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Hilton Hotels, 1963 Annual Report
Image 12
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Hilton Hotels Corporation. Hilton Hotels, 1963 Annual Report - Image 12. 1963. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. April 7, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/332/show/315.

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. (1963). Hilton Hotels, 1963 Annual Report - Image 12. 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/332/show/315

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, 1963 Annual Report - Image 12, 1963, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed April 7, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/332/show/315.

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, 1963 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1963
Description Hilton Hotels Annual Report for calendar year 1963.
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 12
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_016_012.jpg
Transcript ANALYSIS OF CONSOLIDATED LONG-TERM DEBT BALANCE ADDITIONS REDUCTIONS BALANCE CEMBER 31, DURING DURING DECEMBER 31, 1962 1963 1963 1963 MORTGAGE BONDS AND NOTES The Conrad Hilton The Shamrock Hilton The Terrace Hilton The Pittsburgh Hilton The Portland Hilton The New Orleans Hilton Inn Hawaiian Village Development Co The Atlanta Hilton Inn Palmer House Company Los Angeles Statler Hilton Dallas Statler Hilton Statler System Mortgage Boston Statler Hilton Washington Statler Hilton Hilton Inns, System Mortgage Hilton Credit Corporation DEBENTURES 2% Hilton due 11/1/64 4V2% Hilton due 1/1/70 6% Hilton due 10/15/84 4% Metropolitan (Portland) due 7/1/83... OTHER NOTES Installment purchase contract Waldorf-Astoria Laundry Hawaiian Village Development Co Amsterdam Hilton Hotel Rotterdam Hilton Hotel San Francisco Hilton Hotel Hilton Credit Corporation Sundry TOTAL $ 3,825,000 10,038,147 6,389,723 12,000,000 890,000 1,960,654 2,996,000 1,475,775 10,484,775 7,513,109 4,774,042 9,219,820 10,000,000 12,000,000 8,460,000 1,050,000 1,854,000 28,011,000 2,659,446 1,530,000 356,300 488,398 140,050 274,257 $138,390,496 4,110,000 36,000 J 70,400 140,050 4,480,213 9,125,000 > 473,550 18,435,213 175,000 225,891 229,441 243,610 50,344 66,959 250,000 38,439 188,748 600,668 202,729 1,486,261 280,462 336,554 450,000 66,747 200,000 40,720 90,576 116,182 5,339,331 3,650,000 9,812,256 6,160,282 11,756,390 4,949,656 1,893,695 2,746,000 1,437,336 10,296,027 6,912,441 4,571,313 7,733,559 9,719,538 11,663,446 8,460,000 36,000 600,000 1,854,000 28,011,000 2,592,699 1,330,000 315,580 468,222 140,050 140,050- 4,480,213 9,125,000 631,625 151,486,378 Capital expenditures for modernization projects totalled $6,787,181 in 1963, compared with $5,683,935 in 1962. The largest expenditure was for work on The Palmer House with other expenditures widespread throughout the hotel system. Provision for depreciation and amortization was almost double the amount spent on modernization projects. Earned surplus at year end amounted to $72,500,257, equal to $20.46 a share on the 3,544,067 shares outstanding compared with $75,823,541, or $19.73 a share at the preceding year end based on the 3,843,612 shares then outstanding. The following is a condensed consolidated statement of source and application of funds for the year ended December 31, 1963: SOURCE OF FUNDS: Net profit $ 4,770,356 Less: net profit from property sales 890,021 Net profit from operations 3,880,335 Depreciation and amortization 13,464,229 Proceeds from sale of one half interest in San Francisco Hilton Hotel 7,620,823 Collections on notes receivable... 1,035,691 Maturing short-term commercial notes 15,500,000 Proceeds from financing 9,057,663 Decrease in other net assets 3,056,866 FUNDS APPLIED TO: Payment of long-term debt $ 5,339,331 Capital expenditures 21,500,629 Purchase of Hilton Credit stock... 3,819,991 Other investments 4,973,503 Purchase of treasury stock 8,572,021 Dividends 2,656,508 Increase in cash 6,753,624 $53,615,607 $53,615,607 io