$VAC
Marriott Vacations Worldwide Corp

2013 Q4 Form 10-Q Financial Statement

#000119312513396232 Filed on October 10, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $412.0M $383.0M
YoY Change 7.57% 1.32%
Cost Of Revenue $370.0M $362.0M
YoY Change 2.21% -47.08%
Gross Profit $42.00M $21.00M
YoY Change 100.0% -106.86%
Gross Profit Margin 10.19% 5.48%
Selling, General & Admin $95.00M $99.00M
YoY Change -4.04% 0.0%
% of Gross Profit 226.19% 471.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.000M $7.000M
YoY Change -28.57% 0.0%
% of Gross Profit 11.9% 33.33%
Operating Expenses $95.00M $99.00M
YoY Change -4.04% 0.0%
Operating Profit -$53.00M -$78.00M
YoY Change -32.05% -80.74%
Interest Expense -$9.000M $15.00M
YoY Change -160.0% 50.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income $40.00M $16.00M
YoY Change 150.0% -105.3%
Income Tax $15.00M $11.00M
% Of Pretax Income 37.5% 68.75%
Net Earnings $25.00M $5.000M
YoY Change 400.0% -102.26%
Net Earnings / Revenue 6.07% 1.31%
Basic Earnings Per Share $0.70 $0.13
Diluted Earnings Per Share $0.67 $0.12
COMMON SHARES
Basic Shares Outstanding 35.43M shares 35.50M shares 34.40M shares
Diluted Shares Outstanding 36.70M shares 36.20M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $288.0M $212.0M
YoY Change 35.85% 748.0%
Cash & Equivalents $288.0M $212.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $859.0M $897.0M
Prepaid Expenses
Receivables $117.0M $121.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.264B $1.230B
YoY Change 2.76% 8.47%
LONG-TERM ASSETS
Property, Plant & Equipment $250.0M $272.0M
YoY Change -8.09% -6.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $65.00M $72.00M
YoY Change -9.72% -84.62%
Total Long-Term Assets $1.396B $1.516B
YoY Change -7.92% -25.36%
TOTAL ASSETS
Total Short-Term Assets $1.264B $1.230B
Total Long-Term Assets $1.396B $1.516B
Total Assets $2.660B $2.746B
YoY Change -3.13% -13.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $94.00M $79.00M
YoY Change 18.99% 17.91%
Accrued Expenses $229.0M $219.0M
YoY Change 4.57% 15.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $793.0M
YoY Change -100.0% -4.8%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $342.0M $1.140B
YoY Change -70.0% 0.26%
LONG-TERM LIABILITIES
Long-Term Debt $791.0M $40.00M
YoY Change 1877.5%
Other Long-Term Liabilities $243.0M $414.0M
YoY Change -41.3% 8.95%
Total Long-Term Liabilities $1.034B $454.0M
YoY Change 127.75% 19.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $342.0M $1.140B
Total Long-Term Liabilities $1.034B $454.0M
Total Liabilities $1.442B $1.594B
YoY Change -9.54% 5.08%
SHAREHOLDERS EQUITY
Retained Earnings $76.00M $21.00M
YoY Change 261.9%
Common Stock $1.122B $1.113B
YoY Change 0.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.218B $1.152B
YoY Change
Total Liabilities & Shareholders Equity $2.660B $2.746B
YoY Change -3.13% -13.24%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $25.00M $5.000M
YoY Change 400.0% -102.26%
Depreciation, Depletion And Amortization $5.000M $7.000M
YoY Change -28.57% 0.0%
Cash From Operating Activities $89.00M $52.00M
YoY Change 71.15% -40.91%
INVESTING ACTIVITIES
Capital Expenditures -$4.000M -$4.000M
YoY Change 0.0% 33.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$4.000M -$4.000M
YoY Change 0.0% -114.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 99.00M 80.00M
YoY Change 23.75% -169.57%
NET CHANGE
Cash From Operating Activities 89.00M 52.00M
Cash From Investing Activities -4.000M -4.000M
Cash From Financing Activities 99.00M 80.00M
Net Change In Cash 184.0M 128.0M
YoY Change 43.75%
FREE CASH FLOW
Cash From Operating Activities $89.00M $52.00M
Capital Expenditures -$4.000M -$4.000M
Free Cash Flow $93.00M $56.00M
YoY Change 66.07% -38.46%

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dei Trading Symbol
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dei Entity Registrant Name
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MARRIOTT VACATIONS WORLDWIDE CORPORATION
dei Amendment Flag
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dei Entity Filer Category
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dei Document Fiscal Year Focus
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dei Document Type
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dei Document Period End Date
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2013-09-06
dei Entity Central Index Key
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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Files In Submission

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