ValueQ4, 24Q1, 25Q2, 25Q3, 25Q4, 25TTMSelling/general/admin expenses307 M295 M298 M287 M305 M1.19 BResearch & development——————Operating income1.1 B1.01 B1.03 B1.05 B575 M3.67 BNon-Operating Income, Total-2 M00000Interest expense, net of interest capitalized——————Non-Operating Income, excl. Interest Expenses000000Unusual income/expense-2 M00000Pretax income306 M827 M848 M878 M-299 M2.25 BEquity in earnings——————Taxes10 M45 M25 M3 M-65 M8 MNon-controlling/minority interest-1 M1 M0001 MAfter tax other income/expense——————Net income before discontinued operations50 M56 M69 M-2 M-431 M-308 MDiscontinued operations——————Net income50 M56 M69 M-2 M-431 M-308 MDilution adjustment——————Preferred dividends——————Diluted net income available to common stockholders55 M61 M74 M-2 M-441 M-308 MBasic earnings per share (Basic EPS)1.421.61.98-0.07-12.35-8.84Diluted earnings per share (Diluted EPS)1.291.461.77-0.07-12-8.84Average basic shares outstanding35.4 M35.1 M34.9 M34.9 M34.9 M139.8 MDiluted shares outstanding42.1 M42 M41.7 M34.9 M34.9 M153.5 MEBITDA169 M134 M119 M39 M-383 M-91 MEBIT103 M129 M112 M33 M-451 M-177 MCost of revenue56 M50 M58 M57 M57 M222 MOther cost of goods sold——————Depreciation & amortization (cash flow)66 M5 M7 M6 M68 M86 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.