Consolidated Statements of Cash Flows - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Activities
Net income (loss)	[1]	$ 176,426,924	$ (200,709,244)	$ 215,695,961
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		126,000,000	45,000,000	44,000,000
Amortization of deferred financing costs, acquisition premiums and other		39,000,000	18,000,000	17,000,000
Provision for financing receivables losses		121,000,000	75,000,000	74,000,000
Impairment expense		2,000,000	209,000,000	0
Other loss (gain), net		14,000,000	(1,000,000)	3,000,000
Share-based compensation		48,000,000	15,000,000	22,000,000
Deferred income tax expense (benefit)		58,000,000	(123,000,000)	3,000,000
Equity in earnings (losses) from unconsolidated affiliates		(10,000,000)	(5,000,000)	(4,000,000)
Return on investment in unconsolidated affiliates		2,000,000	0	0
Net changes in assets and liabilities, net of effects of acquisition:
Accounts receivable, net		(124,000,000)	56,000,000	(20,000,000)
Timeshare financing receivables, net		(92,000,000)	107,000,000	(111,000,000)
Inventory		15,000,000	(91,000,000)	(4,000,000)
Purchases and development of real estate for future conversion to inventory		(33,000,000)	(36,000,000)	(168,000,000)
Other assets		48,000,000	(11,000,000)	(18,000,000)
Accounts payable, accrued expenses and other		(48,000,000)	(56,000,000)	(17,000,000)
Advanced deposits		(8,000,000)	2,000,000	14,000,000
Deferred revenues		(166,000,000)	76,000,000	91,000,000
Other		0	0	1,000,000
Net cash provided by operating activities		168,000,000	79,000,000	143,000,000
Investing Activities
Acquisition of Diamond, net of cash and restricted cash acquired		1,592,000,000	0	0
Capital expenditures for property and equipment		(18,000,000)	(8,000,000)	(37,000,000)
Software capitalization costs		(21,000,000)	(23,000,000)	(24,000,000)
Investments in unconsolidated affiliates		0	(2,000,000)	(2,000,000)
Net cash used in investing activities		(1,631,000,000)	(33,000,000)	(63,000,000)
Financing Activities
Issuance of debt		2,950,000,000	495,000,000	485,000,000
Issuance of non-recourse debt		264,000,000	495,000,000	365,000,000
Repayment of debt		(1,154,000,000)	(165,000,000)	(290,000,000)
Repayment of non-recourse debt		(359,000,000)	(475,000,000)	(376,000,000)
Debt issuance costs and discounts		(70,000,000)	(9,000,000)	(6,000,000)
Repurchase and retirement of common stock		0	(10,000,000)	(283,000,000)
Payment of withholding taxes on vesting of restricted stock units		(6,000,000)	(4,000,000)	(4,000,000)
Proceeds from employee stock plan purchases		1,000,000	2,000,000	3,000,000
Proceeds from stock option exercises		13,000,000	1,000,000	0
Other financing activity		(3,000,000)	(2,000,000)	(2,000,000)
Net cash provided by financing activities		1,636,000,000	328,000,000	(108,000,000)
Effect of changes in exchange rates on cash, cash equivalents & restricted cash		(4,000,000)	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash		169,000,000	374,000,000	(28,000,000)
Cash, cash equivalents and restricted cash, beginning of period		526,000,000	152,000,000	180,000,000
Cash, cash equivalents and restricted cash, end of period		$ 695,000,000	$ 526,000,000	$ 152,000,000

[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.