CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities
Net income	$ 123,700,348	$ 1,929,361
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	124,000,000	23,000,000
Amortization of deferred financing costs, acquisition premiums and other	25,000,000	10,000,000
Provision for financing receivables losses	71,000,000	28,000,000
Impairment (reversal) expense	0	1,000,000
Other loss, net	2,000,000	2,000,000
Share-based compensation	26,000,000	18,000,000
Deferred income tax expense	0	9,000,000
Equity in earnings from unconsolidated affiliates	(7,000,000)	(6,000,000)
Net changes in assets and liabilities:
Accounts receivable, net	(73,000,000)	(101,000,000)
Timeshare financing receivables, net	(52,000,000)	18,000,000
Inventory	20,000,000	(29,000,000)
Purchases and development of real estate for future conversion to inventory	(1,000,000)	(17,000,000)
Other assets	(159,000,000)	(35,000,000)
Accounts payable, accrued expenses and other	290,000,000	59,000,000
Advanced deposits	17,000,000	0
Deferred revenues	123,000,000	110,000,000
Net cash provided by operating activities	530,000,000	92,000,000
Investing Activities
Capital expenditures for property and equipment	(19,000,000)	(4,000,000)
Software capitalization costs	(16,000,000)	(9,000,000)
Net cash used in investing activities	(35,000,000)	(13,000,000)
Financing Activities
Issuance of debt	0	1,350,000,000
Issuance of non-recourse debt	402,000,000	0
Repayment of debt	(132,000,000)	(55,000,000)
Repayment of non-recourse debt	(697,000,000)	(118,000,000)
Debt issuance costs and discounts	(7,000,000)	(3,000,000)
Repurchase and retirement of common stock	(78,000,000)	0
Payment of withholding taxes on vesting of restricted stock units	(8,000,000)	(5,000,000)
Proceeds from employee stock plan purchases	2,000,000	1,000,000
Proceeds from stock option exercises	1,000,000	6,000,000
Other financing activity	(1,000,000)	(1,000,000)
Net cash (used in) provided by financing activities	(518,000,000)	1,175,000,000
Effect of changes in exchange rates on cash, cash equivalents & restricted cash	(6,000,000)	0
Net (decrease) increase in cash, cash equivalents and restricted cash	(29,000,000)	1,254,000,000
Cash, cash equivalents and restricted cash, beginning of period	695,000,000	526,000,000
Cash, cash equivalents and restricted cash, end of period	$ 666,000,000	$ 1,780,000,000