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Hilton Hotels, 1952 Annual Report
Image 16
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Hilton Hotels Corporation. Hilton Hotels, 1952 Annual Report - Image 16. 1952. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. May 21, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/736/show/723.

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. (1952). Hilton Hotels, 1952 Annual Report - Image 16. 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/736/show/723

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, 1952 Annual Report - Image 16, 1952, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed May 21, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/736/show/723.

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, 1952 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1952
Description Hilton Hotels Annual Report for calendar year 1952.
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 16
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_005_016.jpg
Transcript HILTON HO CONSOLIDATED INCOME Tear Ended Dec. 31, 1952 Dec. 31, 1951 GROSS OPERATING REVENUE Rooms Department $34,331,105.38 $31,350,484.24 Food and Beverage Department 40,950,719.15 38,215,048.41 Other Operated Departments 8,983,416.01 7,869,696.39 Other Income 1,555,617.96 1,422,104.55 Store Rentals 1,334,513.81 1,316,046.87 $87,155,372.31 $80,173,380.46 OPERATING COSTS AND EXPENSES Departmental Costs and Expenses $47,683,216.30 $44,051,999.65 Administrative and General Expenses 8,275,934.79 7,276,939.88 Advertising and Business Promotion 1,802,293.88 1,578,280.22 Heat, Light and Power 2,671,729.46 2,454,960.37 Maintenance and Repairs 5,063,584.64 4,328,085.74 Lease Rentals 3,351,809.05 2,706,455.55 Real Estate and Personal Property Taxes 2,926,238.43 2,574,738.41 Interest 1,230,909.67 1,236,834.09 Depreciation and Amortization 3,835,805.94 3,445,778.89 Corporate Expenses and Sundry Capital Charges 760,854.51 625,976.94 $77,602,376.~67 $70,280,049/74 net operating profit $ 9,552,995^64 $ 9,893,330.72 additions to or deductions* from income Interest on Investment Securities $ 63,151.79 $ 48,834.63 Interest on Income Tax Assessments and Refunds 23,738.22* 305,945.24* Loss* on Sale or Abandonments of Capital Assets 30,894.86* 1,339.39* Reimbursement by Lessor Under Lease Agreement 62,002.51 53,113.41 Contribution to Pension Trust 400,000.00* 400,000.00* Property Tax Refunds, Less: Fees and Expenses 125,877.84 88,055.40 Realized Profit on Sale of Properties 365,196.02 Sundry—Other 276,205.44* 14,108.31* $ 114,610.36* $ 531,389.50* PROFIT BEFORE INCOME taxes $ 9,438,385.28 $ 9,361,941.22 PROVISION FOR INCOME TAXES Federal Normal and Surtax $ 4,822,558.51 $ 4,770,240.67 Federal Excess Profits Tax 222,055.29 270,745.60 State, City, District and Foreign Taxes 63,362.27 63,236.56 Total $ 5,107,976.07 $ 5,104,222.83 net profit $ 4,330,409.21 $ 4,257,718.39 minority interest 181,473.71 343,491.96 NET PROFIT FOR THE YEAR $ 4,148,935^50 $ 3,914,226T43 INCOME OR LOSS*—SPECIAL ITEMS From Retirement of Debentures (Net of Bond Discount and Expense) $ 3,446.16* $ 26,289.19 From Cancellation of Securities (Net of Bond Discount and Expense) 299.25 Premium on Redemption of Preferred Stock 4,346.25* Assessments and Adjustments of Prior Years' Taxes on Income 74,734.67* Adjustments to Conform with Income Tax Settlement for the Period June 1, 1946 to December 31, 1948: Items Expensed June 1, 1946 to December 31, 1948 which were Capitalized 132,540.54 Reduction in Depreciation June 1, 1946 to December 31, 1951 322,466.35 $ 372,479.81 $ 26,588.44 NET PROFIT AND SPECIAL items $ 4,521,415.31 $ 3,940,814.87 *Denotes Red Figures. Notes to financial statements form an integral part of this statement and should be considered in connection therewith. 14