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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Total revenues $ 2,335,000,000 $ 894,000,000 $ 1,838,000,000
Expenses      
General and administrative 151,000,000 92,000,000 118,000,000
Depreciation and amortization 126,000,000 45,000,000 44,000,000
Impairment expense 2,000,000 209,000,000 0
Total operating expenses 1,945,000,000 1,139,000,000 1,523,000,000
Interest expense (105,000,000) (43,000,000) (43,000,000)
Equity in earnings from unconsolidated affiliates 10,000,000 5,000,000 4,000,000
Other (loss) gain, net (26,000,000) 3,000,000 (3,000,000)
Income (loss) before income taxes 269,000,000 (280,000,000) 273,000,000
Income tax (expense) benefit (93,000,000) 79,000,000 (57,000,000)
Net income (loss) [1] $ 176,426,924 $ (200,709,244) $ 215,695,961
Earnings (loss) per share:      
Basic $ 1.77 $ (2.36) $ 2.43
Diluted $ 1.75 $ (2.36) $ 2.42
Sales of VOIs, Net      
Revenues      
Total revenues $ 883,000,000 $ 108,000,000 $ 509,000,000
Sales, Marketing, Brand and Other Fees      
Revenues      
Total revenues 385,000,000 221,000,000 573,000,000
Financing      
Revenues      
Total revenues 183,000,000 165,000,000 170,000,000
Expenses      
Expenses 65,000,000 53,000,000 53,000,000
Resort and Club Management      
Revenues      
Total revenues 340,000,000 166,000,000 191,000,000
Expenses      
Expenses 80,000,000 36,000,000 46,000,000
Rental and Ancillary Services      
Revenues      
Total revenues 342,000,000 97,000,000 227,000,000
Expenses      
Expenses 267,000,000 107,000,000 147,000,000
Cost Reimbursements      
Revenues      
Total revenues 202,000,000 137,000,000 168,000,000
Expenses      
Expenses 202,000,000 137,000,000 168,000,000
Cost of VOI Sales      
Expenses      
Expenses 213,000,000 28,000,000 127,000,000
Sales and Marketing      
Expenses      
Expenses 653,000,000 381,000,000 719,000,000
Acquisition and integration-related expense      
Expenses      
Expenses 106,000,000 0 0
License Fee Expense      
Expenses      
Expenses $ 80,000,000 $ 51,000,000 $ 101,000,000
[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.