MARRIOTT VACATIONS WORLDWIDE Corp

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 28, 2025

VAC$115.68+0.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Financial Statements Consolidated Statements of Income

CONSOLIDATED STATEMENTS OF INCOME

(In millions, except per share amounts)

	2024	2023	2022
REVENUES
Sale of vacation ownership products	$1,448	$1,460	$1,618
Management and exchange	843	813	827
Rental	645	571	551
Financing	342	322	293
Cost reimbursements	1,689	1,561	1,367
TOTAL REVENUES	4,967	4,727	4,656
EXPENSES
Cost of vacation ownership products	200	224	289
Marketing and sales	919	823	807
Management and exchange	482	442	444
Rental	481	452	382
Financing	146	113	75
General and administrative	243	273	249
Depreciation and amortization	146	135	132
Litigation charges	17	13	11
Restructuring	10	6	—
Royalty fee	114	117	114
Impairment	30	32	2
Cost reimbursements	1,689	1,561	1,367
TOTAL EXPENSES	4,477	4,191	3,872
(Losses) gains and other (expense) income, net	(1)	47	40
Interest expense, net	(162)	(145)	(118)
Transaction and integration costs	(18)	(37)	(125)
Other	(3)	(3)	1
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS	306	398	582
Provision for income taxes	(89)	(146)	(191)
NET INCOME	217	252	391
Net loss attributable to noncontrolling interests	1	2	—
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$218	$254	$391
EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
Basic	$6.16	$6.96	$9.69
Diluted	$5.61	$6.28	$8.77
CASH DIVIDENDS DECLARED PER SHARE	$3.07	$2.92	$2.58

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.