Travel + Leisure Co. Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	410	411	396	357	308	-255
Depreciation & Amortization	121	115	112	119	124	126
Loss (Gain) From Sale of Assets	-	-	2	9	-	-
Asset Writedown & Restructuring Costs	9	3	-	1	1	46
Loss (Gain) From Sale of Investments	-	-	-	-	-6	6
Stock-Based Compensation	50	41	38	45	32	20
Other Operating Activities	97	62	43	39	1	-51
Change in Accounts Receivable	-494	-514	-522	-401	20	267
Change in Inventory	-57	-16	25	31	-6	-119
Change in Accounts Payable	-11	-19	-70	-71	24	-21
Change in Unearned Revenue	37	10	30	12	-72	-100
Change in Other Net Operating Assets	-28	-28	-47	-	8	38
Operating Cash Flow	614	464	350	442	568	374
Operating Cash Flow Growth	18.53%	32.57%	-20.81%	-22.18%	51.87%	-17.26%
Capital Expenditures	-108	-81	-74	-52	-57	-69
Sale of Property, Plant & Equipment	-	1	-	8	-	-
Cash Acquisitions	-1	-44	-6	-2	-37	-
Investment in Securities	8	-	-	-	-	-
Other Investing Activities	-	-	-	-4	1	4
Investing Cash Flow	-101	-124	-80	-50	-93	-65
Long-Term Debt Issued	-	3,715	3,957	2,181	2,072	3,268
Total Debt Issued	4,341	3,715	3,957	2,181	2,072	3,268
Long-Term Debt Repaid	-	-3,774	-3,969	-1,850	-3,178	-2,458
Total Debt Repaid	-4,343	-3,774	-3,969	-1,850	-3,178	-2,458
Net Debt Issued (Repaid)	-2	-59	-12	331	-1,106	810
Issuance of Common Stock	33	15	9	10	11	7
Repurchase of Common Stock	-283	-234	-309	-351	-25	-128
Common Dividends Paid	-148	-142	-136	-135	-109	-138
Other Financing Activities	-44	-38	-52	-51	-59	-49
Financing Cash Flow	-444	-458	-500	-196	-1,288	502
Foreign Exchange Rate Adjustments	-4	-11	-	-5	-7	4
Net Cash Flow	65	-129	-230	191	-820	815
Free Cash Flow	506	383	276	390	511	305
Free Cash Flow Growth	18.22%	38.77%	-29.23%	-23.68%	67.54%	-11.34%
Free Cash Flow Margin	12.75%	9.91%	7.36%	10.93%	16.30%	14.12%
Free Cash Flow Per Share	7.48	5.42	3.68	4.63	5.85	3.54
Cash Interest Paid	261	358	321	240	263	237
Cash Income Tax Paid	95	100	144	153	110	50
Levered Free Cash Flow	351	292.38	83.63	337.5	720.88	561.38
Unlevered Free Cash Flow	497.88	448	240.5	459.38	844.63	681.38
Change in Working Capital	-553	-567	-584	-429	-26	65

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