Hilton Worldwide Holdings (HLT) FY2019 results: revenue $9.5 billion, up 6.1% on the year
Hilton Worldwide Holdings Inc. (HLT) reported revenue of $9.5 billion for fiscal 2019, the year ended 31 December 2019, up 6.1% on the year before. Net income was $881 million, up 15.3%, and diluted earnings per share $3.04. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2020.
Revenue
$9.5 billion
+6.1% on the year
FY2012FY2019
Operating margin
17.5%
16.1% a year earlier
FY2012FY2019
Net income
$881 million
+15.3% on the year
FY2012FY2019
Diluted EPS
$3.04
+21.6% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
9,452
8,906
8,131
+6.1%
Operating income
1,657
1,432
1,132
+15.7%
Operating margin
17.5%
16.1%
13.9%
Interest expense
414
371
351
+11.6%
Pre-tax income
1,244
1,078
753
+15.4%
Income tax
358
-309
336
Effective tax rate
28.8%
-28.7%
44.6%
Net income
881
764
1,084
+15.3%
Net margin
9.3%
8.6%
13.3%
Diluted EPS
$3.04
$2.50
$3.32
+21.6%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,384
1,255
849
+10.3%
Capital expenditure
81.0
72.0
58.0
+12.5%
Free cash flow
1,303
1,183
791
+10.1%
Free cash flow margin
13.8%
13.3%
9.7%
Cash from investing
-123
-131
-147
Cash from financing
-1,113
-1,300
-1,724
Depreciation and amortisation
346
325
336
+6.5%
Share-based compensation
154
127
121
+21.3%
Buybacks
1,538
1,721
891
-10.6%
Dividends paid
172
181
195
-5.0%
Dividend per share
$0.60
$0.60
$0.60
0.0%
Diluted shares, weighted
290m
305m
327m
-4.9%
Shares outstanding at period end
279m
295m
317m
-5.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
-482
551
1,688
Non-controlling interest
10.0
7.0
3.0
+42.9%
Debt
7,956
7,266
6,602
+9.5%
Operating lease liabilities
1,037
0.0
n/a
Finance lease liabilities
208
n/a
n/a
Other liabilities
6,228
6,171
5,935
+0.9%
Total liabilities and equity
14,957
13,995
14,228
+6.9%
Fixed assets
380
367
353
+3.5%
Goodwill
5,159
5,160
5,190
-0.0%
Intangible assets
780
872
1,342
-10.6%
Cash and equivalents
538
403
570
+33.5%
Receivables
1,261
1,150
1,005
+9.7%
Other assets
6,839
6,043
5,768
+13.2%
Total assets
14,957
13,995
14,228
+6.9%
10-K for the year ended 31 December 2019, filed 11 February 2020: the filing.