MARRIOTT VACATIONS WORLDWIDE Corp
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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, 2025 · Filed Nov 6, 2025
VAC$110.42+3.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Interim Consolidated Balance Sheets
(In millions, except share and per share data)
| Unaudited | ||
|---|---|---|
| September 30, 2025 | December 31, 2024 | |
| ASSETS | ||
| Cash and cash equivalents | $474 | $197 |
| Restricted cash (including $88 and $82 from VIEs, respectively) | 259 | 331 |
| Accounts and contracts receivable, net (including $15 and $16 from VIEs, respectively) | 402 | 387 |
| Vacation ownership notes receivable, net (including $1,896 and $1,917 from VIEs, respectively) | 2,522 | 2,440 |
| Inventory | 727 | 735 |
| Property and equipment, net | 1,325 | 1,170 |
| Goodwill | 3,117 | 3,117 |
| Intangibles, net | 747 | 790 |
| Other (including $160 and $131 from VIEs, respectively) | 576 | 641 |
| TOTAL ASSETS | $10,149 | $9,808 |
| LIABILITIES AND EQUITY | ||
| Accounts payable | $250 | $343 |
| Advance deposits | 166 | 162 |
| Accrued liabilities (including $4 and $4 from VIEs, respectively) | 374 | 384 |
| Deferred revenue | 344 | 354 |
| Payroll and benefits liability | 203 | 220 |
| Deferred compensation liability | 217 | 195 |
| Securitized debt, net (including $2,132 and $2,163 from VIEs, respectively) | 2,107 | 2,136 |
| Debt, net | 3,533 | 3,089 |
| Other | 133 | 139 |
| Deferred taxes | 357 | 345 |
| TOTAL LIABILITIES | 7,684 | 7,367 |
| Contingencies and Commitments (Note 10) | ||
| Preferred stock — $0.01 par value; 2,000,000 shares authorized; none issued or outstanding | — | — |
| Common stock — $0.01 par value; 100,000,000 shares authorized; 75,891,531 and 75,852,678 shares issued, respectively | 1 | 1 |
| Treasury stock — at cost; 41,277,540 and 40,974,753 shares, respectively | (2,403) | (2,378) |
| Additional paid-in capital | 3,988 | 3,975 |
| Accumulated other comprehensive loss | (14) | (8) |
| Retained earnings | 893 | 852 |
| TOTAL MVW STOCKHOLDERS' EQUITY | 2,465 | 2,442 |
| Noncontrolling interests | — | (1) |
| TOTAL EQUITY | 2,465 | 2,441 |
| TOTAL LIABILITIES AND EQUITY | $10,149 | $9,808 |
| The abbreviation VIEs above means Variable Interest Entities. | ||
See Interim Condensed Notes to Financial Statements
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