Hilton Worldwide Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,457	1,535	1,141	1,255	410
Depreciation & Amortization	177	146	147	162	188
Other Amortization	76	67	59	54	48
Loss (Gain) From Sale of Assets	-	-5	-	-	7
Asset Writedown & Restructuring Costs	-	-	38	-	-
Loss (Gain) From Sale of Investments	-	-	92	-	-
Stock-Based Compensation	170	176	169	162	193
Other Operating Activities	-276	-410	-580	-131	-131
Change in Accounts Receivable	-99	-103	-126	-270	-301
Change in Accounts Payable	212	155	181	198	273
Change in Unearned Revenue	542	330	215	174	-128
Change in Other Net Operating Assets	-130	122	610	77	-450
Operating Cash Flow	2,129	2,013	1,946	1,681	109
Operating Cash Flow Growth	5.76%	3.44%	15.76%	1442.20%	-84.60%
Capital Expenditures	-101	-96	-151	-39	-35
Sale of Property, Plant & Equipment	-	8	5	-	6
Cash Acquisitions	-4	-236	-	-	-
Sale (Purchase) of Intangibles	-84	-102	-96	-63	-44
Investment in Securities	-3	-5	-15	-53	-
Other Investing Activities	5	-7	-26	76	19
Investing Cash Flow	-190	-446	-305	-123	-57
Long-Term Debt Issued	2,875	2,283	609	23	1,510
Long-Term Debt Repaid	-1,916	-330	-183	-48	-3,230
Net Debt Issued (Repaid)	959	1,953	426	-25	-1,720
Issuance of Common Stock	76	93	51	29	52
Repurchase of Common Stock	-3,254	-2,965	-2,392	-1,648	-49
Common Dividends Paid	-143	-150	-158	-123	-
Other Financing Activities	14	24	33	2	-76
Financing Cash Flow	-2,348	-1,045	-2,040	-1,765	-1,793
Foreign Exchange Rate Adjustments	3	-21	-12	-19	-10
Net Cash Flow	-406	501	-411	-226	-1,751
Free Cash Flow	2,028	1,917	1,795	1,642	74
Free Cash Flow Growth	5.79%	6.80%	9.32%	2118.92%	-88.82%
Free Cash Flow Margin	40.94%	40.39%	40.72%	43.95%	3.03%
Free Cash Flow Per Share	8.52	7.67	6.80	5.93	0.26
Cash Interest Paid	648	562	492	385	359
Cash Income Tax Paid	523	492	478	389	181
Levered Free Cash Flow	1,729	1,631	1,447	1,515	906.88
Unlevered Free Cash Flow	2,098	1,970	1,721	1,758	1,139
Change in Working Capital	525	504	880	179	-606

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.