Hilton Worldwide Holdings (HLT) FY2016 results: revenue $6.6 billion, down 7.8% on the year
Hilton Worldwide Holdings Inc. (HLT) reported revenue of $6.6 billion for fiscal 2016, the year ended 31 December 2016, down 7.8% on the year before. Net income was $338 million, down 75.9%, and diluted earnings per share $1.03. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2017.
Revenue
$6.6 billion
-7.8% on the year
FY2012FY2016
Operating margin
13.2%
12.6% a year earlier
FY2012FY2016
Net income
$338 million
-75.9% on the year
FY2012FY2016
Diluted EPS
$1.03
-75.8% on the year
FY2012FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
6,576
7,133
6,688
-7.8%
Operating income
868
900
703
-3.6%
Operating margin
13.2%
12.6%
10.5%
Interest expense
334
377
416
-11.4%
Pre-tax income
540
533
333
+1.3%
Income tax
-557
-348
154
Effective tax rate
-103.1%
-65.3%
46.2%
Net income
338
1,404
673
-75.9%
Net margin
5.1%
19.7%
10.1%
Diluted EPS
$1.03
$4.26
$2.04
-75.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,310
1,446
1,307
-9.4%
Capital expenditure
317
310
268
+2.3%
Free cash flow
993
1,136
1,039
-12.6%
Free cash flow margin
15.1%
15.9%
15.5%
Cash from investing
-423
414
-310
Cash from financing
-44.0
-1,753
-1,075
Depreciation and amortisation
353
385
363
-8.3%
Share-based compensation
91.0
124
78.0
-26.6%
Buybacks
0.0
0.0
n/a
Dividends paid
277
138
0.0
+100.7%
Dividend per share
$0.84
$0.42
$0.00
+100.0%
Diluted shares, weighted
329m
330m
329m
-0.2%
Shares outstanding at period end
329m
329m
328m
+0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
5,899
5,985
4,752
-1.4%
Non-controlling interest
-50.0
-34.0
-38.0
Debt
6,583
10,453
11,692
-37.0%
Other liabilities
13,779
9,218
9,719
+49.5%
Total liabilities and equity
26,211
25,622
26,125
+2.3%
Fixed assets
341
411
7,483
-17.0%
Goodwill
5,218
5,280
5,360
-1.2%
Intangible assets
1,410
1,735
1,980
-18.7%
Cash and equivalents
1,062
513
566
+107.0%
Receivables
755
664
844
+13.7%
Inventory
541
442
404
+22.4%
Other assets
16,884
16,577
9,488
+1.9%
Total assets
26,211
25,622
26,125
+2.3%
10-K for the year ended 31 December 2016, filed 15 February 2017: the filing.