Park Hotels & Resorts Inc (PK) financial statements: income statement, balance sheet and cash flow
Park Hotels & Resorts Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Park Hotels & Resorts Inc reported revenue of $2.5B (-2.2% year on year).
Income statement
Park Hotels & Resorts Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenues
$2.5B
$2.6B
$2.7B
$2.5B
Cost of goods and services sold
$1.6B
$1.6B
$1.7B
$1.5B
Other property
$216.0M
$231.0M
$241.0M
$223.0M
Impairment and casualty loss
$319.0M
$14.0M
$204.0M
—
Depreciation and amortization
$336.0M
$257.0M
$287.0M
$269.0M
Corporate general and administrative
$72.0M
$69.0M
$65.0M
$63.0M
Other
$88.0M
$82.0M
$83.0M
$72.0M
Total expenses
$2.6B
$2.3B
$2.6B
$2.2B
Gain on sale of assets, net
$2.0M
$8.0M
$15.0M
$13.0M
Gain on derecognition of assets
$58.0M
$60.0M
$221.0M
—
Operating (loss) income
($33.0M)
$391.0M
$343.0M
$296.0M
Interest income
$10.0M
$21.0M
$38.0M
$13.0M
Interest expense
($209.0M)
($214.0M)
($207.0M)
($247.0M)
Interest expense associated with hotels in receivership
($58.0M)
($60.0M)
($45.0M)
—
Equity in earnings from investments in affiliates
$4.0M
$31.0M
$11.0M
$15.0M
Other gain (loss), net
$16.0M
($4.0M)
$4.0M
$96.0M
(Loss) income before income taxes
($270.0M)
$165.0M
$144.0M
$173.0M
Income tax (expense) benefit
($7.0M)
$61.0M
($38.0M)
$0
Net (loss) income
($277.0M)
$226.0M
$106.0M
$173.0M
Net income attributable to noncontrolling interests
($6.0M)
($14.0M)
($9.0M)
($11.0M)
Net (loss) income attributable to stockholders
($283.0M)
$212.0M
$97.0M
$162.0M
Earnings (loss) per share - Basic (in dollars per share)
-$1.43
$1.02
$0.44
$0.71
Earnings (loss) per share - Diluted (in dollars per share)
-$1.43
$1.01
$0.44
$0.71
Weighted average shares outstanding - Basic (in shares)
199.0M
207.0M
214.0M
228.0M
Weighted average shares outstanding – Diluted (in shares)
199.0M
209.0M
215.0M
228.0M
Park Hotels & Resorts Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenues
$680.0M
$622.0M
$610.0M
$672.0M
Cost of goods and services sold
$411.0M
$394.0M
$393.0M
$410.0M
Other property
$42.0M
$54.0M
$56.0M
$50.0M
Impairment and casualty loss
$22.0M
—
$0
$0
Depreciation and amortization
$66.0M
$64.0M
$78.0M
$122.0M
Corporate general and administrative
$20.0M
$18.0M
$17.0M
$19.0M
Other
$22.0M
$24.0M
$23.0M
$23.0M
Total expenses
$583.0M
$559.0M
$567.0M
$624.0M
(Loss) gain on sales of assets, net
($2.0M)
($1.0M)
$0
$1.0M
Gain on derecognition of assets
$0
$0
$16.0M
$16.0M
Operating income
$95.0M
$62.0M
$59.0M
$65.0M
Interest income
$2.0M
$1.0M
$3.0M
$2.0M
Interest expense
($52.0M)
($51.0M)
($53.0M)
($53.0M)
Interest expense associated with hotels in receivership
$0
$0
($16.0M)
($16.0M)
Equity in earnings from investments in affiliates
$1.0M
$1.0M
$0
$2.0M
Other gain (loss), net
$9.0M
$0
($1.0M)
($1.0M)
Income (loss) before income taxes
$55.0M
$13.0M
($8.0M)
($1.0M)
Income tax expense
($5.0M)
($1.0M)
($6.0M)
($1.0M)
Net income (loss)
$50.0M
$12.0M
($14.0M)
($2.0M)
Net income attributable to noncontrolling interests
($3.0M)
($1.0M)
($2.0M)
($3.0M)
Net income (loss) attributable to stockholders
$47.0M
$11.0M
($16.0M)
($5.0M)
Earnings (loss) per share – Basic (USD per share)
$0.24
$0.05
-$0.08
-$0.02
Earnings (loss) per share – Diluted (USD per share)
$0.24
$0.05
-$0.08
-$0.02
Weighted average shares outstanding - Basic (in shares)
200.0M
199.0M
199.0M
199.0M
Weighted average shares outstanding - Diluted (in shares)
200.0M
200.0M
199.0M
199.0M
Balance sheet
Park Hotels & Resorts Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Property and equipment, net
$7.0B
$7.4B
$7.5B
$8.3B
Assets held for sale, net
$14.0M
—
—
—
Contract asset
$0
$820.0M
$760.0M
—
Intangibles, net
$41.0M
$41.0M
$42.0M
$43.0M
Cash and cash equivalents
$232.0M
$402.0M
$717.0M
$906.0M
Restricted cash
$32.0M
$38.0M
$33.0M
$33.0M
Accounts receivable, net of allowance for doubtful accounts of $2 and $4
$116.0M
$131.0M
$112.0M
$129.0M
Prepaid expenses
$60.0M
$69.0M
$59.0M
$58.0M
Other assets
$80.0M
$71.0M
$40.0M
$46.0M
Operating lease right-of-use assets
$170.0M
$191.0M
$197.0M
$214.0M
TOTAL ASSETS (variable interest entities – $207 and $223)
$7.7B
$9.2B
$9.4B
$9.7B
Debt
$3.8B
$3.8B
$3.8B
$4.6B
Debt associated with hotels in receivership
$0
$725.0M
$725.0M
—
Accrued interest associated with hotels in receivership
$0
$95.0M
$35.0M
—
Accounts payable and accrued expenses
$198.0M
$226.0M
$210.0M
$220.0M
Dividends payable
$56.0M
$138.0M
$362.0M
—
Due to hotel managers
$134.0M
$138.0M
$131.0M
$141.0M
Other liabilities
$189.0M
$179.0M
$200.0M
$228.0M
Operating lease liabilities
$209.0M
$225.0M
$223.0M
$234.0M
Total liabilities (variable interest entities – $198 and $201)
$4.6B
$5.6B
$5.7B
$5.4B
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 200,938,658 shares issued and 199,901,086 shares outstanding as of December 31, 2025 and 203,407,320 shares issued and 202,553,194 shares outstanding as of December 31, 2024
$2000000.00
$2000000.00
$2000000.00
$2000000.00
Additional paid-in capital
$4.0B
$4.1B
$4.2B
$4.3B
Accumulated deficit
($902.0M)
($420.0M)
($344.0M)
$16.0M
Total stockholders’ equity
$3.1B
$3.6B
$3.8B
$4.3B
Noncontrolling interests
($55.0M)
($51.0M)
($46.0M)
($48.0M)
Total equity
$3.1B
$3.6B
$3.8B
$4.3B
TOTAL LIABILITIES AND EQUITY
$7.7B
$9.2B
$9.4B
$9.7B
Park Hotels & Resorts Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Property and equipment, net
$6.9B
$7.0B
$7.2B
$7.2B
Assets held for sale, net
$13.0M
$0
—
—
Intangibles, net
$40.0M
$41.0M
$41.0M
$41.0M
Cash and cash equivalents
$264.0M
$156.0M
$278.0M
$319.0M
Restricted cash
$38.0M
$34.0M
$31.0M
$28.0M
Accounts receivable, net of allowance for doubtful accounts of $2 and $2
$151.0M
$142.0M
$124.0M
$129.0M
Prepaid expenses
$54.0M
$66.0M
$55.0M
$72.0M
Other assets
$78.0M
$77.0M
$78.0M
$69.0M
Operating lease right-of-use assets
$156.0M
$166.0M
$181.0M
$184.0M
TOTAL ASSETS (variable interest entities – $199 and $207)
$7.7B
$7.7B
$8.8B
$8.9B
Debt
$3.9B
$3.8B
$3.8B
$3.8B
Accounts payable and accrued expenses
$226.0M
$225.0M
$237.0M
$237.0M
Dividends payable
$51.0M
$50.0M
$56.0M
$55.0M
Due to hotel managers
$106.0M
$104.0M
$107.0M
$114.0M
Other liabilities
$184.0M
$201.0M
$182.0M
$165.0M
Operating lease liabilities
$187.0M
$207.0M
$215.0M
$219.0M
Total liabilities (variable interest entities – $194 and $198)
$4.7B
$4.6B
$5.5B
$5.5B
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 202,614,273 shares issued and 201,349,455 shares outstanding as of June 30, 2026 and 200,938,658 shares issued and 199,901,086 shares outstanding as of December 31, 2025
$2000000.00
$2000000.00
$2000000.00
$2000000.00
Additional paid-in capital
$4.0B
$4.0B
$4.0B
$4.0B
Accumulated deficit
($940.0M)
($937.0M)
($647.0M)
($580.0M)
Total stockholders’ equity
$3.1B
$3.1B
$3.4B
$3.4B
Noncontrolling interests
($57.0M)
($55.0M)
($56.0M)
($56.0M)
Total equity
$3.0B
$3.0B
$3.3B
$3.4B
TOTAL LIABILITIES AND EQUITY
$7.7B
$7.7B
$8.8B
$8.9B
Cash flow statement
Park Hotels & Resorts Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net (loss) income
($277.0M)
$226.0M
$106.0M
$173.0M
Depreciation and amortization
$336.0M
$257.0M
$287.0M
$269.0M
Gain on sales of assets, net
($2.0M)
($8.0M)
($15.0M)
($13.0M)
Gain on derecognition of assets
($58.0M)
($60.0M)
($221.0M)
—
Impairment loss
$318.0M
$12.0M
—
—
Equity in earnings from investments in affiliates
($4.0M)
($31.0M)
($11.0M)
($15.0M)
Other (gain) loss, net
($14.0M)
$3.0M
($2.0M)
($90.0M)
Share-based compensation expense
$19.0M
$19.0M
$18.0M
$17.0M
Amortization of deferred financing costs
$9.0M
$9.0M
$9.0M
$10.0M
Distributions from unconsolidated affiliates
$8.0M
$8.0M
$10.0M
$7.0M
Deferred income taxes
$4.0M
($62.0M)
$14.0M
($2.0M)
Accounts receivable, net
$14.0M
($19.0M)
$9.0M
($33.0M)
Prepaid expenses
$9.0M
($10.0M)
($4.0M)
($23.0M)
Other assets
($1.0M)
$1.0M
$18.0M
$32.0M
Accounts payable and accrued expenses
$37.0M
$76.0M
$82.0M
$44.0M
Due to hotel managers
($4.0M)
$7.0M
($10.0M)
$30.0M
Other liabilities
$6.0M
$4.0M
$16.0M
($4.0M)
Other
($2.0M)
($3.0M)
($7.0M)
$1.0M
Net cash provided by operating activities
$398.0M
$429.0M
$503.0M
$409.0M
Capital expenditures for property and equipment
($296.0M)
($227.0M)
($285.0M)
($168.0M)
Acquisitions, net
$0
$0
($11.0M)
—
Proceeds from asset dispositions, net
$75.0M
$31.0M
$116.0M
$143.0M
Proceeds from the sale of investments in affiliates, net
$12.0M
$0
$3.0M
$101.0M
Reduction of restricted cash from derecognition of assets
$0
$0
($30.0M)
—
Distributions from unconsolidated affiliates
$0
$37.0M
$0
$11.0M
Contributions to unconsolidated affiliates
$0
($7.0M)
($10.0M)
$0
Net cash used in investing activities
($209.0M)
($166.0M)
($217.0M)
$87.0M
Proceeds from issuance of Senior Notes
$0
$550.0M
$0
$0
Repayments of Senior Debt
$0
($650.0M)
—
—
Borrowings from credit facilities
$0
$200.0M
$0
$50.0M
Repayments of credit facilities
$0
$0
($50.0M)
($78.0M)
Repayments of mortgage debt
($9.0M)
($22.0M)
($83.0M)
($64.0M)
Debt issuance costs
($17.0M)
($11.0M)
($1.0M)
($11.0M)
Dividends paid
($280.0M)
($512.0M)
($152.0M)
($7.0M)
Distributions to noncontrolling interests
($10.0M)
($7.0M)
($7.0M)
($10.0M)
Tax withholdings on share-based compensation
($4.0M)
($5.0M)
($2.0M)
($3.0M)
Repurchase of common stock
($45.0M)
($116.0M)
($180.0M)
($227.0M)
Net cash used in financing activities
($365.0M)
($573.0M)
($475.0M)
($320.0M)
Net decrease in cash and cash equivalents and restricted cash
($176.0M)
($310.0M)
($189.0M)
$176.0M
Cash and cash equivalents and restricted cash, beginning of period
$440.0M
$750.0M
$939.0M
$763.0M
Cash and cash equivalents and restricted cash, end of period
$264.0M
$440.0M
$750.0M
$939.0M
Park Hotels & Resorts Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
$62.0M
$12.0M
($73.0M)
($59.0M)
Depreciation and amortization
$130.0M
$64.0M
$269.0M
$191.0M
Loss (gain) on sales of assets, net
$3.0M
$1.0M
($1.0M)
($1.0M)
Gain on derecognition of assets
$0
$0
($48.0M)
($32.0M)
Impairment loss
$25.0M
$5.0M
$70.0M
$70.0M
Equity in earnings from investments in affiliates
($2.0M)
($1.0M)
($2.0M)
($2.0M)
Other (gain) loss, net
($3.0M)
—
$2.0M
$1.0M
Share-based compensation expense
$10.0M
$4.0M
$14.0M
$9.0M
Amortization of deferred financing costs
$4.0M
$3.0M
$6.0M
$4.0M
Distributions from unconsolidated affiliates
$5.0M
$1.0M
$4.0M
$1.0M
Deferred income taxes
$3.0M
—
$4.0M
$0
Changes in operating assets and liabilities
($37.0M)
($30.0M)
$48.0M
$12.0M
Net cash provided by operating activities
$200.0M
$59.0M
$293.0M
$194.0M
Capital expenditures for property and equipment
($147.0M)
($83.0M)
($188.0M)
($120.0M)
Proceeds from asset dispositions, net
$28.0M
$11.0M
$75.0M
$75.0M
Proceeds from the sale of investments in affiliates, net
$3.0M
—
—
—
Net cash used in investing activities
($116.0M)
($72.0M)
($113.0M)
($45.0M)
Borrowings from credit facilities
$250.0M
—
$0
$0
Repayments of Lines of Credit
($50.0M)
—
—
—
Repayments of mortgage debt
($124.0M)
($2.0M)
($6.0M)
($4.0M)
Debt issuance costs
($7.0M)
—
($16.0M)
$0
Dividends paid
($100.0M)
($50.0M)
($230.0M)
($181.0M)
Distributions to noncontrolling interests
($6.0M)
($1.0M)
($10.0M)
($8.0M)
Tax withholdings on share-based compensation
($9.0M)
($8.0M)
($4.0M)
($4.0M)
Repurchase of common stock
$0
$0
($45.0M)
($45.0M)
Net cash used in financing activities
($46.0M)
($61.0M)
($311.0M)
($242.0M)
Net increase (decrease) in cash and cash equivalents and restricted cash
$38.0M
($74.0M)
($131.0M)
($93.0M)
Cash and cash equivalents and restricted cash, beginning of period
$264.0M
$264.0M
$440.0M
$440.0M
Cash and cash equivalents and restricted cash, end of period