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)

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments346410364
Cash and cash equivalents346410364
Total current assets:346410364
Noncurrent Assets
Operating lease, right-of-use asset248
Property, plant and equipment9,5947,9758,311
Long-term investments and receivables355084
Long-term investments355084
Intangible assets, net (including goodwill)653634647
Goodwill607607606
Intangible assets, net (excluding goodwill)462741
Deferred income tax assets8
Total noncurrent assets:10,5388,6599,042
Other undisclosed assets406294308
TOTAL ASSETS:11,2909,3639,714
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt42  
Deferred income tax liabilities42
Total noncurrent liabilities:42  
Other undisclosed liabilities4,7973,7773,752
Total liabilities:4,8393,7773,752
Stockholders' equity
Stockholders' equity attributable to parent6,4965,6326,011
Common stock222
Additional paid in capital4,5753,5893,825
Accumulated other comprehensive loss(3)(6)(45)
Retained earnings1,9222,0472,229
Stockholders' equity attributable to noncontrolling interest(45)(46)(49)
Total stockholders' equity:6,4515,5865,962
TOTAL LIABILITIES AND EQUITY:11,2909,3639,714

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

12/31/2019
12/31/2018
12/31/2017
Revenues2,8442,7372,791
Revenue, net2,597
Cost of revenue(2,060)(2,083)(2,066)
Cost of goods and services sold(219)(207)(1,835)
Gross profit:784654725
Operating expenses(377)(246)(355)
Other operating expense, net
(Other Expenses)
(78)(73)(63)
Other undisclosed operating income9716964
Operating income:426504371
Nonoperating income (expense)51105(2)
Investment income, nonoperating662
Foreign currency transaction loss, before tax(1)(3)(4)
Other nonoperating income46102 
Interest and debt expense(140)(127)(124)
Income from continuing operations before equity method investments, income taxes:337482245
Income from equity method investments141840
Income from continuing operations before income taxes:351500285
Income tax expense (benefit)(35)(23)2,346
Net income:3164772,631
Net loss attributable to noncontrolling interest(10)(5)(6)
Net income available to common stockholders, diluted:3064722,625

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net income:3164772,631
Other comprehensive income33922
Comprehensive income:3195162,653
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(5)(6)
Comprehensive income, net of tax, attributable to parent: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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