Marriott Vacations Worldwide Corp
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.97B | $2.18B | $2.00B | $1.72B | $1.75B | — | $1.64B | $1.62B |
| Cost of Revenue | — | — | — | — | $1.61B | — | $1.60B | $1.83B |
| Gross Profit | — | — | — | — | $143.7M | — | $36.0M | $-209.0M |
| Gross Margin | — | — | — | — | 8.2% | — | 2.2% | -12.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $198.0M | $106.0M | $100.0M | $100.9M | $99.4M | — | $86.0M | $81.0M |
| Operating Income | $103.0M | $240.0M | $198.0M | $150.6M | $131.2M | — | $89.0M | $-170.0M |
| Operating Margin | 3.5% | 11.0% | 9.9% | 8.8% | 7.5% | — | 5.4% | -10.5% |
| Interest Expense | — | — | — | — | — | — | $58.0M | $47.0M |
| Pretax Income | $103.0M | $240.0M | $198.0M | $150.6M | $131.2M | — | $31.0M | $-217.0M |
| Income Tax Expense | $51.0M | $5.0M | $76.0M | $69.8M | $51.5M | — | $24.0M | $-45.0M |
| Net Income | $55.0M | $235.0M | $122.0M | $80.8M | $79.7M | — | $7.0M | $-172.0M |
| Net Margin | 1.9% | 10.8% | 6.1% | 4.7% | 4.6% | — | 0.4% | -10.6% |
| EPS (Basic) | $1.64 | $8.70 | $4.37 | $2.40 | $2.25 | — | $0.19 | $-5.12 |
| EPS (Diluted) | $1.61 | $8.49 | $4.29 | $2.33 | $2.18 | — | $0.18 | $-5.12 |
| Shares Outstanding (Basic) | 33.3M | 27.1M | 27.9M | 33.7M | 35.4M | 35.1M | 34.4M | 33.7M |
| Shares Outstanding (Diluted) | 34.0M | 27.7M | 28.4M | 34.6M | 36.6M | 35.1M | 36.2M | 33.7M |
| Dividends Per Share | $1.65 | $1.45 | $1.25 | $0.25 | $0.00 | — | — | — |