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)

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 investments1,2091,4273,218538403570
Cash and cash equivalents1,2091,4273,218538403570
Restricted cash and investments7785459281100
Receivables1,3271,0687711,2611,1701,034
Prepaid expense1058970130160111
Other current assets1522029872169171
Total current assets:2,8702,8714,2022,0931,9831,986
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 33334052
Operating lease, right-of-use asset662694772867
Property, plant and equipment280305346380367353
Intangible assets, net (including goodwill)9,8729,95410,65211,23711,3166,532
Goodwill5,0325,0715,0955,1595,1605,190
Intangible assets, net (excluding goodwill)4,8404,8835,5576,0786,1561,342
Deferred income tax assets   194 
Other noncurrent assets576452323280239434
Other undisclosed noncurrent assets1,2191,13222648905,003
Total noncurrent assets:12,64212,57012,55312,86412,01212,322
TOTAL ASSETS:15,51215,44116,75514,95713,99514,308
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,7901,5681,3021,7031,5302,150
Taxes payable   1912
Employee-related liabilities555514404554532502
Accounts payable 368274224303283282
Accrued liabilities 669556436618516480
Other undisclosed accounts payable and accrued liabilities198224238228180874
Deferred revenue433350370332
Debt395456371646
Deferred compensation liability   121615 
Self insurance reserve 8684    
Other undisclosed current liabilities1,0249636917831,05412
Total current liabilities:3,3723,0192,4312,8712,6152,208
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,7088,71210,4317,9567,2666,556
Finance lease, liability 126158196208
Other undisclosed long-term debt and lease obligation8,5827,6849,2646,7117,2666,556
Liabilities, other than long-term debt2,5101,6421,9931,7101,7613,469
Deferred revenue and credits936
Deferred revenue9868961,004827
Deferred tax liabilities, net8981,063
Other liabilities6927469898838631,470
Operating lease, liability8328709711,037
Other undisclosed noncurrent liabilities2,0202,8873,3862,8921,795 
Total noncurrent liabilities:13,23813,24115,81012,55810,82210,025
Total liabilities:16,61016,26018,24115,42913,43712,233
Equity
Equity, attributable to parent, including:(1,102)(821)(1,490)(482)5512,072
Treasury stock, value(6,040)(4,443)(4,453)(4,169)(2,625)(891)
Additional paid in capital10,83110,72010,55210,48910,37210,298
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 parent333333
Equity, attributable to noncontrolling interest4241073
Total equity:(1,098)(819)(1,486)(472)5582,075
TOTAL LIABILITIES AND EQUITY:15,51215,44116,75514,95713,99514,308

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
Revenues8,7735,7884,3079,4528,9069,140
Revenue, net9,140
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:2,6381,6175232,2821,9562,153
Operating expenses(544)(600)(941)(706)(524)(781)
Other operating expense, net
(Other Expenses)
(60)(45)(60)(72)(51)(56)
Other undisclosed operating income6038601535156
Operating income (loss):2,0941,010(418)1,6571,4321,372
Nonoperating income (expense)5516(29)11726
Gain (loss), foreign currency transaction, before tax5(7)(27)(2)(11)3
Other nonoperating income (expense)5023(2)32823
Interest and debt expense(415)(397)(429)(414)(371)(468)
Income (loss) from continuing operations before equity method investments, income taxes:1,734629(876)1,2441,078930
Other undisclosed loss from continuing operations before income taxes (69)(48)   
Income (loss) from continuing operations before income taxes:1,734560(924)1,2441,078930
Income tax expense (benefit)(477)(153)(204)358309334
Other undisclosed loss from continuing operations     (618) 
Income (loss) from continuing operations:1,257407(1,128)1,6027691,264
Income (loss) before gain (loss) on sale of properties:407(1,128)1,6027691,264
Other undisclosed net income (loss)   408(716)  
Net income (loss):1,257407(720)8867691,264
Net income (loss) attributable to noncontrolling interest(2)3(5)55(5)
Other undisclosed net income (loss) attributable to parent   10(10)(10) 
Net income (loss) available to common stockholders, diluted:1,255410(715)8817641,259

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):1,257407(720)8867691,264
Other comprehensive income (loss)7382(20)(58)(57)196
Comprehensive income (loss):1,330489(740)8287121,460
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)25(5)5(5)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (10) 
Comprehensive income (loss), net of tax, attributable to parent:1,328491(735)8237071,455

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.

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