Marriott Vacations Worldwide Corporation (VAC)
NYSE: VAC · Real-Time Price · USD
107.18
-7.23 (-6.32%)
Nov 5, 2026, 4:00 PM EST - Market closed
VAC Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -250 | -308 | 218 | 254 | 391 | 49 |
Depreciation & Amortization | 134 | 149 | 146 | 135 | 132 | 146 |
Other Amortization | 22 | 24 | 26 | 23 | 25 | 56 |
Loss (Gain) From Sale of Assets | - | - | -5 | -6 | -48 | - |
Asset Writedown & Restructuring Costs | 440 | 473 | - | 18 | - | 3 |
Loss (Gain) From Sale of Investments | 2 | 2 | 2 | 12 | - | - |
Stock-Based Compensation | 44 | 38 | 33 | 31 | 39 | 51 |
Other Operating Activities | 230 | 198 | 350 | 163 | 192 | -29 |
Change in Accounts Receivable | -28 | -40 | -16 | -105 | -45 | - |
Change in Inventory | 21 | -113 | -43 | 60 | 92 | -37 |
Change in Accounts Payable | -18 | -5 | 9 | 1 | 112 | 42 |
Change in Unearned Revenue | 14 | 15 | -27 | 34 | -9 | 88 |
Change in Other Net Operating Assets | -401 | -405 | -488 | -388 | -359 | -26 |
Operating Cash Flow | 210 | 28 | 205 | 232 | 522 | 343 |
Operating Cash Flow Growth | 72.13% | -86.34% | -11.64% | -55.56% | 52.19% | 14.72% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -46 | -57 | -107 | -118 | -65 | -47 |
Sale of Property, Plant & Equipment | 3 | 3 | 8 | 16 | 3 | - |
Cash Acquisitions | - | - | - | - | - | -157 |
Divestitures | 50 | - | - | - | 94 | - |
Sale (Purchase) of Real Estate | - | - | - | - | - | 3 |
Other Investing Activities | -7 | -16 | -16 | -10 | -16 | -12 |
Investing Cash Flow | - | -70 | -115 | -112 | 16 | -213 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 3,137 | 3,459 | 2,562 | 2,297 | 2,068 |
Long-Term Debt Repaid | - | -2,692 | -3,395 | -2,557 | -1,884 | -2,212 |
Net Debt Issued (Repaid) | -252 | 445 | 64 | 5 | 413 | -144 |
Repurchase of Common Stock | -34 | -68 | -64 | -298 | -724 | -98 |
Common Dividends Paid | -110 | -110 | -107 | -106 | -99 | -23 |
Other Financing Activities | -15 | -26 | -25 | -2 | -76 | -52 |
Financing Cash Flow | -411 | 241 | -132 | -401 | -486 | -317 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 1 | 6 | -4 | 1 | -1 | -2 |
Net Cash Flow | -200 | 205 | -46 | -280 | 51 | -189 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 164 | -29 | 98 | 114 | 457 | 296 |
Free Cash Flow Growth | 160.32% | - | -14.04% | -75.06% | 54.39% | 14.73% |
Free Cash Flow Margin | 3.11% | -0.58% | 1.97% | 2.41% | 9.81% | 7.61% |
Free Cash Flow Per Share | 4.73 | -0.83 | 2.33 | 2.62 | 10.11 | 6.84 |
Levered Free Cash Flow | 251 | 241.88 | 34.88 | 190.25 | 736.38 | 413.88 |
Unlevered Free Cash Flow | 337.75 | 323.5 | 110.13 | 257.88 | 785.13 | 460.38 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 255 | 237 | 247 | 204 | 149 | 184 |
Cash Income Tax Paid | 109 | 143 | 133 | 141 | 57 | -13 |
Change in Working Capital | -412 | -548 | -565 | -398 | -209 | 67 |