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Condensed Consolidated Statements of Operations (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Total revenues $ 334,000,000 $ 123,000,000 $ 569,000,000 $ 474,000,000
Expenses        
General and administrative 44,000,000 22,000,000 80,000,000 43,000,000
Depreciation and amortization 12,000,000 11,000,000 23,000,000 23,000,000
Impairment expense 1,000,000
Total operating expenses 308,000,000 165,000,000 542,000,000 502,000,000
Interest expense (17,000,000) (12,000,000) (32,000,000) (22,000,000)
Equity in earnings from unconsolidated affiliates 4,000,000 1,000,000 6,000,000 4,000,000
Other (loss) gain, net (1,000,000) (3,000,000) (2,000,000) (1,000,000)
(Loss) income before income taxes 12,000,000 (56,000,000) (1,000,000) (47,000,000)
Income tax benefit (expense) 3,000,000 (8,000,000) (3,000,000) (7,000,000)
Net (loss) income $ 8,700,776 $ (47,751,330) $ 1,929,361 $ (39,924,584)
(Loss) earnings per share:        
Basic $ 0.10 $ (0.56) $ 0.02 $ (0.47)
Diluted $ 0.10 $ (0.56) $ 0.02 $ (0.47)
Sales of VOIs, Net        
Revenues        
Total revenues $ 76,000,000 $ 109,000,000 $ 56,000,000
Sales, Marketing, Brand and Other Fees        
Revenues        
Total revenues 81,000,000 13,000,000 134,000,000 119,000,000
Financing        
Revenues        
Total revenues 37,000,000 43,000,000 74,000,000 87,000,000
Expenses        
Expenses 11,000,000 13,000,000 24,000,000 26,000,000
Resort and Club Management        
Revenues        
Total revenues 48,000,000 39,000,000 93,000,000 83,000,000
Expenses        
Expenses 11,000,000 6,000,000 19,000,000 18,000,000
Rental and Ancillary Services        
Revenues        
Total revenues 54,000,000 5,000,000 86,000,000 57,000,000
Expenses        
Expenses 36,000,000 24,000,000 67,000,000 61,000,000
Cost Reimbursements        
Revenues        
Total revenues 38,000,000 23,000,000 73,000,000 72,000,000
Expenses        
Expenses 38,000,000 23,000,000 73,000,000 72,000,000
Cost of VOI Sales        
Expenses        
Expenses 21,000,000 1,000,000 24,000,000 13,000,000
Sales and Marketing        
Expenses        
Expenses 116,000,000 61,000,000 198,000,000 218,000,000
License Fee Expense        
Expenses        
Expenses $ 19,000,000 $ 6,000,000 $ 33,000,000 $ 28,000,000