XML 145 R130.htm IDEA: XBRL DOCUMENT v3.22.0.1
Business Segments - Schedule of Adjusted EBITDA Reconciled to Net Income (Details) - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
General and administrative $ (151,000,000) $ (92,000,000) $ (118,000,000)
Depreciation and amortization (126,000,000) (45,000,000) (44,000,000)
Other (loss) gain, net (26,000,000) 3,000,000 (3,000,000)
Interest expense (105,000,000) (43,000,000) (43,000,000)
Income tax (expense) benefit (93,000,000) 79,000,000 (57,000,000)
Equity in earnings from unconsolidated affiliates 10,000,000 5,000,000 4,000,000
Impairment expense (2,000,000) (209,000,000) 0
Net income (loss) [1] 176,426,924 (200,709,244) 215,695,961
Operating segments | Real Estate and Financing Segment      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Segment Adjusted EBITDA [2] 537,000,000 33,000,000 325,000,000
Operating segments | Resort Operations and Club Management Segment      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Segment Adjusted EBITDA [2] 353,000,000 136,000,000 265,000,000
Segment Reconciling Items      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Segment Adjusted EBITDA 890,000,000 169,000,000 590,000,000
Acquisition and integration-related expense (106,000,000) 0 0
General and administrative 151,000,000 (92,000,000) (118,000,000)
Depreciation and amortization 126,000,000 (45,000,000) (44,000,000)
License fee expense 80,000,000 (51,000,000) (101,000,000)
Other (loss) gain, net (26,000,000) 3,000,000 (3,000,000)
Interest expense 105,000,000 (43,000,000) (43,000,000)
Income tax (expense) benefit (93,000,000) 79,000,000 (57,000,000)
Equity in earnings from unconsolidated affiliates 10,000,000 5,000,000 4,000,000
Impairment expense 2,000,000 (209,000,000) 0
Other adjustment items [3] $ (35,000,000) $ (17,000,000) $ (12,000,000)
[1] Net income (loss) for years ended December 31, 2021, 2020, and 2019 were $176,426,924, ($200,709,244), and $215,695,961, respectively.
[2] Includes intersegment eliminations. Refer to our table presenting revenues by reportable segment above for additional discussion.
[3] This amount includes costs associated with restructuring, one-time charges and other non-cash items.