| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 12 | -204 | -14 | -59 |
| Depreciation and amortization | 64 | 67 | 78 | 191 |
| Deferred income taxes | NaN | 0 | 4 | 0 |
| Loss on sale of assets, net | -1 | 1 | 0 | 1 |
| Gain on derecognition of assets | 0 | 10 | 16 | 32 |
| Accounts receivable, net | NaN | -14 | NaN | NaN |
| Impairment | 5 | 248 | 70 | NaN |
| Prepaid expenses | NaN | -9 | NaN | NaN |
| Equity in earnings from investments in affiliates | 1 | 2 | 0 | 2 |
| Other assets | NaN | 1 | NaN | NaN |
| Other (gain) loss, net | NaN | 16 | -1 | -1 |
| Accounts payable and accrued expenses | NaN | 37 | NaN | NaN |
| Share-based compensation expense | 4 | 5 | 5 | 9 |
| Due to hotel managers | NaN | -4 | NaN | NaN |
| Amortization of deferred financing costs | 3 | 3 | 2 | 4 |
| Other liabilities | NaN | 6 | NaN | NaN |
| Distributions from unconsolidated affiliates | 1 | 4 | 3 | 1 |
| Impairment loss | NaN | NaN | NaN | 70 |
| Changes in operating assets and liabilities | 30 | 50 | -36 | -12 |
| Net cash provided by operating activities | 59 | 105 | 99 | 194 |
| Capital expenditures for property and equipment | 83 | 108 | 68 | 120 |
| Acquisitions, net | NaN | 0 | NaN | NaN |
| Proceeds from asset dispositions, net | 11 | 0 | 0 | 75 |
| Proceeds from the sale of investments in affiliates, net | NaN | 12 | NaN | NaN |
| Reduction of restricted cash from derecognition of assets | NaN | 0 | NaN | NaN |
| Distributions from unconsolidated affiliates | NaN | 0 | 0 | NaN |
| Contributions to unconsolidated affiliates | NaN | 0 | 0 | NaN |
| Borrowings from credit facilities | NaN | NaN | 0 | 0 |
| Net cash used in investing activities | -72 | -96 | -68 | -45 |
| Proceeds from issuance of senior notes | NaN | 0 | 0 | 0 |
| Repayments of senior debt | NaN | 0 | 0 | 0 |
| Borrowings from credit facilities | NaN | 0 | NaN | NaN |
| Repayments of credit facilities | NaN | 0 | NaN | NaN |
| Repayments of mortgage debt | 2 | 3 | 2 | 4 |
| Debt issuance costs | NaN | 1 | 16 | 0 |
| Dividends paid | 50 | 50 | 49 | 181 |
| Distributions to noncontrolling interests | 1 | 0 | 2 | 8 |
| Tax withholdings on share-based compensation | 8 | 0 | 0 | 4 |
| Repurchase of common stock | 0 | 0 | 0 | 45 |
| Net cash used in financing activities | -61 | -54 | -69 | -242 |
| Net decrease in cash and cash equivalents and restricted cash | -74 | -45 | -38 | -93 |
| Cash and cash equivalents and restricted cash, beginning of period | 264 | 309 | 440 | NaN |
| Cash and cash equivalents and restricted cash, end of period | 190 | 264 | 309 | NaN |
Park Hotels & Resorts Inc. (PK)
Park Hotels & Resorts Inc. (PK)