BRAEMAR HOTELS & RESORTS INC. BHR Income Statement

Braemar hotels & resorts inc. (BHR)

Income statement / TTM

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
REVENUE
Total revenue
487,614	464,858	454,820	457,422	431,398	440,572	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rooms
-	-	-	-	-	-	-	-	-	-	285,877	286,011	-	285,353	281,993	270,197	255,443	247,879	242,548	237,021	226,495	210,302	192,233	177,023	171,670	0	0	0
Food and beverage
-	-	-	-	-	-	-	-	-	-	96,155	95,226	-	93,548	89,788	84,529	79,894	76,734	76,274	72,903	67,854	62,524	57,652	52,922	50,835	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	24,849	21,984	-	21,000	19,227	16,687	14,061	13,388	13,208	13,230	12,844	12,726	11,873	11,231	10,969	0	0	0
Total hotel revenue
-	-	-	-	-	-	-	-	-	-	406,881	403,221	-	399,901	391,008	371,413	349,398	338,001	332,030	323,154	307,193	285,552	261,758	241,176	233,474	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	135	135	-	139	140	140	147	135	131	137	115	113	83	40	22	0	0	0
Total revenue
-	-	-	-	-	-	-	-	-	-	407,016	403,356	-	400,040	391,148	371,553	349,545	338,136	332,161	323,291	307,308	285,665	261,841	241,216	233,496	0	0	0
EXPENSES
Hotel operating expenses:
Total hotel operating expenses
323,612	306,167	295,836	291,316	272,632	279,378	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rooms
-	-	-	-	-	-	-	-	-	-	66,036	65,519	-	64,287	62,165	59,182	56,341	54,967	54,202	53,660	51,636	48,262	44,553	41,329	39,881	0	0	0
Food and beverage
-	-	-	-	-	-	-	-	-	-	68,883	67,887	-	66,265	62,639	57,911	53,535	50,846	49,646	47,682	44,297	40,748	37,675	34,641	33,694	0	0	0
Other expenses
-	-	-	-	-	-	-	-	-	-	114,192	112,506	-	111,260	108,519	101,157	93,742	89,920	87,491	84,893	80,593	75,258	69,176	64,148	61,779	0	0	0
Management fees
-	-	-	-	-	-	-	-	-	-	15,072	15,194	-	15,443	15,332	14,752	14,049	13,681	13,469	13,111	12,525	11,756	10,938	10,262	9,999	0	0	0
Total hotel expenses
-	-	-	-	-	-	-	-	-	-	264,183	261,106	-	257,255	248,655	233,002	217,667	209,414	204,808	199,346	189,051	176,024	162,342	150,380	145,353	0	0	0
Property taxes, insurance and other
27,985	27,867	27,012	27,883	26,027	24,212	22,574	21,867	21,337	21,503	21,426	20,570	20,539	19,413	18,878	18,965	18,517	17,828	17,319	17,102	16,174	15,175	14,099	12,493	11,753	0	0	0
Depreciation and amortization
70,112	67,083	64,726	61,063	57,383	54,980	54,639	53,297	52,262	51,128	48,170	45,964	45,897	45,782	45,915	45,211	43,824	42,934	42,283	42,430	40,686	38,134	35,244	32,185	30,862	0	0	0
Impairment of Real Estate
0	0	0	59	71	131	1,139	1,080	1,068	1,008	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advisory services fee
20,527	19,734	20,309	20,792	20,012	19,169	15,250	13,513	9,134	8,424	11,064	13,756	14,955	20,466	19,526	16,733	17,889	13,054	12,657	13,560	12,534	10,303	7,186	3,241	1,047	0	0	0
Contract modification cost
-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction costs
704	704	704	1,095	949	989	1,233	2,838	6,678	6,594	6,413	4,785	457	756	693	0	-	0	0	-	1,871	15,448	15,403	15,170	13,577	0	0	0
Corporate general and administrative
5,435	4,871	5,061	5,335	4,237	4,138	3,975	4,300	8,146	4,879	5,930	14,237	14,286	17,738	16,587	7,934	5,134	4,599	3,555	3,341	3,242	4,725	7,044	8,739	11,494	0	0	0
Costs and Expenses
448,375	426,426	413,648	407,543	381,311	368,483	369,393	373,376	375,221	372,315	362,186	360,418	358,716	361,438	350,537	322,383	303,569	288,084	280,667	276,057	263,558	259,809	241,318	222,208	214,086	0	0	0
Gain (loss) on sale of hotel property
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on insurance settlement, disposition of assets and sale of hotel properties
-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Operating Income (Loss)
64,404	37,305	41,208	65,617	65,825	96,034	94,397	69,677	62,639	69,528	71,189	69,297	73,500	38,602	40,611	49,170	45,976	50,052	51,494	47,234	43,750	25,856	20,523	19,008	19,410	0	0	0
Income (Loss) from Equity Method Investments
-199	-237	-270	-281	-234	-146	-65	-3	0	0	0	63	-2,587	-1,295	-4,694	-5,577	-2,927	-4,219	-820	0	-	0	0	-	-	-	-	-
Interest income
1,087	1,530	1,821	1,764	1,602	1,185	843	778	690	510	362	247	167	145	107	62	34	28	26	27	27	24	19	17	23	0	0	0
Other income (expense)
13,947	433	383	307	253	275	233	283	377	369	425	312	165	88	69	-1,084	-1,233	0	0	0	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Interest Expense, Debt
54,507	55,606	55,044	53,667	49,653	46,135	43,661	40,914	38,937	38,558	37,743	38,449	40,881	40,835	40,388	38,880	37,829	37,932	38,721	39,625	39,031	0	0	0	-	-	-	-
Interest expense and amortization of loan costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Write off of Deferred Debt Issuance Cost
647	647	312	4,488	4,178	5,709	6,089	1,913	3,874	2,343	4,558	4,558	2,595	2,595	0	0	54	54	54	54	0	0	0	0	1,971	0	0	0
Unrealized loss on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-
Unrealized gain (loss) on investment in Ashford Inc.
7,872	-10,062	-6,433	-7,831	-8,010	2,976	2,693	7,154	9,717	2,524	191	2,614	-1,970	-6,712	-6,254	0	-	0	0	-	-	-	-	-	-	-	-	-
Unrealized loss on investment in Ashford Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Unrealized gain (loss) on derivatives
-1,103	-251	-75	-1,027	-82	-1,330	-1,283	-1,085	-2,056	-3,322	-6,703	-4,006	425	1,067	2,918	313	-3,252	-2,149	-85	-128	-111	-68	-80	-20	-36	0	0	0
INCOME (LOSS) BEFORE INCOME TAXES
2,960	-28,401	-19,488	-220	5,017	46,600	46,602	33,411	27,802	1,611	22,313	24,896	25,894	18,281	-9,757	-4,253	-4,428	1,338	13,132	8,916	4,635	-11,787	-15,380	-15,103	-15,585	0	0	0
Income Tax Expense (Benefit)
1,764	1,411	1,996	2,787	2,432	1,658	1,251	528	-522	886	49	726	1,574	914	1,480	152	263	846	969	1,352	1,097	710	1,477	1,950	2,343	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
1,196	-29,812	-21,484	-3,007	2,585	44,942	45,351	32,883	28,324	725	22,264	24,170	24,320	17,367	-11,237	-4,405	-4,691	0	0	0	-	0	0	0	-	0	0	0
(Income) loss attributable to noncontrolling interest in consolidated entities
2,032	2,024	1,820	2,157	2,016	2,270	1,718	3,243	3,264	5,240	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Income) loss from consolidated entities attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,501	2,706	-	2,912	1,668	1,361	1,103	0	0	0	-	-	-	-
Loss from consolidated entities attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership
-1,207	-4,596	-3,583	-1,483	-751	4,071	4,163	2,585	2,038	-1,053	1,267	1,794	1,899	930	-2,562	-471	-393	0	0	0	-	-	-	-	-	0	0	0
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Net Income (Loss) Attributable to Parent
371	-27,240	-19,721	-3,681	1,320	38,601	39,470	27,055	23,022	-1,494	16,364	19,437	19,316	12,522	-11,176	-6,640	-6,712	-2,374	7,838	4,611	1,939	-7,398	-10,370	-10,038	-11,782	0	0	0
Preferred Stock Dividends, Income Statement Impact
10,142	9,680	8,854	8,030	7,205	6,830	6,830	6,829	6,795	6,081	5,368	4,639	3,860	3,759	3,660	2,880	1,986	1,093	198	0	-	0	0	-	-	-	-	-
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
-9,771	-36,920	-28,575	-11,711	-5,885	31,771	32,640	20,226	16,227	-7,575	10,996	14,798	15,456	8,763	-14,836	-9,520	-8,698	1,957	13,189	0	-	0	0	-	-	-	-	-
Earnings Per Share, Basic [Abstract]
Earnings Per Share, Basic
0.38	-0.37	-0.22	-0.11	-0.44	-0.12	0.30	0.07	0.77	-0.09	-0.09	-0.07	-0.04	0.61	0.04	-0.04	-0.31	-0.29	0.27	-0.01	-0.06	0.13	0.14	-0.13	-0.70	0.02	0.24	-0.29
Weighted average common shares outstanding – basic (in shares)
32,387	32,347	32,307	32,115	32,067	32,023	32,006	31,680	31,673	31,483	31,469	27,267	24,779	25,554	27,916	28,343	28,303	27,162	24,017	24,070	24,995	25,298	25,291	22,308	16,045	16,045	16,045	16,045
Earnings Per Share, Diluted [Abstract]
Earnings Per Share, Diluted
0.38	-0.37	-0.22	-0.11	-0.43	-0.12	0.29	0.07	0.76	-0.09	-0.09	-0.07	0.00	0.55	0.04	-0.04	-0.31	-0.29	0.27	-0.01	-0.07	0.13	0.14	-0.13	-0.61	0.02	0.15	-0.29
Weighted Average Number of Shares Outstanding, Diluted
32,387	32,347	32,307	32,115	25,482	32,023	38,588	31,683	48,605	31,483	31,469	27,267	30,145	33,874	32,418	28,343	27,547	27,162	24,773	24,070	42,167	34,429	34,396	22,308	-1,675	24,905	24,905	16,045
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	0.16	0.16	0.16	0.12	0.12	0.12	0.10	0.10	0.10	0.10	0.05	0.05	0.05	0.05	0.05	0.05	0.00	0.00	0.00
Rooms
Total revenue
303,848	293,131	290,681	293,999	282,775	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total hotel operating expenses
70,297	66,384	64,743	64,562	62,498	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Food and beverage
Total revenue
115,085	108,933	103,682	103,285	94,671	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total hotel operating expenses
85,679	79,633	75,083	72,976	66,386	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
Total revenue
68,674	62,787	60,452	60,133	53,952	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
7	7	5	5	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total hotel operating expenses
151,063	144,041	139,898	137,331	128,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total hotel revenue
Total revenue
487,607	464,851	454,815	457,417	431,398	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management fees
Total hotel operating expenses
16,573	16,109	16,112	16,447	15,648	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OpenKey
Income (Loss) from Equity Method Investments
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-