Condensed Consolidated Statements of Operations (UNAUDITED) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues
Sales of VOIs, net		$ 145,000,000	$ 130,000,000	$ 406,000,000	$ 359,000,000
Sales, marketing, brand and other fees		127,000,000	136,000,000	401,000,000	382,000,000
Financing		38,000,000	34,000,000	109,000,000	100,000,000
Resort and club management		37,000,000	33,000,000	108,000,000	98,000,000
Rental and ancillary services		45,000,000	41,000,000	138,000,000	135,000,000
Cost reimbursements		34,000,000	33,000,000	102,000,000	94,000,000
Total revenues		426,000,000	407,000,000	1,264,000,000	1,168,000,000
Expenses
Cost of VOI sales		40,000,000	44,000,000	107,000,000	110,000,000
Sales and marketing		171,000,000	157,000,000	492,000,000	443,000,000
Financing		11,000,000	8,000,000	32,000,000	24,000,000
Resort and club management		12,000,000	9,000,000	32,000,000	25,000,000
Rental and ancillary services		30,000,000	30,000,000	88,000,000	86,000,000
General and administrative		23,000,000	24,000,000	75,000,000	61,000,000
Depreciation and amortization		7,000,000	6,000,000	21,000,000	17,000,000
License fee expense		22,000,000	22,000,000	65,000,000	61,000,000
Cost reimbursements		34,000,000	33,000,000	102,000,000	94,000,000
Total operating expenses		350,000,000	333,000,000	1,014,000,000	921,000,000
Gain on foreign currency transactions		1,000,000	1,000,000	1,000,000	2,000,000
Allocated Parent interest expense		0	(7,000,000)	0	(20,000,000)
Interest expense		(7,000,000)	0	(21,000,000)	0
Equity in earnings from unconsolidated affiliate		1,000,000	0	1,000,000	0
Other loss, net		0	0	0	(1,000,000)
Income before income taxes		71,000,000	68,000,000	231,000,000	228,000,000
Income tax expense		(28,000,000)	(33,000,000)	(87,000,000)	(98,000,000)
Net income	[1]	$ 42,700,978	$ 34,597,597	$ 143,742,500	$ 129,727,071
Earnings per share:
Basic	[2]	$ 0.43	$ 0.35	$ 1.45	$ 1.31
Diluted	[2]	$ 0.43	$ 0.35	$ 1.44	$ 1.31

[1] Net income for the three months ended September 30, 2017 and 2016 was $42,700,978 and $34,597,597, respectively, and for the nine months ended September 30, 2017 and 2016 was $143,742,500 and $129,727,071, respectively.

[2] For the three and nine months ended September 30, 2016, basic and diluted earnings per share was calculated based on shares distributed to Hilton Grand Vacations’ stockholders on January 3, 2017. See Note 12: Earnings Per Share for additional information.