Travel + Leisure Co. (TNL) quarterly cash flow statement — complete operating, investing & financing history
Travel + Leisure Co. (TNL) cash flow statement — 21-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 130M | 165M | 38M | 124M | 516M | 232M | 121M | 98M | 145M | 174M | 47M | 152M | 88M | 103M | 7M | 175M | 37M | 89M | 141M | 133M |
| Operating CF Margin % | 11.81% | 15.52% | 3.95% | 12.09% | 49.43% | 22.79% | 12.96% | 10.09% | 14.6% | 17.66% | 5.13% | 16.24% | 8.92% | 10.85% | 0.8% | 19.47% | 3.95% | 9.65% | 17.43% | 15.29% |
| Operating CF Growth % | -74.81% | -28.88% | -68.59% | 26.53% | 255.86% | 33.33% | 157.45% | -35.53% | 64.77% | 68.93% | 571.43% | -13.14% | 137.84% | 15.73% | -95.04% | 31.58% | -74.48% | -58.02% | 80.77% | -11.33% |
| Net Income | 108M | 109M | 79M | -4M | 291M | 108M | 73M | 86M | 97M | 129M | 66M | 124M | 110M | 94M | 63M | 90M | 115M | 100M | 51M | 112M |
| Depreciation & Amortization | 35M | 32M | 32M | 32M | 31M | 31M | 30M | 29M | 30M | 28M | 28M | 29M | 28M | 27M | 28M | 28M | 30M | 31M | 30M | 31M |
| Stock-Based Compensation | 15M | 15M | 13M | 0 | 38M | 12M | 14M | 12M | 9M | 11M | 9M | 7M | 9M | 12M | 10M | 11M | 10M | 12M | 12M | 8M |
| Deferred Taxes | -3M | -5M | 29M | -12M | 41M | 1M | 22M | 15M | -13M | 2M | 22M | -20M | -8M | 3M | 33M | -19M | -1M | 3M | 13M | -12M |
| Other Non-Cash Items | 152M | -169M | 123M | 312M | 460M | 134M | 103M | 164M | 131M | 86M | 90M | 104M | 106M | 87M | 88M | 105M | 91M | 101M | 58M | 7M |
| Working Capital Changes | -177M | 183M | -238M | -204M | -345M | -54M | -121M | -208M | -109M | -82M | -168M | -92M | -157M | -120M | -215M | -40M | -208M | -158M | -23M | -13M |
| Change in Receivables | -28M | 67M | -50M | -155M | -5M | -109M | -66M | -149M | -143M | -126M | -96M | -145M | -162M | -136M | -79M | -81M | -181M | -129M | -10M | -31M |
| Change in Inventory | 15M | 3M | -78M | -27M | -41M | -22M | 6M | -16M | 2M | 0 | -2M | 8M | 6M | 17M | -6M | 41M | -2M | -34M | 26M | 8M |
| Change in Payables | -10M | 101M | -98M | 0 | 14M | 75M | -70M | -25M | 20M | 16M | -30M | 8M | -7M | 4M | -75M | -61M | -28M | -47M | -10M | 24M |
| Cash from Investing | -309M | -26M | -18M | -29M | -30M | -26M | -22M | -23M | -20M | -24M | -57M | -34M | -13M | -16M | -17M | -16M | -5M | -13M | -16M | -16M |
| Capital Expenditures | -19M | -25M | -19M | -32M | -27M | -37M | -21M | -23M | -20M | -21M | -17M | -32M | -14M | -16M | -12M | -16M | -12M | -14M | -10M | -17M |
| CapEx % of Revenue | 1.73% | 2.35% | 1.98% | 3.12% | 2.59% | 3.63% | 2.25% | 2.37% | 2.01% | 2.13% | 1.86% | 3.42% | 1.42% | 1.69% | 1.37% | 1.78% | 1.28% | 1.52% | 1.24% | 1.95% |
| Acquisitions | -290M | 0 | 0 | 0 | 0 | 0 | -1M | 0 | -1M | -3M | -40M | 6M | 0 | 0 | -6M | 2M | -2M | 0 | 0 | 37M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 3M | 0 | 0 | 0 | 0 | 1M | 0 | 0 | -8M | 1M | 0 | 1M | 0 | -5M | 0 | 1M | -36M |
| Cash from Financing | 205M | -244M | 7M | -83M | -360M | -192M | -63M | -84M | -113M | -464M | 203M | -56M | -58M | -43M | -343M | 218M | -99M | -236M | -79M | -93M |
| Debt Issued (Net) | 321M | -60M | 153M | 15M | -226M | -91M | 66M | 24M | -7M | -358M | 275M | 24M | 48M | 105M | -194M | 364M | 60M | -105M | 11M | -31M |
| Equity Issued (Net) | -75M | -81M | -99M | -83M | -198M | -65M | -68M | -66M | -66M | -62M | -25M | -37M | -67M | -95M | -101M | -107M | -113M | -76M | -45M | -21M |
| Dividends Paid | -36M | -37M | -41M | -35M | -114M | -37M | -41M | -34M | -35M | -35M | -38M | -32M | -33M | -34M | -37M | -32M | -33M | -35M | -35M | -30M |
| Share Repurchases | -75M | -88M | -87M | -90M | -225M | -70M | -70M | -72M | -68M | -69M | -25M | -40M | -67M | -101M | -101M | -111M | -113M | -82M | -45M | -25M |
| Other Financing | -5M | -66M | -6M | 20M | 178M | 1M | -20M | -8M | -5M | -9M | -9M | -11M | -6M | -19M | -11M | -7M | -13M | -20M | -10M | -11M |
| Net Change in Cash | 28M | -105M | 30M | 12M | 85M | 20M | 38M | -20M | 17M | -315M | 189M | 66M | 14M | -120M | -354M | 383M | -73M | -169M | 50M | 23M |
| Free Cash Flow | 111M | 140M | 19M | 92M | 431M | 195M | 100M | 75M | 125M | 153M | 30M | 120M | 74M | 87M | -5M | 159M | 25M | 75M | 131M | 116M |
| FCF Margin % | 10.08% | 13.17% | 1.98% | 8.97% | 41.28% | 19.16% | 10.71% | 7.72% | 12.59% | 15.53% | 3.28% | 12.82% | 7.51% | 9.17% | -0.57% | 17.69% | 2.67% | 8.13% | 16.19% | 13.33% |
| FCF Growth % | -74.25% | -28.21% | -81% | 22.67% | 244.8% | 27.45% | 233.33% | -37.5% | 68.92% | 75.86% | 700% | -24.53% | 196% | 16% | -103.82% | 37.07% | -80.77% | -62.31% | 98.48% | -15.33% |
| FCF per Share | 1.77 | 2.21 | 0.29 | 1.44 | 6.48 | 2.93 | 1.47 | 1.08 | 1.78 | 2.15 | 0.42 | 1.65 | 1.01 | 1.15 | -0.06 | 1.98 | 0.30 | 0.88 | 1.51 | 1.33 |
| FCF Conversion (FCF/Net Income) | 1.20x | 1.51x | 0.48x | -2.03x | 4.65x | 2.15x | 1.66x | 0.82x | 1.49x | 1.35x | 0.71x | 1.18x | 0.80x | 1.10x | 0.11x | 1.92x | 0.32x | 0.89x | 2.76x | 1.24x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |