PK Q1 2023 Earnings — Park Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena

PKPark Hotels & Resorts Inc.

$2B

Q1 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$648M+35.3% YoY

Gross Profit

$166M25.6% margin

Operating Income

$80M12.3% margin

Net Income

$33M5.1% margin

EPS (Diluted)

$0.15

QoQ Revenue Growth

-2.6%

Cash Flow

Operating Cash Flow

$104M

Free Cash Flow

$50M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$9.6B

Total Liabilities

$5.4B

Stockholders' Equity

$4.2B

Cash & Equivalents

$842M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$648M	$479M	+35.3%
Gross Profit	$166M	$102M	+62.7%
Operating Income	$80M	$1M	+7900.0%
Net Income	$33M	-$57M	+157.9%

Revenue Segments

Occupancy

$382M59%

Food and Beverage

$181M28%

Ancillary Hotel

$65M10%

Hotel, Other

$20M3%