Hilton Worldwide Holdings Inc. (HLT) Financial Statements (2024 and earlier)

Company Profile

Business Address 7930 JONES BRANCH DRIVE, SUITE 1100
MCLEAN, VA 22102
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7011 - Hotels and Motels (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8001,2091,4273,218538403
Cash and cash equivalents8001,2091,4273,218538403
Restricted cash and investments757785459281
Receivables1,4871,3271,0687711,2611,170
Prepaid expense1311058970130160
Other current assets1211522029872169
Total current assets:2,6142,8702,8714,2022,0931,983
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 3633334052
Operating lease, right-of-use asset618662694772867
Property, plant and equipment382280305346380367
Intangible assets, net (including goodwill)5,3509,8729,95410,65211,23711,316
Goodwill5,0525,0325,0715,0955,1595,160
Intangible assets, net (excluding goodwill)2984,8404,8835,5576,0786,156
Deferred income tax assets    194 
Other noncurrent assets512576452323280239
Other undisclosed noncurrent assets5,8891,2191,1322264890
Total noncurrent assets:12,78712,64212,57012,55312,86412,012
TOTAL ASSETS:15,40115,51215,44116,75514,95713,995
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,9791,7901,5681,3021,7031,530
Taxes payable   19
Employee-related liabilities555514404554532
Accounts payable 457368274224303283
Accrued liabilities 1,307669556436618516
Other undisclosed accounts payable and accrued liabilities215198224238228180
Deferred revenue502433350370332
Debt393954563716
Deferred compensation liability    121615
Self insurance reserve 998684   
Other undisclosed current liabilities1,1031,0249636917831,054
Total current liabilities:3,7223,3723,0192,4312,8712,615
Noncurrent Liabilities
Long-term debt and lease obligation, including:9,1578,7088,71210,4317,9567,266
Finance lease, liability 105126158196208
Other undisclosed long-term debt and lease obligation9,0528,5827,6849,2646,7117,266
Liabilities, other than long-term debt2,9382,5101,6421,9931,7101,761
Deferred revenue1,1329868961,004827
Deferred tax liabilities, net898
Other liabilities998692746989883863
Operating lease, liability8088328709711,037
Other undisclosed noncurrent liabilities1,9312,0202,8873,3862,8921,795
Total noncurrent liabilities:14,02613,23813,24115,81012,55810,822
Total liabilities:17,74816,61016,26018,24115,42913,437
Temporary equity, carrying amount      
Equity
Equity, attributable to parent, including:(2,360)(1,102)(821)(1,490)(482)551
Treasury stock, value(8,393)(6,040)(4,443)(4,453)(4,169)(2,625)
Additional paid in capital10,96810,83110,72010,55210,48910,372
Accumulated other comprehensive loss(731)(706)(779)(860)(840)(782)
Accumulated deficit(4,207)(5,190)(6,322)(6,732)(5,965)(6,417)
Other undisclosed equity, attributable to parent333333
Equity, attributable to noncontrolling interest13424107
Total equity:(2,347)(1,098)(819)(1,486)(472)558
TOTAL LIABILITIES AND EQUITY:15,40115,51215,44116,75514,95713,995

Income Statement (P&L) ($ in millions)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues10,2358,7735,7884,3079,4528,906
Cost of revenue(7,417)(6,135)(4,171)(3,784)(7,170)(6,950)
Gross profit:2,8182,6381,6175232,2821,956
Operating expenses(593)(544)(600)(941)(706)(524)
Other operating expense, net
(Other Expenses)
(112)(60)(45)(60)(72)(51)
Other undisclosed operating income11260386015351
Operating income (loss):2,2252,0941,010(418)1,6571,432
Nonoperating income (expense)235516(29)117
Gain (loss), foreign currency transaction, before tax(16)5(7)(27)(2)(11)
Other nonoperating income (expense)395023(2)328
Interest and debt expense(464)(415)(397)(429)(414)(371)
Income (loss) from continuing operations before equity method investments, income taxes:1,7841,734629(876)1,2441,078
Other undisclosed loss from continuing operations before income taxes(92) (69)(48)  
Income (loss) from continuing operations before income taxes:1,6921,734560(924)1,2441,078
Income tax expense (benefit)(541)(477)(153)(204)358309
Other undisclosed loss from continuing operations      (618)
Income (loss) from continuing operations:1,1511,257407(1,128)1,602769
Income (loss) before gain (loss) on sale of properties:407(1,128)1,602769
Other undisclosed net income (loss)    408(716) 
Net income (loss):1,1511,257407(720)886769
Net income (loss) attributable to noncontrolling interest(10)(2)3(5)55
Other undisclosed net income (loss) attributable to parent    10(10)(10)
Net income (loss) available to common stockholders, diluted:1,1411,255410(715)881764

Comprehensive Income ($ in millions)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):1,1511,257407(720)886769
Other comprehensive income (loss)(26)7382(20)(58)(57)
Comprehensive income (loss):1,1251,330489(740)828712
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(9)(2)25(5)5
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (10)
Comprehensive income (loss), net of tax, attributable to parent:1,1161,328491(735)823707

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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