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Hilton Hotels, 1951 Annual Report
Image 22
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Hilton Hotels Corporation. Hilton Hotels, 1951 Annual Report - Image 22. 1951. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 19, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1488.

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 22. 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/1488

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 22, 1951, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 19, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1488.

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 22
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_004_022.jpg
Transcript STATEMENT OF CONSOLIDATED SURPLUS CAPITAL SURPLUS balance—beginning of year $ 7,308,589.76 add: Refunds of Property Taxes- Predecessor Corporations $ 13,365.23 Refund of Federal Excess-Profits Taxes of Hilton Hotel Company of Long Beach (Predecessor) for Year 1942 1,101.58 Cancellation of Reserve for Contingencies Created June 1, 1946 1,700,000.00 Discount on Convertible Preference Stock Purchased by the Corporation 181,880.00 Surplus Arising from Exchange of Common Stock for Capital Stock of Hotel Waldorf-Astoria Corporation 924,700.41 2,821,047.22 deduct: $10,129,636.98 Additional Federal Income Taxes of Stevens Hotel Corporation, Predecessor $ 925,000.00 Cancellation of Employees' Subscriptions to 200 Shares of Common Stock Pursuant to Subscription Agreements—Subscription Price $3,500.00—Par Value $1,000.00 2,500.00 927,500.00 BALANCE — END OF YEAR $ 9,202,136.98 EARNED SURPLUS BALANCE—BEGINNING OF YEAR Hilton Hotels Corporation and Wholly-Owned Subsidiaries $11,316,191.00 Adjustments to Reflect Inclusion of All Majority- Owned Subsidiaries (Note 1): add: Equity of Hilton Hotels Corporation in Undistributed Earnings of Majority-Owned Subsidiaries at December 31, 1950 1,584,989.89 $12,901,180.89 deduct: Accumulated Depreciation on Capitalization of Excess Cost of Investments in Majority- Owned Subsidiaries Over Book Value at December 31, 1950 236,881.67 balance—beginning of year (Adjusted to Reflect Inclusion of All Majority-Owned Subsidiaries) $12,664,299.22 add: Adjustment of 1950 Reserve Covering Dividends Payable on Convertible Preference Stock Which was Purchased in Accordance with Option as of January 31, 1951 $ 68,763.00 Consolidated Net Income for the Year Ended December 31, 1951 3,955,548.95 4,024,311.95 deduct: $16,688,611.17 Provision for Reserve for Contingencies $ 500,000.00 Dividends—Convertible Preference Stock 159,778.00 Dividends—Common Stock 1,879,814.10 2,539,592.10 BALANCE—END OF YEAR $14,149,019.07