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Hilton Hotels Corporation
Tear Ended
Dec. 31, 1955 Dec. 31, 1954
GROSS OPERATING REVENUE Rooms Department $ 81,566,520.60
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Food and Beverage Department
Other Operated Departments. .
Other Income
Store Rentals
OPERATING COSTS AND EXPENSES
Departmental Costs and Expenses
Administrative and General Expenses
Advertising and Business Promotion
Heat, Light and Power
Maintenance and Repairs
Lease Rentals
Real Estate and Personal Property Taxes
Interest
Depreciation and Amortization ,
Corporate Expenses and Sundry Capital Charges
$ 50,060,666.10
55,754,804.63
10,623,234.40
2,373,049.91
1,797,462.61
$188,281,937.35 $120,609,217.65
84,832,829.60
15,059,220.61
4,362,856.83
2,460,509.71
$ 64,529,240.89
12,420,434.02
2,955,152.55
4,134,903.88
6,833,118.79
8,660,280.22
3,701,375.64
1,685,551.22
4,627,951.84
1,208,860.31
$172,137,130.25 $110,756,869.36
97,545,611.40
18,809,063.02
4,238,618.26
6,685,987.82
10,687,111.20
15,603,606.30
6,047,339.05
3,116,942.32
7,728,291.54
1,674,559.34
NET OPERATING PROFIT
ADDITIONS TO OR DEDUCTIONS*
FROM INCOME
Interest on Investment Securities
Profit from Office Buildings and
Other Real Estate Operations
Reimbursement by Lessor Under Lease Agreement
Contribution to Pension Trust
Property Tax Refunds, Less: Fees and Expenses. . . .
Realized Profit on Sale of Properties
Sundry—Other
$ 16,144,807.10 $ 9,852,348.29
$ 218,431.51 $ 224,848.65
956,193.76
64,943.50
917,150.00*
76,635.12*
1,470,000.95
47,303.11
167,338.48
142,408.39
603,000.00*
451,807.25
1,237,841.85
61,858.00*
$ 1,763,087.71 $ 1,559,386.62
PROFIT BEFORE INCOME TAXES
$ 17,907,894.81 $ 11,411,734.91
PROVISION FOR INCOME TAXES Federal Normal and Surtax $ 8,768,576.20
State, City, District and Foreign Taxes
$ 5,687,310.89
64,689.84
$ 8,907,282.87 $ 5,752,000.73
138,706.67
NET PROFIT
MINORITY INTEREST
NET PROFIT FOR THE YEAR
INCOME—SPECIAL ITEMS
$ 9,000,611.94
56,516.20
$ 5,659,734.18
8,946.80
Assessments and Adjustments of
Prior Years' Taxes on Income. .
Income from Sale of Oil Leases.
$ 8,944,095.74 $ 5,650,787.38
113,684.06 $ 87,285.58
46,980.10 —
160,664.16 $ 87,285.58
NET INCOME AND SPECIAL ITEMS
$ 9,104,759.90 $ 5,738,072.96
*Denotes Red Figures.
Notes to Financial Statements form an integral part of this statement and should be considered in connection therewith.
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