Condensed Consolidated Statements of Cash Flows (UNAUDITED) - USD ($)		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020
Operating Activities
Net income (loss)	[1]	$ 100,634,069	$ (46,771,239)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization		71,000,000	34,000,000
Amortization of deferred financing costs, acquisition premiums and other		19,000,000	13,000,000
Provision for financing receivables losses		77,000,000	57,000,000
Impairment expense		2,000,000	0
Other loss, net		7,000,000	0
Share-based compensation		32,000,000	10,000,000
Deferred income tax expense (benefit)		9,000,000	(50,000,000)
Equity in earnings from unconsolidated affiliates		(7,000,000)	(3,000,000)
Return on investment in unconsolidated affliates		2,000,000	0
Net changes in assets and liabilities, net of effects of acquisition:
Accounts receivable, net		(102,000,000)	65,000,000
Timeshare financing receivables, net		(36,000,000)	87,000,000
Inventory		11,000,000	(59,000,000)
Purchases and development of real estate for future conversion to inventory		(25,000,000)	(27,000,000)
Other assets		62,000,000	(25,000,000)
Accounts payable, accrued expenses and other		5,000,000	(48,000,000)
Advanced deposits		(5,000,000)	4,000,000
Deferred revenues		(165,000,000)	75,000,000
Net cash provided by operating activities		36,000,000	86,000,000
Investing Activities
Acquisition of Diamond, net of cash and restricted cash acquired		(1,585,000,000)	0
Capital expenditures for property and equipment		(11,000,000)	(6,000,000)
Software capitalization costs		(14,000,000)	(16,000,000)
Investments in unconsolidated affiliates		0	(2,000,000)
Net cash used in investing activities		(1,610,000,000)	(24,000,000)
Financing Activities
Issuance of debt		2,650,000,000	495,000,000
Issuance of non-recourse debt		96,000,000	495,000,000
Repayment of debt		(843,000,000)	(62,000,000)
Repayment of non-recourse debt		(234,000,000)	(403,000,000)
Debt issuance costs and discounts		(61,000,000)	(8,000,000)
Repurchase and retirement of common stock		0	(10,000,000)
Payment of withholding taxes on vesting of restricted stock units		(5,000,000)	(3,000,000)
Proceeds from employee stock plan purchases		1,000,000	1,000,000
Proceeds from stock option exercises		10,000,000	0
Other financing activity		(2,000,000)	(2,000,000)
Net cash provided by financing activities		1,612,000,000	503,000,000
Net increase in cash, cash equivalents and restricted cash		38,000,000	565,000,000
Cash, cash equivalents and restricted cash, beginning of period		526,000,000	152,000,000
Cash, cash equivalents and restricted cash, end of period		564,000,000	717,000,000
Supplementary disclosure of non-cash operating activities:
Non-cash transfers from Property and Equipment to Inventory		0	301,000,000
Supplemental disclosure of non-cash investing activities
Non-cash issuance of stock	[2]	$ 1,381,000,000	$ 0

[1] Net income (loss) for the three months ended September 30, 2021 and 2020 was $98,704,709 and $(6,846,654), respectively, and $100,634,069 and $(46,771,239) for the nine months ended September 30, 2021 and 2020, respectively.

[2] Non-cash issuance of stock related to our acquisition of Diamond. See Note 3: Diamond Acquisition for additional information.