Park Hotels & Resorts Inc.
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
PK$16.460.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, and
CONSOLIDATED BALANCE SHEETS
(in millions, except share and per share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Property and equipment, net | $7,459 | $8,301 |
| Contract asset | 760 | — |
| Intangibles, net | 42 | 43 |
| Cash and cash equivalents | 717 | 906 |
| Restricted cash | 33 | 33 |
| Accounts receivable, net of allowance for doubtful accounts of $3 and $2 | 112 | 129 |
| Prepaid expenses | 59 | 58 |
| Other assets | 40 | 47 |
| Operating lease right-of-use assets | 197 | 214 |
| TOTAL ASSETS (variable interest entities – $236 and $237) | $9,419 | $9,731 |
| LIABILITIES AND EQUITY | ||
| Liabilities | ||
| Debt | $3,765 | $3,892 |
| Debt associated with hotels in receivership | 725 | 725 |
| Accrued interest associated with hotels in receivership | 35 | — |
| Accounts payable and accrued expenses | 210 | 220 |
| Dividends payable | 362 | 56 |
| Due to hotel managers | 131 | 141 |
| Other liabilities | 200 | 172 |
| Operating lease liabilities | 223 | 234 |
| Total liabilities (variable interest entities – $218 and $219) | 5,651 | 5,440 |
| Stockholders' Equity | ||
| Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 210,676,264 shares issued and 209,987,581 shares outstanding as of December 31, 2023 and 224,573,858 shares issued and 224,061,745 shares outstanding as of December 31, 2022 | 2 | 2 |
| Additional paid-in capital | 4,156 | 4,321 |
| (Accumulated deficit) retained earnings | (344) | 16 |
| Total stockholders' equity | 3,814 | 4,339 |
| Noncontrolling interests | (46) | (48) |
| Total equity | 3,768 | 4,291 |
| TOTAL LIABILITIES AND EQUITY | $9,419 | $9,731 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.