For the quarter ending 2025-09-30, HGV had -$49M decrease in cash & cash equivalents over the period. $13M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 30 | 16 |
| Depreciation and amortization | 67 | 126 |
| Amortization of deferred financing costs, acquisition premiums and other | 20 | 37 |
| Provision for financing receivables losses | 131 | 180 |
| Impairment expense | 1 | 1 |
| Other (gain) loss, net | -3 | 10 |
| Share-based compensation | 19 | 35 |
| Deferred income tax expense | 0 | 6 |
| Equity in earnings from unconsolidated affiliates | 6 | 11 |
| Return on investment in unconsolidated affiliates | 5 | 5 |
| Accounts receivable, net | -6 | 123 |
| Timeshare financing receivables, net | 247 | 224 |
| Inventory | 22 | 63 |
| Purchases and development of real estate for future conversion to inventory | 12 | 61 |
| Other assets | -120 | 222 |
| Accounts payable, accrued expenses and other | -160 | 99 |
| Advanced deposits | -6 | 9 |
| Deferred revenue | 85 | 299 |
| Net cash provided by operating activities | 34 | 99 |
| Acquisitions, net of cash, cash equivalents and restricted cash acquired | 0 | 0 |
| Capital expenditures for property and equipment (excluding inventory) | 21 | 29 |
| Software capitalization costs | 17 | 37 |
| Other | 0 | 0 |
| Net cash used in investing activities | -38 | -66 |
| Proceeds from debt | 810 | 1,427 |
| Proceeds from non-recourse debt | 1,065 | 1,690 |
| Repayment of debt | 674 | 1,507 |
| Repayment of non-recourse debt | 1,087 | 1,511 |
| Payment of debt issuance costs | 8 | 13 |
| Repurchase and retirement of common stock | 150 | 300 |
| Payment of withholding taxes on vesting of restricted stock units | 1 | 8 |
| Proceeds from employee stock plan purchases | 0 | 8 |
| Proceeds from stock option exercises | 9 | 2 |
| Distributions to noncontrolling interest holder | 0 | - |
| Other | -3 | -1 |
| Net cash (used in) provided by financing activities | -39 | -213 |
| Effect of changes in exchange rates on cash, cash equivalents and restricted cash | -6 | 6 |
| Net decrease in cash, cash equivalents and restricted cash | -49 | -174 |
| Cash and cash equivalents at beginning of period | 766 | - |
| Cash and cash equivalents at end of period | 543 | - |
Hilton Grand Vacations Inc. (HGV)
Hilton Grand Vacations Inc. (HGV)