Travel & Leisure Co.
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
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
CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Cash and cash equivalents | $167 | $282 |
| Restricted cash (VIE - $92 as of 2024 and $96 as of 2023) | 162 | 176 |
| Trade receivables, net | 155 | 179 |
| Vacation ownership contract receivables, net (VIE - $2,293 as of 2024 and $2,291 as of 2023) | 2,619 | 2,527 |
| Inventory | 1,227 | 1,135 |
| Prepaid expenses | 214 | 229 |
| Property and equipment, net | 591 | 655 |
| Goodwill | 966 | 962 |
| Other intangibles, net | 209 | 199 |
| Other assets | 425 | 394 |
| Total assets | $6,735 | $6,738 |
| Liabilities and (deficit) | ||
| Accounts payable | $67 | $73 |
| Accrued expenses and other liabilities | 778 | 807 |
| Deferred income | 457 | 442 |
| Non-recourse vacation ownership debt (VIE) | 2,123 | 2,071 |
| Debt | 3,468 | 3,575 |
| Deferred income taxes | 722 | 687 |
| Total liabilities | 7,615 | 7,655 |
| 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, 224,599,556 issued as of 2024 and 223,767,468 as of 2023 | 2 | 2 |
| Treasury stock, at cost – 157,476,502 shares as of 2024 and 152,336,714 shares as of 2023 | (7,433) | (7,196) |
| Additional paid-in capital | 4,328 | 4,279 |
| Retained earnings | 2,334 | 2,067 |
| Accumulated other comprehensive loss | (112) | (70) |
| Total stockholders’ (deficit) | (881) | (918) |
| Noncontrolling interest | 1 | 1 |
| Total (deficit) | (880) | (917) |
| Total liabilities and (deficit) | $6,735 | $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.