APPLE HOSPITALITY REIT, INC APLE Income Statement

Apple hospitality reit, inc (APLE)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Other
-	-	-	-	-	-	-	-	-	-	-	-	90,101	-	80,117	77,492	76,579	76,581	75,385	74,861	74,674	68,014	57,693	47,941	38,202	34,653	34,510	33,962	33,568	33,976	33,138	32,751	31,011	28,642	24,612	20,621	0	0	0
Total hotel revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Rental revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Total revenue
1,200,820	1,266,597	1,271,881	1,272,356	1,275,953	1,270,555	1,264,367	1,257,096	1,244,086	1,238,622	1,231,986	1,183,531	1,109,463	1,041,025	971,627	935,711	912,449	898,314	887,604	878,933	877,127	803,896	692,352	560,705	432,709	387,991	383,944	377,360	369,898	365,586	357,256	349,271	336,553	320,500	285,880	241,182	0	0	0
Expenses:
Hotel operating expense
704,233	724,416	722,058	719,713	719,054	715,934	723,937	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property taxes, insurance and other
75,822	75,840	77,122	77,166	77,024	74,640	72,185	70,553	69,693	69,391	68,891	66,080	61,335	56,860	52,611	48,274	46,914	46,023	44,296	44,967	44,481	40,046	34,648	28,317	22,653	20,556	19,879	20,257	19,670	19,616	19,283	19,319	18,829	18,387	16,445	13,582	0	0	0
Operating ground lease
-	-	4,037	6,430	-	11,364	11,407	11,420	11,347	11,313	11,308	11,092	10,759	10,409	10,079	9,960	9,961	9,996	9,995	9,988	9,970	8,341	5,905	3,469	1,071	302	0	0	0	-	-	-	-	-	-	-	-	-	-
General and administrative
37,596	36,210	32,810	27,141	25,554	24,294	25,054	27,034	26,464	26,341	22,776	20,049	18,958	17,032	17,642	20,194	18,833	19,552	20,561	21,013	23,942	20,914	15,128	11,279	6,828	6,169	7,325	7,696	7,846	8,590	9,971	9,575	9,259	8,189	6,723	6,735	0	0	0
Loss on impairment of depreciable real estate assets
-	-	0	0	-	-	0	0	-	45,900	7,875	13,346	13,346	5,471	5,471	0	0	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
194,812	193,240	190,676	188,958	186,592	183,482	181,481	179,422	177,572	176,499	175,282	168,515	158,446	148,163	137,895	132,903	130,214	127,449	125,909	124,653	124,272	113,112	95,370	78,007	60,886	54,827	54,275	53,872	53,405	52,748	51,966	50,948	49,960	48,415	43,121	37,661	0	0	0
Transaction and litigation costs (reimbursements)
-	-	-	-	-	-	-	-	-	-	0	0	-	34,989	37,151	1,541	6,250	7,181	8,598	9,532	0	-	0	0	-	3,179	0	0	0	-	-	-	-	-	-	-	-	-	-
Acquisition related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,316	1,388	2,691	5,275	9,049	12,323	0	0	0
Merger transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Transaction and potential listing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B convertible preferred share expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117,133	117,133	117,133	117,133	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Total expense
1,020,588	1,037,831	1,032,765	1,019,003	1,019,873	1,012,849	1,044,477	1,037,360	1,021,767	1,024,235	973,843	976,753	921,621	855,763	848,221	779,740	768,952	762,282	713,611	719,293	717,968	771,571	672,834	562,425	459,999	305,247	302,033	296,334	291,982	288,991	285,152	280,155	273,562	264,907	239,184	205,892	0	0	0
Gain on sale of real estate
12,647	5,021	1,204	1,204	1,365	152	-157	15,983	0	-	0	0	-	-	0	0	-	15,286	15,358	15,358	15,629	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
192,879	233,787	240,320	254,557	257,445	257,858	236,342	236,031	238,614	230,682	257,833	206,625	187,689	185,109	123,406	155,971	143,497	136,032	173,993	159,640	159,159	32,325	19,518	-1,720	-27,290	82,744	81,911	81,026	77,916	76,595	72,104	69,116	62,991	55,593	46,696	35,290	0	0	0
Interest and other expense, net
-61,263	-61,191	-59,026	-57,407	-54,760	-51,185	-50,022	-48,906	-47,545	-47,343	-47,097	-45,229	-42,940	-40,026	-37,386	-36,532	-34,198	-33,132	-30,591	-27,629	-27,736	-23,523	-18,942	-14,889	-9,785	-8,446	-8,782	-8,204	-7,554	-6,745	-5,992	-5,593	-5,212	-4,371	-3,306	-2,216	0	0	0
Income (loss) before income taxes
131,616	172,596	181,294	197,150	202,685	206,673	170,180	170,985	191,069	183,339	226,876	177,536	144,749	145,083	85,948	119,367	108,956	118,186	158,760	147,369	147,052	8,802	9,616	-7,569	-28,035	83,338	73,129	72,822	70,362	69,850	66,112	63,523	57,779	51,222	43,390	0	0	0	-
Income tax expense
619	679	678	635	630	587	549	652	760	847	527	317	418	431	642	787	849	898	1,346	1,761	1,890	1,969	1,807	1,619	1,417	1,422	1,391	1,322	1,364	1,166	0	0	0	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68,684	0	0	0	-	-	-	-	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,792	12,066	17,194	20,385	19,834	19,276	0	0	0	-
Net income (loss)
130,997	171,917	180,616	196,515	202,055	206,086	169,631	170,333	190,309	182,492	226,349	177,219	144,331	144,652	85,306	118,580	108,107	117,288	157,414	145,608	145,162	6,833	41,115	24,118	3,854	115,222	71,738	71,500	70,523	75,476	76,225	79,060	76,898	69,988	62,666	47,222	0	0	0
Other comprehensive loss:
Interest rate derivatives
-50,826	-14,704	-29,818	-23,968	-12,108	228	14,249	12,851	9,936	5,189	15,209	19,211	14,885	6,646	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain (loss) on interest rate derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	311	-446	468	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Cash flow hedge losses reclassified to earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income (loss)
80,171	157,213	150,798	172,547	189,947	206,314	183,880	183,184	200,245	187,681	241,558	196,430	159,216	151,298	81,478	104,513	100,141	115,742	150,940	145,869	143,909	6,322	41,426	23,672	4,322	115,222	0	0	0	-	-	-	-	-	-	-	-	-	-
From continuing operations (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.07	0.10	0.11	0.09	0.06	0.08	0.08	0.05	0.02	-
From discontinued operations (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.01	0.03	0.02	0.03	0.03	0.03	0.03	-
Basic and diluted net income (loss) per common share (in Dollars per share)
-0.01	0.11	0.21	0.28	0.17	0.16	0.27	0.29	0.18	0.00	0.28	0.39	0.15	0.18	0.07	0.31	0.20	-0.10	0.27	0.24	0.24	0.00	0.19	0.23	-0.38	0.94	0.10	0.13	0.09	0.07	0.10	0.12	0.12	0.08	0.11	0.11	0.08	0.05	0.04
Weighted average common shares outstanding - basic and diluted (in Shares)
224,294	223,908	223,901	223,899	223,932	227,428	230,351	230,342	230,515	224,948	223,057	223,052	223,047	223,528	190,563	174,667	174,666	174,178	175,069	185,351	186,446	63,436	186,910	186,945	248,665	-182,443	182,784	182,496	182,395	182,287	182,130	182,110	182,361	182,585	182,769	182,621	181,609	144,264	122,696
Occupancy [Member]
Total revenue
1,105,712	1,167,203	1,172,674	1,173,175	1,176,965	1,172,331	0	1,162,169	1,149,430	1,143,987	1,135,334	1,088,305	1,019,362	956,119	891,510	858,219	835,870	821,733	812,219	804,072	802,453	735,882	634,659	512,764	394,507	353,338	349,434	343,398	336,330	331,610	324,118	316,520	305,542	291,858	261,268	215,218	0	0	0
Food and Beverage [Member]
Total revenue
56,112	59,815	60,529	61,079	61,905	62,600	0	65,406	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hotel, Other [Member]
Total revenue
38,996	39,579	38,678	38,102	37,083	35,624	0	31,888	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Direct Operating [Member]
Hotel operating expense
304,898	312,449	313,312	313,913	314,989	315,363	0	312,453	311,556	310,756	310,536	299,643	280,757	262,432	244,504	234,446	230,139	227,915	225,590	225,183	226,178	206,829	176,815	143,998	111,672	100,113	98,608	96,970	95,388	94,103	92,010	89,840	86,721	82,514	73,162	60,896	0	0	0
Hotel Administrative [Member]
Hotel operating expense
101,908	103,895	103,225	102,956	102,547	102,019	0	101,352	100,011	99,745	98,073	94,097	87,737	81,099	75,199	72,017	70,568	69,526	68,555	67,498	66,715	59,917	50,895	41,486	32,081	28,572	28,138	27,536	27,272	27,048	26,657	26,541	25,940	24,973	21,728	17,936	0	0	0
Sales and Marketing [Member]
Hotel operating expense
112,754	116,089	113,358	110,859	108,196	105,834	0	103,998	102,100	100,877	99,286	95,127	88,753	82,663	76,751	73,946	71,930	71,009	70,259	70,176	70,569	64,555	55,685	45,613	35,988	32,855	32,702	32,280	31,843	31,263	30,460	29,599	28,428	27,210	23,967	19,961	0	0	0
Public Utilities [Member]
Hotel operating expense
39,849	40,598	40,916	41,444	42,130	42,474	0	42,493	42,439	41,909	41,705	40,212	37,738	35,585	33,308	32,270	32,110	32,668	33,073	33,155	33,584	30,816	26,453	21,079	16,626	14,641	14,409	14,270	14,152	14,034	14,005	14,036	13,893	13,814	12,870	10,338	0	0	0
Repair and Maintenance [Member]
Hotel operating expense
51,622	52,695	52,017	51,791	52,226	51,813	0	50,197	49,000	48,463	48,476	46,755	44,081	41,249	38,282	37,049	36,801	36,886	36,766	36,594	36,495	32,938	27,601	22,335	16,848	14,794	14,609	14,166	13,688	13,355	13,235	13,173	13,095	12,703	11,169	9,410	0	0	0
Royalty [Member]
Hotel operating expense
52,046	54,900	55,031	54,849	54,878	54,500	0	53,777	53,159	52,900	52,599	50,459	47,229	44,200	41,146	39,672	38,626	38,003	37,395	36,797	36,569	33,463	28,902	23,325	17,967	16,013	15,714	15,171	14,786	14,503	14,196	14,015	13,448	12,797	11,387	9,293	0	0	0
Management Service [Member]
Hotel operating expense
41,166	43,800	44,168	43,870	44,057	43,900	0	43,474	42,960	42,700	42,483	40,373	37,775	35,600	33,182	32,468	31,606	31,074	30,384	29,976	29,949	27,377	23,971	19,455	14,957	13,226	13,078	12,778	12,391	12,262	12,053	11,721	11,298	10,630	9,563	7,757	0	0	0