Hilton Worldwide Holdings (HLT) FY2020 results: revenue $4.3 billion, down 54.4% on the year
Hilton Worldwide Holdings Inc. (HLT) reported revenue of $4.3 billion for fiscal 2020, the year ended 31 December 2020, down 54.4% on the year before. Net income was -$715 million, and diluted earnings per share $-2.56. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2021.
Revenue
$4.3 billion
-54.4% on the year
FY2013FY2020
Operating margin
-9.7%
17.5% a year earlier
FY2013FY2020
Net income
-$715 million
FY2013FY2020
Diluted EPS
-$2.56
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
4,307
9,452
8,906
-54.4%
Operating income
-418
1,657
1,432
Operating margin
-9.7%
17.5%
16.1%
Interest expense
429
414
371
+3.6%
Pre-tax income
-924
1,244
1,078
Income tax
-204
358
-309
Effective tax rate
n/a
28.8%
-28.7%
Net income
-715
881
764
Net margin
-16.6%
9.3%
8.6%
Diluted EPS
-$2.56
$3.04
$2.50
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
708
1,384
1,255
-48.8%
Capital expenditure
46.0
81.0
72.0
-43.2%
Free cash flow
662
1,303
1,183
-49.2%
Free cash flow margin
15.4%
13.8%
13.3%
Cash from investing
-107
-123
-131
Cash from financing
2,032
-1,113
-1,300
Depreciation and amortisation
331
346
325
-4.3%
Share-based compensation
97.0
154
127
-37.0%
Buybacks
296
1,538
1,721
-80.8%
Dividends paid
42.0
172
181
-75.6%
Dividend per share
$0.15
$0.60
$0.60
-75.0%
Diluted shares, weighted
279m
290m
305m
-3.8%
Shares outstanding at period end
278m
279m
295m
-0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
-1,490
-482
551
Non-controlling interest
4.0
10.0
7.0
-60.0%
Debt
10,487
7,956
7,266
+31.8%
Operating lease liabilities
971
1,037
0.0
-6.4%
Finance lease liabilities
196
208
n/a
-5.8%
Other liabilities
6,587
6,228
6,171
+5.8%
Total liabilities and equity
16,755
14,957
13,995
+12.0%
Fixed assets
346
380
367
-8.9%
Goodwill
5,095
5,159
5,160
-1.2%
Intangible assets
653
780
872
-16.3%
Cash and equivalents
3,218
538
403
+498.1%
Receivables
771
1,261
1,150
-38.9%
Other assets
6,672
6,839
6,043
-2.4%
Total assets
16,755
14,957
13,995
+12.0%
10-K for the year ended 31 December 2020, filed 17 February 2021: the filing.