Travel + Leisure Co. Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	230	411	396	357	308
Depreciation & Amortization	124	115	112	119	124
Loss (Gain) From Sale of Assets	-	-	2	9	-
Asset Writedown & Restructuring Costs	10	3	-	1	1
Loss (Gain) From Sale of Investments	-	-	-	-	-6
Stock-Based Compensation	57	41	38	45	32
Other Operating Activities	224	62	43	39	1
Change in Accounts Receivable	-500	-514	-522	-401	20
Change in Inventory	-68	-16	25	31	-6
Change in Accounts Payable	96	-19	-70	-71	24
Change in Unearned Revenue	5	10	30	12	-72
Change in Other Net Operating Assets	-22	-28	-47	-	8
Operating Cash Flow	640	464	350	442	568
Operating Cash Flow Growth	37.93%	32.57%	-20.81%	-22.18%	51.87%
Capital Expenditures	-117	-81	-74	-52	-57
Sale of Property, Plant & Equipment	10	1	-	8	-
Cash Acquisitions	-1	-44	-6	-2	-37
Investment in Securities	2	-	-	-	-
Other Investing Activities	-1	-	-	-4	1
Investing Cash Flow	-107	-124	-80	-50	-93
Long-Term Debt Issued	4,380	3,715	3,957	2,181	2,072
Total Debt Issued	4,380	3,715	3,957	2,181	2,072
Long-Term Debt Repaid	-4,391	-3,774	-3,969	-1,850	-3,178
Total Debt Repaid	-4,391	-3,774	-3,969	-1,850	-3,178
Net Debt Issued (Repaid)	-11	-59	-12	331	-1,106
Issuance of Common Stock	34	15	9	10	11
Repurchase of Common Stock	-301	-234	-309	-351	-25
Common Dividends Paid	-149	-142	-136	-135	-109
Other Financing Activities	-16	-38	-52	-51	-59
Financing Cash Flow	-443	-458	-500	-196	-1,288
Foreign Exchange Rate Adjustments	7	-11	-	-5	-7
Net Cash Flow	97	-129	-230	191	-820
Free Cash Flow	523	383	276	390	511
Free Cash Flow Growth	36.55%	38.77%	-29.23%	-23.68%	67.54%
Free Cash Flow Margin	13.01%	9.91%	7.36%	10.93%	16.30%
Free Cash Flow Per Share	7.82	5.42	3.68	4.63	5.85
Cash Interest Paid	324	358	321	240	263
Cash Income Tax Paid	87	100	144	153	110
Levered Free Cash Flow	512.88	292.38	83.63	337.5	720.88
Unlevered Free Cash Flow	657.88	448	240.5	459.38	844.63
Change in Working Capital	-489	-567	-584	-429	-26

Source: S&P Global Market Intelligence. Standard template. Financial Sources.