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Hilton Worldwide Holdings Inc. (HLT) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Hilton Worldwide Holdings Inc.

CIK: 1585689 Ticker: HLT
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Hilton Reports Third Quarter Results

MCLEAN, VA (October 24, 2018) - Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its third quarter 2018 results. All results herein, including prior year periods, reflect the adoption of new accounting standards, including Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09"). Highlights include:
 
Diluted EPS was $0.54 for the third quarter, a 10 percent increase from the same period in 2017, and diluted EPS, adjusted for special items, was $0.77, a 38 percent increase from the same period in 2017

Net income for the third quarter was $164 million, a modest increase from the same period in 2017

Adjusted EBITDA for the third quarter was $557 million, an increase of 9 percent from the same period in 2017

System-wide comparable RevPAR increased 2.0 percent on a currency neutral basis for the third quarter from the same period in 2017

Approved 29,200 new rooms for development during the quarter, growing Hilton's development pipeline to more than 371,000 rooms as of September 30, 2018, representing 11 percent growth from September 30, 2017

Opened 16,100 rooms in the third quarter and achieved net unit growth of 14,800 rooms, which was a 24 percent increase from the same period in 2017

Launched urban, lifestyle micro-hotel brand, Motto by Hilton

Repurchased over 1.5 million shares of Hilton common stock for an aggregate cost of $122 million during the third quarter

Returned $1.7 billion to stockholders through October in the form of share repurchases and dividends

Full year 2018 system-wide RevPAR is expected to increase between 3.0 percent and 3.5 percent on a comparable and currency neutral basis compared to 2017; Full year 2018 Adjusted EBITDA is expected to be between $2,075 million and $2,095 million

Full year 2019 system-wide RevPAR is expected to increase between 2.0 percent and 4.0 percent on a comparable and currency neutral basis compared to 2018; net unit growth is expected to be approximately 6 percent to 7 percent





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The following information was filed by Hilton Worldwide Holdings Inc. (HLT) on Wednesday, October 24, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Hilton Worldwide Holdings Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
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  • Peers / Competitors

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Inside Hilton Worldwide Holdings Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parentheticals)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Comprehensive Income (Parentheticals)
Condensed Consolidated Statements Of Operations Statement
Amortizing Intangible Assets
Amortizing Intangible Assets (Tables)
Amortizing Intangible Assets - Amortization Of Amortizing Intangible Assets (Details)
Amortizing Intangible Assets - Schedule Of Finite Lived Intangible Assets (Details)
Amortizing Intangible Assets - Schedule Of Future Amortization (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 (Tables)
Basis Of Presentation And Summary Of Significant Accounting Policies - Additional Information (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Prior Period Financial Information (Details)
Business Segments
Business Segments (Tables)
Business Segments - Hotel Properties By Segment (Detail)
Business Segments - Reconciliation Of Revenue From Segment Amounts To Consolidated Amounts (Detail)
Business Segments - Reconciliation Of Segment Operating Income To Income Before Income Taxes (Detail)
Business Segments - Schedule Of Assets By Segment (Detail)
Business Segments - Schedule Of Capital Expenditures By Segment (Detail)
Commitments And Contingencies
Commitments And Contingencies (Details)
Condensed Consolidating Guarantor Financial Information
Condensed Consolidating Guarantor Financial Information (Tables)
Condensed Consolidating Guarantor Financial Information - Additional Information (Details)
Condensed Consolidating Guarantor Financial Information - Condensed Balance Sheet (Details)
Condensed Consolidating Guarantor Financial Information - Condensed Cash Flow Statement (Details)
Condensed Consolidating Guarantor Financial Information - Condensed Income Statement (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)
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities (Tables)
Derivative Instruments And Hedging Activities - Additional Information (Details)
Derivative Instruments And Hedging Activities - Earnings Effect Of Derivative Instruments (Details)
Derivative Instruments And Hedging Activities - Fair Value Of Derivative Instruments (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Schedule By Balance Sheet Grouping (Details)
Income Taxes
Income Taxes - Additional Information (Details)
Organization
Organization (Details)
Revenues From Contracts With Customers
Revenues From Contracts With Customers (Details)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Additional Information (Details)
Share-Based Compensation - Performance Share Acheivement Percentages (Details)
Share-Based Compensation - Schedule Of Stock Options Valuation Assumptions (Details)
Stockholders' Equity And Accumulated Other Comprehensive Loss
Stockholders' Equity And Accumulated Other Comprehensive Loss (Tables)
Stockholders' Equity And Accumulated Other Comprehensive Loss - Additional Information (Details)
Stockholders' Equity And Accumulated Other Comprehensive Loss - Schedule Of Accumulated Other Comprehensive Loss (Detail)
Stockholders' Equity And Accumulated Other Comprehensive Loss - Schedule Of Stockholders' Equity (Details)
Ticker: HLT
CIK: 1585689
Form Type: 10-Q Quarterly Report
Accession Number: 0001585689-18-000143
Submitted to the SEC: Wed Oct 24 2018 11:25:44 AM EST
Accepted by the SEC: Wed Oct 24 2018
Period: Sunday, September 30, 2018
Industry: Hotels And Motels

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