Below are the financial statements of Hilton Grand Vacations, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 | 2022 |
---|---|---|---|
Revenues | — | — | — |
Sales of VOIs, net | 1,909a | 1,416a | 1,491a |
Sales, marketing, brand and other fees | 637a | 634a | 620a |
Financing | 464a | 307a | 267a |
Resort and club management | 722a | 569a | 534a |
Rental and ancillary services | 733a | 666a | 626a |
Cost reimbursements | 516a | 386a | 297a |
Total revenues | 4,981a | 3,978a | 3,835a |
Expenses | — | — | — |
Cost of VOI sales | -239a | -194a | -274a |
Sales and marketing | -1,768a | -1,281a | -1,146a |
Financing | -188a | -99a | -103a |
Resort and club management | -211a | -177a | -161a |
Rental and ancillary services | -724a | -612a | -579a |
General and administrative | -199a | -194a | -212a |
Acquisition and integration-related expense | -237a | -68a | -67a |
Depreciation and amortization | -268a | -213a | -244a |
License fee expense | -171a | -138a | -124a |
Impairment expense | -2a | -3a | -17a |
Cost reimbursements | -516a | -386a | -297a |
Total operating expenses | -4,523a | -3,365a | -3,224a |
Interest expense | -329a | -178a | -142a |
Equity in earnings from unconsolidated affiliates | 18a | 12a | 13a |
Other (loss) gain, net | -11a | 2a | -1a |
Income before income taxes | 136a | 449a | 481a |
Income tax expense | -76a | -136a | -129a |
Net income | 60a | 313a | 352a |
Net income attributable to noncontrolling interest | 13a | 0a | 0a |
Net income attributable to stockholders | 47a | 313a | 352a |
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