PK Q4 2023 Earnings — Park Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena

PKPark Hotels & Resorts Inc.

$2B

Q4 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$657M-1.2% YoY

Gross Profit

$186M28.3% margin

Operating Income

$276M42.0% margin

Net Income

$187M28.5% margin

EPS (Diluted)

$0.88

QoQ Revenue Growth

-3.2%

Cash Flow

Operating Cash Flow

$141M

Free Cash Flow

$51M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$9.4B

Total Liabilities

$5.7B

Stockholders' Equity

$3.8B

Cash & Equivalents

$717M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$657M	$665M	-1.2%
Gross Profit	$186M	$186M	+0.0%
Operating Income	$276M	$84M	+228.6%
Net Income	$187M	$34M	+450.0%

Revenue Segments

Occupancy

$397M60%

Food and Beverage

$178M27%

Ancillary Hotel

$61M9%

Hotel, Other

$21M3%