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Hilton Hotels, 1950 Annual Report
Image 21
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Hilton Hotels Corporation. Hilton Hotels, 1950 Annual Report - Image 21. 1950. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 26, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/29/show/20.

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. (1950). Hilton Hotels, 1950 Annual Report - Image 21. 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/29/show/20

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, 1950 Annual Report - Image 21, 1950, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 26, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/29/show/20.

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, 1950 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1950
Description Hilton Hotels Annual Report for calendar year 1950.
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 21
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_003_021.jpg
Transcript Balance Sheet LIABILITIES Dec. 31, 1950 Dec. 31, 1949 CURRENT LIABILITIES Bank Loans Payable $ 127,225.00 $ Accounts Payable 1,531,791.50 1,486,861.18 Accrued Expenses and Charges 2,481,001.04 2,302,751.55 Funded and Long-Term Indebtedness—Due Within One Year 841,252.71 449,778.39 Other 117,977.93 126,064.01 Total .$ 5,099,248^18 $ 4,365,455.13 Federal Taxes on Income—(Note 3) $ 3,280,310.74 $ 2,527,727.90 Less: U. S. Treasury Tax Notes—(At Cost) 1,920,000.00 1,550,000.00 $ 1,360,310.74 $ 977,727.90 Total Current Liabilities $ 6,459,558.92 $ 5,343,183.03 FUNDED AND LONG-TERM INDEBTEDNESS First Mortgage Bonds and Notes—(Note 4) $25,343,697.47 $23,540,518.99 Notes Payable 288,511.41 203,511.41 Installment Purchase Agreements Payable—(Note 5) 2,450,000.00 Installment Contract Payable 14,000.00 $28,082,208.88 $23,758,030.40 Less: Amounts Due Within One Year—(Above) 841,252.71 449,778.39 Total $27,240,956X7 $23,308,252.01 CONTINGENT INCOME Casino $ 44,545.00 $ Less: Contingent Accounts Receivable—Casino 44,545.00 RESERVES Dividends Payable on Convertible Preference Stock Under Option—(Note 6). .$ 206,289.00 $ 129,548.00 Other 8,502.95 13,366.32 Total .$ 214,791.95 $ 142,914.32 capital stock and surplus Shares Capital Stock—(Notes 6 and 7) Dec. 31, 1950 Dec. 31, 1949 First Preferred—Par $100.00 Authorized and Unissued 100,000.00 100,000.00 Convertible Preference—Par $50.00 Authorized 367,621.03 375,373.03 Less: Unissued 133,069.03 133,069.03 Treasury Stock 136,475.00 126,039.00 269,544.03 259,108.03 Outstanding 98,077.00 116,265.00 $4,903,850.00 $5,813,250.00 Common—Par $5.00 Authorized . 4,000,0001)0 4^000,000.00 Less: Reserved for Conversion Privileges of Convertible Preference Stock 469,104.00 484,608.00 Reserved for Subscriptions of Officers and Employees 600.00 18,260.00 Unreserved 1,934,676.00 1,902,312.00 2,404,380.00 2,405,180.00 Outstanding 1,595,620.00 1,594,820.00 7,978,100.00 7,974,100.00 Total Capital Stock . .$12,881,950.00 $13,787,350.00 Surplus Capital Surplus $ 7,308,589.76 $ 7,340,447.00 Less: Surplus Arising from Officers' and Employees' Unpaid Subscriptions to Capital Stock 7,500.00 228,250.00 $ 7,301,089.76 $ 7,112,197.00 Earned Surplus 11,316,191.00 9,159,386.51 Reserve for Contingencies—(Note 8) 1,700,000.00 1,700,000.00 Total Surplus $20,317,280.76 $17,971,583.51 Total $33,199,230.76 $31,758,933.51 Deduct: Common Stock in Treasury—(At Cost) 97,403 Shares at December 31, 1950 and 114,228 Shares at December 31, 1949 939,884.32 1,109,118.94 Total Capital Stock and Surplus $32,259,346.44 $30,649,814.57 total liabilities $66,174,653.48 $59,444,163.93 21