Hilton Worldwide Holdings Inc. (HLT) quarterly cash flow statement — complete operating, investing & financing history
Hilton Worldwide Holdings Inc. (HLT) cash flow statement — 15-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 472M | 618M | 203M | 816M | 658M | 452M | 582M | 664M | 421M | 346M | 465M | 687M | 464M | 330M | 482M | 671M | 333M | 195M | 131M | 278M |
| Operating CF Margin % | 14.13% | 21.04% | 6.58% | 26.15% | 20.98% | 16.77% | 20.91% | 23.16% | 14.27% | 13.45% | 17.82% | 25.7% | 17.44% | 14.39% | 19.72% | 28.34% | 14.87% | 11.33% | 7.14% | 15.89% |
| Operating CF Growth % | -28.27% | 36.73% | -65.12% | 22.89% | 56.29% | 30.64% | 25.16% | -3.35% | -9.27% | 4.85% | -3.53% | 2.38% | 39.34% | 69.23% | 267.94% | 141.37% | 358.14% | 214.04% | 194.93% | 378% |
| Net Income | 482M | 383M | 298M | 421M | 442M | 300M | 509M | 344M | 422M | 268M | 150M | 379M | 413M | 209M | 333M | 346M | 367M | 211M | 148M | 240M |
| Depreciation & Amortization | 66M | 50M | 47M | 46M | -14M | 41M | 39M | 37M | 34M | 36M | 33M | 40M | 37M | 37M | 39M | 39M | 40M | 44M | 45M | 46M |
| Stock-Based Compensation | 61M | 45M | 35M | 44M | 55M | 36M | 36M | 44M | 55M | 41M | 36M | 48M | 52M | 33M | 36M | 42M | 47M | 37M | 49M | 52M |
| Deferred Taxes | -3M | -25M | 34M | 48M | 3M | -21M | -216M | 5M | -6M | -30M | -226M | -8M | -10M | -20M | -20M | 57M | -3M | -3M | -10M | 41M |
| Other Non-Cash Items | -93M | -6M | -215M | -7M | 29M | -18M | -59M | 7M | -26M | -31M | -85M | -7M | -17M | -3M | -68M | -10M | -21M | -3M | -9M | -36M |
| Working Capital Changes | -41M | 171M | 4M | 264M | 143M | 114M | 273M | 227M | -58M | 62M | 557M | 235M | -11M | 74M | 162M | 197M | -97M | -91M | -92M | -65M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -126M | 0 | 0 | 0 | -270M | 0 | 0 | 0 | -301M | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 149M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -452M | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23M | 0 | 0 | 0 | 198M | 0 | 0 | 0 | 273M | 0 |
| Cash from Investing | -41M | -39M | -60M | -44M | -36M | -50M | -79M | -49M | -291M | -27M | -77M | -74M | -69M | -85M | -25M | -4M | -68M | -26M | -23M | -20M |
| Capital Expenditures | 10M | -9M | -52M | -50M | -43M | -40M | -48M | -47M | -38M | -34M | -70M | -61M | -53M | -63M | -40M | -26M | -22M | -14M | -34M | -8M |
| CapEx % of Revenue | 0.3% | 0.31% | 1.68% | 1.6% | 1.37% | 1.48% | 1.72% | 1.64% | 1.29% | 1.32% | 2.68% | 2.28% | 1.99% | 2.75% | 1.64% | 1.1% | 0.98% | 0.81% | 1.85% | 0.46% |
| Acquisitions | 0 | 0 | -3M | -1M | -2M | -1M | 0 | -3M | -236M | -1M | 5M | -11M | -2M | -2M | 53M | -2M | -31M | -20M | 6M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -38M | -23M | -3M | 7M | 0 | 0 | -31M | 4M | -1M | 8M | -7M | -2M | -14M | -20M | -38M | 24M | -15M | 8M | 5M | -12M |
| Cash from Financing | 12M | -923M | -296M | -92M | -986M | -974M | -771M | 232M | -744M | 238M | -296M | -713M | -484M | -547M | -535M | -551M | -512M | -167M | 21M | 4M |
| Debt Issued (Net) | 993M | -8M | 491M | 684M | -221M | -10M | -15M | 986M | -9M | 991M | 463M | -16M | -9M | -12M | -13M | -5M | -12M | 5M | -4M | 2M |
| Equity Issued (Net) | -926M | -810M | -750M | -752M | -769M | -866M | -730M | -725M | -736M | -666M | -743M | -675M | -470M | -450M | -498M | -506M | -465M | -121M | -1M | 0 |
| Dividends Paid | -34M | -35M | -35M | -35M | -36M | -37M | -37M | -37M | -37M | -39M | -38M | -39M | -40M | -41M | -41M | -41M | -41M | 0 | 0 | 0 |
| Share Repurchases | -966M | -821M | -779M | -759M | -769M | -875M | -766M | -725M | -736M | -666M | -743M | -675M | -470M | -450M | -498M | -506M | -465M | -121M | -1M | 0 |
| Other Financing | -21M | -70M | -2M | 11M | 40M | -61M | 11M | 8M | 38M | -48M | 22M | 17M | 35M | -44M | 17M | 1M | 6M | -51M | 26M | 2M |
| Net Change in Cash | 445M | -351M | -156M | 678M | -359M | -569M | -279M | 853M | -618M | 545M | 96M | -104M | -95M | -308M | -76M | 108M | -256M | -2M | 125M | 260M |
| Free Cash Flow | 481M | 609M | 151M | 766M | 635M | 412M | 534M | 617M | 383M | 312M | 395M | 626M | 411M | 267M | 442M | 645M | 311M | 181M | 113M | 270M |
| FCF Margin % | 14.4% | 20.74% | 4.89% | 24.55% | 20.24% | 15.29% | 19.19% | 21.52% | 12.98% | 12.13% | 15.14% | 23.42% | 15.45% | 11.64% | 18.09% | 27.24% | 13.88% | 10.52% | 6.15% | 15.44% |
| FCF Growth % | -24.25% | 47.82% | -71.72% | 24.15% | 65.8% | 32.05% | 35.19% | -1.44% | -6.81% | 16.85% | -10.63% | -2.95% | 32.15% | 47.51% | 291.15% | 138.89% | 317.48% | 199.45% | 173.38% | 338.94% |
| FCF per Share | 2.10 | 2.63 | 0.63 | 3.19 | 2.66 | 1.70 | 2.17 | 2.48 | 1.52 | 1.22 | 1.53 | 2.39 | 1.55 | 0.99 | 1.63 | 2.35 | 1.11 | 0.64 | 0.40 | 0.96 |
| FCF Conversion (FCF/Net Income) | 0.98x | 1.61x | 0.68x | 1.94x | 1.50x | 1.51x | 1.15x | 1.93x | 1.00x | 1.31x | 3.16x | 1.82x | 1.13x | 1.60x | 1.47x | 1.93x | 0.90x | 0.92x | 0.89x | 1.15x |
| Interest Paid | 195M | 143M | 186M | 142M | 174M | 146M | 174M | 116M | 152M | 120M | 147M | 0 | 136M | 101M | 119M | 81M | 105M | 78M | 105M | 80M |
| Taxes Paid | 0 | 41M | 358M | 44M | 92M | 29M | -18M | 131M | 250M | 18M | 129M | 0 | 0 | 0 | 136M | 123M | 0 | 0 | 102M | 37M |