HGV: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, HGV has $11,935M in assets. $10,585M in debts. $261M in cash and cash equivalents.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	261	239	215	269
Restricted cash	291	332	328	323
Accounts receivable, net	274	270	440	444
Timeshare financing receivables, net	3,130	3,115	3,059	2,979
Inventory	2,541	2,522	2,454	2,406
Property and equipment, net	871	859	854	828
Operating lease right-of-use assets, net	69	72	74	77
Investments in unconsolidated affiliates	68	63	79	74
Goodwill	1,985	1,985	1,985	1,985
Intangible assets, net	1,627	1,670	1,726	1,760
Other assets	818	410	466	593
Total assets (variable interest entities - 2,631 and 2,601)	11,935	11,537	11,680	11,738

Accounts payable, accrued expenses and other	1,268	1,018	1,067	1,216
Advanced deposits	233	228	228	235
Debt, net	4,757	4,545	4,719	4,574
Non-recourse debt, net	2,552	2,716	2,472	2,499
Operating lease liabilities	86	89	91	95
Deferred revenue	825	637	635	551
Deferred income tax liabilities	864	864	927	928
Total liabilities (variable interest entities - 2,629 and 2,824)	10,585	10,097	10,139	10,098
Common stock, 0.01 par value 3,000,000,000 authorized shares, 80,656,367 shares issued and outstanding as of march31, 2026, and 83,133,678 shares issued and outstanding as of december31, 2025	1	1	1	1
Additional paid-in capital	1,226	1,276	1,308	1,326
Accumulated (deficit) retained earnings	-5	34	88	167
Accumulated other comprehensive loss	-25	-22	-12	-5
Total stockholders' equity	1,197	1,289	1,385	1,489
Noncontrolling interest	153	151	156	151
Total equity	1,350	1,440	1,541	1,640
Total liabilities and equity	11,935	11,537	11,680	11,738

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.