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Hilton Hotels, 1958 Annual Report
Image 28
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Hilton Hotels Corporation. Hilton Hotels, 1958 Annual Report - Image 28. 1958. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 24, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1383/show/1374.

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 28. 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/1374

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 28, 1958, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 24, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1383/show/1374.

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 28
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_011_028.jpg
Transcript Comparative Statement of Consolidated Income YEAR ENDED DEC. 31, 1958 DEC. 31, 1957 GROSS OPERATING REVENUE Rooms Department $ 91,337,695.29 $ 87,637,170.30 Food and Beverage Department 97,716,369.40 92,342,835.12 Other Operated Departments 15,981,551.96 15,546,591.14 Other Income 4,792,357.51 4,674,022.69 Store Rentals 3,226,802.94 3,043,640.76 $213,054,777.10 $203,244,260.01 OPERATING COSTS AND EXPENSES Departmental Costs and Expenses $117,152,633.50 $104,240,789.52 Administrative and General Expenses 13,430,673.38 20,948,950.65 Advertising and Business Promotion 5,517,630.77 4,959,185.04 Heat, Light and Power 8,640,889.09 7,533,431.11 Maintenance and Repairs 11,481,566.38 12,071,379.80 Lease Rentals 17,692,714.54 16,356,813.60 Real Estate and Personal Property Taxes 7,352,706.47 6,853,605.75 Interest 2,943,520.76 2,631,683.27 Depreciation and Amortization 8,664,489.77 8,158,930.91 Corporate Expenses and Sundry Capital Charges 2,679,890.79 2,860,896.78 $195,556,715.45 $186,615,666.43 NET OPERATING PROFIT $ 17,498,061.65 $ 16,628,593.58 ADDITIONS TO OR (DEDUCTIONS) FROM INCOME Interest on Investment Securities $ 986,424.09 $ 1,028,391.94 Profit from Office Buildings and Other Real Estate Operations 1,051,240.13 1,038,372.49 Contribution to Pension Trust (1,051,475.04) (1,061,866.27) Property Tax Refunds 115,111.25 54,886.16 Income from Royalties 89,933.38 99,205.03 Sundry-Other (267,463.20) (174,776.00) $ 923,770.61 $ 984,213.35 PROFIT BEFORE INCOME TAXES $ 18,421,832.26 $ 17,612,806.93 PROVISION FOR INCOME TAXES Federal Taxes $ 9,231,950.31 $ 8,582,204.52 State, City, District and Foreign Taxes 385,105.97 301,127.46 $ 9,617,056.28 $ 8,883,331.98 NET PROFIT BEFORE MINORITY INTEREST $ 8,804,775.98 $ 8,729,474.95 MINORITY INTEREST 101,010.24 120,410.35 NET INCOME $ 8,703,765.74 $ 8,609,064.60 REALIZED PROFIT ON SALE OF PROPERTIES $ 1,865,898.74 $ 1,939,404.82 LESS: Taxes Applicable Thereto 466,474.69 484,851.20 $ 1,399,424.05 $ 1,454,553.62 TOTAL NET INCOME AND PROFITS $ 10,103,189.79 $ 10,063,618.22 Notes to Financial Statements form an integral part of this statement and should be considered in connection therewith. 26 HILTON HOTELS CORPORATION