Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Hilton Worldwide Holdings Inc., consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable, accrued expenses and other	1,913)	1,935)	1,979)	1,876)	1,694)	1,704)	1,790)	1,728)	1,647)	1,604)	1,568)	1,433)	1,351)	1,271)	1,302)	1,387)	1,372)	1,460)	1,703)	1,784)	1,657)	1,679)
Current maturities of long-term debt	539)	38)	39)	37)	35)	35)	39)	39)	41)	45)	54)	54)	50)	48)	56)	51)	45)	41)	37)	38)	37)	35)
Current portion of deferred revenues	501)	513)	502)	460)	460)	444)	433)	266)	260)	271)	350)	298)	387)	364)	370)	245)	242)	242)	332)	290)	298)	323)
Current portion of liability for guest loyalty program	1,273)	1,288)	1,202)	1,188)	1,246)	1,207)	1,110)	1,332)	1,247)	1,165)	1,047)	837)	991)	793)	703)	616)	647)	477)	799)	788)	788)	757)
Current liabilities	4,226)	3,774)	3,722)	3,561)	3,435)	3,390)	3,372)	3,365)	3,195)	3,085)	3,019)	2,622)	2,779)	2,476)	2,431)	2,299)	2,306)	2,220)	2,871)	2,900)	2,780)	2,794)
Long-term debt, excluding current maturities	9,633)	10,135)	9,157)	8,682)	8,696)	8,706)	8,708)	8,692)	8,702)	8,720)	8,712)	8,713)	8,716)	9,908)	10,431)	10,439)	10,437)	9,455)	7,956)	7,767)	7,772)	7,330)
Operating lease liabilities, non-current	786)	775)	808)	804)	839)	831)	832)	786)	753)	823)	870)	899)	955)	970)	971)	954)	926)	966)	1,037)	1,004)	1,066)	1,103)
Deferred revenues	1,202)	1,152)	1,132)	1,098)	1,022)	992)	986)	845)	855)	846)	896)	790)	798)	930)	1,004)	1,410)	1,445)	929)	827)	834)	822)	830)
Deferred income tax liabilities	368)	373)	401)	706)	710)	715)	735)	794)	727)	719)	700)	718)	685)	616)	649)	658)	669)	750)	795)	873)	861)	850)
Liability for guest loyalty program	1,625)	1,553)	1,530)	1,411)	1,328)	1,306)	1,285)	1,251)	1,252)	1,271)	1,317)	1,739)	1,593)	1,733)	1,766)	1,657)	1,626)	1,437)	1,060)	1,004)	986)	987)
Other	975)	987)	998)	691)	690)	684)	692)	689)	687)	692)	746)	961)	980)	961)	989)	1,031)	1,008)	935)	883)	884)	876)	851)
Long-term liabilities	14,589)	14,975)	14,026)	13,392)	13,285)	13,234)	13,238)	13,057)	12,976)	13,071)	13,241)	13,820)	13,727)	15,118)	15,810)	16,149)	16,111)	14,472)	12,558)	12,366)	12,383)	11,951)
Total liabilities	18,815)	18,749)	17,748)	16,953)	16,720)	16,624)	16,610)	16,422)	16,171)	16,156)	16,260)	16,442)	16,506)	17,594)	18,241)	18,448)	18,417)	16,692)	15,429)	15,266)	15,163)	14,745)
Redeemable noncontrolling interests	21)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)
Treasury stock, at cost	(9,781)	(9,060)	(8,393)	(7,647)	(6,956)	(6,489)	(6,040)	(5,545)	(5,048)	(4,573)	(4,443)	(4,447)	(4,447)	(4,453)	(4,453)	(4,457)	(4,457)	(4,462)	(4,169)	(3,726)	(3,304)	(2,921)
Additional paid-in capital	11,022)	10,954)	10,968)	10,925)	10,879)	10,815)	10,831)	10,791)	10,753)	10,702)	10,720)	10,654)	10,603)	10,547)	10,552)	10,491)	10,465)	10,443)	10,489)	10,460)	10,419)	10,374)
Accumulated deficit	(3,597)	(3,981)	(4,207)	(4,316)	(4,654)	(5,025)	(5,190)	(5,477)	(5,783)	(6,110)	(6,322)	(6,469)	(6,710)	(6,840)	(6,732)	(6,508)	(6,429)	(5,999)	(5,965)	(6,097)	(6,342)	(6,558)
Accumulated other comprehensive loss	(763)	(749)	(731)	(728)	(703)	(724)	(706)	(685)	(714)	(720)	(779)	(869)	(866)	(880)	(860)	(853)	(881)	(899)	(840)	(848)	(806)	(798)
Total Hilton stockholders’ equity (deficit)	(3,116)	(2,833)	(2,360)	(1,763)	(1,431)	(1,420)	(1,102)	(913)	(789)	(698)	(821)	(1,128)	(1,417)	(1,623)	(1,490)	(1,324)	(1,299)	(914)	(482)	(208)	(30)	100)
Noncontrolling interests	17)	16)	13)	10)	8)	7)	4)	(1)	—)	1)	2)	—)	1)	3)	4)	5)	8)	10)	10)	9)	7)	8)
Total equity (deficit)	(3,099)	(2,817)	(2,347)	(1,753)	(1,423)	(1,413)	(1,098)	(914)	(789)	(697)	(819)	(1,128)	(1,416)	(1,620)	(1,486)	(1,319)	(1,291)	(904)	(472)	(199)	(23)	108)
Total liabilities, redeemable noncontrolling interests and equity (deficit)	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)

Current Liabilities and Related Items: Accounts payable, accrued expenses, and other current liabilities decreased from early 2019 to mid-2020, hitting a low in December 2020, then generally increased through mid-2024, peaking in June 2024. Current maturities of long-term debt remained relatively stable until a significant spike occurred in June 2024. The current portion of deferred revenues showed fluctuations with no clear upward or downward trend, whereas the liability for the guest loyalty program's current portion showed a marked increase from 2019 through 2022 with fluctuations thereafter.
Long-Term Liabilities: Long-term debt, excluding current maturities, rose sharply during 2020, reaching a peak in mid-2020, followed by a decline through 2022 and fluctuating levels thereafter. Operating lease liabilities decreased gradually from 2019 to 2024, suggesting possible lease terminations or reclassifications. Deferred revenues increased significantly in early 2020, then decreased and rebounded slightly by mid-2024. Deferred income tax liabilities generally declined over the period, notably falling after 2023. The liability for the guest loyalty program saw a substantial increase from 2019 through 2020, fluctuated, and then slowly increased again, reaching its highest level in the last quarters.
Total Liabilities: Total liabilities exhibited growth from 2019 to mid-2020, peaking in this period, followed by a general decline towards 2021 and stabilization with minor increases up to mid-2024, reflective of the changes in both current and long-term liabilities.
Equity and Stockholders’ Accounts: Common stock remained constant throughout the period. Treasury stock at cost increased steadily in negative value, indicating ongoing repurchases or accumulations. Additional paid-in capital gradually increased, suggesting incremental equity inflows or stock transactions. Accumulated deficit decreased in magnitude from 2019 to 2024, implying an improvement in retained earnings or net losses over time, although the overall position remained negative. Accumulated other comprehensive loss remained relatively stable, fluctuating slightly without a clear trend. Total stockholders’ equity (deficit) showed a continuous decline, reaching increasingly negative balances through the periods analyzed.
Total Equity and Overall Capital Structure: Total equity, inclusive of noncontrolling interests, followed a similar declining pattern, reflecting the negative equity trend, with a modest recovery in noncontrolling interests in later periods. Noncontrolling interests fluctuated slightly but maintained a small relative contribution. The sum of total liabilities, redeemable noncontrolling interests, and equity remained relatively stable, with some variation, indicating adjustments in the capital structure but without dramatic swings.
General Insights: The data show that liabilities grew significantly around 2020, likely reflecting increased borrowing or accrued liabilities during this period. The subsequent partial reduction and stabilization of liabilities, coupled with improving accumulated deficit figures, could suggest efforts to deleverage or enhance financial resilience. The dramatic increase in current maturities of long-term debt in mid-2024 should be noted for its potential implications on liquidity. The continuous increase in treasury stock indicates an ongoing strategy to repurchase shares. Overall, the company exhibits signs of financial rebalancing following elevated debt levels and losses during earlier periods, aiming for stabilization of capital structure and equity positions.

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Hilton Worldwide Holdings Inc. (NYSE:HLT)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data