Park Hotels & Resorts Inc. (PK)
Park Hotels & Resorts Inc. operates as the second-largest publicly traded real estate investment trust (REIT) focused on the lodging sector. It manages a diversified collection of 60 premium-branded hotels and resorts, which are market leaders and possess considerable underlying real estate value. These properties include over 33,000 guest rooms, predominantly situated in prime urban centers and popular resort destinations.
Sector: Hotels & Motels
Industry: REIT - Hotel & Motel
Park Hotels & Resorts Inc.
NYSE:PKReal Estate · REIT - Hotel & Motel
-1.86%$16.35
AH Close$16.35+0.00%vs close
AH Close$16.35+0.00%vs close
Mkt Cap$3.29B
Float196.51M
O/S201.34M
Inst Own-
SI16.6%
Div Yield6.12%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.54B
Net Income-$283M
Total Assets$7.7B
Free Cash Flow$102M
Debt & Equity
Debt 58%
Equity 42%
Total Debt$4.26B
Total Equity$3.13B
Shares Outstanding
Short Interest
Split History1 split
- 1.1:1Forward splitJan 17, 20171 share → 1.1
Balance Sheet Details
Assets$7.7B
Liabilities$4.62B
Accounts Receivable$116M
Accounts Payable$198M
Inventory$0
PP&E (Net)$7.13B
Goodwill$0
Intangible Assets$41M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $2.54B | $2.6B | $2.7B | $2.5B | $1.36B | $852M | $2.84B | $2.74B | $2.79B | $2.73B | $2.69B | $2.51B | $2.33B |
| YoY Growth | -2.2% | -3.7% | 7.9% | 83.6% | 59.9% | -70.0% | 3.9% | -1.9% | 2.3% | 1.5% | 7.0% | 7.7% | - |
| Cost of Revenue | $2.49B | $1.85B | $1.95B | $1.81B | $1.14B | $1.01B | $1.98B | $1.92B | $1.98B | $1.91B | $1.86B | $1.76B | $1.65B |
| Gross Profit | $50M | $745M | $746M | $693M | $227M | -$161M | $863M | $822M | $815M | $818M | $826M | $755M | $679M |
| Gross Margin | 2.0% | 28.7% | 27.7% | 27.7% | 16.7% | -18.9% | 30.3% | 30.0% | 29.2% | 30.0% | 30.7% | 30.0% | 29.1% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $72M | $69M | $65M | $63M | $62M | $60M | $62M | $118M | $123M | $127M | $113M | $116M | $146M |
| Other | -$248M | $285M | $338M | $334M | $344M | $981M | $375M | $102M | $351M | -$25M | -$6M | $25M | $246M |
| Total Operating Expenses | -$176M | $354M | $403M | $397M | $406M | $1.04B | $437M | $415M | $419M | $385M | $383M | $315M | $349M |
| Operating Income (EBIT) | $226M | $391M | $343M | $296M | -$179M | -$1.2B | $426M | $504M | $371M | $419M | $586M | $440M | $330M |
| Operating Margin | 8.9% | 15.0% | 12.7% | 11.8% | -13.1% | -141.1% | 15.0% | 18.4% | 13.3% | 15.4% | 21.8% | 17.5% | 14.1% |
| Interest Expense | $267M | $274M | $252M | $247M | $258M | $213M | $140M | $127M | $124M | $181M | $186M | $174M | $162M |
| Interest Income | $10M | $21M | $38M | $13M | $1M | $2M | $6M | $6M | $2M | $2M | $1M | $1M | $2M |
| Other Income (Expense) | -$496M | -$226M | -$199M | -$123M | -$271M | -$248M | -$75M | -$4M | -$86M | -$198M | -$169M | -$142M | -$79M |
| Income Before Tax (EBT) | -$270M | $165M | $144M | $173M | -$450M | -$1.45B | $351M | $500M | $285M | $221M | $417M | $298M | $251M |
| Income Tax Expense | $7M | -$61M | $38M | $0 | $2M | -$6M | $35M | $23M | -$2.35B | $82M | $118M | $117M | $104M |
| Net Income | -$283M | $212M | $97M | $162M | -$459M | -$1.44B | $306M | $472M | $2.63B | $133M | $292M | $176M | $144M |
| Net Income Margin | -11.1% | 8.2% | 3.6% | 6.5% | -33.7% | -169.0% | 10.8% | 17.2% | 94.1% | 4.9% | 10.9% | 7.0% | 6.2% |
| Supplementary Data | |||||||||||||
| EPS | -1.42 | 1.02 | 0.44 | 0.71 | -1.94 | -6.12 | 1.44 | 2.33 | 12.38 | 0.67 | 1.47 | 0.89 | 0.73 |
| Diluted EPS | -1.42 | 1.01 | 0.44 | 0.71 | -1.94 | -6.12 | 1.44 | 2.31 | 12.21 | 0.67 | 1.47 | 0.89 | 0.73 |
| Weighted Average OS | 199.00M | 207.00M | 214.00M | 228.00M | 236.00M | 236.00M | 212.00M | 203.00M | 211.00M | 197.61M | 198.00M | 198.00M | 198.00M |
| EBITDA | $333M | $696M | $683M | $689M | $89M | -$939M | $755M | $904M | $697M | $702M | $778M | $704M | $589M |
| EBITDA Margin | 13.1% | 26.8% | 25.3% | 27.5% | 6.5% | -110.2% | 26.5% | 33.0% | 25.0% | 25.7% | 28.9% | 28.0% | 25.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $232M | $402M | $717M | $906M | $688M | $951M | $346M | $410M | $364M | $293M | $72M | $42M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $232M | $402M | $717M | $906M | $688M | $951M | $346M | $410M | $364M | $293M | $72M | $42M |
| Accounts Receivable | $116M | $951M | $872M | $129M | $96M | $26M | $180M | $153M | $125M | $130M | $122M | $99M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $46M | $38M | $33M | $33M | $75M | $30M | $111M | $97M | $100M | $71M | $125M | $1.67B |
| Total Current Assets | $454M | $1.46B | $1.68B | $1.13B | $894M | $1.05B | $720M | $660M | $589M | $538M | $319M | $1.81B |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $7.13B | $7.59B | $7.66B | $8.52B | $8.72B | $9.42B | $9.84B | $7.97B | $8.31B | $8.54B | $8.68B | $6.91B |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $607M | $607M | $606M | $604M | $617M | $805M |
| Intangible Assets | $41M | $41M | $42M | $43M | $44M | $45M | $46M | $27M | $41M | $44M | $52M | $52M |
| Long-Term Investments | $6.96B | $0 | $0 | $1M | $15M | $14M | $35M | $50M | $84M | $81M | $104M | $126M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $42M | $65M | $2.44B | $0 | $0 |
| Other Long-Term Assets | -$6.88B | $71M | $40M | $46M | $69M | $60M | $40M | $2M | $18M | -$2.41B | $19M | $14M |
| Total Long-Term Assets | $7.25B | $7.7B | $7.74B | $8.61B | $8.85B | $9.54B | $10.57B | $8.7B | $9.13B | $9.3B | $9.47B | $7.91B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $7.7B | $9.16B | $9.42B | $9.73B | $9.74B | $10.59B | $11.29B | $9.36B | $9.71B | $9.83B | $9.79B | $9.71B |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $198M | $226M | $210M | $220M | $156M | $147M | $217M | $183M | $198M | $167M | $171M | $146M |
| Short-Term Debt | $1.6B | $0 | $0 | $0 | $78M | $601M | $670M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.95B | -$1M | -$56M | -$45M | $0 |
| Other Current Liabilities | -$388M | $0 | $0 | $0 | -$78M | $0 | -$670M | -$47M | $81M | -$301M | $162M | $36M |
| Total Current Liabilities | $1.6B | $597M | $738M | $417M | $267M | $836M | $376M | $455M | $494M | $468M | $333M | $284M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $2.44B | $4.57B | $4.49B | $4.62B | $4.67B | $4.52B | $3.87B | $2.95B | $2.94B | $3B | $4.04B | $4.23B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.78B | $3.75B | $6.01B | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1M | $0 | $0 | $0 | $9M | $10M | $50M | $42M | $65M | $2.44B | $2.5B | $2.52B |
| Other Long-Term Liabilities | $366M | $179M | $200M | $172M | $165M | $134M | $282M | $379M | $447M | $395M | $215M | $176M |
| Total Long-Term Liabilities | $3.02B | $4.97B | $4.91B | $5.02B | $5.07B | $4.91B | $4.46B | $3.32B | $3.26B | $5.54B | $6.66B | $6.84B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.62B | $5.57B | $5.65B | $5.44B | $5.34B | $5.74B | $4.84B | $3.78B | $3.75B | $6.01B | $6.99B | $7.12B |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3.94B | $2.88B | $2.67B |
| Retained Earnings | -$902M | -$420M | -$344M | $16M | -$83M | $376M | $1.92B | $2.05B | $2.23B | $3.87B | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | -$4M | -$3M | -$6M | -$45M | -$67M | -$63M | -$51M |
| Other Stockholders' Equity | $4.03B | $4.06B | $4.16B | $4.32B | $4.53B | $4.51B | $4.57B | $3.58B | $3.78B | -$3.94B | -$63M | -$51M |
| Total Equity | $3.13B | $3.65B | $3.81B | $4.34B | $4.45B | $4.89B | $6.5B | $5.63B | $6.01B | $3.87B | $2.82B | $2.62B |
| Minority Interest | -$55M | -$51M | -$46M | -$48M | -$49M | -$50M | -$45M | -$46M | -$49M | -$49M | -$24M | -$24M |
| Total Liabilities and Equity | $7.75B | $9.21B | $9.46B | $9.78B | $9.79B | $10.64B | $11.34B | $9.41B | $9.76B | $9.88B | $9.81B | $9.74B |
| Supplementary Data | ||||||||||||
| Total Debt | $4.26B | $4.79B | $4.71B | $4.85B | $4.98B | $5.37B | $4.8B | $2.95B | $2.96B | $3.01B | $4.06B | $4.25B |
| Net Debt | $4.03B | $4.39B | $4B | $3.94B | $4.29B | $4.41B | $4.46B | $2.54B | $2.6B | $2.72B | $3.98B | $4.2B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | -$14M | $212M | $106M | $173M | -$452M | -$1.44B | $316M | $477M | $2.63B | $139M | $299M | $181M | $147M |
| Depreciation & Amortization | $336M | $257M | $287M | $269M | $281M | $298M | $264M | $277M | $288M | $300M | $287M | $248M | $246M |
| Deferred Income Tax | $4M | -$62M | $14M | -$2M | -$1M | -$30M | $5M | -$20M | -$2.38B | -$66M | -$7M | $85M | $14M |
| Stock-Based Compensation | $19M | $19M | $18M | $17M | $19M | $20M | $16M | $16M | $14M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $14M | -$19M | $9M | -$33M | -$70M | $152M | -$3M | -$27M | $4M | -$9M | -$25M | -$9M | $5M |
| Inventory | $0 | $0 | $0 | $0 | $51M | -$70M | $3M | -$58M | $50M | -$30M | $71M | -$25M | -$11M |
| Accounts Payable | $37M | $76M | $82M | $44M | -$51M | -$51M | -$28M | -$21M | $20M | -$1M | -$16M | $35M | $28M |
| Other Working Capital | $8M | -$1M | $13M | $36M | $46M | $2M | -$5M | -$8M | $21M | $3M | $31M | $11M | $71M |
| Total Working Capital Change | $59M | $56M | $104M | $47M | -$24M | $33M | -$33M | -$114M | $95M | -$37M | $61M | $12M | $93M |
| Other Non-Cash Items | -$6M | -$53M | -$26M | -$95M | $40M | $685M | -$69M | -$192M | $3M | $63M | $17M | -$12M | -$3M |
| Net Cash from Operating | $398M | $429M | $503M | $409M | -$137M | -$438M | $499M | $444M | $653M | $399M | $519M | $516M | $440M |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$296M | -$227M | -$285M | -$168M | -$54M | -$86M | -$240M | -$188M | -$185M | -$227M | -$226M | -$171M | -$184M |
| Acquisitions | $75M | $31M | -$11M | $101M | -$6M | -$3M | -$863M | $150M | -$1M | $0 | -$1.41B | -$5M | -$31M |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$4M | -$1M | -$51M | -$150M | -$1M | $0 | $0 | $0 | $0 |
| Sales of Investments | $12M | $0 | $0 | $101M | $54M | $1M | $51M | $150M | $0 | $15M | $0 | $0 | $0 |
| Other Investing Activities | $0 | $30M | $79M | $53M | $404M | $208M | $468M | $457M | $21M | $17M | $1.87B | $56M | $15M |
| Net Cash from Investing | -$209M | -$166M | -$217M | $87M | $394M | $119M | -$635M | $419M | -$165M | -$210M | $230M | -$120M | -$200M |
| Financing Activities | |||||||||||||
| Debt Repaid | $9M | -$78M | $133M | $62M | $449M | -$1.27B | -$618M | - | $55M | $765M | $612M | -$8M | $525M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $7M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$45M | -$116M | -$180M | -$227M | -$5M | -$66M | -$7M | -$348M | -$3M | $0 | $0 | $0 | $0 |
| Dividends Paid | -$280M | -$512M | -$152M | -$7M | -$241M | -$241M | -$494M | -$464M | -$386M | -$180M | -$81M | -$351M | -$103M |
| Other Financing Activities | -$31M | -$23M | -$10M | -$10M | $235M | -$50M | -$27M | -$4M | -$18M | $974M | -$4M | -$58M | $413M |
| Net Cash from Financing | -$365M | -$573M | -$475M | -$320M | -$475M | $914M | $97M | -$816M | -$459M | $30M | -$715M | -$401M | -$215M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1M | $0 | $2M | -$4M | -$1M | -$4M |
| Net Change in Cash | -$176M | -$310M | -$189M | $176M | -$218M | $595M | -$39M | $46M | $29M | $221M | $30M | -$6M | $21M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $398M | $429M | $503M | $409M | -$137M | -$438M | $499M | $444M | $653M | $399M | $519M | $516M | $440M |
| Capital Expenditure | -$296M | -$227M | -$285M | -$168M | -$54M | -$86M | -$240M | -$188M | -$185M | -$227M | -$226M | -$171M | -$184M |
| Free Cash Flow | $102M | $202M | $218M | $241M | -$191M | -$524M | $259M | $256M | $468M | $172M | $293M | $345M | $256M |
| Cash at Beginning | $440M | $750M | $939M | $763M | $981M | $386M | $425M | $379M | $350M | $72M | $42M | $48M | $27M |
| Cash at End | $264M | $440M | $750M | $939M | $763M | $981M | $386M | $425M | $379M | $293M | $72M | $42M | $48M |