Share Repurchases — During the primary quarter of 2023, the Company repurchased 2.5 million shares of widespread inventory for $102 million at a weighted common worth of $40.13 per share. As of March 31, 2023, the Company had $375 million remaining in its share repurchase authorization. Cash Flow — For the three months ended March 31, 2023, net cash supplied by working activities was $7 million compared to $141 million in the prior yr period. Timeshare Receivables Financing — Subsequent to the end of the primary quarter, the Company closed on a $250 million term securitization transaction with a weighted average coupon of 6.3% and a 91.3% advance rate. Net Debt — As of March 31, 2023, the Company’s leverage ratio for covenant functions was 3.7x.
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