Hilton Worldwide Holdings (HLT) FY2017 results: revenue $8.1 billion, up 23.6% on the year
Hilton Worldwide Holdings Inc. (HLT) reported revenue of $8.1 billion for fiscal 2017, the year ended 31 December 2017, up 23.6% on the year before. Net income was $1.1 billion, up 220.7%, and diluted earnings per share $3.32. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2018.
Revenue
$8.1 billion
+23.6% on the year
FY2012FY2017
Operating margin
13.9%
13.2% a year earlier
FY2012FY2017
Net income
$1.1 billion
+220.7% on the year
FY2012FY2017
Diluted EPS
$3.32
+222.3% on the year
FY2012FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
8,131
6,576
7,133
+23.6%
Operating income
1,132
868
900
+30.4%
Operating margin
13.9%
13.2%
12.6%
Interest expense
351
334
377
+5.1%
Pre-tax income
753
540
533
+39.4%
Income tax
336
-557
-348
Effective tax rate
44.6%
-103.1%
-65.3%
Net income
1,084
338
1,404
+220.7%
Net margin
13.3%
5.1%
19.7%
Diluted EPS
$3.32
$1.03
$4.26
+222.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
849
1,310
1,446
-35.2%
Capital expenditure
58.0
317
310
-81.7%
Free cash flow
791
993
1,136
-20.3%
Free cash flow margin
9.7%
15.1%
15.9%
Cash from investing
-147
-423
414
Cash from financing
-1,724
-44.0
-1,753
Depreciation and amortisation
336
353
385
-4.8%
Share-based compensation
121
91.0
124
+33.0%
Buybacks
891
0.0
0.0
Dividends paid
195
277
138
-29.6%
Dividend per share
$0.60
$0.84
$0.42
-28.6%
Diluted shares, weighted
327m
329m
330m
-0.6%
Shares outstanding at period end
317m
329m
329m
-3.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,688
5,899
5,985
-71.4%
Non-controlling interest
3.0
-50.0
-34.0
Debt
6,602
6,583
10,453
+0.3%
Other liabilities
5,935
13,779
9,218
-56.9%
Total liabilities and equity
14,228
26,211
25,622
-45.7%
Fixed assets
353
341
411
+3.5%
Goodwill
5,190
5,218
5,280
-0.5%
Intangible assets
1,342
1,410
1,735
-4.8%
Cash and equivalents
570
1,062
513
-46.3%
Receivables
1,005
755
664
+33.1%
Inventory
n/a
541
442
Other assets
5,768
16,884
16,577
-65.8%
Total assets
14,228
26,211
25,622
-45.7%
10-K for the year ended 31 December 2017, filed 14 February 2018: the filing.