XML 113 R103.htm IDEA: XBRL DOCUMENT v3.22.1
Business Segments - Schedule of Adjusted EBITDA Reconciled to Net (Loss) Income (Details) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
General and administrative $ (42,000,000) $ (21,000,000)
Depreciation and amortization (60,000,000) (11,000,000)
Other (loss) gain, net 1,000,000 (1,000,000)
Interest expense (33,000,000) (15,000,000)
Income tax (expense) benefit (20,000,000) 6,000,000
Equity in earnings (losses) from unconsolidated affiliates 3,000,000 2,000,000
Impairment expense (3,000,000) (1,000,000)
Net income (Loss) [1] 50,768,844 (6,771,415)
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] 153,000,000 27,000,000
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] 101,000,000 42,000,000
Segment Reconciling Items    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Segment Adjusted EBITDA 254,000,000 69,000,000
Acquisition and integration-related expense (13,000,000) (15,000,000)
General and administrative (42,000,000) (21,000,000)
Depreciation and amortization (60,000,000) (11,000,000)
License fee expense (25,000,000) (14,000,000)
Other (loss) gain, net 1,000,000 (1,000,000)
Interest expense (33,000,000) (15,000,000)
Income tax (expense) benefit (20,000,000) 6,000,000
Equity in earnings (losses) from unconsolidated affiliates 3,000,000 2,000,000
Impairment expense (3,000,000) (1,000,000)
Other adjustment items [3] (11,000,000) (6,000,000)
Net income (Loss) $ 51,000,000 $ (7,000,000)
[1] Net income (loss) for the three months ended March 31, 2022 and 2021 was $50,768,844 and $(6,771,415), respectively.
[2]

(1) Includes intersegment transactions. Refer to our table presenting revenues by reportable segment above for additional discussion.

[3]

(2) For the three months ended March 31, 2022 and 2021, this amount includes costs associated with restructuring, one-time charges and other

non-cash items included within our reportable segments.