Park Hotels & Resorts Inc. (PK) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues
Total revenues	2,501	1,362	852	2,844	2,737	2,791	2,727	2,688
Total revenues growth	83.6%	59.9%	-70.0%	3.9%	-1.9%	2.3%	1.5%
Operating expenses
Expenses
Other property-level	223	191	258	219	207	206	193	180
Management fees	115	59	30
Depreciation and amortization	269	281	298	264	277	288	300	287
Corporate general and administrative	63	62	63	62	65	68	71	83
Other	72	49	36	78	73	63	19	16
Total expenses	2,218	1,536	2,116	2,437	2,329	2,421	2,309	4,544
(Loss) gain on sales of assets, net	13	-5	62	19	96	1	1	143
Operating (loss) income	296	-179	-1,202	426	504	371	419	586
Operating margin	11.8%	-13.1%	-141.1%	15.0%	18.4%	13.3%	15.4%	21.8%
Interest income	13	1	2	6	6	2	2	1
Interest expense	-247.0	-258.0	-213.0	-140.0	-127.0	-124.0	-181.0	-186.0
Equity in earnings from investments in affiliates	15	-7	-22	14	18	40	3	22
Other gain, net	96	-7	-15	45	99		-25	-6
(Loss) income before income taxes	173	-450	-1,450	351	500	285	221	417
Income tax expense		-2.0	6.0	-35.0	-23.0	2,346.0	-82.0	-118.0
Net (loss) income	173	-452	-1,444	316	477	2,631	139	299
Net income attributable to noncontrolling interests	-11.0	-7.0	4.0	-10.0	-5.0	-6.0	-6.0	-7.0
Net (loss) income attributable to stockholders	162	-459	-1,440	306	472	2,625	133	292

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
Total other comprehensive income
Comprehensive income (loss)
Comprehensive income attributable to noncontrolling interests
Comprehensive income (loss) attributable to stockholders
(Loss) earnings per share:
(Loss) earnings per share - Basic	$0.71	($1.95)	($6.11)	$1.44	$2.32	$12.38	$0.67	$1.48
(Loss) earnings per share - Diluted	$0.71	($1.95)	($6.11)	$1.44	$2.31	$12.21	$0.67	$1.48

Weighted average shares outstanding - Basic	228	236	236	212	203	211	198	198
Weighted average shares outstanding - Diluted	228	236	236	213	204	214	198	198