Travel & Leisure Co.
For the period ended Jun 30, 2024. Filed Jul 24, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 24, 2024
TNL$80.35+2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Income
(In millions, except per share amounts)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net revenues | ||||
| Service and membership fees | $413 | $424 | $832 | $844 |
| Vacation ownership interest sales | 441 | 401 | 810 | 739 |
| Consumer financing | 111 | 103 | 221 | 206 |
| Other | 20 | 21 | 37 | 40 |
| Net revenues | 985 | 949 | 1,900 | 1,829 |
| Expenses | ||||
| Operating | 442 | 427 | 880 | 847 |
| Cost of vacation ownership interests | 21 | 33 | 55 | 64 |
| Consumer financing interest | 33 | 27 | 66 | 52 |
| Marketing | 144 | 127 | 265 | 238 |
| General and administrative | 128 | 114 | 239 | 239 |
| Depreciation and amortization | 28 | 28 | 56 | 55 |
| Restructuring | — | 11 | — | 11 |
| Asset recoveries, net | — | (1) | — | (1) |
| Total expenses | 796 | 766 | 1,561 | 1,505 |
| Loss on sale of business | — | — | — | 2 |
| Operating income | 189 | 183 | 339 | 322 |
| Interest expense | 63 | 61 | 127 | 119 |
| Other (income), net | (4) | — | (5) | (1) |
| Interest (income) | (3) | (3) | (8) | (6) |
| Income before income taxes | 133 | 125 | 225 | 210 |
| Provision for income taxes | 36 | 36 | 62 | 58 |
| Net income from continuing operations | 97 | 89 | 163 | 152 |
| Gain on disposal of discontinued business, net of income taxes | 32 | 5 | 32 | 5 |
| Net income attributable to Travel + Leisure Co. shareholders | $129 | $94 | $195 | $157 |
| Basic earnings per share | ||||
| Continuing operations | $1.36 | $1.18 | $2.29 | $1.99 |
| Discontinued operations | 0.46 | 0.07 | 0.45 | 0.07 |
| $1.82 | $1.25 | $2.74 | $2.06 | |
| Diluted earnings per share | ||||
| Continuing operations | $1.36 | $1.18 | $2.28 | $1.98 |
| Discontinued operations | 0.45 | 0.07 | 0.45 | 0.07 |
| $1.81 | $1.25 | $2.73 | $2.05 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.