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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Total revenues $ 1,838,000,000 [1] $ 1,999,000,000 [1] $ 1,711,000,000
Expenses      
General and administrative 111,000,000 117,000,000 104,000,000
Depreciation and amortization 51,000,000 36,000,000 29,000,000
Total operating expenses 1,523,000,000 [1] 1,565,000,000 [1] 1,374,000,000
Interest expense (43,000,000) (30,000,000) (27,000,000)
Equity in earnings from unconsolidated affiliates 4,000,000   1,000,000
Other loss, net (3,000,000) (1,000,000)  
Income before income taxes 273,000,000 [1] 403,000,000 [1] 311,000,000
Income tax (expense) benefit [2] (57,000,000) (105,000,000) 16,000,000
Net income [3] $ 215,695,961 [1] $ 298,124,983 [1] $ 326,777,744
Earnings per share:      
Basic $ 2.43 [1] $ 3.07 [1] $ 3.30
Diluted $ 2.42 [1] $ 3.05 [1] $ 3.28
Sales of VOIs, Net      
Revenues      
Total revenues $ 509,000,000 $ 734,000,000 $ 548,000,000
Sales, Marketing, Brand and Other Fees      
Revenues      
Total revenues 573,000,000 570,000,000 544,000,000
Financing      
Revenues      
Total revenues 170,000,000 158,000,000 147,000,000
Expenses      
Expenses 53,000,000 49,000,000 43,000,000
Resort and Club Management      
Revenues      
Total revenues 191,000,000 172,000,000 158,000,000
Expenses      
Expenses 46,000,000 47,000,000 43,000,000
Rental and Ancillary Services      
Revenues      
Total revenues 227,000,000 218,000,000 179,000,000
Expenses      
Expenses 147,000,000 133,000,000 122,000,000
Cost Reimbursements      
Revenues      
Total revenues 168,000,000 147,000,000 135,000,000
Expenses      
Expenses 168,000,000 147,000,000 135,000,000
Cost of VOI Sales      
Expenses      
Expenses 127,000,000 210,000,000 148,000,000
Sales and Marketing      
Expenses      
Expenses 719,000,000 728,000,000 663,000,000
License Fee Expense      
Expenses      
Expenses $ 101,000,000 $ 98,000,000 $ 87,000,000
[1] The sum of the earnings per share for the four quarters may differ from annual earnings per share due to the required method of computing the weighted average shares in interim periods.
[2] On December 22, 2017, the United States enacted tax reform legislation, the TCJ Act, resulting in significant modifications to existing law which resulted in a reduction in income tax expense for the year ended December 31, 2017. See Note 17: Income Taxes for additional information.
[3] Net income for years ended December 31, 2019, 2018, and 2017 was $215,695,961; $298,124,983 and $326,777,744, respectively.