RLJ LODGING TRUST RLJ Income Statement

Rlj lodging trust (RLJ)

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
Preferred Stock Redemption Premium
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
Revenues
1,432,406	1,566,192	1,619,016	1,694,934	1,730,898	1,761,224	1,823,816	1,718,029	1,525,622	1,356,261	1,165,224	1,120,228	1,145,056	1,159,995	1,163,805	1,156,966	1,141,106	1,136,340	1,141,188	1,149,434	1,143,229	1,109,197	1,071,657	1,026,107	991,883	970,380	947,250	919,384	881,362	849,685	815,458	788,459	769,929	754,905	706,143	648,300	0	0	0
Expenses
Management and franchise fee expense
103,823	120,797	126,752	135,158	136,585	138,143	144,289	139,022	131,396	122,633	113,450	113,486	116,622	118,210	118,628	118,006	116,921	116,462	116,932	118,656	118,031	114,802	160,208	138,272	116,590	99,158	33,628	32,732	30,983	29,906	28,187	27,065	26,429	25,904	24,347	22,466	0	0	0
Depreciation and amortization
202,354	211,584	220,866	231,944	238,636	241,641	248,286	233,144	209,736	186,993	162,104	157,826	160,435	162,500	163,930	162,824	159,753	156,226	153,581	150,977	148,621	144,294	138,024	132,332	128,763	127,231	125,226	124,412	123,987	126,340	131,803	130,092	129,366	127,420	115,901	111,127	0	0	0
Impairment of Real Estate
-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Property tax, insurance and other
117,382	119,287	121,237	126,821	131,157	135,059	134,896	124,132	106,747	91,406	78,177	75,134	76,284	77,281	78,932	77,815	76,794	76,682	76,161	74,577	74,234	71,443	68,817	67,571	66,169	63,627	61,371	58,918	54,821	52,745	49,586	47,874	47,503	46,289	45,628	42,632	0	0	0
General and administrative
45,861	45,252	45,324	45,684	49,442	49,195	49,753	47,637	42,243	40,453	36,752	34,461	30,990	31,516	32,291	33,325	37,060	37,810	39,419	42,199	41,941	41,671	39,916	37,848	36,797	35,466	35,090	34,230	32,624	31,086	29,510	27,738	26,425	24,175	22,151	20,771	0	0	0
Transaction costs
662	1,211	650	1,122	944	2,057	9,655	42,001	45,445	44,398	36,858	4,349	738	192	310	2,229	3,002	3,058	3,480	1,943	3,501	4,850	5,963	5,961	4,805	4,410	3,202	3,050	4,590	3,520	3,522	3,478	1,317	3,996	9,069	10,323	0	0	0
IPO Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Total operating expenses
1,275,571	1,348,044	1,376,594	1,438,958	1,474,010	1,505,181	1,559,497	1,494,528	1,333,118	1,175,121	997,829	922,151	929,144	939,598	945,834	942,454	935,152	932,425	934,923	945,964	941,732	917,803	888,234	848,047	823,823	805,841	783,756	764,510	742,128	722,628	707,619	686,969	682,596	670,726	628,972	584,931	0	0	0
Other income
1,547	1,242	1,215	1,756	1,972	2,791	2,460	1,714	1,222	269	538	540	141	303	583	1,028	1,810	1,598	1,347	838	787	807	1,132	1,248	934	903	509	413	428	433	517	967	930	1,001	919	527	0	0	0
Interest income
10,515	8,720	6,487	4,945	4,832	4,891	4,020	4,028	3,732	2,987	2,760	2,033	1,783	1,695	1,623	1,566	1,515	1,563	1,440	1,404	2,003	1,881	2,510	2,414	1,692	1,665	1,188	1,363	1,541	1,664	1,671	1,679	1,618	1,682	3,994	3,638	0	0	0
Interest Expense
95,046	91,295	91,502	92,798	93,004	101,643	108,569	103,590	92,695	78,322	63,113	58,015	58,256	58,820	59,136	58,626	56,172	54,788	54,049	53,865	55,672	56,810	56,824	59,477	62,120	64,348	72,582	76,794	80,382	83,689	81,223	82,164	89,685	95,362	96,996	98,694	0	0	0
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,436	4,622	1,517	0	-	0	0	-	20,949	21,220	19,948	0	0	0
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
-9,198	-9,300	-27,888	9,044	34,675	30,941	41,986	6,072	5,306	8,980	46,035	46,049	46,041	45,929	4,461	5,278	5,928	28,398	25,110	24,620	25,208	353	-975	-1,297	-2,557	0	0	-634	0	-	0	0	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-14	-1,670	-	5,996	6,010	7,666	7,659	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on foreclosure
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
(Loss) income before equity in income (loss) from unconsolidated joint ventures
64,439	127,301	126,986	173,519	199,966	199,019	213,930	145,765	124,072	117,724	156,160	188,564	205,509	209,504	161,041	158,480	153,107	152,288	155,003	151,847	148,615	137,272	130,273	127,108	113,429	107,622	97,440	79,856	60,187	44,831	28,170	21,338	196	-8,500	-14,912	-31,160	0	0	0
Gain (Loss) on Investments
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
-707	-1,673	-2,920	-2,566	636	636	713	551	-248	133	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
63,732	125,628	124,066	170,953	200,602	199,655	214,643	146,316	123,824	117,857	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from operations
-	-	-	-	-	-	-	-	0	-	-	135,416	151,700	-	195,385	194,112	191,132	191,414	154,405	151,026	147,389	136,127	128,984	126,012	112,482	106,743	97,172	82,368	0	-	0	0	-	-9,240	-16,840	-32,492	0	0	0
Income tax benefit (expense)
-6,487	-3,751	5,415	10,100	9,037	8,793	40,608	42,827	42,294	42,118	12,155	7,219	7,880	8,190	-34,344	-35,632	-38,025	-39,126	598	821	1,226	1,145	1,289	1,096	947	879	907	1,065	1,001	1,369	408	927	1,053	740	1,928	1,332	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
70,219	129,379	122,385	164,587	195,299	190,862	170,331	99,785	77,856	75,739	144,187	181,465	197,741	201,314	199,846	199,390	197,060	219,812	179,515	175,646	172,597	136,480	130,096	129,960	117,580	114,179	100,413	78,786	56,824	41,319	26,198	42,544	21,064	11,709	4,380	-12,544	0	0	0
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
-1,249	-289	-174	-61	-102	17	-48	-25	-51	117	43	43	51	55	58	75	84	77	95	103	136	171	321	430	554	540	369	159	-82	-404	-350	-284	-163	47	0	0	0	-	-
Noncontrolling interest in the Operating Partnership
203	487	422	625	738	719	600	344	279	291	671	811	878	907	1,083	1,190	1,307	1,514	1,140	1,097	1,102	868	730	776	666	718	842	698	602	425	589	419	0	-	0	0	-	-	-
Operating income
-	-	-	-	-	-	-	-	0	-	0	198,077	215,912	-	217,971	214,512	205,954	203,915	206,265	203,470	201,497	191,394	183,423	178,060	168,060	164,539	163,494	154,874	139,234	127,057	107,839	101,490	87,333	84,179	77,171	63,369	0	0	0
Preferred Stock Dividends and Other Adjustments
0	186	559	933	1,303	1,483	1,484	1,232	862	496	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred equity - consolidated joint venture
-	-	1,153	1,153	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
71,265	127,842	120,425	161,937	192,207	188,643	168,295	98,234	76,766	74,835	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,418	21,010	11,407	4,150	-12,446	0	0	0
Preferred Stock Dividends, Income Statement Impact
25,115	25,115	25,115	25,115	25,115	25,115	25,116	20,930	14,651	8,372	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to preferred unitholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61	77	93	0	0	0
Net (loss) income attributable to common shareholders
46,150	102,727	95,310	136,822	167,092	163,528	143,179	77,304	62,115	66,463	141,258	180,611	196,812	200,352	198,705	198,125	195,669	218,221	178,280	174,446	171,359	135,441	129,045	128,754	116,360	112,921	99,202	77,929	56,304	41,298	26,295	42,418	20,965	11,346	4,073	-12,539	0	0	0
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	192,891	189,790	-	153,341	149,993	146,321	135,090	127,938	124,832	111,300	105,539	96,081	81,579	0	-	0	0	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,382	4,587	1,505	0	-	0	0	-	-	-	-	-	-	-
Gain (loss) on sale of hotel properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,234	5,879	-	24,939	24,453	25,038	351	-967	-1,287	-2,539	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Net income attributable to common shareholders
46,150	102,727	95,310	136,822	167,092	163,528	143,179	77,304	62,115	66,463	0	163,625	0	-	0	0	-	-	-	-	-	135,441	129,045	128,754	116,360	112,921	99,202	77,929	56,304	41,298	26,295	42,418	20,965	11,346	4,073	-12,539	0	0	0
Comprehensive (loss) income:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
70,219	129,379	122,385	164,587	195,299	190,862	170,331	99,785	77,856	75,739	144,187	181,465	197,741	201,314	199,846	199,390	197,060	219,812	179,515	175,646	172,597	136,480	130,096	129,960	117,580	114,179	100,413	78,786	56,824	41,319	26,198	42,544	21,064	11,709	4,380	-12,544	0	0	0
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax
-75,800	-33,459	-63,579	-53,225	-24,644	7,349	37,637	34,708	26,057	13,748	33,423	41,147	37,496	11,700	-452	-25,088	-13,803	-2,958	-23,646	-2,913	-15,745	-7,703	-10,020	-18,742	-6,825	-5,941	2,390	5,934	1,311	1,782	1,294	1,587	822	2,024	0	0	0	-	-
Reclassification of unrealized gain on discontinued cash flow hedges to interest expense
0	-2,250	-2,250	-2,250	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive (loss) income
-5,581	93,670	56,556	109,112	168,405	198,211	207,968	134,493	103,913	89,487	177,610	222,612	235,237	213,014	199,394	174,302	183,257	216,854	155,869	172,733	156,852	128,777	120,076	111,218	110,755	108,238	0	0	0	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable
-1,249	-289	-174	-61	-102	17	-48	-25	-51	117	43	43	51	55	58	75	84	77	0	0	0	-	-759	-650	-526	-540	0	0	0	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Nonredeemable
203	487	422	625	738	719	600	344	279	291	671	811	878	907	1,083	1,190	1,307	1,514	0	0	0	-	-706	-660	-770	-718	0	0	0	-	-	-	-	-	-	-	-	-	-
Preferred Stock Dividends and Other Adjustments
0	-	0	-	0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred equity - consolidated joint venture
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive (loss) income attributable to RLJ
-3,382	93,286	54,596	106,462	165,313	195,992	205,932	132,942	102,823	88,583	176,774	221,758	234,308	212,052	198,253	173,037	181,866	215,263	154,634	171,533	155,614	127,738	131,822	110,012	109,535	106,980	88,795	83,863	57,615	43,080	27,589	44,005	21,832	13,431	0	0	0	-	-
Occupancy [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
1,198,307	1,317,085	1,365,655	1,428,697	1,453,072	1,473,047	1,514,246	1,429,055	1,279,562	1,146,882	1,004,177	972,790	996,090	1,010,637	1,014,609	1,007,113	992,314	985,361	989,997	998,729	995,936	969,402	936,952	896,375	865,318	844,741	823,746	799,070	765,076	738,207	707,444	683,391	666,898	653,044	614,351	561,164	0	0	0
Cost of Goods and Services Sold
308,642	329,077	338,967	353,478	359,039	364,820	373,795	348,014	308,776	270,729	231,395	221,686	225,550	228,656	228,282	224,921	221,043	220,101	220,005	220,707	219,636	213,071	205,786	198,162	191,091	186,667	180,519	174,430	168,206	162,039	156,176	151,889	149,181	145,859	136,057	122,596	0	0	0
Food and Beverage [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
164,020	177,499	180,819	188,583	197,569	205,518	224,130	212,499	183,176	157,672	120,480	110,901	111,827	111,691	111,814	112,840	112,380	114,818	115,221	115,270	113,164	107,538	103,800	99,631	97,238	97,083	95,504	93,942	91,256	87,549	85,329	83,481	82,333	81,741	73,534	70,481	0	0	0
Cost of Goods and Services Sold
126,378	134,206	137,251	143,606	150,102	157,156	168,904	158,185	135,880	113,914	86,571	78,645	79,069	79,589	79,844	80,203	80,170	81,117	81,202	81,105	79,359	75,468	72,555	69,787	68,261	67,945	65,750	64,256	62,544	60,427	59,855	58,199	57,561	56,540	51,211	49,075	0	0	0
Hotel, Other [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
70,079	71,608	72,542	77,654	80,257	82,659	85,440	76,475	62,884	51,707	40,567	36,537	37,139	37,667	37,382	37,013	36,412	36,161	35,970	35,435	34,129	32,257	30,905	30,101	29,327	28,556	28,000	26,372	25,030	23,929	22,685	21,587	20,698	20,120	18,258	16,655	0	0	0
Cost of Goods and Services Sold
356,969	373,130	385,547	401,145	408,105	417,110	429,919	402,393	352,895	304,595	252,522	236,564	239,456	241,654	242,614	242,128	239,406	239,966	244,143	246,600	247,209	243,004	187,765	198,114	211,347	221,337	279,866	272,482	264,373	256,565	247,684	240,145	234,081	229,810	214,275	195,697	0	0	0
Hotel [Member]
Cost of Goods and Services Sold
895,812	957,210	988,517	1,033,387	1,053,831	1,077,229	1,116,907	1,047,614	928,947	811,871	683,938	650,381	660,697	668,109	669,368	665,258	657,540	657,646	662,282	667,068	664,235	646,345	626,314	604,335	587,289	575,107	559,763	543,900	526,106	508,937	491,902	477,298	467,252	458,113	425,890	389,834	0	0	0
AOCI Attributable to Parent [Member]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax
0	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of unrealized gain on discontinued cash flow hedges to interest expense
-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-