HGV: the balance sheet

MyFinsight

For the year ending 2025-12-31, HGV has $11,537M in assets. $10,097M in debts. $239M in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash and cash equivalents	239
Restricted cash	332
Accounts receivable, net	270
Timeshare financing receivables, net	3,115
Inventory	2,522
Property and equipment, net	859
Operating lease right-of-use assets, net	72
Investments in unconsolidated affiliates	63
Goodwill	1,985
Intangible assets, net	1,670
Other assets	410
Total assets (variable interest entities - 2,601 in 2025 and 2,192 in 2024)	11,537

Accounts payable, accrued expenses and other	1,018
Advanced deposits	228
Debt, net	4,545
Non-recourse debt, net	2,716
Operating lease liabilities	89
Deferred revenues	637
Deferred income tax liabilities	864
Total liabilities (variable interest entities - 2,824 in 2025 and 2,318 in 2024)	10,097
Common stock, 0.01 par value 3,000,000,000 authorized shares, 83,133,678 shares issued and outstanding as of december31, 2025, and 96,720,179 shares issued and outstanding as of december31, 2024	1
Additional paid-in capital	1,276
Accumulated retained earnings	34
Accumulated other comprehensive loss	-22
Total stockholders' equity	1,289
Noncontrolling interest	151
Total equity	1,440
Total liabilities and equity	11,537

Unit: Million (M) dollars (except for numbers of shares and EPS).