Hilton Worldwide Holdings Inc. (HLT) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4271,2881,0442,4023,2183,4053,503
Cash and cash equivalents1,4271,2881,0442,4023,2183,4053,503
Restricted cash and investments85998345456372
Receivables1,0681,012952797771890827
Prepaid expense891241161047011391
Other current assets2021711841209811384
Total current assets:2,8712,6942,3793,4684,2024,5844,577
Noncurrent Assets
Finance lease, right-of-use asset33   40  
Operating lease, right-of-use asset694719758763772769740
Property, plant and equipment305303318327346349355
Intangible assets, net (including goodwill)9,9549,9689,9899,97910,65210,70510,704
Goodwill5,0715,0785,0905,0845,0955,1695,147
Intangible assets, net (excluding goodwill)4,8834,8904,8994,8955,5575,5365,557
Deferred income tax assets    194  
Other noncurrent assets452448441311323315304
Other undisclosed noncurrent assets1,1321,1821,2051,126226407446
Total noncurrent assets:12,57012,62012,71112,50612,55312,54512,549
TOTAL ASSETS:15,44115,31415,09015,97416,75517,12917,126
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,5681,4331,3511,2711,3021,3871,372
Accounts payable274   224  
Accrued liabilities556   436  
Employee-related liabilities514   404  
Other undisclosed accounts payable and accrued liabilities2241,4331,3511,2712381,3871,372
Deferred revenue350298387364370245 
Debt54545048565145
Deferred compensation liability    12  
Restructuring reserve     1535
Self insurance reserve84      
Other undisclosed current liabilities963837991793691601854
Total current liabilities:3,0192,6222,7792,4762,4312,2992,306
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,7128,7138,7169,90810,43110,43910,437
Finance lease, liability158   196  
Operating lease, liability870899955970971954926
Other undisclosed long-term debt and lease obligation7,6847,8147,7618,9389,2649,4859,511
Liabilities, other than long-term debt1,6421,7511,7781,8911,9932,4411,008
Deferred revenue8967907989301,0041,410 
Other liabilities7469619809619891,0311,008
Other undisclosed noncurrent liabilities2,8873,3563,2333,3193,3863,2694,666
Total noncurrent liabilities:13,24113,82013,72715,11815,81016,14916,111
Total liabilities:16,26016,44216,50617,59418,24118,44818,417
Stockholders' equity
Stockholders' equity attributable to parent, including:(821)(1,128)(1,417)(1,623)(1,490)(1,324)(1,299)
Treasury stock, value(4,443)(4,447)(4,447)(4,453)(4,453)(4,457)(4,457)
Additional paid in capital10,72010,65410,60310,54710,55210,49110,465
Accumulated other comprehensive loss(779)(869)(866)(880)(860)(853)(881)
Accumulated deficit(6,322)(6,469)(6,710)(6,840)(6,732)(6,508)(6,429)
Other undisclosed stockholders' equity attributable to parent3333333
Stockholders' equity attributable to noncontrolling interest2 13458
Total stockholders' equity:(819)(1,128)(1,416)(1,620)(1,486)(1,319)(1,291)
TOTAL LIABILITIES AND EQUITY:15,44115,31415,09015,97416,75517,12917,126

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues1,8361,7491,329874890933564
Cost of revenue(1,357)(1,148)(961)(705)(776)(757)(662)
Gross profit:479601368169114176(98)
Operating expenses(147)(161)(144)(148)(309)(165)(204)
Other operating expense, net
(Other Expenses)
(14)(12)(9)(10)(12)(21)(13)
Other undisclosed operating income154910122113
Operating income (loss):33343222421(195)11(302)
Nonoperating income (expense)(1)6477(9)(36)
Foreign currency transaction gain (loss), before tax(8) (1)2(11)(12)(13)
Other nonoperating income (expense)7655183(23)
Interest and debt expense(95)(98)(101)(103)(113)(116)(106)
Income (loss) from continuing operations before equity method investments, income taxes:237340127(75)(301)(114)(444)
Other undisclosed loss from continuing operations before income taxes   (69)(48)  
Income (loss) from continuing operations before income taxes:237340127(144)(349)(114)(444)
Income tax expense(89)(100)(1)(35)(124)(33)(12)
Income (loss) before gain (loss) on sale of properties:148240126(179)(473)(147)(456)
Other undisclosed net income  2702486624
Net income (loss):148240128(109)(225)(81)(432)
Net income (loss) attributable to noncontrolling interest(1)1(2)(1)(1)(2)(2)
Other undisclosed net income attributable to parent  42244
Net income (loss) available to common stockholders, diluted:147241130(108)(224)(79)(430)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):148240128(109)(225)(81)(432)
Other comprehensive income (loss)91(3)14(20)(7)2818
Comprehensive income (loss):239237142(129)(232)(53)(414)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)121122
Comprehensive income (loss), net of tax, attributable to parent:237238144(128)(231)(51)(412)

Statements sources

The financial statements are based on the company's filings with the 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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