Hyatt Hotels Corporation

NYSE-H

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Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	-86	1,296	220	455	-222	-703	766	769	390	206	124
Net Income
Gain on Sale of Discontinued Operations
Loss from Discontinued Operations
Income from Discontinued Operations
Income from Continuing Operations
Depreciation & Amortization	354	369	439	461	337	341	364	327	366	342	320
Depreciation and Amortization
Amortization of Operating Lease Right-of-Use Assets
Amortization of Management and Franchise Agreement Assets Constituting Payments to Customers
Share-Based Compensation Expense	70	64	75	61	59	28	35	28	32	26	26
Amortization of Share Awards
Other Adjustments	32	-1,284	-137	-470	-247	147	-756	-704	-326	-76	43
Foreign Currency Gains
Gains on Sales of Real Estate and Other
Gains on Sales of Real Estate and Other
Deferred Income Taxes
Equity Earnings from Unconsolidated Hospitality Ventures, Net of Distributions Received
Income from Cost Method Investments
Loss on Sales of Real Estate
Asset Impairments
Provisions on Hotel Loans
Recoveries on Hotel Loans
Equity Earnings from Unconsolidated Hospitality Ventures
Losses on Sales of Real Estate
Contra Revenue
Gain on Sale of Contractual Right
Income on Extinguishment of Debt
Gains, Net on Marketable Securities
Distributions from Unconsolidated Hospitality Ventures
Losses, Net on Marketable Securities
Net Unrealized Losses from Other Marketable Securities
Contingent Consideration Liabilities Fair Value Adjustments
Payments for Key Money Assets
Other
Less Cash and Cash Equivalents Discontinued Operations
Deferred Revenue Related to the Loyalty Program
Changes in Trade Receivables	—	-15	—	-209	-85	120	-26	14	-37	-14	29
Change in Receivables, Net
Changes in Inventories	—	—	—	—	—	—	—	—	12	2	1
Inventories
Changes in Accounts Payable	—	56	-29	96	87	-256	-33	-130	102	7	-7
Change in Accounts Payable
Change in Accounts Payable, Accrued Expenses and Other Current Liabilities
Change in Accounts Payable, Accrued Expenses, and Other Current Liabilities
Changes in Accrued Expenses	—	-6	-22	46	33	-47	-1	6	22	7	5
Change in Accrued Compensation and Benefits
Change in Accrued Expenses and Other Current Liabilities
Changes in Income Taxes Payable	—	65	-24	2	255	-241	10	-5	14	21	-16
Prepaid Income Taxes
Changes in Unearned Revenue	6	251	492	491	213	73	133	94	—	—	—
Contract Liabilities
Deferred Revenue Related to the Loyalty Program
Deferred Revenue Related to the Loyalty Program
Changes in Other Operating Activities	-326	-107	-243	-163	-28	-329	-129	-188	114	-52	6
Restricted Cash
Change in Accounts Payable, Accrued Expenses and Other Current Liabilities
Prepaids and Other Assets
Change in Other Long-Term Assets
Change in Accounts Payable, Accrued Expenses, and Other Current Liabilities
Change in Operating Lease Liabilities
Other Long-Term Liabilities
Other, Net
Change in Other Long-Term Liabilities
Other, Net
Working Capital Changes and Other
Net Cash Provided by Operating Activities of Discontinued Operations
Cash from Operating Activities	301	633	800	674	315	-611	396	341	587	462	538
Net Cash Provided by Operating Activities
Net Cash Provided by Operating Activities of Continuing Operations

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-194	-170	-198	-201	-111	-122	-369	-297	-298	-211	-269
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	—	1,421	-10	625	758	85	940	1,382	663	289	88
Proceeds from Sales of Real Estate
Proceeds from Sales of Real Estate and Other, Net of Cash Disposed
Proceeds from Sales of Real Estate, Net of Cash Disposed
Proceeds from Sales of Real Estate and Assets Held for Sale
Proceeds from Sale of Assets Held for Sale
Purchases of Intangible Assets	—	—	—	—	—	—	—	—	—	—	—
Contract Acquisition Costs
Proceeds from Sale of Intangible Assets	—	—	—	—	—	—	21	—	—	—	—
Proceeds from Sale of Contractual Right
Purchases of Investments	-1,031	-1,863	-526	-960	-822	-1,208	-398	-725	-558	-571	-567
Contributions to Investments and Purchases of Marketable Securities
Purchases of Marketable Securities and Short-Term Investments
Contributions to Investments
Contributions to Equity Method and Other Investments
Proceeds from Sale of Investments	906	1,400	583	1,114	1,338	547	377	675	905	589	540
Distributions from Investments
Proceeds from Sale of Investments and Marketable Securities
Proceeds from Marketable Securities and Short-Term Investments
Proceeds from Sale of Investments
Return of Investment
Return of Investments
Return of Equity Method and Other Investments
Payments for Business Acquisitions	—	-609	-175	-174	-2,916	—	-18	-678	-259	-492	-3
Acquisitions, Net of Cash Acquired
Proceeds from Business Divestments	—	—	—	—	—	—	—	—	—	—	—
Proceeds from the Sale of Discontinued Operations
Other Investing Activities	8	-98	-39	12	-19	-38	32	17	4	24	164
Proceeds from Notes Receivable
Change in Restricted Cash - Investing
Real Estate Sale Proceeds Transferred to Escrow as Restricted Cash
Real Estate Sale Proceeds Transferred from Escrow to Cash and Cash Equivalents
Increase in Restricted Cash-Investing
Issuance of Notes Receivable
Pre-Condemnation Proceeds
Issuance of Financing Receivables
Proceeds from Financing Receivables
Sales Proceeds Transferred to Escrow as Restricted Cash
Sales Proceeds Transferred from Escrow to Cash and Cash Equivalents
Change in Restricted Cash-Investing
Change in Restricted Cash
Other Investing Activities
Sale Proceeds Transferred to Escrow as Restricted Cash
Sale Proceeds Transferred from Escrow to Cash and Cash Equivalents
Net Cash Provided by Investing Activities of Discontinued Operations
Net Cash Provided by Discontinued Operations
Cash from Investing Activities	-2,089	81	-365	416	-1,772	-736	585	374	457	-372	-47
Net Cash Provided by Investing Activities
Net Cash Provided by Investing Activities of Continuing Operations

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Proceeds from Revolver
Repayments of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Payments on Revolver
Net Issuance / (Repayments) of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Issuance of Long-Term Debt	—	1,424	596	—	1,949	2,035	400	416	670	620	12
Proceeds from Issuance of Long-Term Debt
Proceeds from Issuance of Long-Term Debt, Net of Issuance Costs
Proceeds from Long-Term Debt, Net of Issuance Costs
Proceeds from Debt, Net of Offering Expenses
Proceeds from Debt, Net of Issuance Costs
Repayments of Long-Term Debt	-1,551	-750	-660	-711	-1,218	-406	-409	-231	-782	-438	-5
Repurchase of Senior Subordinated Notes
Repayments of Long-Term Debt
Other Debt Payments
Repayments of Debt
Repayment of Capital Lease Obligation
Repurchases and Repayments of Debt
Repayments and Repurchases of Debt
Net Issuance / (Repayments) of Long-Term Debt	-1,551	674	-64	-711	731	1,629	-9	185	-112	182	7
Issuance of Common Shares	—	—	—	—	575	—	—	—	—	—	—
Issuance of Common Stock, Net of Related Costs
Issuance of Class a Common Stock in IPO, Net of Underwriter Fees and Other Issuance Costs
Proceeds from Issuance of Class a Common Stock, Net of Offering Costs
Repurchases of Common Shares	-264.5	-1,190	-453	-369	—	-69	-421	-946	-743	-272	-715
Purchase of Treasury Stock
Repurchase of Common Stock
Repurchases of Common Stock
Net Issuance / (Repurchases) of Common Shares	-264.5	-1,190	-453	-369	575	-69	-421	-946	-743	-272	-715
Issuance of Preferred Shares	—	—	—	—	—	—	—	—	9	—	—
Issuance of Convertible Preferred Stock
Proceeds from Redeemable Noncontrolling Interest in Preferred Shares in a Subsidiary
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—	—	—	9	—	—
Common Share Dividends Paid	-57	-60	-47	—	—	-115	-80	-68	—	—	—
Dividends Paid
Other Financing Activities	-37.5	-42	-14	-26	-18	-35	-31	-21	-12	-6	-7
Distributions to Noncontrolling Interests
Purchase of Noncontrolling Interests
Costs Related to Issuance of Debt, Stock and Amendment of Revolver
Contingent Consideration Paid
Utilization of Restricted Cash for Legal Defeasance of Series 2005 Bonds
Payment of Withholding Taxes for Stock-Based Compensation
Other Financing Activities
Cash from Financing Activities	1,433	-618	-578	-1,106	1,288	1,525	-541	-850	-858	-96	-715
Net Cash Provided by Financing Activities of Continuing Operations
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	107	463	602	473	204	-733	27	44	289	251	269
NOPAT	3,543.2	-777.8	-504.6	-569.1	1,306.8	-467.2	136.3	248.2	140.4	195.8	203.3
Levered Free Cash Flow	-1,799	2,428	571	476	1,295	345	732	761	609	504	171
Unlevered Free Cash Flow	3,383.2	-319.8	-89.6	162.9	2,092.8	-1,048.2	111.3	55.2	472.4	311.8	243.3
Net Change in Cash	-355	96	-143	-16	-169	178	440	-135	186	-6	-224