| Transcript |
Hilton Hotels Corporation - Consolidating Companies and Their Predecessors
SUMMARY OF COMBINED EARNINGS
For the Five Years Ended December 31,1947
1943
1944*
1945*
1946f
INCOME
Gross Revenue
Operated Departments $18,927,862 $29,772,052 $31,600,439 $37,671,250
Other Income 349,506 777,443 630,303 710,171
Store Rentals 788,033 1,080,037 1,028,304 1,087,128
Dividends and Interest on Securities 14,717
1947
$40,531,203
821,079
1,045,423
136,533
TOTAL $20,065,401 $31,629,532 $33,259,046 $39,483,266 $42,534,238
EXPENSES
Operated Departments
General and Administrative.
Advertising and Promotion.
Heat, Light, and Power....
Repairs and Maintenance...
Depreciation and Amortization 1,326,862
Interest
Lease Rental
Real Estate and Personal Property Taxes
Provision for Federal Taxes on Income
Other Capital Expenses
$10,847,183
$17,047,257
$18,385,427
$22,119,269
$23,210,409
1,542,097
2,592,245
2,709,828
2,897,862
3,194,083
314,633
484,422
540,451
574,838
667,799
793,949
1,074,106
1,071,303
1,223,091
1,340,804
989,684
1,575,069
2,017,181
2,354,400
2,081,633
1,326,862
1,645,081
1,744,597
1,779,411
1,974,050
795,286
1,003,909
1,211,720
989,906
812,971
123,956
301,771
234,474
179,866
179,866
968,142
1,221,850
1,272,286
1,314,440
1,406,141
1,248,037
1,601,868
722,317
2,234,090
2,820,366
107,500
156,363
124,908
276,171
286,584
TOTAL $19,057,329 $28,703,941 $30,034,492 $35,943,344 $37,974,706
NET PROFIT—Before Non-recurring Items $ 1,008,072 $ 2,925,591 $ 3,224,554 $ 3,539,922 $ 4,559,532
NON-RECURRING INCOME AND EXPENSE
Profit from Sale of Capital Assets
Refinancing Expenses and Note Discount
Miscellaneous and Sale of Securities
Less Provision for Applicable Taxes
19,022 $ 1,294,999
263.729J
3,879{ 197,872
4,518J 279,634$
TOTAL.
10,625 $ 949,508
NET PROFIT FOR THE PERIOD $ 1,008,072 $ 2,925,591 $ 3,224,554 $ 3,550,547 $ 5,509,040
Note
Note
Hilton Hotels Corporation was created by consolidation May 31,1946. Operations for the year 1946 include seven months operation
by the corporation and five months operation by the consolidating companies and their predecessors.
The combined results shown above for the years 1944 and 1945 reflect (1) profits from the operation of the Roslyn Hotel for those
two years, and the U. S. Grant Hotel in San Diego, California, for the period September 1, 1944, to January 1, 1945, both of which
have since been disposed of; and (2) the application of a loss carry-over credit from the sale of the Stevens Hotel to the United
States government in 1943, whereby the Stevens Hotel Corporation made no provision for federal income taxes or excess profits
taxes on income earned by it from the properties it operated for the years 1944 and 1945.
NoteJ Denotes Red Figure
The sole purpose of this report is to give stockholders information about tht
corporation. This report is not a representation, prospectus or circular in respe<
to any stock of this corporation and is not transmitted in connection with any sale
or offer to sell or to buy any stock or security to be issued now or hereafter, nor in
connection with any preliminary negotiation for such sale.
The historic Plaza Hotel Is a
New York landmark familiar to
travelers from all over the world.
|
