secwatch.observer — SEC 8-K summary
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Issuer:     Hyatt Hotels Corp (H)
CIK:        0001468174
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001193125-24-036816
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyatt delays Q4/FY2023 earnings on ALG accounting; posts record cash flow, RevPAR up 9.1% in Q4
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- Earnings release delayed from Feb 15 due to finalizing deferred cost accounting in Apple Leisure Group; no cash impact.
- Comparable system-wide RevPAR rose 9.1% in Q4 and 17.0% for FY2023, exceeding full-year outlook.
- Free cash flow hit $602M for FY2023, a company record; cash from operations was $800M.
- Board declared $0.15/share Q1 dividend, payable March 12 to holders of record Feb 28.
- FY2023 share repurchases totaled ~4.1M Class A shares for $453M; capital returns of $500M in line with outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468174/000119312524036816/0001193125-24-036816-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468174/000119312524036816/d764214d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-036816

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