VAC: Marriott Vacations Worldwide Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Marriott Vacations Worldwide Corp (VAC).
$3.14B Market Cap.
VAC Market Cap. (MRY)
VAC Shares Outstanding (MRY)
VAC Assets (MRY)
Total Assets
$9.81B
Total Liabilities
$7.37B
Total Investments
$0
VAC Income (MRY)
Revenue
$4.97B
Net Income
$218.00M
Operating Expense
$1.50B
VAC Cash Flow (MRY)
CF Operations
$205.00M
CF Investing
-$115.00M
CF Financing
-$132.00M
VAC Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Total Assets | $9,808,000,000 (1.32%) | $9,680,000,000 (0.43%) | $9,639,000,000 (0.27%) | $9,613,000,000 (8.04%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $3,907,000,000 (-1.61%) | $3,971,000,000 (-1.42%) | $4,028,000,000 (-2.78%) | $4,143,000,000 (9.92%) |
Shareholders Equity | $2,442,000,000 (2.52%) | $2,382,000,000 (-4.57%) | $2,496,000,000 (-16.13%) | $2,976,000,000 (12.26%) |
Property Plant & Equipment Net | $1,170,000,000 (-7.14%) | $1,260,000,000 (10.62%) | $1,139,000,000 (0.26%) | $1,136,000,000 (43.62%) |
Cash & Equivalents | $528,000,000 (-8.01%) | $574,000,000 (-32.79%) | $854,000,000 (6.35%) | $803,000,000 (-19.05%) |
Accumulated Other Comprehensive Income | -$8,000,000 (-150.00%) | $16,000,000 (6.67%) | $15,000,000 (193.75%) | -$16,000,000 (66.67%) |
Deferred Revenue | $354,000,000 (-7.33%) | $382,000,000 (11.05%) | $344,000,000 (-24.06%) | $453,000,000 (-7.17%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $735,000,000 (15.93%) | $634,000,000 (-3.94%) | $660,000,000 (-8.21%) | $719,000,000 (-5.27%) |
Trade & Non-Trade Receivables | $2,827,000,000 (3.63%) | $2,728,000,000 (9.56%) | $2,490,000,000 (7.14%) | $2,324,000,000 (9.83%) |
Trade & Non-Trade Payables | $343,000,000 (-5.25%) | $362,000,000 (1.69%) | $356,000,000 (34.34%) | $265,000,000 (26.79%) |
Accumulated Retained Earnings (Deficit) | $852,000,000 (14.82%) | $742,000,000 (25.13%) | $593,000,000 (115.64%) | $275,000,000 (1.10%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $345,000,000 (23.21%) | $280,000,000 (-15.41%) | $331,000,000 (-5.43%) | $350,000,000 (27.74%) |
Total Debt | $5,225,000,000 (1.55%) | $5,145,000,000 (2.37%) | $5,026,000,000 (12.01%) | $4,487,000,000 (5.13%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $7,367,000,000 (0.95%) | $7,298,000,000 (2.20%) | $7,141,000,000 (7.76%) | $6,627,000,000 (6.61%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
VAC Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Revenues | $4,967,000,000 (5.08%) | $4,727,000,000 (1.52%) | $4,656,000,000 (19.69%) | $3,890,000,000 (34.79%) |
Cost of Revenue | $2,998,000,000 (7.38%) | $2,792,000,000 (9.19%) | $2,557,000,000 (9.70%) | $2,331,000,000 (11.26%) |
Selling General & Administrative Expense | $1,162,000,000 (6.02%) | $1,096,000,000 (3.79%) | $1,056,000,000 (25.12%) | $844,000,000 (56.30%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $1,497,000,000 (4.25%) | $1,436,000,000 (-0.28%) | $1,440,000,000 (18.13%) | $1,219,000,000 (27.64%) |
Interest Expense | $162,000,000 (11.72%) | $145,000,000 (22.88%) | $118,000,000 (-28.05%) | $164,000,000 (9.33%) |
Income Tax Expense | $89,000,000 (-39.04%) | $146,000,000 (-23.56%) | $191,000,000 (158.11%) | $74,000,000 (188.10%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $217,000,000 (-13.89%) | $252,000,000 (-35.55%) | $391,000,000 (637.74%) | $53,000,000 (120.70%) |
Net Income to Non-Controlling Interests | -$1,000,000 (50.00%) | -$2,000,000 (0%) | $0 (0%) | $4,000,000 (-78.95%) |
Net Income | $218,000,000 (-14.17%) | $254,000,000 (-35.04%) | $391,000,000 (697.96%) | $49,000,000 (117.82%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $218,000,000 (-14.17%) | $254,000,000 (-35.04%) | $391,000,000 (697.96%) | $49,000,000 (117.82%) |
Weighted Average Shares | $34,911,161 (-1.71%) | $35,517,203 (-7.31%) | $38,320,142 (-10.04%) | $42,595,068 (3.73%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $469,000,000 (-13.94%) | $545,000,000 (-22.14%) | $700,000,000 (143.90%) | $287,000,000 (237.32%) |
Gross Profit | $1,969,000,000 (1.76%) | $1,935,000,000 (-7.81%) | $2,099,000,000 (34.64%) | $1,559,000,000 (97.09%) |
Operating Income | $472,000,000 (-5.41%) | $499,000,000 (-24.28%) | $659,000,000 (93.82%) | $340,000,000 (307.32%) |
VAC Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Net Cash Flow from Investing | -$115,000,000 (-2.68%) | -$112,000,000 (-800.00%) | $16,000,000 (107.51%) | -$213,000,000 (-565.63%) |
Net Cash Flow from Financing | -$132,000,000 (67.08%) | -$401,000,000 (17.49%) | -$486,000,000 (-53.31%) | -$317,000,000 (-1478.26%) |
Net Cash Flow from Operations | $205,000,000 (-11.64%) | $232,000,000 (-55.56%) | $522,000,000 (52.19%) | $343,000,000 (14.72%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$46,000,000 (83.57%) | -$280,000,000 (-649.02%) | $51,000,000 (126.98%) | -$189,000,000 (-164.95%) |
Net Cash Flow - Business Acquisitions and Disposals | $8,000,000 (-50.00%) | $16,000,000 (-83.51%) | $97,000,000 (162.99%) | -$154,000,000 (-1126.67%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$107,000,000 (9.32%) | -$118,000,000 (-81.54%) | -$65,000,000 (-38.30%) | -$47,000,000 (-14.63%) |
Issuance (Repayment) of Debt Securities | $39,000,000 (657.14%) | -$7,000,000 (-101.76%) | $398,000,000 (339.76%) | -$166,000,000 (-200.00%) |
Issuance (Purchase) of Equity Shares | -$56,000,000 (80.42%) | -$286,000,000 (56.53%) | -$658,000,000 (-8125.00%) | -$8,000,000 (90.24%) |
Payment of Dividends & Other Cash Distributions | -$107,000,000 (-0.94%) | -$106,000,000 (-7.07%) | -$99,000,000 (-330.43%) | -$23,000,000 (48.89%) |
Effect of Exchange Rate Changes on Cash | -$4,000,000 (-500.00%) | $1,000,000 (200.00%) | -$1,000,000 (50.00%) | -$2,000,000 (-300.00%) |
Share Based Compensation | $33,000,000 (6.45%) | $31,000,000 (-20.51%) | $39,000,000 (-23.53%) | $51,000,000 (41.67%) |
Depreciation Amortization & Accretion | $146,000,000 (8.15%) | $135,000,000 (2.27%) | $132,000,000 (-9.59%) | $146,000,000 (18.70%) |
VAC Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Gross Margin | 39.60% (-3.18%) | 40.90% (-9.31%) | 45.10% (12.47%) | 40.10% (46.35%) |
Profit Margin | 4.40% (-18.52%) | 5.40% (-35.71%) | 8.40% (546.15%) | 1.30% (113.68%) |
EBITDA Margin | 12.40% (-13.89%) | 14.40% (-19.55%) | 17.90% (61.26%) | 11.10% (470.00%) |
Return on Average Equity (ROAE) | 9.10% (-12.50%) | 10.40% (-28.77%) | 14.60% (758.82%) | 1.70% (116.67%) |
Return on Average Assets (ROAA) | 2.20% (-18.52%) | 2.70% (-34.15%) | 4.10% (720.00%) | 0.50% (116.67%) |
Return on Sales (ROS) | 9.40% (-18.26%) | 11.50% (-23.33%) | 15.00% (102.70%) | 7.40% (202.78%) |
Return on Invested Capital (ROIC) | 4.40% (-18.52%) | 5.40% (-28.00%) | 7.50% (141.94%) | 3.10% (229.17%) |
Dividend Yield | 3.40% (0.00%) | 3.40% (78.95%) | 1.90% (216.67%) | 0.60% (50.00%) |
Price to Earnings Ratio (P/E) | 14.58 (19.52%) | 12.2 (-12.19%) | 13.89 (-90.55%) | 146.94 (812.09%) |
Price to Sales Ratio (P/S) | 0.63 (-1.10%) | 0.64 (-42.42%) | 1.11 (-40.11%) | 1.85 (-5.23%) |
Price to Book Ratio (P/B) | 1.28 (1.42%) | 1.27 (-38.72%) | 2.07 (-14.59%) | 2.42 (13.84%) |
Debt to Equity Ratio (D/E) | 3.02 (-1.53%) | 3.06 (7.10%) | 2.86 (28.47%) | 2.23 (-5.03%) |
Earnings Per Share (EPS) | 6.16 (-11.49%) | 6.96 (-28.17%) | 9.69 (742.61%) | 1.15 (117.29%) |
Sales Per Share (SPS) | 142.28 (6.90%) | 133.09 (9.54%) | 121.5 (33.04%) | 91.33 (29.94%) |
Free Cash Flow Per Share (FCFPS) | 2.81 (-12.55%) | 3.21 (-73.08%) | 11.93 (71.62%) | 6.95 (10.60%) |
Book Value Per Share (BVPS) | 69.95 (4.30%) | 67.07 (2.96%) | 65.14 (-6.77%) | 69.87 (8.22%) |
Tangible Assets Book Value Per Share (TABVPS) | 169.03 (5.16%) | 160.74 (9.78%) | 146.42 (14.02%) | 128.42 (2.81%) |
Enterprise Value Over EBIT (EV/EBIT) | 17 (21.43%) | 14 (7.69%) | 13 (-64.86%) | 37 (186.05%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 12.8 (15.02%) | 11.13 (0.96%) | 11.03 (-55.40%) | 24.72 (123.52%) |
Asset Turnover | 0.51 (2.83%) | 0.49 (0.20%) | 0.49 (23.19%) | 0.4 (26.50%) |
Current Ratio | - | - | - | - |
Dividends | $3.07 (5.14%) | $2.92 (13.18%) | $2.58 (138.89%) | $1.08 (100.00%) |
Free Cash Flow (FCF) | $98,000,000 (-14.04%) | $114,000,000 (-75.05%) | $457,000,000 (54.39%) | $296,000,000 (14.73%) |
Enterprise Value (EV) | $7,874,022,258 (4.03%) | $7,569,055,363 (-17.48%) | $9,172,507,912 (-14.31%) | $10,704,714,591 (18.45%) |
Earnings Before Tax (EBT) | $307,000,000 (-23.25%) | $400,000,000 (-31.27%) | $582,000,000 (373.17%) | $123,000,000 (134.26%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $615,000,000 (-9.56%) | $680,000,000 (-18.27%) | $832,000,000 (92.15%) | $433,000,000 (603.49%) |
Invested Capital | $10,598,000,000 (3.09%) | $10,280,000,000 (5.08%) | $9,783,000,000 (6.87%) | $9,154,000,000 (8.91%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $5,901,000,000 (3.36%) | $5,709,000,000 (1.75%) | $5,611,000,000 (2.58%) | $5,470,000,000 (6.65%) |
Market Capitalization | $3,135,022,258 (3.98%) | $3,015,055,363 (-41.54%) | $5,157,507,912 (-28.35%) | $7,197,714,591 (27.74%) |
Average Equity | $2,403,000,000 (-1.35%) | $2,436,000,000 (-8.77%) | $2,670,250,000 (-8.24%) | $2,910,000,000 (8.11%) |
Average Assets | $9,756,500,000 (2.12%) | $9,554,250,000 (1.32%) | $9,429,750,000 (-2.68%) | $9,689,250,000 (6.31%) |
Invested Capital Average | $10,563,250,000 (4.56%) | $10,102,500,000 (7.68%) | $9,381,750,000 (2.18%) | $9,181,250,000 (3.94%) |
Shares | 34,911,161 (-1.71%) | 35,517,203 (-7.31%) | 38,320,142 (-10.04%) | 42,595,068 (3.73%) |