Apple hospitality reit, inc (APLE)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Other

-

-

-

-

76,581

68,014

34,653

33,976

28,642

15,147

9,043

Total revenue

1,266,597

1,270,555

1,238,622

1,041,025

898,314

803,896

387,991

365,586

320,500

160,135

85,206

Expenses:
Hotel operating expense

724,416

715,934

697,402

582,839

-

-

-

-

-

-

-

Property taxes, insurance and other

75,840

74,640

69,391

56,860

46,023

40,046

20,556

19,616

18,387

10,273

5,953

Operating ground lease

1,658

11,364

11,313

10,409

9,996

8,341

302

368

-

-

-

General and administrative

36,210

24,294

26,341

17,032

19,552

20,914

6,169

8,590

8,189

6,472

4,079

Loss on impairment of depreciable real estate assets

6,500

3,100

45,900

5,471

45,000

10,988

0

0

-

-

-

Depreciation and amortization

193,240

183,482

176,499

148,163

127,449

113,112

54,827

52,748

48,415

28,391

14,095

Transaction and litigation costs (reimbursements)

0

0

-2,586

34,989

7,181

5,142

3,179

1,101

-

-

-

Acquisition related costs

-

-

-

-

-

-

-

-

5,275

19,379

4,951

Merger transaction costs

-

-

-

-

-

-

-

-

0

-

-

Series B convertible preferred share expense

-

-

-

-

-

117,133

0

0

-

-

-

Total expense

1,037,831

1,012,849

1,024,235

855,763

762,282

771,571

305,247

288,991

264,907

161,807

81,375

Investment income from note receivable

-

-

-

-

-

-

9,040

0

0

-

-

Gain on sale of real estate

5,021

152

16,295

-153

15,286

0

0

-

-

-

-

Operating income

233,787

257,858

230,682

185,109

136,032

32,325

82,744

76,595

55,593

-1,672

3,831

Interest and other expense, net

-61,191

-51,185

-47,343

-40,026

-33,132

-23,523

-8,446

-6,745

-4,371

-931

-1,018

Income (loss) before income taxes

172,596

206,673

183,339

145,083

118,186

8,802

83,338

69,850

51,222

-2,603

2,813

Income tax expense

679

587

847

431

898

1,969

1,422

1,166

1,068

-

-

Income from continuing operations

-

-

-

-

-

-

81,916

68,684

50,154

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

-

33,306

6,792

19,834

18,860

14,041

Net income (loss)

171,917

206,086

182,492

144,652

117,288

6,833

115,222

75,476

69,988

16,257

16,854

Other comprehensive loss:
Interest rate derivatives

-14,704

228

5,189

6,646

-1,546

-511

-

-

-

-

-

Unrealized gain (loss) on interest rate derivatives

-

-

-

-

-

-

0

0

-

-

-

Cash flow hedge losses reclassified to earnings

-

-

-

-

-

-

0

-

-

-

-

Comprehensive income (loss)

157,213

206,314

187,681

151,298

115,742

6,322

115,222

75,476

-

-

-

From continuing operations (in Dollars per share)

-

-

-

-

-

-

0.90

0.37

0.27

-0.02

0.05

From discontinued operations (in Dollars per share)

-

-

-

-

-

-

0.36

0.04

0.11

0.14

0.21

Basic and diluted net income (loss) per common share (in Dollars per share)

0.77

0.90

0.82

0.76

0.65

0.04

1.26

0.41

0.38

0.12

0.26

Weighted average common shares outstanding - basic and diluted (in Shares)

223,910

229,659

223,526

190,856

180,261

171,489

91,308

182,222

182,396

135,825

66,041

Occupancy [Member]
Total revenue

1,167,203

1,172,331

1,143,987

956,119

821,733

735,882

353,338

331,610

291,858

144,988

76,163

Food and Beverage [Member]
Total revenue

59,815

62,600

66,030

59,558

-

-

-

-

-

-

-

Hotel, Other [Member]
Total revenue

39,579

35,624

28,605

25,348

-

-

-

-

-

-

-

Direct Operating [Member]
Hotel operating expense

312,449

315,363

310,756

262,432

227,915

206,829

100,113

94,103

82,514

44,713

23,454

Hotel Administrative [Member]
Hotel operating expense

103,895

102,019

99,745

81,099

69,526

59,917

28,572

27,048

24,973

12,688

6,945

Sales and Marketing [Member]
Hotel operating expense

116,089

105,834

100,877

82,663

71,009

64,555

32,855

31,263

27,210

13,938

7,674

Public Utilities [Member]
Hotel operating expense

40,598

42,474

41,909

35,585

32,668

30,816

14,641

14,034

13,814

7,708

4,245

Repair and Maintenance [Member]
Hotel operating expense

52,695

51,813

48,463

41,249

36,886

32,938

14,794

13,355

12,703

6,944

3,924

Royalty [Member]
Hotel operating expense

54,900

54,500

52,900

44,200

38,003

33,463

16,013

14,503

12,797

6,230

3,445

Management Service [Member]
Hotel operating expense

43,800

43,900

42,700

35,600

31,074

27,377

13,226

12,262

10,630

5,071

2,610