Company Quick10K Filing
Park Hotels & Resorts
10-Q 2020-03-31 Filed 2020-05-11
10-K 2019-12-31 Filed 2020-02-27
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-01
10-Q 2019-03-31 Filed 2019-05-06
10-K 2018-12-31 Filed 2019-02-28
10-Q 2018-09-30 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-02
10-Q 2018-03-31 Filed 2018-05-04
10-K 2017-12-31 Filed 2018-03-01
10-Q 2017-09-30 Filed 2017-11-03
10-Q 2017-06-30 Filed 2017-08-03
10-Q 2017-03-31 Filed 2017-05-04
10-K 2016-12-31 Filed 2017-03-02
8-K 2020-05-19 Other Events, Exhibits
8-K 2020-05-18 Other Events, Exhibits
8-K 2020-05-11 Earnings, Exhibits
8-K 2020-05-08 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2020-04-24 Shareholder Vote
8-K 2020-03-20 Off-BS Arrangement, Regulation FD, Exhibits
8-K 2020-03-16 Regulation FD, Other Events, Exhibits
8-K 2020-02-26 Earnings, Exhibits
8-K 2020-02-20 Officers, Exhibits
8-K 2020-01-27
8-K 2020-01-15
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-09-13 M&A, Off-BS Arrangement, Officers, Regulation FD, Exhibits
8-K 2019-09-02 Other Events
8-K 2019-08-28 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-07-31 Earnings, Exhibits
8-K 2019-05-06 Earnings, Exhibits
8-K 2019-05-05 Enter Agreement, Regulation FD, Exhibits
8-K 2019-04-26 Shareholder Rights, Amend Bylaw, Shareholder Vote, Exhibits
8-K 2019-02-27 Earnings, Exhibits
8-K 2019-02-22 Amend Bylaw, Exhibits
8-K 2019-01-25 Officers
8-K 2018-11-01 Earnings, Exhibits
8-K 2018-06-30 Earnings, Exhibits
8-K 2018-04-27 Shareholder Vote
8-K 2018-03-31 Earnings, Exhibits
8-K 2018-03-06 Enter Agreement, Other Events, Exhibits
8-K 2018-03-05 Enter Agreement, Officers, Exhibits
8-K 2017-12-31 Earnings, Exhibits

Park Hotels & Resorts Financials

PK Metrics, Comps, Filings

Quarterly | Annual

Business

We are a leading lodging real estate company with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. As of February 28, 2019, our portfolio consists of 52 premium-branded hotels and resorts with over 30,000 rooms, primarily located in prime United States ("U.S.") markets with high barriers to entry. Over 85% of our rooms are luxury and upper upscale and over 97% are located in the U.S. We are focused on consistently delivering superior risk-adjusted returns to stockholders through active asset management and a thoughtful external growth strategy while maintaining a strong and flexible balance sheet.

We were originally formed as a Delaware corporation in 1946 and existed as a part of one of Hilton's business segments. On January 3, 2017, Hilton Parent completed the spin-off that resulted in our establishment as an independent, publicly traded company. The spin-off transaction, which was effected through a pro rata distribution of Park Parent stock to existing Hilton Parent stockholders, was intended to be tax-free to both Hilton and Hilton's stockholders. As a result of the spin-off, each holder of Hilton Parent common stock on the record date of December 15, 2016 received one share of our common stock for every five shares of Hilton Parent common stock owned.

We are a real estate investment trust ("REIT") for U.S. federal income tax purposes and we expect to continue to be organized and operate so as to continue to qualify as a REIT.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Intercontinental Hotels Group (IHG) 10,223 0% 3,753 4,830 0 0 0 0 10,021
Huazhu Group (HTHT) 9,184 0% 23,993 17,674 0 0 0 0 13,112
Caesars Entertainment (CZR) 7,858 0% 15.0 -3% 25,475 23,008 8,688 0 -693 1,003 15,034
Hyatt Hotels (H) 7,781 0% 8.9 6% 8,129 4,368 4,986 0 489 968 8,584
Park Hotels & Resorts (PK) 5,937 0% 18.0 2% 11,620 5,167 2,720 0 245 539 9,691
Wyndham Hotels & Resorts (WH) 5,373 0% 18.6 3% 4,630 3,388 2,088 0 135 396 7,366
Choice Hotels (CHH) 4,949 0% 19.1 15% 1,374 1,431 1,092 0 212 304 5,794
Sunstone Hotel Investors (SHO) 3,092 0% 9.9 4% 3,899 1,186 1,123 0 175 331 3,285
Eldorado Resorts (ERI) 3,030 0% 5.2 2% 6,081 4,954 2,608 0 94 546 2,811
Hilton Grand Vacations (HGV) 2,966 0% 9.2 9% 3,038 2,544 2,012 0 264 389 3,577
Boyd Gaming (BYD) 2,773 0% 10.9 2% 6,678 5,430 3,285 0 156 582 6,362
Extended Stay America (STAY) 2,719 0% 10.8 4% 4,155 2,911 1,224 0 181 453 4,887
Belmond (BEL) 2,563 0% 35.6 -0% 1,676 1,036 454 0 -4 90 3,205
Xenia Hotels & Resorts (XHR) 2,407 25% 10.9 5% 3,159 1,373 1,143 287 144 310 3,361
Penn National Gaming (PENN) 2,252 0% 5.0 1% 14,318 12,379 5,115 0 94 866 4,318
Red Rock Resorts (RRR) 1,469 0% 14.7 0% 4,127 3,345 1,827 0 16 300 4,409
Platinum Eagle Acquisition (EAGL) 1,058 47% 19.7 1% 608 467 245 115 6 74 1,465
Playa Hotels & Resorts (PLYA) 1,027 0% 17.3 -0% 2,144 1,320 644 0 -1 115 1,987
Monarch Casino & Resort (MCRI) 774 17% 14.9 6% 565 232 247 41 33 50 745
Century Casinos (CNTY) 259 0% 15.1 1% 340 153 197 0 4 19 285

Balance Sheet ($MM)2017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash318306357379280438415425290480364
Accounts Receivable180188158125138180176153172186193
Inventory
PP&E10,45910,51210,55510,35810,08210,09410,13410,03310,0439,85512,133
Assets9,8409,8179,8039,7149,3369,4519,3559,3639,3949,43111,620
Accounts Payable
Long-Term Debt2,9732,9572,9582,9582,9582,9582,9584,118
Liabilities3,8693,8163,7803,7523,6213,6943,6273,7773,8143,8555,167
Stockholders' Equity5,9716,0016,0706,0115,7655,8065,7745,6325,6285,6226,497
Income Statement ($MM)2017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue684733688686668731652686659703672
Cost of Revenue
Gross Profit
R&D
SG&A161516172214
Tax0-19-44-20130750
Net Income2,35011510561150218555597849
Cash Flow ($MM)2017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating1411331841954314772172105
Cash Investing-37-49-39-4032562109-966
Cash Financing-124-96-95-144-468-175-209-91745