MARRIOTT VACATIONS WORLDWIDE CorpVAC

時価総額

$18億

PER

バケーション所有権と交換サービスの最大手。ポイント制商品と交換ネットワークを展開。2011年の単独上場、2022年バリ88ユニット買収、2024年ワイキキ38ユニット買収で買収。北米中心にアジア太平洋・欧州で展開。

	2011年 12月30日	2012年 12月28日	2014年 1月3日	2015年 1月2日	2016年 1月1日	2016年 12月30日	2017年 12月31日	2018年 12月31日	2019年 12月31日	2020年 12月31日	2021年 12月31日	2022年 12月31日	2023年 12月31日	2024年 12月31日
Net income (loss)	-178	-	-	-	-	-	-	52	142	-256	53	391	252	217
Depreciation and amortization of intangibles	-	-	-	-	-	-	-	-	-	-	-	-	135	146
Amortization of debt discount and issuance costs	-	-	-	-	-	-	10	16	19	22	56	25	23	26
Vacation ownership notes receivable reserve	-	-	-	-	-	-	-	-	-	-	-	-	230	279
Share-based compensation	11	12	12	13	14	14	16	29	33	36	51	39	31	33
Impairment	-	-	-	-	-	-	-	-	-	-	-	-	30	30
Gains and other income, net	-	-	-	-	-	-	6	-	-	-	-	48	6	5
Deferred income taxes	-	-	18	19	28	39	-66	54	5	-38	34	87	-64	38
Accounts and contracts receivable	3	3	8	1	24	30	-6	38	-69	-21	-	45	105	16
Vacation ownership notes receivable originations	-	-	-	-	-311	-357	-467	-630	-817	-377	-750	-980	-987	-1,015
Vacation ownership notes receivable collections	-	-	-	-	-270	-254	-271	-386	-493	-620	-686	-642	-596	-632
Inventory	-113	-68	-34	-82	-72	-4	-43	-9	-65	-18	-61	-104	-87	33
Other assets	24	-24	7	-9	11	-11	21	-21	-24	-44	46	49	44	23
Accounts payable, advance deposits and accrued liabilities	48	21	-16	-11	23	-20	51	26	17	-146	42	112	1	9
Deferred revenue	-	-	-	-	-	-	-	35	10	59	88	-9	34	-27
Payroll and benefit liabilities	-25	27	-	9	11	-7	16	-8	-25	-29	35	53	-46	16
Deferred compensation liability	1	-2	-8	5	9	12	12	10	18	17	22	13	15	11
Other liabilities	-	-5	-3	-3	1	2	-0	-	23	-	27	-38	78	-109
Deconsolidation of certain Consolidated Property Owners' Associations	-	-	-	-	-	-	-	-	-	-	168	48	-	-
Purchase of property for future transfer to inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	10
Other, net	-	1	2	2	5	-1	5	4	-8	-	-	3	-1	6
Net cash, cash equivalents, and restricted cash provided by operating activities	321	163	162	291	-	-	142	97	382	299	343	522	232	205
Proceeds from Divestiture of Businesses, Net of Cash Divested	-	-	-	-	-	-	-	-	-	-	-	94	-	-
Capital expenditures for property and equipment (excluding inventory)	15	17	22	15	36	35	26	40	46	41	47	65	118	57
Issuance of note receivable to VIE	-	-	-	-	-	-	-	-	-	-	-	47	-	-
Proceeds from Collection of Notes Receivable	20	-	-	-	-	-	-	-	38	-	-	-	-	-
Purchase of company owned life insurance	-	-	-	-	-	-	12	14	6	6	14	18	10	16
Purchase and development of property for future sale	-	-	-	-	-	-	-	-	-	-	-	-	-	50
Dispositions, net	-	-	3	82	21	69	0	-	-	15	3	3	16	8
Other, net	-	-	-	-	-	-	-	-	-	-	-2	-2	-	-
Net cash, cash equivalents, and restricted cash (used in) provided by investing activities	9	3	-36	43	-	-	-38	-1,407	37	-32	-213	16	-112	-115
Proceeds from Issuance of Secured Debt	125	238	361	263	255	377	400	539	1,026	690	957	1,031	1,492	1,324
Repayment of debt related to securitization transactions	295	411	361	230	278	323	293	382	880	960	868	945	1,331	1,282
Proceeds from debt	-	-	-	-	-	-	-	1,690	935	1,166	1,111	1,266	1,070	2,135
Repayments of debt	-	-	-	-	-	-	-	215	820	705	1,339	935	1,221	2,107
Purchase of convertible note hedges	-	-	-	-	-	-	33	-	-	-	100	107	-	-
Proceeds from issuance of warrants	-	-	-	-	-	-	20	-	-	-	70	43	-	-
Finance lease incentive	-	-	-	-	-	-	-	-	-	-	-	-	10	-
Finance lease payment	-	-	-	-	-	-	-	-	12	11	5	4	5	6
Payment of debt and securitized debt issuance costs	10	7	5	7	5	4	15	34	20	14	22	15	12	25
Repurchase of common stock	-	-	26	203	201	178	88	96	465	82	78	701	286	56
Payment of dividends	-	-	-	8	24	34	38	51	81	45	23	99	106	107
Payment of withholding taxes on vesting of restricted stock units	-	4	5	8	11	4	11	18	15	16	20	23	12	8
Net cash, cash equivalents, and restricted cash used in financing activities	-246	-172	-29	-185	-	-	171	1,433	-331	23	-317	-486	-401	-132
Effect of changes in exchange rates on cash, cash equivalents, and restricted cash	-	-	-	-	-	-	3	-	-1	1	-2	-1	1	-4
Change in cash, cash equivalents, and restricted cash	-	-	-	-	-	-	278	123	87	291	-189	51	-280	-46
Issuance of Debt in Connection with Asset Acquisition	-	-	-	-	-	-	-	-	-	-	-	11	-	-
Transfer From Inventory To Property And Equipment	-	-	-	-	-	-	-	-	-	-	105	47	12	21
Transfer From Property And Equipment To Inventory	-	-	-	-	-	-	-	-	71	74	2	13	57	93
Non-cash transfer from property and equipment to other assets	-	-	-	-	-	-	-	-	-	-	-	-	-	52
Transfer From Other Assets To Property And Equipment	-	-	-	-	-	-	-	-	-	-	22	14	-	-
Stock Issued	-	-	-	-	1	1	-	2,505	2	2	3	5	5	5
Interest paid, net of amounts capitalized	-	-	-	-	-	-	-	55	167	176	184	149	204	247
Income Taxes Paid, Net	-	-	-	-	-	-	-	41	53	-32	-13	57	141	133