For the year ending 2025-12-31, H had -$227M decrease in cash & cash equivalents over the period. $159M in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income (loss) | -49 |
| Depreciation and amortization | 325 |
| (gains) losses on sales of real estate and other | -15 |
| Amortization of share awards | 74 |
| Amortization of operating lease right-of-use assets | 34 |
| Deferred income taxes | -60 |
| Asset impairments | 40 |
| Equity (earnings) losses from unconsolidated hospitality ventures | -46 |
| Contra revenue | 86 |
| (gains) losses, net on marketable securities | 19 |
| Contingent consideration liabilities fair value adjustments | -37 |
| Payments for key money assets | 134 |
| Other | 173 |
| Receivables, net | -58 |
| Prepaid income taxes | 82 |
| Prepaids and other assets | 26 |
| Other long-term assets | 11 |
| Accounts payable, accrued expenses, and other current liabilities | -176 |
| Contract liabilities | -108 |
| Deferred revenue related to the loyalty program | 271 |
| Operating lease liabilities | -35 |
| Accrued compensation and benefits | 22 |
| Other long-term liabilities | -28 |
| Net cash provided by operating activities | 379 |
| Purchases of marketable securities and short-term investments | 714 |
| Proceeds from marketable securities and short-term investments | 958 |
| Contributions to equity method and other investments | 82 |
| Return of equity method and other investments | 20 |
| Acquisitions, net of cash acquired | 1,274 |
| Capital expenditures | 220 |
| Issuance of financing receivables | 16 |
| Proceeds from financing receivables | 14 |
| Proceeds from sales of real estate and other, net | 1,666 |
| Other investing activities | -5 |
| Net cash provided by (used in) investing activities | 357 |
| 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 |
| Repayments and repurchases of debt | 3,629 |
| Repurchases of common stock | 293 |
| Dividends paid | 57 |
| Payment of withholding taxes for stock-based compensation | 27 |
| Other financing activities | -28 |
| Net cash used in financing activities | -954 |
| Effect of exchange rate changes on cash | -9 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash, including cash, cash equivalents, and restricted cash classified within assets held for sale | -227 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash classified within assets held for sale | 0 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | -227 |
| Cash and cash equivalents at beginning of period | 1,015 |
| Cash and cash equivalents at end of period | 788 |
Hyatt Hotels Corp (H)
Hyatt Hotels Corp (H)