Rlj lodging trust (RLJ)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues
Revenues

1,566,192

1,761,224

1,356,261

1,159,995

1,136,340

1,109,197

970,380

849,685

754,905

516,666

455,761

Expenses
Management and franchise fee expense

120,797

138,143

122,633

118,210

116,462

114,802

99,158

29,906

25,904

18,373

16,510

Depreciation and amortization

211,584

241,641

186,993

162,500

156,226

144,294

127,231

126,340

127,420

96,940

91,503

Impairment of Real Estate

13,500

0

0

-

1,003

9,200

0

896

-

-

61,426

Property tax, insurance and other

119,287

135,059

91,406

77,281

76,682

71,443

63,627

52,745

46,289

32,500

33,191

General and administrative

45,252

49,195

40,453

31,516

37,810

41,671

35,466

31,086

24,175

19,542

18,208

Transaction costs

1,211

2,057

44,398

192

3,058

4,850

4,410

3,520

3,996

14,345

8,665

IPO Costs

-

-

-

-

-

-

-

-

-10,733

-

-

Total operating expenses

1,348,044

1,505,181

1,175,121

939,598

932,425

917,803

805,841

722,628

670,726

475,154

492,392

Other income

1,242

2,791

269

303

1,598

807

903

433

1,001

629

955

Interest income

8,720

4,891

2,987

1,695

1,563

1,881

1,665

1,664

1,682

3,352

618

Interest Expense

91,295

101,643

78,322

58,820

54,788

56,810

64,348

83,689

95,362

86,735

87,849

Income from discontinued operations

-

-

-

-

-

-

7,436

-2,143

20,949

19,571

-43,290

Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property

-9,300

30,941

8,980

45,929

28,398

353

0

-634

0

-

-

Gain (Loss) on Extinguishment of Debt

-214

5,996

0

0

-

-

-

-

-

-

-

Gain on foreclosure

-

-

-

-

-

-

4,863

0

0

-

-

(Loss) income before equity in income (loss) from unconsolidated joint ventures

127,301

199,019

117,724

209,504

152,288

137,272

107,622

44,831

-8,500

-41,242

-122,907

Gain (Loss) on Investments

0

0

2,670

0

0

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-1,673

636

133

0

0

-

-

-

-

-

-

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

125,628

199,655

117,857

209,504

-

-

-

-

-

-

-

Income from operations

-

-

-

-

191,414

136,127

106,743

43,462

-9,240

-42,187

-124,708

Income tax benefit (expense)

-3,751

8,793

42,118

8,190

-39,126

1,145

879

1,369

740

945

1,801

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

129,379

190,862

75,739

201,314

219,812

136,480

114,179

41,319

11,709

-22,616

-167,998

Common Stock, Dividends, Per Share, Declared

1.32

1.32

1.32

-

1.32

-

-

-

-

-

-

Net loss (income) attributable to noncontrolling interests:
Noncontrolling interest in consolidated joint ventures

-289

17

117

55

77

171

540

-404

47

-213

-

Noncontrolling interest in the Operating Partnership

487

719

291

907

1,514

868

718

425

255

-

-

Operating income

-

-

-

-

203,915

191,394

164,539

127,057

84,179

41,512

-36,631

Preferred Stock Dividends and Other Adjustments

186

1,483

496

0

0

-

-

-

-

-

-

Redemption of preferred equity - consolidated joint venture

-1,153

0

0

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

127,842

188,643

74,835

200,352

218,221

-

-

-

11,407

-22,403

-167,998

Preferred Stock Dividends, Income Statement Impact

25,115

25,115

8,372

0

0

-

-

-

-

-

-

Distributions to preferred unitholders

-

-

-

-

-

-

-

-

61

62

62

Net (loss) income attributable to common shareholders

102,727

163,528

66,463

200,352

218,221

135,441

112,921

41,298

11,346

-22,465

-168,060

Basic per common share data:
Net income per share attributable to common shareholders before discontinued operations (in dollars per share)

-

-

-

-

-

-

0.89

0.40

-0.10

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

0.06

-0.02

0.22

-

-

Net income per share attributable to common shareholders - basic (in dollars per share)

0.59

0.93

0.47

1.61

1.69

1.06

0.95

0.38

0.12

-

-

Weighted-average number of common shares - basic (in shares)

171,287

174,225

140,616

123,651

128,444

127,360

117,950

105,423

95,340

-

-

Diluted per common share data:
Net income per share attributable to common shareholders before discontinued operations (in dollars per share)

-

-

-

-

-

-

0.88

0.40

-0.10

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

0.06

-0.02

0.22

-

-

Net income per share attributable to common shareholders - diluted (in dollars per share)

0.59

0.93

0.47

1.61

1.68

1.05

0.94

0.38

0.12

-

-

Weighted-average number of common shares - diluted (in shares)

171,388

174,316

140,694

123,879

128,967

128,293

118,738

105,748

95,340

-

-

Amounts attributable to the Companys common shareholders:
Income from operations

-

-

-

-

-

135,090

105,539

43,423

-9,428

-

-

Income from discontinued operations

-

-

-

-

-

-

7,382

-2,125

20,774

-

-

Gain (loss) on sale of hotel properties

-

-

-

-

-

351

0

-

-

-

-

Net income attributable to common shareholders

102,727

163,528

66,463

200,352

218,221

135,441

112,921

41,298

11,346

-22,465

-168,060

Comprehensive (loss) income:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

129,379

190,862

75,739

201,314

219,812

136,480

114,179

41,319

11,709

-22,616

-167,998

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax

-33,459

7,349

13,748

11,700

-2,958

-7,703

-5,941

1,782

2,024

-

-

Reclassification of unrealized gain on discontinued cash flow hedges to interest expense

-2,250

0

0

-

-

-

-

-

-

-

-

Comprehensive (loss) income

93,670

198,211

89,487

213,014

216,854

128,777

108,238

43,101

13,733

-

-

Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable

-289

17

117

55

77

-

-540

404

-47

-

-

Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Nonredeemable

487

719

291

907

1,514

-

-718

-425

-255

-

-

Preferred Stock Dividends and Other Adjustments

186

1,483

496

-

-

-

-

-

-

-

-

Redemption of preferred equity - consolidated joint venture

-1,153

0

0

-

-

-

-

-

-

-

-

Comprehensive (loss) income attributable to RLJ

93,286

195,992

88,583

212,052

215,263

127,738

106,980

43,080

13,431

-

-

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

1,317,085

1,473,047

1,146,882

1,010,637

985,361

969,402

844,741

738,207

653,044

445,630

389,622

Cost of Goods and Services Sold

329,077

364,820

270,729

228,656

220,101

213,071

186,667

162,039

145,859

96,389

84,131

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

177,499

205,518

157,672

111,691

114,818

107,538

97,083

87,549

81,741

57,710

54,806

Cost of Goods and Services Sold

134,206

157,156

113,914

79,589

81,117

75,468

67,945

60,427

56,540

37,798

35,379

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

71,608

82,659

51,707

37,667

36,161

32,257

28,556

23,929

20,120

13,326

11,333

Cost of Goods and Services Sold

373,130

417,110

304,595

241,654

239,966

243,004

221,337

256,565

229,810

159,267

143,379

Hotel [Member]
Cost of Goods and Services Sold

957,210

1,077,229

811,871

668,109

657,646

646,345

575,107

508,937

458,113

311,827

279,399