Park Hotels & Resorts Inc. (PK) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1775 TYSONS BLVD TYSONS, VA 22102 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7011 - Hotels and Motels (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 402,000 | 717,000 | 906,000 | 688,000 | 951,000 | 346,000 | |||
| Cash and cash equivalent | 402,000 | 717,000 | 906,000 | 688,000 | 951,000 | 346,000 | |||
| Total current assets: | 402,000 | 717,000 | 906,000 | 688,000 | 951,000 | 346,000 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 191,000 | 197,000 | 214,000 | 210,000 | 229,000 | 248,000 | |||
| Property, plant and equipment | 7,398,000 | 7,459,000 | 8,301,000 | 8,511,000 | 9,193,000 | 9,594,000 | |||
| Long-term investments and receivables | 1,000 | 15,000 | 14,000 | 35,000 | |||||
| Long-term investments | 1,000 | 15,000 | 14,000 | 35,000 | |||||
| Intangible assets, net (including goodwill) | 41,000 | 42,000 | 43,000 | 44,000 | 45,000 | 653,000 | |||
| Goodwill | 607,000 | ||||||||
| Intangible assets, net (excluding goodwill) | 41,000 | 42,000 | 43,000 | 44,000 | 45,000 | 46,000 | |||
| Deferred income tax assets | 39,000 | 1,000 | 1,000 | 1,000 | 8,000 | ||||
| Total noncurrent assets: | 7,669,000 | 7,699,000 | 8,559,000 | 8,781,000 | 9,482,000 | 10,538,000 | |||
| Other undisclosed assets | 1,090,000 | 1,003,000 | 266,000 | 274,000 | 154,000 | 406,000 | |||
| TOTAL ASSETS: | 9,161,000 | 9,419,000 | 9,731,000 | 9,743,000 | 10,587,000 | 11,290,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | |||||||||
| Accrued liabilities | |||||||||
| Deferred revenue | 120,000 | 107,000 | |||||||
| Total current liabilities: | 120,000 | 107,000 | |||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 24,000 | 42,000 | |||||||
| Deferred income tax liabilities | 24,000 | 42,000 | |||||||
| Total noncurrent liabilities: | 24,000 | 42,000 | |||||||
| Other undisclosed liabilities | 5,447,000 | 5,520,000 | 5,440,000 | 5,340,000 | 5,744,000 | 4,797,000 | |||
| Total liabilities: | 5,567,000 | 5,651,000 | 5,440,000 | 5,340,000 | 5,744,000 | 4,839,000 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,645,000 | 3,814,000 | 4,339,000 | 4,452,000 | 4,893,000 | 6,496,000 | |||
| Common stock | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |||
| Additional paid in capital | 4,063,000 | 4,156,000 | 4,321,000 | 4,533,000 | 4,519,000 | 4,575,000 | |||
| Accumulated other comprehensive loss | (4,000) | (3,000) | |||||||
| Retained earnings (accumulated deficit) | (420,000) | (344,000) | 16,000 | (83,000) | 376,000 | 1,922,000 | |||
| Equity, attributable to noncontrolling interest | (51,000) | (46,000) | (48,000) | (49,000) | (50,000) | (45,000) | |||
| Total equity: | 3,594,000 | 3,768,000 | 4,291,000 | 4,403,000 | 4,843,000 | 6,451,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,161,000 | 9,419,000 | 9,731,000 | 9,743,000 | 10,587,000 | 11,290,000 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,599,000 | 2,698,000 | 2,501,000 | 1,362,000 | 852,000 | 2,844,000 | ||
| Cost of revenue | (1,958,000) | (2,254,000) | (1,899,000) | (1,188,000) | (1,807,000) | (2,060,000) | ||
| Cost of product and service sold | (231,000) | (241,000) | (223,000) | (191,000) | (258,000) | (219,000) | ||
| Gross profit: | 641,000 | 444,000 | 602,000 | 174,000 | (955,000) | 784,000 | ||
| Operating expenses | (318,000) | (337,000) | (319,000) | (348,000) | (309,000) | (377,000) | ||
| Other operating expense, net (Other Expenses) | (82,000) | (83,000) | (72,000) | (49,000) | (36,000) | (78,000) | ||
| Other undisclosed operating income | 150,000 | 319,000 | 85,000 | 44,000 | 98,000 | 97,000 | ||
| Operating income (loss): | 391,000 | 343,000 | 296,000 | (179,000) | (1,202,000) | 426,000 | ||
| Nonoperating income (expense) | 17,000 | 42,000 | 109,000 | (6,000) | (13,000) | 51,000 | ||
| Investment income, nonoperating | 17,000 | 42,000 | 13,000 | 1,000 | 2,000 | 6,000 | ||
| Other nonoperating income (expense) | 96,000 | (7,000) | (15,000) | 46,000 | ||||
| Interest and debt expense | (214,000) | (207,000) | (247,000) | (258,000) | (213,000) | (140,000) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 194,000 | 178,000 | 158,000 | (443,000) | (1,428,000) | 337,000 | ||
| Income (loss) from equity method investments | 31,000 | 11,000 | 15,000 | (7,000) | (22,000) | 14,000 | ||
| Other undisclosed loss from continuing operations before income taxes | (60,000) | (45,000) | ||||||
| Income (loss) from continuing operations before income taxes: | 165,000 | 144,000 | 173,000 | (450,000) | (1,450,000) | 351,000 | ||
| Income tax expense (benefit) | 61,000 | (38,000) | (2,000) | 6,000 | (35,000) | |||
| Income (loss) from continuing operations: | 226,000 | 106,000 | 173,000 | (452,000) | (1,444,000) | 316,000 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (452,000) | (1,444,000) | 316,000 | |
| Net income (loss): | 226,000 | 106,000 | 173,000 | (452,000) | (1,444,000) | 316,000 | ||
| Net income (loss) attributable to noncontrolling interest | (14,000) | (9,000) | (11,000) | (7,000) | 4,000 | (10,000) | ||
| Net income (loss) attributable to parent: | 212,000 | 97,000 | 162,000 | (459,000) | (1,440,000) | 306,000 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (1,000) | (2,000) | ||||||
| Net income (loss) available to common stockholders, diluted: | 211,000 | 95,000 | 162,000 | (459,000) | (1,440,000) | 306,000 | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 226,000 | 106,000 | 173,000 | (452,000) | (1,444,000) | 316,000 | ||
| Other comprehensive income (loss) | 4,000 | (1,000) | 3,000 | |||||
| Comprehensive income (loss): | 226,000 | 106,000 | 173,000 | (448,000) | (1,445,000) | 319,000 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (14,000) | (9,000) | (11,000) | (7,000) | 4,000 | (10,000) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 212,000 | 97,000 | 162,000 | (455,000) | (1,441,000) | 309,000 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.