Hilton Worldwide Holdings Inc. (HLT) Financial Statements (2023 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)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,209 | 1,427 | 3,218 | 538 | 403 | 570 | |||
| Cash and cash equivalents | 1,209 | 1,427 | 3,218 | 538 | 403 | 570 | |||
| Restricted cash and investments | 77 | 85 | 45 | 92 | 81 | 100 | |||
| Receivables | 1,327 | 1,068 | 771 | 1,261 | 1,170 | 1,034 | |||
| Prepaid expense | 105 | 89 | 70 | 130 | 160 | 111 | |||
| Other current assets | 152 | 202 | 98 | 72 | 169 | 171 | |||
| Total current assets: | 2,870 | 2,871 | 4,202 | 2,093 | 1,983 | 1,986 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 33 | 33 | 40 | 52 | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 662 | 694 | 772 | 867 | ✕ | ✕ | |||
| Property, plant and equipment | 280 | 305 | 346 | 380 | 367 | 353 | |||
| Intangible assets, net (including goodwill) | 9,872 | 9,954 | 10,652 | 11,237 | 11,316 | 6,532 | |||
| Goodwill | 5,032 | 5,071 | 5,095 | 5,159 | 5,160 | 5,190 | |||
| Intangible assets, net (excluding goodwill) | 4,840 | 4,883 | 5,557 | 6,078 | 6,156 | 1,342 | |||
| Deferred income tax assets | 194 | ✕ | ✕ | ||||||
| Other noncurrent assets | 576 | 452 | 323 | 280 | 239 | 434 | |||
| Other undisclosed noncurrent assets | 1,219 | 1,132 | 226 | 48 | 90 | 5,003 | |||
| Total noncurrent assets: | 12,642 | 12,570 | 12,553 | 12,864 | 12,012 | 12,322 | |||
| TOTAL ASSETS: | 15,512 | 15,441 | 16,755 | 14,957 | 13,995 | 14,308 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,790 | 1,568 | 1,302 | 1,703 | 1,530 | 2,150 | |||
| Taxes payable | ✕ | ✕ | 19 | 12 | |||||
| Employee-related liabilities | ✕ | 555 | 514 | 404 | 554 | 532 | 502 | ||
| Accounts payable | 368 | 274 | 224 | 303 | 283 | 282 | |||
| Accrued liabilities | 669 | 556 | 436 | 618 | 516 | 480 | |||
| Other undisclosed accounts payable and accrued liabilities | 198 | 224 | 238 | 228 | 180 | 874 | |||
| Deferred revenue | 433 | 350 | 370 | 332 | ✕ | ✕ | |||
| Debt | 39 | 54 | 56 | 37 | 16 | 46 | |||
| Deferred compensation liability | 12 | 16 | 15 | ||||||
| Self insurance reserve | 86 | 84 | |||||||
| Other undisclosed current liabilities | 1,024 | 963 | 691 | 783 | 1,054 | 12 | |||
| Total current liabilities: | 3,372 | 3,019 | 2,431 | 2,871 | 2,615 | 2,208 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 8,708 | 8,712 | 10,431 | 7,956 | 7,266 | 6,556 | |||
| Finance lease, liability | 126 | 158 | 196 | 208 | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 8,582 | 7,684 | 9,264 | 6,711 | 7,266 | 6,556 | |||
| Liabilities, other than long-term debt | 2,510 | 1,642 | 1,993 | 1,710 | 1,761 | 3,469 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 936 | ||
| Deferred revenue | 986 | 896 | 1,004 | 827 | ✕ | ✕ | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 898 | 1,063 | ||
| Other liabilities | 692 | 746 | 989 | 883 | 863 | 1,470 | |||
| Operating lease, liability | 832 | 870 | 971 | 1,037 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 2,020 | 2,887 | 3,386 | 2,892 | 1,795 | ||||
| Total noncurrent liabilities: | 13,238 | 13,241 | 15,810 | 12,558 | 10,822 | 10,025 | |||
| Total liabilities: | 16,610 | 16,260 | 18,241 | 15,429 | 13,437 | 12,233 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (1,102) | (821) | (1,490) | (482) | 551 | 2,072 | |||
| Treasury stock, value | (6,040) | (4,443) | (4,453) | (4,169) | (2,625) | (891) | |||
| Additional paid in capital | 10,831 | 10,720 | 10,552 | 10,489 | 10,372 | 10,298 | |||
| Accumulated other comprehensive loss | (706) | (779) | (860) | (840) | (782) | (742) | |||
| Accumulated deficit | (5,190) | (6,322) | (6,732) | (5,965) | (6,417) | (6,596) | |||
| Other undisclosed equity, attributable to parent | 3 | 3 | 3 | 3 | 3 | 3 | |||
| Equity, attributable to noncontrolling interest | 4 | 2 | 4 | 10 | 7 | 3 | |||
| Total equity: | (1,098) | (819) | (1,486) | (472) | 558 | 2,075 | |||
| TOTAL LIABILITIES AND EQUITY: | 15,512 | 15,441 | 16,755 | 14,957 | 13,995 | 14,308 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,773 | 5,788 | 4,307 | 9,452 | 8,906 | 9,140 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 9,140 | |
| Cost of revenue | (6,135) | (4,171) | (3,784) | (7,170) | (6,950) | (6,987) | ||
| Cost of goods and services sold | (6,931) | |||||||
| Gross profit: | 2,638 | 1,617 | 523 | 2,282 | 1,956 | 2,153 | ||
| Operating expenses | (544) | (600) | (941) | (706) | (524) | (781) | ||
| Other operating expense, net (Other Expenses) | (60) | (45) | (60) | (72) | (51) | (56) | ||
| Other undisclosed operating income | 60 | 38 | 60 | 153 | 51 | 56 | ||
| Operating income (loss): | 2,094 | 1,010 | (418) | 1,657 | 1,432 | 1,372 | ||
| Nonoperating income (expense) | 55 | 16 | (29) | 1 | 17 | 26 | ||
| Gain (loss), foreign currency transaction, before tax | 5 | (7) | (27) | (2) | (11) | 3 | ||
| Other nonoperating income (expense) | 50 | 23 | (2) | 3 | 28 | 23 | ||
| Interest and debt expense | (415) | (397) | (429) | (414) | (371) | (468) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,734 | 629 | (876) | 1,244 | 1,078 | 930 | ||
| Other undisclosed loss from continuing operations before income taxes | (69) | (48) | ||||||
| Income (loss) from continuing operations before income taxes: | 1,734 | 560 | (924) | 1,244 | 1,078 | 930 | ||
| Income tax expense (benefit) | (477) | (153) | (204) | 358 | 309 | 334 | ||
| Other undisclosed loss from continuing operations | (618) | |||||||
| Income (loss) from continuing operations: | 1,257 | 407 | (1,128) | 1,602 | 769 | 1,264 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 407 | (1,128) | 1,602 | 769 | 1,264 | |
| Other undisclosed net income (loss) | 408 | (716) | ||||||
| Net income (loss): | 1,257 | 407 | (720) | 886 | 769 | 1,264 | ||
| Net income (loss) attributable to noncontrolling interest | (2) | 3 | (5) | 5 | 5 | (5) | ||
| Other undisclosed net income (loss) attributable to parent | 10 | (10) | (10) | |||||
| Net income (loss) available to common stockholders, diluted: | 1,255 | 410 | (715) | 881 | 764 | 1,259 | ||
Comprehensive Income ($ in millions)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,257 | 407 | (720) | 886 | 769 | 1,264 | ||
| Other comprehensive income (loss) | 73 | 82 | (20) | (58) | (57) | 196 | ||
| Comprehensive income (loss): | 1,330 | 489 | (740) | 828 | 712 | 1,460 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (2) | 2 | 5 | (5) | 5 | (5) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (10) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,328 | 491 | (735) | 823 | 707 | 1,455 | ||
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.