Condor hospitality trust, inc. (CDOR)
Income statement / Quarterly
Mar'20Dec'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
Room rentals and other hotel services

13,227

14,306

14,666

16,177

15,903

15,082

15,462

17,834

16,679

15,278

15,562

14,252

10,361

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Room rentals and other hotel services

-

-

-

-

-

-

-

-

-

-

-

-

-

10,470

13,519

14,155

12,503

13,394

15,895

16,733

12,692

14,547

16,902

16,059

11,291

12,566

15,619

14,789

11,895

13,431

17,031

15,944

11,799

1,493

21,199

16,165

16,270

23,533

22,867

Operating Expenses
Hotel and property operations

9,815

9,503

9,718

9,755

9,793

-

10,148

10,756

-

-

10,269

9,224

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hotel and property operations

-

-

-

-

-

-

-

-

-

-

-

-

7,613

-

-

9,889

-

-

-

-

-

11,457

12,009

11,102

9,823

9,404

11,436

10,878

10,326

-

-

-

-

-2,415

15,475

14,878

13,488

16,706

16,484

Depreciation and amortization

2,710

2,407

2,405

2,394

2,362

-

2,423

2,444

-

2,085

1,993

1,769

1,051

-

-

1,289

-

-

-

-

-

1,593

1,624

1,617

1,603

1,517

1,554

1,532

1,655

-

-

-

-

-99

2,139

2,312

2,247

2,598

2,755

General and administrative

1,193

1,255

1,210

1,572

1,663

-

1,599

1,605

-

1,847

1,702

1,511

1,492

-

-

1,277

-

-

-

-

-

1,203

912

1,092

985

938

946

980

1,059

-

-

-

-

874

906

1,001

1,103

782

800

Acquisition and terminated transactions

-

23

1

7

7

-

96

71

-

80

453

215

502

-

-

53

-

-

-

-

-

-

0

0

-

-15

679

28

21

-

-

-

-

-

-

-

-

-

-

Strategic alternatives

144

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity transaction and strategic alternatives

-

-

1,052

834

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity transactions

-

-

-

-

-

-

-

-

-

-

0

0

343

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

11

-3

69

-32

1,082

0

0

-

-

-

-

-

-

-

-

-

-

Termination cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

540

-

-

Total operating expenses

13,862

13,412

14,386

14,562

13,825

13,202

14,266

14,876

14,561

14,040

14,417

12,719

11,001

11,009

12,445

12,508

12,662

13,826

13,983

14,247

13,134

14,252

14,556

13,808

12,480

12,962

15,697

13,418

13,061

13,370

14,792

13,756

12,194

2,275

18,520

14,400

17,378

20,086

20,039

Operating income (loss)

-635

894

280

1,615

2,078

1,880

1,196

2,958

2,118

1,238

1,145

1,533

-640

-539

1,074

1,647

-159

-432

1,912

2,486

-442

295

2,346

2,251

-1,189

-396

-78

1,371

-1,166

61

2,239

2,188

-395

-782

2,679

1,765

-1,108

3,447

2,828

Net gain (loss) on disposition of assets

-9

-45

-14

-16

39

-17

3,716

1,895

-24

2,004

-46

4,852

-3

7,318

3,591

8,856

3,367

1,997

2,927

-137

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of joint venture

80

-405

-84

166

513

-469

-41

63

229

-105

159

25

111

-190

-54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss on derivatives and convertible debt

-759

-155

-223

-456

-237

-402

116

156

447

20

14

227

175

72

26

162

6,117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense, net

28

-

27

24

29

-

23

20

-

-

43

39

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain (loss) on derivatives and convertible debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,570

7,895

-4,710

4,823

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on dispositions of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

-1

-25

-1

-9

-8

-29

-5

13

-2

-3

-2

1,139

1

-5

-13

-23

Unrealized derivative gain (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,615

-11,718

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

-

-24

-

-

-

-26

-

-

-14

-28

-

-

-1

-32

85

23

-21

-8

-4

31

95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

1,980

1,807

1,912

2,094

2,163

2,153

2,154

2,091

1,928

1,706

1,405

1,092

971

1,006

1,127

1,248

1,329

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized derivative gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,115

-

2,674

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12

94

31

5,557

-3

2,131

-297

1,334

-1,138

872

-1,212

-

2

20

-

31

35

Other income (expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,328

1,137

1,510

1,547

1,794

1,774

1,819

1,729

1,546

1,454

1,330

1,443

1,477

1,377

1,388

1,449

-2

1,975

1,551

2,336

2,290

2,400

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-102

-104

-

-7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-167

0

0

-800

-639

-399

-976

-173

-

-

-

-

-

-37

-94

-9

-89

-43

-117

-91

-87

-1

-38

-12

-

-

-

-

-

-

Impairment recovery (loss), net

-

-

-

-

-

0

0

0

-93

553

848

479

271

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss, net

-

-

-

-

-

-

-

-

-

-

-

-

-

220

343

121

793

312

-313

3,053

777

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-119

2,495

165

7

0

364

0

2,735

-266

-698

2,227

2,801

193

274

2,147

Earnings (loss) before income taxes

-3,331

-1,542

-1,980

-809

201

-1,187

2,810

2,961

921

703

-1,024

5,027

-2,400

4,764

2,853

8,343

7,009

3,385

11,802

-6,893

2,156

-3,152

-4,029

-11,287

-687

1,030

922

2,040

-3,026

-538

-264

-1,103

-2,805

-154

-382

-2,566

-3,557

901

-1,707

Income tax benefit (expense)

-306

282

8

461

186

20

132

54

129

-645

15

35

0

125

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

139

97

-609

274

116

Income tax (benefit) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

6,088

282

381

-314

-

-

176

-

-

-

Earnings from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

4,639

2,853

8,343

7,009

3,385

11,802

-6,893

2,156

-3,152

-4,029

-11,287

-687

1,030

922

2,040

-3,026

-6,626

-546

-1,484

-2,491

-288

-521

-2,742

-2,948

627

-1,823

Gain from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

678

1,432

152

994

1,294

257

1,628

829

182

-2,395

777

338

-1,039

203

-1,720

3,924

-1,480

-7,962

-883

-1,370

-763

-718

-1,852

Net earnings (loss)

-3,025

-1,824

-1,988

-1,270

15

-1,207

2,678

2,907

792

1,348

-1,039

4,992

-2,400

4,639

2,853

8,343

7,687

4,817

11,954

-5,899

3,450

-2,895

-2,401

-10,458

-505

-1,365

1,699

2,378

-4,065

-6,423

-2,266

2,440

-3,971

-8,250

-1,404

-4,112

-3,711

-91

-3,675

Loss attributable to noncontrolling interest

-1

-2

-10

-6

-1

-242

20

21

6

10

-7

67

-50

99

61

178

389

476

724

-284

281

-4

-3

-15

-1

-2

3

4

-7

-11

-1

8

-6

-26

8

-3

-11

13

-11

Net earnings (loss) attributable to controlling interests

-3,024

-1,822

-1,978

-1,264

16

-965

2,658

2,886

786

1,338

-1,032

4,925

-2,350

4,540

2,792

8,165

7,298

4,341

11,230

-5,615

3,169

-2,891

-2,398

-10,443

-504

-1,363

1,696

2,374

-4,058

-6,412

-2,265

2,432

-3,965

-8,224

-1,412

-4,109

-3,700

-104

-3,664

Dividends declared and undeclared on preferred stock

145

144

145

144

145

144

145

145

144

164

205

271

11,603

975

976

1,057

17,740

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends declared and undeclared and in kind dividends deemed on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

925

914

902

891

879

868

858

847

838

837

837

837

-

-

-

-

-

369

369

368

368

369

Preferred stock dividend declared and undeclared

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

838

-

-

-

838

837

837

657

-

-

369

-

-

-

Net earnings (loss) attributable to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,416

10,316

-6,517

2,278

-3,770

-3,266

-11,301

-1,351

-2,201

859

1,537

-4,895

-7,250

-3,102

1,595

-4,622

-8,592

-1,781

-4,478

-4,068

-472

-4,033

Net loss attributable to common shareholders

-3,169

-1,966

-2,123

-1,408

-129

-1,109

2,513

2,741

642

1,174

-1,237

4,654

-13,953

3,565

1,816

7,108

-10,442

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings (Loss) per Share
Continuing operations - Basic and Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.07

-

-

-

-2.58

-0.48

-0.81

-1.09

-1.50

-0.04

-1.08

-0.15

0.01

-0.10

Discontinued operations - Basic and Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.83

-

-

-

0.07

-0.60

1.36

-0.51

-3.27

-0.04

-0.48

-0.03

-0.03

-0.08

Total - Basic and Diluted Earnings per Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.76

-

-

-

-2.51

-1.08

0.55

-1.60

-4.77

-0.08

-1.56

-0.18

-0.02

-0.18

Continuing operations - Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

4.68

2.41

9.36

-14.63

0.44

2.06

-1.52

0.24

-0.53

-1.04

-3.69

-0.53

0.26

0.03

0.41

-1.34

-

-

-

-

-

-

-

-

-

-

Discontinued operations - Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

0.00

-0.05

0.91

0.25

0.03

0.20

0.24

0.08

0.35

0.25

0.06

-1.02

0.27

0.12

-0.36

-

-

-

-

-

-

-

-

-

-

Total - Basic Earnings (Loss) per Share

-0.27

-0.17

-0.18

-0.12

-0.01

-0.10

0.21

0.23

0.05

0.10

-0.11

0.40

-4.75

4.68

2.41

9.36

-13.72

0.69

2.09

-1.32

0.48

-0.45

-0.69

-3.44

-0.47

-0.76

0.30

0.53

-1.70

-

-

-

-

-

-

-

-

-

-

Continuing operations - Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

0.65

0.39

1.17

-14.63

-0.04

0.12

-1.52

-0.14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations - Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.73

0.00

-0.05

0.91

0.05

0.01

0.20

0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total - Diluted Earnings (Loss) per Share

-0.27

-0.17

-0.18

-0.12

-0.01

-0.10

0.21

0.23

0.05

0.10

-0.11

0.37

-4.75

0.65

0.39

1.17

-13.72

0.01

0.13

-1.32

-0.09

-

-0.69

-

-0.47

0.21

-0.13

-0.01

-1.70

-

-

-

-

-

-

-

-

-

-

Earnings (loss) from continuing operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,894

-12,129

-1,533

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,628

828

182

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net earnings (loss) attributable to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,416

10,316

-6,517

2,278

-3,770

-3,266

-11,301

-1,351

-2,201

859

1,537

-4,895

-7,250

-3,102

1,595

-4,622

-8,592

-1,781

-4,478

-4,068

-472

-4,033