PK: the cashflow

MyFinsight

For the year ending 2025-12-31, PK had -$176M decrease in cash & cash equivalents over the period. $102M in free cash flow.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Cash Flow	2025-12-31
Net (loss) income	-277
Depreciation and amortization	336
Gain on sales of assets, net	2
Gain on derecognition of assets	58
Impairment loss	318
Equity in earnings from investments in affiliates	4
Other (gain) loss, net	14
Share-based compensation expense	19
Amortization of deferred financing costs	9
Distributions from unconsolidated affiliates	8
Deferred income taxes	4
Accounts receivable, net	-14
Prepaid expenses	-9
Other assets	1
Accounts payable and accrued expenses	37
Due to hotel managers	-4
Other liabilities	6
Other	2
Net cash provided by operating activities	398
Capital expenditures for property and equipment	296
Acquisitions, net	0
Proceeds from asset dispositions, net	75
Proceeds from the sale of investments in affiliates, net	12
Reduction of restricted cash from derecognition of assets	0
Distributions from unconsolidated affiliates	0
Contributions to unconsolidated affiliates	0
Net cash used in investing activities	-209
Proceeds from issuance of senior notes	0
Repayments of senior debt	0
Borrowings from credit facilities	0
Repayments of credit facilities	0
Repayments of mortgage debt	9
Debt issuance costs	17
Dividends paid	280
Distributions to noncontrolling interests	10
Tax withholdings on share-based compensation	4
Repurchase of common stock	45
Net cash used in financing activities	-365
Net decrease in cash and cash equivalents and restricted cash	-176
Cash and cash equivalents and restricted cash, beginning of period	440
Cash and cash equivalents and restricted cash, end of period	264

Unit: Million (M) dollars