Hyatt Hotels Corp

Listed Company

HCIK 0001468174NYSELarge AcceleratedHotels & MotelsIllinoisFY ends Dec 31

Period

FY 2025

Revenue

$7.10B

Net Income

$-52.00M

Total Assets

$14.04B

Equity

$3.33B

Shares Out

—

Op. Cash Flow

$379.00M

Business

Hyatt Hotels Corp is a global hospitality company that develops, manages, franchises, owns, and operates a portfolio of hotels, resorts, all‑inclusive properties, and residential and vacation units. It offers full‑service and select‑service hotels, all‑inclusive and wellness resorts, vacation ownership, timeshare and short‑term rental listings, distribution and destination management services, and brand licensing. Its operations are organized into Management and Franchising, Owned and Leased, and Distribution segments. Hyatt markets and distributes its offerings worldwide through proprietary digital platforms, global care centers, loyalty programs, third‑party travel intermediaries, and direct channels.

Summary from filing dated 2025-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	7,101	6,648	6,667	5,891	3,028
General and administrative	555	548	578	435	—
Other direct costs	73	94	336	280	127
Transaction and integration costs	173	42	42	35	—
Depreciation and amortization	325	333	397	426	310
Total direct and general and administrative expenses	6,753	6,274	6,378	—	—
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts	50	49	55	−75	43
Equity earnings (losses) from unconsolidated hospitality ventures	−46	31	−1	5	28
Interest expense	−317	−180	−145	−150	—
Gains (losses) on sales of real estate and other	−15	1,245	18	263	414
Asset impairments	−40	−213	−30	−38	−8
Other income (loss), net	101	257	124	−34	−19
Income before income taxes	81	1,563	310	363	44
Provision for income taxes	−130	−267	−90	92	−266
Net income (loss)	−49	1,296	220	455	−222
Net income attributable to noncontrolling interests	−3	0	0	0	0
Net income (loss) attributable to Hyatt Hotels Corporation	−52	1,296	220	455	−222
Net income (loss) attributable to Hyatt Hotels CorporationBasic (in dollars per share)	−0.55	12.99	2.1	4.17	−2.13
Net income (loss) attributable to Hyatt Hotels CorporationDiluted (in dollars per share)	−0.55	12.65	2.05	4.09	−2.13

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	787	1,011	881	991	960
Restricted cash	1	1	34	39	57
Short-term investments	26	372	15	158	227
Receivables, net of allowances of $79 and $62 at December 31, 2025 and December 31, 2024, respectively	1,123	1,121	883	834	633
Inventories	8	8	9	9	10
Prepaids and other assets	169	174	195	180	149
Prepaid income taxes	63	46	51	39	26
Total current assets	2,177	2,733	2,130	2,250	2,062
Equity method investments	186	189	211	178	216
Property and equipment, net	1,577	1,689	2,340	2,384	2,848
Financing receivables, net of allowances of $50 and $36 at December 31, 2025 and December 31, 2024, respectively	442	368	73	60	41
Operating lease right-of-use assets	328	328	369	385	446
Goodwill	3,454	2,541	3,205	3,101	2,965
Intangibles, net	2,229	2,167	1,670	1,668	1,977
Deferred tax assets	518	466	358	257	14
Other assets	3,125	2,843	2,477	2,029	2,034
TOTAL ASSETS	14,036	13,324	12,833	12,312	12,603
Current maturities of long-term debt	6	456	751	660	10
Accounts payable	451	475	493	500	523
Accrued expenses and other current liabilities	592	565	468	415	299
Current contract liabilities	1,584	1,553	1,598	1,438	1,178
Accrued compensation and benefits	226	192	210	235	187
Current operating lease liabilities	35	33	41	39	35
Total current liabilities	2,894	3,274	3,578	3,287	2,232
Long-term debt	4,272	3,326	2,305	2,453	3,968
Long-term contract liabilities	1,012	843	1,759	1,495	1,349
Long-term operating lease liabilities	243	245	273	298	349
Other long-term liabilities	1,956	1,810	1,351	1,077	1,139
Total liabilities	10,377	9,498	9,266	8,610	9,037
Commitments and contingencies (Note 15)	—	—	—	—	—
Preferred stock, $0.01 par value per share, 10,000,000 shares authorized and none outstanding at both December 31, 2025 and December 31, 2024	0	0	0	0	0
Common stock	1	1	1	1	1
Additional paid-in capital	0	0	0	318	640
Retained earnings	3,482	3,815	3,738	3,622	3,167
Accumulated other comprehensive loss	−149	−269	−175	−242	−245
Total stockholders' equity	3,334	3,547	3,564	3,699	3,563
Noncontrolling interests	325	279	3	3	3
Total equity	3,659	3,826	3,567	3,702	3,566
TOTAL LIABILITIES AND EQUITY	14,036	13,324	12,833	12,312	12,603

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of share awards	74	64	75	61	59
Amortization of operating lease right-of-use assets	34	36	42	35	27
Deferred income taxes	−60	−123	−125	−259	200
Asset impairments	40	213	30	38	8
Contra revenue	86	69	47	31	35
(Gains) losses, net on marketable securities	−19	−54	−34	55	−14
Contingent consideration liabilities fair value adjustments	−37	−39	9	0	0
Payments for key money assets	−134	−153	−132	−165	—
Other	173	79	85	98	−38
Receivables, net (1)	58	−15	0	−209	−85
Prepaid income taxes	−82	65	−24	2	255
Prepaids and other assets	−26	−116	−66	−114	−54
Other long-term assets	−11	−6	−92	−110	−10
Accounts payable, accrued expenses, and other current liabilities	−176	56	−29	96	87
Contract liabilities	−108	48	290	378	213
Deferred revenue related to the loyalty program	271	203	202	113	—
Operating lease liabilities	−35	−35	−43	−35	−25
Accrued compensation and benefits	22	−6	−22	46	33
Other long-term liabilities	−28	−6	−13	0	−25
Net cash provided by operating activities	379	633	800	674	315
Purchases of marketable securities and short-term investments	−714	−1,775	−483	−952	−793
Proceeds from marketable securities and short-term investments	958	1,338	576	1,060	1,240
Contributions to equity method and other investments	−82	−88	−43	−8	−29
Return of equity method and other investments	20	62	7	54	98
Acquisitions, net of cash acquired	−1,274	−609	−175	−174	−2,916
Capital expenditures	−220	−170	−198	−201	−111
Issuance of financing receivables	−16	−136	−43	−25	−21
Proceeds from financing receivables	14	51	1	17	7
Proceeds from sales of real estate and other, net (1)	1,666	1,421	−10	—	—
Other investing activities	5	−13	3	20	−5
Net cash provided by (used in) investing activities	357	81	−365	416	−1,772
Proceeds from debt, net of issuance costs of $19, $14, and $4 for the years ended December 31, 2025, December 31, 2024, and December 31, 2023, respectively	3,080	1,424	596	0	1,949
Repayments and repurchases of debt	−3,629	−750	−660	−711	−1,218
Repurchases of common stock	−293	−1,190	−453	−369	0
Dividends paid	−57	−60	−47	0	0
Payment of withholding taxes for stock-based compensation	−27	−43	−16	−15	—
Other financing activities	−28	1	2	−11	−18
Net cash used in financing activities	−954	−618	−578	−1,106	1,288
Effect of exchange rate changes on cash	−9	−3	−2	18	−3
Net increase (decrease) in cash, cash equivalents, and restricted cash, including cash, cash equivalents, and restricted cash classified within assets held for sale	−227	93	−145	2	−172
Net increase (decrease) in cash, cash equivalents, and restricted cash classified within assets held for sale	0	3	−3	0	0
Net increase (decrease) in cash, cash equivalents, and restricted cash	−227	96	−148	2	−172
Cash paid during the period for interest	277	167	115	138	145
Federal	82	—	—	—	—
State	6	—	—	—	—
Cash paid during the period for income taxes, net	214	160	153	101	−210
Cash paid for amounts included in the measurement of operating lease liabilities	45	45	54	47	41
Change in accrued capital expenditures	1	−4	9	1	2
Contributions to equity method and other investments (Note 4, Note 7, Note 15)	0	35	4	—	—
Issuance of financing receivables (Note 4, Note 7)	0	185	0	0	11
Debt securities received in dispositions (Note 4, Note 7)	104	188	0	—	—
Right-of-use assets obtained in exchange for operating lease liabilities	10	19	16	25	16
Contingent consideration liabilities assumed in acquisitions (Note 7)	0	141	107	0	0
Contingent consideration receivables recorded in dispositions (Note 3, Note 4, Note 7)	14	5	28	—	—
Deferred consideration liability assumed in acquisition (Note 7)	0	58	0	0	—
Extinguishment of convertible debt security (Note 4)	30	0	0	—	—
Redemption of HTM debt security in exchange for equity method investment (Note 4)	0	0	32	0	0
Redemption of financing receivables	0	0	20	0	0
Variable rate mortgage loan assumed by buyer in disposition (Note 7, Note 11)	60	0	0	—	—
Customer relationships intangible acquired (Note 7)	13	0	0	—	—
Purchase consideration for the Playa Hotels Acquisition (Note 7)	11	0	0	—	—

Filings

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