XML 108 R98.htm IDEA: XBRL DOCUMENT v3.22.2
Business Segments - Schedule of Adjusted EBITDA Reconciled to Net Income (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
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)
Other loss, net (2,000,000)   (1,000,000)   (1,000,000) (2,000,000)
Interest expense (35,000,000)   (17,000,000)   (68,000,000) (32,000,000)
Income tax (expense) benefit (41,000,000)   (3,000,000)   (61,000,000) 3,000,000
Equity in earnings from unconsolidated affiliates 4,000,000   4,000,000   7,000,000 6,000,000
Impairment reversal (expense) 3,000,000   0   0 (1,000,000)
Net income 72,931,504 $ 51,000,000 8,700,776 $ (7,000,000) 123,700,348 1,929,361
Operating segments | Real Estate Sales and Financing Segment            
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
Segment Adjusted EBITDA 218,000,000   45,000,000   371,000,000 72,000,000
Operating segments | Resort Operations and Club Management Segment            
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
Segment Adjusted EBITDA 119,000,000   61,000,000   220,000,000 103,000,000
Segment Reconciling Items            
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
Segment Adjusted EBITDA 337,000,000   106,000,000   591,000,000 175,000,000
Acquisition and integration-related expense (17,000,000)   (14,000,000)   (30,000,000) (29,000,000)
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)
License fee expense (32,000,000)   (19,000,000)   (57,000,000) (33,000,000)
Other loss, net (2,000,000)   (1,000,000)   (1,000,000) (2,000,000)
Interest expense (35,000,000)   (17,000,000)   (68,000,000) (32,000,000)
Income tax (expense) benefit (41,000,000)   (3,000,000)   (61,000,000) 3,000,000
Equity in earnings from unconsolidated affiliates 4,000,000   4,000,000   7,000,000 6,000,000
Impairment reversal (expense) 3,000,000   0   0 (1,000,000)
Other adjustment items (14,000,000)   (5,000,000)   (25,000,000) (11,000,000)
Net income $ 73,000,000   $ 9,000,000   $ 124,000,000 $ 2,000,000