v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total revenues $ 1,116,000,000 $ 928,000,000 $ 2,843,000,000 $ 1,497,000,000
Expenses        
General and administrative 50,000,000 41,000,000 158,000,000 92,000,000
Depreciation and amortization 57,000,000 48,000,000 181,000,000 71,000,000
Impairment expense 0 1,000,000 0 2,000,000
Total operating expenses 879,000,000 719,000,000 2,359,000,000 1,261,000,000
Interest expense (37,000,000) (42,000,000) (105,000,000) (74,000,000)
Equity in earnings from unconsolidated affiliates 2,000,000 1,000,000 9,000,000 7,000,000
Other gain (loss), net 2,000,000 (20,000,000) 1,000,000 (22,000,000)
Income before income taxes 204,000,000 148,000,000 389,000,000 147,000,000
Income tax expense (54,000,000) (49,000,000) (115,000,000) (46,000,000)
Net income $ 149,767,212 $ 98,704,709 $ 273,567,561 $ 100,634,069
Earnings per share:        
Basic (in dollars per share) $ 1.25 $ 0.92 $ 2.26 $ 1.08
Diluted (in dollars per share) $ 1.24 $ 0.90 $ 2.23 $ 1.07
Sales of VOIs, net        
Revenues        
Total revenues $ 500,000,000 $ 488,000,000 $ 1,130,000,000 $ 597,000,000
Sales, marketing, brand and other fees        
Revenues        
Total revenues 177,000,000 118,000,000 457,000,000 252,000,000
Financing        
Revenues        
Total revenues 68,000,000 53,000,000 196,000,000 127,000,000
Expenses        
Expenses 25,000,000 19,000,000 66,000,000 43,000,000
Resort and club management        
Revenues        
Total revenues 130,000,000 99,000,000 379,000,000 192,000,000
Expenses        
Expenses 45,000,000 26,000,000 118,000,000 45,000,000
Rental and ancillary services        
Revenues        
Total revenues 159,000,000 112,000,000 466,000,000 198,000,000
Expenses        
Expenses 144,000,000 84,000,000 426,000,000 151,000,000
Cost reimbursements        
Revenues        
Total revenues 82,000,000 58,000,000 215,000,000 131,000,000
Expenses        
Expenses 82,000,000 58,000,000 215,000,000 131,000,000
Cost of VOI sales        
Expenses        
Expenses 102,000,000 130,000,000 207,000,000 154,000,000
Sales and marketing        
Expenses        
Expenses 322,000,000 234,000,000 849,000,000 432,000,000
Acquisition and integration-related expense        
Expenses        
Expenses 19,000,000 54,000,000 49,000,000 83,000,000
License fee expense        
Expenses        
Expenses $ 33,000,000 $ 24,000,000 $ 90,000,000 $ 57,000,000