Park Hotels & Resorts Inc(NYSE:PK) 
Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city cen...
Website: http://www.pkhotelsandresorts.com
Founded: 2017
Full Time Employees: 488
CEO: Thomas J. Baltimore
Sector: Real Estate
Industry: REIT-Hotel & Motel
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 |
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revenues | |||||||||||||||||||||||||||||||||||||
rooms | 371,000,000 | 370,000,000 | 401,000,000 | 363,000,000 | 376,000,000 | 403,000,000 | 416,000,000 | 374,000,000 | 397,000,000 | 432,000,000 | 442,000,000 | 382,000,000 | 406,000,000 | 428,000,000 | 433,000,000 | 292,000,000 | 283,000,000 | 274,000,000 | 207,000,000 | 106,000,000 | 73,000,000 | 70,000,000 | 21,000,000 | 362,000,000 | 500,000,000 | 431,000,000 | 435,000,000 | 405,000,000 | 418,000,000 | 429,000,000 | 451,000,000 | 418,000,000 | 433,000,000 | 460,000,000 | 469,000,000 | 432,000,000 | |
food and beverage | 173,000,000 | 150,000,000 | 180,000,000 | 182,000,000 | 167,000,000 | 157,000,000 | 182,000,000 | 182,000,000 | 178,000,000 | 159,000,000 | 178,000,000 | 181,000,000 | 175,000,000 | 148,000,000 | 173,000,000 | 110,000,000 | 99,000,000 | 76,000,000 | 54,000,000 | 22,000,000 | 15,000,000 | 10,000,000 | 3,000,000 | 161,000,000 | 209,000,000 | 156,000,000 | 195,000,000 | 183,000,000 | 181,000,000 | 144,000,000 | 205,000,000 | 183,000,000 | 187,000,000 | 160,000,000 | 200,000,000 | 192,000,000 | |
ancillary hotel | 61,000,000 | 67,000,000 | 68,000,000 | 63,000,000 | 60,000,000 | 68,000,000 | 66,000,000 | 62,000,000 | 61,000,000 | 66,000,000 | 72,000,000 | 65,000,000 | 63,000,000 | 67,000,000 | 70,000,000 | 61,000,000 | 53,000,000 | 58,000,000 | 50,000,000 | 29,000,000 | 21,000,000 | 15,000,000 | 15,000,000 | 57,000,000 | 83,000,000 | 63,000,000 | 54,000,000 | 53,000,000 | 68,000,000 | 60,000,000 | 58,000,000 | 50,000,000 | |||||
other | 24,000,000 | 23,000,000 | 23,000,000 | 22,000,000 | 22,000,000 | 21,000,000 | 22,000,000 | 21,000,000 | 21,000,000 | 22,000,000 | 22,000,000 | 20,000,000 | 21,000,000 | 19,000,000 | 19,000,000 | 16,000,000 | 16,000,000 | 15,000,000 | 12,000,000 | 8,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 19,000,000 | 18,000,000 | 22,000,000 | 19,000,000 | 18,000,000 | 19,000,000 | 19,000,000 | 17,000,000 | 17,000,000 | -128,000,000 | 68,000,000 | 64,000,000 | 60,000,000 | |
total revenues | 629,000,000 | 610,000,000 | 672,000,000 | 630,000,000 | 625,000,000 | 649,000,000 | 686,000,000 | 639,000,000 | 657,000,000 | 679,000,000 | 714,000,000 | 648,000,000 | 665,000,000 | 662,000,000 | 695,000,000 | 479,000,000 | 451,000,000 | 423,000,000 | 323,000,000 | 165,000,000 | 113,000,000 | 98,000,000 | 42,000,000 | 599,000,000 | 810,000,000 | 672,000,000 | 703,000,000 | 659,000,000 | 686,000,000 | 652,000,000 | 731,000,000 | 668,000,000 | 686,000,000 | 688,000,000 | 733,000,000 | 684,000,000 | |
yoy | 0.64% | -6.01% | -2.04% | -1.41% | -4.87% | -4.42% | -3.92% | -1.39% | -1.20% | 2.57% | 2.73% | 35.28% | 47.45% | 56.50% | 115.17% | 190.30% | 299.12% | 331.63% | 669.05% | -72.45% | -86.05% | -85.42% | -94.03% | -9.10% | 18.08% | 3.07% | -3.83% | -1.35% | 0.00% | -5.23% | -0.27% | -2.34% | |||||
qoq | 3.11% | -9.23% | 6.67% | 0.80% | -3.70% | -5.39% | 7.36% | -2.74% | -3.24% | -4.90% | 10.19% | -2.56% | 0.45% | -4.75% | 45.09% | 6.21% | 6.62% | 30.96% | 95.76% | 46.02% | 15.31% | 133.33% | -92.99% | -26.05% | 20.54% | -4.41% | 6.68% | -3.94% | 5.21% | -10.81% | 9.43% | -2.62% | -0.29% | -6.14% | 7.16% | ||
operating expenses | |||||||||||||||||||||||||||||||||||||
other departmental and support | 145,000,000 | 148,000,000 | 152,000,000 | 151,000,000 | 151,000,000 | 154,000,000 | 155,000,000 | 145,000,000 | 151,000,000 | 161,000,000 | 165,000,000 | 158,000,000 | 160,000,000 | 162,000,000 | 158,000,000 | 133,000,000 | 125,000,000 | 119,000,000 | 101,000,000 | 78,000,000 | 63,000,000 | 64,000,000 | 60,000,000 | 172,000,000 | 185,000,000 | 153,000,000 | 151,000,000 | 149,000,000 | 158,000,000 | 157,000,000 | 155,000,000 | 156,000,000 | 133,000,000 | 180,000,000 | 181,000,000 | 177,000,000 | |
other property | 53,000,000 | 56,000,000 | 50,000,000 | 57,000,000 | 57,000,000 | 65,000,000 | 57,000,000 | 52,000,000 | |||||||||||||||||||||||||||||
management fees | 30,000,000 | 27,000,000 | 31,000,000 | 30,000,000 | 32,000,000 | 30,000,000 | 33,000,000 | 30,000,000 | 31,000,000 | 31,000,000 | 34,000,000 | 30,000,000 | 31,000,000 | 30,000,000 | 32,000,000 | 22,000,000 | 19,000,000 | 19,000,000 | 14,000,000 | 7,000,000 | 3,000,000 | 2,000,000 | 25,000,000 | 38,000,000 | 32,000,000 | ||||||||||||
impairment and casualty loss | 249,000,000 | 70,000,000 | 1,000,000 | 7,000,000 | 6,000,000 | 203,000,000 | 1,750,000 | 2,000,000 | 174,000,000 | 2,000,000 | |||||||||||||||||||||||||||
depreciation and amortization | 67,000,000 | 78,000,000 | 122,000,000 | 69,000,000 | 65,000,000 | 63,000,000 | 64,000,000 | 65,000,000 | 94,000,000 | 65,000,000 | 64,000,000 | 64,000,000 | 65,000,000 | 67,000,000 | 68,000,000 | 69,000,000 | 68,000,000 | 68,000,000 | 71,000,000 | 74,000,000 | 73,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 80,000,000 | 61,000,000 | 61,000,000 | 62,000,000 | 69,000,000 | 69,000,000 | 69,000,000 | 70,000,000 | 71,000,000 | 74,000,000 | 73,000,000 | 70,000,000 | |
corporate general and administrative | 18,000,000 | 17,000,000 | 19,000,000 | 18,000,000 | 17,000,000 | 17,000,000 | 18,000,000 | 17,000,000 | 15,000,000 | 18,000,000 | 16,000,000 | 16,000,000 | 15,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 14,000,000 | 14,000,000 | 16,000,000 | 18,000,000 | 21,000,000 | 13,000,000 | 14,000,000 | 16,000,000 | 15,000,000 | 14,000,000 | 22,000,000 | 17,000,000 | 18,000,000 | 16,000,000 | 15,000,000 | 16,000,000 | |||||
total expenses | 804,000,000 | 567,000,000 | 624,000,000 | 639,000,000 | 566,000,000 | 569,000,000 | 580,000,000 | 561,000,000 | 602,000,000 | 594,000,000 | 812,000,000 | 583,000,000 | 581,000,000 | 584,000,000 | 575,000,000 | 478,000,000 | 449,000,000 | 426,000,000 | 373,000,000 | 288,000,000 | 272,000,000 | 303,000,000 | 243,000,000 | 1,298,000,000 | 661,000,000 | 635,000,000 | 580,000,000 | 561,000,000 | 587,000,000 | 570,000,000 | 589,000,000 | 583,000,000 | 622,000,000 | 599,000,000 | 610,000,000 | 590,000,000 | |
gain on sale of assets | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||
gain on derecognition of assets | 10,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 15,000,000 | 15,000,000 | 14,000,000 | |||||||||||||||||||||||||||||
operating income | -164,000,000 | 59,000,000 | 65,000,000 | 7,000,000 | 83,000,000 | 95,000,000 | 121,000,000 | 92,000,000 | 276,000,000 | 85,000,000 | -98,000,000 | 80,000,000 | 84,000,000 | 92,000,000 | 119,000,000 | 1,000,000 | 2,000,000 | -14,000,000 | -44,000,000 | -123,000,000 | -159,000,000 | -206,000,000 | -200,000,000 | -637,000,000 | 148,000,000 | 38,000,000 | 111,000,000 | 129,000,000 | 97,000,000 | 84,000,000 | 149,000,000 | 174,000,000 | 65,000,000 | 89,000,000 | 123,000,000 | 94,000,000 | |
yoy | -297.59% | -37.89% | -46.28% | -92.39% | -69.93% | 11.76% | -223.47% | 15.00% | 228.57% | -7.61% | -182.35% | 7900.00% | 4100.00% | -757.14% | -370.45% | -100.81% | -101.26% | -93.20% | -78.00% | -80.69% | -207.43% | -642.11% | -280.18% | -593.80% | 52.58% | -54.76% | -25.50% | -25.86% | 49.23% | -5.62% | 21.14% | 85.11% | |||||
qoq | -377.97% | -9.23% | 828.57% | -91.57% | -12.63% | -21.49% | 31.52% | -66.67% | 224.71% | -186.73% | -222.50% | -4.76% | -8.70% | -22.69% | 11800.00% | -50.00% | -114.29% | -68.18% | -64.23% | -22.64% | -22.82% | 3.00% | -68.60% | -530.41% | 289.47% | -65.77% | -13.95% | 32.99% | 15.48% | -43.62% | -14.37% | 167.69% | -26.97% | -27.64% | 30.85% | ||
operating margin % | -26.07% | 9.67% | 9.67% | 1.11% | 13.28% | 14.64% | 17.64% | 14.40% | 42.01% | 12.52% | -13.73% | 12.35% | 12.63% | 13.90% | 17.12% | 0.21% | 0.44% | -3.31% | -13.62% | -74.55% | -140.71% | -210.20% | -476.19% | -106.34% | 18.27% | 5.65% | 15.79% | 19.58% | 14.14% | 12.88% | 20.38% | 26.05% | 9.48% | 12.94% | 16.78% | 13.74% | |
interest income | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 5,000,000 | 6,000,000 | 5,000,000 | 5,000,000 | 9,000,000 | 9,000,000 | 10,000,000 | 10,000,000 | 8,000,000 | 4,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||
interest expense | -51,000,000 | -53,000,000 | -53,000,000 | -52,000,000 | -53,000,000 | -54,000,000 | -54,000,000 | -53,000,000 | -21,000,000 | -65,000,000 | -61,000,000 | -60,000,000 | -62,000,000 | -61,000,000 | -62,000,000 | -62,000,000 | -63,000,000 | -66,000,000 | -66,000,000 | -63,000,000 | -64,000,000 | -59,000,000 | -50,000,000 | -40,000,000 | -42,000,000 | -33,000,000 | -33,000,000 | -32,000,000 | -33,000,000 | -32,000,000 | -31,000,000 | -31,000,000 | -31,000,000 | -32,000,000 | -31,000,000 | -30,000,000 | |
interest expense associated with hotels in receivership | -10,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -15,000,000 | -15,000,000 | -14,000,000 | |||||||||||||||||||||||||||||
equity in earnings from investments in affiliates | 2,000,000 | 2,000,000 | 2,000,000 | 28,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 4,000,000 | 9,000,000 | 1,000,000 | 5,000,000 | -6,000,000 | -7,000,000 | -8,000,000 | -1,000,000 | -4,000,000 | 3,000,000 | 10,000,000 | 5,000,000 | 2,000,000 | 4,000,000 | 8,000,000 | 4,000,000 | 22,000,000 | 6,000,000 | 8,000,000 | 4,000,000 | |||||||||
other gain | -1,000,000 | -1,000,000 | 2,000,000 | -1,000,000 | -3,000,000 | 3,000,000 | 1,000,000 | -2,000,000 | 1,000,000 | 92,000,000 | 5,000,000 | 45,000,000 | 1,000,000 | -1,000,000 | 1,000,000 | -4,000,000 | -2,000,000 | 108,000,000 | |||||||||||||||||||
income before income taxes | -205,000,000 | -8,000,000 | -1,000,000 | -56,000,000 | 21,000,000 | 59,000,000 | 55,000,000 | 30,000,000 | 221,000,000 | 31,000,000 | -143,000,000 | 35,000,000 | 37,000,000 | 37,000,000 | 155,000,000 | -56,000,000 | -61,000,000 | -85,000,000 | -114,000,000 | -190,000,000 | -238,000,000 | -275,000,000 | -258,000,000 | -679,000,000 | 149,000,000 | 9,000,000 | 89,000,000 | 104,000,000 | 65,000,000 | 55,000,000 | 231,000,000 | 149,000,000 | 59,000,000 | 61,000,000 | 96,000,000 | 69,000,000 | |
income tax benefit | 1,000,000 | -6,000,000 | -1,000,000 | 52,000,000 | -2,000,000 | 12,000,000 | -1,250,000 | 500,000 | 3,000,000 | -4,000,000 | 3,000,000 | -10,000,000 | -13,000,000 | 2,000,000 | 44,000,000 | 19,000,000 | 2,281,000,000 | ||||||||||||||||||||
net income | -204,000,000 | -14,000,000 | -2,000,000 | -57,000,000 | 73,000,000 | 57,000,000 | 67,000,000 | 29,000,000 | 188,000,000 | 31,000,000 | -146,000,000 | 33,000,000 | 35,000,000 | 40,000,000 | 154,000,000 | -56,000,000 | -65,000,000 | -82,000,000 | -114,000,000 | -191,000,000 | -218,000,000 | -276,000,000 | -261,000,000 | -689,000,000 | 126,000,000 | 9,000,000 | 84,000,000 | 97,000,000 | 55,000,000 | 55,000,000 | 218,000,000 | 149,000,000 | 61,000,000 | 105,000,000 | 115,000,000 | 2,350,000,000 | |
yoy | -379.45% | -124.56% | -102.99% | -296.55% | -61.17% | 83.87% | -145.89% | -12.12% | 437.14% | -22.50% | -194.81% | -158.93% | -153.85% | -148.78% | -235.09% | -70.68% | -70.18% | -70.29% | -56.32% | -72.28% | -273.02% | -3166.67% | -410.71% | -810.31% | 129.09% | -83.64% | -61.47% | -34.90% | -9.84% | -47.62% | 89.57% | -93.66% | |||||
qoq | 1357.14% | 600.00% | -96.49% | -178.08% | 28.07% | -14.93% | 131.03% | -84.57% | 506.45% | -121.23% | -542.42% | -5.71% | -12.50% | -74.03% | -375.00% | -13.85% | -20.73% | -28.07% | -40.31% | -12.39% | -21.01% | 5.75% | -62.12% | -646.83% | 1300.00% | -89.29% | -13.40% | 76.36% | 0.00% | -74.77% | 46.31% | 144.26% | -41.90% | -8.70% | -95.11% | ||
net income margin % | -32.43% | -2.30% | -0.30% | -9.05% | 11.68% | 8.78% | 9.77% | 4.54% | 28.61% | 4.57% | -20.45% | 5.09% | 5.26% | 6.04% | 22.16% | -11.69% | -14.41% | -19.39% | -35.29% | -115.76% | -192.92% | -281.63% | -621.43% | -115.03% | 15.56% | 1.34% | 11.95% | 14.72% | 8.02% | 8.44% | 29.82% | 22.31% | 8.89% | 15.26% | 15.69% | 343.57% | |
net income attributable to noncontrolling interests | -1,000,000 | -2,000,000 | -3,000,000 | -7,000,000 | -3,000,000 | -3,000,000 | -1,000,000 | -1,000,000 | -4,000,000 | -4,000,000 | -2,500,000 | -5,000,000 | -4,000,000 | -3,000,000 | -4,000,000 | -2,000,000 | -1,000,000 | -3,000,000 | -2,000,000 | -1,000,000 | -2,000,000 | -3,000,000 | |||||||||||||||
net income attributable to stockholders | -205,000,000 | -16,000,000 | -5,000,000 | -57,000,000 | 66,000,000 | 54,000,000 | 64,000,000 | 28,000,000 | 187,000,000 | 27,000,000 | -150,000,000 | 33,000,000 | 34,000,000 | 35,000,000 | 150,000,000 | -217,000,000 | -276,000,000 | -259,000,000 | -688,000,000 | 123,000,000 | 5,000,000 | 82,000,000 | 96,000,000 | 54,000,000 | 52,000,000 | 216,000,000 | 150,000,000 | 60,000,000 | 103,000,000 | 112,000,000 | 2,350,000,000 | ||||||
earnings per share: | |||||||||||||||||||||||||||||||||||||
earnings per share – basic | -1.03 | -0.08 | -0.02 | -0.29 | 0.32 | 0.26 | 0.31 | 0.13 | 0.86 | 0.13 | -0.7 | 0.15 | 0.16 | 0.15 | 0.66 | ||||||||||||||||||||||
earnings per share – diluted | -1.03 | -0.08 | -0.02 | -0.29 | 0.32 | 0.26 | 0.3 | 0.13 | 0.86 | 0.13 | -0.7 | 0.15 | 0.16 | 0.15 | 0.66 | ||||||||||||||||||||||
weighted-average shares outstanding – basic | 199 | 199 | 199 | 200 | 207 | 206 | 209 | 209 | 214 | 212 | 215 | 220 | 228 | 224 | 228 | 235 | 236 | ||||||||||||||||||||
weighted-average shares outstanding – diluted | 199 | 199 | 199 | 200 | 209 | 208 | 211 | 211 | 215 | 212 | 215 | 221 | 228 | 224 | 228 | 235 | 236 | ||||||||||||||||||||
income tax expense | -1,000,000 | -1,000,000 | -3,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | -3,500,000 | -1,000,000 | -3,000,000 | -10,000,000 | -3,000,000 | -5,000,000 | -7,000,000 | ||||||||||||||||||||||||
other property-level | 45,500,000 | 59,000,000 | 63,000,000 | 60,000,000 | 50,000,000 | 58,000,000 | 65,000,000 | 50,000,000 | 40,000,000 | 51,000,000 | 52,000,000 | 48,000,000 | 58,000,000 | 84,000,000 | 56,000,000 | 60,000,000 | 67,000,000 | 54,000,000 | 49,000,000 | 49,000,000 | 50,000,000 | 54,000,000 | 50,000,000 | 53,000,000 | 43,000,000 | 50,000,000 | 48,000,000 | 46,000,000 | |||||||||
casualty and impairment loss | 51,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||
gain on sales of assets | 15,000,000 | 14,000,000 | -1,000,000 | -11,000,000 | 6,000,000 | -1,000,000 | 1,000,000 | 62,000,000 | -1,000,000 | 1,000,000 | -12,000,000 | 31,000,000 | -2,000,000 | 2,000,000 | 7,000,000 | 89,000,000 | |||||||||||||||||||||
casualty loss | 1,000,000 | ||||||||||||||||||||||||||||||||||||
other comprehensive income, net of tax expense: | |||||||||||||||||||||||||||||||||||||
change in fair value of interest rate swap, net of tax | |||||||||||||||||||||||||||||||||||||
loss from interest rate swap reclassified into earnings | 2,000,000 | ||||||||||||||||||||||||||||||||||||
total other comprehensive income | 3,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | -1,000,000 | -2,000,000 | 5,000,000 | -3,000,000 | 1,000,000 | 3,000,000 | -1,000,000 | 37,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | ||||||||||||||||||||||
comprehensive income | 35,000,000 | 40,000,000 | 154,000,000 | -217,000,000 | -275,000,000 | -262,000,000 | -691,000,000 | 131,000,000 | 6,000,000 | 85,000,000 | 97,000,000 | 58,000,000 | 54,000,000 | 218,000,000 | 186,000,000 | 61,000,000 | 113,000,000 | 122,000,000 | 2,357,000,000 | ||||||||||||||||||
comprehensive income attributable to noncontrolling interests | -2,500,000 | -5,000,000 | -4,000,000 | -1,250,000 | -4,000,000 | -3,000,000 | -4,000,000 | -2,000,000 | -1,000,000 | -3,000,000 | -2,000,000 | -1,000,000 | -2,000,000 | -3,000,000 | |||||||||||||||||||||||
comprehensive income attributable to stockholders | 34,000,000 | 35,000,000 | 150,000,000 | -216,000,000 | -275,000,000 | -260,000,000 | -690,000,000 | 128,000,000 | 2,000,000 | 83,000,000 | 96,000,000 | 57,000,000 | 51,000,000 | 216,000,000 | 187,000,000 | 60,000,000 | 111,000,000 | 119,000,000 | 2,357,000,000 | ||||||||||||||||||
equity in losses from investments in affiliates | -1,500,000 | -2,000,000 | -4,000,000 | ||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interests | -1,000,000 | -2,000,000 | -4,000,000 | -2,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | -1,000,000 | 1,000,000 | |||||||||||||||||||||||||||
net loss attributable to stockholders | -57,000,000 | -98,000,000 | -86,000,000 | -116,000,000 | -190,000,000 | ||||||||||||||||||||||||||||||||
change in fair value of interest rate swap, net of tax expense of 0 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
comprehensive loss | -56,000,000 | -95,750,000 | -79,000,000 | -114,000,000 | -190,000,000 | ||||||||||||||||||||||||||||||||
comprehensive loss attributable to noncontrolling interests | -1,000,000 | -2,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | -1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||
comprehensive loss attributable to stockholders | -57,000,000 | -97,000,000 | -83,000,000 | -116,000,000 | -189,000,000 | ||||||||||||||||||||||||||||||||
loss per share: | |||||||||||||||||||||||||||||||||||||
loss per share – basic | -0.24 | -0.415 | -0.36 | ||||||||||||||||||||||||||||||||||
loss per share – diluted | -0.24 | -0.415 | -0.36 | ||||||||||||||||||||||||||||||||||
acquisition costs | 9,000,000 | 5,000,000 | 59,000,000 | ||||||||||||||||||||||||||||||||||
other loss | -1,750,000 | -5,000,000 | -2,000,000 | -1,500,000 | -3,000,000 | -1,000,000 | -750,000 | -2,000,000 | -1,000,000 | ||||||||||||||||||||||||||||
currency translation adjustment, net of tax expense of 0 | 1,000,000 | 1,000,000 | -1,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||
impairment loss and casualty gain | 5,000,000 | 694,000,000 | |||||||||||||||||||||||||||||||||||
loss per share - basic | -0.49 | -0.81 | |||||||||||||||||||||||||||||||||||
loss per share - diluted | -0.49 | -0.81 | |||||||||||||||||||||||||||||||||||
weighted-average shares outstanding - basic | 236 | 236 | 235 | 236 | 235 | 235 | 238 | 212 | 206 | 201 | 201 | 203 | 200 | 200 | 211 | 211 | 214 | 214 | 202 | ||||||||||||||||||
weighted-average shares outstanding - diluted | 236 | 236 | 236 | 236 | 235 | 235 | 238 | 213 | 207 | 202 | 202 | 204 | 201 | 201 | 212 | 214 | 215 | 215 | 213 | ||||||||||||||||||
other comprehensive loss, net of tax expense: | |||||||||||||||||||||||||||||||||||||
earnings per share - basic | -0.92 | -1.17 | -1.1 | -2.89 | 0.54 | 0.02 | 0.4 | 0.48 | 0.28 | 0.26 | 1.07 | 0.71 | 0.22 | 0.48 | 0.52 | 11.65 | |||||||||||||||||||||
earnings per share - diluted | -0.92 | -1.17 | -1.1 | -2.89 | 0.54 | 0.02 | 0.4 | 0.48 | 0.27 | 0.26 | 1.07 | 0.71 | 0.27 | 0.48 | 0.52 | 11.02 | |||||||||||||||||||||
loss on foreign currency transactions | -2,000,000 | 1,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | -4,000,000 | -4,000,000 | ||||||||||||||||||||||||||||||
casualty loss and impairment loss | -26,000,000 | 8,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||
currency translation adjustment, net of tax expense of 0, 1, 0, 2 | -500,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||
management and franchise fees | 36,000,000 | 33,000,000 | 34,000,000 | 32,000,000 | 39,000,000 | 33,000,000 | 34,000,000 | 34,000,000 | 39,000,000 | 34,000,000 | |||||||||||||||||||||||||||
currency translation adjustment, net of tax expense of 0, 1, 0, 1 | 1,000,000 | ||||||||||||||||||||||||||||||||||||
gain on foreign currency transactions | 1,000,000 | -1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
currency translation adjustment, net of tax expense of 1, 0, 2, and 0 | 9,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||
dividends declared per common share | 0.435 | 0.43 | 0.88 | 0.43 | 0.55 | 0.43 | 0.43 | 0.43 | |||||||||||||||||||||||||||||
other comprehensive income, net of tax benefit: | |||||||||||||||||||||||||||||||||||||
currency translation adjustment, net of tax of 1, 0, 1, and 0 | |||||||||||||||||||||||||||||||||||||
currency translation adjustment | 37,000,000 | ||||||||||||||||||||||||||||||||||||
impairment loss | |||||||||||||||||||||||||||||||||||||
corporate and other | 14,250,000 | 20,000,000 | 19,000,000 | 18,000,000 | |||||||||||||||||||||||||||||||||
currency translation adjustment, net of tax of 0, , 0, and | 5,500,000 | 8,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||
currency translation adjustment, net of tax of 0 and | 7,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||
property and equipment | 6,955,000,000 | 7,174,000,000 | 7,176,000,000 | 7,317,000,000 | 7,398,000,000 | 7,413,000,000 | 7,422,000,000 | 7,441,000,000 | 7,459,000,000 | 8,028,000,000 | 8,002,000,000 | 8,198,000,000 | 8,301,000,000 | 8,292,000,000 | 8,326,000,000 | 8,465,000,000 | 8,511,000,000 | 8,549,000,000 | 8,820,000,000 | 9,125,000,000 | 9,193,000,000 | 9,255,000,000 | 9,323,000,000 | 9,383,000,000 | 9,594,000,000 | 9,986,000,000 | 7,764,000,000 | 7,944,000,000 | 7,975,000,000 | 7,974,000,000 | 7,999,000,000 | 8,051,000,000 | 8,311,000,000 | 8,464,000,000 | 8,495,000,000 | 8,516,000,000 | 8,541,000,000 |
assets held for sale | 14,000,000 | 7,000,000 | 77,000,000 | 71,000,000 | 37,000,000 | ||||||||||||||||||||||||||||||||
contract asset | 868,000,000 | 852,000,000 | 836,000,000 | 820,000,000 | 804,000,000 | 789,000,000 | 774,000,000 | 760,000,000 | |||||||||||||||||||||||||||||
intangibles | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 43,000,000 | 43,000,000 | 43,000,000 | 43,000,000 | 43,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 45,000,000 | 45,000,000 | 45,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 2,000,000 | 2,000,000 | 27,000,000 | 26,000,000 | 27,000,000 | 28,000,000 | 41,000,000 | 42,000,000 | 43,000,000 | 43,000,000 | 44,000,000 |
cash and cash equivalents | 232,000,000 | 278,000,000 | 319,000,000 | 233,000,000 | 402,000,000 | 480,000,000 | 449,000,000 | 378,000,000 | 717,000,000 | 726,000,000 | 797,000,000 | 842,000,000 | 906,000,000 | 971,000,000 | 758,000,000 | 639,000,000 | 688,000,000 | 772,000,000 | 909,000,000 | 868,000,000 | 951,000,000 | 1,134,000,000 | 1,274,000,000 | 1,304,000,000 | 346,000,000 | 321,000,000 | 310,000,000 | 276,000,000 | 410,000,000 | 399,000,000 | 421,000,000 | 172,000,000 | 364,000,000 | 357,000,000 | 306,000,000 | 318,000,000 | 293,000,000 |
restricted cash | 32,000,000 | 31,000,000 | 28,000,000 | 27,000,000 | 38,000,000 | 38,000,000 | 35,000,000 | 32,000,000 | 33,000,000 | 60,000,000 | 45,000,000 | 33,000,000 | 33,000,000 | 29,000,000 | 109,000,000 | 78,000,000 | 75,000,000 | 70,000,000 | 35,000,000 | 32,000,000 | 30,000,000 | 35,000,000 | 35,000,000 | 38,000,000 | 40,000,000 | 43,000,000 | 170,000,000 | 14,000,000 | 15,000,000 | 16,000,000 | 17,000,000 | 108,000,000 | 15,000,000 | 20,000,000 | 18,000,000 | 18,000,000 | 57,000,000 |
accounts receivable | 116,000,000 | 124,000,000 | 129,000,000 | 125,000,000 | 131,000,000 | 124,000,000 | 133,000,000 | 125,000,000 | 112,000,000 | 149,000,000 | 134,000,000 | 130,000,000 | 129,000,000 | 144,000,000 | 149,000,000 | 106,000,000 | 96,000,000 | 62,000,000 | 63,000,000 | 38,000,000 | 26,000,000 | 36,000,000 | 31,000,000 | 113,000,000 | 180,000,000 | 193,000,000 | 186,000,000 | 172,000,000 | 153,000,000 | 176,000,000 | 180,000,000 | 138,000,000 | 125,000,000 | 158,000,000 | 188,000,000 | 180,000,000 | 130,000,000 |
prepaid expenses | 60,000,000 | 55,000,000 | 72,000,000 | 66,000,000 | 69,000,000 | 57,000,000 | 75,000,000 | 62,000,000 | 59,000,000 | 63,000,000 | 83,000,000 | 55,000,000 | 58,000,000 | 40,000,000 | 39,000,000 | 58,000,000 | 35,000,000 | 34,000,000 | 35,000,000 | 35,000,000 | 39,000,000 | 43,000,000 | 43,000,000 | 73,000,000 | 83,000,000 | 76,000,000 | 88,000,000 | 76,000,000 | 82,000,000 | 62,000,000 | 46,000,000 | 54,000,000 | 48,000,000 | 48,000,000 | 53,000,000 | 51,000,000 | 58,000,000 |
other assets | 80,000,000 | 78,000,000 | 69,000,000 | 70,000,000 | 71,000,000 | 38,000,000 | 40,000,000 | 40,000,000 | 40,000,000 | 36,000,000 | 35,000,000 | 42,000,000 | 46,000,000 | 39,000,000 | 38,000,000 | 65,000,000 | 69,000,000 | 34,000,000 | 50,000,000 | 53,000,000 | 60,000,000 | 53,000,000 | 46,000,000 | 46,000,000 | 40,000,000 | 29,000,000 | 45,000,000 | 42,000,000 | 44,000,000 | 42,000,000 | 98,000,000 | 91,000,000 | 83,000,000 | 23,000,000 | 22,000,000 | 28,000,000 | 26,000,000 |
operating lease right-of-use assets | 170,000,000 | 181,000,000 | 184,000,000 | 186,000,000 | 191,000,000 | 177,000,000 | 181,000,000 | 191,000,000 | 197,000,000 | 201,000,000 | 205,000,000 | 210,000,000 | 214,000,000 | 224,000,000 | 228,000,000 | 232,000,000 | 210,000,000 | 215,000,000 | 220,000,000 | 225,000,000 | 229,000,000 | 235,000,000 | 239,000,000 | 244,000,000 | 248,000,000 | 267,000,000 | 207,000,000 | ||||||||||
total assets | 7,700,000,000 | 8,830,000,000 | 8,870,000,000 | 8,901,000,000 | 9,161,000,000 | 9,173,000,000 | 9,166,000,000 | 9,085,000,000 | 9,419,000,000 | 9,305,000,000 | 9,344,000,000 | 9,553,000,000 | 9,731,000,000 | 9,786,000,000 | 9,701,000,000 | 9,703,000,000 | 9,743,000,000 | 9,794,000,000 | 10,266,000,000 | 10,434,000,000 | 10,587,000,000 | 10,853,000,000 | 11,059,000,000 | 11,277,000,000 | 11,290,000,000 | 11,620,000,000 | 9,431,000,000 | 9,394,000,000 | 9,363,000,000 | 9,355,000,000 | 9,451,000,000 | 9,336,000,000 | 9,714,000,000 | 9,803,000,000 | 9,817,000,000 | 9,840,000,000 | 9,834,000,000 |
liabilities and equity | |||||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||
debt | 3,838,000,000 | 3,839,000,000 | 3,840,000,000 | 3,841,000,000 | 3,841,000,000 | 3,855,000,000 | 3,856,000,000 | 3,764,000,000 | 3,765,000,000 | 4,490,000,000 | 4,490,000,000 | 4,566,000,000 | 4,617,000,000 | 4,670,000,000 | 4,671,000,000 | 4,671,000,000 | 4,672,000,000 | 4,670,000,000 | 5,100,000,000 | 5,121,000,000 | 5,121,000,000 | 5,121,000,000 | 5,118,000,000 | 4,870,000,000 | 3,871,000,000 | 4,100,000,000 | 2,949,000,000 | 2,949,000,000 | 2,948,000,000 | 2,948,000,000 | 2,947,000,000 | 2,946,000,000 | 2,961,000,000 | 3,015,000,000 | 3,014,000,000 | 3,012,000,000 | 3,012,000,000 |
debt associated with hotels in receivership | 725,000,000 | 725,000,000 | 725,000,000 | 725,000,000 | 725,000,000 | 725,000,000 | 725,000,000 | 725,000,000 | |||||||||||||||||||||||||||||
accrued interest associated with hotels in receivership | 143,000,000 | 127,000,000 | 111,000,000 | 95,000,000 | 79,000,000 | 64,000,000 | 49,000,000 | 35,000,000 | |||||||||||||||||||||||||||||
accounts payable and accrued expenses | 198,000,000 | 237,000,000 | 237,000,000 | 212,000,000 | 226,000,000 | 240,000,000 | 230,000,000 | 223,000,000 | 210,000,000 | 293,000,000 | 279,000,000 | 244,000,000 | 220,000,000 | 254,000,000 | 211,000,000 | 200,000,000 | 156,000,000 | 204,000,000 | 178,000,000 | 196,000,000 | 147,000,000 | 168,000,000 | 129,000,000 | 188,000,000 | 217,000,000 | 237,000,000 | 208,000,000 | 162,000,000 | 183,000,000 | 198,000,000 | 181,000,000 | 172,000,000 | 215,000,000 | 178,000,000 | 178,000,000 | 174,000,000 | 167,000,000 |
dividends payable | 56,000,000 | 56,000,000 | 55,000,000 | 54,000,000 | 138,000,000 | 57,000,000 | 58,000,000 | 57,000,000 | 362,000,000 | ||||||||||||||||||||||||||||
due to hotel managers | 134,000,000 | 107,000,000 | 114,000,000 | 110,000,000 | 138,000,000 | 111,000,000 | 111,000,000 | 101,000,000 | 131,000,000 | 136,000,000 | 131,000,000 | 117,000,000 | 141,000,000 | 123,000,000 | 124,000,000 | 113,000,000 | 111,000,000 | 96,000,000 | 90,000,000 | 80,000,000 | 88,000,000 | 102,000,000 | 74,000,000 | 103,000,000 | 159,000,000 | 128,000,000 | |||||||||||
other liabilities | 189,000,000 | 182,000,000 | 165,000,000 | 190,000,000 | 179,000,000 | 187,000,000 | 171,000,000 | 206,000,000 | 200,000,000 | 221,000,000 | 203,000,000 | 207,000,000 | 228,000,000 | 177,000,000 | 167,000,000 | 184,000,000 | 165,000,000 | 115,000,000 | 107,000,000 | 134,000,000 | 134,000,000 | 124,000,000 | 123,000,000 | 241,000,000 | 282,000,000 | 241,000,000 | 204,000,000 | 213,000,000 | 332,000,000 | 198,000,000 | 285,000,000 | 211,000,000 | 232,000,000 | 210,000,000 | 194,000,000 | 202,000,000 | 94,000,000 |
operating lease liabilities | 209,000,000 | 215,000,000 | 219,000,000 | 222,000,000 | 225,000,000 | 212,000,000 | 215,000,000 | 218,000,000 | 223,000,000 | 225,000,000 | 228,000,000 | 231,000,000 | 234,000,000 | 243,000,000 | 247,000,000 | 250,000,000 | 227,000,000 | 232,000,000 | 236,000,000 | 240,000,000 | 244,000,000 | 249,000,000 | 253,000,000 | 257,000,000 | 260,000,000 | 284,000,000 | 200,000,000 | ||||||||||
total liabilities | 4,624,000,000 | 5,504,000,000 | 5,482,000,000 | 5,465,000,000 | 5,567,000,000 | 5,466,000,000 | 5,430,000,000 | 5,343,000,000 | 5,651,000,000 | 5,365,000,000 | 5,331,000,000 | 5,365,000,000 | 5,440,000,000 | 5,467,000,000 | 5,420,000,000 | 5,418,000,000 | 5,340,000,000 | 5,326,000,000 | 5,721,000,000 | 5,781,000,000 | 5,744,000,000 | 5,798,000,000 | 5,733,000,000 | 5,694,000,000 | 4,839,000,000 | 5,167,000,000 | 3,855,000,000 | 3,814,000,000 | 3,777,000,000 | 3,627,000,000 | 3,694,000,000 | 3,621,000,000 | 3,752,000,000 | 3,780,000,000 | 3,816,000,000 | 3,869,000,000 | 6,011,000,000 |
commitments and contingencies – refer to note 15 | |||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||
common stock, par value 0.01 per share... | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | |
additional paid-in capital | 4,031,000,000 | 4,027,000,000 | 4,022,000,000 | 4,017,000,000 | 4,063,000,000 | 4,103,000,000 | 4,133,000,000 | 4,154,000,000 | 4,156,000,000 | 4,151,000,000 | 4,221,000,000 | 4,216,000,000 | 4,321,000,000 | 4,325,000,000 | 4,321,000,000 | 4,473,000,000 | 4,533,000,000 | 4,529,000,000 | 4,525,000,000 | 4,520,000,000 | 4,519,000,000 | 4,512,000,000 | 4,508,000,000 | 4,504,000,000 | 4,575,000,000 | 4,572,000,000 | 3,591,000,000 | 3,588,000,000 | 3,589,000,000 | 3,585,000,000 | 3,581,000,000 | 3,578,000,000 | 3,825,000,000 | 3,827,000,000 | 3,823,000,000 | 3,820,000,000 | |
accumulated deficit | -902,000,000 | -647,000,000 | -580,000,000 | -525,000,000 | -420,000,000 | -353,000,000 | -355,000,000 | -367,000,000 | -142,000,000 | ||||||||||||||||||||||||||||
total stockholders’ equity | 3,131,000,000 | 3,382,000,000 | 3,444,000,000 | 3,494,000,000 | |||||||||||||||||||||||||||||||||
noncontrolling interests | -55,000,000 | -56,000,000 | -56,000,000 | -58,000,000 | -51,000,000 | -45,000,000 | -44,000,000 | -47,000,000 | -46,000,000 | -44,000,000 | -45,000,000 | -49,000,000 | -48,000,000 | -46,000,000 | -48,000,000 | -48,000,000 | -49,000,000 | -47,000,000 | -49,000,000 | -51,000,000 | -50,000,000 | -49,000,000 | -49,000,000 | -47,000,000 | -45,000,000 | -44,000,000 | -46,000,000 | -48,000,000 | -46,000,000 | -46,000,000 | -49,000,000 | -50,000,000 | -49,000,000 | -47,000,000 | -48,000,000 | -49,000,000 | -49,000,000 |
total equity | 3,076,000,000 | 3,326,000,000 | 3,388,000,000 | 3,436,000,000 | 3,594,000,000 | 3,707,000,000 | 3,736,000,000 | 3,742,000,000 | 3,768,000,000 | 3,940,000,000 | 4,013,000,000 | 4,188,000,000 | 4,291,000,000 | 4,319,000,000 | 4,281,000,000 | 4,285,000,000 | 4,403,000,000 | 4,468,000,000 | 4,545,000,000 | 4,653,000,000 | 4,843,000,000 | 5,055,000,000 | 5,326,000,000 | 5,583,000,000 | 6,451,000,000 | 6,453,000,000 | 5,576,000,000 | 5,580,000,000 | 5,586,000,000 | 5,728,000,000 | 5,757,000,000 | 5,715,000,000 | 5,962,000,000 | 6,023,000,000 | 6,001,000,000 | 5,971,000,000 | 3,823,000,000 |
total liabilities and equity | 7,700,000,000 | 8,830,000,000 | 8,870,000,000 | 8,901,000,000 | 9,161,000,000 | 9,173,000,000 | 9,166,000,000 | 9,085,000,000 | 9,419,000,000 | 9,305,000,000 | 9,344,000,000 | 9,553,000,000 | 9,731,000,000 | 9,786,000,000 | 9,701,000,000 | 9,703,000,000 | 9,743,000,000 | 9,794,000,000 | 10,266,000,000 | 10,434,000,000 | 10,587,000,000 | 10,853,000,000 | 11,059,000,000 | 11,277,000,000 | 11,290,000,000 | 11,620,000,000 | 9,431,000,000 | 9,394,000,000 | 9,363,000,000 | 9,355,000,000 | 9,451,000,000 | 9,336,000,000 | 9,714,000,000 | 9,803,000,000 | 9,817,000,000 | 9,840,000,000 | 9,834,000,000 |
commitments and contingencies – refer to note 12 | |||||||||||||||||||||||||||||||||||||
commitments and contingencies – refer to note 10 | |||||||||||||||||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||||||||||||||
total stockholders' equity | 3,645,000,000 | 3,752,000,000 | 3,780,000,000 | 3,789,000,000 | 3,814,000,000 | 3,984,000,000 | 4,058,000,000 | 4,237,000,000 | 4,339,000,000 | 4,365,000,000 | 4,329,000,000 | 4,333,000,000 | 4,452,000,000 | 4,515,000,000 | 4,594,000,000 | 4,704,000,000 | 4,893,000,000 | 5,104,000,000 | 5,375,000,000 | 5,630,000,000 | 6,496,000,000 | 6,497,000,000 | 5,622,000,000 | 5,628,000,000 | 5,632,000,000 | 5,774,000,000 | 5,806,000,000 | 5,765,000,000 | 6,011,000,000 | 6,070,000,000 | 6,049,000,000 | 6,020,000,000 | |||||
commitments and contingencies – refer to note 11 | |||||||||||||||||||||||||||||||||||||
(accumulated deficit) retained earnings | -344,000,000 | -169,000,000 | -165,000,000 | -83,000,000 | -16,000,000 | ||||||||||||||||||||||||||||||||
retained earnings | 19,000,000 | 16,000,000 | 38,000,000 | 6,000,000 | 70,000,000 | 185,000,000 | 376,000,000 | 595,000,000 | 871,000,000 | 1,129,000,000 | 1,922,000,000 | 1,931,000,000 | 2,034,000,000 | 2,044,000,000 | 2,047,000,000 | 2,196,000,000 | 2,231,000,000 | 2,193,000,000 | 2,229,000,000 | 2,286,000,000 | 2,277,000,000 | 2,258,000,000 | |||||||||||||||
investments in affiliates | 1,000,000 | 4,000,000 | 4,000,000 | 16,000,000 | 15,000,000 | 14,000,000 | 13,000,000 | 14,000,000 | 14,000,000 | 17,000,000 | 23,000,000 | 30,000,000 | 35,000,000 | 52,000,000 | 52,000,000 | 49,000,000 | 50,000,000 | 53,000,000 | 56,000,000 | 87,000,000 | 84,000,000 | 85,000,000 | 87,000,000 | 82,000,000 | 81,000,000 | ||||||||||||
commitments and contingencies - refer to note 11 | |||||||||||||||||||||||||||||||||||||
commitments and contingencies - refer to note 10 | |||||||||||||||||||||||||||||||||||||
deferred income tax liabilities | 9,000,000 | 9,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 34,000,000 | 36,000,000 | 35,000,000 | 50,000,000 | 42,000,000 | 42,000,000 | 41,000,000 | 42,000,000 | 32,000,000 | 36,000,000 | 46,000,000 | 65,000,000 | 74,000,000 | 123,000,000 | 146,000,000 | 2,437,000,000 | ||||||||||||||||
commitments and contingencies - refer to note 15 | |||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -3,000,000 | -3,000,000 | -4,000,000 | -5,000,000 | -6,000,000 | -5,000,000 | -3,000,000 | -8,000,000 | -5,000,000 | -6,000,000 | -6,000,000 | -9,000,000 | -8,000,000 | -8,000,000 | -45,000,000 | -45,000,000 | -53,000,000 | -60,000,000 | -67,000,000 | ||||||||||||||||||
commitments and contingencies - refer to note 13 | |||||||||||||||||||||||||||||||||||||
goodwill | 607,000,000 | 607,000,000 | 607,000,000 | 607,000,000 | 607,000,000 | 607,000,000 | 607,000,000 | 607,000,000 | 606,000,000 | 606,000,000 | 605,000,000 | 604,000,000 | 604,000,000 | ||||||||||||||||||||||||
due to hilton grand vacations | 135,000,000 | 135,000,000 | 135,000,000 | 135,000,000 | 135,000,000 | 138,000,000 | 138,000,000 | 138,000,000 | 206,000,000 | 210,000,000 | 210,000,000 | ||||||||||||||||||||||||||
commitments and contingencies - refer to note 16 | |||||||||||||||||||||||||||||||||||||
due to hotel manager | 117,000,000 | 110,000,000 | 137,000,000 | 116,000,000 | 107,000,000 | 108,000,000 | 141,000,000 | 97,000,000 | 97,000,000 | 125,000,000 | 91,000,000 | ||||||||||||||||||||||||||
operating lease right-of-use asset | 212,000,000 | ||||||||||||||||||||||||||||||||||||
operating lease liability | 204,000,000 | ||||||||||||||||||||||||||||||||||||
commitments and contingencies - refer to note 12 | |||||||||||||||||||||||||||||||||||||
commitments and contingencies - refer to note 17 | |||||||||||||||||||||||||||||||||||||
net parent investment | 3,939,000,000 | ||||||||||||||||||||||||||||||||||||
due to hilton affiliates | 210,000,000 | ||||||||||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||
total parent equity | 3,872,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||||||||||||||
net income | -204,000,000 | -14,000,000 | -2,000,000 | -57,000,000 | 73,000,000 | 57,000,000 | 67,000,000 | 29,000,000 | 188,000,000 | 31,000,000 | -146,000,000 | 33,000,000 | 35,000,000 | 40,000,000 | -218,000,000 | -276,000,000 | -261,000,000 | -689,000,000 | 126,000,000 | 9,000,000 | 84,000,000 | 97,000,000 | 55,000,000 | 55,000,000 | 218,000,000 | 149,000,000 | 61,000,000 | 105,000,000 | 115,000,000 | 2,350,000,000 | ||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||
depreciation and amortization | 67,000,000 | 78,000,000 | 122,000,000 | 69,000,000 | 65,000,000 | 63,000,000 | 64,000,000 | 65,000,000 | 94,000,000 | 65,000,000 | 64,000,000 | 64,000,000 | 65,000,000 | 67,000,000 | 68,000,000 | 69,000,000 | 68,000,000 | 68,000,000 | 71,000,000 | 74,000,000 | 73,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 80,000,000 | 61,000,000 | 61,000,000 | 62,000,000 | 69,000,000 | 69,000,000 | 69,000,000 | 70,000,000 | 71,000,000 | 74,000,000 | 73,000,000 | 70,000,000 |
gain on sales of assets | -1,000,000 | 0 | -15,000,000 | 0 | 1,000,000 | -1,000,000 | -62,000,000 | 1,000,000 | -1,000,000 | 12,000,000 | -31,000,000 | 2,000,000 | -2,000,000 | -7,000,000 | -89,000,000 | |||||||||||||||||||||
gain on derecognition of assets | -10,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -15,000,000 | -15,000,000 | -14,000,000 | ||||||||||||||||||||||||||||
impairment loss | 248,000,000 | 0 | 0 | 70,000,000 | ||||||||||||||||||||||||||||||||
equity in earnings from investments in affiliates | -2,000,000 | 0 | -2,000,000 | -28,000,000 | -2,000,000 | -3,000,000 | -4,000,000 | 1,000,000 | 4,000,000 | -3,000,000 | -10,000,000 | -5,000,000 | -2,000,000 | -4,000,000 | -8,000,000 | -4,000,000 | -22,000,000 | -6,000,000 | -8,000,000 | -4,000,000 | ||||||||||||||||
other loss | -16,000,000 | 1,000,000 | 0 | 0 | 2,000,000 | 1,000,000 | 0 | 5,000,000 | 9,000,000 | 3,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | |||||||||||||||||||||||
share-based compensation expense | 5,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 6,000,000 | 10,000,000 | 4,000,000 | 4,000,000 | 2,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | ||
amortization of deferred financing costs | 3,000,000 | 2,000,000 | 1,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||
distributions from unconsolidated affiliates | 4,000,000 | 3,000,000 | 4,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 6,000,000 | 1,000,000 | 0 | 0 | 0 | 1,000,000 | 4,000,000 | 6,000,000 | 3,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 5,000,000 | 1,000,000 | 5,000,000 | 7,000,000 | 3,000,000 | 4,000,000 | |||||||||||
deferred income taxes | 0 | -49,000,000 | 0 | 0 | -32,000,000 | 0 | -1,000,000 | -17,000,000 | 0 | 2,000,000 | -5,000,000 | -18,000,000 | -48,000,000 | -24,000,000 | -2,288,000,000 | |||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||
accounts receivable | ||||||||||||||||||||||||||||||||||||
prepaid expenses | ||||||||||||||||||||||||||||||||||||
other assets | ||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | ||||||||||||||||||||||||||||||||||||
due to hotel managers | ||||||||||||||||||||||||||||||||||||
other liabilities | ||||||||||||||||||||||||||||||||||||
other | ||||||||||||||||||||||||||||||||||||
net cash from operating activities | 105,000,000 | 99,000,000 | 108,000,000 | 86,000,000 | 80,000,000 | 140,000,000 | 117,000,000 | 92,000,000 | 126,000,000 | 127,000,000 | 146,000,000 | 104,000,000 | 70,000,000 | 148,000,000 | 147,000,000 | 44,000,000 | -42,000,000 | 66,000,000 | -90,000,000 | -71,000,000 | -164,000,000 | -116,000,000 | -145,000,000 | -13,000,000 | 150,000,000 | 105,000,000 | 172,000,000 | 72,000,000 | 149,000,000 | 147,000,000 | 105,000,000 | 43,000,000 | 195,000,000 | 184,000,000 | 133,000,000 | 141,000,000 |
capital expenditures | -108,000,000 | -68,000,000 | -43,000,000 | -77,000,000 | -63,000,000 | -43,000,000 | -51,000,000 | -70,000,000 | -90,000,000 | -71,000,000 | -70,000,000 | -54,000,000 | -64,000,000 | -52,000,000 | -31,000,000 | -21,000,000 | -26,000,000 | -15,000,000 | -8,000,000 | -5,000,000 | -16,000,000 | -14,000,000 | -30,000,000 | -26,000,000 | -58,000,000 | -62,000,000 | -56,000,000 | -64,000,000 | -55,000,000 | -47,000,000 | -33,000,000 | -53,000,000 | -60,000,000 | -39,000,000 | -49,000,000 | -37,000,000 |
free cash flows | -3,000,000 | 31,000,000 | 65,000,000 | 9,000,000 | 17,000,000 | 97,000,000 | 66,000,000 | 22,000,000 | 36,000,000 | 56,000,000 | 76,000,000 | 50,000,000 | 6,000,000 | 96,000,000 | 116,000,000 | 23,000,000 | -68,000,000 | 51,000,000 | -98,000,000 | -76,000,000 | -180,000,000 | -130,000,000 | -175,000,000 | -39,000,000 | 92,000,000 | 43,000,000 | 116,000,000 | 8,000,000 | 94,000,000 | 100,000,000 | 72,000,000 | -10,000,000 | 135,000,000 | 145,000,000 | 84,000,000 | 104,000,000 |
investing activities: | ||||||||||||||||||||||||||||||||||||
capital expenditures for property and equipment | -108,000,000 | -68,000,000 | -43,000,000 | -77,000,000 | -63,000,000 | -43,000,000 | -51,000,000 | -70,000,000 | -90,000,000 | -71,000,000 | -70,000,000 | -54,000,000 | -64,000,000 | -52,000,000 | -31,000,000 | -21,000,000 | -26,000,000 | -15,000,000 | -8,000,000 | -5,000,000 | -16,000,000 | -14,000,000 | -30,000,000 | -26,000,000 | -58,000,000 | -62,000,000 | -56,000,000 | -64,000,000 | -55,000,000 | -47,000,000 | -33,000,000 | -53,000,000 | -60,000,000 | -39,000,000 | -49,000,000 | -37,000,000 |
acquisitions | 0 | 0 | 0 | -11,000,000 | ||||||||||||||||||||||||||||||||
proceeds from asset dispositions | 0 | 0 | 0 | 0 | 0 | 116,000,000 | 0 | 45,000,000 | 0 | 286,000,000 | 0 | 0 | 2,000,000 | 205,000,000 | 199,000,000 | 1,000,000 | 164,000,000 | 65,000,000 | 0 | 1,000,000 | 8,000,000 | 360,000,000 | ||||||||||||||
proceeds from the sale of investments in affiliates | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||
reduction of restricted cash from derecognition of assets | ||||||||||||||||||||||||||||||||||||
contributions to unconsolidated affiliates | -4,000,000 | -6,000,000 | 0 | -2,000,000 | -2,000,000 | -1,000,000 | 0 | -3,000,000 | -2,000,000 | -2,000,000 | 0 | |||||||||||||||||||||||||
net cash from investing activities | -96,000,000 | -68,000,000 | 32,000,000 | -77,000,000 | -32,000,000 | -13,000,000 | -51,000,000 | -70,000,000 | -126,000,000 | -71,000,000 | -69,000,000 | 49,000,000 | -53,000,000 | -7,000,000 | 168,000,000 | -21,000,000 | -31,000,000 | 271,000,000 | 157,000,000 | -3,000,000 | -17,000,000 | -14,000,000 | -30,000,000 | 180,000,000 | 220,000,000 | -966,000,000 | 109,000,000 | 2,000,000 | -54,000,000 | 6,000,000 | 142,000,000 | 325,000,000 | -40,000,000 | -39,000,000 | -49,000,000 | -37,000,000 |
financing activities: | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of senior notes | 0 | 0 | ||||||||||||||||||||||||||||||||||
repurchase or redemption of senior notes | 0 | 0 | ||||||||||||||||||||||||||||||||||
borrowings from credit facilities | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
repayments of credit facilities | 0 | 0 | 0 | -50,000,000 | 0 | -432,000,000 | 0 | |||||||||||||||||||||||||||||
repayments of mortgage debt | -3,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -16,000,000 | -2,000,000 | -3,000,000 | -1,000,000 | -1,000,000 | -2,000,000 | -78,000,000 | -2,000,000 | -28,000,000 | -2,000,000 | -32,000,000 | -2,000,000 | -2,000,000 | -4,000,000 | -13,000,000 | -1,000,000 | ||||||||||||||||
debt issuance costs | -1,000,000 | 0 | 0 | 0 | 0 | 0 | -1,000,000 | -8,000,000 | 0 | 0 | -3,000,000 | 0 | 0 | 0 | -24,000,000 | |||||||||||||||||||||
dividends paid | -50,000,000 | -49,000,000 | -50,000,000 | -131,000,000 | -53,000,000 | -52,000,000 | -52,000,000 | -355,000,000 | -32,000,000 | -32,000,000 | -32,000,000 | -56,000,000 | -2,000,000 | -3,000,000 | 0 | 0 | -105,000,000 | -136,000,000 | -112,000,000 | -91,000,000 | -90,000,000 | -201,000,000 | -85,000,000 | -175,000,000 | -85,000,000 | -119,000,000 | -92,000,000 | -92,000,000 | -92,000,000 | -110,000,000 | ||||||
distributions to noncontrolling interests | 0 | -2,000,000 | -1,000,000 | -7,000,000 | -1,000,000 | -4,000,000 | 0 | -2,000,000 | -3,000,000 | -3,000,000 | 0 | -1,000,000 | -3,000,000 | -3,000,000 | -4,000,000 | 0 | 0 | 0 | -1,000,000 | -4,000,000 | -2,000,000 | 0 | -3,000,000 | -1,000,000 | 0 | -3,000,000 | -1,000,000 | |||||||||
tax withholdings on share-based compensation | 0 | 0 | 0 | -4,000,000 | 0 | 0 | -1,000,000 | -4,000,000 | 0 | 0 | 0 | -2,000,000 | 0 | 0 | 0 | -3,000,000 | 0 | -1,000,000 | 2,000,000 | -6,000,000 | -5,000,000 | 1,000,000 | 0 | -6,000,000 | 0 | -1,000,000 | -1,000,000 | -5,000,000 | 0 | 0 | -1,000,000 | -1,000,000 | -1,000,000 | 0 | ||
repurchase of common stock | 0 | 0 | 0 | -45,000,000 | -56,000,000 | -35,000,000 | 0 | -75,000,000 | 0 | -105,000,000 | -9,000,000 | 0 | -157,000,000 | -61,000,000 | 0 | 0 | 0 | -66,000,000 | 0 | 0 | 0 | -348,000,000 | ||||||||||||||
net cash from financing activities | -54,000,000 | -69,000,000 | -53,000,000 | -189,000,000 | -126,000,000 | -93,000,000 | 8,000,000 | -362,000,000 | -36,000,000 | -112,000,000 | -110,000,000 | -217,000,000 | -78,000,000 | -8,000,000 | -165,000,000 | -69,000,000 | -6,000,000 | -439,000,000 | -23,000,000 | -7,000,000 | -7,000,000 | -10,000,000 | 142,000,000 | 789,000,000 | -348,000,000 | 745,000,000 | -91,000,000 | -209,000,000 | -86,000,000 | -175,000,000 | -87,000,000 | -468,000,000 | -144,000,000 | -95,000,000 | -96,000,000 | -124,000,000 |
net decrease in cash and cash equivalents and restricted cash | -45,000,000 | -38,000,000 | 87,000,000 | -180,000,000 | 34,000,000 | 74,000,000 | -340,000,000 | -64,000,000 | -46,000,000 | -135,000,000 | -99,000,000 | |||||||||||||||||||||||||
cash and cash equivalents and restricted cash, beginning of period | 0 | 0 | 0 | 440,000,000 | 0 | 0 | 0 | 750,000,000 | 0 | 0 | 0 | 939,000,000 | 0 | 0 | 0 | 763,000,000 | 0 | 0 | 0 | 981,000,000 | 0 | 0 | 0 | 386,000,000 | 0 | 0 | 0 | 425,000,000 | 0 | 0 | 0 | 379,000,000 | ||||
cash and cash equivalents and restricted cash, end of period | -45,000,000 | -38,000,000 | 87,000,000 | 260,000,000 | -78,000,000 | 34,000,000 | 74,000,000 | 410,000,000 | -36,000,000 | -56,000,000 | -33,000,000 | 875,000,000 | -61,000,000 | 133,000,000 | 150,000,000 | 717,000,000 | -79,000,000 | -102,000,000 | 44,000,000 | 900,000,000 | -188,000,000 | -140,000,000 | -33,000,000 | 1,342,000,000 | 22,000,000 | -116,000,000 | 190,000,000 | 290,000,000 | 10,000,000 | -23,000,000 | 158,000,000 | 280,000,000 | ||||
changes in operating assets and liabilities | 36,000,000 | -1,000,000 | 13,000,000 | 52,000,000 | -4,000,000 | 3,000,000 | 23,000,000 | 20,000,000 | 13,000,000 | 47,000,000 | 6,000,000 | 25,000,000 | 54,000,000 | -57,000,000 | 34,000,000 | 65,000,000 | 23,000,000 | -40,000,000 | 22,000,000 | 11,000,000 | -60,000,000 | 16,000,000 | -75,000,000 | -83,000,000 | ||||||||||||
supplemental disclosures | ||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | ||||||||||||||||||||||||||||||||||||
accrued capital expenditures | 8,000,000 | 12,000,000 | 18,000,000 | |||||||||||||||||||||||||||||||||
dividends declared but unpaid | 0 | 0 | 50,000,000 | -1,000,000 | 0 | 52,000,000 | -1,000,000 | 0 | 32,000,000 | 0 | 0 | 2,000,000 | 106,000,000 | 17,000,000 | 0 | 90,000,000 | -91,000,000 | 91,000,000 | 86,000,000 | 0 | 0 | 92,000,000 | ||||||||||||||
proceeds from issuance of mortgage debt | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents and restricted cash | -36,000,000 | -56,000,000 | -61,000,000 | 133,000,000 | -79,000,000 | -102,000,000 | 44,000,000 | -81,000,000 | -188,000,000 | -140,000,000 | -33,000,000 | 956,000,000 | 22,000,000 | -116,000,000 | 10,000,000 | -23,000,000 | ||||||||||||||||||||
impairment and casualty loss | 0 | 7,000,000 | 5,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||
non-cash financing activities: | ||||||||||||||||||||||||||||||||||||
loss on sale of assets | ||||||||||||||||||||||||||||||||||||
equity in losses from investments in affiliates | -9,000,000 | -1,000,000 | 1,000,000 | 0 | 2,000,000 | 4,000,000 | 6,000,000 | |||||||||||||||||||||||||||||
insurance proceeds for property damage claims | 0 | 0 | 0 | 4,000,000 | 0 | 0 | 0 | 1,000,000 | 29,000,000 | 8,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 52,000,000 | 17,000,000 | 18,000,000 | ||||||||||||||||||||
purchase of investment security | ||||||||||||||||||||||||||||||||||||
borrowing from credit facilities | ||||||||||||||||||||||||||||||||||||
other gain | -1,000,000 | -1,000,000 | -45,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||
loss on sales of assets | 0 | -14,000,000 | 0 | |||||||||||||||||||||||||||||||||
casualty loss | 1,000,000 | |||||||||||||||||||||||||||||||||||
casualty and impairment loss | 2,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||
proceeds from issuance of senior secured notes | 0 | 0 | 0 | 724,000,000 | ||||||||||||||||||||||||||||||||
net loss | -56,000,000 | -82,000,000 | -114,000,000 | -191,000,000 | ||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||
impairment loss and casualty loss | ||||||||||||||||||||||||||||||||||||
acquisitions, net of cash and restricted cash acquired | -1,000,000 | |||||||||||||||||||||||||||||||||||
proceeds from the issuance of mortgage debt | ||||||||||||||||||||||||||||||||||||
impairment loss and casualty gain | 0 | 694,000,000 | ||||||||||||||||||||||||||||||||||
due to hotel manager | ||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents and restricted cash | 1,000,000 | -1,000,000 | -2,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||
repayment of mortgage debt | 0 | |||||||||||||||||||||||||||||||||||
issuance of common shares in connection with the acquisition of chesapeake lodging trust | ||||||||||||||||||||||||||||||||||||
assumption of mortgage loans in connection with acquisitions | ||||||||||||||||||||||||||||||||||||
equity in loss (earnings) from investments in affiliates | ||||||||||||||||||||||||||||||||||||
borrowings on revolver | ||||||||||||||||||||||||||||||||||||
repayments of revolver | ||||||||||||||||||||||||||||||||||||
repayment of 2016 term loan | ||||||||||||||||||||||||||||||||||||
loss on foreign currency transactions | 2,000,000 | -1,000,000 | -1,000,000 | 1,000,000 | 0 | 1,000,000 | ||||||||||||||||||||||||||||||
borrowings under revolver | 1,000,000,000 | |||||||||||||||||||||||||||||||||||
repayment of debt | -2,000,000 | |||||||||||||||||||||||||||||||||||
casualty loss and impairment loss | -26,000,000 | 0 | ||||||||||||||||||||||||||||||||||
investments in affiliates | 0 | 0 | 0 | -1,000,000 | ||||||||||||||||||||||||||||||||
borrowings under credit facilities | 0 | |||||||||||||||||||||||||||||||||||
payments of deferred financing costs | 0 | |||||||||||||||||||||||||||||||||||
net transfers to parent | ||||||||||||||||||||||||||||||||||||
non-cash investing activities: | ||||||||||||||||||||||||||||||||||||
transfer of property and equipment to hilton grand vacations | ||||||||||||||||||||||||||||||||||||
gain on foreign currency transactions | -1,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||
contribution from parent | ||||||||||||||||||||||||||||||||||||
borrowings | ||||||||||||||||||||||||||||||||||||
net transfers (to) from parent | 0 | 0 | 0 | -9,000,000 | ||||||||||||||||||||||||||||||||
cash dividends paid to parent | ||||||||||||||||||||||||||||||||||||
dividends paid in stock | 0 | 0 | 441,000,000 | |||||||||||||||||||||||||||||||||
gain on sale of assets | ||||||||||||||||||||||||||||||||||||
changes in working capital and other | 44,000,000 | -39,000,000 | 9,000,000 | |||||||||||||||||||||||||||||||||
change in restricted cash | ||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | 1,000,000 | 0 | 1,000,000 | |||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 51,000,000 | -12,000,000 | -19,000,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 337,000,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 51,000,000 | -12,000,000 | 318,000,000 | |||||||||||||||||||||||||||||||||
distribution to parent | ||||||||||||||||||||||||||||||||||||
acquisitions, net of cash acquired | ||||||||||||||||||||||||||||||||||||
payments received from notes receivable | ||||||||||||||||||||||||||||||||||||
proceeds from sales-leaseback transaction | ||||||||||||||||||||||||||||||||||||
cash contribution from parent | ||||||||||||||||||||||||||||||||||||
capital contribution from hilton affiliate | ||||||||||||||||||||||||||||||||||||
net transfers from (to) parent |