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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total revenues $ 948,000,000 $ 334,000,000 $ 1,727,000,000 $ 569,000,000
Expenses        
General and administrative 66,000,000 30,000,000 108,000,000 51,000,000
Depreciation and amortization 64,000,000 12,000,000 124,000,000 23,000,000
Impairment (reversal) expense (3,000,000) 0 0 1,000,000
Total operating expenses 801,000,000 308,000,000 1,480,000,000 542,000,000
Interest expense (35,000,000) (17,000,000) (68,000,000) (32,000,000)
Equity in earnings from unconsolidated affiliates 4,000,000 4,000,000 7,000,000 6,000,000
Other loss, net (2,000,000) (1,000,000) (1,000,000) (2,000,000)
Income (loss) before income taxes 114,000,000 12,000,000 185,000,000 (1,000,000)
Income tax (expense) benefit (41,000,000) (3,000,000) (61,000,000) 3,000,000
Net income $ 72,931,504 $ 8,700,776 $ 123,700,348 $ 1,929,361
Earnings per share:        
Basic (in dollars per share) $ 0.60 $ 0.10 $ 1.03 $ 0.02
Diluted (in dollars per share) $ 0.60 $ 0.10 $ 1.01 $ 0.02
Sales of VOIs, net        
Revenues        
Total revenues $ 361,000,000 $ 76,000,000 $ 630,000,000 $ 109,000,000
Sales, marketing, brand and other fees        
Revenues        
Total revenues 161,000,000 81,000,000 280,000,000 134,000,000
Financing        
Revenues        
Total revenues 64,000,000 37,000,000 128,000,000 74,000,000
Expenses        
Expenses 22,000,000 11,000,000 41,000,000 24,000,000
Resort and club management        
Revenues        
Total revenues 124,000,000 48,000,000 249,000,000 93,000,000
Expenses        
Expenses 37,000,000 11,000,000 73,000,000 19,000,000
Rental and ancillary services        
Revenues        
Total revenues 171,000,000 54,000,000 307,000,000 86,000,000
Expenses        
Expenses 150,000,000 36,000,000 282,000,000 67,000,000
Cost reimbursements        
Revenues        
Total revenues 67,000,000 38,000,000 133,000,000 73,000,000
Expenses        
Expenses 67,000,000 38,000,000 133,000,000 73,000,000
Cost of VOI sales        
Expenses        
Expenses 65,000,000 21,000,000 105,000,000 24,000,000
Sales and marketing        
Expenses        
Expenses 284,000,000 116,000,000 527,000,000 198,000,000
Acquisition and integration-related expense        
Expenses        
Expenses 17,000,000 14,000,000 30,000,000 29,000,000
License fee expense        
Expenses        
Expenses $ 32,000,000 $ 19,000,000 $ 57,000,000 $ 33,000,000