2 unchanged sentences
Our common stock is listed for trading on the NYSE under the symbol "HLT." As of December 31, 2020, there were approximately 14 holders of record of our common stock, which does not include a substantially greater number of beneficial holders whose shares are held of record by banks, brokers and other financial institutions.
−Removed: We currently pay regular quarterly cash dividends and expect to continue paying regular cash dividends on a quarterly basis.
+Added: We have historically paid regular quarterly cash dividends.
+Added: However, in March 2020, we suspended the declaration and payment of dividends as part of certain proactive measures we took to secure our liquidity position in response to the COVID-19 pandemic.
Any decision to declare and pay dividends in the future will be made at the sole discretion of our board of directors and will depend on, among other things, our results of operations, cash requirements, financial condition, contractual restrictions and other factors that our board of directors may deem relevant.
10 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: The following table sets forth information regarding our purchases of shares of our common stock during the three months ended December 31, 2019:
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid per Share (1)
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Program (2)
−Removed: Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (2)
−Removed: (in millions)
−Removed: October 1, 2019 to October 31, 2019 1,547,663 $ 93.57 1,547,663 $ 814
−Removed: November 1, 2019 to November 30, 2019 1,157,621 99.76 1,157,621 698
−Removed: December 1, 2019 to December 31, 2019 1,684,131 108.72 1,684,131 515
−Removed: Total 4,389,415 101.01 4,389,415
−Removed: (1) This price includes per share commissions paid.
−Removed: (2) Our stock repurchase program, which was initially announced in February 2017 and subsequently increased in November 2017 and February 2019, allows for the repurchase of up to a total of $3.5 billion of our common stock.
−Removed: Under this publicly announced program, we are authorized to repurchase shares through open market purchases, privately-negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act.
+Added: Our stock repurchase program was initially publicly announced in February 2017 and subsequently increased in November 2017, February 2019 and March 2020.
+Added: As of December 31, 2020, approximately $2.2 billion remained available for share repurchases under the program.
+Added: Under the program, we are authorized to repurchase shares through open market purchases, privately-negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act.
The repurchase program does not have an expiration date and may be suspended or discontinued at any time.
+Added: We formally suspended share repurchases given the current economic environment and our efforts to preserve cash, and no share repurchases have been made since March 5, 2020.
+Added: The stock repurchase program remains authorized by the board of directors, and we may resume share repurchases in the future at any time, depending on market conditions, our capital needs and other factors.
Selected Financial Data
9 unchanged sentences
Total revenues $ 4,307 $ 9,452 $ 8,906 $ 8,131 $ 6,576
−Removed: Operating income
+Added: Operating income (loss)
(418) 1,657 1,432 1,132 868
9 unchanged sentences
10,487 7,993 7,282 6,602 6,616
−Removed: (1) We adopted the requirements of Accounting Standards Update ("ASU") ASU No.
−Removed: 2016-02, Leases (Topic 840) ("ASU 2016-02") on January 1, 2019 by applying the requirements on the adoption date and recording a cumulative adjustment to the opening balance of retained earnings.
−Removed: (2) Selected statement of operations data and selected balance sheet data have not been adjusted from the basis of accounting applied before our adoption of ASU No.
−Removed: 2014-09, Revenue from Contracts with Customers (Topic 606) as of January 1, 2016.
−Removed: (3) Includes the assets of Hilton, Park and HGV as of December 31, 2016 and 2015.
+Added: (1) Includes the assets of Hilton, Park and HGV as of December 31, 2016.
(2) Includes current maturities and is net of unamortized deferred financing costs and discount.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.