Selected Quarterly Financial Information (unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure Unaudited [Abstract]

Selected Quarterly Financial Information (unaudited)

Note 25: Selected Quarterly Financial Information (unaudited)

The following table sets forth the historical unaudited quarterly financial data for the periods indicated. The information for each of these periods has been prepared on the same basis as the audited consolidated financial statements and, in our opinion, reflects all adjustments necessary to present fairly our financial results. Operating results for previous periods do not necessarily indicate results that may be achieved in any future period.


	2016
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter			Year
	(in millions, except per share data)
Revenues	$	1,726	$	1,950	$	1,867	$	1,839		$	7,382
Operating income		170		273		265		244			952
Income (loss) from continuing operations, net of taxes		191		100		89		(388	)		(8	)
Income from discontinued operations, net of taxes		119		144		103		6			372
Net income (loss)		310		244		192		(382	)		364
Net income (loss) attributable to Hilton stockholders		309		239		187		(387	)		348
Basic earnings (loss) per share:
Net income (loss) from continuing operations⁽¹⁾	$	0.58	$	0.29	$	0.27	$	(1.20	)	$	(0.05	)
Net income from discontinued operations⁽¹⁾		0.36		0.44		0.30		0.02			1.11

Net income (loss)	$	0.94	$	0.73	$	0.57	$	(1.18	)	$	1.06

Diluted earnings (loss) per share:
Net income (loss) from continuing operations⁽¹⁾	$	0.58	$	0.29	$	0.27	$	(1.20	)	$	(0.05	)
Net income from discontinued operations		0.36		0.43		0.30		0.02			1.11

Net income (loss)⁽¹⁾	$	0.94	$	0.72	$	0.57	$	(1.18	)	$	1.06


	2015
	First Quarter			Second Quarter		Third Quarter		Fourth Quarter		Year
	(in millions, except per share data)
Revenues	$	1,630		$	1,845	$	1,847	$	1,811	$	7,133
Operating income		143			135		391		231		900
Income (loss) from continuing operations, net of taxes		(1	)		40		153		689		881
Income from discontinued operations, net of taxes		151			127		130		127		535
Net income		150			167		283		816		1,416
Net income attributable to Hilton stockholders		150			161		279		814		1,404
Basic earnings per share:
Net income from continuing operations	$	—		$	0.11	$	0.47	$	2.09	$	2.67
Net income from discontinued operations		0.46			0.38		0.38		0.38		1.60

Net income	$	0.46		$	0.49	$	0.85	$	2.47	$	4.27

Diluted earnings per share:
Net income from continuing operations⁽¹⁾	$	—		$	0.11	$	0.47	$	2.09	$	2.66
Net income from discontinued operations		0.46			0.38		0.38		0.38		1.60

Net income⁽¹⁾	$	0.46		$	0.49	$	0.85	$	2.47	$	4.26

⁽¹⁾	The sum of the earnings per share for the four quarters differs from annual earnings per share due to the required method of computing the weighted average shares outstanding in interim periods.