PK Q3 2023 Earnings — Park Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena

PKPark Hotels & Resorts Inc.

$2B

Q3 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$679M+2.6% YoY

Gross Profit

$187M27.5% margin

Operating Income

$85M12.5% margin

Net Income

$27M4.0% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

-4.9%

Cash Flow

Operating Cash Flow

$127M

Free Cash Flow

$56M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$9.3B

Total Liabilities

$5.4B

Stockholders' Equity

$4.0B

Cash & Equivalents

$726M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$679M	$662M	+2.6%
Gross Profit	$187M	$182M	+2.7%
Operating Income	$85M	$92M	-7.6%
Net Income	$27M	$35M	-22.9%

Revenue Segments

Occupancy

$432M64%

Food and Beverage

$159M23%

Ancillary Hotel

$66M10%

Hotel, Other

$22M3%