$VAC
MARRIOTT VACATIONS WORLDWIDE Corp

2015 Q1 Form 10-Q Financial Statement

#000119312516561832 Filed on April 28, 2016

View on sec.gov

Income Statement

Concept 2015 Q1
Revenue $449.9M
YoY Change 11.93%
Cost Of Revenue $239.0M
YoY Change -5.91%
Gross Profit $272.0M
YoY Change -0.37%
Gross Profit Margin 60.46%
Selling, General & Admin $102.8M
YoY Change 10.45%
% of Gross Profit 37.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.065M
YoY Change -12.73%
% of Gross Profit 1.49%
Operating Expenses $102.8M
YoY Change 10.45%
Operating Profit $169.2M
YoY Change -5.96%
Interest Expense -$2.974M
YoY Change -77.12%
% of Operating Profit -1.76%
Other Income/Expense, Net $3.000M
YoY Change
Pretax Income $57.34M
YoY Change 78.8%
Income Tax $23.29M
% Of Pretax Income 40.61%
Net Earnings $34.05M
YoY Change 76.37%
Net Earnings / Revenue 7.57%
Basic Earnings Per Share $1.05
Diluted Earnings Per Share $1.03
COMMON SHARES
Basic Shares Outstanding 32.30M shares
Diluted Shares Outstanding 33.01M shares

Balance Sheet

Concept 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $346.5M
YoY Change 73.25%
Cash & Equivalents $346.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $772.8M
Prepaid Expenses
Receivables $109.7M
Other Receivables $0.00
Total Short-Term Assets $1.229B
YoY Change 4.24%
LONG-TERM ASSETS
Property, Plant & Equipment $147.4M
YoY Change -41.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $978.0K
YoY Change
Other Assets $109.9M
YoY Change 27.79%
Total Long-Term Assets $1.302B
YoY Change -10.42%
TOTAL ASSETS
Total Short-Term Assets $1.229B
Total Long-Term Assets $1.302B
Total Assets $2.531B
YoY Change -3.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $114.1M
YoY Change -11.55%
Accrued Expenses $259.0M
YoY Change -3.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $411.9M
YoY Change -0.75%
LONG-TERM LIABILITIES
Long-Term Debt $741.8M
YoY Change 3.31%
Other Long-Term Liabilities $218.2M
YoY Change -5.13%
Total Long-Term Liabilities $960.0M
YoY Change 1.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $411.9M
Total Long-Term Liabilities $960.0M
Total Liabilities $1.451B
YoY Change 1.96%
SHAREHOLDERS EQUITY
Retained Earnings $153.7M
YoY Change 87.48%
Common Stock $1.138B
YoY Change 0.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $229.2M
YoY Change 781.65%
Treasury Stock Shares 3.997M shares
Shareholders Equity $1.080B
YoY Change
Total Liabilities & Shareholders Equity $2.531B
YoY Change -3.85%

Cashflow Statement

Concept 2015 Q1
OPERATING ACTIVITIES
Net Income $34.05M
YoY Change 76.37%
Depreciation, Depletion And Amortization $4.065M
YoY Change -12.73%
Cash From Operating Activities $85.00M
YoY Change 77.08%
INVESTING ACTIVITIES
Capital Expenditures $10.56M
YoY Change 900.19%
Acquisitions
YoY Change
Other Investing Activities $4.000M
YoY Change -119.05%
Cash From Investing Activities -$3.000M
YoY Change -109.09%
FINANCING ACTIVITIES
Cash Dividend Paid $8.081M
YoY Change
Common Stock Issuance & Retirement, Net $51.28M
YoY Change 36.98%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 120.0M
YoY Change -198.36%
NET CHANGE
Cash From Operating Activities 85.00M
Cash From Investing Activities -3.000M
Cash From Financing Activities 120.0M
Net Change In Cash 202.0M
YoY Change -592.68%
FREE CASH FLOW
Cash From Operating Activities $85.00M
Capital Expenditures $10.56M
Free Cash Flow $74.44M
YoY Change 58.57%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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InterestOnNotesReceivable
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P6Y3M
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VAC
CY2016Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001524358
CY2016Q1 dei Document Period End Date
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2016-03-25
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0.000 pure
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0.0141 pure
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0.195 pure
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MARRIOTT VACATIONS WORLDWIDE Corp
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0.125 pure
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0.84
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0.3160 pure
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WeightedAverageNumberOfDilutedSharesOutstanding
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0.82
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0196 pure
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5285000
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40165000
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303000
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Revenues
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3864000
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CapitalLeaseObligationsIncurred
7221000
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-21000
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GainLossRelatedToLitigationSettlement
303000
CY2016Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1982000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2016Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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1147000
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2016Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
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530000
CY2016Q1 us-gaap Increase Decrease In Employee Related Liabilities
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Depreciation
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CY2016Q1 us-gaap Dividends
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CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2016Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
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ProceedsFromIssuanceOfSecuredDebt
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CostOfReimbursableExpense
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CY2016Q1 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
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CY2016Q1 us-gaap Increase Decrease In Other Operating Liabilities
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39399000
CY2016Q1 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
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CY2016Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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RoyaltyExpense
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CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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4700000
CY2016Q1 vac Period End Date
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CY2016Q1 vac Resort Management And Other Services Revenue
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CY2016Q1 vac Number Of Notes Receivable Pools Under Performance Triggers
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0 Loan
CY2016Q1 vac Resort Management And Other Services Expenses
ResortManagementAndOtherServicesExpenses
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CY2016Q1 vac Noncash Income Tax Expense Benefit
NoncashIncomeTaxExpenseBenefit
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CY2016Q1 vac Financing Receivable Average Investment Nonaccrual Loans
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CY2016Q1 vac Interest On Notes Receivable
InterestOnNotesReceivable
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CY2016Q1 vac Past Due Loan Suspend Accrual Of Interest Period
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P90D
CY2016Q1 vac Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
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375000 shares
CY2016Q1 vac Number Of Sources Of Revenues
NumberOfSourcesOfRevenues
4 Line
CY2016Q1 vac Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
142000 shares
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1.00 pure
CY2016Q1 vac Loan Payments Delinquency Period Beyond Which Loan Is Considered Defaulted
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P150D
CY2016Q1 vac Past Due Period
PastDuePeriod
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CY2016Q1 vac Rental Expenses
RentalExpenses
64660000
CY2016Q1 vac Rental Revenue
RentalRevenue
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CY2016Q1 vac Transfer Of Property And Equipment To From Inventory
TransferOfPropertyAndEquipmentToFromInventory
27300000
CY2016Q1 vac Other Transaction Related Expenses Income
OtherTransactionRelatedExpensesIncome
2542000
CY2016Q1 vac Non Cash Transfer Assets Held For Sale
NonCashTransferAssetsHeldForSale
45201000

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