Travel + Leisure Co. (TNL)

Travel + Leisure Co. Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	3,787	3,750	3,567	3,134	2,160	4,043
Revenue Growth (YoY)	4.12%	5.13%	13.82%	45.09%	-46.57%	2.85%
Cost of Revenue	1,958	1,929	1,839	1,597	1,233	1,940
Gross Profit	1,829	1,821	1,728	1,537	927	2,103
Selling, General & Admin	958	961	930	797	727	1,157
Other Operating Expenses	140	138	145	122	305	202
Operating Expenses	1,098	1,099	1,075	919	1,032	1,359
Operating Income	731	722	653	618	-105	744
Interest Expense / Income	257	251	195	198	192	162
Other Expense / Income	-23	-19	-29	-4	-19	-116
Pretax Income	497	490	487	424	-278	698
Income Tax	98	94	130	116	-23	191
Net Income	399	396	357	308	-255	507
Net Income Growth	7.55%	10.92%	15.91%	-	-	-24.55%
Shares Outstanding (Basic)	71	72	81	86	86	91
Shares Change	-8.42%	-10.90%	-5.88%	0.58%	-5.34%	-6.92%
EPS (Basic)	5.44	5.31	4.28	3.56	-2.97	5.50
EPS (Diluted)	5.41	5.28	4.24	3.52	-2.97	5.48
EPS Growth	21.03%	24.53%	20.45%	-	-	-19.05%
Free Cash Flow	311	276	390	511	305	344
Free Cash Flow Per Share	4.38	3.81	4.80	5.92	3.55	3.79
Dividend Per Share	1.850	1.800	1.600	1.250	1.600	1.800
Dividend Growth	12.12%	12.50%	28.00%	-21.88%	-11.11%	-4.76%
Gross Margin	48.30%	48.56%	48.44%	49.04%	42.92%	52.02%
Operating Margin	19.30%	19.25%	18.31%	19.72%	-4.86%	18.40%
Profit Margin	10.54%	10.56%	10.01%	9.83%	-11.81%	12.54%
Free Cash Flow Margin	8.21%	7.36%	10.93%	16.31%	14.12%	8.51%
Effective Tax Rate	19.72%	19.18%	26.69%	27.36%	-	27.36%
EBITDA	882	869	817	763	63	1,012
EBITDA Margin	23.29%	23.17%	22.90%	24.35%	2.92%	25.03%
Depreciation & Amortization	128	128	135	141	149	152
EBIT	754	741	682	622	-86	860
EBIT Margin	19.91%	19.76%	19.12%	19.85%	-3.98%	21.27%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).