MARRIOTT VACATIONS WORLDWIDE Corp
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
VAC$115.13+4.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Interim Consolidated Statements of Income
(In millions, except per share amounts)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 | |
| REVENUES | ||||
| Sale of vacation ownership products | $387 | $319 | $1,048 | $1,085 |
| Management and exchange | 207 | 205 | 633 | 611 |
| Rental | 151 | 138 | 462 | 435 |
| Financing | 87 | 81 | 255 | 239 |
| Cost reimbursements | 473 | 443 | 1,242 | 1,163 |
| TOTAL REVENUES | 1,305 | 1,186 | 3,640 | 3,533 |
| EXPENSES | ||||
| Cost of vacation ownership products | 54 | 50 | 145 | 174 |
| Marketing and sales | 228 | 202 | 677 | 618 |
| Management and exchange | 123 | 115 | 358 | 332 |
| Rental | 113 | 119 | 331 | 344 |
| Financing | 37 | 30 | 106 | 81 |
| General and administrative | 62 | 57 | 179 | 189 |
| Depreciation and amortization | 36 | 33 | 109 | 99 |
| Litigation charges | 2 | 2 | 15 | 7 |
| Restructuring | 1 | — | 4 | — |
| Royalty fee | 28 | 30 | 85 | 88 |
| Impairment | — | — | 2 | 4 |
| Cost reimbursements | 473 | 443 | 1,242 | 1,163 |
| TOTAL EXPENSES | 1,157 | 1,081 | 3,253 | 3,099 |
| Gains and other income, net | 9 | 3 | 2 | 34 |
| Interest expense, net | (40) | (36) | (123) | (106) |
| Transaction and integration costs | — | (5) | (18) | (28) |
| Other | 1 | (1) | (1) | — |
| INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS | 118 | 66 | 247 | 334 |
| Provision for income taxes | (34) | (24) | (79) | (115) |
| NET INCOME | 84 | 42 | 168 | 219 |
| Net income attributable to noncontrolling interests | — | — | — | — |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $84 | $42 | $168 | $219 |
| EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS | ||||
| Basic | $2.38 | $1.16 | $4.74 | $5.96 |
| Diluted | $2.12 | $1.09 | $4.31 | $5.33 |
| CASH DIVIDENDS DECLARED PER SHARE | $0.76 | $0.72 | $2.28 | $2.16 |
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