Park Hotels & Resorts : First Quarter 2025 Supplemental Data
PK
Published on 05/05/2025 at 15:03
MARCH 31, 2025
7 $ % / ( 2 ) & 2 1 7 ( 1 7 6
) L Q D Q F L D O 6 W D W H P H Q W V
6 X S S O H P H Q W D U ) L Q D Q F L D O , Q I R U P D W L R Q
2 X W OD RQ RG N $ V V X P S W L R Q V
3 R U W I R O L R D Q G 2 S H U D W L Q J 0 H W U L F V
3 U R S H U W L H V $ F T X L U H G D Q G 6 R O G
& R P S D U D E O H 6 X S S O H P H Q W D U ) L Q D Q F L D O , Q I R U P D & D S L W D O 6 W U X F W X U H
' H I L Q L W L R Q V
$ Q D O V W & R Y H U D J H
+ , / 7 2 1 1 ( : 2 5 / ( $ 1 6 5 , 9 (
FINANCIAL STATEMENTS
4 WALDORF ASTORIA ORLA
FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions, except share and per share data) March 31, 20D2e5cember 31, 2024
(unaudited)
ASSETS
Property and equipment, net $
$ 7,317
7,398
Contract asset 836 820
Intangibles, net 41 41
Cash and cash equivalents 233 402
Restricted cash 27 38
Accounts receivable, net of allowan$c3eafno$dr4doubtful accounts of 125 131
Prepaid expenses 66 69
Other assets 70 71
Operating lease right-of-use assets 186 191
TOTAL ASSETS (variable $in2t0ea8rne$ds2t 2e)3ntities -LIABILITIES AND EQUITY
Liabilities
$ $ 8,901
$ $ 3,841
9,161
3,841
Debt
Debt associated with hotels in receivership
Accrued interest associated with hotels in receivership Accounts payable and accrued expenses
Dividends payable Due to hotel managers Other liabilities
Operating lease liabilities
Total liabilities (variable$in2t0ea0rne$ds2t 0)e1ntities -
Stockholders' Equity
725 725
111 95
212 226
54 138
110 138
190 179
222 225
5,465 5,567
Common stock, par value $0.01 per share, 62,00,08,1050,07,200 0 shares authorized,
shares issu1e9d9,a7n8d2s,6h0a8res outstanMdainrcgha3s1o,af2n20d0235,407,320
shares issu2e0d2,a5n5d3s,1h9a4res outstanDdeincgemasbeorf 31, 2024
2 2
4,017 4,063
Additional paid-in capital Accumulated deficit
Total stockholders' equity
Noncontrolling interests
(525) (420)
3,494 3,645
(58) (51)
3,436 3,594
Total equity
TOTAL LIABILITIES AND EQUITY
$ $ 8,901
9,161
5
Disclaimer
Park Hotels & Resorts Inc. published this content on May 05, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 05, 2025 at 18:53 UTC.