Marriott Vacations Worldwide Corporation (VAC) quarterly cash flow statement — complete operating, investing & financing history
Marriott Vacations Worldwide Corporation (VAC) cash flow statement — 17-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 128M | 80M | -4M | 6M | 62M | -48M | 8M | 100M | 72M | 30M | 3M | 83M | 122M | 77M | -50M | 142M | 162M | 89M | 129M | 40M |
| Operating CF Margin % | 9.36% | 6.06% | -0.32% | 0.45% | 7.64% | -3.85% | 0.67% | 7.54% | 5.52% | 2.63% | 0.25% | 6.95% | 16.42% | 9.36% | -6.22% | 17.07% | 12.94% | 10.6% | 17.53% | 3.64% |
| Operating CF Growth % | 106.45% | 266.67% | -150% | -94% | -13.89% | -260% | 166.67% | 20.48% | -40.98% | -61.04% | 106% | -41.55% | -24.69% | -13.48% | -138.76% | 255% | 4.52% | -57.21% | 315% | -71.63% |
| Net Income | 82M | 77M | 22M | -261M | -2M | 69M | 57M | 49M | 84M | 37M | 47M | 35M | 42M | 90M | 87M | 88M | -2M | 135M | 58M | 61M |
| Depreciation & Amortization | 33M | 32M | 34M | 35M | 38M | 38M | 38M | 37M | 36M | 35M | 38M | 36M | 33M | 34M | 32M | 34M | 33M | 32M | 33M | 34M |
| Stock-Based Compensation | 12M | 12M | 10M | 45M | 9M | 12M | 7M | 9M | 8M | 9M | 7M | 6M | 6M | 12M | 7M | 9M | 10M | 12M | 8M | 18M |
| Deferred Taxes | 0 | -15M | -1M | -118M | 19M | 11M | -15M | -41M | 0 | 44M | 35M | -66M | -8M | 0 | 6M | 23M | 0 | 11M | 18M | 24M |
| Other Non-Cash Items | 87M | 140M | -2M | 402M | 525M | 55M | -3M | -776M | 529M | 179M | 11M | 82M | 552M | 107M | -21M | -319M | 168M | -152M | 4M | -44M |
| Working Capital Changes | -86M | -166M | -67M | -97M | -527M | -233M | -76M | 822M | -585M | -274M | -135M | -10M | -503M | -166M | -161M | 307M | -47M | 51M | 8M | -53M |
| Change in Receivables | 2M | -18M | 15M | 220M | -640M | -139M | 0 | 690M | -578M | -47M | -41M | 660M | 15M | 0 | -6M | 208M | 0 | 14M | 45M | -54M |
| Change in Inventory | 6M | 5M | 11M | 5M | 23M | -2M | 1M | 18M | -55M | -13M | 17M | 7M | 26M | 30M | 16M | 30M | 49M | 0 | 28M | 2M |
| Change in Payables | 17M | -55M | -47M | 67M | 36M | -95M | -13M | 93M | 29M | -53M | -60M | 104M | 26M | -28M | -101M | 140M | -36M | -4M | 12M | 86M |
| Cash from Investing | -15M | -14M | 42M | -13M | -14M | -25M | -18M | -9M | -18M | -19M | -69M | -27M | -32M | -16M | -37M | -33M | 34M | 25M | -10M | -26M |
| Capital Expenditures | -12M | -14M | -8M | -12M | -11M | -20M | -14M | -14M | -14M | -13M | -16M | -26M | -29M | -26M | -37M | -29M | -13M | -14M | -9M | -28M |
| CapEx % of Revenue | 0.88% | 1.06% | 0.64% | 0.91% | 1.35% | 1.61% | 1.17% | 1.05% | 1.07% | 1.14% | 1.34% | 2.18% | 3.9% | 3.16% | 4.6% | 3.49% | 1.04% | 1.67% | 1.22% | 2.55% |
| Acquisitions | 0 | -50M | 50M | 3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16M | 0 | 0 | 0 | 3M | 1M | 90M | 3M | 3M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -3M | 0 | 0 | -4M | -3M | -5M | -4M | 5M | -4M | -6M | -53M | -17M | -3M | 10M | 0 | -7M | 46M | -51M | -4M | -1M |
| Cash from Financing | -93M | -149M | -174M | 5M | 217M | 51M | -32M | -106M | 33M | -102M | 43M | 13M | -65M | -155M | -194M | 199M | -257M | -156M | -272M | -92M |
| Debt Issued (Net) | -58M | -116M | -113M | 31M | 232M | 86M | 70M | -42M | 23M | -49M | 132M | 85M | 15M | -40M | -51M | 462M | -39M | 68M | -78M | 13M |
| Equity Issued (Net) | 0 | 6M | -6M | -25M | 0 | 0 | -36M | -11M | -9M | -13M | -24M | -40M | -86M | -82M | -89M | -173M | -216M | -193M | -141M | -74M |
| Dividends Paid | -28M | -27M | -55M | 0 | -27M | -28M | -55M | -26M | 0 | -27M | -54M | -26M | 0 | -26M | -54M | -24M | 0 | -26M | -49M | -23M |
| Share Repurchases | 0 | 6M | -6M | -25M | 0 | 0 | -36M | -11M | -9M | -12M | -24M | -38M | -86M | -82M | -80M | -173M | -216M | -193M | -119M | -74M |
| Other Financing | -7M | -12M | 0 | -1M | 12M | -7M | -11M | -27M | 19M | -13M | -11M | -6M | 6M | -7M | 0 | -66M | -2M | -5M | -4M | -8M |
| Net Change in Cash | 20M | -83M | -137M | 0 | 265M | -19M | -41M | -19M | 90M | -93M | -24M | 71M | 23M | -94M | -280M | 311M | -63M | -44M | -153M | -79M |
| Free Cash Flow | 116M | 66M | -12M | -6M | 51M | -68M | -6M | 86M | 58M | 17M | -13M | 57M | 93M | 51M | -87M | 113M | 149M | 75M | 120M | 12M |
| FCF Margin % | 8.49% | 5% | -0.95% | -0.45% | 6.28% | -5.46% | -0.5% | 6.48% | 4.44% | 1.49% | -1.09% | 4.77% | 12.52% | 6.2% | -10.82% | 13.58% | 11.9% | 8.93% | 16.3% | 1.09% |
| FCF Growth % | 127.45% | 197.06% | -100% | -106.98% | -12.07% | -500% | 53.85% | 50.88% | -37.63% | -66.67% | 85.06% | -49.56% | -37.58% | -32% | -172.5% | 841.67% | 1.36% | -63.24% | 279.1% | -91.18% |
| FCF per Share | 3.01 | 1.73 | -0.34 | -0.17 | 1.46 | -1.63 | -0.14 | 2.04 | 1.38 | 0.40 | -0.31 | 1.34 | 2.15 | 1.16 | -1.96 | 2.63 | 3.43 | 1.61 | 2.51 | 0.28 |
| FCF Conversion (FCF/Net Income) | 1.56x | 1.04x | -0.18x | -0.01x | -31.00x | -0.70x | 0.14x | 2.00x | 0.86x | 0.81x | 0.06x | 2.37x | 2.90x | 0.86x | -0.57x | 1.61x | 1.49x | 0.65x | 2.22x | 0.66x |
| Interest Paid | 54M | 87M | 53M | 61M | 55M | 67M | 54M | 68M | 56M | 71M | 52M | 63M | 42M | 55M | 44M | 45M | 35M | 0 | 0 | 0 |
| Taxes Paid | 23M | 56M | 4M | 26M | 6M | 107M | 4M | 11M | 8M | 64M | 50M | 3M | 5M | 77M | 56M | 6M | 18M | 0 | 0 | 0 |