$PK
Park Hotels & Resorts Inc.

2017 Q3 Form 10-Q Financial Statement

#000156459017021521 Filed on November 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3 2015 Q4
Revenue $688.0M $671.0M $675.0M
YoY Change 2.53% -1.47%
Cost Of Revenue $241.0M $237.0M $238.0M
YoY Change 1.69% 1.28%
Gross Profit $447.0M $434.0M $437.0M
YoY Change 3.0% -2.91%
Gross Profit Margin 64.97% 64.68% 64.74%
Selling, General & Admin $264.0M $230.0M $228.0M
YoY Change 14.78% -2.13%
% of Gross Profit 59.06% 53.0% 52.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $74.00M $73.00M $75.00M
YoY Change 1.37% 0.0%
% of Gross Profit 16.55% 16.82% 17.16%
Operating Expenses $358.0M $324.0M $319.0M
YoY Change 10.49% -0.31%
Operating Profit $89.00M $110.0M $118.0M
YoY Change -19.09% -9.84%
Interest Expense $32.00M -$42.00M -$43.00M
YoY Change -176.19% 5.0%
% of Operating Profit 35.96% -38.18% -36.44%
Other Income/Expense, Net $18.00M -$5.000M -$1.000M
YoY Change -460.0%
Pretax Income $61.00M $63.00M $74.00M
YoY Change -3.17% -22.22%
Income Tax -$44.00M $26.00M $5.000M
% Of Pretax Income -72.13% 41.27% 6.76%
Net Earnings $103.0M $34.00M $68.00M
YoY Change 202.94% 6.25%
Net Earnings / Revenue 14.97% 5.07% 10.07%
Basic Earnings Per Share $0.48 $0.17
Diluted Earnings Per Share $0.48 $0.17 $343.4K
COMMON SHARES
Basic Shares Outstanding 214.0M 198.0M
Diluted Shares Outstanding 215.0M 198.0M

Balance Sheet

Concept 2017 Q3 2016 Q3 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $357.0M $346.0M
YoY Change 3.18%
Cash & Equivalents $377.0M $346.0M $72.00M
Short-Term Investments
Other Short-Term Assets $48.00M $43.00M
YoY Change 11.63%
Inventory
Prepaid Expenses
Receivables $158.0M $156.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $563.0M $545.0M
YoY Change 3.3%
LONG-TERM ASSETS
Property, Plant & Equipment $8.464B $8.573B $8.676B
YoY Change -1.27%
Goodwill $617.0M
YoY Change
Intangibles
YoY Change
Long-Term Investments $85.00M $100.0M
YoY Change -15.0%
Other Assets $20.00M $79.00M
YoY Change -74.68%
Total Long-Term Assets $9.240B $9.424B
YoY Change -1.95%
TOTAL ASSETS
Total Short-Term Assets $563.0M $545.0M
Total Long-Term Assets $9.240B $9.424B
Total Assets $9.803B $9.969B
YoY Change -1.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $178.0M $177.0M
YoY Change 0.56%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $45.00M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $481.0M $277.0M
YoY Change 73.65%
LONG-TERM LIABILITIES
Long-Term Debt $3.015B $3.073B
YoY Change -1.89%
Other Long-Term Liabilities $210.0M $100.0M
YoY Change 110.0%
Total Long-Term Liabilities $3.225B $3.173B
YoY Change 1.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $481.0M $277.0M
Total Long-Term Liabilities $3.225B $3.173B
Total Liabilities $3.733B $5.875B
YoY Change -36.46%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.070B $4.094B $2.797B
YoY Change
Total Liabilities & Shareholders Equity $9.803B $9.969B
YoY Change -1.67%

Cashflow Statement

Concept 2017 Q3 2016 Q3 2015 Q4
OPERATING ACTIVITIES
Net Income $103.0M $34.00M $68.00M
YoY Change 202.94% 6.25%
Depreciation, Depletion And Amortization $74.00M $73.00M $75.00M
YoY Change 1.37% 0.0%
Cash From Operating Activities $184.0M $75.00M $146.0M
YoY Change 145.33% -54.27%
INVESTING ACTIVITIES
Capital Expenditures -$39.00M -$42.00M -$64.00M
YoY Change -7.14% -2.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $19.00M
YoY Change -100.0%
Cash From Investing Activities -$39.00M -$42.00M -$45.00M
YoY Change -7.14% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -93.00M 115.0M -43.00M
YoY Change -180.87% -195.83%
NET CHANGE
Cash From Operating Activities 184.0M 75.00M 146.0M
Cash From Investing Activities -39.00M -42.00M -45.00M
Cash From Financing Activities -93.00M 115.0M -43.00M
Net Change In Cash 52.00M 148.0M 58.00M
YoY Change -64.86% 7300.0%
FREE CASH FLOW
Cash From Operating Activities $184.0M $75.00M $146.0M
Capital Expenditures -$39.00M -$42.00M -$64.00M
Free Cash Flow $223.0M $117.0M $210.0M
YoY Change 90.6% -43.48%

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Files In Submission

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