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Hilton Worldwide Holdings Inc. (HLT) SEC Filing 10-K Annual Report for the fiscal year ending Saturday, December 31, 2022

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Hilton Worldwide Holdings Inc.

HISTORY TOOLS
CIK: 1585689 Ticker: HLT

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Investor Contact7930 Jones Branch Drive
Jill Slattery ChapmanMcLean, VA 22102
+1 703 883 5476ir.hilton.com
Media Contact
Kent Landers
+1 703 883 3246

Hilton Reports Fourth Quarter and Full Year Results

MCLEAN, VA (February 9, 2023) - Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its fourth quarter and full year 2022 results. Highlights include:

•Diluted EPS was $1.21 for the fourth quarter and $4.53 for the full year, exceeding the high end of guidance

•Diluted EPS, adjusted for special items, was $1.59 for the fourth quarter and $4.89 for the full year, exceeding the high end of guidance

•Net income was $333 million for the fourth quarter and $1,257 million for the full year, exceeding the high end of guidance

•Adjusted EBITDA was $740 million for the fourth quarter and $2,599 million for the full year, exceeding the high end of guidance

•System-wide comparable RevPAR increased 24.8 percent and 42.5 percent, on a currency neutral basis, for the fourth quarter and full year, respectively, compared to the same periods in 2021

•System-wide comparable RevPAR increased 7.5 percent and decreased 1.3 percent, on a currency neutral basis, for the fourth quarter and full year, respectively, compared to the same periods in 2019

•Approved 24,400 new rooms for development during the fourth quarter, bringing Hilton's development pipeline to 416,400 rooms as of December 31, 2022

•Added 17,700 rooms to Hilton's system in the fourth quarter, resulting in 48,300 net additional rooms in Hilton's system for the full year, contributing to net unit growth of 4.7 percent, with fourth quarter hotel openings modestly lagging prior expectations due to the ongoing COVID-19 environment in China

•Full year 2023 net unit growth is expected to be between 5.0 percent and 5.5 percent

•Repurchased 3.8 million shares of Hilton common stock during the fourth quarter, bringing total capital return, including dividends, to $542 million for the quarter and more than $1.7 billion for the full year

•Launched a new premium economy brand, Spark by Hilton, in January 2023

•Full year 2023 system-wide RevPAR is expected to increase between 4 percent and 8 percent on a comparable and currency neutral basis compared to 2022; full year net income is projected to be between $1,382 million and $1,454 million; full year Adjusted EBITDA is projected to be between $2,800 million and $2,900 million

•Full year 2023 capital return is projected to be between $1.7 billion and $2.1 billion





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The following information was filed by Hilton Worldwide Holdings Inc. (HLT) on Thursday, February 9, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Hilton Worldwide Holdings Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parentheticals)
Consolidated Statement Of Comprehensive Income (Loss) (Parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity (Deficit) (Parentheticals)
Consolidated Statements Of Stockholders' Equity (Deficit) Statement
Accounts Payable, Accrued Expenses And Other
Accounts Payable, Accrued Expenses And Other (Details)
Accounts Payable, Accrued Expenses And Other (Tables)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Schedule Of Accumulated Other Comprehensive Loss (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Basis Of Presentation And Summary Of Significant Accounting Policies - Additional Information (Details)
Business Segments
Business Segments (Tables)
Business Segments - Hotel Properties By Segment (Details)
Business Segments - Reconciliation Of Revenues From Segments To Consolidated (Details)
Business Segments - Reconciliation Of Segment Operating Income To Income Before Income Taxes (Details)
Business Segments - Schedule Of Assets By Segment (Details)
Business Segments - Schedule Of Revenues By Country (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Consolidated Variable Interest Entities
Consolidated Variable Interest Entities (Tables)
Consolidated Variable Interest Entities - Additional Information (Details)
Consolidated Variable Interest Entities - Schedule Of Consolidated Variable Interest Entities (Details)
Debt
Debt (Tables)
Debt - Additional Information (Details)
Debt - Debt Maturities (Details)
Debt - Long-Term Debt (Details)
Earnings (Loss) Per Share
Earnings (Loss) Per Share (Details)
Earnings (Loss) Per Share (Tables)
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans - Additional Information (Details)
Employee Benefit Plans - Fair Value Of Pension Assets (Details)
Employee Benefit Plans - Net Periodic Pension Cost (Credit) (Details)
Employee Benefit Plans - Schedule Of Amounts Recognized In Balance Sheet (Details)
Employee Benefit Plans - Schedule Of Amounts Recognized In Other Comprehensive Income (Loss) (Details)
Employee Benefit Plans - Schedule Of Assumptions Used (Details)
Employee Benefit Plans - Schedule Of Changes In Projected Benefit Obligations (Details)
Employee Benefit Plans - Schedule Of Expected Benefit Payments (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Details)
Fair Value Measurements - Recurring &Amp; Disclosure (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Additional Information (Details)
Goodwill And Intangible Assets - Amortization Of Amortizing Intangible Assets (Details)
Goodwill And Intangible Assets - Schedule Of Future Amortization (Details)
Goodwill And Intangible Assets - Schedule Of Other Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Components Of Income Tax Expense (Details)
Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Income Before Income Taxes (Details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Summary Of Unrecognized Tax Benefits (Details)
Leases
Leases (Tables)
Leases Additional Information (Details)
Leases Components Of Lease Expense (Details)
Leases Future Minimum Lease Payments (Details)
Leases Supplemental Balance Sheet Information Related To Leases (Details)
Leases Supplemental Cash Flow Information Related To Leases (Details)
Organization
Organization (Details)
Other Liabilities
Other Liabilities (Tables)
Other Liabilities - Other Long-Term Liabilities (Details)
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Additional Information (Details)
Property And Equipment - Schedule Of Property And Equipment (Details)
Revenues From Contract With Customers - Contract Liabilities (Details)
Revenues From Contracts With Customers
Revenues From Contracts With Customers (Tables)
Revenues From Contracts With Customers - Additional Information (Details)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Additional Information (Details)
Share-Based Compensation - Schedule Of Additional Information On Performance Shares (Details)
Share-Based Compensation - Schedule Of Additional Information On Restricted Stock Units (Details)
Share-Based Compensation - Schedule Of Additional Information On Stock Options (Details)
Share-Based Compensation - Schedule Of Performance Shares Award Activity (Details)
Share-Based Compensation - Schedule Of Restricted Stock Units Award Activity (Details)
Share-Based Compensation - Schedule Of Stock Options Activity (Details)
Share-Based Compensation - Schedule Of Stock Options Valuation Assumptions (Details)
Ticker: HLT
CIK: 1585689
Form Type: 10-K Annual Report
Accession Number: 0001585689-23-000036
Submitted to the SEC: Thu Feb 09 2023 11:08:28 AM EST
Accepted by the SEC: Thu Feb 09 2023
Period: Saturday, December 31, 2022
Industry: Hotels And Motels

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