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:
Base and other management fees	272	239	208	173	148	118	154	203
Incentive management fees	144	119	98	73	54
Other revenues	84	80	79	77	78	67	73	78
Other	7,046	6,197	5,403	4,519	3,746	3,048	4,042	5,417
Total revenues	7,546	6,635	5,788	4,842	4,026	3,261	4,307	5,786
Revenue growth [+]	87.4%	103.5%	34.4%	-16.3%	-44.5%	-64.4%	-54.4%	-38.3%
Base and other management fees	83.8%	102.5%	35.1%	-14.8%	-46.0%	-67.9%	-60.9%
Incentive management fees	166.7%
Other revenues	7.7%	19.4%	8.2%	-1.3%	-4.9%	-31.6%	-27.7%	-22.8%
Cost of goods sold [+]	5,187	4,651	4,140	3,563	3,147	2,844	3,724	4,751
Managed and franchised hotel costs	4,311	3,890	3,454	2,961	2,609	1,799	1,214	592
Gross profit	2,359	1,984	1,648	1,279	879	417	583	1,035
Gross margin	31.3%	29.9%	28.5%	26.4%	21.8%	12.8%	13.5%	17.9%
Selling, general and administrative [+]	404	399	405	424	383	348	311	303
General and administrative	404	399	405	424	383	348	311	303
Other operating expenses	55	53	52	51	52	56	60	74
EBITDA [+]	1,900	1,532	1,191	804	444	13	212	658
EBITDA growth	327.9%	11684.6%	461.8%	22.2%	-64.0%	-99.3%	-89.8%	-66.8%
EBITDA margin	25.2%	23.1%	20.6%	16.6%	11.0%	0.4%	4.9%	11.4%
Depreciation	139	148	156	175	221	263	302	329
EBITA	1,761	1,384	1,035	629	223	-250	-90	329
EBITA margin	23.3%	20.9%	17.9%	13.0%	5.5%	-7.7%	-2.1%	5.7%
Amortization of intangibles	36	33	32	30	28	28	29	30
EBIT [+]	1,725	1,351	1,003	599	195	-278	-119	299
EBIT growth	784.6%	-586.0%	-942.9%	100.3%	-77.8%	-117.3%	-106.8%	-82.9%
EBIT margin	22.9%	20.4%	17.3%	12.4%	4.8%	-8.5%	-2.8%	5.2%
Non-recurring items [+]			-7	117			299	174
Asset impairment							258	136
Loss (gain) on sale of assets			-7	-8
Interest expense	382	384	397	415	433	438	429	426
Interest expense	382	384	397	415	433	438	429	426
Other income (expense), net [+]	31	21	-53	-93	-108	-148	-77	-31
Gain (loss) on debt retirement						-69
Gain (loss) on foreign currency transactions	-4	-13	-7		-22	-34	-27	-22
Other	35	34	23	34	31	3	-2	-9
Pre-tax income	1,381	995	560	-26	-480	-1,051	-924	-332
Income taxes	415	268	153	-60	-193	-204	-204	-13
Tax rate	30.1%	26.9%	27.3%	230.8%		19.4%	22.1%	3.9%
Minority interest	-2	-3	-3	-5	-6	-6	-5	-3
Net income	968	730	410	39	-281	-841	-715	-316
Net margin	12.8%	11.0%	7.1%	0.8%	-7.0%	-25.8%	-16.6%	-5.5%

Basic EPS [+]	$3.47	$2.62	$1.47	$0.14	($1.01)	($3.03)	($2.58)	($1.13)
Growth	-443.2%	-186.3%	-157.0%	-112.4%	-658.4%	-216.6%	-184.6%	-135.6%
Diluted EPS [+]	$3.44	$2.60	$1.46	$0.14	($1.01)	($3.03)	($2.57)	($1.12)
Growth	-441.1%	-185.6%	-156.8%	-112.4%	-661.9%	-217.7%	-185.1%	-135.7%

Dividends per share [+]	$0.15
Growth			-100.0%	-100.0%	-100.0%	-100.0%	-75.0%	-50.0%

Shares outstanding (basic) [+]	279	279	279	278	278	277	277	280
Growth	0.4%	0.6%	0.6%	-0.4%	-1.3%	-2.6%	-4.1%	27.0%
Shares outstanding (diluted) [+]	281	281	280	279	278	277	278	281
Growth	1.0%	1.4%	0.9%	-0.6%	-1.9%	-3.6%	-4.6%	26.6%

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