$VAC
MARRIOTT VACATIONS WORLDWIDE Corp

2015 Q2 Form 10-Q Financial Statement

#000119312515260792 Filed on July 23, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $419.1M $409.9M
YoY Change 2.25% -2.64%
Cost Of Revenue $189.1M $188.0M
YoY Change 0.59% -49.6%
Gross Profit $233.7M $221.9M
YoY Change 5.32% 362.29%
Gross Profit Margin 55.76% 54.13%
Selling, General & Admin $100.0M $95.38M
YoY Change 4.87% -0.65%
% of Gross Profit 42.8% 42.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.500M $4.200M
YoY Change 7.14% -16.0%
% of Gross Profit 1.93% 1.89%
Operating Expenses $100.0M $95.38M
YoY Change 4.87% -0.65%
Operating Profit $133.7M $126.5M
YoY Change 5.65% -363.58%
Interest Expense -$3.009M -$8.200M
YoY Change -63.3% -174.55%
% of Operating Profit -2.25% -6.48%
Other Income/Expense, Net $7.400M $400.0K
YoY Change 1750.0%
Pretax Income $57.44M $57.65M
YoY Change -0.35% 31.02%
Income Tax $23.40M $22.34M
% Of Pretax Income 40.74% 38.76%
Net Earnings $34.04M $35.30M
YoY Change -3.57% 17.68%
Net Earnings / Revenue 8.12% 8.61%
Basic Earnings Per Share $1.07 $1.03
Diluted Earnings Per Share $1.05 $1.00
COMMON SHARES
Basic Shares Outstanding 31.86M shares 34.29M shares
Diluted Shares Outstanding 32.52M shares 35.24M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $250.9M $170.0M
YoY Change 47.59% 63.46%
Cash & Equivalents $250.9M $169.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $704.7M $826.0M
Prepaid Expenses
Receivables $116.5M $121.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.072B $1.117B
YoY Change -4.02% 4.0%
LONG-TERM ASSETS
Property, Plant & Equipment $188.7M $215.0M
YoY Change -12.23% -14.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $65.60M $42.00M
YoY Change 56.19% -34.38%
Total Long-Term Assets $1.251B $1.293B
YoY Change -3.24% -10.02%
TOTAL ASSETS
Total Short-Term Assets $1.072B $1.117B
Total Long-Term Assets $1.251B $1.293B
Total Assets $2.323B $2.410B
YoY Change -3.6% -4.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $80.50M $75.00M
YoY Change 7.33% -7.41%
Accrued Expenses $211.8M $235.0M
YoY Change -9.87% 3.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $325.1M $329.0M
YoY Change -1.19% 0.3%
LONG-TERM LIABILITIES
Long-Term Debt $600.0M $610.0M
YoY Change -1.64% -11.21%
Other Long-Term Liabilities $240.7M $239.0M
YoY Change 0.71% -9.81%
Total Long-Term Liabilities $840.7M $849.0M
YoY Change -0.98% -10.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $325.1M $329.0M
Total Long-Term Liabilities $840.7M $849.0M
Total Liabilities $1.263B $1.236B
YoY Change 2.15% -6.43%
SHAREHOLDERS EQUITY
Retained Earnings $205.8M $137.0M
YoY Change 50.24% 168.63%
Common Stock $1.136B $1.129B
YoY Change 0.58% 0.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $295.5M $115.0M
YoY Change 156.93%
Treasury Stock Shares 4.814M shares 2.175M shares
Shareholders Equity $1.061B $1.174B
YoY Change
Total Liabilities & Shareholders Equity $2.323B $2.410B
YoY Change -3.6% -4.02%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $34.04M $35.30M
YoY Change -3.57% 17.68%
Depreciation, Depletion And Amortization $4.500M $4.200M
YoY Change 7.14% -16.0%
Cash From Operating Activities $46.60M $49.90M
YoY Change -6.61% 10.89%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$1.900M
YoY Change 168.42% -52.5%
Acquisitions
YoY Change
Other Investing Activities $16.80M $42.70M
YoY Change -60.66% -337.22%
Cash From Investing Activities $11.70M $40.80M
YoY Change -71.32% -285.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -79.80M -80.10M
YoY Change -0.37% 110.79%
NET CHANGE
Cash From Operating Activities 46.60M 49.90M
Cash From Investing Activities 11.70M 40.80M
Cash From Financing Activities -79.80M -80.10M
Net Change In Cash -21.50M 10.60M
YoY Change -302.83% -170.67%
FREE CASH FLOW
Cash From Operating Activities $46.60M $49.90M
Capital Expenditures -$5.100M -$1.900M
Free Cash Flow $51.70M $51.80M
YoY Change -0.19% 5.71%

Facts In Submission

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