Hyatt Hotels Corp

For the period ended Dec 31, 2024. Filed Feb 13, 2025.

About 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.

FY2024 · Filed Feb 13, 2025

H$191.55+3.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Cash Flows for the Years Ended

F- 7

	2024	2023	2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$1,296	$220	$455
Adjustments to reconcile net income to net cash provided by operating activities:
(Gains) losses on sales of real estate and other	(1,245)	(18)	(263)
Depreciation and amortization	333	397	426
Amortization of share awards	64	75	61
Amortization of operating lease right-of-use assets	36	42	35
Deferred income taxes	(123)	(125)	(259)
Asset impairments	213	30	38
Equity (earnings) losses from unconsolidated hospitality ventures	(31)	1	(5)
Contra revenue	69	47	31
Unrealized (gains) losses, net	(53)	(36)	55
Contingent consideration liability fair value adjustment	(39)	9	—
Payments for key money assets	(153)	(132)	(165)
Other	78	87	98
Increase (decrease) in cash attributable to changes in assets and liabilities
Receivables, net	(15)	—	(209)
Prepaid income taxes	65	(24)	2
Prepaids and other assets	(116)	(66)	(114)
Other long-term assets	(6)	(92)	(110)
Accounts payable, accrued expenses, and other current liabilities	56	(29)	96
Contract liabilities	48	290	378
Deferred revenue related to the loyalty program	203	202	113
Operating lease liabilities	(35)	(43)	(35)
Accrued compensation and benefits	(6)	(22)	46
Other long-term liabilities	(6)	(13)	—
Net cash provided by operating activities	$633	$800	$674

(Continued)

F- 8

	2024	2023	2022
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities and short-term investments	$(1,775)	$(483)	$(952)
Proceeds from marketable securities and short-term investments	1,338	576	1,060
Contributions to equity method and other investments	(88)	(43)	(8)
Return of equity method and other investments	62	7	54
Acquisitions, net of cash acquired	(609)	(175)	(174)
Capital expenditures	(170)	(198)	(201)
Issuance of financing receivables	(136)	(43)	(25)
Proceeds from financing receivables	51	1	17
Proceeds from sales of real estate and other, net of cash disposed	1,421	(10)	625
Other investing activities	(13)	3	20
Net cash provided by (used in) investing activities	81	(365)	416
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debt, net of offering expenses of $14, $4, and $—, respectively	1,424	596	—
Repayments and repurchases of debt	(750)	(660)	(711)
Repurchases of common stock	(1,190)	(453)	(369)
Dividends paid	(60)	(47)	—
Payment of withholding taxes for stock-based compensation	(43)	(16)	(15)
Other financing activities	1	2	(11)
Net cash used in financing activities	(618)	(578)	(1,106)
Effect of exchange rate changes on cash	(3)	(2)	18
Net increase (decrease) in cash, cash equivalents, and restricted cash, including cash, cash equivalents, and restricted cash classified within current assets held for sale	93	(145)	2
Net increase (decrease) in cash, cash equivalents, and restricted cash classified within assets held for sale	3	(3)	—
Net increase (decrease) in cash, cash equivalents, and restricted cash	96	(148)	2
Cash, cash equivalents, and restricted cash—Beginning of year	919	1,067	1,065
Cash, cash equivalents, and restricted cash—End of year	$1,015	$919	$1,067

(Continued)

F- 9

Supplemental disclosure of cash flow information:

	2024	2023	2022
Cash and cash equivalents	$1,011	$881	$991
Restricted cash	1	34	39
Restricted cash included in other assets	3	4	37
Total cash, cash equivalents, and restricted cash	$1,015	$919	$1,067

	2024	2023	2022
Cash paid during the period for interest	$167	$115	$138
Cash paid during the period for income taxes, net	$160	$153	$101
Cash paid for amounts included in the measurement of operating lease liabilities	$45	$54	$47
Non-cash investing and financing activities are as follows:
Change in accrued capital expenditures	$(4)	$9	$1
Non-cash contributions to equity method and other investments (Note 4, Note 7, Note 15)	$223	$4	$—
Non-cash issuance of financing receivables (Note 4, Note 7)	$185	$—	$—
Non-cash right-of-use assets obtained in exchange for operating lease liabilities	$19	$16	$25
Non-cash legal defeasance of Series 2005 Bonds (Note 7)	$—	$—	$166
Non-cash reduction in right-of-use assets and operating lease liabilities for lease reassessment	$—	$—	$13
Non-cash held-to-maturity debt security received (Note 7)	$—	$—	$19
Non-cash repurchases of common stock (Note 16)	$—	$—	$9
Non-cash contingent consideration liability assumed in acquisition (Note 7)	$141	$107	$—
Non-cash contingent consideration receivable recorded in disposition (Note 4, Note 7)	$5	$28	$—
Non-cash deferred consideration liability assumed in acquisition (Note 7)	$58	$—	$—
Non-cash redemption of HTM debt security in exchange for equity method investment (Note 4)	$—	$32	$—
Non-cash redemption of financing receivables	$—	$20	$—
Non-cash dividends declared (Note 16)	$1	$1	$—

(Concluded)

F- 10

ContentsView on SEC.gov

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