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Hilton Hotels, 1957 Annual Report
Image 24
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Hilton Hotels Corporation. Hilton Hotels, 1957 Annual Report - Image 24. 1957. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. August 12, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1056/show/1047.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation. (1957). Hilton Hotels, 1957 Annual Report - Image 24. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1056/show/1047

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation, Hilton Hotels, 1957 Annual Report - Image 24, 1957, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed August 12, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1056/show/1047.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Hilton Hotels, 1957 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1957
Description Hilton Hotels Annual Report for calendar year 1957.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Hilton Hotels Corporation
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Conrad N. Hilton Papers
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction No Copyright - United States
File Name index.cpd
Item Description
Title Image 24
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_010_024.jpg
Transcript OommpstrSL"tive Statement of CortsolneJertecd Incom YEAR DEC. 31, 1957 GROSS OPERATING REVENUE Rooms Department $ 87,637,170.30 Food and Beverage Department Other Operated Departments. . Other Income Store Rentals OPERATING COSTS AND EXPENSES Departmental Costs and Expenses Administrative and General Expenses Advertising and Business Promotion Heat, Light and Power Maintenance and Repairs Lease Rentals Real Estate and Personal Property Taxes Interest Depreciation and Amortization Corporate Expenses and Sundry Capital Charges NET OPERATING PROFIT ADDITIONS TO OR DEDUCTIONS* FROM INCOME Interest on Investment Securities Profit from Office Buildings and Other Real Estate Operations Reimbursement by Lessor Under Lease Agreement Contribution to Pension Trust Property Tax Refunds Income from Royalties and Sale of Oil Leases Sundry—Other 92,342,835.12 15,546,591.14 4,674,022.69 3,046,131.73 $203,246,750.98 $104,240,789.52 20,949,157.21 4,959,185.04 7,533,431.11 12,071,637.30 16,356,813.60 6,854,457.16 2,631,747.82 8,306,169.04 2,717,621.96 $186,621,009.76 $ 16,625,741.22 $ 1,028,781.94 1,038,372.49 1,061,866.27* 54,886.16 99,205.03 172,313.64* $ 987,065.71 ENDED DEC. 31, 1956 $ 85,082,755.35 89,264,240.92 15,368,355.03 4,880,386.45 2,696,413.16 $197,292,150.91 $101,203,460.85 19,757,907.55 4,630,761.16 6,962,626.31 10,715,822.27 15,947,004.02 6,047,557.56 2,675,214.43 8,002,589.44 2,349,648.26 $178,292,591.85 $ 18,999,559.06 $ 643,855.97 929,188.80 195,293.11 962,900.00* 103,656.72 61,451.53 82,908.49* 887,637.64 PROFIT BEFORE INCOME TAXES PROVISION FOR INCOME TAXES $ 17,612,806.93 Federal, Normal and Surtax $ g ^2 204 52 State, City, District and Foreign Taxes 301 127 46 NET PROFIT BEFORE MINORITY INTEREST.. MINORITY INTEREST NET INCOME REALIZED PROFIT ON SALE OF PROPERTIES LESS: Taxes Applicable Thereto $ 8,883,331.98 $ 8,729,474.95 120,410.35 $ 8,609,064.60 $ 1,939,404.82 484,851.20 1,454,553.62 TOTAL NET INCOME AND PROFITS ^Denotes Red Figures. Notes to Financial Statements form an integral part of this statement and should be considered in connection therewith. $ 10,063,618.22 $ 19,887,196.70 $ 9,943,790.52 320,350.82 $ 10,264,141.34 $ 9,623,055.36 35,840.74 $ 9,587,214.62 $ 9,635,578.34 2,470,423.49 $ 7,165,154.85 $ 16,752,369.47 22 HILTON HOTE ON