Marriott Vacations Worldwide Corporation (VAC) Income Statement Analysis

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Complete financial analysis of Marriott Vacations Worldwide Corporation (VAC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Marriott Vacations Worldwide Corporation, a leading company in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector.

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Marriott Vacations Worldwide Corporation (VAC)

Industry: Gambling, Resorts & Casinos

Sector: Consumer Cyclical

Website: https://www.marriottvacationsworldwide.com

About Marriott Vacations Worldwide Corporation

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands. It also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand. In addition, the company offers exchange networks and membership programs, as well as provision of management services to other resorts and lodging properties through various brands, including Interval International, Trading Places International, Vacation Resorts International, and Aqua-Aston. As of December 31, 2021, the company operated approximately 120 properties in the United States and thirteen other countries and territories. The company sells its upscale tier vacation ownership products primarily through a network of resort-based sales centers and off-site sales locations. Marriott Vacations Worldwide Corporation was founded in 1984 and is headquartered in Orlando, Florida.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	4.73B	4.62B	3.89B	2.89B	4.36B	2.97B	2.18B	1.81B	1.83B	1.74B	1.75B	1.65B	1.61B	1.58B	1.60B
Cost of Revenue	2.91B	2.68B	2.44B	2.16B	2.59B	1.87B	1.40B	1.10B	1.15B	1.12B	1.14B	1.09B	1.04B	999.00M	1.04B
Gross Profit	1.82B	1.93B	1.45B	729.00M	1.77B	1.10B	780.00M	706.78M	677.49M	621.00M	607.00M	556.00M	574.00M	585.00M	553.00M
Gross Profit Ratio	38.46%	41.89%	37.35%	25.26%	40.57%	37.06%	35.73%	39.02%	37.01%	35.77%	34.69%	33.74%	35.59%	36.93%	34.65%
Research & Development	0.00	0.13	0.03	-0.12	0.05	0.03	0.11	0.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	273.00M	249.00M	227.00M	154.00M	300.00M	198.00M	110.00M	104.83M	102.96M	99.00M	99.00M	86.00M	81.00M	82.00M	88.00M
Selling & Marketing	823.00M	807.00M	617.00M	419.00M	762.00M	527.00M	395.00M	353.30M	330.60M	315.00M	316.00M	330.00M	342.00M	344.00M	413.00M
SG&A	1.10B	1.06B	844.00M	573.00M	1.06B	725.00M	505.00M	458.13M	433.56M	414.00M	415.00M	416.00M	423.00M	426.00M	501.00M
Other Expenses	0.00	132.00M	146.00M	123.00M	141.00M	17.00M	4.00M	6.57M	1.12M	5.00M	1.00M	9.00M	0.00	15.00M	623.00M
Operating Expenses	1.82B	1.19B	990.00M	696.00M	1.20B	787.00M	505.00M	458.13M	433.56M	414.00M	415.00M	416.00M	423.00M	441.00M	1.12B
Cost & Expenses	4.14B	3.87B	3.43B	2.85B	3.79B	2.66B	1.91B	1.56B	1.59B	1.53B	1.56B	1.51B	1.46B	1.44B	2.17B
Interest Income	0.00	118.00M	164.00M	150.00M	132.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	145.00M	118.00M	164.00M	150.00M	132.00M	54.00M	35.00M	32.60M	37.47M	38.00M	44.00M	58.00M	47.00M	56.00M	0.00
Depreciation & Amortization	135.00M	3.86B	3.43B	2.85B	3.70B	2.71B	1.94B	1.59B	22.22M	19.00M	23.00M	30.00M	33.00M	35.00M	42.00M
EBITDA	722.00M	919.00M	560.00M	126.00M	722.00M	375.00M	271.00M	220.00M	266.18M	188.00M	171.00M	124.00M	137.00M	203.00M	-721.00M
EBITDA Ratio	15.27%	19.90%	14.40%	4.37%	16.58%	13.21%	12.78%	15.25%	14.61%	13.31%	12.34%	10.92%	11.41%	11.49%	-42.54%
Operating Income	587.00M	787.00M	414.00M	3.00M	581.00M	160.00M	260.67M	255.53M	243.97M	189.00M	175.00M	95.00M	-167.00M	168.00M	-752.00M
Operating Income Ratio	12.42%	17.05%	10.64%	0.10%	13.34%	5.39%	11.94%	14.11%	13.33%	10.89%	10.00%	5.76%	-10.35%	10.61%	-47.12%
Total Other Income/Expenses	-189.00M	-347.00M	-482.00M	-496.00M	-339.00M	-210.00M	-10.00M	23.93M	-930.68M	-29.81M	-43.80M	-57.00M	-365.00M	-49.00M	-192.00M
Income Before Tax	398.00M	531.00M	127.00M	-340.00M	225.00M	103.00M	240.00M	222.93M	206.50M	151.00M	131.00M	37.00M	-214.00M	112.00M	-763.00M
Income Before Tax Ratio	8.42%	11.50%	3.26%	-11.78%	5.17%	3.47%	10.99%	12.31%	11.28%	8.70%	7.49%	2.25%	-13.27%	7.07%	-47.81%
Income Tax Expense	146.00M	178.00M	74.00M	-84.00M	83.00M	51.00M	5.00M	85.58M	83.70M	70.00M	51.00M	21.00M	-36.00M	45.00M	-231.00M
Net Income	254.00M	391.00M	49.00M	-256.00M	138.00M	55.00M	235.00M	137.35M	122.80M	81.00M	80.00M	16.00M	-178.00M	67.00M	-521.00M
Net Income Ratio	5.37%	8.47%	1.26%	-8.87%	3.17%	1.85%	10.77%	7.58%	6.71%	4.67%	4.57%	0.97%	-11.04%	4.23%	-32.64%
EPS	6.96	9.68	1.15	-6.20	3.14	1.65	8.70	4.37	3.90	2.40	2.25	0.19	-5.28	1.99	-15.49
EPS Diluted	5.84	8.65	1.13	-6.20	3.10	1.62	8.49	4.29	3.82	2.33	2.18	0.18	-5.28	1.99	-15.49
Weighted Avg Shares Out	36.50M	40.40M	42.50M	41.30M	43.90M	33.30M	27.10M	27.90M	31.49M	33.67M	35.37M	34.40M	33.70M	33.63M	33.63M
Weighted Avg Shares Out (Dil)	43.50M	45.20M	43.30M	41.30M	44.50M	34.00M	27.70M	28.40M	32.17M	34.64M	36.62M	36.20M	33.70M	33.63M	33.63M

Marriott Vacations: A Lot More For Investors In Q4 '22 And Beyond

November 30, 2022seekingalpha.com

Revenue of $3.15B in 2019 marked the end of a three-year revenue growth streak. The company shows a strong rebound post-Covid and a high potential of exceeding pre-Covid performance by Dec 2022.

7 Consumer Discretionary Stocks That Can Storm Back in 2023

November 28, 2022investorplace.com

Although the blues of 2022 negatively impacted most sectors not tethered to the energy or defense sectors, some of the top consumer discretionary stocks to buy absorbed some of the worst hits. Initially, inflation woes ground down consumer sentiment.

Holiday Season Travel Projected to Soar: 4 Stocks to Watch

November 14, 2022zacks.com

Americans are planning to go on vacation this holiday season, prompting employers to ramp up hiring and helping stocks like Hyatt Hotels (H), Hilton Grand Vacations (HGV), Wyndham Hotels & Resorts (WH) and Marriott Vacations Worldwide (VAC).

Marriott Vacations' (VAC) Q3 Earnings Top Estimates, Rise Y/Y

November 1, 2022zacks.com

Marriott Vacations' (VAC) third-quarter top line benefits from solid vacation ownership business performance and an uptick in tour growth.

Marriott Vacations Worldwide Corporation's (VAC) Q3 2022 Earnings Call Transcript

November 1, 2022seekingalpha.com

Marriott Vacations Worldwide Corporation (NYSE:VAC ) Q3 2022 Earnings Conference Call November 1, 2022 8:30 AM ET Company Participants Neal Goldner - Vice President, Investor Relations Steve Weisz - Chief Executive Officer John Geller - President Tony Terry - Executive...