Park Hotels & Resorts Inc. (PK) financial statements (2021 and earlier)

Company profile

Business Address 1775 TYSONS BLVD
TYSONS, VA 22102
State of Incorp. DE
Fiscal Year End December 31
SIC 7011 - Hotels and Motels (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

Current Assets
Cash, cash equivalents, and short-term investments951346410364
Cash and cash equivalents951346410364
Total current assets:951346410364
Noncurrent Assets
Operating lease, right-of-use asset229248
Property, plant and equipment9,1939,5947,9758,311
Long-term investments and receivables14355084
Long-term investments14355084
Intangible assets, net (including goodwill)45653634647
Goodwill 607607606
Intangible assets, net (excluding goodwill)45462741
Deferred income tax assets18
Total noncurrent assets:9,48210,5388,6599,042
Other undisclosed assets154406294308
TOTAL ASSETS:10,58711,2909,3639,714
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt 42  
Deferred income tax liabilities 42
Total noncurrent liabilities: 42  
Other undisclosed liabilities5,7444,7973,7773,752
Total liabilities:5,7444,8393,7773,752
Stockholders' equity
Stockholders' equity attributable to parent4,8936,4965,6326,011
Common stock2222
Additional paid in capital4,5194,5753,5893,825
Accumulated other comprehensive loss(4)(3)(6)(45)
Retained earnings3761,9222,0472,229
Stockholders' equity attributable to noncontrolling interest(50)(45)(46)(49)
Total stockholders' equity:4,8436,4515,5865,962
TOTAL LIABILITIES AND EQUITY:10,58711,2909,3639,714

Income statement (P&L) ($ in millions)

Revenue, net2,597
Cost of revenue(1,807)(2,060)(2,083)(2,066)
Cost of goods and services sold(258)(219)(207)(1,835)
Gross profit:(955)784654725
Operating expenses(309)(377)(246)(355)
Other operating expense, net
(Other Expenses)
Other undisclosed operating income989716964
Operating income (loss):(1,202)426504371
Nonoperating income (expense)(13)51105(2)
Investment income, nonoperating2662
Foreign currency transaction loss, before tax (1)(3)(4)
Other nonoperating income (expense)(15)46102 
Interest and debt expense(213)(140)(127)(124)
Income (loss) from continuing operations before equity method investments, income taxes:(1,428)337482245
Income (loss) from equity method investments(22)141840
Income (loss) from continuing operations before income taxes:(1,450)351500285
Income tax expense (benefit)6(35)(23)2,346
Net income (loss):(1,444)3164772,631
Net income (loss) attributable to noncontrolling interest4(10)(5)(6)
Net income (loss) available to common stockholders, diluted:(1,440)3064722,625

Comprehensive Income ($ in millions)

Net income (loss):(1,444)3164772,631
Other comprehensive income (loss)(1)33922
Comprehensive income (loss):(1,445)3195162,653
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4(10)(5)(6)
Comprehensive income (loss), net of tax, attributable to parent:(1,441)3095112,647

Statements sources

The financial statements are based on the company's filings with the 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.

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