$VAC
MARRIOTT VACATIONS WORLDWIDE Corp

2012 Q4 Form 10-Q Financial Statement

#000119312512426822 Filed on October 18, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $499.0M $383.0M $378.0M
YoY Change 3.1% 1.32% 5.0%
Cost Of Revenue $519.0M $362.0M $684.0M
YoY Change 13.07% -47.08% 277.9%
Gross Profit -$20.00M $21.00M -$306.0M
YoY Change -180.0% -106.86% -270.95%
Gross Profit Margin -4.01% 5.48% -80.95%
Selling, General & Admin $212.0M $99.00M $99.00M
YoY Change -2.3% 0.0% -26.67%
% of Gross Profit 471.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.000M $7.000M $7.000M
YoY Change -10.0% 0.0% -12.5%
% of Gross Profit 33.33%
Operating Expenses $212.0M $99.00M $99.00M
YoY Change -2.3% 0.0% -26.67%
Operating Profit -$232.0M -$78.00M -$405.0M
YoY Change 20.83% -80.74% -1020.45%
Interest Expense -$14.00M $15.00M $10.00M
YoY Change -6.67% 50.0% -171.43%
% of Operating Profit
Other Income/Expense, Net $9.000M $0.00
YoY Change
Pretax Income -$11.00M $16.00M -$302.0M
YoY Change -140.74% -105.3% -1106.67%
Income Tax $1.000M $11.00M -$81.00M
% Of Pretax Income 68.75%
Net Earnings -$7.000M $5.000M -$221.0M
YoY Change -187.5% -102.26% -1263.16%
Net Earnings / Revenue -1.4% 1.31% -58.47%
Basic Earnings Per Share -$0.22 $0.13 -$6.57
Diluted Earnings Per Share -$0.22 $0.12 -$6.57
COMMON SHARES
Basic Shares Outstanding 34.52M shares 34.40M shares 33.70M shares
Diluted Shares Outstanding 36.20M shares 33.70M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $103.0M $212.0M $25.00M
YoY Change -6.36% 748.0%
Cash & Equivalents $102.9M $212.0M $25.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $888.0M $897.0M $1.014B
Prepaid Expenses
Receivables $100.0M $121.0M $95.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.091B $1.230B $1.134B
YoY Change -7.07% 8.47%
LONG-TERM ASSETS
Property, Plant & Equipment $261.0M $272.0M $291.0M
YoY Change -8.42% -6.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $68.00M $72.00M $468.0M
YoY Change -16.05% -84.62%
Total Long-Term Assets $1.522B $1.516B $2.031B
YoY Change -8.92% -25.36%
TOTAL ASSETS
Total Short-Term Assets $1.091B $1.230B $1.134B
Total Long-Term Assets $1.522B $1.516B $2.031B
Total Assets $2.613B $2.746B $3.165B
YoY Change -8.15% -13.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $113.0M $79.00M $67.00M
YoY Change -22.07% 17.91%
Accrued Expenses $263.0M $219.0M $189.0M
YoY Change 49.43% 15.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $793.0M $833.0M
YoY Change -100.0% -4.8%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $408.0M $1.140B $1.137B
YoY Change -66.0% 0.26%
LONG-TERM LIABILITIES
Long-Term Debt $718.0M $40.00M $0.00
YoY Change 1695.0%
Other Long-Term Liabilities $306.0M $414.0M $380.0M
YoY Change -35.17% 8.95%
Total Long-Term Liabilities $1.024B $454.0M $380.0M
YoY Change 100.0% 19.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $408.0M $1.140B $1.137B
Total Long-Term Liabilities $1.024B $454.0M $380.0M
Total Liabilities $1.474B $1.594B $1.517B
YoY Change -13.85% 5.08%
SHAREHOLDERS EQUITY
Retained Earnings $2.000M $21.00M
YoY Change -200.0%
Common Stock $1.116B $1.113B
YoY Change -0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity $1.138B $1.152B $1.648B
YoY Change
Total Liabilities & Shareholders Equity $2.613B $2.746B $3.165B
YoY Change -8.15% -13.24%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$7.000M $5.000M -$221.0M
YoY Change -187.5% -102.26% -1263.16%
Depreciation, Depletion And Amortization $9.000M $7.000M $7.000M
YoY Change -10.0% 0.0% -12.5%
Cash From Operating Activities $5.000M $52.00M $88.00M
YoY Change -93.15% -40.91% -34.81%
INVESTING ACTIVITIES
Capital Expenditures -$6.000M -$4.000M -$3.000M
YoY Change 50.0% 33.33% -40.0%
Acquisitions
YoY Change
Other Investing Activities $8.000M $0.00 $30.00M
YoY Change 166.67% -100.0%
Cash From Investing Activities $2.000M -$4.000M $27.00M
YoY Change -300.0% -114.81% -640.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -116.0M 80.00M -115.0M
YoY Change -992.31% -169.57% -3.36%
NET CHANGE
Cash From Operating Activities 5.000M 52.00M 88.00M
Cash From Investing Activities 2.000M -4.000M 27.00M
Cash From Financing Activities -116.0M 80.00M -115.0M
Net Change In Cash -109.0M 128.0M 0.000
YoY Change -228.24% -100.0%
FREE CASH FLOW
Cash From Operating Activities $5.000M $52.00M $88.00M
Capital Expenditures -$6.000M -$4.000M -$3.000M
Free Cash Flow $11.00M $56.00M $91.00M
YoY Change -85.71% -38.46% -35.0%

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Files In Submission

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