Park Hotels & Resorts Inc.
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 20, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Property and equipment, net | $7,398 | $7,459 |
| Contract asset | 820 | 760 |
| Intangibles, net | 41 | 42 |
| Cash and cash equivalents | 402 | 717 |
| Restricted cash | 38 | 33 |
| Accounts receivable, net of allowance for doubtful accounts of $4 and $3 | 131 | 112 |
| Prepaid expenses | 69 | 59 |
| Other assets | 71 | 40 |
| Operating lease right-of-use assets | 191 | 197 |
| TOTAL ASSETS (variable interest entities – $223 and $236) | $9,161 | $9,419 |
| LIABILITIES AND EQUITY | ||
| Liabilities | ||
| Debt | $3,841 | $3,765 |
| Debt associated with hotels in receivership | 725 | 725 |
| Accrued interest associated with hotels in receivership | 95 | 35 |
| Accounts payable and accrued expenses | 226 | 210 |
| Dividends payable | 138 | 362 |
| Due to hotel managers | 138 | 131 |
| Other liabilities | 179 | 200 |
| Operating lease liabilities | 225 | 223 |
| Total liabilities (variable interest entities – $201 and $218) | 5,567 | 5,651 |
| Stockholders' Equity | ||
| Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 203,407,320 shares issued and 202,553,194 shares outstanding as of December 31, 2024 and 210,676,264 shares issued and 209,987,581 shares outstanding as of December 31, 2023 | 2 | 2 |
| Additional paid-in capital | 4,063 | 4,156 |
| Accumulated deficit | (420) | (344) |
| Total stockholders' equity | 3,645 | 3,814 |
| Noncontrolling interests | (51) | (46) |
| Total equity | 3,594 | 3,768 |
| TOTAL LIABILITIES AND EQUITY | $9,161 | $9,419 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.