Hilton Worldwide Holdings Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.46B | $1.54B | $1.14B | $1.26B | $410.0M | $-715.0M | $881.0M | $764.0M |
| Depreciation & Amortization | $177.0M | $146.0M | $147.0M | $162.0M | $188.0M | $331.0M | $346.0M | $325.0M |
| Depreciation | — | — | — | — | — | — | $60.0M | $54.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $170.0M | $176.0M | $169.0M | $162.0M | $193.0M | $97.0M | $154.0M | $127.0M |
| Net Cash from Operating Activities | $2.13B | $2.01B | $1.95B | $1.68B | $109.0M | $708.0M | $1.38B | $1.26B |
| Investing Activities | ||||||||
| Capital Expenditures | $101.0M | $96.0M | $151.0M | $39.0M | $35.0M | $46.0M | $81.0M | $72.0M |
| Business Acquisitions | $4.0M | $236.0M | $0 | $0 | — | — | — | — |
| Net Cash from Investing Activities | $-190.0M | $-446.0M | $-305.0M | $-123.0M | $-57.0M | $-107.0M | $-123.0M | $-131.0M |
| Financing Activities | ||||||||
| Dividends Paid | $143.0M | $150.0M | $158.0M | $123.0M | $0 | $42.0M | $172.0M | $181.0M |
| Stock Repurchases | $3.18B | $2.89B | $2.34B | $1.59B | $0 | $296.0M | $1.54B | $1.72B |
| Net Cash from Financing Activities | $-2.35B | $-1.05B | $-2.04B | $-1.77B | $-1.79B | $2.03B | $-1.11B | $-1.30B |
| Net Change in Cash | $-406.0M | $501.0M | $-411.0M | $-226.0M | $-1.75B | $2.63B | $146.0M | $-186.0M |
| Free Cash Flow | $2.03B | $1.92B | $1.80B | $1.64B | $74.0M | $662.0M | $1.30B | $1.18B |