Park Hotels & Resorts (PK) Financials

$9.92 -0.23 (-2.27%)

Closing price 03:59 PM Eastern

Extended Trading

$9.98 +0.06 (+0.66%)

As of 07:29 PM Eastern

Annual Income Statements for Park Hotels & Resorts

This table shows Park Hotels & Resorts' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	292	133	2,625	472	3,153	-1,440	-459	162	97	212
Consolidated Net Income / (Loss)	299	139	2,631	477	316	-1,444	-452	173	106	226
Net Income / (Loss) Continuing Operations	299	139	2,631	477	3,163	-1,444	-452	173	106	226
Total Pre-Tax Income	417	221	285	500	351	-1,450	-450	173	144	165
Total Operating Income	586	419	371	504	426	-1,202	-179	296	343	391
Total Gross Profit	918	914	955	959	3,846	127	418	916	987	745
Total Revenue	2,688	2,727	2,791	2,737	5,688	852	1,362	2,501	2,698	2,599
Operating Revenue	2,688	2,727	2,791	2,737	5,688	852	1,362	2,501	2,698	2,599
Total Cost of Revenue	1,770	1,813	1,836	1,778	1,842	725	944	1,585	1,711	1,854
Operating Cost of Revenue	1,770	1,813	1,836	1,778	1,842	725	944	1,585	1,711	1,854
Total Operating Expenses	332	495	584	455	573	1,329	597	620	644	354
Selling, General & Admin Expense	99	90	131	138	62	99	111	135	148	151
Depreciation Expense	287	300	288	277	264	298	281	269	287	257
Other Operating Expenses / (Income)	89	91	140	137	196	288	191	223	20	-60
Impairment Charge	-	15	26	-1.00	-	696	9.00	6.00	204	14
Other Special Charges / (Income)	-143	-1.00	-1.00	-96	-19	-62	5.00	-13	-15	-8.00
Total Other Income / (Expense), net	-169	-198	-86	-4.00	-75	-248	-271	-123	-199	-226
Interest Expense	186	181	124	127	140	213	258	247	252	274
Interest & Investment Income	23	5.00	42	24	20	-20	-6.00	28	49	52
Other Income / (Expense), net	-6.00	-22	-4.00	99	45	-15	-7.00	96	4.00	-4.00
Income Tax Expense	118	82	-2,346	23	35	-6.00	2.00	0.00	38	-61
Net Income / (Loss) Attributable to Noncontrolling Interest	7.00	6.00	6.00	5.00	10	-4.00	7.00	11	9.00	14
Basic Earnings per Share	$1.48	$0.67	$12.38	$2.32	$1.44	($6.11)	($1.95)	$0.71	$0.44	$1.02
Weighted Average Basic Shares Outstanding	198M	198M	211M	203M	212M	236M	236M	228M	214M	207M
Diluted Earnings per Share	$1.48	$0.67	$12.21	$2.31	$1.44	($6.11)	($1.95)	$0.71	$0.44	$1.01
Weighted Average Diluted Shares Outstanding	198M	198M	214M	204M	213M	236M	236M	228M	215M	209M
Weighted Average Basic & Diluted Shares Outstanding	-	198.50M	212M	203.40M	240.18M	236.38M	236.47M	222.07M	210.58M	202.04M
Cash Dividends to Common per Share	-	-	$1.84	$1.99	$1.90	$0.45	-	$0.28	$2.15	$1.40

This table shows Park Hotels & Resorts' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	35	34	33	-150	27	187	28	64	54	66
Consolidated Net Income / (Loss)	40	35	33	-146	31	188	29	67	57	73
Net Income / (Loss) Continuing Operations	40	35	33	-146	31	188	29	67	57	73
Total Pre-Tax Income	37	37	35	-143	31	221	30	55	59	21
Total Operating Income	92	84	80	-98	85	276	92	121	95	83
Total Gross Profit	240	247	226	270	246	245	239	272	181	53
Total Revenue	662	665	648	714	679	657	639	686	649	625
Operating Revenue	662	665	648	714	679	657	639	686	649	625
Total Cost of Revenue	422	418	422	444	433	412	400	414	468	572
Operating Cost of Revenue	422	418	422	444	433	412	400	414	468	572
Total Operating Expenses	148	163	146	368	161	-31	147	151	86	-30
Selling, General & Admin Expense	34	35	36	38	37	37	38	38	38	37
Depreciation Expense	67	65	64	64	65	94	65	64	63	65
Other Operating Expenses / (Income)	58	61	60	63	59	-162	38	42	-15	-125
Impairment Charge	3.00	-	1.00	203	0.00	-	6.00	7.00	0.00	1.00
Other Special Charges / (Income)	-14	-	-15	0.00	0.00	-	0.00	0.00	0.00	-8.00
Total Other Income / (Expense), net	-55	-47	-45	-45	-54	-55	-62	-66	-36	-62
Interest Expense	61	62	60	61	65	66	67	69	69	69
Interest & Investment Income	5.00	17	14	13	11	11	5.00	6.00	34	7.00
Income Tax Expense	-3.00	2.00	2.00	3.00	0.00	33	1.00	-12	2.00	-52
Net Income / (Loss) Attributable to Noncontrolling Interest	5.00	1.00	0.00	4.00	4.00	1.00	1.00	3.00	3.00	7.00
Basic Earnings per Share	$0.15	$0.14	$0.15	($0.70)	$0.13	$0.86	$0.13	$0.31	$0.26	$0.32
Weighted Average Basic Shares Outstanding	224M	228M	220M	215M	212M	214M	209M	209M	206M	207M
Diluted Earnings per Share	$0.15	$0.14	$0.15	($0.70)	$0.13	$0.86	$0.13	$0.30	$0.26	$0.32
Weighted Average Diluted Shares Outstanding	224M	228M	221M	215M	212M	215M	211M	211M	208M	209M
Weighted Average Basic & Diluted Shares Outstanding	224.84M	222.07M	215.63M	215.73M	209.98M	210.58M	210.60M	208.92M	206.40M	202.04M

This table details how cash moves in and out of Park Hotels & Resorts' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	70	206	29	46	-39	595	-218	176	-189	-310
Net Cash From Operating Activities	519	399	653	444	499	-438	-137	409	503	429
Net Cash From Continuing Operating Activities	519	399	653	445	499	-438	-137	409	503	429
Net Income / (Loss) Continuing Operations	299	139	2,631	477	316	-1,444	-452	173	106	226
Consolidated Net Income / (Loss)	299	139	2,631	477	316	-1,444	-452	173	106	226
Depreciation Expense	287	300	288	277	264	298	281	269	287	257
Amortization Expense	11	11	5.00	4.00	5.00	9.00	12	10	9.00	9.00
Non-Cash Adjustments To Reconcile Net Income	-132	34	62	-183	-51	625	70	-58	-27	-50
Changes in Operating Assets and Liabilities, net	54	-85	-2,333	-130	-35	74	-48	15	128	-13
Net Cash From Investing Activities	252	-224	-165	419	-635	119	394	87	-217	-166
Net Cash From Continuing Investing Activities	252	-224	-165	419	-635	119	394	87	-217	-166
Purchase of Property, Plant & Equipment	-226	-227	-185	-178	-240	-86	-54	-168	-285	-227
Acquisitions	-1,402	-	-	-10	-914	0.00	0.00	0.00	-11	0.00
Sale of Property, Plant & Equipment	1,866	-	-	369	429	207	454	143	116	31
Divestitures	-	-	-	150	51	1.00	0.00	101	3.00	0.00
Other Investing Activities, net	-	-	2.00	88	39	-3.00	-2.00	11	-40	30
Net Cash From Financing Activities	-697	29	-459	-816	97	914	-475	-320	-475	-573
Net Cash From Continuing Financing Activities	-697	29	-459	-816	97	914	-475	-320	-475	-573
Repayment of Debt	-883	-3,701	-55	0.00	-243	-1,144	-1,228	-153	-134	-683
Repurchase of Common Equity	-	-	-	-348	0.00	-66	0.00	-227	-180	-116
Payment of Dividends	-88	-212	-392	-466	-503	-242	-6.00	-17	-159	-519
Issuance of Debt	271	2,915	-	0.00	850	2,376	764	80	0.00	750
Other Financing Activities, net	3.00	1,027	-12	-2.00	-7.00	-10	-5.00	-3.00	-2.00	-5.00

This table details how cash moves in and out of Park Hotels & Resorts' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	133	-61	-64	-33	-56	-36	-340	74	34	-78
Net Cash From Operating Activities	148	70	104	146	127	126	92	117	140	80
Net Cash From Continuing Operating Activities	148	70	103	147	127	126	92	117	140	80
Net Income / (Loss) Continuing Operations	40	35	33	-146	31	188	29	67	57	73
Consolidated Net Income / (Loss)	40	35	33	-146	31	188	29	67	57	73
Depreciation Expense	67	65	64	64	65	94	65	64	63	65
Amortization Expense	1.00	3.00	2.00	2.00	3.00	2.00	0.00	4.00	2.00	3.00
Non-Cash Adjustments To Reconcile Net Income	-7.00	30	-9.00	207	5.00	-230	-5.00	-1.00	-34	-10
Changes in Operating Assets and Liabilities, net	47	-63	13	20	23	72	3.00	-17	52	-51
Net Cash From Investing Activities	-7.00	-53	49	-69	-71	-126	-70	-51	-13	-32
Net Cash From Continuing Investing Activities	-7.00	-53	49	-69	-71	-126	-70	-51	-13	-32
Purchase of Property, Plant & Equipment	-52	-64	-54	-70	-71	-90	-70	-51	-43	-63
Sale of Property, Plant & Equipment	45	-	116	-	-	-	0.00	-	-	31
Other Investing Activities, net	-	11	-2.00	-2.00	-	-36	0.00	-	-3.00	33
Net Cash From Financing Activities	-8.00	-78	-217	-110	-112	-36	-362	8.00	-93	-126
Net Cash From Continuing Financing Activities	-8.00	-78	-217	-110	-112	-36	-362	8.00	-93	-126
Repayment of Debt	-2.00	-114	-53	-78	-2.00	-1.00	-1.00	-664	-2.00	-16
Repurchase of Common Equity	-	-9.00	-105	-	-75	-	0.00	-25	-35	-56
Payment of Dividends	-6.00	-5.00	-57	-32	-35	-35	-357	-52	-56	-54

This table presents Park Hotels & Resorts' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	9,834	9,714	9,363	11,290	10,587	9,743	9,731	9,419	9,161
Total Current Assets	525	537	645	609	1,016	819	1,093	888	602
Cash & Equivalents	337	364	410	346	951	688	906	717	402
Accounts Receivable	130	125	153	180	26	96	129	112	131
Prepaid Expenses	58	48	82	83	39	35	58	59	69
Plant, Property, & Equipment, net	8,541	8,311	7,975	9,594	9,193	8,511	8,301	7,459	7,398
Total Noncurrent Assets	768	866	743	1,087	378	413	337	1,072	1,161
Intangible Assets	44	41	27	46	45	44	43	42	41
Other Noncurrent Operating Assets	39	135	59	399	319	354	294	1,030	1,120
Total Liabilities & Shareholders' Equity	9,834	9,714	9,363	11,290	10,587	9,743	9,731	9,419	9,161
Total Liabilities	6,011	3,752	3,777	4,839	5,744	5,340	5,440	5,651	5,567
Total Current Liabilities	167	198	183	217	147	156	276	572	364
Accounts Payable	167	198	183	217	147	156	220	210	226
Dividends Payable	-	-	-	-	-	-	56	362	138
Total Noncurrent Liabilities	5,844	3,554	3,594	4,622	5,597	5,184	5,164	5,079	5,203
Long-Term Debt	3,012	2,961	2,948	3,871	5,121	4,672	3,892	3,765	3,841
Other Noncurrent Operating Liabilities	395	528	604	701	466	512	1,272	1,314	1,362
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,823	5,962	5,586	6,451	4,843	4,403	4,291	3,768	3,594
Total Preferred & Common Equity	3,872	6,011	5,632	6,496	4,893	4,452	4,339	3,814	3,645
Total Common Equity	3,872	6,011	5,632	6,496	4,893	4,452	4,339	3,814	3,645
Common Stock	-	3,827	3,591	4,577	4,521	4,535	4,323	4,158	4,065
Retained Earnings	-	2,229	2,047	1,922	376	-83	16	-344	-420
Noncontrolling Interest	-49	-49	-46	-45	-50	-49	-48	-46	-51

This table presents Park Hotels & Resorts' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	9,786	9,553	9,344	9,305	9,085	9,166	9,173
Total Current Assets	1,155	1,027	1,014	938	565	657	661
Cash & Equivalents	971	842	797	726	378	449	480
Accounts Receivable	144	130	134	149	125	133	124
Prepaid Expenses	40	55	83	63	62	75	57
Plant, Property, & Equipment, net	8,292	8,198	8,002	8,028	7,441	7,422	7,413
Total Noncurrent Assets	339	328	328	339	1,079	1,087	1,099
Intangible Assets	43	43	43	42	42	42	42
Other Noncurrent Operating Assets	292	285	285	297	1,037	1,045	1,057
Total Liabilities & Shareholders' Equity	9,786	9,553	9,344	9,305	9,085	9,166	9,173
Total Liabilities	5,467	5,365	5,331	5,365	5,343	5,430	5,466
Total Current Liabilities	254	244	279	429	280	288	297
Accounts Payable	254	244	279	293	223	230	240
Dividends Payable	-	-	-	-	57	58	57
Total Noncurrent Liabilities	5,213	5,121	5,052	4,936	5,063	5,142	5,169
Long-Term Debt	4,670	4,566	4,490	4,490	3,764	3,856	3,855
Other Noncurrent Operating Liabilities	543	555	562	221	1,299	1,286	1,314
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,319	4,188	4,013	3,940	3,742	3,736	3,707
Total Preferred & Common Equity	4,365	4,237	4,058	3,984	3,789	3,780	3,752
Total Common Equity	4,365	4,237	4,058	3,984	3,789	3,780	3,752
Common Stock	4,327	4,218	4,223	4,153	4,156	4,135	4,105
Retained Earnings	38	19	-165	-169	-367	-355	-353
Noncontrolling Interest	-46	-49	-45	-44	-47	-44	-45

This table displays calculated financial ratios and metrics derived from Park Hotels & Resorts' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	1.45%	2.35%	-1.93%	107.82%	-85.02%	59.86%	83.63%	7.88%	-3.67%
EBITDA Growth	0.00%	-19.36%	-6.78%	33.94%	-16.29%	-222.97%	111.76%	527.10%	-4.17%	1.56%
EBIT Growth	0.00%	-31.55%	-7.56%	64.31%	-21.89%	-358.39%	84.72%	310.75%	-11.48%	11.53%
NOPAT Growth	0.00%	-37.28%	1,199.61%	-85.96%	-20.24%	-319.39%	85.11%	336.23%	-14.70%	112.11%
Net Income Growth	0.00%	-53.51%	1,792.81%	-81.87%	-33.75%	-556.96%	68.70%	138.27%	-38.73%	113.21%
EPS Growth	0.00%	-54.73%	1,722.39%	-81.08%	-37.66%	-524.31%	68.09%	136.41%	-38.03%	129.55%
Operating Cash Flow Growth	0.00%	-23.12%	63.66%	-32.01%	12.39%	-187.78%	68.72%	398.54%	22.98%	-14.71%
Free Cash Flow Firm Growth	0.00%	0.00%	122.21%	-35.49%	-268.23%	106.78%	398.71%	166.10%	-69.48%	33.15%
Invested Capital Growth	0.00%	0.00%	32.07%	-4.73%	23.12%	-9.48%	-6.97%	-12.41%	-2.11%	-0.10%
Revenue Q/Q Growth	0.00%	0.00%	0.58%	0.00%	109.12%	-80.61%	33.01%	9.36%	-0.30%	-1.22%
EBITDA Q/Q Growth	0.00%	0.00%	-5.17%	2.67%	17.83%	-67.90%	284.48%	12.96%	52.73%	-25.29%
EBIT Q/Q Growth	0.00%	0.00%	-6.62%	4.51%	26.95%	-42.34%	47.75%	25.64%	126.80%	-33.28%
NOPAT Q/Q Growth	0.00%	0.00%	-17.13%	1.87%	2.27%	-34.30%	47.35%	42.11%	138.87%	-1.84%
Net Income Q/Q Growth	0.00%	0.00%	1.70%	-1.24%	28.98%	-31.27%	25.29%	136.99%	325.53%	-33.72%
EPS Q/Q Growth	0.00%	0.00%	0.91%	3.13%	23.08%	-32.25%	25.29%	153.57%	257.14%	-34.84%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	15.99%	-9.39%	0.20%	-253.23%	47.10%	37.71%	12.53%	-9.68%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	4.48%	6.17%	-80.97%	15.33%	144.37%	113.68%	-59.38%
Invested Capital Q/Q Growth	0.00%	0.00%	-1.41%	-1.82%	-2.35%	-0.29%	0.24%	-8.50%	-9.47%	0.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.15%	33.52%	34.22%	35.04%	67.62%	14.91%	30.69%	36.63%	36.58%	28.66%
EBITDA Margin	32.66%	25.96%	23.65%	32.30%	13.01%	-106.81%	7.86%	26.83%	23.83%	25.13%
Operating Margin	21.80%	15.36%	13.29%	18.41%	7.49%	-141.08%	-13.14%	11.84%	12.71%	15.04%
EBIT Margin	21.58%	14.56%	13.15%	22.03%	8.28%	-142.84%	-13.66%	15.67%	12.86%	14.89%
Profit (Net Income) Margin	11.12%	5.10%	94.27%	17.43%	5.56%	-169.48%	-33.19%	6.92%	3.93%	8.70%
Tax Burden Percent	71.70%	62.90%	923.16%	95.40%	90.03%	99.59%	100.44%	100.00%	73.61%	136.97%
Interest Burden Percent	71.90%	55.67%	77.66%	82.92%	74.52%	119.15%	241.94%	44.13%	41.50%	42.64%
Effective Tax Rate	28.30%	37.10%	-823.16%	4.60%	9.97%	0.00%	0.00%	0.00%	26.39%	-36.97%
Return on Invested Capital (ROIC)	0.00%	8.21%	46.00%	5.81%	4.26%	-8.88%	-1.44%	3.77%	3.48%	7.46%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-1.39%	14.91%	5.66%	2.00%	-24.65%	-9.48%	0.26%	-1.06%	-1.40%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-0.94%	7.78%	2.45%	0.99%	-16.69%	-8.33%	0.21%	-0.85%	-1.33%
Return on Equity (ROE)	0.00%	7.27%	53.78%	8.26%	5.25%	-25.57%	-9.78%	3.98%	2.63%	6.14%
Cash Return on Invested Capital (CROIC)	0.00%	-191.79%	18.36%	10.66%	-16.47%	1.06%	5.78%	17.00%	5.62%	7.56%
Operating Return on Assets (OROA)	0.00%	4.04%	3.75%	6.32%	4.56%	-11.13%	-1.83%	4.03%	3.62%	4.17%
Return on Assets (ROA)	0.00%	1.41%	26.92%	5.00%	3.06%	-13.20%	-4.45%	1.78%	1.11%	2.43%
Return on Common Equity (ROCE)	0.00%	7.37%	54.31%	8.33%	5.29%	-25.79%	-9.88%	4.02%	2.66%	6.22%
Return on Equity Simple (ROE_SIMPLE)	0.00%	3.59%	43.77%	8.47%	4.86%	-29.51%	-10.15%	3.99%	2.78%	6.20%
Net Operating Profit after Tax (NOPAT)	420	264	3,425	481	384	-841	-125	296	252	536
NOPAT Margin	15.63%	9.66%	122.71%	17.57%	6.74%	-98.76%	-9.20%	11.84%	9.36%	20.61%
Net Nonoperating Expense Percent (NNEP)	0.00%	9.60%	31.09%	0.15%	2.26%	15.76%	8.04%	3.51%	4.54%	8.86%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	3.62%	3.35%	7.20%
Cost of Revenue to Revenue	65.85%	66.48%	65.78%	64.96%	32.38%	85.09%	69.31%	63.37%	63.42%	71.34%
SG&A Expenses to Revenue	3.68%	3.30%	4.69%	5.04%	1.09%	11.62%	8.15%	5.40%	5.49%	5.81%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.35%	18.15%	20.92%	16.62%	10.07%	155.99%	43.83%	24.79%	23.87%	13.62%
Earnings before Interest and Taxes (EBIT)	580	397	367	603	471	-1,217	-186	392	347	387
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	878	708	660	884	740	-910	107	671	643	653
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.67	0.68	0.75	0.68	0.83	0.48	0.77	0.80
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.75	0.76	0.83	0.69	0.83	0.49	0.78	0.81
Price to Revenue (P/Rev)	0.00	0.00	1.43	1.39	0.85	3.91	2.70	0.84	1.09	1.12
Price to Earnings (P/E)	0.00	0.00	1.52	8.07	1.54	0.00	0.00	12.98	30.18	13.70
Dividend Yield	0.00%	0.00%	24.88%	15.27%	9.40%	13.45%	0.00%	2.99%	8.75%	9.95%
Earnings Yield	0.00%	0.00%	65.65%	12.40%	65.14%	0.00%	0.00%	7.70%	3.31%	7.30%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.76	0.77	0.83	0.83	0.91	0.69	0.83	0.88
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.32	2.28	1.46	8.73	5.58	2.02	2.20	2.42
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	9.79	7.07	11.20	0.00	71.01	7.51	9.22	9.64
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	17.61	10.36	17.59	0.00	0.00	12.86	17.09	16.26
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	1.89	13.00	21.60	0.00	0.00	17.03	23.48	11.75
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	9.90	14.08	16.60	0.00	0.00	12.33	11.79	14.67
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	4.73	7.09	0.00	73.90	15.14	3.78	14.55	11.60
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.79	0.50	0.53	0.60	1.06	1.06	0.91	1.00	1.07
Long-Term Debt to Equity	0.00	0.79	0.50	0.53	0.60	1.06	1.06	0.91	1.00	1.07
Financial Leverage	0.00	0.68	0.52	0.43	0.50	0.68	0.88	0.81	0.80	0.95
Leverage Ratio	0.00	2.57	2.00	1.65	1.72	1.94	2.20	2.24	2.38	2.52
Compound Leverage Factor	0.00	1.43	1.55	1.37	1.28	2.31	5.32	0.99	0.99	1.08
Debt to Total Capital	0.00%	44.07%	33.18%	34.54%	37.50%	51.40%	51.48%	47.56%	49.98%	51.66%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	44.07%	33.18%	34.54%	37.50%	51.40%	51.48%	47.56%	49.98%	51.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-0.72%	-0.55%	-0.54%	-0.44%	-0.50%	-0.54%	-0.59%	-0.61%	-0.69%
Common Equity to Total Capital	0.00%	56.65%	67.37%	65.99%	62.93%	49.11%	49.06%	53.02%	50.63%	49.02%
Debt to EBITDA	0.00	4.25	4.49	3.33	5.23	-5.63	43.66	5.80	5.86	5.88
Net Debt to EBITDA	0.00	3.66	3.81	2.81	4.72	-4.57	37.09	4.45	4.74	5.27
Long-Term Debt to EBITDA	0.00	4.25	4.49	3.33	5.23	-5.63	43.66	5.80	5.86	5.88
Debt to NOPAT	0.00	11.43	0.86	6.13	10.09	-6.09	-37.29	13.15	14.91	7.17
Net Debt to NOPAT	0.00	9.84	0.73	5.17	9.10	-4.94	-31.68	10.09	12.07	6.42
Long-Term Debt to NOPAT	0.00	11.43	0.86	6.13	10.09	-6.09	-37.29	13.15	14.91	7.17
Altman Z-Score	0.00	0.00	1.41	1.48	1.52	0.20	0.56	0.72	0.71	0.70
Noncontrolling Interest Sharing Ratio	0.00%	-1.28%	-1.00%	-0.82%	-0.76%	-0.84%	-1.07%	-1.12%	-1.17%	-1.32%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	3.14	2.71	3.52	2.81	6.91	5.25	3.96	1.55	1.65
Quick Ratio	0.00	2.80	2.47	3.08	2.42	6.65	5.03	3.75	1.45	1.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-6,153	1,367	882	-1,483	101	502	1,335	407	543
Operating Cash Flow to CapEx	0.00%	175.77%	352.97%	0.00%	0.00%	0.00%	0.00%	1,636.00%	297.63%	218.88%
Free Cash Flow to Firm to Interest Expense	0.00	-34.00	11.02	6.94	-10.60	0.47	1.94	5.40	1.62	1.98
Operating Cash Flow to Interest Expense	2.79	2.20	5.27	3.50	3.56	-2.06	-0.53	1.66	2.00	1.57
Operating Cash Flow Less CapEx to Interest Expense	11.61	0.95	3.77	5.00	4.91	-1.49	1.02	1.55	1.33	0.85
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.28	0.29	0.29	0.55	0.08	0.13	0.26	0.28	0.28
Accounts Receivable Turnover	0.00	20.98	21.89	19.69	34.16	8.27	22.33	22.23	22.39	21.39
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.32	0.33	0.34	0.65	0.09	0.15	0.30	0.34	0.35
Accounts Payable Turnover	0.00	10.86	10.06	9.33	9.21	3.98	6.23	8.43	7.96	8.50
Days Sales Outstanding (DSO)	0.00	17.40	16.67	18.54	10.68	44.13	16.35	16.42	16.30	17.06
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	33.62	36.28	39.11	39.63	91.63	58.58	43.29	45.87	42.92
Cash Conversion Cycle (CCC)	0.00	-16.22	-19.61	-20.57	-28.95	-47.50	-42.23	-26.87	-29.56	-25.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	6,417	8,475	8,074	9,941	8,999	8,372	7,333	7,178	7,171
Invested Capital Turnover	0.00	0.85	0.37	0.33	0.63	0.09	0.16	0.32	0.37	0.36
Increase / (Decrease) in Invested Capital	0.00	6,417	2,058	-401	1,867	-942	-627	-1,039	-155	-7.00
Enterprise Value (EV)	0.00	0.00	6,463	6,249	8,285	7,435	7,598	5,041	5,929	6,292
Market Capitalization	0.00	0.00	3,999	3,807	4,840	3,329	3,678	2,103	2,927	2,904
Book Value per Share	$0.00	$19.56	$27.98	$27.99	$27.14	$20.77	$18.83	$19.30	$18.16	$17.66
Tangible Book Value per Share	$0.00	$16.28	$24.97	$24.84	$24.41	$20.58	$18.64	$19.11	$17.96	$17.46
Total Capital	0.00	6,835	8,923	8,534	10,322	9,964	9,075	8,183	7,533	7,435
Total Debt	0.00	3,012	2,961	2,948	3,871	5,121	4,672	3,892	3,765	3,841
Total Long-Term Debt	0.00	3,012	2,961	2,948	3,871	5,121	4,672	3,892	3,765	3,841
Net Debt	0.00	2,594	2,513	2,488	3,490	4,156	3,969	2,986	3,048	3,439
Capital Expenditures (CapEx)	-1,640	227	185	-191	-189	-121	-400	25	169	196
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	21	-25	52	46	-82	-25	-89	-401	-164
Debt-free Net Working Capital (DFNWC)	0.00	358	339	462	392	869	663	817	316	238
Net Working Capital (NWC)	0.00	358	339	462	392	869	663	817	316	238
Net Nonoperating Expense (NNE)	121	125	794	3.82	68	603	327	123	146	310
Net Nonoperating Obligations (NNO)	0.00	2,594	2,513	2,488	3,490	4,156	3,969	3,042	3,410	3,577
Total Depreciation and Amortization (D&A)	298	311	293	281	269	307	293	279	296	266
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.77%	-0.90%	1.90%	0.81%	-9.62%	-1.84%	-3.56%	-14.86%	-6.31%
Debt-free Net Working Capital to Revenue	0.00%	13.13%	12.15%	16.88%	6.89%	102.00%	48.68%	32.67%	11.71%	9.16%
Net Working Capital to Revenue	0.00%	13.13%	12.15%	16.88%	6.89%	102.00%	48.68%	32.67%	11.71%	9.16%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.48	$0.67	$12.38	$2.32	$1.44	($6.11)	($1.95)	$0.71	$0.44	$1.02
Adjusted Weighted Average Basic Shares Outstanding	198M	198M	211M	203M	212M	236M	236M	228M	214M	207M
Adjusted Diluted Earnings per Share	$1.48	$0.67	$12.21	$2.31	$1.44	($6.11)	($1.95)	$0.71	$0.44	$1.01
Adjusted Weighted Average Diluted Shares Outstanding	198M	198M	214M	204M	213M	236M	236M	228M	215M	209M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	198.50M	215.13M	201.55M	240.18M	236.38M	236.47M	222.07M	210.58M	202.04M
Normalized Net Operating Profit after Tax (NOPAT)	318	272	277	388	429	-391	-116	202	392	278
Normalized NOPAT Margin	11.82%	9.99%	9.93%	14.19%	7.55%	-45.85%	-8.48%	8.09%	14.51%	10.69%
Pre Tax Income Margin	15.51%	8.10%	10.21%	18.27%	6.17%	-170.19%	-33.04%	6.92%	5.34%	6.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.12	2.19	2.96	4.75	3.36	-5.71	-0.72	1.59	1.38	1.41
NOPAT to Interest Expense	2.26	1.46	27.62	3.79	2.74	-3.95	-0.49	1.20	1.00	1.95
EBIT Less CapEx to Interest Expense	11.94	0.94	1.47	6.25	4.71	-5.15	0.83	1.49	0.71	0.70
NOPAT Less CapEx to Interest Expense	11.08	0.20	26.13	5.29	4.09	-3.38	1.06	1.10	0.33	1.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	29.43%	152.52%	14.90%	97.69%	159.18%	-16.76%	-1.33%	9.83%	150.00%	229.65%
Augmented Payout Ratio	29.43%	152.52%	14.90%	170.65%	159.18%	-21.33%	-1.33%	141.04%	319.81%	280.97%

This table displays calculated financial ratios and metrics derived from Park Hotels & Resorts' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	56.50%	47.45%	35.28%	2.73%	2.57%	-1.20%	-1.39%	-3.92%	-4.42%	-4.87%
EBITDA Growth	203.77%	105.48%	88.46%	-110.28%	-4.97%	148.00%	6.80%	741.38%	3.92%	-59.41%
EBIT Growth	589.47%	4,000.00%	1,250.00%	-145.02%	-8.60%	236.59%	13.58%	224.21%	10.59%	-69.93%
NOPAT Growth	1,114.89%	5,575.68%	10,675.51%	-158.02%	-14.54%	195.48%	17.90%	314.87%	7.98%	22.89%
Net Income Growth	148.78%	153.85%	158.93%	-194.81%	-22.50%	437.14%	-12.12%	145.89%	83.87%	-61.17%
EPS Growth	141.67%	148.28%	162.50%	-206.06%	-13.33%	514.29%	-13.33%	142.86%	100.00%	-62.79%
Operating Cash Flow Growth	124.24%	266.67%	136.36%	-0.68%	-14.19%	80.00%	-11.54%	-19.86%	10.24%	-36.51%
Free Cash Flow Firm Growth	-34.04%	77.99%	-21.51%	-36.21%	-61.14%	-65.15%	75.69%	57.05%	418.69%	-24.18%
Invested Capital Growth	-4.05%	-12.41%	-4.69%	-5.91%	-1.06%	-2.11%	-9.19%	-6.55%	-9.96%	-0.10%
Revenue Q/Q Growth	-4.75%	0.45%	-2.56%	10.19%	-4.90%	-3.24%	-2.74%	7.36%	-5.39%	-3.70%
EBITDA Q/Q Growth	-42.91%	-6.83%	-2.00%	-119.73%	627.59%	143.14%	-57.80%	18.47%	-14.52%	-5.03%
EBIT Q/Q Growth	-55.92%	-11.83%	-1.22%	-217.28%	189.47%	224.71%	-66.67%	28.26%	-20.34%	-11.70%
NOPAT Q/Q Growth	-15.88%	-20.11%	-5.07%	-190.95%	223.91%	176.22%	-62.12%	65.74%	-37.73%	214.37%
Net Income Q/Q Growth	-74.03%	-12.50%	-5.71%	-542.42%	121.23%	506.45%	-84.57%	131.03%	-14.93%	28.07%
EPS Q/Q Growth	-77.27%	-6.67%	7.14%	-566.67%	118.57%	561.54%	-84.88%	130.77%	-13.33%	23.08%
Operating Cash Flow Q/Q Growth	0.68%	-52.70%	48.57%	40.38%	-13.01%	-0.79%	-26.98%	27.17%	19.66%	-42.86%
Free Cash Flow Firm Q/Q Growth	-32.83%	155.67%	-58.48%	-10.56%	-59.08%	129.29%	109.33%	-20.04%	35.16%	-66.49%
Invested Capital Q/Q Growth	-2.15%	-8.50%	7.90%	-2.60%	2.89%	-9.47%	0.10%	0.22%	-0.86%	0.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.25%	37.14%	34.88%	37.82%	36.23%	37.29%	37.40%	39.65%	27.89%	8.48%
EBITDA Margin	24.32%	22.56%	22.69%	-4.06%	22.53%	56.62%	24.57%	27.11%	24.50%	24.16%
Operating Margin	13.90%	12.63%	12.35%	-13.73%	12.52%	42.01%	14.40%	17.64%	14.64%	13.28%
EBIT Margin	14.05%	12.33%	12.50%	-13.31%	12.52%	42.01%	14.40%	17.20%	14.48%	13.28%
Profit (Net Income) Margin	6.04%	5.26%	5.09%	-20.45%	4.57%	28.61%	4.54%	9.77%	8.78%	11.68%
Tax Burden Percent	108.11%	94.59%	94.29%	102.10%	100.00%	85.07%	96.67%	121.82%	96.61%	347.62%
Interest Burden Percent	39.78%	45.12%	43.21%	150.53%	36.47%	80.07%	32.61%	46.61%	62.77%	25.30%
Effective Tax Rate	-8.11%	5.41%	5.71%	0.00%	0.00%	14.93%	3.33%	-21.82%	3.39%	-247.62%
Return on Invested Capital (ROIC)	4.20%	3.81%	3.83%	-3.25%	4.25%	13.29%	4.96%	7.67%	4.94%	16.72%
ROIC Less NNEP Spread (ROIC-NNEP)	2.63%	2.54%	2.74%	-5.29%	2.84%	11.84%	3.29%	5.42%	4.00%	10.55%
Return on Net Nonoperating Assets (RNNOA)	2.27%	2.05%	2.50%	-4.85%	2.65%	9.48%	2.97%	5.01%	3.88%	10.02%
Return on Equity (ROE)	6.47%	5.85%	6.33%	-8.10%	6.90%	22.77%	7.93%	12.68%	8.82%	26.74%
Cash Return on Invested Capital (CROIC)	6.68%	17.00%	9.39%	7.48%	2.39%	5.62%	13.08%	13.97%	17.73%	7.56%
Operating Return on Assets (OROA)	3.28%	3.17%	3.47%	-3.76%	3.55%	11.84%	4.15%	4.95%	4.12%	3.72%
Return on Assets (ROA)	1.41%	1.35%	1.41%	-5.77%	1.29%	8.06%	1.31%	2.81%	2.50%	3.27%
Return on Common Equity (ROCE)	6.54%	5.92%	6.41%	-8.19%	6.97%	23.03%	8.02%	12.83%	8.92%	27.09%
Return on Equity Simple (ROE_SIMPLE)	1.67%	0.00%	6.18%	-0.94%	-1.18%	0.00%	2.69%	8.33%	9.09%	0.00%
Net Operating Profit after Tax (NOPAT)	99	79	75	-69	85	235	89	147	92	289
NOPAT Margin	15.02%	11.95%	11.64%	-9.61%	12.52%	35.74%	13.92%	21.49%	14.14%	46.16%
Net Nonoperating Expense Percent (NNEP)	1.57%	1.27%	1.10%	2.04%	1.41%	1.45%	1.67%	2.25%	0.94%	6.17%
Return On Investment Capital (ROIC_SIMPLE)	-	0.97%	-	-	-	3.12%	-	-	-	3.88%
Cost of Revenue to Revenue	63.75%	62.86%	65.12%	62.18%	63.77%	62.71%	62.60%	60.35%	72.11%	91.52%
SG&A Expenses to Revenue	5.14%	5.26%	5.56%	5.32%	5.45%	5.63%	5.95%	5.54%	5.86%	5.92%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.36%	24.51%	22.53%	51.54%	23.71%	-4.72%	23.00%	22.01%	13.25%	-4.80%
Earnings before Interest and Taxes (EBIT)	93	82	81	-95	85	276	92	118	94	83
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	161	150	147	-29	153	372	157	186	159	151
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.48	0.48	0.55	0.59	0.57	0.77	0.95	0.83	0.79	0.80
Price to Tangible Book Value (P/TBV)	0.48	0.49	0.56	0.60	0.58	0.78	0.96	0.84	0.79	0.81
Price to Revenue (P/Rev)	0.91	0.84	0.88	0.89	0.85	1.09	1.34	1.19	1.12	1.12
Price to Earnings (P/E)	34.26	12.98	9.31	0.00	0.00	30.18	39.25	10.31	8.85	13.70
Dividend Yield	0.32%	2.99%	3.98%	5.05%	6.60%	8.75%	7.68%	9.48%	10.78%	9.95%
Earnings Yield	2.92%	7.70%	10.74%	0.00%	0.00%	3.31%	2.55%	9.70%	11.30%	7.30%
Enterprise Value to Invested Capital (EV/IC)	0.72	0.69	0.76	0.78	0.79	0.83	0.97	0.91	0.88	0.88
Enterprise Value to Revenue (EV/Rev)	2.51	2.02	2.26	2.25	2.30	2.20	2.58	2.45	2.39	2.42
Enterprise Value to EBITDA (EV/EBITDA)	9.66	7.51	8.14	14.08	14.81	9.22	10.64	7.51	7.18	9.64
Enterprise Value to EBIT (EV/EBIT)	18.39	12.86	12.89	37.51	40.75	17.09	19.41	11.41	10.82	16.26
Enterprise Value to NOPAT (EV/NOPAT)	27.55	17.03	16.18	54.61	58.98	23.48	26.68	12.15	11.50	11.75
Enterprise Value to Operating Cash Flow (EV/OCF)	19.32	12.33	12.84	12.91	13.95	11.79	14.15	14.11	13.21	14.67
Enterprise Value to Free Cash Flow (EV/FCFF)	10.51	3.78	7.91	10.16	32.69	14.55	7.04	6.26	4.70	11.60
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.08	0.91	1.09	1.12	1.20	1.00	1.01	1.03	1.04	1.07
Long-Term Debt to Equity	1.08	0.91	1.09	1.12	1.20	1.00	1.01	1.03	1.04	1.07
Financial Leverage	0.86	0.81	0.91	0.92	0.93	0.80	0.90	0.92	0.97	0.95
Leverage Ratio	2.23	2.24	2.27	2.30	2.31	2.38	2.35	2.39	2.42	2.52
Compound Leverage Factor	0.89	1.01	0.98	3.46	0.84	1.90	0.77	1.11	1.52	0.64
Debt to Total Capital	51.95%	47.56%	52.16%	52.80%	54.48%	49.98%	50.15%	50.79%	50.98%	51.66%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	51.95%	47.56%	52.16%	52.80%	54.48%	49.98%	50.15%	50.79%	50.98%	51.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.51%	-0.59%	-0.56%	-0.53%	-0.51%	-0.61%	-0.63%	-0.58%	-0.60%	-0.69%
Common Equity to Total Capital	48.56%	53.02%	48.40%	47.72%	46.03%	50.63%	50.48%	49.79%	49.62%	49.02%
Debt to EBITDA	7.86	5.80	6.17	10.47	11.20	5.86	5.76	4.44	4.41	5.88
Net Debt to EBITDA	6.22	4.45	5.03	8.61	9.48	4.74	5.19	3.93	3.86	5.27
Long-Term Debt to EBITDA	7.86	5.80	6.17	10.47	11.20	5.86	5.76	4.44	4.41	5.88
Debt to NOPAT	22.42	13.15	12.27	40.60	44.61	14.91	14.45	7.19	7.07	7.17
Net Debt to NOPAT	17.74	10.09	10.01	33.39	37.74	12.07	13.00	6.35	6.19	6.42
Long-Term Debt to NOPAT	22.42	13.15	12.27	40.60	44.61	14.91	14.45	7.19	7.07	7.17
Altman Z-Score	0.61	0.62	0.67	0.59	0.62	0.68	0.72	0.68	0.64	0.59
Noncontrolling Interest Sharing Ratio	-1.06%	-1.12%	-1.14%	-1.12%	-1.09%	-1.17%	-1.21%	-1.15%	-1.16%	-1.32%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.55	3.96	4.21	3.63	2.19	1.55	2.02	2.28	2.23	1.65
Quick Ratio	4.39	3.75	3.98	3.34	2.04	1.45	1.80	2.02	2.03	1.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	437	1,118	464	415	170	390	816	652	882	296
Operating Cash Flow to CapEx	2,114.29%	109.38%	0.00%	208.57%	178.87%	140.00%	131.43%	229.41%	325.58%	250.00%
Free Cash Flow to Firm to Interest Expense	7.17	18.04	7.74	6.81	2.62	5.91	12.18	9.46	12.78	4.28
Operating Cash Flow to Interest Expense	2.43	1.13	1.73	2.39	1.95	1.91	1.37	1.70	2.03	1.16
Operating Cash Flow Less CapEx to Interest Expense	2.31	0.10	2.77	1.25	0.86	0.55	0.33	0.96	1.41	0.70
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.23	0.26	0.28	0.28	0.28	0.28	0.29	0.29	0.28	0.28
Accounts Receivable Turnover	22.20	22.23	22.63	19.00	18.47	22.39	21.09	19.93	19.27	21.39
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.27	0.30	0.32	0.33	0.33	0.34	0.34	0.35	0.34	0.35
Accounts Payable Turnover	5.97	8.43	7.67	6.96	6.28	7.96	7.23	6.52	6.36	8.50
Days Sales Outstanding (DSO)	16.44	16.42	16.13	19.21	19.76	16.30	17.31	18.31	18.94	17.06
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	61.19	43.29	47.61	52.42	58.14	45.87	50.46	55.99	57.42	42.92
Cash Conversion Cycle (CCC)	-44.75	-26.87	-31.48	-33.21	-38.38	-29.56	-33.15	-37.68	-38.49	-25.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,014	7,333	7,912	7,706	7,929	7,178	7,185	7,201	7,139	7,171
Invested Capital Turnover	0.28	0.32	0.33	0.34	0.34	0.37	0.36	0.36	0.35	0.36
Increase / (Decrease) in Invested Capital	-338	-1,039	-389	-484	-85	-155	-727	-505	-790	-7.00
Enterprise Value (EV)	5,739	5,041	6,021	6,040	6,234	5,929	6,950	6,518	6,276	6,292
Market Capitalization	2,090	2,103	2,346	2,392	2,289	2,927	3,611	3,155	2,946	2,904
Book Value per Share	$19.41	$19.30	$19.08	$18.82	$18.47	$18.16	$18.13	$17.95	$17.96	$17.66
Tangible Book Value per Share	$19.22	$19.11	$18.89	$18.62	$18.27	$17.96	$17.93	$17.75	$17.76	$17.46
Total Capital	8,989	8,183	8,754	8,503	8,655	7,533	7,506	7,592	7,562	7,435
Total Debt	4,670	3,892	4,566	4,490	4,715	3,765	3,764	3,856	3,855	3,841
Total Long-Term Debt	4,670	3,892	4,566	4,490	4,715	3,765	3,764	3,856	3,855	3,841
Net Debt	3,695	2,986	3,724	3,693	3,989	3,048	3,386	3,407	3,375	3,439
Capital Expenditures (CapEx)	7.00	64	-62	70	71	90	70	51	43	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-70	-89	-59	-62	-217	-401	-93	-80	-116	-164
Debt-free Net Working Capital (DFNWC)	901	817	783	735	509	316	285	369	364	238
Net Working Capital (NWC)	901	817	783	735	509	316	285	369	364	238
Net Nonoperating Expense (NNE)	59	44	42	77	54	47	60	80	35	216
Net Nonoperating Obligations (NNO)	3,695	3,042	3,724	3,693	3,989	3,410	3,443	3,465	3,432	3,577
Total Depreciation and Amortization (D&A)	68	68	66	66	68	96	65	68	65	68
Debt-free, Cash-free Net Working Capital to Revenue	-3.06%	-3.56%	-2.21%	-2.31%	-8.02%	-14.86%	-3.46%	-3.01%	-4.41%	-6.31%
Debt-free Net Working Capital to Revenue	39.40%	32.67%	29.33%	27.33%	18.81%	11.71%	10.60%	13.87%	13.84%	9.16%
Net Working Capital to Revenue	39.40%	32.67%	29.33%	27.33%	18.81%	11.71%	10.60%	13.87%	13.84%	9.16%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.15	$0.14	$0.15	($0.70)	$0.13	$0.86	$0.13	$0.31	$0.26	$0.32
Adjusted Weighted Average Basic Shares Outstanding	224M	228M	220M	215M	212M	214M	209M	209M	206M	207M
Adjusted Diluted Earnings per Share	$0.15	$0.14	$0.15	($0.70)	$0.13	$0.86	$0.13	$0.30	$0.26	$0.32
Adjusted Weighted Average Diluted Shares Outstanding	224M	228M	221M	215M	212M	215M	211M	211M	208M	209M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	224.84M	222.07M	215.63M	215.73M	209.98M	210.58M	210.60M	208.92M	206.40M	202.04M
Normalized Net Operating Profit after Tax (NOPAT)	57	79	62	74	60	235	95	90	92	53
Normalized NOPAT Margin	8.57%	11.95%	9.60%	10.29%	8.76%	35.74%	14.83%	13.06%	14.14%	8.51%
Pre Tax Income Margin	5.59%	5.56%	5.40%	-20.03%	4.57%	33.64%	4.69%	8.02%	9.09%	3.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.52	1.32	1.35	-1.56	1.31	4.18	1.37	1.71	1.36	1.20
NOPAT to Interest Expense	1.63	1.28	1.26	-1.12	1.31	3.56	1.33	2.14	1.33	4.18
EBIT Less CapEx to Interest Expense	1.41	0.29	2.38	-2.70	0.22	2.82	0.33	0.97	0.74	0.74
NOPAT Less CapEx to Interest Expense	1.52	0.25	2.29	-2.27	0.22	2.19	0.28	1.40	0.71	3.72
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	21.92%	9.83%	28.24%	-263.16%	-274.47%	150.00%	450.00%	152.06%	146.63%	229.65%
Augmented Payout Ratio	320.55%	141.04%	131.68%	-563.16%	-676.60%	319.81%	523.53%	183.81%	164.22%	280.97%

Frequently Asked Questions About Park Hotels & Resorts' Financials

When does Park Hotels & Resorts's fiscal year end?

According to the most recent income statement we have on file, Park Hotels & Resorts' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Park Hotels & Resorts' net income changed over the last 9 years?

Park Hotels & Resorts' net income appears to be on a downward trend, with a most recent value of $226 million in 2024, falling from $299 million in 2015. The previous period was $106 million in 2023. See Park Hotels & Resorts' forecast for analyst expectations on what’s next for the company.

What is Park Hotels & Resorts's operating income?

Park Hotels & Resorts's total operating income in 2024 was $391 million, based on the following breakdown:

Total Gross Profit: $745 million
Total Operating Expenses: $354 million

How has Park Hotels & Resorts revenue changed over the last 9 years?

Over the last 9 years, Park Hotels & Resorts' total revenue changed from $2.69 billion in 2015 to $2.60 billion in 2024, a change of -3.3%.

How much debt does Park Hotels & Resorts have?

Park Hotels & Resorts' total liabilities were at $5.57 billion at the end of 2024, a 1.5% decrease from 2023, and a 7.4% decrease since 2016.

How much cash does Park Hotels & Resorts have?

In the past 8 years, Park Hotels & Resorts' cash and equivalents has ranged from $337 million in 2016 to $951 million in 2020, and is currently $402 million as of their latest financial filing in 2024.

How has Park Hotels & Resorts' book value per share changed over the last 9 years?

Over the last 9 years, Park Hotels & Resorts' book value per share changed from 0.00 in 2015 to 17.66 in 2024, a change of 1,766.0%.

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This page (NYSE:PK) was last updated on 5/6/2025 by MarketBeat.com Staff

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Park Hotels & Resorts (PK) Financials

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Park Hotels & Resorts (PK) Financials

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