Park Hotels & Resorts (PK) FY2022 results: revenue $2.5 billion, up 83.6% on the year
Park Hotels & Resorts Inc. (PK) reported revenue of $2.5 billion for fiscal 2022, the year ended 31 December 2022, up 83.6% on the year before. Net income was $162 million, and diluted earnings per share $0.71. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$2.5 billion
+83.6% on the year
FY2015FY2022
Operating margin
11.8%
-13.1% a year earlier
FY2015FY2022
Net income
$162 million
FY2015FY2022
Diluted EPS
$0.71
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
409
-137
-438
Capital expenditure
168
54.0
86.0
+211.1%
Free cash flow
241
-191
-524
Free cash flow margin
9.6%
-14.0%
-61.5%
Cash from investing
87.0
394
119
-77.9%
Cash from financing
-320
-475
914
Depreciation and amortisation
269
281
298
-4.3%
Share-based compensation
17.0
19.0
20.0
-10.5%
Buybacks
227
0.0
66.0
Dividends paid
7.0
0.0
241
Dividend per share
$0.28
n/a
$0.45
Diluted shares, weighted
228m
236m
236m
-3.4%
Shares outstanding at period end
224m
236m
236m
-5.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
4,339
4,452
4,893
-2.5%
Non-controlling interest
-48.0
-49.0
-50.0
Debt
4,644
4,706
5,156
-1.3%
Other liabilities
796
634
588
+25.6%
Total liabilities and equity
9,731
9,743
10,587
-0.1%
Fixed assets
8,301
8,511
9,193
-2.5%
Intangible assets
43.0
44.0
45.0
-2.3%
Cash and equivalents
906
688
951
+31.7%
Other assets
481
500
398
-3.8%
Total assets
9,731
9,743
10,587
-0.1%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.