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10-Q Filing

MARRIOTT VACATIONS WORLDWIDE CORP CIK: 1524358 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001524358-21-000023
Period End Date 20210331
Filing Date 20210507
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance vac-20210331_htm.xml
Balance Sheet 94 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $643.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $524.00M USD Point-in-time
Restricted cash (including $73 and $68 from VIEs, respectively) RestrictedCashAndCashEquivalents $535.00M USD Point-in-time
Restricted cash (including $73 and $68 from VIEs, respectively) RestrictedCashAndCashEquivalents $468.00M USD Point-in-time
Accounts receivable, net (including $10 and $11 from VIEs, respectively) AccountsReceivableIncludingVariableInterestEntitiesAfterAllowanceforCreditLoss $219.00M USD Point-in-time
Accounts receivable, net (including $10 and $11 from VIEs, respectively) AccountsReceivableIncludingVariableInterestEntitiesAfterAllowanceforCreditLoss $276.00M USD Point-in-time
Vacation ownership notes receivable, net (including $1,338 and $1,493 from VIEs, respectively) NotesReceivableNet $1.84B USD Point-in-time
Vacation ownership notes receivable, net (including $1,338 and $1,493 from VIEs, respectively) NotesReceivableNet $1.77B USD Point-in-time
Inventory InventoryTimeshare $759.00M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $468.00M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $535.00M USD Point-in-time
Inventory InventoryTimeshare $785.00M USD Point-in-time
Accounts Receivable, including VIE, after allowance for credit loss AccountsReceivableIncludingVariableInterestEntitiesAfterAllowanceforCreditLoss $219.00M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $887.00M USD Point-in-time
Accounts Receivable, including VIE, after allowance for credit loss AccountsReceivableIncludingVariableInterestEntitiesAfterAllowanceforCreditLoss $276.00M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $791.00M USD Point-in-time
Goodwill Goodwill $2.82B USD Point-in-time
Vacation ownership notes receivable, net NotesReceivableNet $1.84B USD Point-in-time
Goodwill Goodwill $2.82B USD Point-in-time
Vacation ownership notes receivable, net NotesReceivableNet $1.77B USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $938.00M USD Point-in-time
Other Assets OtherAssets $594.00M USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $952.00M USD Point-in-time
Other Assets OtherAssets $471.00M USD Point-in-time
Accrued Liabilities AccruedLiabilitiesCurrentAndNoncurrent $349.00M USD Point-in-time
Other (including $56 and $54 from VIEs, respectively) OtherAssets $471.00M USD Point-in-time
Accrued Liabilities AccruedLiabilitiesCurrentAndNoncurrent $345.00M USD Point-in-time
Other (including $56 and $54 from VIEs, respectively) OtherAssets $594.00M USD Point-in-time
TOTAL ASSETS Assets $8.90B USD Point-in-time
Securitized Debt SecuredDebt $1.59B USD Point-in-time
Securitized Debt SecuredDebt $1.43B USD Point-in-time
TOTAL ASSETS Assets $9.19B USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 2.00M shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 2.00M shares Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $209.00M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $159.00M USD Point-in-time
Advance deposits ContractWithCustomerLiabilityAdvanceDeposits $147.00M USD Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Advance deposits ContractWithCustomerLiabilityAdvanceDeposits $167.00M USD Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Accrued liabilities (including $1 and $1 from VIEs, respectively) AccruedLiabilitiesCurrentAndNoncurrent $349.00M USD Point-in-time
Accrued liabilities (including $1 and $1 from VIEs, respectively) AccruedLiabilitiesCurrentAndNoncurrent $345.00M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityDeferredRevenue $524.00M USD Point-in-time
Common stock, par (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityDeferredRevenue $488.00M USD Point-in-time
Common stock, par (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Payroll and benefits liability EmployeeRelatedLiabilitiesCurrentAndNoncurrent $157.00M USD Point-in-time
Payroll and benefits liability EmployeeRelatedLiabilitiesCurrentAndNoncurrent $188.00M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 75.45M shares Point-in-time
Deferred compensation liability DeferredCompensationLiabilityCurrentAndNoncurrent $127.00M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 75.28M shares Point-in-time
Deferred compensation liability DeferredCompensationLiabilityCurrentAndNoncurrent $124.00M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 34.18M shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 34.18M shares Point-in-time
Securitized debt, net (including $1,446 and $1,604 from VIEs, respectively) SecuredDebt $1.43B USD Point-in-time
Securitized debt, net (including $1,446 and $1,604 from VIEs, respectively) SecuredDebt $1.59B USD Point-in-time
Debt, net DebtAndFinanceLeaseObligationsNet $2.68B USD Point-in-time
Debt, net DebtAndFinanceLeaseObligationsNet $3.02B USD Point-in-time
Other OtherLiabilities $197.00M USD Point-in-time
Other OtherLiabilities $200.00M USD Point-in-time
Deferred taxes DeferredIncomeTaxLiabilitiesNet $274.00M USD Point-in-time
Deferred taxes DeferredIncomeTaxLiabilitiesNet $286.00M USD Point-in-time
TOTAL LIABILITIES Liabilities $6.22B USD Point-in-time
TOTAL LIABILITIES Liabilities $6.45B USD Point-in-time
Contingencies and Commitments (Note 11) CommitmentsAndContingencies - USD Point-in-time
Contingencies and Commitments (Note 11) CommitmentsAndContingencies - USD Point-in-time
Preferred stock $0.01 par value; 2,000,000 shares authorized; none issued or outstanding PreferredStockValue - USD Point-in-time
Preferred stock $0.01 par value; 2,000,000 shares authorized; none issued or outstanding PreferredStockValue - USD Point-in-time
Common stock $0.01 par value; 100,000,000 shares authorized; 75,454,906 and 75,279,061 shares issued, respectively CommonStockValue $1.00M USD Point-in-time
Common stock $0.01 par value; 100,000,000 shares authorized; 75,454,906 and 75,279,061 shares issued, respectively CommonStockValue $1.00M USD Point-in-time
Treasury stock at cost; 34,182,278 and 34,184,813 shares, respectively TreasuryStockValue $1.33B USD Point-in-time
Treasury stock at cost; 34,182,278 and 34,184,813 shares, respectively TreasuryStockValue $1.33B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $3.76B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $3.84B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-48.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-45.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $272.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $244.00M USD Point-in-time
TOTAL MVW SHAREHOLDERS' EQUITY StockholdersEquity $2.71B USD Point-in-time
TOTAL MVW SHAREHOLDERS' EQUITY StockholdersEquity $2.65B USD Point-in-time
Noncontrolling interests MinorityInterest $31.00M USD Point-in-time
Noncontrolling interests MinorityInterest $29.00M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.74B USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.68B USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.03B USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.77B USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $9.19B USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $8.90B USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Revenue from contracts with customers RevenueFromContractWithCustomerExcludingAssessedTax $700.00M USD 1 Quarter
Revenue from contracts with customers RevenueFromContractWithCustomerExcludingAssessedTax $938.00M USD 1 Quarter
Financing FinancingRevenueNotFromContractWithCustomer $72.00M USD 1 Quarter
Financing FinancingRevenueNotFromContractWithCustomer $59.00M USD 1 Quarter
Cost reimbursements RevenuesCostReimbursement $318.00M USD 1 Quarter
Cost reimbursements RevenuesCostReimbursement $255.00M USD 1 Quarter
TOTAL REVENUES Revenues $1.01B USD 1 Quarter
TOTAL REVENUES Revenues $759.00M USD 1 Quarter
Marketing and sales SellingAndMarketingExpense $170.00M USD 1 Quarter
Marketing and sales SellingAndMarketingExpense $109.00M USD 1 Quarter
Financing FinancingExpenseNotFromContractWithCustomer $38.00M USD 1 Quarter
Financing FinancingExpenseNotFromContractWithCustomer $21.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $70.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $46.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $41.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $32.00M USD 1 Quarter
Litigation charges GainLossRelatedToLitigationSettlement $-3.00M USD 1 Quarter
Litigation charges GainLossRelatedToLitigationSettlement $-2.00M USD 1 Quarter
Royalty fee RoyaltyExpense $25.00M USD 1 Quarter
Royalty fee RoyaltyExpense $26.00M USD 1 Quarter
Impairment AssetImpairmentCharges - USD 1 Quarter
Impairment AssetImpairmentCharges $95.00M USD 1 Quarter
Cost reimbursements CostReimbursementsExpense $318.00M USD 1 Quarter
Cost reimbursements CostReimbursementsExpense $255.00M USD 1 Quarter
TOTAL EXPENSES CostsAndExpenses $1.06B USD 1 Quarter
TOTAL EXPENSES CostsAndExpenses $739.00M USD 1 Quarter
Gains (losses) and other income (expense), net GainsLossesAndOtherIncomeExpenseNet $6.00M USD 1 Quarter
Gains (losses) and other income (expense), net GainsLossesAndOtherIncomeExpenseNet $-56.00M USD 1 Quarter
Interest expense InterestIncomeExpenseNonoperatingNet $-43.00M USD 1 Quarter
Interest expense InterestIncomeExpenseNonoperatingNet $-33.00M USD 1 Quarter
Transaction costs BusinessCombinationAcquisitionRelatedCosts $19.00M USD 1 Quarter
Transaction costs BusinessCombinationAcquisitionRelatedCosts $24.00M USD 1 Quarter
LOSS BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS IncomeLossIncludingPortionAttributableToNoncontrollingInterest $-163.00M USD 1 Quarter
LOSS BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS IncomeLossIncludingPortionAttributableToNoncontrollingInterest $-36.00M USD 1 Quarter
Benefit from income taxes IncomeTaxExpenseBenefit $-11.00M USD 1 Quarter
Benefit from income taxes IncomeTaxExpenseBenefit $-58.00M USD 1 Quarter
NET LOSS ProfitLoss $-105.00M USD 1 Quarter
NET LOSS ProfitLoss $-25.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-106.00M USD 1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-28.00M USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $-2.56 USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $-0.68 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $-0.68 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $-2.56 USD 1 Quarter
CASH DIVIDENDS DECLARED PER SHARE (in usd per share) CommonStockDividendsPerShareDeclared $0.54 USD 1 Quarter
CASH DIVIDENDS DECLARED PER SHARE (in usd per share) CommonStockDividendsPerShareDeclared - USD 1 Quarter
Cash Flow Statement 94 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-105.00M USD 1 Quarter
Net loss ProfitLoss $-25.00M USD 1 Quarter
Depreciation and amortization of intangibles DepreciationAndAmortization $41.00M USD 1 Quarter
Depreciation and amortization of intangibles DepreciationAndAmortization $32.00M USD 1 Quarter
Amortization of debt discount and issuance costs AmortizationOfFinancingCostsAndDiscounts $5.00M USD 1 Quarter
Amortization of debt discount and issuance costs AmortizationOfFinancingCostsAndDiscounts $11.00M USD 1 Quarter
Vacation ownership notes receivable reserve ProvisionForLoanAndLeaseLosses $14.00M USD 1 Quarter
Vacation ownership notes receivable reserve ProvisionForLoanAndLeaseLosses $71.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $3.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $8.00M USD 1 Quarter
Impairment charges ImpairmentOfLongLivedAssetsToBeDisposedOf - USD 1 Quarter
Impairment charges ImpairmentOfLongLivedAssetsToBeDisposedOf $95.00M USD 1 Quarter
Deferred income taxes NoncashIncomeTaxExpenseBenefit $-10.00M USD 1 Quarter
Deferred income taxes NoncashIncomeTaxExpenseBenefit $15.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsAndOtherReceivables $-51.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsAndOtherReceivables $-45.00M USD 1 Quarter
Vacation ownership notes receivable originations IncreaseDecreaseInNotesReceivableOriginations $-108.00M USD 1 Quarter
Vacation ownership notes receivable originations IncreaseDecreaseInNotesReceivableOriginations $-174.00M USD 1 Quarter
Vacation ownership notes receivable collections IncreaseDecreaseInNotesReceivableCollections $-165.00M USD 1 Quarter
Vacation ownership notes receivable collections IncreaseDecreaseInNotesReceivableCollections $-174.00M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $8.00M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $26.00M USD 1 Quarter
Purchase of vacation ownership units for future transfer to inventory PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory $61.00M USD 1 Quarter
Purchase of vacation ownership units for future transfer to inventory PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory $99.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $83.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $138.00M USD 1 Quarter
Accounts payable, advance deposits and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-30.00M USD 1 Quarter
Accounts payable, advance deposits and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-184.00M USD 1 Quarter
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $107.00M USD 1 Quarter
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $102.00M USD 1 Quarter
Payroll and benefit liabilities IncreaseDecreaseInEmployeeRelatedLiabilities $31.00M USD 1 Quarter
Payroll and benefit liabilities IncreaseDecreaseInEmployeeRelatedLiabilities $-20.00M USD 1 Quarter
Deferred compensation liability IncreaseDecreaseInDeferredCompensation $-7.00M USD 1 Quarter
Deferred compensation liability IncreaseDecreaseInDeferredCompensation $-2.00M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-7.00M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $5.00M USD 1 Quarter
Deconsolidation of certain Consolidated Property Owners' Associations DeconsolidationGainOrLossAmount $71.00M USD 1 Quarter
Deconsolidation of certain Consolidated Property Owners' Associations DeconsolidationGainOrLossAmount - USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-4.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $5.00M USD 1 Quarter
Net cash, cash equivalents and restricted cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-122.00M USD 1 Quarter
Net cash, cash equivalents and restricted cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-60.00M USD 1 Quarter
Capital expenditures for property and equipment (excluding inventory) PaymentsToAcquirePropertyPlantAndEquipment $7.00M USD 1 Quarter
Capital expenditures for property and equipment (excluding inventory) PaymentsToAcquirePropertyPlantAndEquipment $17.00M USD 1 Quarter
Purchase of company owned life insurance PaymentsForProceedsFromLifeInsurancePolicies $4.00M USD 1 Quarter
Purchase of company owned life insurance PaymentsForProceedsFromLifeInsurancePolicies $1.00M USD 1 Quarter
Net cash, cash equivalents and restricted cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-21.00M USD 1 Quarter
Net cash, cash equivalents and restricted cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-8.00M USD 1 Quarter
Borrowings from securitization transactions ProceedsFromIssuanceOfSecuredDebt $202.00M USD 1 Quarter
Borrowings from securitization transactions ProceedsFromIssuanceOfSecuredDebt - USD 1 Quarter
Repayment of debt related to securitization transactions RepaymentsOfSecuredDebt $148.00M USD 1 Quarter
Repayment of debt related to securitization transactions RepaymentsOfSecuredDebt $159.00M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt $666.00M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt $561.00M USD 1 Quarter
Repayments of debt RepaymentsOfDebt $102.00M USD 1 Quarter
Repayments of debt RepaymentsOfDebt $100.00M USD 1 Quarter
Purchase of convertible note hedges PaymentsForHedgeFinancingActivities - USD 1 Quarter
Purchase of convertible note hedges PaymentsForHedgeFinancingActivities $100.00M USD 1 Quarter
Proceeds from issuance of warrants ProceedsFromIssuanceOfWarrants - USD 1 Quarter
Proceeds from issuance of warrants ProceedsFromIssuanceOfWarrants $70.00M USD 1 Quarter
Finance lease payment FinanceLeasePrincipalPayments - USD 1 Quarter
Finance lease payment FinanceLeasePrincipalPayments $9.00M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $2.00M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $82.00M USD 1 Quarter
Payment of dividends PaymentsOfDividends - USD 1 Quarter
Payment of dividends PaymentsOfDividends $45.00M USD 1 Quarter
Payment of withholding taxes on vesting of restricted stock units RestrictedStockValueSharesIssuedNetOfTaxWithholdings $15.00M USD 1 Quarter
Payment of withholding taxes on vesting of restricted stock units RestrictedStockValueSharesIssuedNetOfTaxWithholdings $14.00M USD 1 Quarter
Net cash, cash equivalents and restricted cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $255.00M USD 1 Quarter
Net cash, cash equivalents and restricted cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $468.00M USD 1 Quarter
Effect of changes in exchange rates on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-6.00M USD 1 Quarter
Effect of changes in exchange rates on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-1.00M USD 1 Quarter
Change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $186.00M USD 1 Quarter
Change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $319.00M USD 1 Quarter
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $701.00M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $992.00M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.18B USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.02B USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.02B USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.18B USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $701.00M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $992.00M USD Point-in-time
Non-cash transfer from property and equipment to inventory TransferFromPropertyAndEquipmentToInventory - USD 1 Quarter
Non-cash transfer from property and equipment to inventory TransferFromPropertyAndEquipmentToInventory $3.00M USD 1 Quarter
Non-cash transfer from inventory to property and equipment TransferFromInventoryToPropertyAndEquipment $65.00M USD 1 Quarter
Non-cash transfer from inventory to property and equipment TransferFromInventoryToPropertyAndEquipment $2.00M USD 1 Quarter
Non-cash issuance of treasury stock for employee stock purchase plan StockIssued1 - USD 1 Quarter
Non-cash issuance of treasury stock for employee stock purchase plan StockIssued1 $1.00M USD 1 Quarter
Interest paid, net of amounts capitalized InterestPaidNet $58.00M USD 1 Quarter
Interest paid, net of amounts capitalized InterestPaidNet $53.00M USD 1 Quarter
Income taxes paid, net of refunds IncomeTaxesPaidNet $4.00M USD 1 Quarter
Income taxes paid, net of refunds IncomeTaxesPaidNet $-30.00M USD 1 Quarter
Stockholders Equity 28 line items
Line Item Tag Value Unit Period
Beginning balance (in shares) CommonStockSharesIssued 75.45M shares Point-in-time
Beginning balance (in shares) CommonStockSharesIssued 75.28M shares Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.68B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.03B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.74B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.77B USD Point-in-time
Net (loss) income ProfitLoss $-105.00M USD 1 Quarter
Net (loss) income ProfitLoss $-25.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-3.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-17.00M USD 1 Quarter
Derivative instrument adjustment OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-24.00M USD 1 Quarter
Derivative instrument adjustment OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $6.00M USD 1 Quarter
Share-based compensation plans AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions $-4.00M USD 1 Quarter
Share-based compensation plans AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions $-9.00M USD 1 Quarter
Repurchase of common stock TreasuryStockValueAcquiredCostMethod $82.00M USD 1 Quarter
Dividends Dividends $22.00M USD 1 Quarter
Dividends Dividends - USD 1 Quarter
Equity component of convertible notes, net of issuance costs AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt $117.00M USD 1 Quarter
Purchase of convertible note hedges AdjustmentsToAdditionalPaidInCapitalPurchaseOfConvertibleNoteHedges $-100.00M USD 1 Quarter
Issuance of warrants StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants $70.00M USD 1 Quarter
Employee stock plan issuance StockIssuedDuringPeriodValueEmployeeStockPurchasePlan - USD 1 Quarter
Deconsolidation of certain Consolidated Property Owners' Associations NoncontrollingInterestDecreaseFromDeconsolidation $5.00M USD 1 Quarter
Ending balance (in shares) CommonStockSharesIssued 75.45M shares Point-in-time
Ending balance (in shares) CommonStockSharesIssued 75.28M shares Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.74B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.68B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.03B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.77B USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
NET LOSS ProfitLoss $-105.00M USD 1 Quarter
NET LOSS ProfitLoss $-25.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-3.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-17.00M USD 1 Quarter
Derivative instrument adjustment, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-24.00M USD 1 Quarter
Derivative instrument adjustment, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $6.00M USD 1 Quarter
OTHER COMPREHENSIVE GAIN (LOSS), NET OF TAX OtherComprehensiveIncomeLossNetOfTax $-41.00M USD 1 Quarter
OTHER COMPREHENSIVE GAIN (LOSS), NET OF TAX OtherComprehensiveIncomeLossNetOfTax $3.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Other comprehensive income attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Other comprehensive income attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS ComprehensiveIncomeNetOfTax $-147.00M USD 1 Quarter
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS ComprehensiveIncomeNetOfTax $-25.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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