Travel + Leisure Co. (LON:0M1K)

Travel + Leisure Co. Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	230	411	396	357	308
Depreciation & Amortization	124	115	112	119	124
Stock-Based Compensation	57	41	38	45	32
Other Adjustments	718	464	388	350	130
Change in Receivables	-500	-514	-522	-401	20
Changes in Inventories	-68	-16	25	31	-6
Changes in Accounts Payable	96	-19	-70	-71	24
Changes in Unearned Revenue	5	10	30	12	-72
Changes in Other Operating Activities	-22	-28	-47	0	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	-
Purchases of Investments	-19	-	-	-	-
Proceeds from Sale of Investments	21	-	-	-	-
Payments for Business Acquisitions	-1	-44	-6	-2	-37
Other Investing Activities	-1	0	-	-4	1
Investing Cash Flow	-107	-124	-80	-50	-93
Long-Term Debt Issued	4,380	3,715	3,957	2,181	2,072
Long-Term Debt Repaid	-4,391	-3,774	-3,975	-1,856	-3,178
Net Long-Term Debt Issued (Repaid)	-11	-59	-18	325	-1,106
Issuance of Common Stock	34	15	9	10	11
Repurchase of Common Stock	-315	-243	-319	-358	-34
Net Common Stock Issued (Repurchased)	-281	-228	-310	-348	-23
Common Dividends Paid	-149	-142	-136	-135	-109
Other Financing Activities	-27	-4	-36	-38	-50
Financing Cash Flow	-443	-458	-500	-196	-1,288
Effect of Exchange Rate Changes on Cash and Cash Equivalents	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%
FCF Margin	13.01%	9.91%	7.36%	10.93%	16.31%
Free Cash Flow Per Share	7.82	5.42	3.68	4.63	5.85
Levered Free Cash Flow	237	333	354	721	-777
Unlevered Free Cash Flow	395.42	521.11	556.45	517.33	471.9

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.