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Hilton Hotels, 1951 Annual Report
Image 20
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Hilton Hotels Corporation. Hilton Hotels, 1951 Annual Report - Image 20. 1951. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 16, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1486.

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. (1951). Hilton Hotels, 1951 Annual Report - Image 20. 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/1494/show/1486

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, 1951 Annual Report - Image 20, 1951, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 16, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1486.

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, 1951 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1951
Description Hilton Hotels Annual Report for calendar year 1951.
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 20
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_004_020.jpg
Transcript BALANCE SHEET LIABILITIES Dec. 31, 1951 Dec. 31, 1950 CURRENT LIABILITIES Bank Loan Payable $ 23,166.66 Accounts Payable 3,069,809.31 Accrued Expenses and Charges 3,682,449.41 Long-Term Debt—Due Within One Year 1,136,495.53 Other 299,596.42 $ 8,211,517.33 Federal, State, City and District Taxes on Income (Note 3) $ 5,040,442.68 Less: U. S. Treasury Tax Notes—(At Cost) 2,390,000.00 $ 2,650,442.68 Total Current Liabilities $10,861,960.01 LONG-TERM DEBT First Mortgage Bonds and Notes $28,369,216.49 Second Mortgage Note 94,356.32 5% Sinking Fund Debentures 3,202,500.00 Installment Purchase Agreements 2,450,000.00 Notes Payable 1,377,557.55 $35,493,630.36 Less: Amounts Due Within One Year—(Above) 1,136,495.53 Total $34,357,134.83 RESERVES Dividends Payable on Convertible Preference Stock Under Option (Note 4) $ 210,278.00 For Debenture Interest Withheld (Note 7) 146,186.65 Other 9,424.18 Total $ 365,888.83 MINORITY INTEREST $ 2,407,452.09 $ 127,225.00 2,692,844.79 3,440,642.58 1,016,087.37 223,942.27 $ 7,500,742.01 $ 4,788,527.68 1,920,000.00 $ 2,868,527.68 $10,369,269.69 $26,475,172.73 120,404.26 4,115,500.00 2,450,000.00 788,511.41 $33,949,588.40 1,016,087.37 $32,933,501.03 $ 206,289.00 187,863.13 8,502.95 $ 402,655.08 $ 3,501,964.00 CAPITAL STOCK AND SURPLUS Capital Stock—(Notes 4 and 5) First Preferred—Par $100.00 Authorized and Unissued . . Shares Convertible Preference—Par $50.00 Authorized Less: Unissued Treasury Stock Outstanding Common—Par $5.00 Authorized. . . Less: Reserved for Conversion Privileges of Convertible Preference Stock Reserved for Subscriptions of Officers and Employees. . Unreserved Outstanding Total Capital Stock Surplus Capital Surplus Less: Surplus Arising from Officers' and Employees' Unpaid Subscriptions to Capital Stock Dec. 31, 1950 100,000.00 367,621.03 133,069.03 136,475.00 269,544.03 Dec. 31, 1951 100,000.00 359,723.03 133,069.03 146,765.00 279,834.03 79,889.00 4,000,000.00 4,000,000.00 453,308.00 469,104.00 600.00 1,856,411.00 1,934,676.00 2,309,719.00 2,404,380.00 1,690,281.00 1,595,620.00 98,077.00 $ 3,994,450.00 $ 4,903,850.00 Earned Surplus Reserve for Contingencies—(Note 6) Total Surplus Total Deduct: Common Stock in Treasury—(At Cost) 97,403 Shares. Total Capital Stock and Surplus TOTAL LIABILITIES 8,451,405.00 7,978,100.00 12,445,855.00 $12,881,950.00 $ 9,202,136.98 $ 7,308,589.76 7,500.00 $ 9,202,136.98 14,149,019.07 500,000.00 $ 7,301,089.76 12,664,299.22 1,700,000.00 $23,851,156.05 $21,665,388.98 $36,297,011.05 939,884.32 $34,547,338.98 939,884.32 $35,357,126.73 $33,607,454.66 $83,349,562.49 $80,814,844.46