PK Q2 2023 Earnings — Park Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena

PKPark Hotels & Resorts Inc.

$2B

Q2 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$714M+2.7% YoY

Gross Profit

$207M29.0% margin

Operating Income

-$98M-13.7% margin

Net Income

-$150M-21.0% margin

EPS (Diluted)

$-0.70

QoQ Revenue Growth

+10.2%

Cash Flow

Operating Cash Flow

$146M

Free Cash Flow

$76M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$9.3B

Total Liabilities

$5.3B

Stockholders' Equity

$4.1B

Cash & Equivalents

$797M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$714M	$695M	+2.7%
Gross Profit	$207M	$223M	-7.2%
Operating Income	-$98M	$119M	-182.4%
Net Income	-$150M	$150M	-200.0%

Revenue Segments

Occupancy

$442M62%

Food and Beverage

$178M25%

Ancillary Hotel

$72M10%

Hotel, Other

$22M3%