Travel & Leisure Co.
For the period ended Sep 30, 2024. Filed Oct 23, 2024.
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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.
Sep 30, 2024 · Filed Oct 23, 2024
TNL$78.29+3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In millions, except share data)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $194 | $282 |
| Restricted cash (VIE - $86 as of 2024 and $96 as of 2023) | 155 | 176 |
| Trade receivables, net | 152 | 179 |
| Vacation ownership contract receivables, net (VIE - $2,218 as of 2024 and $2,291 as of 2023) | 2,612 | 2,527 |
| Inventory | 1,208 | 1,135 |
| Prepaid expenses | 233 | 229 |
| Property and equipment, net | 594 | 655 |
| Goodwill | 971 | 962 |
| Other intangibles, net | 215 | 199 |
| Other assets | 364 | 394 |
| Total assets | $6,698 | $6,738 |
| Liabilities and (deficit) | ||
| Accounts payable | $55 | $73 |
| Accrued expenses and other liabilities | 779 | 807 |
| Deferred income | 450 | 442 |
| Non-recourse vacation ownership debt (VIE) | 2,029 | 2,071 |
| Debt | 3,548 | 3,575 |
| Deferred income taxes | 698 | 687 |
| Total liabilities | 7,559 | 7,655 |
| Commitments and contingencies (Note 16) | ||
| 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, 224,443,436 issued as of 2024 and 223,767,468 as of 2023 | 2 | 2 |
| Treasury stock, at cost – 156,101,172 shares as of 2024 and 152,336,714 shares as of 2023 | (7,362) | (7,196) |
| Additional paid-in capital | 4,309 | 4,279 |
| Retained earnings | 2,250 | 2,067 |
| Accumulated other comprehensive loss | (61) | (70) |
| Total stockholders’ (deficit) | (862) | (918) |
| Noncontrolling interest | 1 | 1 |
| Total (deficit) | (861) | (917) |
| Total liabilities and (deficit) | $6,698 | $6,738 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.