Ashford hospitality trust, inc. (AHT)
Income statement / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue
Revenue from Contract with Customer, Excluding Assessed Tax

1,502,759

1,491,591

1,473,284

1,447,300

1,430,789

1,428,867

1,426,262

1,427,768

1,439,270

1,439,374

1,457,980

1,477,980

1,492,043

1,503,250

1,495,835

1,454,503

1,336,966

1,174,457

1,011,398

850,223

794,849

811,503

852,070

902,446

939,527

970,134

952,305

934,544

919,657

885,530

875,922

865,243

859,978

858,631

861,683

0

0

0

Rental income from operating leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,341

5,193

5,343

0

0

0

Advisory services revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,724

10,313

7,186

3,241

1,047

0

0

0

-

-

-

-

-

-

-

-

-

-

Interest income from notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Expenses
Hotel operating expenses:
Total hotel operating expenses

952,674

942,968

929,095

912,397

900,582

895,449

896,984

897,370

907,301

912,261

920,243

931,966

938,399

944,453

941,955

919,407

840,244

733,728

629,571

540,803

507,024

518,950

546,154

567,099

594,522

615,290

603,331

596,413

588,582

561,443

560,135

554,758

552,933

559,079

558,004

0

0

0

Property taxes, insurance and other

84,110

83,123

81,925

80,393

78,355

77,649

75,069

73,605

73,579

73,673

72,651

73,178

73,457

73,211

74,036

72,319

65,301

56,708

49,132

40,504

38,499

39,518

41,571

44,286

46,945

47,830

46,843

45,318

44,779

43,466

44,276

45,907

45,085

47,251

47,267

0

0

0

Depreciation and amortization

269,003

268,517

265,534

262,589

258,458

253,887

249,099

245,080

246,731

246,832

246,867

246,399

243,863

243,600

242,171

234,708

210,410

178,852

148,449

122,365

110,653

110,607

115,046

121,356

127,684

130,979

131,760

132,395

133,571

132,354

132,572

132,122

131,243

132,607

131,737

0

0

0

Impairment charges

33,600

28,281

28,254

21,740

23,400

10,067

11,879

11,860

10,200

24,296

17,589

17,705

17,816

34,439

39,472

19,516

19,511

-19,518

-19,524

420

415

410

406

401

396

10,898

5,731

5,537

5,349

4,336

9,310

5,089

4,841

-4,054

-5,150

0

0

0

Gain (loss) on insurance settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

Transaction costs

2

2

2

9

11

14

14

13

14

-113

11

-15

77

603

871

5,848

6,252

5,859

6,000

1,124

625

742

1,379

0

-

0

0

-

-

0

0

-

-793

0

0

0

-

-

Advisory services fee

63,632

64,710

61,551

68,349

69,122

66,678

68,485

59,635

53,199

58,916

56,252

54,099

54,361

46,123

44,963

44,359

43,023

36,360

25,572

14,100

4,533

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Corporate, general and administrative

11,107

10,409

11,089

11,403

10,931

10,902

10,224

10,247

13,288

12,776

12,332

11,863

8,366

9,004

10,808

11,143

14,310

21,685

33,017

49,348

57,243

57,431

55,792

51,040

52,821

53,702

51,088

48,319

44,050

43,568

41,811

40,886

44,522

41,682

40,911

0

0

0

Costs and Expenses

1,414,156

1,398,001

1,377,441

1,356,871

1,340,850

1,314,599

1,311,707

1,297,763

1,304,265

1,319,251

1,326,399

1,335,417

1,336,339

1,321,577

1,314,354

1,307,290

1,199,051

1,052,705

911,260

767,819

718,157

726,470

758,124

784,434

822,630

848,614

828,744

817,001

805,542

775,353

778,317

767,476

766,114

773,869

770,046

0

0

0

Gain (loss) on sale of assets and hotel properties

26,126

3,004

633

717

475

400

424

14,104

14,030

21,195

22,628

31,630

31,599

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Income (Loss)

114,729

96,594

96,476

91,146

90,414

128,692

128,988

144,026

149,035

151,722

163,180

174,162

187,303

181,673

181,481

147,213

137,915

121,752

100,138

82,404

76,692

85,033

93,946

118,012

116,897

121,520

123,561

117,543

114,115

110,177

97,605

97,767

93,864

84,762

91,637

0

0

0

Equity in earnings (loss) of unconsolidated entities

-2,307

-2,233

-1,645

392

867

-1,394

-2,383

-5,691

-5,866

-5,258

-5,139

-3,288

-6,110

-2,179

-5,988

-3,794

-6,831

-13,383

-6,183

-629

2,495

-1,984

-14,920

-20,014

-23,404

-17,805

-15,073

-17,417

-20,833

-22,721

-21,576

-23,900

14,528

19,598

26,490

0

0

0

Interest income

3,067

3,575

3,889

3,987

3,952

3,521

3,077

2,740

2,202

1,562

948

476

331

252

181

137

90

84

90

72

62

55

40

41

71

102

120

129

125

99

80

81

85

184

224

0

0

0

Gain (loss) on acquisition of PIM Highland JV and sale of hotel properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

380,705

380,705

380,705

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Nonoperating Income (Expense)

10,490

-998

-872

-328

64

197

126

-226

-3,422

-3,793

-4,446

-7,385

-4,517

-6,860

-6,248

-5,446

-864

2,465

5,343

9,626

6,573

5,045

2,795

1,105

5,650

15,159

23,516

29,909

31,700

49,002

57,680

69,134

109,524

99,383

97,686

0

0

0

Interest Expense, Debt

262,001

263,615

257,990

248,209

236,786

229,087

225,319

222,069

222,631

223,024

221,823

223,329

223,967

221,692

217,789

208,822

187,514

162,928

140,469

120,762

114,502

118,397

125,622

133,860

140,865

144,082

144,586

144,844

144,339

141,584

138,985

137,509

137,212

139,155

139,946

0

0

0

Write-off of premiums, loan costs and exit fees

2,841

2,109

3,255

8,859

8,847

10,532

8,960

4,841

2,845

9,418

10,390

12,756

12,702

5,896

4,924

983

5,750

4,767

13,086

13,092

10,353

10,480

2,161

2,155

2,098

5,969

5,969

5,969

3,998

729

0

0

-

0

-

-

-

-

Unrealized gain (loss) on marketable securities

1,896

1,466

1,219

353

-1,013

-594

-1,598

-1,861

-4,649

133

1,069

1,600

4,946

0

0

1,929

127

3,613

738

-2,135

-332

-742

2,390

2,415

5,115

1,176

871

3,418

2,502

3,287

2,983

1,394

-391

0

0

0

-

-

Unrealized Gain (Loss) on Derivatives

-4,494

-2,560

-2,109

-5,501

-2,178

-4,670

-4,064

-3,891

-2,802

-8,586

-16,655

-8,034

-2,534

3,249

10,047

1,214

-7,402

-6,823

-4,143

-2,451

-1,100

-1,818

-2,565

-1,513

-8,315

-16,082

-24,618

-32,865

-35,657

-45,761

-53,135

-63,410

-70,286

-50,895

-17,634

0

0

0

Income (loss) before income taxes

-141,461

-169,880

-164,287

-167,019

-153,527

-127,891

-124,142

-91,730

-90,978

-107,066

-102,227

-78,523

-57,250

-26,978

-20,213

-68,619

310,523

320,718

323,133

333,738

-40,465

-43,288

-46,097

-35,969

-46,949

-45,981

-42,178

-50,096

-56,385

-47,501

-56,077

-57,172

9,383

12,835

0

0

0

-

Income (loss) from continuing operations before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Income Tax Expense (Benefit)

1,218

3,228

3,996

3,263

2,782

895

-891

-2,258

-2,218

-191

1,060

57

1,532

1,291

3,028

4,514

4,710

5,081

3,652

1,875

1,266

643

970

1,123

1,511

1,179

1,199

2,100

2,375

2,098

2,536

1,455

1,620

2,384

1,721

0

0

0

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-41,731

-43,931

-47,067

-37,092

-48,460

-47,160

-43,377

-52,196

-58,760

-49,599

-58,613

-58,627

7,763

10,451

56,775

0

0

0

Income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

0

0

0

-

-

-

-

-3,448

-10,678

-8,617

-9,925

-7,880

48,850

35,012

0

0

0

Gain (loss) on sale of hotel properties, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

3,491

3,491

3,491

3,491

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-142,679

-173,108

-168,283

-170,282

-156,309

-128,786

-123,251

-89,472

-88,760

-106,875

-103,287

-78,580

-58,782

-28,269

-22,642

-72,534

306,412

316,181

319,488

331,892

-38,207

-40,450

-43,648

-33,695

-48,558

-43,641

-42,270

-55,810

-62,208

-60,277

-67,230

-68,552

-117

59,301

91,787

0

0

0

(Income) loss from consolidated entities attributable to noncontrolling interests

-112

-24

-24

-18

-30

-122

-110

-117

-110

6

0

-7

-14

-38

-51

-43

-30

-268

-395

-404

-406

1,652

1,601

1,588

908

421

377

439

868

-370

-983

-599

610

244

649

0

0

0

Net (income) loss attributable to redeemable noncontrolling interests in operating partnership

-28,932

-32,808

-31,571

-31,552

-29,313

-26,527

-26,785

-21,489

-21,642

-22,940

-21,009

-16,864

-12,483

78,760

80,576

78,727

35,503

-56,636

-50,858

-52,613

-6,400

17,569

12,092

11,822

8,183

-7,546

-7,319

-9,001

-9,296

-8,532

-8,802

-11,011

-2,836

5,483

9,547

0

0

0

Net Income (Loss) Attributable to Parent

-113,635

-140,276

-136,688

-138,712

-126,966

-102,137

-96,356

-67,866

-67,008

-83,941

-82,278

-61,709

-46,285

-21,373

-17,549

-60,546

270,939

278,999

281,825

292,483

-31,401

-34,837

-37,677

-28,985

-41,283

-36,516

-35,328

-47,248

-53,780

-51,375

-57,445

-56,942

2,109

53,574

81,591

0

0

0

Preferred Stock Dividends, Income Statement Impact

42,577

42,577

42,577

42,577

42,577

43,342

44,137

44,449

44,761

43,768

41,203

38,738

36,272

34,347

33,962

33,962

33,962

33,962

33,962

33,962

33,962

33,962

33,962

33,962

33,962

33,962

33,962

33,961

33,802

33,446

32,371

48,652

46,876

43,729

41,145

0

0

0

Extinguishment of Issuance Costs upon Redemption of Preferred Stock

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to common stockholders

-156,212

-182,853

-179,265

-181,289

-169,543

-151,771

-151,292

-123,114

-122,568

-132,216

-129,605

-106,571

-88,681

-61,844

-51,511

-94,508

236,977

245,037

247,863

258,521

-65,363

-68,799

-71,639

-62,947

-75,245

-70,478

-69,290

-81,209

-87,582

-84,821

-89,816

-105,594

-44,767

9,845

40,446

0

0

0

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)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.27

-0.24

-0.11

-0.13

-

-

-

-

-

-0.32

-0.14

-0.44

-

-0.43

-0.40

0.51

-

0.27

Income (loss) from discontinued operations attributable to common stockholders (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

-

-

-

-

-

-0.03

-0.06

0.00

-

0.00

-0.09

0.02

-

-0.23

Net income (loss) attributable to common stockholders (in dollars per share)

-0.40

-0.42

-0.27

-0.49

-0.66

-0.40

-0.30

-0.39

-0.50

-0.40

-0.01

-0.39

-0.61

-0.37

0.23

-0.20

-0.35

-0.26

-0.21

3.25

-0.27

-0.24

-0.11

-0.13

-0.33

-0.31

-0.02

-0.34

-

-0.35

-0.20

-0.44

-

-0.43

-0.49

0.53

-

0.04

Weighted average common shares outstanding – basic (in shares)

-

-

99,942

99,407

-

-

96,889

95,367

-

95,332

95,320

94,840

-

-

-

-

-

-

-

-

-

-

-

-

-

-

68,489

-

-

-

-

-

-

-

-

-

49

-

Weighted average common shares outstanding – basic (in shares)

-

99,971

-

-

-

97,467

-

-

-

-

-

-

-

94,531

94,474

94,136

93,978

95,888

99,755

95,539

89,695

90,322

88,781

81,690

84,551

79,898

68,489

67,682

-

67,659

67,639

67,152

-

66,801

59,482

57,931

-

50,716

Earnings Per Share, Diluted [Abstract]
Income (loss) from continuing operations attributable to common stockholders (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.27

-0.24

-0.11

-0.13

-

-

-

-

-0.36

-0.32

-0.14

-0.44

-0.22

-0.43

-0.40

0.45

-0.18

0.25

Income (loss) from discontinued operations attributable to common stockholders (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

-

-

-

-

0.05

-0.03

-0.06

0.00

-0.05

0.00

-0.09

0.01

0.89

-0.19

Net income (loss) attributable to common stockholders (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.71

-

Earnings Per Share, Diluted

-0.40

-0.42

-0.27

-0.49

-0.66

-0.40

-0.30

-0.39

-0.50

-0.40

-0.01

-0.39

-0.61

-0.37

0.23

-0.20

-

-0.26

-0.21

3.13

-

-0.24

-0.11

-0.13

-

-0.31

-0.02

-0.34

-

-0.35

-0.20

-0.44

-

-0.43

-0.49

0.46

-

0.06

Weighted Average Number of Shares Outstanding, Diluted

100,208

99,791

99,942

99,407

99,405

97,467

96,889

95,367

95,336

95,332

95,320

94,840

94,563

94,531

94,474

94,136

149,969

95,888

99,755

113,912

89,695

90,322

88,781

81,690

-

79,898

68,489

67,682

-

67,659

67,639

67,152

-

66,801

59,482

79,330

-

72,981

Dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

0.12

0.12

0.12

-

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.11

0.11

0.11

0.11

0.10

0.10

0.10

0.10

-

-

Amounts attributable to common stockholders:
Income (loss) from continuing operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-34,828

-37,613

-28,902

-41,197

-39,585

-36,288

-44,072

-50,751

-41,994

-49,862

-48,215

9,948

12,557

52,122

0

0

0

Income (loss) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-3,029

-9,381

-7,583

-8,727

-7,839

41,017

29,469

0

0

0

Preferred dividends

42,577

42,577

42,577

42,577

42,577

43,342

44,137

44,449

44,761

42,227

39,278

0

-

0

0

-

-

-

-

-

-

33,962

33,962

33,962

33,962

33,962

33,962

33,961

33,802

33,446

32,371

48,652

46,876

43,729

41,145

0

0

0

Net income (loss) attributable to common stockholders

-156,212

-182,853

-179,265

-181,289

-169,543

-151,771

-151,292

-123,114

-122,568

-110,040

-50,023

0

-

0

0

-

236,977

0

0

0

-

-68,799

-71,639

-62,947

-75,245

-70,478

-69,290

-81,209

-87,582

-84,821

-89,816

-105,594

-44,767

9,845

40,446

0

0

0

Total hotel revenue
Revenue from Contract with Customer, Excluding Assessed Tax

1,498,557

1,487,327

1,468,855

1,443,198

1,426,780

1,424,781

1,422,396

1,424,023

1,436,116

1,436,877

1,456,011

1,476,243

1,490,301

1,501,528

1,494,133

1,452,814

1,334,810

1,170,340

1,003,523

837,757

779,984

797,843

842,460

897,721

937,954

969,689

951,909

934,207

919,352

885,133

875,556

864,874

859,616

857,965

860,602

0

0

0

Rooms
Revenue from Contract with Customer, Excluding Assessed Tax

1,184,987

1,176,934

1,163,246

1,144,375

1,134,687

1,134,298

1,135,299

1,137,123

1,143,135

1,139,730

1,151,588

1,166,289

1,180,199

1,188,980

1,182,873

1,148,637

1,059,012

938,326

808,504

684,318

640,325

649,727

681,848

720,104

746,576

769,689

754,133

738,222

724,212

701,524

689,158

676,369

669,660

668,004

663,621

0

0

0

Total hotel operating expenses

258,446

255,902

253,665

249,700

248,139

247,283

247,036

247,856

248,643

248,405

249,929

252,088

255,317

258,093

258,021

251,563

231,614

204,889

176,855

152,150

143,751

146,235

153,946

162,991

170,393

176,260

172,854

169,581

166,026

160,641

158,831

156,234

154,679

153,486

150,339

0

0

0

Food and Beverage [Member]
Revenue from Contract with Customer, Excluding Assessed Tax

243,917

241,539

237,197

230,328

224,311

224,641

223,558

226,971

234,777

239,749

247,642

253,006

253,211

256,038

255,042

250,601

227,099

189,708

159,766

124,015

112,701

118,795

127,971

142,191

153,602

162,434

161,722

160,431

160,488

152,898

152,652

151,951

150,651

145,067

152,398

0

0

0

Total hotel operating expenses

167,945

166,166

163,726

159,760

156,902

156,334

155,858

157,978

161,683

164,543

168,456

171,599

172,530

174,055

173,539

170,161

153,340

129,214

107,272

84,610

77,653

81,215

88,447

96,684

104,536

110,489

109,115

108,449

108,274

102,455

103,124

103,295

102,776

102,911

104,875

0

0

0

Hotel, Other [Member]
Revenue from Contract with Customer, Excluding Assessed Tax

69,653

68,854

68,412

68,495

67,782

65,842

63,539

59,929

58,204

57,398

56,781

56,948

56,891

56,510

56,218

53,576

48,699

42,306

35,253

29,424

26,958

29,321

32,641

35,426

37,776

37,566

36,054

35,554

34,652

29,378

31,109

32,433

33,964

39,701

39,240

0

0

0

Total hotel operating expenses

472,437

466,963

457,962

449,607

442,463

438,973

441,402

438,972

444,322

446,670

448,626

454,414

455,818

457,086

455,468

444,251

405,896

355,752

307,096

271,003

254,495

259,557

269,729

270,783

280,801

287,875

281,323

279,138

275,940

261,323

261,951

259,708

260,088

267,898

267,638

0

0

0

Other
Revenue from Contract with Customer, Excluding Assessed Tax

4,202

4,264

4,429

4,102

4,009

4,086

3,866

3,745

3,154

2,497

1,969

1,737

1,742

1,722

1,702

1,689

2,156

2,659

3,290

3,936

4,141

3,347

2,424

1,484

526

445

396

337

305

397

366

369

362

0

0

0

0

0

Management fees
Total hotel operating expenses

53,846

53,937

53,742

53,330

53,078

52,859

52,688

52,564

52,653

52,643

53,232

53,865

54,734

55,219

54,927

53,432

49,394

43,873

38,348

33,040

31,125

31,943

34,032

36,641

38,792

40,666

40,039

39,245

38,342

37,024

36,229

35,521

35,390

34,784

35,152

0

0

0