Travel + Leisure Co. (TNL)
NYSE: TNL · Real-Time Price · USD
67.23
+1.61 (2.45%)
At close: Oct 27, 2026, 4:00 PM EDT
67.30
+0.07 (0.10%)
After-hours: Oct 27, 2026, 4:19 PM EDT
Travel + Leisure Co. Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 235 | 230 | 411 | 396 | 357 | 308 |
Depreciation & Amortization | 131 | 124 | 115 | 112 | 119 | 124 |
Loss (Gain) From Sale of Assets | - | - | - | 2 | 9 | - |
Asset Writedown & Restructuring Costs | 29 | 10 | 3 | - | 1 | 1 |
Loss (Gain) From Sale of Investments | - | - | - | - | - | -6 |
Stock-Based Compensation | 62 | 57 | 41 | 38 | 45 | 32 |
Other Operating Activities | 193 | 224 | 62 | 43 | 39 | 1 |
Change in Accounts Receivable | -485 | -500 | -514 | -522 | -401 | 20 |
Change in Inventory | -87 | -68 | -16 | 25 | 31 | -6 |
Change in Accounts Payable | 75 | 96 | -19 | -70 | -71 | 24 |
Change in Unearned Revenue | -41 | 5 | 10 | 30 | 12 | -72 |
Change in Other Net Operating Assets | -108 | -22 | -28 | -47 | - | 8 |
Operating Cash Flow | 512 | 640 | 464 | 350 | 442 | 568 |
Operating Cash Flow Growth | -16.61% | 37.93% | 32.57% | -20.81% | -22.18% | 51.87% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -95 | -117 | -81 | -74 | -52 | -57 |
Sale of Property, Plant & Equipment | 10 | 10 | 1 | - | 8 | - |
Cash Acquisitions | -290 | -1 | -44 | -6 | -2 | -37 |
Investment in Securities | -6 | 2 | - | - | - | - |
Other Investing Activities | -1 | -1 | - | - | -4 | 1 |
Investing Cash Flow | -382 | -107 | -124 | -80 | -50 | -93 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 4,380 | 3,715 | 3,957 | 2,181 | 2,072 |
Total Debt Issued | 5,430 | 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 | -4,992 | -4,391 | -3,774 | -3,969 | -1,850 | -3,178 |
Net Debt Issued (Repaid) | 438 | -11 | -59 | -12 | 331 | -1,106 |
Issuance of Common Stock | 18 | 34 | 15 | 9 | 10 | 11 |
Repurchase of Common Stock | -340 | -301 | -234 | -309 | -351 | -25 |
Common Dividends Paid | -149 | -149 | -142 | -136 | -135 | -109 |
Other Financing Activities | -17 | -16 | -38 | -52 | -51 | -59 |
Financing Cash Flow | -50 | -443 | -458 | -500 | -196 | -1,288 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 5 | 7 | -11 | - | -5 | -7 |
Net Cash Flow | 85 | 97 | -129 | -230 | 191 | -820 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 417 | 523 | 383 | 276 | 390 | 511 |
Free Cash Flow Growth | -17.59% | 36.55% | 38.77% | -29.23% | -23.68% | 67.54% |
Free Cash Flow Margin | 10.05% | 13.01% | 9.91% | 7.36% | 10.93% | 16.30% |
Free Cash Flow Per Share | 6.48 | 7.82 | 5.42 | 3.68 | 4.63 | 5.85 |
Levered Free Cash Flow | 789.88 | 512.88 | 292.38 | 83.63 | 337.5 | 720.88 |
Unlevered Free Cash Flow | 932.38 | 657.88 | 448 | 240.5 | 459.38 | 844.63 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 324 | 324 | 358 | 321 | 240 | 263 |
Cash Income Tax Paid | 87 | 87 | 100 | 144 | 153 | 110 |
Change in Working Capital | -646 | -489 | -567 | -584 | -429 | -26 |