Please wait while we load the requested 10-K report or click the link below:
7930 Jones Branch Drive
McLean, VA 22102
+1 703 883 5205
+1 703 883 5804
Earnings per share ("EPS"), adjusted for special items, for the fourth quarter increased 10 percent from the prior year to $0.11 and full year adjusted EPS increased 18 percent from 2012 to $0.53; without adjustments, EPS was $0.03 for the fourth quarter and $0.45 for the full year.
Adjusted EBITDA for the fourth quarter increased 16 percent from the prior year to $603 million and increased 13 percent to $2,210 million for the full year; net income attributable to Hilton stockholders was $26 million for the fourth quarter and $415 million for the full year.
Adjusted EBITDA margin increased over 300 basis points for both the fourth quarter and full year 2013 from the same periods in 2012.
System-wide comparable RevPAR increased 4.7 percent and 5.2 percent for the fourth quarter and full year 2013, respectively, on a currency neutral basis.
Gross operating profit margins for comparable U.S. owned and managed hotels increased 186 basis points for full year 2013 compared to 2012 and increased 154 basis points on a global basis.
Management and franchise fees for the fourth quarter were $333 million, a 10 percent increase from 2012, and $1,271 million for the full year, an 8 percent increase.
Ownership segment Adjusted EBITDA for the fourth quarter was $254 million, a 12 percent increase from 2012, and $926 million for the full year, an increase of 17 percent; results were driven by strong RevPAR growth in 2013 of 6.8 percent at comparable U.S. owned and leased hotels and an increase in gross operating profit margins at U.S. owned and leased hotels of 254 basis points in 2013.
Timeshare segment Adjusted EBITDA was $92 million for the fourth quarter and $297 million for the full year, an increase of 18 percent from 2012.
Gross room additions were 34,000 during 2013, including 9,600 during the fourth quarter; net room growth in 2013 was 25,000 rooms, or over 4 percent of managed and franchised rooms.
Approved 72,000 rooms for development in 2013, including 22,000 in the fourth quarter, growing the development pipeline to over 1,100 hotels, consisting of 195,000 rooms as of December 31, 2013.
Finished 2013 with over 100,000 rooms under construction, representing the largest number of rooms under construction in the industry in every major region of the world according to Smith Travel Research, Inc.
Completed an initial public offering, raising net proceeds to Hilton of $1,243 million.
Reduced long-term debt by $3.8 billion during 2013, including $1.6 billion of voluntary prepayments on the term loan facility during the fourth quarter.
The following information was filed by Hilton Worldwide Holdings Inc. (HLT) on Thursday, February 27, 2014 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.
View differences made from one year to another to evaluate Hilton Worldwide Holdings Inc.'s financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Hilton Worldwide Holdings Inc..