Hilton Worldwide Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,665	1,535	1,141	1,255	410	-715
Depreciation & Amortization	169	146	147	162	188	331
Other Amortization	72	67	59	54	48	46
Loss (Gain) From Sale of Assets	-	-5	-	-	7	-
Asset Writedown & Restructuring Costs	-	-	38	-	-	258
Loss (Gain) From Sale of Investments	-	-	92	-	-	-
Stock-Based Compensation	171	176	169	162	193	97
Other Operating Activities	-363	-410	-580	-131	-131	-215
Change in Accounts Receivable	-103	-103	-126	-270	-301	488
Change in Accounts Payable	155	155	181	198	273	-414
Change in Unearned Revenue	271	330	215	174	-128	215
Change in Other Net Operating Assets	471	122	610	77	-450	617
Operating Cash Flow	2,508	2,013	1,946	1,681	109	708
Operating Cash Flow Growth	32.28%	3.44%	15.76%	1442.20%	-84.60%	-48.84%
Capital Expenditures	-119	-96	-151	-39	-35	-46
Sale of Property, Plant & Equipment	-	8	5	-	6	-
Cash Acquisitions	-2	-236	-	-	-	-
Sale (Purchase) of Intangibles	-93	-102	-96	-63	-44	-46
Investment in Securities	-2	-5	-15	-53	-	-
Other Investing Activities	-	-7	-26	76	19	-12
Investing Cash Flow	-209	-446	-305	-123	-57	-107
Long-Term Debt Issued	-	2,283	609	23	1,510	4,590
Long-Term Debt Repaid	-	-330	-183	-48	-3,230	-2,121
Net Debt Issued (Repaid)	453	1,953	426	-25	-1,720	2,469
Issuance of Common Stock	83	93	51	29	52	31
Repurchase of Common Stock	-3,241	-2,965	-2,392	-1,648	-49	-354
Common Dividends Paid	-145	-150	-158	-123	-	-42
Other Financing Activities	27	24	33	2	-76	-72
Financing Cash Flow	-2,823	-1,045	-2,040	-1,765	-1,793	2,032
Foreign Exchange Rate Adjustments	-5	-21	-12	-19	-10	-
Net Cash Flow	-529	501	-411	-226	-1,751	2,633
Free Cash Flow	2,389	1,917	1,795	1,642	74	662
Free Cash Flow Growth	32.28%	6.80%	9.32%	2118.92%	-88.82%	-49.19%
Free Cash Flow Margin	49.05%	40.39%	40.72%	43.95%	3.03%	41.38%
Free Cash Flow Per Share	9.91	7.67	6.80	5.93	0.26	2.39
Cash Interest Paid	636	562	492	385	359	433
Cash Income Tax Paid	258	492	478	389	181	79
Levered Free Cash Flow	2,064	1,631	1,447	1,515	906.88	118.88
Unlevered Free Cash Flow	2,430	1,970	1,721	1,758	1,139	370
Change in Working Capital	794	504	880	179	-606	906

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.