Rlj lodging trust (RLJ)
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
Preferred Stock Redemption Premium

0

-

-

-

1,153

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues
Revenues

265,481

347,074

371,124

448,727

399,267

399,898

447,042

484,691

429,593

462,490

341,255

292,284

260,232

271,453

296,259

317,112

275,171

275,263

289,420

301,252

270,405

280,111

297,666

295,047

236,373

242,571

252,116

260,823

214,870

219,441

224,250

222,801

183,193

185,214

197,251

204,271

168,169

136,452

139,408

Expenses
Management and franchise fee expense

17,144

24,422

26,432

35,825

34,118

30,377

34,838

37,252

35,676

36,523

29,571

29,626

26,913

27,340

29,607

32,762

28,501

27,758

28,985

31,677

28,042

28,228

30,709

31,052

24,813

73,634

8,773

9,370

7,381

8,104

7,877

7,621

6,304

6,385

6,755

6,985

5,779

4,828

4,874

Depreciation and amortization

49,173

48,930

49,295

54,956

58,403

58,212

60,373

61,648

61,408

64,857

45,231

38,240

38,665

39,968

40,953

40,849

40,730

41,398

39,847

37,778

37,203

38,753

37,243

35,422

32,876

32,483

31,551

31,853

31,344

30,478

30,737

31,428

33,697

35,941

29,026

30,702

31,751

24,422

24,252

Impairment of Real Estate

-

-

-

-

-

-

-

-

0

0

0

0

0

-

-

-

-

-

-

-

-

-

9,200

0

-

-

0

-

-

-

896

-

-

-

-

-

-

-

-

Property tax, insurance and other

28,692

28,691

28,798

31,201

30,597

30,641

34,382

35,537

34,499

30,478

23,618

18,152

19,158

17,249

20,575

19,302

20,155

18,900

19,458

18,281

20,043

18,379

17,874

17,938

17,252

15,753

16,628

16,536

14,710

13,497

14,175

12,439

12,634

10,338

12,463

12,068

11,420

9,677

9,467

General and administrative

11,769

11,065

11,262

11,765

11,160

11,137

11,622

15,523

10,913

11,695

9,506

10,129

9,123

7,994

7,215

6,658

9,649

8,769

8,249

10,393

10,399

10,378

11,029

10,135

10,129

8,623

8,961

9,084

8,798

8,247

8,101

7,478

7,260

6,671

6,329

6,165

5,010

4,647

4,949

Transaction costs

10

438

-211

425

559

-123

261

247

1,672

7,475

32,607

3,691

625

-65

98

80

79

53

2,017

853

135

475

480

2,411

1,484

1,588

478

1,255

1,089

380

326

2,795

19

382

282

634

2,698

5,455

1,536

IPO Costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-89

-10,244

-

-

-

Total operating expenses

277,879

319,417

317,699

360,576

350,352

347,967

380,063

395,628

381,523

402,283

315,094

234,218

223,526

224,991

239,416

241,211

233,980

231,227

236,036

233,909

231,253

233,725

247,077

229,677

207,324

204,156

206,890

205,453

189,342

182,071

187,644

183,071

169,842

167,062

166,994

178,698

157,972

125,308

122,953

Other income

579

304

315

349

274

277

856

565

1,093

-54

110

73

140

215

112

-326

302

495

557

456

90

244

48

405

110

569

164

91

79

175

68

106

84

259

518

69

155

177

126

Interest income

2,966

3,785

2,691

1,073

1,171

1,552

1,149

960

1,230

681

1,157

664

485

454

430

414

397

382

373

363

445

259

337

962

323

888

241

240

296

411

416

418

419

418

424

357

483

2,730

68

Interest Expense

23,813

22,663

23,333

25,237

20,062

22,870

24,629

25,443

28,701

29,796

19,650

14,548

14,328

14,587

14,552

14,789

14,892

14,903

14,042

12,335

13,508

14,164

13,858

14,142

14,646

14,178

16,511

16,785

16,874

22,412

20,723

20,373

20,181

19,946

21,664

27,894

25,858

21,580

23,362

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,087

3,158

2,410

-219

-

-727

53

-

-890

22,970

-159

-972

-619

21,698

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

102

16,572

-1,037

-24,835

0

-2,016

35,895

796

-3,734

9,029

-19

30

-60

46,084

-5

22

-172

4,616

812

672

22,298

1,328

322

1,260

-2,557

0

0

0

0

-

0

-634

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

0

0

-

-14

-1,656

7

7,659

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on foreclosure

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,831

-

-

-

0

-

-

-

-

-

-

-

-

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

-32,564

25,441

32,061

39,501

30,298

25,126

78,594

65,948

29,351

40,037

10,429

44,255

23,003

78,473

42,833

61,200

26,998

30,010

40,272

55,827

26,179

32,725

37,116

52,595

14,836

25,726

33,951

38,916

9,029

15,544

16,367

19,247

-6,327

-1,117

9,535

-1,895

-15,023

-7,529

-6,713

Gain (Loss) on Investments

-

-

-

-

-

-

-

-

-

-

2,670

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

585

1,246

-135

-2,403

-381

-1

219

799

-381

76

57

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-31,979

26,687

31,926

37,098

29,917

25,125

78,813

66,747

28,970

40,113

10,486

44,255

23,003

-

42,833

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from operations

-

-

-

-

-

-

-

-

27,628

-

-

42,434

21,837

-

41,394

58,718

25,522

69,751

40,121

55,738

25,804

32,742

36,742

52,101

14,542

25,599

33,770

38,571

8,803

-

16,028

18,966

-

-311

8,677

-2,302

-15,304

-7,911

-6,975

Income tax benefit (expense)

-1,150

-8,225

-529

3,417

1,586

941

4,156

2,354

1,342

32,756

6,375

1,821

1,166

2,793

1,439

2,482

1,476

-39,741

151

89

375

-17

374

494

294

127

181

345

226

155

339

281

594

-806

858

407

281

382

262

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

-30,829

34,912

32,455

33,681

28,331

27,918

74,657

64,393

23,894

7,387

4,111

42,464

21,777

75,835

41,389

58,740

25,350

74,367

40,933

56,410

48,102

34,070

37,064

53,361

11,985

27,686

36,928

40,981

8,584

13,920

15,301

19,019

-6,921

-1,201

31,647

-2,461

-16,276

-8,530

14,723

Common Stock, Dividends, Per Share, Declared

-

-

-

-

-

-

-

-

0.33

0.33

0.33

0.33

0.33

-

0.33

0.33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-1,313

72

-104

96

-353

187

9

55

-234

122

32

29

-66

48

32

37

-62

51

49

46

-69

69

57

79

-34

219

166

203

-48

48

-44

-38

-370

102

22

83

-160

-

-

Noncontrolling interest in the Operating Partnership

-192

158

96

141

92

93

299

254

73

-26

43

189

85

354

183

256

114

530

290

373

321

156

247

378

87

18

293

268

139

142

149

172

-38

-

306

-21

-

-

-

Operating income

-

-

-

-

-

-

-

-

48,070

-

26,161

58,066

36,706

-

56,843

75,901

41,191

44,036

53,384

67,343

39,152

46,386

50,589

65,370

29,049

38,415

45,226

55,370

25,528

37,370

36,606

39,730

13,351

18,152

30,257

25,573

10,197

11,144

16,455

Preferred Stock Dividends and Other Adjustments

0

0

0

0

186

373

374

370

366

374

122

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred equity - consolidated joint venture

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-29,324

34,682

32,463

33,444

27,253

27,265

73,975

63,714

23,689

6,917

3,914

42,246

21,758

-

41,174

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,885

-6,513

-1,273

31,319

-2,523

-16,116

-8,530

14,723

Preferred Stock Dividends, Income Statement Impact

6,279

6,278

6,279

6,279

6,279

6,278

6,279

6,279

6,279

6,279

2,093

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to preferred unitholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

45

16

16

16

Net (loss) income attributable to common shareholders

-35,603

28,404

26,184

27,165

20,974

20,987

67,696

57,435

17,410

638

1,821

42,246

21,758

75,433

41,174

58,447

25,298

73,786

40,594

55,991

47,850

33,845

36,760

52,904

11,932

27,449

36,469

40,510

8,493

13,730

15,196

18,885

-6,513

-1,273

31,319

-2,568

-16,132

-8,546

14,707

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.23

0.27

0.31

0.08

-

0.15

0.18

-

-

0.08

-0.03

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.03

0.02

0.00

-

-0.01

-

-

-

0.22

-

-

-

-

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

-0.21

0.16

0.15

0.16

0.12

0.11

0.39

0.33

0.10

-0.05

0.01

0.34

0.17

0.61

0.33

0.47

0.20

0.58

0.32

0.43

0.36

0.26

0.28

0.42

0.10

0.24

0.30

0.33

0.08

0.12

0.14

0.18

-0.06

-

0.30

-0.03

-

-

-

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

167,149

169,193

170,495

172,661

172,796

174,141

174,326

174,238

174,193

174,697

140,249

123,785

123,734

123,698

123,621

123,544

123,739

124,171

127,663

130,670

131,272

131,334

131,106

125,260

121,740

121,870

121,594

121,520

106,815

105,518

105,453

105,388

105,332

-

105,228

88,767

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.22

0.27

0.31

0.08

-

0.15

0.18

-

-

0.08

-0.03

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.03

0.02

0.00

-

-0.01

-

-

-

0.22

-

-

-

-

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

-0.21

0.16

0.15

0.16

0.12

0.11

0.39

0.33

0.10

-0.05

0.01

0.34

0.17

0.61

0.33

0.47

0.20

0.59

0.31

0.42

0.36

0.25

0.28

0.42

0.10

0.23

0.30

0.33

0.08

0.12

0.14

0.18

-0.06

-

0.30

-0.03

-

-

-

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

167,149

169,330

170,600

172,766

172,856

174,152

174,479

174,364

174,268

174,755

140,307

123,871

123,841

123,594

123,836

123,942

124,141

123,822

128,143

131,618

132,286

131,445

132,386

126,475

122,867

122,500

122,750

122,280

107,423

106,698

105,509

105,454

105,332

-

105,228

88,767

-

-

-

Amounts attributable to the Companys common shareholders:
Income from operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58,425

25,470

-

39,788

55,324

25,702

32,527

36,440

51,652

14,471

25,375

33,334

38,120

8,710

-

15,917

18,832

-

-

-

-

-

-

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,074

3,135

2,390

-217

-

-721

53

-

-

-

-

-

-

-

Gain (loss) on sale of hotel properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

-172

-

806

667

22,148

1,318

320

1,252

-2,539

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Net income attributable to common shareholders

-35,603

28,404

26,184

27,165

20,974

20,987

67,696

57,435

17,410

638

1,821

42,246

21,758

-

41,174

58,447

-

-

-

-

-

33,845

36,760

52,904

11,932

27,449

36,469

40,510

8,493

13,730

15,196

18,885

-6,513

-1,273

31,319

-2,568

-16,132

-8,546

14,707

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

-30,829

34,912

32,455

33,681

28,331

27,918

74,657

64,393

23,894

7,387

4,111

42,464

21,777

75,835

41,389

58,740

25,350

74,367

40,933

56,410

48,102

34,070

37,064

53,361

11,985

27,686

36,928

40,981

8,584

13,920

15,301

19,019

-6,921

-1,201

31,647

-2,461

-16,276

-8,530

14,723

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

-56,477

8,001

-5,679

-21,645

-14,136

-22,119

4,675

6,936

17,857

8,169

1,746

-1,715

5,548

27,844

9,470

-5,366

-20,248

15,692

-15,166

5,919

-9,403

-4,996

5,567

-6,913

-1,361

-7,313

-3,155

5,004

-477

1,018

389

381

-6

530

682

-384

1,196

-

-

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

0

0

0

0

-2,250

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive (loss) income

-87,306

42,913

26,776

12,036

11,945

5,799

79,332

71,329

41,751

15,556

5,857

40,749

27,325

103,679

50,859

53,374

5,102

90,059

25,767

62,329

38,699

29,074

42,631

46,448

10,624

20,373

33,773

45,985

8,107

-

-

-

-

-

-

-

-

-

-

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

-1,313

72

-104

96

-353

187

9

55

-234

122

32

29

-66

48

32

37

-62

51

49

46

-69

-

57

79

-34

-861

166

203

-48

-

-

-

-

-

-

-

-

-

-

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

-192

158

96

141

92

93

299

254

73

-26

43

189

85

354

183

256

114

530

290

373

321

-

247

378

87

-1,418

293

268

139

-

-

-

-

-

-

-

-

-

-

Preferred Stock Dividends and Other Adjustments

0

-

0

-

186

-

374

-

366

-

122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred equity - consolidated joint venture

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive (loss) income attributable to RLJ

-85,801

43,836

26,784

11,799

10,867

5,146

78,650

70,650

41,546

15,086

5,660

40,531

27,306

103,277

50,644

53,081

5,050

89,478

25,428

61,910

38,447

28,849

42,327

45,991

10,571

32,933

20,517

45,514

8,016

14,748

15,585

19,266

-6,519

-743

32,001

-2,907

-14,920

-

-

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

218,892

286,363

314,195

378,857

337,670

334,933

377,237

403,232

357,645

376,132

292,046

253,739

224,965

233,427

260,659

277,039

239,512

237,399

253,163

262,240

232,559

242,035

261,895

259,447

206,025

209,585

221,318

228,390

185,448

188,590

196,642

194,396

158,579

157,827

172,589

177,903

144,725

119,134

119,402

Cost of Goods and Services Sold

63,753

75,341

80,650

88,898

84,188

85,231

95,161

94,459

89,969

94,206

69,380

55,221

51,922

54,872

59,671

59,085

55,028

54,498

56,310

55,207

54,086

54,402

57,012

54,136

47,521

47,117

49,388

47,065

43,097

40,969

43,299

40,841

36,930

35,106

39,012

38,133

33,608

25,304

25,551

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

30,767

44,348

39,447

49,458

44,246

47,668

47,211

58,444

52,195

66,280

35,580

29,121

26,691

29,088

26,001

30,047

26,555

29,211

27,027

29,587

28,993

29,614

27,076

27,481

23,367

25,876

22,907

25,088

23,212

24,297

21,345

22,402

19,505

22,077

19,497

21,254

18,913

13,870

16,444

Cost of Goods and Services Sold

26,381

32,662

31,425

35,910

34,209

35,707

37,780

42,406

41,263

47,455

27,061

20,101

19,297

20,112

19,135

20,525

19,817

20,367

19,494

20,492

20,764

20,452

19,397

18,746

16,873

17,539

16,629

17,220

16,557

15,344

15,135

15,508

14,440

14,772

13,479

14,870

13,419

9,443

11,343

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

15,822

16,363

17,482

20,412

17,351

17,297

22,594

23,015

19,753

20,078

13,629

9,424

8,576

8,938

9,599

10,026

9,104

8,653

9,230

9,425

8,853

8,462

8,695

8,119

6,981

7,110

7,891

7,345

6,210

6,554

6,263

6,003

5,109

5,310

5,165

5,114

4,531

3,448

3,562

Cost of Goods and Services Sold

80,957

84,368

90,048

101,596

97,118

96,785

105,646

108,556

106,123

109,594

78,120

59,058

57,823

57,521

62,162

61,950

60,021

58,481

61,676

59,228

60,581

62,658

64,133

59,837

56,376

7,419

74,482

73,070

66,366

65,948

67,098

64,961

58,558

57,067

59,559

58,897

54,287

41,532

40,981

Hotel [Member]
Cost of Goods and Services Sold

188,235

216,793

228,555

262,229

249,633

248,100

273,425

282,673

273,031

287,778

204,132

164,006

155,955

159,845

170,575

174,322

163,367

161,104

166,465

166,604

163,473

165,740

171,251

163,771

145,583

145,709

149,272

146,725

133,401

130,365

133,409

128,931

116,232

113,330

118,805

118,885

107,093

81,107

82,749

AOCI Attributable to Parent [Member]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax

-56,477

-

-5,679

-21,645

-14,136

-

4,675

6,936

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

0

0

-2,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-