Marriott Vacations Worldwide Corp
NYSE:VAC
Income Statement
Earnings Waterfall
Marriott Vacations Worldwide Corp
Revenue
|
4.7B
USD
|
Cost of Revenue
|
-2.3B
USD
|
Gross Profit
|
2.4B
USD
|
Operating Expenses
|
-1.8B
USD
|
Operating Income
|
587m
USD
|
Other Expenses
|
-333m
USD
|
Net Income
|
254m
USD
|
Income Statement
Marriott Vacations Worldwide Corp
Jan-2014 | Mar-2014 | Jun-2014 | Sep-2014 | Jan-2015 | Mar-2015 | Jun-2015 | Sep-2015 | Jan-2016 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 750
N/A
|
1 762
+1%
|
1 751
-1%
|
1 752
+0%
|
1 736
-1%
|
1 789
+3%
|
1 802
+1%
|
1 796
0%
|
1 811
+1%
|
1 775
-2%
|
1 776
+0%
|
1 770
0%
|
2 000
+13%
|
1 918
-4%
|
2 057
+7%
|
2 185
+6%
|
2 183
0%
|
2 225
+2%
|
2 258
+1%
|
2 478
+10%
|
2 968
+20%
|
3 431
+16%
|
3 879
+13%
|
4 195
+8%
|
4 259
+2%
|
4 235
-1%
|
3 672
-13%
|
3 255
-11%
|
2 886
-11%
|
2 635
-9%
|
3 134
+19%
|
3 537
+13%
|
3 890
+10%
|
4 183
+8%
|
4 368
+4%
|
4 568
+5%
|
4 656
+2%
|
4 773
+3%
|
4 787
+0%
|
4 721
-1%
|
4 727
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(830)
|
(840)
|
(832)
|
(831)
|
(817)
|
(834)
|
(835)
|
(828)
|
(812)
|
(785)
|
(776)
|
(767)
|
(1 075)
|
(875)
|
(976)
|
(1 072)
|
(1 134)
|
(1 148)
|
(1 180)
|
(1 290)
|
(1 509)
|
(1 724)
|
(1 899)
|
(2 044)
|
(2 095)
|
(2 129)
|
(1 959)
|
(1 840)
|
(1 741)
|
(1 620)
|
(1 791)
|
(1 912)
|
(1 987)
|
(2 078)
|
(2 119)
|
(2 143)
|
(2 175)
|
(2 207)
|
(2 234)
|
(2 319)
|
(2 340)
|
|
Gross Profit |
920
N/A
|
922
+0%
|
919
0%
|
921
+0%
|
919
0%
|
955
+4%
|
967
+1%
|
968
+0%
|
999
+3%
|
990
-1%
|
1 000
+1%
|
1 003
+0%
|
925
-8%
|
1 043
+13%
|
1 081
+4%
|
1 114
+3%
|
1 049
-6%
|
1 077
+3%
|
1 078
+0%
|
1 188
+10%
|
1 459
+23%
|
1 707
+17%
|
1 980
+16%
|
2 151
+9%
|
2 164
+1%
|
2 106
-3%
|
1 713
-19%
|
1 415
-17%
|
1 145
-19%
|
1 015
-11%
|
1 343
+32%
|
1 625
+21%
|
1 903
+17%
|
2 105
+11%
|
2 249
+7%
|
2 425
+8%
|
2 481
+2%
|
2 566
+3%
|
2 553
-1%
|
2 402
-6%
|
2 387
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(728)
|
(727)
|
(724)
|
(723)
|
(712)
|
(725)
|
(736)
|
(744)
|
(755)
|
(761)
|
(770)
|
(776)
|
(726)
|
(793)
|
(811)
|
(852)
|
(799)
|
(807)
|
(829)
|
(930)
|
(1 146)
|
(1 329)
|
(1 523)
|
(1 617)
|
(1 600)
|
(1 613)
|
(1 404)
|
(1 252)
|
(1 112)
|
(1 006)
|
(1 177)
|
(1 301)
|
(1 440)
|
(1 521)
|
(1 573)
|
(1 664)
|
(1 684)
|
(1 752)
|
(1 771)
|
(1 756)
|
(1 800)
|
|
Selling, General & Administrative |
(728)
|
(727)
|
(724)
|
(723)
|
(712)
|
(725)
|
(736)
|
(744)
|
(755)
|
(761)
|
(770)
|
(776)
|
(705)
|
(793)
|
(811)
|
(827)
|
(778)
|
(796)
|
(807)
|
(896)
|
(1 084)
|
(1 237)
|
(1 399)
|
(1 478)
|
(1 459)
|
(1 477)
|
(1 273)
|
(1 124)
|
(989)
|
(874)
|
(1 040)
|
(1 159)
|
(1 294)
|
(1 383)
|
(1 439)
|
(1 532)
|
(1 552)
|
(1 621)
|
(1 638)
|
(1 623)
|
(1 665)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(21)
|
0
|
0
|
(6)
|
(21)
|
0
|
0
|
(23)
|
(62)
|
(88)
|
(124)
|
(139)
|
(141)
|
(136)
|
(131)
|
(128)
|
(123)
|
(132)
|
(137)
|
(142)
|
(146)
|
(138)
|
(134)
|
(132)
|
(132)
|
(131)
|
(133)
|
(133)
|
(135)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(19)
|
0
|
(11)
|
(22)
|
(11)
|
0
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
192
N/A
|
194
+1%
|
194
0%
|
197
+2%
|
207
+5%
|
230
+11%
|
231
+0%
|
225
-3%
|
244
+9%
|
228
-6%
|
230
+1%
|
228
-1%
|
199
-13%
|
250
+26%
|
269
+8%
|
262
-3%
|
250
-5%
|
270
+8%
|
249
-8%
|
258
+4%
|
313
+21%
|
377
+21%
|
457
+21%
|
534
+17%
|
564
+6%
|
493
-13%
|
309
-37%
|
163
-47%
|
33
-80%
|
9
-73%
|
166
+1 744%
|
324
+95%
|
463
+43%
|
584
+26%
|
676
+16%
|
761
+13%
|
797
+5%
|
814
+2%
|
782
-4%
|
646
-17%
|
587
-9%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(44)
|
(42)
|
(39)
|
(39)
|
(38)
|
(38)
|
(38)
|
(37)
|
(38)
|
(36)
|
(35)
|
(35)
|
(9)
|
(32)
|
(32)
|
(7)
|
(10)
|
(25)
|
(16)
|
(28)
|
(54)
|
(84)
|
(114)
|
(131)
|
(132)
|
(131)
|
(138)
|
(144)
|
(150)
|
(154)
|
(158)
|
(162)
|
(164)
|
(150)
|
(134)
|
(127)
|
(118)
|
(125)
|
(131)
|
(133)
|
(145)
|
|
Non-Reccuring Items |
(18)
|
(21)
|
(10)
|
(10)
|
(23)
|
(20)
|
(28)
|
(24)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
0
|
(0)
|
(2)
|
(5)
|
(4)
|
(40)
|
(133)
|
(173)
|
(196)
|
(197)
|
(210)
|
(224)
|
(289)
|
(265)
|
(192)
|
(193)
|
(97)
|
(121)
|
(115)
|
(123)
|
(132)
|
(134)
|
(142)
|
(138)
|
(127)
|
(100)
|
(70)
|
(88)
|
|
Total Other Income |
1
|
1
|
2
|
2
|
5
|
4
|
11
|
6
|
1
|
(2)
|
(1)
|
5
|
7
|
9
|
(0)
|
6
|
5
|
2
|
(4)
|
(9)
|
17
|
28
|
36
|
30
|
17
|
(50)
|
(38)
|
(34)
|
(30)
|
29
|
16
|
(14)
|
(49)
|
(49)
|
(12)
|
15
|
41
|
58
|
31
|
36
|
44
|
|
Pre-Tax Income |
131
N/A
|
133
+2%
|
147
+10%
|
150
+2%
|
151
+1%
|
176
+16%
|
176
0%
|
169
-4%
|
207
+22%
|
189
-8%
|
193
+2%
|
198
+2%
|
198
+0%
|
227
+14%
|
237
+4%
|
259
+9%
|
240
-7%
|
243
+1%
|
189
-22%
|
88
-53%
|
103
+17%
|
125
+22%
|
182
+45%
|
223
+23%
|
225
+1%
|
23
-90%
|
(132)
N/A
|
(207)
-57%
|
(340)
-64%
|
(213)
+37%
|
(97)
+54%
|
33
N/A
|
127
+285%
|
253
+99%
|
396
+57%
|
507
+28%
|
582
+15%
|
620
+7%
|
582
-6%
|
479
-18%
|
398
-17%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(51)
|
(53)
|
(61)
|
(64)
|
(70)
|
(81)
|
(82)
|
(78)
|
(84)
|
(76)
|
(78)
|
(77)
|
(76)
|
(86)
|
(84)
|
(93)
|
(70)
|
(65)
|
(48)
|
(23)
|
(50)
|
(62)
|
(81)
|
(93)
|
(83)
|
(10)
|
34
|
58
|
84
|
37
|
(9)
|
(70)
|
(74)
|
(117)
|
(133)
|
(145)
|
(191)
|
(200)
|
(207)
|
(172)
|
(146)
|
|
Income from Continuing Operations |
80
|
80
|
86
|
86
|
81
|
95
|
94
|
91
|
123
|
113
|
115
|
121
|
122
|
141
|
153
|
166
|
170
|
178
|
141
|
65
|
53
|
63
|
101
|
130
|
142
|
13
|
(98)
|
(149)
|
(256)
|
(176)
|
(106)
|
(37)
|
53
|
136
|
263
|
362
|
391
|
420
|
375
|
307
|
252
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
3
|
1
|
(4)
|
(5)
|
(13)
|
(15)
|
(19)
|
(21)
|
(15)
|
(12)
|
(4)
|
(1)
|
2
|
4
|
0
|
2
|
1
|
0
|
2
|
|
Net Income (Common) |
80
N/A
|
80
+0%
|
86
+7%
|
86
N/A
|
81
-5%
|
95
+18%
|
94
-1%
|
91
-4%
|
123
+35%
|
113
-8%
|
115
+2%
|
121
+5%
|
122
+1%
|
141
+15%
|
153
+8%
|
166
+9%
|
235
+42%
|
243
+3%
|
206
-15%
|
130
-37%
|
55
-58%
|
65
+18%
|
103
+58%
|
130
+26%
|
138
+6%
|
8
-94%
|
(111)
N/A
|
(164)
-48%
|
(275)
-68%
|
(197)
+28%
|
(121)
+39%
|
(49)
+60%
|
49
N/A
|
135
+176%
|
265
+96%
|
364
+37%
|
391
+7%
|
420
+7%
|
374
-11%
|
307
-18%
|
254
-17%
|
|
EPS (Diluted) |
2.18
N/A
|
2.23
+2%
|
2.43
+9%
|
2.48
+2%
|
2.34
-6%
|
2.89
+24%
|
2.89
N/A
|
2.82
-2%
|
3.82
+35%
|
3.82
N/A
|
4
+5%
|
4.35
+9%
|
4.3
-1%
|
5.04
+17%
|
5.45
+8%
|
5.97
+10%
|
8.48
+42%
|
8.9
+5%
|
5.9
-34%
|
3.96
-33%
|
1.61
-59%
|
1.4
-13%
|
2.27
+62%
|
2.99
+32%
|
3.1
+4%
|
0.19
-94%
|
-2.69
N/A
|
-3.98
-48%
|
-6.66
-67%
|
-4.75
+29%
|
-2.76
+42%
|
-1.12
+59%
|
1.13
N/A
|
2.81
+149%
|
5.69
+102%
|
8.38
+47%
|
8.65
+3%
|
9.45
+9%
|
8.53
-10%
|
7.09
-17%
|
5.84
-18%
|