Hyatt Hotels Corp
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 23, 2024
H$191.55+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income (Loss) for the Years Ended
(In millions of dollars, except per share amounts)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| REVENUES: | |||
| Owned and leased hotels | $1,339 | $1,235 | $838 |
| Management, franchise, license, and other fees | 985 | 808 | 418 |
| Contra revenue | (47) | (31) | (35) |
| Net management, franchise, license, and other fees | 938 | 777 | 383 |
| Distribution and destination management | 1,032 | 986 | 115 |
| Other revenues | 300 | 273 | 109 |
| Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties | 3,058 | 2,620 | 1,583 |
| Total revenues | 6,667 | 5,891 | 3,028 |
| DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES: | |||
| Owned and leased hotels | 1,022 | 916 | 725 |
| Distribution and destination management | 848 | 775 | 112 |
| Depreciation and amortization | 397 | 426 | 310 |
| Other direct costs | 336 | 280 | 127 |
| Selling, general, and administrative | 615 | 464 | 366 |
| Costs incurred on behalf of managed and franchised properties | 3,144 | 2,632 | 1,639 |
| Direct and selling, general, and administrative expenses | 6,362 | 5,493 | 3,279 |
| Net gains (losses) and interest income from marketable securities held to fund rabbi trusts | 55 | (75) | 43 |
| Equity earnings (losses) from unconsolidated hospitality ventures | (1) | 5 | 28 |
| Interest expense | (145) | (150) | (163) |
| Gains on sales of real estate and other | 18 | 263 | 414 |
| Asset impairments | (30) | (38) | (8) |
| Other income (loss), net | 108 | (40) | (19) |
| INCOME BEFORE INCOME TAXES | 310 | 363 | 44 |
| BENEFIT (PROVISION) FOR INCOME TAXES | (90) | 92 | (266) |
| NET INCOME (LOSS) | 220 | 455 | (222) |
| NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — | — | — |
| NET INCOME (LOSS) ATTRIBUTABLE TO HYATT HOTELS CORPORATION | $220 | $455 | $(222) |
| EARNINGS (LOSSES) PER SHARE—Basic | |||
| Net income (loss) | $2.10 | $4.17 | $(2.13) |
| Net income (loss) attributable to Hyatt Hotels Corporation | $2.10 | $4.17 | $(2.13) |
| EARNINGS (LOSSES) PER SHARE—Diluted | |||
| Net income (loss) | $2.05 | $4.09 | $(2.13) |
| Net income (loss) attributable to Hyatt Hotels Corporation | $2.05 | $4.09 | $(2.13) |
F- 5
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.