$PK
Park Hotels & Resorts Inc. Stock $pk

$pk Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000161740624000039 Filed on May 01, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$686.0M	$639.0M
YoY Change	-3.92%	-1.39%
Cost Of Revenue	$226.0M	$225.0M
YoY Change	-7.76%	-3.85%
Gross Profit	$460.0M	$414.0M
YoY Change	-1.92%	0.0%
Gross Profit Margin	67.06%	64.79%
Selling, General & Admin	$263.0M	$244.0M
YoY Change	-5.4%	-7.58%
% of Gross Profit	57.17%	58.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$64.00M	$65.00M
YoY Change	0.0%	1.56%
% of Gross Profit	13.91%	15.7%
Operating Expenses	$347.0M	$330.0M
YoY Change	-4.67%	-5.17%
Operating Profit	$121.0M	$84.00M
YoY Change	15.24%	5.0%
Interest Expense	$54.00M	-$62.00M
YoY Change	-212.5%	-203.33%
% of Operating Profit	44.63%	-73.81%
Other Income/Expense, Net	$20.00M	$0.00
YoY Change	-9.09%	-100.0%
Pretax Income	$55.00M	$30.00M
YoY Change	-138.46%	-14.29%
Income Tax	-$12.00M	$1.000M
% Of Pretax Income	-21.82%	3.33%
Net Earnings	$64.00M	$28.00M
YoY Change	-142.67%	-15.15%
Net Earnings / Revenue	9.33%	4.38%
Basic Earnings Per Share	$0.31	$0.13
Diluted Earnings Per Share	$0.30	$0.13
COMMON SHARES
Basic Shares Outstanding	210.6M shares	210.6M shares
Diluted Shares Outstanding	211.0M shares	211.0M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$449.0M	$378.0M
YoY Change	-43.66%	-55.11%
Cash & Equivalents	$449.0M	$378.0M
Short-Term Investments
Other Short-Term Assets	$75.00M	$62.00M
YoY Change	-9.64%	12.73%
Inventory
Prepaid Expenses
Receivables	$133.0M	$125.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$657.0M	$565.0M
YoY Change	-35.21%	-44.99%
LONG-TERM ASSETS
Property, Plant & Equipment	$7.422B	$7.632B
YoY Change	-9.57%	-6.9%
Goodwill
YoY Change
Intangibles	$42.00M	$42.00M
YoY Change	-2.33%	-2.33%
Long-Term Investments
YoY Change
Other Assets	$35.00M	$32.00M
YoY Change	-22.22%	-3.03%
Total Long-Term Assets	$8.509B	$8.520B
YoY Change	2.15%	-0.07%
TOTAL ASSETS
Total Short-Term Assets	$657.0M	$565.0M
Total Long-Term Assets	$8.509B	$8.520B
Total Assets	$9.166B	$9.085B
YoY Change	-1.9%	-4.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$230.0M	$223.0M
YoY Change	-17.56%	-8.61%
Accrued Expenses	$279.0M	$267.0M
YoY Change	22.37%	15.58%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$678.0M	$648.0M
YoY Change	6.27%	9.46%
LONG-TERM LIABILITIES
Long-Term Debt	$4.581B	$4.489B
YoY Change	2.03%	-1.69%
Other Long-Term Liabilities	$171.0M	$206.0M
YoY Change	-15.76%	-0.48%
Total Long-Term Liabilities	$4.752B	$4.695B
YoY Change	1.26%	-1.63%
TOTAL LIABILITIES
Total Short-Term Liabilities	$678.0M	$648.0M
Total Long-Term Liabilities	$4.752B	$4.695B
Total Liabilities	$5.430B	$5.296B
YoY Change	2.72%	-1.29%
SHAREHOLDERS EQUITY
Retained Earnings	-$355.0M	-$367.0M
YoY Change	115.15%	-2031.58%
Common Stock	$4.135B	$4.156B
YoY Change	-2.08%	-1.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.780B	$3.789B
YoY Change
Total Liabilities & Shareholders Equity	$9.166B	$9.085B
YoY Change	-1.9%	-4.9%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$64.00M	$28.00M
YoY Change	-142.67%	-15.15%
Depreciation, Depletion And Amortization	$64.00M	$65.00M
YoY Change	0.0%	1.56%
Cash From Operating Activities	$117.0M	$92.00M
YoY Change	-19.86%	-11.54%
INVESTING ACTIVITIES
Capital Expenditures	$51.00M	$70.00M
YoY Change	-27.14%	29.63%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change	-100.0%	-100.0%
Cash From Investing Activities	-$51.00M	-$70.00M
YoY Change	-26.09%	-242.86%
FINANCING ACTIVITIES
Cash Dividend Paid		$355.0M
YoY Change		533.93%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	8.000M	-$362.0M
YoY Change	-107.27%	66.82%
NET CHANGE
Cash From Operating Activities	117.0M	$92.00M
Cash From Investing Activities	-51.00M	-$70.00M
Cash From Financing Activities	8.000M	-$362.0M
Net Change In Cash	74.00M	-$340.0M
YoY Change	-324.24%	431.25%
FREE CASH FLOW
Cash From Operating Activities	$117.0M	$92.00M
Capital Expenditures	$51.00M	$70.00M
Free Cash Flow	$66.00M	$22.00M
YoY Change	-13.16%	-56.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Finance Lease Liability Statement Of Financial Position Extensible List FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#DebtAndCapitalLeaseObligations
CY2023Q4	us-gaap	Finance Lease Liability Statement Of Financial Position Extensible List FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#DebtAndCapitalLeaseObligations
CY2024Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	639000000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	648000000	usd
CY2024Q1	us-gaap	Cost Of Other Property Operating Expense CostOfOtherPropertyOperatingExpense	52000000	usd
CY2023Q1	us-gaap	Cost Of Other Property Operating Expense CostOfOtherPropertyOperatingExpense	60000000	usd
CY2024Q1	pk	Impairment And Casualty Loss ImpairmentAndCasualtyLoss	6000000	usd
CY2023Q1	pk	Impairment And Casualty Loss ImpairmentAndCasualtyLoss	1000000	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	65000000	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	64000000	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	17000000	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	16000000	usd
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CY2023Q1	us-gaap	Other Expenses OtherExpenses	20000000	usd
CY2024Q1	us-gaap	Costs And Expenses CostsAndExpenses	561000000	usd
CY2023Q1	us-gaap	Costs And Expenses CostsAndExpenses	583000000	usd
CY2024Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	usd
CY2023Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	15000000	usd
CY2024Q1	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	14000000	usd
CY2023Q1	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	usd
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CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	80000000	usd
CY2024Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	5000000	usd
CY2023Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	10000000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	53000000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	52000000	usd
CY2024Q1	pk	Interest Expense Debt Of Assets In Receivership InterestExpenseDebtOfAssetsInReceivership	14000000	usd
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CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	30000000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	35000000	usd
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CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	33000000	usd
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CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
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CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	220000000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	211000000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	221000000	shares
CY2024Q1	us-gaap	Profit Loss ProfitLoss	29000000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	33000000	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	65000000	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	64000000	usd
CY2024Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	usd
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CY2024Q1	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	14000000	usd
CY2023Q1	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	usd
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CY2023Q1	pk	Impairment Long Lived Asset Held For Use And Casualty Loss ImpairmentLongLivedAssetHeldForUseAndCasualtyLoss	1000000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	4000000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	4000000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	4000000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	0	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	2000000	usd
CY2024Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	0	usd
CY2023Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	6000000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-3000000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-13000000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	92000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	104000000	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	70000000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	54000000	usd
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CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	49000000	usd
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CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-217000000	usd
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CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-64000000	usd
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CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	939000000	usd
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CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	875000000	usd
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CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.15
CY2024Q1	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>
CY2024Q1	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-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:12pt;text-indent:18pt"><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 condensed consolidated statements of operations for the three months ended March 31, 2023 have been reclassified to conform to the current period presentation.</span></div>
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CY2024Q1	us-gaap	Depreciation Nonproduction DepreciationNonproduction	65000000	usd
CY2023Q1	us-gaap	Depreciation Nonproduction DepreciationNonproduction	64000000	usd
CY2023Q4	pk	Unconsolidated Affiliate Debt UnconsolidatedAffiliateDebt	702000000	usd
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CY2024Q1	pk	Longterm Debt And Financing Lease Obligations Gross LongtermDebtAndFinancingLeaseObligationsGross	3785000000	usd
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CY2024Q1	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	1000000	usd
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CY2024Q1	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	22000000	usd
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CY2024Q1	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	3764000000	usd
CY2023Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	3765000000	usd
CY2024Q1	pk	Line Of Credit Facility Number Of Standby Letters Of Credit Permitted LineOfCreditFacilityNumberOfStandbyLettersOfCreditPermitted	1	letterofcredit
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	60000000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	657000000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	1563000000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	30000000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	725000000	usd
CY2024Q1	pk	Long Term Debt Maturities Repayments Of Principal After Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour	750000000	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	3785000000	usd
CY2024Q1	pk	Long Term Debt Assets In Receivership LongTermDebtAssetsInReceivership	725000000	usd
CY2024Q1	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	14000000	usd
CY2024Q1	pk	Contract Assets Receivable ContractAssetsReceivable	774000000	usd
CY2023Q4	pk	Contract Assets Receivable ContractAssetsReceivable	760000000	usd
CY2024Q1	pk	Long Term Debt Assets In Receivership LongTermDebtAssetsInReceivership	725000000	usd
CY2023Q4	pk	Long Term Debt Assets In Receivership LongTermDebtAssetsInReceivership	725000000	usd
CY2024Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4000000	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4000000	usd
CY2024Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	33000000	usd
CY2024Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y10M24D
CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	12000000	usd
CY2023Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	6000000	usd
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.360
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.045
CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P3Y
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	28000000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	33000000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	209000000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	220000000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	2000000	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	1000000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	211000000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	221000000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.13
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.13
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.15
CY2024Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	639000000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	648000000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	29000000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	33000000	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	65000000	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	64000000	usd
CY2024Q1	pk	Corporate General And Administrative Expenses Excluding Severance CorporateGeneralAndAdministrativeExpensesExcludingSeverance	17000000	usd
CY2023Q1	pk	Corporate General And Administrative Expenses Excluding Severance CorporateGeneralAndAdministrativeExpensesExcludingSeverance	16000000	usd
CY2024Q1	pk	Impairment And Casualty Loss ImpairmentAndCasualtyLoss	6000000	usd
CY2023Q1	pk	Impairment And Casualty Loss ImpairmentAndCasualtyLoss	1000000	usd
CY2024Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	21000000	usd
CY2023Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	20000000	usd
CY2024Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	usd
CY2023Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	15000000	usd
CY2024Q1	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	14000000	usd
CY2023Q1	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	usd
CY2024Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	5000000	usd
CY2023Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	10000000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	53000000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	52000000	usd
CY2024Q1	pk	Interest Expense Debt Of Assets In Receivership InterestExpenseDebtOfAssetsInReceivership	14000000	usd
CY2023Q1	pk	Interest Expense Debt Of Assets In Receivership InterestExpenseDebtOfAssetsInReceivership	8000000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	4000000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1000000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2000000	usd
CY2024Q1	us-gaap	Other Nonoperating Gains Losses OtherNonoperatingGainsLosses	0	usd
CY2023Q1	us-gaap	Other Nonoperating Gains Losses OtherNonoperatingGainsLosses	1000000	usd
CY2024Q1	pk	Other Items OtherItems	3000000	usd
CY2023Q1	pk	Other Items OtherItems	6000000	usd
CY2024Q1	pk	Adjusted Ebitda AdjustedEbitda	169000000	usd
CY2023Q1	pk	Adjusted Ebitda AdjustedEbitda	152000000	usd
CY2024Q1	us-gaap	Purchase Commitment Remaining Minimum Amount Committed PurchaseCommitmentRemainingMinimumAmountCommitted	91000000	usd
CY2024Q1	us-gaap	Litigation Reserve LitigationReserve	8000000	usd

Files In Submission

Name	View Source	Status
0001617406-24-000039-index-headers.html	Edgar Link	pending
0001617406-24-000039-index.html	Edgar Link	pending
0001617406-24-000039.txt	Edgar Link	pending
0001617406-24-000039-xbrl.zip	Edgar Link	pending
ex311-q12024.htm	Edgar Link	pending
ex312-q12024.htm	Edgar Link	pending
ex321-q12024.htm	Edgar Link	pending
ex322-q12024.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
pk-20240331.htm	Edgar Link	pending
pk-20240331.xsd	Edgar Link	pending
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R9.htm	Edgar Link	pending
pk-20240331_def.xml	Edgar Link	unprocessable
pk-20240331_lab.xml	Edgar Link	unprocessable
pk-20240331_pre.xml	Edgar Link	unprocessable
pk-20240331_htm.xml	Edgar Link	completed
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
pk-20240331_cal.xml	Edgar Link	unprocessable

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Park Hotels & Resorts Inc. Stock $pk

2024 Q2 Form 10-Q Financial Statement

#000161740624000039 Filed on May 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PK Park Hotels & Resorts Inc. Stock $pk

2024 Q2 Form 10-Q Financial Statement

#000161740624000039 Filed on May 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PK
Park Hotels & Resorts Inc. Stock $pk