Value20202021202220232024TTMSelling/general/admin expenses573 M844 M1.06 B1.1 B1.16 B1.19 BResearch & development——————Operating income2.33 B3.3 B4.03 B3.9 B4.13 B4.19 BNon-Operating Income, Total4 M170 M49 M3 M3 M0Interest expense, net of interest capitalized1 M1 M4 M11 M13 M—Non-Operating Income, excl. Interest Expenses-1 M167 M44 M-11 M-13 M0Unusual income/expense4 M2 M1 M3 M3 M0Pretax income340 M127 M582 M398 M306 M2.86 BEquity in earnings——————Taxes84 M74 M191 M146 M89 M83 MNon-controlling/minority interest19 M4 M02 M1 M0After tax other income/expense——————Net income before discontinued operations275 M49 M391 M254 M218 M177 MDiscontinued operations——————Net income275 M49 M391 M254 M218 M177 MDilution adjustment——————Preferred dividends——————Diluted net income available to common stockholders275 M49 M396 M273 M237 M192 MBasic earnings per share (Basic EPS)-6.651.159.696.966.164.93Diluted earnings per share (Diluted EPS)-6.651.138.776.285.614.45Average basic shares outstanding41.3 M42.5 M40.4 M36.5 M35.4 M140.3 MDiluted shares outstanding41.3 M43.3 M45.2 M43.5 M42.1 M160.7 MEBITDA2.48 B——3.99 B4.22 B4.28 BEBIT2.33 B——3.9 B4.13 B4.19 BCost of revenue6 M——230 M279 M221 MOther cost of goods sold6 M—————Depreciation & amortization (cash flow)150 M207 M164 M94 M98 M84 M
Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vacation Clubs City Collection, Sheraton Vacation Club, Westin Vacation Club, Grand Residences by Marriott and The Ritz-Carlton Destination Club. The company also operates Hyatt Vacation Club as well as Interval International, which offers an exchange network and travel membership programs through a network of more than 3,200 affiliated resorts in over 90 countries and territories, as well as management of more than 160 other resorts and lodging properties.