Hyatt Hotels Corp
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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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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Consolidated Statements of Income for the Years Ended
(In millions of dollars, except per share amounts)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| REVENUES: | |||
| Base management fees | $399 | $374 | $319 |
| Incentive management fees | 242 | 232 | 192 |
| Franchise and other fees | 458 | 364 | 297 |
| Gross fees | 1,099 | 970 | 808 |
| Contra revenue | (69) | (47) | (31) |
| Net fees | 1,030 | 923 | 777 |
| Owned and leased | 1,174 | 1,339 | 1,235 |
| Distribution | 1,023 | 1,047 | 986 |
| Other revenues | 69 | 300 | 273 |
| Revenues for reimbursed costs | 3,352 | 3,058 | 2,620 |
| Total revenues | 6,648 | 6,667 | 5,891 |
| DIRECT AND GENERAL AND ADMINISTRATIVE EXPENSES: | |||
| General and administrative | 548 | 578 | 435 |
| Owned and leased | 925 | 1,022 | 916 |
| Distribution | 875 | 859 | 775 |
| Other direct costs | 94 | 336 | 280 |
| Transaction and integration costs | 42 | 42 | 35 |
| Depreciation and amortization | 333 | 397 | 426 |
| Reimbursed costs | 3,457 | 3,144 | 2,632 |
| Total direct and general and administrative expenses | 6,274 | 6,378 | 5,499 |
| Net gains (losses) and interest income from marketable securities held to fund rabbi trusts | 49 | 55 | (75) |
| Equity earnings (losses) from unconsolidated hospitality ventures | 31 | (1) | 5 |
| Interest expense | (180) | (145) | (150) |
| Gains (losses) on sales of real estate and other | 1,245 | 18 | 263 |
| Asset impairments | (213) | (30) | (38) |
| Other income (loss), net | 257 | 124 | (34) |
| Income before income taxes | 1,563 | 310 | 363 |
| Benefit (provision) for income taxes | (267) | (90) | 92 |
| Net income | 1,296 | 220 | 455 |
| Net income attributable to noncontrolling interests | — | — | — |
| Net income attributable to Hyatt Hotels Corporation | $1,296 | $220 | $455 |
| EARNINGS PER CLASS A AND CLASS B SHARE: | |||
| Net income attributable to Hyatt Hotels Corporation—Basic | $12.99 | $2.10 | $4.17 |
| Net income attributable to Hyatt Hotels Corporation—Diluted | $12.65 | $2.05 | $4.09 |
F- 5
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