Hilton Grand Vacations Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
HGV$45.54+2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
(in millions, except share and per share data)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Cash and cash equivalents | $239 | $328 |
| Restricted cash | 332 | 438 |
| Accounts receivable, net | 270 | 315 |
| Timeshare financing receivables, net | 3,115 | 3,006 |
| Inventory | 2,522 | 2,244 |
| Property and equipment, net | 859 | 792 |
| Operating lease right-of-use assets, net | 72 | 84 |
| Investments in unconsolidated affiliates | 63 | 73 |
| Goodwill | 1,985 | 1,985 |
| Intangible assets, net | 1,670 | 1,787 |
| Other assets | 410 | 390 |
| TOTAL ASSETS (variable interest entities - $2,601 in 2025 and $2,192 in 2024) | $11,537 | $11,442 |
| LIABILITIES AND EQUITY | ||
| Accounts payable, accrued expenses and other | $1,018 | $1,125 |
| Advanced deposits | 228 | 226 |
| Debt, net | 4,545 | 4,601 |
| Non-recourse debt, net | 2,716 | 2,318 |
| Operating lease liabilities | 89 | 100 |
| Deferred revenues | 637 | 252 |
| Deferred income tax liabilities | 864 | 925 |
| Total liabilities (variable interest entities - $2,824 in 2025 and $2,318 in 2024) | 10,097 | 9,547 |
| Equity: | ||
| Preferred stock, $0.01 par value; 300,000,000 authorized shares, none issued or outstanding as of December 31, 2025 and 2024 | — | — |
| Common stock, $0.01 par value; 3,000,000,000 authorized shares, 83,133,678 shares issued and outstanding as of December 31, 2025, and 96,720,179 shares issued and outstanding as of December 31, 2024 | 1 | 1 |
| Additional paid-in capital | 1,276 | 1,399 |
| Accumulated retained earnings | 34 | 352 |
| Accumulated other comprehensive loss | (22) | — |
| Total stockholders' equity | 1,289 | 1,752 |
| Noncontrolling interest | 151 | 143 |
| Total equity | 1,440 | 1,895 |
| TOTAL LIABILITIES AND EQUITY | $11,537 | $11,442 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.