Travel & Leisure Co.
For the period ended Mar 31, 2025. Filed Apr 23, 2025.
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.
Mar 31, 2025 · Filed Apr 23, 2025
TNL$78.29+3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(In millions, except share data)
| March 31,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $188 | $167 |
| Restricted cash (VIE - $112 as of 2025 and $92 as of 2024) | 179 | 162 |
| Trade receivables, net | 171 | 155 |
| Vacation ownership contract receivables, net (VIE - $2,299 as of 2025 and $2,293 as of 2024) | 2,580 | 2,619 |
| Inventory | 1,221 | 1,227 |
| Prepaid expenses | 253 | 214 |
| Property and equipment, net | 587 | 591 |
| Goodwill | 968 | 966 |
| Other intangibles, net | 209 | 209 |
| Other assets | 408 | 425 |
| Total assets | $6,764 | $6,735 |
| Liabilities and (deficit) | ||
| Accounts payable | $67 | $67 |
| Accrued expenses and other liabilities | 712 | 778 |
| Deferred income | 486 | 457 |
| Non-recourse vacation ownership debt (VIE) | 2,174 | 2,123 |
| Debt | 3,484 | 3,468 |
| Deferred income taxes | 744 | 722 |
| Total liabilities | 7,667 | 7,615 |
| Commitments and contingencies (Note 15) | ||
| 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, 225,208,290 issued as of 2025 and 224,599,556 as of 2024 | 3 | 2 |
| Treasury stock, at cost – 158,815,812 shares as of 2025 and 157,476,502 shares as of 2024 | (7,504) | (7,433) |
| Additional paid-in capital | 4,331 | 4,328 |
| Retained earnings | 2,367 | 2,334 |
| Accumulated other comprehensive loss | (100) | (112) |
| Total stockholders’ (deficit) | (903) | (881) |
| Noncontrolling interest | — | 1 |
| Total (deficit) | (903) | (880) |
| Total liabilities and (deficit) | $6,764 | $6,735 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.