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Hilton Hotels, 1952 Annual Report
Image 21
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Hilton Hotels Corporation. Hilton Hotels, 1952 Annual Report - Image 21. 1952. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 20, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/736/show/728.

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 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/736/show/728

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 21, 1952, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 20, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/736/show/728.

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 21
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_005_021.jpg
Transcript E L S CORPORATION AND SUBSIDIARIES SUMMARY OF CONSOLIDATED EARNINGS For the Six Years Ended December 31, 1952 7952 7957 7950 1949 1948 1947 19,624,629 $19,672,728 $18,564,498 21,079,609 22,023,068 22,379,960 5,424,123 5,154,361 4,979,440 681,677 782,324 796,945 953,719 1,025,976 1,057,184 41,637 67,512 64,695 $47,805,394 $48,725,969 $47,842,722 3,646,620 3,724,578 3,417,913 Gross Revenue: Rooms Department $34,331,105 $31,350,484 $28,248,855 Food and Beverage Department 40,950,719 38,215,048 33,822,503 Other Operated Departments. 8,983,416 7,869,696 7,088,476 Other Income 1,555,618 1,422,105 1,311,652 Store Rentals 1,334,514 1,316,047 1,270,166 Interest on Securities 63,152 48,835 54,109 Total Gross Revenue $87,218,524 $80,222,215 $71,795,761 Expenses: Operated Departments $47,683,216 $44,052,000 $39,017,530 $26,444,235 $27,085,245 $26,786,617 Administrative and General. . 8,275,935 7,276,940 6,236,809 Advertising and Business Promotion 1,802,294 1,578,280 1,289,375 Heat, Light and Power 2,671,729 2,454,960 2,157,643 Maintenance and Repairs 5,063,585 4,328,086 3,456,026 Lease Rentals 3,351,809 2,706,456 2,388,943 Real Estate and Personal Property Taxes 2,926,238 2,574,738 2,328,134 Depreciation and Amortization 3,835,806 3,445,779 3,082,458 Interest 1,230,910 1,236,834 1,147,080 Other Operating Costs 276,205 14,108 — — — — Provision for Income Taxes. . . 5,153,529 5,398,265 4,634,733 2,849,806 2,753,745 3,062,414 Other Capital Charges 760,855 625,977 658,751 232,864 267,748 301,023 Total Expenses $83,032,111 $75,692,423 $66,397,482 $43,394,306 $44,475,845 $42,957,093 Net Profit Before Other Additions or Deductions $4,186,413 $4,529,792 $5,398,279 $4,411,088 $4,250,124 $4,885,629 934,372 750,881 763,302 1,530,851 1,711,635 1,491,277 2,470,581 3,096,300 2,290,151 182,599 179,866 179,866 1,717,022 1,401,121 1,511,503 2,539,522 2,653,882 2,297,290 845,834 850,844 855,737 Other Additions or [Deductions] From Income Gain or Loss on Sale or Abandonments of Capital Assets. $ 334,301 $ [1,339] $ [796] $ [273,415] $ [127,498] $1,294,999 Contribution to Pension Trust [400,000] [400,000] — — — — Sundry Others Net 156,350 [138,188] 117,108 20,944 16,811 [65,857] Provision for Applicable Taxes 45,553 294,042 [53,704] 95,939 41,761 [279,634] Adjustments for Prior Years. . 380,272 — — — — — Total Other Additions or [Deductions] $ 516,476 $ [245,485] $ 62,608 $ [156,532] $ [68,926] $ 949,508 Total Net Profit $ 4,702,889 $ 4,284,307 $ 5,460,887 $ 4,254,556 $ 4,181,198 $ 5,835,137 Deduct Minority Interest 181,474 343,492 605,554 122,883 125,996 135,403 Net Profit $ 4,521,415 $ 3,940,815 $ 4,855,333 $4,131,673 $4,055,202 $5,699,734 19