Stock Analysis on Net
Stock Analysis on Net

Hilton Worldwide Holdings Inc. (NYSE:HLT)

This company has been moved to the archive! The financial data has not been updated since August 7, 2024.

Common-Size Balance Sheet: Assets 

Hilton Worldwide Holdings Inc., common-size consolidated balance sheet: assets

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 5.19 7.79 9.24 19.21 3.60
Restricted cash and cash equivalents 0.49 0.50 0.55 0.27 0.62
Accounts receivable, net of allowance for credit losses 9.66 8.55 6.92 4.60 8.43
Prepaid expenses 0.85 0.68 0.58 0.42 0.87
Other 0.79 0.98 1.31 0.58 0.48
Current assets 16.97% 18.50% 18.59% 25.08% 13.99%
Goodwill 32.80 32.44 32.84 30.41 34.49
Brands 31.47 31.20 31.62 29.27 32.61
Management and franchise contracts, net 6.91 5.72 4.91 3.90 5.21
Other intangible assets, net 1.12 1.04 1.26 1.59 2.81
Intangible assets, net 39.50% 37.96% 37.79% 34.75% 40.64%
Operating lease right-of-use assets 4.01 4.27 4.49 4.61 5.80
Property and equipment, net 2.48 1.81 1.98 2.07 2.54
Deferred income tax assets 0.91 1.32 1.38 1.16 0.67
Other 3.32 3.71 2.93 1.93 1.87
Intangibles and other assets 83.03% 81.50% 81.41% 74.92% 86.01%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

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).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets experienced a significant increase from 3.6% in 2019 to a peak of 19.21% in 2020, likely reflecting precautionary liquidity measures during that year. Subsequently, this ratio decreased steadily over the following years, reaching 5.19% by 2023, indicating a normalization of cash holdings post-peak.
Restricted Cash and Cash Equivalents
This category remained relatively stable throughout the period, fluctuating slightly between 0.27% and 0.62% of total assets, with a marginal decline from 0.62% in 2019 to 0.49% in 2023, indicating consistent but minor allocation of limited liquidity resources under restrictions.
Accounts Receivable, Net
The accounts receivable percentage showed a decline from 8.43% in 2019 to 4.6% in 2020, potentially due to reduced operating activity in that year, followed by a steady upward trend through 2023, reaching 9.66%. This increase may suggest recovery in revenue and sales activities resulting in higher receivables as a proportion of total assets.
Prepaid Expenses
Prepaid expenses decreased from 0.87% in 2019 to 0.42% in 2020, then gradually increased thereafter to 0.85% in 2023. This trend may reflect a cautious approach to prepaid outlays initially, followed by normalization and possibly increased operational planning or supplier arrangements.
Other Current Assets
The 'Other' current assets item rose modestly from 0.48% in 2019 to a peak of 1.31% in 2021, then declined somewhat to 0.79% by 2023. The fluctuations suggest variable composition or valuation of miscellaneous current assets during this period.
Current Assets Overall
Current assets as a percentage of total assets rose sharply from 13.99% in 2019 to a notable 25.08% in 2020, reflecting increased liquidity or short-term asset holdings possibly in response to economic uncertainty. This ratio decreased steadily to 16.97% in 2023, indicating a realignment toward normal levels post-crisis periods.
Goodwill
Goodwill consistently represented a major component of total assets, declining from 34.49% in 2019 to 30.41% in 2020, followed by a gradual increase stabilizing around 32.8% by 2023. This suggests relative stability in acquired intangible value with minor adjustments over time.
Brands
The brand assets proportion decreased from 32.61% in 2019 to 29.27% in 2020, then showed a slight upward recovery to approximately 31.47% in 2023, signifying sustained brand value with some sensitivity to external conditions.
Management and Franchise Contracts, Net
This item showed a notable decrease from 5.21% in 2019 to 3.9% in 2020, followed by a steady rise, reaching 6.91% in 2023. The upward trend in later years may imply growth or improved valuation of contractual rights or franchise arrangements.
Other Intangible Assets, Net
Other intangible assets declined from 2.81% in 2019 to 1.26% in 2021 and remained relatively low through 2023, suggesting possible amortization or impairment impacting these less significant intangible components.
Intangible Assets Overall
The total net intangible assets decreased sharply from 40.64% in 2019 to 34.75% in 2020, followed by a gradual increase to 39.5% in 2023. This pattern reflects a substantial contraction during 2020 with partial recovery, indicating sensitivity to acquisition and amortization activities during the period.
Operating Lease Right-of-Use Assets
These assets steadily declined from 5.8% in 2019 to 4.01% in 2023, highlighting a consistent reduction in leased asset usage or reclassification impacts over time.
Property and Equipment, Net
The net property and equipment proportion decreased slightly from 2.54% in 2019 to 1.81% in 2022 but rose again to 2.48% in 2023, showing stability with some fluctuation likely linked to capital expenditures or asset disposals.
Deferred Income Tax Assets
Deferred income tax assets increased from 0.67% in 2019 to a peak of 1.38% in 2021, then declined to 0.91% in 2023, suggesting changes linked to tax position adjustments or timing differences in the asset base.
Other Non-Current Assets
Other assets in this category rose from 1.87% in 2019 to 3.71% in 2022 before slightly decreasing to 3.32% in 2023, denoting growth in miscellaneous non-current assets, possibly reflecting investments or other holdings.
Intangibles and Other Assets Combined
The combination of intangible and other assets as a percentage of total assets declined from 86.01% in 2019 to 74.92% in 2020, with a rebound to 83.03% by 2023. This indicates a major shift in asset composition during 2020, with gradual normalization and partial restoration of intangible dominance over the asset structure.
Total Assets
The total assets composition remains constant at 100% across all periods, serving as the baseline for analysis of other line items relative to total asset value.