Marriott Vacations Worldwide (VAC) FY2022 results: revenue $4.7 billion, up 19.7% on the year
Marriott Vacations Worldwide Corp. (VAC) reported revenue of $4.7 billion for fiscal 2022, the year ended 31 December 2022, up 19.7% on the year before. Net income was $391 million, up 698.0%, and diluted earnings per share $8.77. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$4.7 billion
+19.7% on the year
FY2015FY2022
Operating margin
16.8%
11.6% a year earlier
FY2015FY2022
Net income
$391 million
+698.0% on the year
FY2015FY2022
Diluted EPS
$8.77
+676.1% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
522
343
299
+52.2%
Capital expenditure
65.0
47.0
41.0
+38.3%
Free cash flow
457
296
258
+54.4%
Free cash flow margin
9.8%
7.6%
8.9%
Cash from investing
16.0
-213
-32.0
Cash from financing
-486
-317
23.0
Depreciation and amortisation
132
146
123
-9.6%
Share-based compensation
39.0
51.0
36.0
-23.5%
Buybacks
701
78.0
82.0
+798.7%
Dividends paid
99.0
23.0
45.0
+330.4%
Dividend per share
$2.58
$1.08
$0.54
+138.9%
Diluted shares, weighted
45m
43m
41m
+4.4%
Shares outstanding at period end
37m
42m
41m
-11.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,496
2,976
2,651
-16.1%
Non-controlling interest
2.0
10.0
31.0
-80.0%
Debt
5,026
4,487
4,268
+12.0%
Other liabilities
2,115
2,140
1,948
-1.2%
Total liabilities and equity
9,639
9,613
8,898
+0.3%
Goodwill
3,117
3,150
2,817
-1.0%
Intangible assets
911
993
952
-8.3%
Cash and equivalents
524
342
524
+53.2%
Other assets
5,087
5,128
4,605
-0.8%
Total assets
9,639
9,613
8,898
+0.3%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.