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: Liabilities and Stockholders’ Equity 

Hilton Worldwide Holdings Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accrued employee compensation and benefits 3.84 3.58 3.33 2.41 3.70
Accounts payable 2.97 2.37 1.77 1.34 2.03
Operating lease liabilities, current 0.75 0.72 0.91 1.01 0.89
Insurance reserves, current 0.64 0.55 0.54 0.41 0.64
Other current liabilities and accrued expenses 4.64 4.31 3.60 2.60 4.13
Accounts payable, accrued expenses and other 12.85% 11.54% 10.15% 7.77% 11.39%
Current maturities of long-term debt 0.25 0.25 0.35 0.33 0.25
Current portion of deferred revenues 3.26 2.79 2.27 2.21 2.22
Current portion of liability for guest loyalty program 7.80 7.16 6.78 4.20 5.34
Current liabilities 24.17% 21.74% 19.55% 14.51% 19.20%
Long-term debt, excluding current maturities 59.46 56.14 56.42 62.26 53.19
Operating lease liabilities, non-current 5.25 5.36 5.63 5.80 6.93
Deferred revenues 7.35 6.36 5.80 5.99 5.53
Deferred income tax liabilities 2.60 4.74 4.53 3.87 5.32
Liability for guest loyalty program 9.93 8.28 8.53 10.54 7.09
Other long-term tax liabilities 4.19 2.25 2.49 2.39 2.47
Insurance reserves 1.00 0.94 0.98 1.13 1.19
Deferred employee compensation and benefits 0.56 0.59 0.72 0.69 0.79
Pension obligations 0.22 0.26 0.16 0.85 0.90
Other 0.51 0.43 0.48 0.84 0.56
Other long-term liabilities 6.48% 4.46% 4.83% 5.90% 5.90%
Long-term liabilities 91.07% 85.34% 85.75% 94.36% 83.96%
Total liabilities 115.24% 107.08% 105.30% 108.87% 103.16%
Common stock, $0.01 par value 0.02 0.02 0.02 0.02 0.02
Treasury stock, at cost -54.50 -38.94 -28.77 -26.58 -27.87
Additional paid-in capital 71.22 69.82 69.43 62.98 70.13
Accumulated deficit -27.32 -33.46 -40.94 -40.18 -39.88
Accumulated other comprehensive loss -4.75 -4.55 -5.05 -5.13 -5.62
Total Hilton stockholders’ deficit -15.32% -7.10% -5.32% -8.89% -3.22%
Noncontrolling interests 0.08 0.03 0.01 0.02 0.07
Total deficit -15.24% -7.08% -5.30% -8.87% -3.16%
Total liabilities and equity (deficit) 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).

Current Liabilities
The proportion of current liabilities relative to total liabilities and equity has shown a consistent upward trend from 19.2% in 2019 to 24.17% in 2023. Notably, specific components such as accrued employee compensation and benefits increased slightly, from 3.7% to 3.84%, and accounts payable rose significantly from 2.03% to 2.97%. The current portion of deferred revenues also expanded from 2.22% to 3.26%, while the current liability related to the guest loyalty program climbed steadily from 5.34% to 7.8%. These increases collectively indicate a growing short-term obligation profile.
Long-Term Liabilities
Long-term liabilities remain a dominant part of the capital structure, initially at 83.96% in 2019, peaking at 94.36% in 2020, then fluctuating but ending at a still elevated 91.07% in 2023. Long-term debt excluding current maturities showed a rise from 53.19% to 59.46%, marking a significant reliance on debt financing. Conversely, operating lease liabilities, both current and non-current, demonstrate a gradual decline as a proportion of total liabilities and equity. The liability for the guest loyalty program, after an initial jump in 2020, exhibits some volatility but ultimately rises from 7.09% to 9.93%.
Deferred and Tax-Related Liabilities
Deferred revenues increased steadily from 5.53% to 7.35%, suggesting a growing amount of prepaid services or customer deposits. Deferred income tax liabilities initially fell from 5.32% to 2.6%, indicating reduced tax obligations or adjustments. Other long-term tax liabilities doubled from 2.47% to 4.19%, implying changes in tax exposure or deferred tax accounting.
Equity and Deficit
The stockholders’ deficit deepened over the period, moving from -3.22% in 2019 to -15.32% in 2023, highlighting an increasing negative equity position. Treasury stock at cost has significantly increased in magnitude from -27.87% to -54.5%, showing substantial share repurchases or cancellations. Accumulated deficit ratios improved, moving from -39.88% to -27.32%, indicating some recovery in retained earnings or reduced losses. Additional paid-in capital remained relatively stable, ending slightly higher at 71.22%, which supports the capital base. Accumulated other comprehensive loss showed slight improvement but remained negative, moving from -5.62% to -4.75%.
Total Liabilities and Equity
Total liabilities as a percentage of total liabilities and equity increased from 103.16% in 2019 to 115.24% in 2023, suggesting growing leverage and liabilities exceeding equity values. Overall, the company exhibits a capital structure heavily weighted toward liabilities, especially long-term debt, with a deepening equity deficit and increasing treasury stock, reflecting strategic financing decisions and potentially higher financial risk.