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Hilton Hotels, 1958 Annual Report
Image 27
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Hilton Hotels Corporation. Hilton Hotels, 1958 Annual Report - Image 27. 1958. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. May 22, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1383/show/1373.

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. (1958). Hilton Hotels, 1958 Annual Report - Image 27. 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/1383/show/1373

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, 1958 Annual Report - Image 27, 1958, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed May 22, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1383/show/1373.

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, 1958 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1958
Description Hilton Hotels Annual Report for calendar year 1958.
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 27
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_011_027.jpg
Transcript BALANCE SHEET Ll ABI LITI ES DEC. 31, 1958 DEC. 31, 1957 CURRENT LIABILITIES Accounts Payable $ 9,163,423.79 $ 6,142,007.80 Accrued Expenses and Charges 10,215,064.20 9,538,542.75 Long-Term Debt Due within One Year 7,055,288.19 5,505,312.68 Estimated Federal, State, City, District and Foreign Taxes on Income—(Based on Separate Returns of the Consolidated Companies) —(Note 4) 6,532,538.75 7,429,438.66 Sundry—Other 1,148,691.88 1,024,223.10 Total Current Liabilities $ 34,115,006.81 $ 29,639,524.99 LONG-TERM DEBT—(Notes 5, 7 and 9) Mortgage Bonds and Notes $ 38,489,439.90 $ 40,120,224.05 4% Debentures 4,517,000.00 4,669,000.00 2% Debentures 1,500,000.00 1,500,000.00 4]/2% Fifteen-Year Convertible Debentures 2,235,000.00 2,723,300.00 4% Twenty-Five Year Sinking Fund Debentures 2,750,000.00 — Bank Loans and Other Notes Payable 21,634,699.29 13,706,612.25 Sundry—Other 154,500.00 216,500.00 $ 71,280,639.19 $ 62,935,636.30 Less: Amounts Due within One Year—(Above) 7,055,288.19 5,505,312.68 Total Long-Term Debt $ 64,225,351.00 $ 57,430,323.62 DEFERRED INCOME Unrealized Profit on Sale of Properties—(Note 2) $ 15,327,204.00 $ 17,150,348.46 Sundry—Other 105,759.64 109,828.53 Total Deferred Income $ 15,432,963.64 $ 17,260,176.99 RESERVES—SUNDRY $ 517,093.08 $ 532,940.45 MINORITY INTEREST $ — $ 1,399,792.43 CAPITAL STOCK AND SURPLUS Capital Stock—(Notes 6 and 9) Cumulative First Preferred, Issuable in Series, Par $100.00. Authorized, 57,000 Shares, Issued.and Outstanding—5% Series "A" —52,900 Shares $ 5,290,000.00 $ 5,290,000.00 Cumulative Preferred, Issuable in Series, Par $25.00, Authorized 500,000 Shares. 5^2% Series "A" Authorized 278,733 Shares, Issued and Outstanding 241,419 Shares at December 31, 1958 and 233,214 Shares at December 31, 1957 6,035,475.00 5,830,350.00 Common, Par $2.50, Authorized 8,000,000 Shares, Issued 4,464,283 Shares at December 31, 1958 and 4,435,721 Shares at December 31, 1957 (Including 608,117 and 497,050 Shares in Treasury—See Below) 11,160,707.50 11,089,302.50 Scrip 51.50 76.31 Total Capital Stock $ 22,486,234.00 $ 22,209,728.81 Surplus Capital Surplus $ 27,853,327.48 $ 26,505,819.84 Earned Surplus—(Note 9) 52,060,569.06 47,254,199.63 Reserve for Contingencies 500,000.00 500,000.00 Total Surplus $ 80,413,896.54 $ 74,260,019747 Total Capital Stock and Surplus $102,900,130.54 $ 96,469,748.28 Deduct: Common Stock in Treasury—(At Cost) 608,117 Shares at December 31, 1958 and 497,050 Shares at December 31, 1957. . 8,118,726.34 5,213,868.76 $ 94,781,404.20 $ 91,255,879.52 COMMITMENTS AND CONTINGENT Ll ABI LITI ES—(Notes 7 and 8) TOTAL LIABILITIES $209,071,818.73 $197,518,638.00 • AND SUBSIDIARIES 25