Travel & Leisure Co.
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
TNL$80.35+2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
(In millions, except share data)
| As of December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Cash and cash equivalents | $282 | $550 |
| Restricted cash (VIE - $96 as of 2023 and $83 as of 2022) | 176 | 138 |
| Trade receivables, net | 179 | 160 |
| Vacation ownership contract receivables, net (VIE - $2,291 as of 2023 and $2,164 as of 2022) | 2,527 | 2,370 |
| Inventory | 1,135 | 1,193 |
| Prepaid expenses | 229 | 202 |
| Property and equipment, net | 655 | 658 |
| Goodwill | 962 | 955 |
| Other intangibles, net | 199 | 207 |
| Other assets | 394 | 324 |
| Total assets | $6,738 | $6,757 |
| Liabilities and (deficit) | ||
| Accounts payable | $73 | $65 |
| Accrued expenses and other liabilities | 807 | 876 |
| Deferred income | 442 | 399 |
| Non-recourse vacation ownership debt (VIE) | 2,071 | 1,973 |
| Debt | 3,575 | 3,669 |
| Deferred income taxes | 687 | 679 |
| Total liabilities | 7,655 | 7,661 |
| Commitments and contingencies (Note 19) | ||
| Stockholders' (deficit): | ||
| Preferred stock, $0.01 par value, authorized 6,000,000 shares, none issued and outstanding | — | — |
| Common stock, $0.01 par value, 600,000,000 shares authorized, 223,767,468 issued as of 2023 and 222,895,523 as of 2022 | 2 | 2 |
| Treasury stock, at cost – 152,336,714 shares as of 2023 and 144,499,361 shares as of 2022 | (7,196) | (6,886) |
| Additional paid-in capital | 4,279 | 4,242 |
| Retained earnings | 2,067 | 1,808 |
| Accumulated other comprehensive loss | (70) | (79) |
| Total stockholders’ (deficit) | (918) | (913) |
| Noncontrolling interest | 1 | 9 |
| Total (deficit) | (917) | (904) |
| Total liabilities and (deficit) | $6,738 | $6,757 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.