Hilton Grand Vacations Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	53	47	313	352	176	-201
Depreciation & Amortization	263	268	213	244	126	45
Other Amortization	44	83	33	52	39	18
Loss (Gain) From Sale of Assets	5	11	-2	3	14	-1
Asset Writedown & Restructuring Costs	2	2	3	17	2	209
Loss (Gain) on Equity Investments	-7	-2	4	-13	-8	-5
Stock-Based Compensation	63	47	40	46	48	15
Other Operating Activities	-4	-16	-23	-38	58	-123
Change in Accounts Receivable	-33	224	10	-177	-124	56
Change in Inventory	-264	-205	-103	92	-18	-127
Change in Accounts Payable	7	21	-86	294	-48	-56
Change in Unearned Revenue	428	23	62	-9	-174	78
Change in Other Net Operating Assets	-733	-571	-323	-258	-44	96
Operating Cash Flow	238	309	312	747	168	79
Operating Cash Flow Growth	16.67%	-0.96%	-58.23%	344.64%	112.66%	-44.76%
Capital Expenditures	-65	-42	-31	-58	-18	-8
Cash Acquisitions	-	-1,444	-74	-	-1,592	-
Sale (Purchase) of Intangibles	-96	-84	-44	-39	-21	-23
Investment in Securities	-	-	-	-	-	-2
Other Investing Activities	-	-1	-9	-	-	-
Investing Cash Flow	-161	-1,571	-158	-97	-1,631	-33
Long-Term Debt Issued	-	4,607	1,626	809	3,214	990
Long-Term Debt Repaid	-	-2,943	-1,067	-1,303	-1,513	-640
Net Debt Issued (Repaid)	531	1,664	559	-494	1,701	350
Issuance of Common Stock	26	19	17	7	14	3
Repurchase of Common Stock	-584	-453	-382	-280	-6	-14
Other Financing Activities	-40	-74	-11	-15	-73	-11
Financing Cash Flow	-67	1,156	183	-782	1,636	328
Foreign Exchange Rate Adjustments	-8	-13	-7	-8	-4	-
Net Cash Flow	2	-119	330	-140	169	374
Free Cash Flow	173	267	281	689	150	71
Free Cash Flow Growth	5.49%	-4.98%	-59.22%	359.33%	111.27%	-33.02%
Free Cash Flow Margin	3.87%	5.98%	7.82%	19.47%	7.03%	9.38%
Free Cash Flow Per Share	1.83	2.59	2.52	5.76	1.48	0.83
Cash Interest Paid	354	354	187	175	113	64
Cash Income Tax Paid	36	36	187	141	54	54
Levered Free Cash Flow	-36.63	-1,029	-18.13	729	-951.38	2.63
Unlevered Free Cash Flow	115.63	-906.13	60.13	765.75	-924.75	11.5
Change in Working Capital	-595	-508	-440	-58	-408	47

Source: S&P Global Market Intelligence. Standard template. Financial Sources.