Hilton Worldwide Holdings (HLT) FY2023 results: revenue $10.2 billion, up 16.7% on the year
Hilton Worldwide Holdings Inc. (HLT) reported revenue of $10.2 billion for fiscal 2023, the year ended 31 December 2023, up 16.7% on the year before. Net income was $1.1 billion, down 9.1%, and diluted earnings per share $4.33. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2024.
Revenue
$10.2 billion
+16.7% on the year
FY2016FY2023
Operating margin
21.7%
23.9% a year earlier
FY2016FY2023
Net income
$1.1 billion
-9.1% on the year
FY2016FY2023
Diluted EPS
$4.33
-4.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,946
1,681
109
+15.8%
Capital expenditure
151
39.0
35.0
+287.2%
Free cash flow
1,795
1,642
74.0
+9.3%
Free cash flow margin
17.5%
18.7%
1.3%
Cash from investing
-305
-123
-57.0
Cash from financing
-2,040
-1,765
-1,793
Depreciation and amortisation
147
162
188
-9.3%
Share-based compensation
169
162
193
+4.3%
Buybacks
2,338
1,590
0.0
+47.0%
Dividends paid
158
123
0.0
+28.5%
Dividend per share
$0.60
$0.45
$0.00
+33.3%
Diluted shares, weighted
264m
277m
281m
-4.7%
Shares outstanding at period end
253m
268m
279m
-5.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-2,360
-1,102
-821
Non-controlling interest
13.0
4.0
2.0
+225.0%
Redeemable equity
0.0
n/a
n/a
Debt
9,157
8,708
8,766
+5.2%
Operating lease liabilities
808
832
870
-2.9%
Finance lease liabilities
105
126
158
-16.7%
Other liabilities
7,678
6,944
6,466
+10.6%
Total liabilities and equity
15,401
15,512
15,441
-0.7%
Fixed assets
382
280
305
+36.4%
Goodwill
5,052
5,032
5,071
+0.4%
Intangible assets
298
n/a
n/a
Cash and equivalents
800
1,209
1,427
-33.8%
Receivables
1,487
1,327
1,068
+12.1%
Other assets
7,382
7,664
7,570
-3.7%
Total assets
15,401
15,512
15,441
-0.7%
10-K for the year ended 31 December 2023, filed 7 February 2024: the filing.