Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Hilton Worldwide Holdings Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	731)	1,346)	800)	698)	806)	901)	1,209)	1,282)	1,175)	1,432)	1,427)	1,288)	1,044)	2,402)	3,218)	3,405)	3,503)	1,734)	538)	719)	635)	382)
Restricted cash and cash equivalents	71)	74)	75)	81)	77)	77)	77)	80)	79)	78)	85)	99)	83)	45)	45)	63)	72)	71)	92)	90)	83)	79)
Accounts receivable, net of allowance for credit losses	1,578)	1,467)	1,487)	1,396)	1,402)	1,298)	1,327)	1,278)	1,289)	1,054)	1,068)	1,012)	952)	797)	771)	890)	827)	1,111)	1,261)	1,193)	1,190)	1,102)
Prepaid expenses	166)	193)	131)	157)	146)	158)	105)	139)	128)	165)	89)	124)	116)	104)	70)	113)	91)	138)	130)	115)	117)	140)
Other	143)	103)	121)	152)	149)	127)	152)	197)	169)	132)	202)	171)	184)	120)	98)	113)	84)	95)	72)	138)	190)	173)
Current assets	2,689)	3,183)	2,614)	2,484)	2,580)	2,561)	2,870)	2,976)	2,840)	2,861)	2,871)	2,694)	2,379)	3,468)	4,202)	4,584)	4,577)	3,149)	2,093)	2,255)	2,215)	1,876)
Goodwill	5,042)	5,044)	5,052)	5,033)	5,048)	5,041)	5,032)	4,990)	5,030)	5,061)	5,071)	5,078)	5,090)	5,084)	5,095)	5,169)	5,147)	5,146)	5,159)	5,137)	5,157)	5,162)
Brands	4,994)	4,831)	4,846)	4,831)	4,842)	4,841)	4,840)	4,814)	4,847)	4,875)	4,883)	4,890)	4,899)	4,895)	4,904)	4,884)	4,869)	4,867)	4,877)	4,864)	4,874)	4,872)
Management and franchise contracts, net	1,213)	1,087)	1,064)	986)	958)	960)	887)	874)	873)	778)	758)	730)	724)	691)	653)	652)	688)	734)	780)	794)	817)	841)
Other intangible assets, net	175)	173)	173)	167)	164)	161)	161)	158)	167)	178)	194)	208)	224)	241)	266)	287)	328)	353)	421)	404)	400)	408)
Intangible assets, net	6,382)	6,091)	6,083)	5,984)	5,964)	5,962)	5,888)	5,846)	5,887)	5,831)	5,835)	5,828)	5,847)	5,827)	5,823)	5,823)	5,885)	5,954)	6,078)	6,062)	6,091)	6,121)
Operating lease right-of-use assets	610)	594)	618)	645)	668)	661)	662)	624)	610)	659)	694)	719)	758)	763)	772)	769)	740)	770)	867)	839)	891)	916)
Property and equipment, net	378)	377)	382)	305)	297)	287)	280)	254)	271)	290)	305)	303)	318)	327)	346)	349)	355)	356)	380)	380)	418)	412)
Deferred income tax assets	140)	140)	140)	204)	204)	204)	204)	213)	213)	213)	213)	244)	257)	194)	194)	120)	118)	116)	100)	146)	146)	146)
Other	496)	503)	512)	545)	536)	495)	576)	605)	531)	544)	452)	448)	441)	311)	323)	315)	304)	297)	280)	248)	222)	220)
Intangibles and other assets	13,048)	12,749)	12,787)	12,716)	12,717)	12,650)	12,642)	12,532)	12,542)	12,598)	12,570)	12,620)	12,711)	12,506)	12,553)	12,545)	12,549)	12,639)	12,864)	12,812)	12,925)	12,977)
Total assets	15,737)	15,932)	15,401)	15,200)	15,297)	15,211)	15,512)	15,508)	15,382)	15,459)	15,441)	15,314)	15,090)	15,974)	16,755)	17,129)	17,126)	15,788)	14,957)	15,067)	15,140)	14,853)

The company’s financial position over the examined periods reveals various trends in liquidity, asset composition, and intangible assets. A detailed assessment of the quarterly data highlights the following observations.

Cash and Cash Equivalents: Cash levels exhibited considerable fluctuations across the periods. Beginning with a moderate amount around US$382 million in early 2019, cash and equivalents surged significantly in early 2020, peaking near US$3.5 billion in Q2 2020, likely reflecting precautionary liquidity measures amid external uncertainties. Subsequently, there was a gradual decline to a low near US$698 million in Q3 2023 before rising again toward US$1.3 billion by mid-2024, indicating partial recovery or adjusted liquidity strategy.
Restricted Cash and Cash Equivalents: Restricted cash remained relatively stable with minor variations around the US$70 to US$90 million range across the periods, suggesting consistent restrictions or earmarked accounts without significant movements impacting liquidity.
Accounts Receivable, Net: Accounts receivable demonstrated a noticeable dip during 2020, falling from over US$1.1 billion in Q1 2020 to roughly US$771 million by Q4 2020, reflecting reduced revenue recognition or collection challenges. From 2021 onward, this figure consistently rose, reaching approximately US$1.6 billion by mid-2024, indicating a gradual strengthening in sales activity or extended credit terms.
Prepaid Expenses: The prepaid expenses showed some volatility, with periodic increases and decreases but an overall upward surge from about US$140 million in early 2019 to a peak around US$193 million in Q1 2024. This might point to changes in advance payments or operational cost structuring.
Other Current Assets: Other current assets fluctuated notably, with a decline in early 2020 followed by intermittent rises and dips, ending near US$143 million in mid-2024. The variability signals episodic transactions or adjustments impacting short-term asset components.
Total Current Assets: Current assets surged markedly during 2020, almost doubling from early 2019 values, peaking above US$4.5 billion mid-2020, then decreasing steadily towards the US$2.7-3.1 billion range in 2023 and early 2024. The initial spike aligns with increased cash holdings, while the subsequent contraction suggests stabilization or asset utilization changes.
Goodwill: Goodwill maintained a stable valuation around US$5.0 to 5.2 billion, indicating minimal impairment or acquisition activity affecting this asset class over the periods.
Brands: Brand values remained generally stable around US$4.8 to 4.9 billion, with a brief increase to nearly US$5 billion evident in mid-2024, potentially reflecting revaluation or brand capitalization adjustments.
Management and Franchise Contracts, Net: This category showed a consistent upward trend from roughly US$680 million in mid-2020 to above US$1.2 billion by mid-2024. The growth suggests expansion or increasing emphasis on franchise operations and management contracts over the years.
Other Intangible Assets, Net: Other intangible assets gradually declined from over US$400 million in early 2019 to about US$175 million by mid-2024, exhibiting amortization or asset write-down trends.
Total Intangible Assets, Net: Total intangible assets fluctuated mildly around the US$5.8 to 6.3 billion range, with a modest growth in the more recent quarters, reflecting a balance between amortization and asset additions.
Operating Lease Right-of-Use Assets: Right-of-use assets decreased over time from near US$916 million in early 2019 to approximately US$610 million in mid-2024, suggesting lease terminations, expirations, or adjustments in lease portfolio.
Property and Equipment, Net: Property and equipment values declined overall, from about US$412 million in early 2019 to lows around US$254 million by mid-2022, with a slight recovery to approximately US$378 million by mid-2024. The initial decrease may reflect depreciation or asset sales, whereas the latter increase could indicate new investments.
Deferred Income Tax Assets: Deferred tax assets showed a moderate rise from early values near US$146 million to about US$257 million in mid-2021, before declining again to US$140 million by mid-2024. This pattern may be tied to tax position changes or timing differences in income recognition.
Other Assets: Other assets exhibited general upward movement, increasing from approximately US$220 million in early 2019 to over US$500 million by mid-2024, reflecting accumulation of miscellaneous non-current items.
Intangibles and Other Assets: This broad category remained relatively flat near US$12.5 billion throughout, suggesting stable intangible-related asset balances over time.
Total Assets: Total assets increased during 2020 from about US$15 billion in early 2019 to a high nearing US$17.1 billion mid-2020, then gradually declined back to approximately US$15.7 billion by mid-2024. This trajectory corresponds to earlier cash inflows and subsequent asset adjustments or repayments.

Overall, the data reflect liquidity surges in 2020 likely linked to external shocks requiring cash preservation, followed by normalization and shifts in accounts receivable and intangible asset components indicating recovery and operational adjustments. The stability in goodwill and brands contrasts with stronger growth in management and franchise contracts, signaling a strategic focus on franchising activities. Declines in right-of-use assets and property assets correspond with likely asset optimization or lease restructuring efforts. Total asset fluctuations correlate closely with the company’s liquidity management and asset utilization strategies over the analyzed periods.

Assets: Selected Items

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Hilton Worldwide Holdings Inc. (NYSE:HLT)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data