Hilton Worldwide Holdings Inc. (HLT) [Rocket]

In millions, except per share items	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20	Sep-30-20
	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q
Revenues:
Direct reimbursements from managed and franchised properties	609	511	505	446	329	223	190	244
Management and franchise	681	512	542	538	441	288	285	281
Ownership	282	150			121	56
Other	668	548	789	765	438	307	415	408
Total revenues	2,240	1,721	1,836	1,749	1,329	874	890	933
Revenue growth [+]	68.5%	96.9%	106.3%	87.5%	135.6%	-54.5%	-62.4%	-61.0%
Direct reimbursements from managed and franchised properties	85.1%	129.1%	165.8%	82.8%	67.9%	-70.1%	-75.5%	-68.3%
Management and franchise	54.4%	77.8%	90.2%	91.5%	212.8%	-33.2%	-50.7%	-52.9%
Ownership	133.1%	167.9%			290.3%	-73.3%
Cost of goods sold [+]	1,488	1,206	1,341	1,152	952	695	764	736
Managed and franchised hotel costs	1,231	1,021	1,115	944	810	585	622	592
Gross profit	752	515	495	597	377	179	126	197
Gross margin	33.6%	29.9%	27.0%	34.1%	28.4%	20.5%	14.2%	21.1%
Selling, general and administrative [+]	103	91	103	107	98	97	122	66
General and administrative	103	91	103	107	98	97	122	66
Equity in earnings
Other operating expenses	11	11	13	20	9	10	12	21
EBITDA [+]	638	413	379	470	270	72	-8	110
EBITDA growth	136.3%	473.6%	-4837.5%	327.3%	-267.7%	-73.4%	-101.8%	-84.0%
EBITDA margin	28.5%	24.0%	20.6%	26.9%	20.3%	8.2%	-0.9%	11.8%
Depreciation	30	36	36	37	39	44	55	83
EBITA	608	377	343	433	231	28	-63	27
EBITA margin	27.1%	21.9%	18.7%	24.8%	17.4%	3.2%	-7.1%	2.9%
Amortization of intangibles	10	8	9	9	7	7	7	7
EBIT [+]	598	369	334	424	224	21	-70	20
EBIT growth	167.0%	1657.1%	-577.1%	2020.0%	-190.0%	-88.3%	-120.1%	-96.7%
EBIT margin	26.7%	21.4%	18.2%	24.2%	16.9%	2.4%	-7.9%	2.1%
Non-recurring items [+]			1	-8			125	9
Asset impairment							122	9
Loss (gain) on sale of assets			1	-8
Interest expense	99	90	95	98	101	103	113	116
Interest expense	99	90	95	98	101	103	113	116
Other income (expense), net [+]	14	12	-1	6	4	-62	-41	-9
Gain (loss) on debt retirement						-69
Gain (loss) on foreign currency transactions	8	-4	-8		-1	2	-11	-12
Other	6	16	7	6	5	5	18	3
Pre-tax income	513	291	237	340	127	-144	-349	-114
Income taxes	146	80	89	100	-1	-35	-124	-33
Tax rate	28.5%	27.5%	37.6%	29.4%		24.3%	35.5%	28.9%
Minority interest	-1	-1	1	-1	-2	-1	-1	-2
Net income	368	212	147	241	130	-108	-224	-79
Net margin	16.4%	12.3%	8.0%	13.8%	9.8%	-12.4%	-25.2%	-8.5%

Basic EPS [+]	$1.32	$0.76	$0.53	$0.86	$0.47	($0.39)	($0.81)	($0.29)
Growth	184.1%	-295.6%	-165.2%	-402.9%	-130.0%	-697.8%	-232.6%	-128.2%
Diluted EPS [+]	$1.31	$0.75	$0.52	$0.86	$0.46	($0.39)	($0.81)	($0.29)
Growth	184.1%	-293.5%	-164.7%	-400.7%	-129.8%	-704.3%	-234.0%	-128.5%

Dividends per share [+]	$0.15
Growth						-100.0%	-100.0%	-100.0%

Shares outstanding (basic) [+]	278	279	279	279	279	278	277	277
Growth	-0.4%	0.4%	0.7%	0.7%	0.7%	0.4%	-3.5%	-2.8%
Shares outstanding (diluted) [+]	280	282	281	281	281	278	277	277
Growth	-0.4%	1.4%	1.4%	1.4%	1.4%	-0.7%	-4.5%	-3.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.