$PK
Park Hotels & Resorts Inc.

2023 Q4 Form 10-Q Financial Statement

#000161740623000015 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $657.0M $679.0M
YoY Change -1.2% 2.57%
Cost Of Revenue $230.0M $241.0M
YoY Change -3.36% 4.78%
Gross Profit $427.0M $438.0M
YoY Change 0.0% 1.39%
Gross Profit Margin 64.99% 64.51%
Selling, General & Admin $256.0M $269.0M
YoY Change 0.0% 1.13%
% of Gross Profit 59.95% 61.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $94.00M $65.00M
YoY Change 44.62% -2.99%
% of Gross Profit 22.01% 14.84%
Operating Expenses $372.0M $353.0M
YoY Change 9.09% 0.57%
Operating Profit $55.00M $85.00M
YoY Change -36.05% -7.61%
Interest Expense -$55.00M $65.00M
YoY Change 22.22% 6.56%
% of Operating Profit -100.0% 76.47%
Other Income/Expense, Net $0.00 $19.00M
YoY Change -100.0% 5.56%
Pretax Income $221.0M $31.00M
YoY Change 497.3% -16.22%
Income Tax $33.00M $0.00
% Of Pretax Income 14.93% 0.0%
Net Earnings $187.0M $27.00M
YoY Change 450.0% -22.86%
Net Earnings / Revenue 28.46% 3.98%
Basic Earnings Per Share $0.13
Diluted Earnings Per Share $0.89 $0.13
COMMON SHARES
Basic Shares Outstanding 210.0M shares 215.7M
Diluted Shares Outstanding 212.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $717.0M $726.0M
YoY Change -20.86% -25.23%
Cash & Equivalents $717.0M $726.0M
Short-Term Investments
Other Short-Term Assets $59.00M $63.00M
YoY Change 1.72% 57.5%
Inventory
Prepaid Expenses
Receivables $112.0M $149.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $888.0M $938.0M
YoY Change -18.76% -18.79%
LONG-TERM ASSETS
Property, Plant & Equipment $7.459B $8.028B
YoY Change -10.14% -3.18%
Goodwill
YoY Change
Intangibles $42.00M $42.00M
YoY Change -2.33% -2.33%
Long-Term Investments
YoY Change
Other Assets $33.00M $60.00M
YoY Change 0.0% 106.9%
Total Long-Term Assets $8.531B $8.367B
YoY Change -1.24% -3.06%
TOTAL ASSETS
Total Short-Term Assets $888.0M $938.0M
Total Long-Term Assets $8.531B $8.367B
Total Assets $9.419B $9.305B
YoY Change -3.21% -4.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $210.0M $293.0M
YoY Change -4.55% 15.35%
Accrued Expenses $258.0M $225.0M
YoY Change 10.26% -7.41%
Deferred Revenue $107.0M
YoY Change 3.88%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $961.0M $654.0M
YoY Change 61.51% 5.48%
LONG-TERM LIABILITIES
Long-Term Debt $4.490B $4.490B
YoY Change -2.75% -3.85%
Other Long-Term Liabilities $200.0M $221.0M
YoY Change -12.28% 24.86%
Total Long-Term Liabilities $4.690B $4.711B
YoY Change -3.2% -2.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $961.0M $654.0M
Total Long-Term Liabilities $4.690B $4.711B
Total Liabilities $5.651B $5.365B
YoY Change 3.88% -1.87%
SHAREHOLDERS EQUITY
Retained Earnings -$344.0M -$169.0M
YoY Change -2250.0% -544.74%
Common Stock $4.158B $4.153B
YoY Change -3.82% -4.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.814B $3.984B
YoY Change
Total Liabilities & Shareholders Equity $9.419B $9.305B
YoY Change -3.21% -4.92%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $187.0M $27.00M
YoY Change 450.0% -22.86%
Depreciation, Depletion And Amortization $94.00M $65.00M
YoY Change 44.62% -2.99%
Cash From Operating Activities $126.0M $127.0M
YoY Change 80.0% -14.19%
INVESTING ACTIVITIES
Capital Expenditures $90.00M $71.00M
YoY Change 40.63% -236.54%
Acquisitions
YoY Change
Other Investing Activities -$36.00M $0.00
YoY Change -427.27% -100.0%
Cash From Investing Activities -$126.0M -$71.00M
YoY Change 137.74% 914.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -36.00M -112.0M
YoY Change -53.85% 1300.0%
NET CHANGE
Cash From Operating Activities 126.0M 127.0M
Cash From Investing Activities -126.0M -71.00M
Cash From Financing Activities -36.00M -112.0M
Net Change In Cash -36.00M -56.00M
YoY Change -40.98% -142.11%
FREE CASH FLOW
Cash From Operating Activities $126.0M $127.0M
Capital Expenditures $90.00M $71.00M
Free Cash Flow $36.00M $56.00M
YoY Change 500.0% -72.0%

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32000000 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2023Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
105000000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4188000000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2023Q2 us-gaap Profit Loss
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CY2023Q2 us-gaap Dividends
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4013000000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5000000 usd
CY2023Q3 us-gaap Profit Loss
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31000000 usd
CY2023Q3 us-gaap Dividends
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31000000 usd
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3000000 usd
CY2023Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
75000000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3940000000 usd
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
61000000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4285000000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5000000 usd
CY2022Q2 us-gaap Profit Loss
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154000000 usd
CY2022Q2 us-gaap Dividends
Dividends
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CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
157000000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4281000000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4000000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
40000000 usd
CY2022Q3 us-gaap Dividends
Dividends
3000000 usd
CY2022Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3000000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4319000000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8301000000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Interim results are not necessarily indicative of full year performance.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain line items on the audited condensed consolidated balance sheet as of December 31, 2022 have been reclassified to conform to the current period presentation.</span></div>
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
149000000 usd
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
15000000 usd
CY2022Q2 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
92000000 usd
CY2023Q3 us-gaap Land
Land
3196000000 usd
CY2022Q4 us-gaap Land
Land
3317000000 usd
CY2023Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
6315000000 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
6512000000 usd
CY2023Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
983000000 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
994000000 usd
CY2023Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
295000000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
201000000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10789000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11024000000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2761000000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2723000000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8028000000 usd
CY2023Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
65000000 usd
CY2022Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
67000000 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
193000000 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
203000000 usd
CY2023Q3 pk Unconsolidated Affiliate Debt
UnconsolidatedAffiliateDebt
721000000 usd
CY2022Q4 pk Unconsolidated Affiliate Debt
UnconsolidatedAffiliateDebt
721000000 usd
CY2023Q3 pk Longterm Debt And Financing Lease Obligations Gross
LongtermDebtAndFinancingLeaseObligationsGross
4512000000 usd
CY2022Q4 pk Longterm Debt And Financing Lease Obligations Gross
LongtermDebtAndFinancingLeaseObligationsGross
4644000000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
1000000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
3000000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
23000000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
30000000 usd
CY2023Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
4490000000 usd
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
4617000000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
781000000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
7000000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
657000000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1563000000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
30000000 usd
CY2023Q3 pk Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
1474000000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
4512000000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5000000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13000000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
24000000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
7000000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
7000000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.480
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.043
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
27000000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-90000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
128000000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1000000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2023Q3 pk Net Income Attributable To Stockholders Net Of Earnings Allocated To Participating Securities
NetIncomeAttributableToStockholdersNetOfEarningsAllocatedToParticipatingSecurities
27000000 usd
CY2022Q3 pk Net Income Attributable To Stockholders Net Of Earnings Allocated To Participating Securities
NetIncomeAttributableToStockholdersNetOfEarningsAllocatedToParticipatingSecurities
35000000 usd
pk Net Income Attributable To Stockholders Net Of Earnings Allocated To Participating Securities
NetIncomeAttributableToStockholdersNetOfEarningsAllocatedToParticipatingSecurities
-91000000 usd
pk Net Income Attributable To Stockholders Net Of Earnings Allocated To Participating Securities
NetIncomeAttributableToStockholdersNetOfEarningsAllocatedToParticipatingSecurities
128000000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
212000000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
224000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
216000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
229000000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
0 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
0 shares
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
0 shares
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
0 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
212000000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
224000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
216000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
229000000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023Q3 us-gaap Profit Loss
ProfitLoss
31000000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
40000000 usd
us-gaap Profit Loss
ProfitLoss
-82000000 usd
us-gaap Profit Loss
ProfitLoss
138000000 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
65000000 usd
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
67000000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
193000000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
204000000 usd
CY2023Q3 pk Corporate General And Administrative Expenses Excluding Severance
CorporateGeneralAndAdministrativeExpensesExcludingSeverance
18000000 usd
CY2022Q3 pk Corporate General And Administrative Expenses Excluding Severance
CorporateGeneralAndAdministrativeExpensesExcludingSeverance
16000000 usd
pk Corporate General And Administrative Expenses Excluding Severance
CorporateGeneralAndAdministrativeExpensesExcludingSeverance
50000000 usd
pk Corporate General And Administrative Expenses Excluding Severance
CorporateGeneralAndAdministrativeExpensesExcludingSeverance
48000000 usd
CY2023Q3 pk Impairment And Casualty Loss
ImpairmentAndCasualtyLoss
0 usd
CY2022Q3 pk Impairment And Casualty Loss
ImpairmentAndCasualtyLoss
3000000 usd
pk Impairment And Casualty Loss
ImpairmentAndCasualtyLoss
204000000 usd
pk Impairment And Casualty Loss
ImpairmentAndCasualtyLoss
4000000 usd
CY2023Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
19000000 usd
CY2022Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
18000000 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
61000000 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
52000000 usd
CY2023Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 usd
CY2022Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
14000000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
15000000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
13000000 usd
CY2023Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
9000000 usd
CY2022Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
4000000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
29000000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
5000000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
65000000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
61000000 usd
us-gaap Interest Expense
InterestExpense
186000000 usd
us-gaap Interest Expense
InterestExpense
185000000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6000000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2000000 usd
CY2023Q3 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
0 usd
CY2022Q3 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
1000000 usd
us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
4000000 usd
us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
98000000 usd
CY2023Q3 pk Other Items
OtherItems
8000000 usd
CY2022Q3 pk Other Items
OtherItems
4000000 usd
pk Other Items
OtherItems
21000000 usd
pk Other Items
OtherItems
11000000 usd
CY2023Q3 pk Adjusted Ebitda
AdjustedEbitda
173000000 usd
CY2022Q3 pk Adjusted Ebitda
AdjustedEbitda
167000000 usd
pk Adjusted Ebitda
AdjustedEbitda
517000000 usd
pk Adjusted Ebitda
AdjustedEbitda
464000000 usd
CY2023Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
135000000 usd
CY2023Q3 us-gaap Litigation Reserve
LitigationReserve
8000000 usd
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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