Cash Flow Statement

Operating Cash Flow

+27%

+201%

10Y

Currency: USD

	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Operating Cash Flow
Net Income	397	438	462	460	546	601	585	682	708	663	759	1 416	1 576	1 653	1 562	354	92	(1)	(33)	1 089	1 204	1 270	1 274	769	765	809	935	886	745	52	(319)	(720)	(847)	(287)	34	407	727	966	1 072	1 257	1 255	1 301	1 334	1 151	1 210	1 219	1 184	1 539	1 571	1 591	1 668	1 461
Depreciation & Amortization	710	600	611	603	596	605	618	628	650	665	677	692	686	684	682	673	590	502	416	336	332	328	326	325	327	334	339	346	353	355	359	331	291	249	205	188	181	175	168	162	155	152	153	147	146	143	140	146	151	160	169	177
Change in Deffered Taxes	80	64	143	65	6	(2)	(63)	14	106	66	110	(479)	(551)	(589)	(660)	(85)	(120)	(108)	(98)	(729)	(699)	(645)	(540)	(14)	(3)	26	(21)	(20)	(31)	(139)	(184)	(235)	(237)	(152)	(87)	(4)	32	28	44	34	17	7	(58)	(264)	(274)	(270)	(257)	(247)	(238)	(229)	(186)	64
Stock-Based Compensation	52	53	52	262	279	300	314	78	78	137	135	124	116	51	60	91	105	123	132	121	124	130	133	127	133	140	147	154	108	85	68	97	148	177	204	193	191	185	175	162	158	163	169	169	177	180	176	176	171	171	171	170
Other Non-Cash Items	109	118	87	80	41	(22)	10	46	(39)	42	(103)	(103)	22	(3)	180	88	129	117	101	135	66	86	74	78	94	88	40	30	92	110	194	378	291	233	210	124	157	191	207	130	126	138	147	141	121	115	125	145	153	151	137	26
Cash Taxes Paid	0	94	109	233	255	334	433	429	427	485	504	475	494	520	592	677	644	672	578	526	529	438	379	288	292	296	296	363	400	259	192	79	54	68	91	181	112	269	355	389	408	492	485	478	521	513	528	492	503	345	258	0
Cash Interest Paid	618	533	522	535	500	504	493	514	505	488	490	485	483	479	497	478	505	411	362	314	273	305	297	330	329	371	370	360	383	370	388	433	411	407	411	359	365	368	369	383	395	437	464	492	508	527	535	562	592	610	636	648
Change in Working Capital	(14)	100	81	893	887	793	826	(63)	80	66	15	(80)	(234)	(273)	(340)	280	330	470	550	18	139	(2)	34	97	193	116	230	142	(10)	1 302	998	954	910	(581)	(522)	(606)	(622)	(423)	(161)	98	263	349	387	771	759	712	704	430	482	683	720	401
Cash from Operating Activities	1 282 N/A	1 320 +3%	1 384 +5%	2 101 +52%	2 076 -1%	1 975 -5%	1 976 +0%	1 307 -34%	1 505 +15%	1 502 0%	1 458 -3%	1 446 -1%	1 499 +4%	1 472 -2%	1 424 -3%	1 310 -8%	1 021 -22%	980 -4%	936 -4%	849 -9%	1 042 +23%	1 037 0%	1 168 +13%	1 255 +7%	1 376 +10%	1 373 0%	1 523 +11%	1 384 -9%	1 149 -17%	1 680 +46%	1 048 -38%	708 -32%	408 -42%	(538) N/A	(160) +70%	109 N/A	475 +336%	937 +97%	1 330 +42%	1 681 +26%	1 816 +8%	1 947 +7%	1 963 +1%	1 946 -1%	1 962 +1%	1 919 -2%	1 896 -1%	2 013 +6%	2 119 +5%	2 356 +11%	2 508 +6%	2 129 -15%
Investing Cash Flow
Capital Expenditures	(636)	(419)	(374)	(376)	(381)	(382)	(430)	(402)	(435)	(440)	(398)	(409)	(406)	(430)	(448)	(398)	(312)	(223)	(161)	(133)	(140)	(152)	(165)	(159)	(176)	(183)	(191)	(205)	(192)	(178)	(136)	(92)	(74)	(54)	(61)	(79)	(82)	(90)	(96)	(102)	(151)	(182)	(217)	(247)	(218)	(203)	(189)	(198)	(204)	(209)	(212)	(185)
Other Items	14	(26)	(23)	(6)	(10)	62	100	92	663	509	803	823	245	350	1	(25)	(38)	(29)	(11)	(14)	4	(5)	33	28	27	32	93	82	66	74	(29)	(15)	(2)	9	9	22	15	(47)	(25)	(21)	(31)	(1)	(36)	(58)	(29)	(266)	(255)	(248)	(265)	(5)	3	(5)
Cash from Investing Activities	(622) N/A	(445) +28%	(397) +11%	(382) +4%	(391) -2%	(320) +18%	(330) -3%	(310) +6%	228 N/A	69 -70%	405 +487%	414 +2%	(161) N/A	(80) +50%	(447) -459%	(423) +5%	(350) +17%	(252) +28%	(172) +32%	(147) +15%	(136) +7%	(157) -15%	(132) +16%	(131) +1%	(149) -14%	(151) -1%	(98) +35%	(123) -26%	(126) -2%	(104) +17%	(165) -59%	(107) +35%	(76) +29%	(45) +41%	(52) -16%	(57) -10%	(67) -18%	(137) -104%	(121) +12%	(123) -2%	(182) -48%	(183) -1%	(253) -38%	(305) -21%	(247) +19%	(469) -90%	(444) +5%	(446) 0%	(469) -5%	(214) +54%	(209) +2%	(190) +9%
Financing Cash Flow
Net Issuance of Common Stock	0	0	0	1 243	0	1 256	1 256	13	0	0	0	0	0	0	0	0	(70)	(352)	(625)	(891)	(931)	(1 978)	(1 827)	(1 721)	(1 907)	(935)	(1 246)	(1 538)	(1 538)	(1 181)	(748)	(296)	0	0	0	52	(65)	(590)	(1 096)	(1 561)	(1 889)	(1 811)	(1 976)	(2 287)	(2 488)	(2 750)	(2 794)	(2 800)	(3 020)	(3 049)	(3 086)	(3 106)
Net Issuance of Debt	(860)	(1 078)	(1 396)	(3 115)	(3 232)	(3 047)	(2 940)	(1 074)	(1 565)	(1 568)	(1 656)	(1 576)	(898)	(713)	(363)	356	387	407	425	(36)	(49)	955	964	671	724	171	164	653	2 099	2 652	2 661	2 469	468	(1 726)	(1 723)	(1 720)	(1 199)	(9)	(16)	(25)	(42)	(39)	(50)	426	1 429	1 429	2 431	1 953	952	740	453	959
Cash Paid for Dividends	0	0	0	0	0	0	0	0	0	0	(69)	(138)	(207)	(276)	(276)	(277)	(257)	(237)	(217)	(195)	(193)	(189)	(185)	(181)	(178)	(176)	(174)	(172)	(170)	(127)	(84)	(42)	0	0	0	0	0	(41)	(82)	(123)	(164)	(163)	(161)	(158)	(156)	(153)	(151)	(150)	(148)	(147)	(145)	(143)
Other	207	141	267	9	(29)	21	(133)	(14)	(47)	(13)	(29)	(39)	(3)	(31)	(42)	(123)	(704)	(704)	(668)	(602)	(46)	(67)	(70)	(69)	(71)	(67)	(62)	(56)	(61)	(52)	(47)	(99)	(160)	(142)	(146)	(125)	(72)	(14)	(15)	(56)	(50)	(104)	(92)	(21)	(40)	(41)	(56)	(48)	(41)	(43)	(45)	(58)
Cash from Financing Activities	(653) N/A	(937) -43%	(1 129) -20%	(1 863) -65%	(2 018) -8%	(1 770) +12%	(1 817) -3%	(1 075) +41%	(1 599) -49%	(1 581) +1%	(1 754) -11%	(1 753) +0%	(1 108) +37%	(1 020) +8%	(681) +33%	(44) +94%	(644) -1 364%	(886) -38%	(1 085) -22%	(1 724) -59%	(1 219) +29%	(1 279) -5%	(1 118) +13%	(1 300) -16%	(1 432) -10%	(1 007) +30%	(1 318) -31%	(1 113) +16%	330 N/A	1 292 +292%	1 782 +38%	2 032 +14%	308 -85%	(1 868) N/A	(1 869) 0%	(1 793) +4%	(1 336) +25%	(654) +51%	(1 209) -85%	(1 765) -46%	(2 145) -22%	(2 117) +1%	(2 279) -8%	(2 040) +10%	(1 255) +38%	(1 515) -21%	(570) +62%	(1 045) -83%	(2 257) -116%	(2 499) -11%	(2 823) -13%	(2 348) +17%
Change in Cash
Effect of Foreign Exchange Rates	(11)	(16)	(17)	(17)	(9)	(1)	(10)	(14)	(22)	(24)	(24)	(19)	(6)	(4)	5	(15)	(14)	(14)	(14)	8	10	(5)	(14)	(10)	(17)	(2)	2	(2)	(9)	(11)	(6)	0	2	3	0	(10)	(9)	(19)	(25)	(19)	(21)	(18)	(14)	(12)	(18)	(16)	(6)	(21)	(6)	3	(5)	3
Net Change in Cash	(4) N/A	(78) -1 850%	(159) -104%	(161) -1%	(342) -112%	(116) +66%	(181) -56%	(92) +49%	112 N/A	(34) N/A	85 N/A	88 +4%	224 +155%	368 +64%	301 -18%	828 +175%	13 -98%	(172) N/A	(335) -95%	(1 014) -203%	(303) +70%	(404) -33%	(96) +76%	(186) -94%	(222) -19%	213 N/A	109 -49%	146 +34%	1 344 +821%	2 857 +113%	2 659 -7%	2 633 -1%	642 -76%	(2 448) N/A	(2 081) +15%	(1 751) +16%	(937) +46%	127 N/A	(25) N/A	(226) -804%	(532) -135%	(371) +30%	(583) -57%	(411) +30%	442 N/A	(81) N/A	876 N/A	501 -43%	(613) N/A	(354) +42%	(529) -49%	(406) +23%
Free Cash Flow
Free Cash Flow	646 N/A	901 +39%	1 010 +12%	1 725 +71%	1 695 -2%	1 593 -6%	1 546 -3%	905 -41%	1 070 +18%	1 062 -1%	1 060 0%	1 037 -2%	1 093 +5%	1 042 -5%	976 -6%	912 -7%	709 -22%	757 +7%	775 +2%	716 -8%	902 +26%	885 -2%	1 003 +13%	1 096 +9%	1 200 +9%	1 190 -1%	1 332 +12%	1 179 -11%	957 -19%	1 502 +57%	912 -39%	616 -32%	334 -46%	(592) N/A	(221) +63%	30 N/A	393 +1 210%	847 +116%	1 234 +46%	1 579 +28%	1 665 +5%	1 765 +6%	1 746 -1%	1 699 -3%	1 744 +3%	1 716 -2%	1 707 -1%	1 815 +6%	1 915 +6%	2 147 +12%	2 296 +7%	1 944 -15%

Income Statement Balance Sheet Cash Flow Statement

Hilton Worldwide Holdings Inc
NYSE:HLT

Cash Flow Statement

Cash Flow Statement
Hilton Worldwide Holdings Inc

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Hilton Worldwide Holdings Inc NYSE:HLT

Cash Flow Statement

Cash Flow Statement Hilton Worldwide Holdings Inc

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Hilton Worldwide Holdings Inc
NYSE:HLT

Cash Flow Statement
Hilton Worldwide Holdings Inc