Travel & Leisure Co.
For the period ended Sep 30, 2026. Filed Oct 27, 2026.
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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, 2026 · Filed Oct 27, 2026
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 Balance Sheets
(In millions, except share data)
| September 30,2026 | December 31,2025 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $306 | $253 |
| Restricted cash (VIE - $82 as of 2026 and $87 as of 2025) | 193 | 173 |
| Trade receivables, net | 183 | 165 |
| Vacation ownership contract receivables, net (VIE - $2,171 as of 2026 and $2,281 as of 2025) | 2,687 | 2,638 |
| Inventory | 1,148 | 1,128 |
| Prepaid expenses | 249 | 214 |
| Property and equipment, net | 607 | 531 |
| Goodwill | 1,045 | 972 |
| Other intangibles, net | 299 | 201 |
| Other assets | 584 | 485 |
| Total assets | $7,301 | $6,760 |
| Liabilities and (deficit) | ||
| Accounts payable | $78 | $62 |
| Accrued expenses and other liabilities | 965 | 910 |
| Deferred income | 453 | 468 |
| Non-recourse vacation ownership debt (VIE) | 2,025 | 2,124 |
| Debt | 4,041 | 3,474 |
| Deferred income taxes | 746 | 704 |
| Total liabilities | 8,308 | 7,742 |
| 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, 226,651,426 issued as of 2026 and 225,937,948 as of 2025 | 3 | 3 |
| Treasury stock, at cost – 166,395,786 shares as of 2026 and 162,880,360 shares as of 2025 | (7,988) | (7,735) |
| Additional paid-in capital | 4,445 | 4,405 |
| Retained earnings | 2,594 | 2,412 |
| Accumulated other comprehensive loss | (61) | (66) |
| Total stockholders’ (deficit) | (1,007) | (981) |
| Noncontrolling interest | — | (1) |
| Total (deficit) | (1,007) | (982) |
| Total liabilities and (deficit) | $7,301 | $6,760 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.