Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Hilton Worldwide Holdings Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Franchise and licensing fees	2,370)	2,068)	1,493)	945)	1,681)
Base and other management fees	342)	294)	176)	123)	332)
Incentive management fees	274)	196)	98)	38)	230)
Owned and leased hotels	1,244)	1,076)	598)	421)	1,422)
Other revenues	178)	102)	79)	73)	101)
Other revenues from managed and franchised properties	5,827)	5,037)	3,344)	2,707)	5,686)
Revenues	10,235)	8,773)	5,788)	4,307)	9,452)
Owned and leased hotels	(1,141)	(999)	(679)	(620)	(1,254)
Depreciation and amortization	(147)	(162)	(188)	(331)	(346)
General and administrative	(408)	(382)	(405)	(311)	(441)
Reorganization costs	—)	—)	—)	(41)	—)
Impairment losses	(38)	—)	—)	(258)	—)
Other expenses	(112)	(60)	(45)	(60)	(72)
Other expenses from managed and franchised properties	(6,164)	(5,076)	(3,454)	(3,104)	(5,763)
Expenses	(8,010)	(6,679)	(4,771)	(4,725)	(7,876)
Gain (loss) on sales of assets, net	—)	—)	(7)	—)	81)
Operating income (loss)	2,225)	2,094)	1,010)	(418)	1,657)
Interest expense	(464)	(415)	(397)	(429)	(414)
Gain (loss) on foreign currency transactions	(16)	5)	(7)	(27)	(2)
Loss on debt extinguishment	—)	—)	(69)	(48)	—)
Loss on investments in unconsolidated affiliate	(92)	—)	—)	—)	—)
Other non-operating income (loss), net	39)	50)	23)	(2)	3)
Income (loss) before income taxes	1,692)	1,734)	560)	(924)	1,244)
Income tax (expense) benefit	(541)	(477)	(153)	204)	(358)
Net income (loss)	1,151)	1,257)	407)	(720)	886)
Net (income) loss attributable to noncontrolling interests	(10)	(2)	3)	5)	(5)
Net income (loss) attributable to Hilton stockholders	1,141)	1,255)	410)	(715)	881)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Hilton Worldwide Holdings Inc. revenues increased from 2021 to 2022 and from 2022 to 2023.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Hilton Worldwide Holdings Inc. operating income (loss) increased from 2021 to 2022 and from 2022 to 2023.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Hilton Worldwide Holdings Inc. income (loss) before income taxes increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Net income (loss) attributable to Hilton stockholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Hilton Worldwide Holdings Inc. net income (loss) attributable to Hilton stockholders increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

Hilton Worldwide Holdings Inc. (NYSE:HLT)

Income Statement