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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Total revenues $ 1,999,000,000 $ 1,711,000,000 $ 1,583,000,000
Expenses      
General and administrative 117,000,000 104,000,000 92,000,000
Depreciation and amortization 36,000,000 29,000,000 24,000,000
Total operating expenses 1,565,000,000 1,374,000,000 1,260,000,000
Interest expense (30,000,000) (27,000,000) (3,000,000)
Allocated Parent interest expense     (26,000,000)
Equity in earnings from unconsolidated affiliates   1,000,000  
Other loss, net (1,000,000)   (1,000,000)
Income before income taxes 403,000,000 311,000,000 293,000,000
Income tax (expense) benefit (105,000,000) 16,000,000 (125,000,000)
Net income [1] $ 298,124,983 $ 326,777,744 $ 167,618,659 [2]
Earnings per share:      
Basic [3] $ 3.07 $ 3.30 $ 1.70
Diluted [3] $ 3.05 $ 3.28 $ 1.70
Sales of VOIs, Net      
Revenues      
Total revenues $ 734,000,000 $ 548,000,000 $ 508,000,000
Sales, Marketing, Brand and Other Fees      
Revenues      
Total revenues 570,000,000 544,000,000 499,000,000
Financing      
Revenues      
Total revenues 158,000,000 147,000,000 134,000,000
Expenses      
Expenses 49,000,000 43,000,000 32,000,000
Resort and Club Management      
Revenues      
Total revenues 172,000,000 158,000,000 143,000,000
Expenses      
Expenses 47,000,000 43,000,000 36,000,000
Rental and Ancillary Services      
Revenues      
Total revenues 218,000,000 179,000,000 173,000,000
Expenses      
Expenses 133,000,000 122,000,000 113,000,000
Cost Reimbursements      
Revenues      
Total revenues 147,000,000 135,000,000 126,000,000
Expenses      
Expenses 147,000,000 135,000,000 126,000,000
Cost of VOI Sales      
Expenses      
Expenses 210,000,000 148,000,000 152,000,000
Sales and Marketing      
Expenses      
Expenses 728,000,000 663,000,000 605,000,000
License Fee Expense      
Expenses      
Expenses $ 98,000,000 $ 87,000,000 $ 80,000,000
[1] Net income for years ended December 31, 2018, 2017, and 2016 was $298,124,983; $326,777,744 and $167,618,659, respectively.
[2] Net income earned prior to October 24, 2016, is included in Additional paid-in-capital instead of Accumulated retained earnings since the accumulated of retained earnings began as of the date of issuance of the Company’s common stock to Park Hotels & Resorts Inc. See Note 1: Organization for further discussion
[3] For the year ended December 31, 2016, basic and diluted earnings per share was calculated based on shares distributed to Hilton Grand Vacations Inc.’s shareholders on January 3, 2017. See Note 19: Earnings Per Share for further discussion.