Condensed Consolidated Statements of Cash Flows (UNAUDITED) - USD ($)		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Operating Activities
Net income	[1]	$ 40,533,279	$ 42,700,978	$ 177,564,538	$ 143,742,500
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization		9,000,000	7,000,000	25,000,000	21,000,000
Amortization of deferred financing costs and other				4,000,000	4,000,000
Provision for loan losses				50,000,000	45,000,000
Gain on foreign currency transactions			(1,000,000)		(1,000,000)
Other loss		1,000,000		1,000,000
Share-based compensation				13,000,000	13,000,000
Deferred tax benefits				(21,000,000)	(5,000,000)
Equity in earnings from unconsolidated affiliates		(1,000,000)	(1,000,000)		(1,000,000)
Distributions received from unconsolidated affiliates				2,000,000
Net changes in assets and liabilities:
Accounts receivable, net				(39,000,000)	19,000,000
Timeshare financing receivables, net				(83,000,000)	(75,000,000)
Inventory				(15,000,000)	38,000,000
Purchases of real estate for future conversion to inventory				(299,000,000)
Other assets				(61,000,000)	(11,000,000)
Accounts payable, accrued expenses and other				(15,000,000)	96,000,000
Advanced deposits				13,000,000	(1,000,000)
Deferred revenues				42,000,000	13,000,000
Net cash (used in) provided by operating activities				(205,000,000)	299,000,000
Investing Activities
Capital expenditures for property and equipment				(29,000,000)	(25,000,000)
Software capitalization costs				(12,000,000)	(12,000,000)
Return of investment from unconsolidated affiliates				11,000,000
Investment in unconsolidated affiliates				(5,000,000)	(40,000,000)
Net cash used in investing activities				(35,000,000)	(77,000,000)
Financing Activities
Issuance of debt				215,000,000
Issuance of non-recourse debt				663,000,000	350,000,000
Repurchase and retirement of common stock				(112,000,000)
Repayment of debt				(168,000,000)	(7,000,000)
Repayment of non-recourse debt				(436,000,000)	(428,000,000)
Debt issuance costs				(6,000,000)	(5,000,000)
Proceeds from stock options exercises					1,000,000
Payment of withholding taxes on vesting of restricted stock units				(4,000,000)
Capital contribution				3,000,000
Net cash provided by (used in) financing activities				155,000,000	(89,000,000)
Net (decrease) increase in cash, cash equivalents and restricted cash				(85,000,000)	133,000,000
Cash, cash equivalents and restricted cash, beginning of period				297,000,000	151,000,000	$ 151,000,000
Cash, cash equivalents and restricted cash, end of period		212,000,000	$ 284,000,000	212,000,000	$ 284,000,000	$ 297,000,000
Supplemental disclosure of non-cash operating activities:
Cumulative effect of adoption of new accounting standards		$ 38,000,000		$ 38,000,000

[1] Net income for the three months ended September 30, 2018 and 2017 was $40,533,279 and $42,700,978, respectively, and for the nine months ended September 30, 2018 and 2017 was $177,564,538 and $143,742,500, respectively.