$HGV
Hilton Grand Vacations Inc.

2024 Q3 Form 10-Q Financial Statement

#000162828024036019 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.306B $1.235B
YoY Change 28.29% 22.64%
Cost Of Revenue $994.0M $967.0M
YoY Change 35.61% 31.21%
Gross Profit $312.0M $268.0M
YoY Change 9.47% -0.74%
Gross Profit Margin 23.89% 21.7%
Selling, General & Admin $44.00M $58.00M
YoY Change 10.0% 20.83%
% of Gross Profit 14.1% 21.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $68.00M $68.00M
YoY Change 28.3% 30.77%
% of Gross Profit 21.79% 25.37%
Operating Expenses $112.0M $126.0M
YoY Change 20.43% 26.0%
Operating Profit $200.0M $142.0M
YoY Change 4.17% -16.47%
Interest Expense -$80.00M -$84.00M
YoY Change -277.78% 100.0%
% of Operating Profit -40.0% -59.15%
Other Income/Expense, Net $9.000M -$3.000M
YoY Change -1000.0% -200.0%
Pretax Income $93.00M $7.000M
YoY Change -31.62% -93.91%
Income Tax $61.00M $3.000M
% Of Pretax Income 65.59% 42.86%
Net Earnings $29.00M $2.000M
YoY Change -68.48% -97.5%
Net Earnings / Revenue 2.22% 0.16%
Basic Earnings Per Share $0.28 $0.02
Diluted Earnings Per Share $0.28 $0.02
COMMON SHARES
Basic Shares Outstanding 101.5M shares 103.7M shares
Diluted Shares Outstanding 102.0M shares 104.3M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $297.0M $328.0M
YoY Change 30.84% 30.16%
Cash & Equivalents $297.0M $328.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $2.243B $1.929B
Prepaid Expenses
Receivables $400.0M $524.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.940B $2.781B
YoY Change 48.79% 37.88%
LONG-TERM ASSETS
Property, Plant & Equipment $652.0M $902.0M
YoY Change -17.36% 3.68%
Goodwill $1.960B $1.933B
YoY Change 38.42% 36.51%
Intangibles
YoY Change
Long-Term Investments $73.00M $78.00M
YoY Change -1.35% 8.33%
Other Assets $244.0M $273.0M
YoY Change -20.78% -18.75%
Total Long-Term Assets $8.214B $8.686B
YoY Change 36.15% 41.6%
TOTAL ASSETS
Total Short-Term Assets $2.940B $2.781B
Total Long-Term Assets $8.214B $8.686B
Total Assets $11.15B $11.47B
YoY Change 39.27% 40.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.057B $1.159B
YoY Change 12.21% 11.12%
Accrued Expenses $103.0M $101.0M
YoY Change 28.75% 21.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.160B $1.260B
YoY Change 13.5% 11.9%
LONG-TERM LIABILITIES
Long-Term Debt $6.603B $6.610B
YoY Change 75.24% 72.86%
Other Long-Term Liabilities $437.0M $545.0M
YoY Change 5.56% 24.43%
Total Long-Term Liabilities $7.040B $7.155B
YoY Change 68.34% 67.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.160B $1.260B
Total Long-Term Liabilities $7.040B $7.155B
Total Liabilities $9.167B $9.387B
YoY Change 56.41% 55.26%
SHAREHOLDERS EQUITY
Retained Earnings $414.0M $456.0M
YoY Change -29.59% -15.4%
Common Stock $1.429B $1.457B
YoY Change -6.97% -5.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $448.0M $340.0M
YoY Change -17.19% -28.87%
Treasury Stock Shares
Shareholders Equity $1.845B $1.918B
YoY Change
Total Liabilities & Shareholders Equity $11.15B $11.47B
YoY Change 39.27% 40.68%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $29.00M $2.000M
YoY Change -68.48% -97.5%
Depreciation, Depletion And Amortization $68.00M $68.00M
YoY Change 28.3% 30.77%
Cash From Operating Activities $91.00M $113.0M
YoY Change -1.09% -41.75%
INVESTING ACTIVITIES
Capital Expenditures $32.00M $18.00M
YoY Change 45.45% 28.57%
Acquisitions
YoY Change
Other Investing Activities $0.00 $9.000M
YoY Change
Cash From Investing Activities -$32.00M -$9.000M
YoY Change 45.45% -35.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -130.0M -171.0M
YoY Change 10.17% -48.96%
NET CHANGE
Cash From Operating Activities 91.00M 113.0M
Cash From Investing Activities -32.00M -9.000M
Cash From Financing Activities -130.0M -171.0M
Net Change In Cash -71.00M -67.00M
YoY Change 47.92% -56.77%
FREE CASH FLOW
Cash From Operating Activities $91.00M $113.0M
Capital Expenditures $32.00M $18.00M
Free Cash Flow $59.00M $95.00M
YoY Change -15.71% -47.22%

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CY2024Q2 us-gaap Treasury Stock Value
TreasuryStockValue
340000000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q2 us-gaap Revenues
Revenues
1235000000 usd
CY2023Q2 us-gaap Revenues
Revenues
1007000000 usd
us-gaap Revenues
Revenues
2391000000 usd
us-gaap Revenues
Revenues
1941000000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
4000000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
80000000 usd
us-gaap Profit Loss
ProfitLoss
2000000 usd
us-gaap Profit Loss
ProfitLoss
153000000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
2000000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
0 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
4000000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
0 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
2000000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
80000000 usd
us-gaap Net Income Loss
NetIncomeLoss
-2000000 usd
us-gaap Net Income Loss
NetIncomeLoss
153000000 usd
CY2024Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
18000000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
60000000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
70000000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
79000000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
84000000 usd
CY2024Q2 hgv Purchase Obligation Due After Fourth Year
PurchaseObligationDueAfterFourthYear
200000000 usd
CY2024Q2 us-gaap Purchase Obligation
PurchaseObligation
511000000 usd
CY2024Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
7000000 usd
CY2024Q1 hgv Insurance Deductible Expense
InsuranceDeductibleExpense
54000000 usd
CY2024Q2 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
13000000 usd

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0001628280-24-036019.txt Edgar Link pending
0001628280-24-036019-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hgv-20240630.htm Edgar Link pending
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