TNL: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, TNL has $6,840M in assets. $7,863M in debts.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	254	253	240	212
Restricted cash (vie - 115 as of 2026 and 87 as of 2025)	202	173	174	175
Trade receivables, net	152	165	173	175
Non-securitized contract receivables	3,255	-	3,246	-
Financing receivable, allowance for credit loss	646	-	654	-
Vacation ownership contract receivables, net (vie - 2,218 as of 2026 and 2,281 as of 2025)	2,609	2,638	2,592	2,568
Inventory	1,183	1,128	1,269	1,252
Prepaid expenses	265	214	230	244
Property and equipment, net	523	531	597	592
Goodwill	971	972	971	972
Other intangibles, net	200	201	204	208
Other assets	481	485	442	411
Total assets	6,840	6,760	6,892	6,809

Accounts payable	63	62	66	69
Accrued expenses and other liabilities	836	910	817	778
Deferred income	478	468	489	483
Non-recourse vacation ownership debt (vie)	2,106	2,124	2,024	1,959
Debt	3,648	3,474	3,554	3,628
Deferred income taxes	732	704	763	745
Total liabilities	7,863	7,742	7,713	7,662
Preferred stock, value, issued	-	0	-	-
Common stock, 0.01 par value, 600,000,000 shares authorized, 226,511,628 issued as of 2026 and 225,937,948 as of 2025	3	3	3	3
Treasury stock, at cost 164,087,099 shares as of 2026 and 162,880,360 shares as of 2025	7,823	7,735	7,645	7,574
Additional paid-in capital	4,408	4,405	4,380	4,348
Retained earnings	2,453	2,412	2,510	2,437
Accumulated other comprehensive loss	-63	-66	-69	-66
Total stockholders (deficit)	-1,022	-981	-821	-852
Noncontrolling interest	-1	-1	0	-1
Total (deficit)	-1,023	-982	-821	-853
Total liabilities and (deficit)	6,840	6,760	6,892	6,809

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.