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Hilton Hotels, 1951 Annual Report
Image 25
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Hilton Hotels Corporation. Hilton Hotels, 1951 Annual Report - Image 25. 1951. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. May 25, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1491.

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 25. 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/1491

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 25, 1951, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed May 25, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1491.

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 25
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_004_025.jpg
Transcript HILTON HOTELS CORPORATION AND SUBSIDIARIES COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AS AT THE CLOSE OF YEARS 1946 TO 1951 INCLUSIVE 1951 1950 1949 1948 1947 1946 CURRENT ASSETS: Cash $7,289,412 $6,996,985 $5,582,394 $4,620,363 $5,888,368 $5,741,279 Marketable Securities 710,000 710,000 200,000 200,799 449,299 581,643 Receivables (net) 4,923,736 4,351,549 1,568,672 1,584,243 1,921,137 1,376,328 Inventories 2,246,847 1,976,791 1,031,642 1,320,663 1,680,393 1,736,532 Other 2,846,274 2,355,500 1,742,648 878,464 809,886 220,596 Total Current Assets $18,016,269 $16,390,825 $10,125,356 $8,604,532 $10,749,083 $9,656,378 CURRENT LIABILITIES: Accounts Payable $3,069,809 $2,692,845 $1,590,354 $2,182,510 $1,956,963 $1,652,563 Accrued Liabilities 3,682,449 3,440,643 2,400,262 2,368,039 2,367,052 2,181,018 Provision for Income Taxes 2,650,443 2,868,528 1,232,434 153,232 426,124 2,078,949 Payment of Funded Debt and Long Term Liabilities Due Within One Year 1,136,496 1,016,087 549,778 704,144 614,363 932,902 Other 322,763 351,167 151,634 152,459 157,062 238,015 Total Current Liabilities $10,861,960 $10,369,270 $5,924,462 $5,560,384 $5,521,564 $7,083,447 Working Capital $7,154,309 $6,021,555 $4,200,894 $3,044,148 $ 5,227,519 $ 2,572,931 OTHER ASSETS: Non-Current Receivables and Investments 3,656,894 3,995,749 3,167,227 1,357,529 2,686,642 3,111,952 Fixed Assets (net) 60,876,273 59,625,808 49,292,601 51,042,925 47,600,347 47,883,254 Deferred Charges 800,127 802,462 596,537 454,329 425,091 728,942 Total $72,487,603 $70,445,574 $57,257,259 $55,898,931 $55,939,599 $54,297,079 OTHER LIABILITIES AND RESERVES: Funded Debt and Long Term Liabilities (Less payments due within one year) $34,357,135 $32,933,501 $24,208,252 $23,958,030 $23,719,388 $23,525,646 Sundry Reserves 365,889 402,655 142,914 8,275 13,209 68,929 Total $34,723,024 $33,336,156 $24,351,166 $23,966,305 $23,732,597 $23,594,575 Net Assets $37,764,579 $37,109,418 $32,906,093 $31,932,626 $32,207,002 $30,702,504 NET ASSETS REPRESENTED IN — Convertible Preference Stock $3,994,450 $4,903,850 $5,813,250 $6,723,150 $9,870,068 $11,850,627 Common Stock (Less treasury shares at cost) 7,511,521 7,038,215 6,956,281 7,742,308 8,092,890 8,091,885 Surplus Reserves 500,000 1,700,000 1,820,000 1,820,000 1,820,000 1,820,000 Capital Surplus 9,202,137 7,301,090 7,340,447 7,091,924 6,137,230 5,758,247 Earnings Retained in the Business 14,149,019 12,664,299 9,614,750 7,271,896 5,062,127 1,460,317 Minority Interest 2,407,452 3,501,964 1,361,365 1,283,348 1,224,687 1,721,428 As above $37,764,579 $37,109,418 $32,906,093 $31,932,626 $32,207,002 $30,702,504 BOOK VALUE PER COMMON SHARE. $19.69 $19.16 [7.38 $15.11 $13.04 $10.58