← Travel & Leisure Co.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $611.0m | $871.0m | $672.0m | $507.0m | ($255.0m) | $308.0m | $357.0m | $396.0m | $411.0m | $230.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $612.0m | $872.0m | $672.0m | $507.0m | ($255.0m) | $308.0m | $357.0m | $396.0m | $411.0m | $230.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | $489.0m | ($253.0m) | $313.0m | $356.0m | $391.0m | $378.0m | $230.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | $819.0m | $266.0m | $489.0m | ($253.0m) | $313.0m | $356.0m | $391.0m | $378.0m | $230.0m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $53.0m | ($50.0m) | $0 | ($2.0m) | — | ($1.0m) | — | — | $0 | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $1.0m | $1.0m | $0 | $0 | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $214.0m | $181.0m | $138.0m | $121.0m | $126.0m | $124.0m | $119.0m | $112.0m | $115.0m | $124.0m | |
| Amortization of Intangible Assets | $38.0m | $31.0m | $12.0m | $9.0m | $10.0m | $9.0m | $9.0m | $10.0m | $10.0m | $10.0m | |
| Depreciation, Nonproduction | — | — | — | — | — | — | — | — | $105.0m | $114.0m | |
| Deferred Income Tax Expense (Benefit) | $93.0m | ($404.0m) | $122.0m | $79.0m | ($88.0m) | ($39.0m) | ($4.0m) | $8.0m | $26.0m | ($21.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $68.0m | $70.0m | $129.0m | $24.0m | $20.0m | $32.0m | $45.0m | $38.0m | $41.0m | $57.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $36.0m | $39.0m | $60.0m | $4.0m | $2.0m | $9.0m | $7.0m | $10.0m | $9.0m | $14.0m | |
| Share-based Payment Arrangement, Expense | — | — | $150.0m | $24.0m | $20.0m | $32.0m | $45.0m | $38.0m | $41.0m | $57.0m | |
| Goodwill, Impairment Loss | $0 | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Extinguishment of Debt | ($11.0m) | $0 | $0 | — | — | — | — | — | — | — | |
| Financing Interest Expense | — | — | — | $106.0m | $101.0m | $81.0m | $79.0m | $112.0m | $136.0m | $135.0m | |
| Gain (Loss) on Disposition of Business | — | — | — | $68.0m | $0 | $0 | — | ($2.0m) | $0 | $0 | |
| Income Tax Expense (Benefit) | $328.0m | ($229.0m) | $130.0m | $191.0m | ($23.0m) | $116.0m | $130.0m | $94.0m | $135.0m | $107.0m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | $15.0m | $7.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $24.0m | $3.0m | $27.0m | $15.0m | ($30.0m) | $15.0m | $28.0m | $18.0m | ($35.0m) | ($3.0m) | |
| Increase (Decrease) in Inventories | $27.0m | $71.0m | $27.0m | ($13.0m) | $119.0m | $6.0m | ($31.0m) | ($25.0m) | $16.0m | $68.0m | |
| Increase (Decrease) in Other Operating Assets | ($8.0m) | $21.0m | $17.0m | ($1.0m) | ($23.0m) | ($32.0m) | $23.0m | $20.0m | $42.0m | $24.0m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | $75.0m | $100.0m | $125.0m | $127.0m | $83.0m | $80.0m | $97.0m | $113.0m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | ($5.0m) | $0 | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | ($9.0m) | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $0 | $0 | $0 | ($18.0m) | $2.0m | $5.0m | ($1.0m) | ($5.0m) | ($33.0m) | $0 | |
| General and Administrative Expense | $714.0m | $648.0m | $513.0m | $491.0m | $398.0m | $434.0m | $479.0m | $454.0m | $475.0m | $498.0m | |
| Goodwill | $1.6b | $1.3b | $922.0m | $970.0m | $964.0m | $961.0m | $955.0m | $962.0m | $966.0m | $972.0m | |
| Inventory Write-down | — | $28.0m | — | — | — | — | $0 | — | — | — | |
| Investment Income, Interest | — | — | — | $7.0m | $7.0m | $3.0m | $6.0m | $13.0m | — | — | |
| Operating Costs and Expenses | $2.5b | $2.2b | $1.6b | $1.6b | $1.1b | $1.4b | $1.6b | $1.7b | $1.7b | $1.8b | |
| Pension Cost (Reversal of Cost) | $3.0m | $1.0m | ($1.0m) | — | — | $0 | $0 | $0 | $0 | $0 | |
| Provision for Loan, Lease, and Other Losses | $342.0m | $420.0m | $456.0m | $479.0m | $415.0m | $129.0m | $302.0m | $348.0m | $432.0m | $484.0m | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $0 | $0 | $456.0m | $18.0m | ($2.0m) | ($5.0m) | $1.0m | $5.0m | $33.0m | $0 | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | $0 | $0 | ($456.0m) | ($18.0m) | $0 | $5.0m | ($1.0m) | ($5.0m) | ($33.0m) | $0 | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | $22.0m | $3.0m | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $973.0m | $987.0m | $442.0m | $452.0m | $374.0m | $568.0m | $442.0m | $350.0m | $464.0m | $640.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $191.0m | $153.0m | $99.0m | $108.0m | $69.0m | $57.0m | $52.0m | $74.0m | $81.0m | $117.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $133.0m | $193.0m | $5.0m | $51.0m | $0 | $37.0m | $2.0m | $6.0m | $44.0m | $1.0m | |
| Payments to Acquire Investments | — | — | — | — | — | — | — | $0 | $0 | $19.0m | |
| Payments for (Proceeds from) Other Investing Activities | $13.0m | ($22.0m) | $7.0m | ($3.0m) | ($9.0m) | ($1.0m) | ($1.0m) | $0 | $1.0m | $1.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($353.0m) | ($394.0m) | ($725.0m) | ($66.0m) | ($65.0m) | ($93.0m) | ($50.0m) | ($80.0m) | ($124.0m) | ($107.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $3.2b | — | — | — | — | — | — | — | |
| Repayments of Long-term Debt | — | — | $3.5b | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | $0 | $0 | $11.0m | $7.0m | $11.0m | $10.0m | $9.0m | $15.0m | $34.0m | |
| Payments for Repurchase of Common Stock | $619.0m | $599.0m | $330.0m | $340.0m | $128.0m | $25.0m | $351.0m | $309.0m | $234.0m | $301.0m | |
| Payments of Ordinary Dividends, Common Stock | $223.0m | $242.0m | $194.0m | $166.0m | $138.0m | $109.0m | $135.0m | $136.0m | $142.0m | $149.0m | |
| Payments of Dividends | $223.0m | $242.0m | $194.0m | $166.0m | $138.0m | $109.0m | $135.0m | $136.0m | $142.0m | $149.0m | |
| Proceeds from (Payments for) Other Financing Activities | ($2.0m) | ($5.0m) | ($4.0m) | $0 | $0 | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($586.0m) | ($559.0m) | $280.0m | ($289.0m) | $502.0m | ($1.3b) | ($196.0m) | ($500.0m) | ($458.0m) | ($443.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($12.0m) | $98.0m | $815.0m | ($820.0m) | $191.0m | ($230.0m) | ($129.0m) | $97.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($20.0m) | $17.0m | $404.0m | $1.0m | $4.0m | ($7.0m) | ($5.0m) | $0 | $329.0m | $426.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | $196.0m | $233.0m | $108.0m | $89.0m | $50.0m | $110.0m | $153.0m | $144.0m | $100.0m | $87.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.