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$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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Condensed Consolidated Statements of Income
(In millions, except per share amounts)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net revenues | ||||
| Vacation ownership interest sales | $455 | $433 | $1,265 | $1,172 |
| Service and membership fees | 400 | 419 | 1,232 | 1,263 |
| Consumer financing | 114 | 107 | 335 | 313 |
| Other | 24 | 27 | 61 | 66 |
| Net revenues | 993 | 986 | 2,893 | 2,814 |
| Expenses | ||||
| Operating | 434 | 428 | 1,314 | 1,275 |
| Marketing | 152 | 141 | 417 | 379 |
| General and administrative | 111 | 108 | 350 | 347 |
| Consumer financing interest | 35 | 29 | 101 | 81 |
| Depreciation and amortization | 29 | 28 | 86 | 83 |
| Cost of vacation ownership interests | 27 | 43 | 82 | 107 |
| Restructuring | 14 | 2 | 14 | 12 |
| Asset impairments/(recoveries), net | 2 | — | 2 | (1) |
| Total expenses | 804 | 779 | 2,366 | 2,283 |
| Loss on sale of business | — | — | — | 2 |
| Operating income | 189 | 207 | 527 | 529 |
| Interest expense | 63 | 64 | 189 | 183 |
| Other (income), net | (1) | (2) | (6) | (3) |
| Interest (income) | (3) | (3) | (12) | (9) |
| Income before income taxes | 130 | 148 | 356 | 358 |
| Provision for income taxes | 33 | 38 | 96 | 96 |
| Net income from continuing operations | 97 | 110 | 260 | 262 |
| Gain on disposal of discontinued business, net of income taxes | — | — | 32 | 5 |
| Net income attributable to Travel + Leisure Co. shareholders | $97 | $110 | $292 | $267 |
| Basic earnings per share | ||||
| Continuing operations | $1.40 | $1.50 | $3.68 | $3.48 |
| Discontinued operations | — | — | 0.45 | 0.07 |
| $1.40 | $1.50 | $4.13 | $3.55 | |
| Diluted earnings per share | ||||
| Continuing operations | $1.39 | $1.49 | $3.66 | $3.46 |
| Discontinued operations | — | — | 0.45 | 0.07 |
| $1.39 | $1.49 | $4.11 | $3.53 | |
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