Park Hotels & Resorts (PK) FY2024 results: revenue $2.6 billion, down 3.7% on the year
Park Hotels & Resorts Inc. (PK) reported revenue of $2.6 billion for fiscal 2024, the year ended 31 December 2024, down 3.7% on the year before. Net income was $212 million, up 118.6%, and diluted earnings per share $1.01. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$2.6 billion
-3.7% on the year
FY2017FY2024
Operating margin
15.0%
12.7% a year earlier
FY2017FY2024
Net income
$212 million
+118.6% on the year
FY2017FY2024
Diluted EPS
$1.01
+129.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
429
503
409
-14.7%
Capital expenditure
227
285
168
-20.4%
Free cash flow
202
218
241
-7.3%
Free cash flow margin
7.8%
8.1%
9.6%
Cash from investing
-166
-217
87.0
Cash from financing
-573
-475
-320
Depreciation and amortisation
257
287
269
-10.5%
Share-based compensation
19.0
18.0
17.0
+5.6%
Buybacks
116
180
227
-35.6%
Dividends paid
512
152
7.0
+236.8%
Dividend per share
$1.40
$2.15
$0.28
-34.9%
Diluted shares, weighted
209m
215m
228m
-2.8%
Shares outstanding at period end
203m
210m
224m
-3.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,645
3,814
4,339
-4.4%
Non-controlling interest
-51.0
-46.0
-48.0
Debt
3,865
3,786
4,644
+2.1%
Other liabilities
1,702
1,865
796
-8.7%
Total liabilities and equity
9,161
9,419
9,731
-2.7%
Fixed assets
7,398
7,459
8,301
-0.8%
Intangible assets
41.0
42.0
43.0
-2.4%
Cash and equivalents
402
717
906
-43.9%
Other assets
1,320
1,201
481
+9.9%
Total assets
9,161
9,419
9,731
-2.7%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.