ASHFORD HOSPITALITY TRUST, INC. AHT Income Statement

Ashford hospitality trust, inc. (AHT)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenue
Revenue from Contract with Customer, Excluding Assessed Tax
1,502,759	1,430,789	1,439,270	1,492,043	1,336,966	794,849	939,527	919,657	859,978	808,928	837,684
Rental income from operating leases
-	-	-	-	-	-	-	-	5,341	5,435	5,650
Advisory services revenue
-	-	-	-	-	10,724	1,047	0	0	-	-
Interest income from notes receivable
-	-	-	-	-	-	-	-	-	1,378	10,876
Other
-	-	-	-	-	-	-	-	-	425	-
Expenses
Hotel operating expenses:
Total hotel operating expenses
952,674	900,582	907,301	938,399	840,244	507,024	594,522	588,582	552,933	527,186	550,482
Property taxes, insurance and other
84,110	78,355	73,579	73,457	65,301	38,499	46,945	44,779	45,085	46,931	53,097
Depreciation and amortization
269,003	258,458	246,731	243,863	210,410	110,653	127,684	133,571	131,243	128,917	138,620
Impairment charges
33,600	23,400	10,200	17,816	19,511	415	396	5,349	4,841	6,501	148,679
Gain (loss) on insurance settlement
-	-	-	-	-	5	270	91	2,035	0	1,329
Transaction costs
2	11	14	77	6,252	625	1,324	0	-793	7,001	-
Advisory services fee
63,632	69,122	53,199	54,361	43,023	4,533	0	0	-	-	-
Corporate, general and administrative
11,107	10,931	13,288	8,366	14,310	57,243	52,821	44,050	44,522	30,619	29,951
Costs and Expenses
1,414,156	1,340,850	1,304,265	1,336,339	1,199,051	718,157	822,630	805,542	766,114	747,155	919,500
Gain (loss) on sale of assets and hotel properties
26,126	475	14,030	31,599	380,752	-	-	-	-	-	-
Operating Income (Loss)
114,729	90,414	149,035	187,303	137,915	76,692	116,897	114,115	93,864	61,773	-81,816
Equity in earnings (loss) of unconsolidated entities
-2,307	867	-5,866	-6,110	-6,831	2,495	-23,404	-20,833	14,528	-20,265	2,486
Interest income
3,067	3,952	2,202	331	90	62	71	125	85	283	297
Gain (loss) on acquisition of PIM Highland JV and sale of hotel properties
-	-	-	-	-	0	0	-	-	-	-
Other Nonoperating Income (Expense)
10,490	64	-3,422	-4,517	-864	6,573	5,650	31,700	109,524	62,826	56,556
Interest Expense, Debt
262,001	236,786	222,631	223,967	187,514	114,502	140,865	144,339	137,212	139,288	132,997
Write-off of premiums, loan costs and exit fees
2,841	8,847	2,845	12,702	5,750	10,353	2,098	3,998	729	3,893	-371
Unrealized gain (loss) on marketable securities
1,896	-1,013	-4,649	4,946	127	-332	5,115	2,502	-391	0	-
Income from financing derivatives
-	-	-	-	-	-	-	-	-	-	52,282
Unrealized Gain (Loss) on Derivatives
-4,494	-2,178	-2,802	-2,534	-7,402	-1,100	-8,315	-35,657	-70,286	12,284	-31,782
Income (loss) before income taxes
-141,461	-153,527	-90,978	-57,250	310,523	-40,465	-46,949	-56,385	9,383	-26,280	-186,885
Income Tax Expense (Benefit)
1,218	2,782	-2,218	1,532	4,710	1,266	1,511	2,375	1,620	-155	1,508
Income (loss) from continuing operations
-	-	-	-	305,813	-41,731	-48,460	-58,760	7,763	-26,125	-188,393
Income (loss) from discontinued operations
-	-	-	-	-	33	-98	-3,448	-7,880	-35,667	-100,267
Gain (loss) on sale of hotel properties, net of tax
-	-	-	-	599	3,491	0	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-142,679	-156,309	-88,760	-58,782	306,412	-38,207	-48,558	-62,208	-117	-61,792	-288,660
(Income) loss from consolidated entities attributable to noncontrolling interests
-112	-30	-110	-14	-30	-406	908	868	610	-1,683	-765
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership
-28,932	-29,313	-21,642	-12,483	35,503	-6,400	8,183	-9,296	-2,836	-8,369	-37,653
Net Income (Loss) Attributable to Parent
-113,635	-126,966	-67,008	-46,285	270,939	-31,401	-41,283	-53,780	2,109	-51,740	-250,242
Preferred Stock Dividends, Income Statement Impact
42,577	42,577	44,761	36,272	33,962	33,962	33,962	33,802	46,876	21,194	19,322
Extinguishment of Issuance Costs upon Redemption of Preferred Stock
0	0	10,799	6,124	0	0	-	-	-	-	-
Net income (loss) attributable to common stockholders
-156,212	-169,543	-122,568	-88,681	236,977	-65,363	-75,245	-87,582	-44,767	-72,934	-269,564
Income (loss) per share – basic and diluted:
Earnings Per Share, Basic [Abstract]
Income (loss) from continuing operations attributable to common stockholders (in dollars per share)
-	-	-	-	2.43	-0.75	-1.00	-	-	-	-
Income (loss) from discontinued operations attributable to common stockholders (in dollars per share)
-	-	-	-	0.00	0.00	0.00	-	-	-	-
Net income (loss) attributable to common stockholders (in dollars per share)
-1.58	-1.75	-1.30	-0.95	2.43	-0.75	-1.00	-	-	-	-
Weighted average common shares outstanding – basic (in shares)
-	-	-	94,426	-	-	-	67,533	61,954	51,159	68
Weighted average common shares outstanding – basic (in shares)
99,837	97,282	95,207	-	96,290	87,622	75,155	-	-	-	-
Earnings Per Share, Diluted [Abstract]
Income (loss) from continuing operations attributable to common stockholders (in dollars per share)
-	-	-	-	2.35	-0.75	-1.00	-1.26	-0.60	-0.83	-2.67
Income (loss) from discontinued operations attributable to common stockholders (in dollars per share)
-	-	-	-	0.00	0.00	0.00	-0.04	-0.13	-0.60	-1.26
Net income (loss) attributable to common stockholders (in dollars per share)
-	-	-	-	2.35	-0.75	-1.00	-1.30	-0.73	-1.43	-3.93
Earnings Per Share, Diluted
-1.58	-1.75	-1.30	-0.95	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
99,837	97,282	95,207	94,426	114,881	87,622	-	-	-	-	-
Dividends declared per common share (in dollars per share)
-	-	-	-	0.48	0.48	0.48	0.44	0.40	0.00	-
Amounts attributable to common stockholders:
Income (loss) from continuing operations, net of tax
-	-	-	-	-	-	-41,197	-50,751	9,948	-21,238	-163,582
Income (loss) from discontinued operations, net of tax
-	-	-	-	-	-	-86	-3,029	-7,839	-30,502	-86,660
Preferred dividends
42,577	42,577	44,761	36,272	33,962	-	33,962	33,802	46,876	21,194	19,322
Net income (loss) attributable to common stockholders
-156,212	-169,543	-122,568	-88,681	236,977	-	-75,245	-87,582	-44,767	-72,934	-269,564
Total hotel revenue
Revenue from Contract with Customer, Excluding Assessed Tax
1,498,557	1,426,780	1,436,116	1,490,301	1,334,810	779,984	937,954	919,352	859,616	807,125	826,082
Rooms
Revenue from Contract with Customer, Excluding Assessed Tax
1,184,987	1,134,687	1,143,135	1,180,199	1,059,012	640,325	746,576	724,212	669,660	625,808	626,434
Total hotel operating expenses
258,446	248,139	248,643	255,317	231,614	143,751	170,393	166,026	154,679	144,607	142,425
Food and Beverage [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
243,917	224,311	234,777	253,211	227,099	112,701	153,602	160,488	150,651	143,436	152,366
Total hotel operating expenses
167,945	156,902	161,683	172,530	153,340	77,653	104,536	108,274	102,776	98,786	106,909
Hotel, Other [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
69,653	67,782	58,204	56,891	48,699	26,958	37,776	34,652	33,964	32,446	41,632
Total hotel operating expenses
472,437	442,463	444,322	455,818	405,896	254,495	280,801	275,940	260,088	249,776	266,964
Other
Revenue from Contract with Customer, Excluding Assessed Tax
4,202	4,009	3,154	1,742	2,156	4,141	526	305	362	-	726
Management fees
Total hotel operating expenses
53,846	53,078	52,653	54,734	49,394	31,125	38,792	38,342	35,390	34,017	34,184