Sunstone Hotel Investors, Inc. SHO Income Statement

Sunstone hotel investors, inc. (SHO)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
REVENUES
Total revenues
1,115,167	1,159,053	1,193,638	1,189,340	1,249,180	1,141,998	923,824	829,084	721,794	515,600	609,312
OPERATING EXPENSES
Advertising and promotion
54,369	55,523	58,572	60,086	61,892	54,992	47,306	42,474	37,226	27,326	31,545
Repairs and maintenance
41,619	43,111	46,298	44,307	46,557	45,901	35,884	32,042	29,067	22,608	26,819
Utilities
27,311	29,324	30,419	30,424	34,543	34,141	27,006	25,596	25,537	19,117	24,429
Franchise costs
32,265	35,423	36,681	36,647	40,096	38,271	32,932	30,067	25,595	18,032	20,658
Property tax, ground lease and insurance
83,265	82,414	83,716	82,979	94,967	84,665	79,004	66,830	58,010	35,280	42,820
Other property-level expenses
130,321	132,419	138,525	142,742	142,332	126,737	103,454	94,642	85,293	-	-
Corporate overhead
30,264	30,247	28,817	25,991	33,339	28,739	26,671	24,316	25,453	61,753	71,019
Corporate overhead
-	-	-	-	-	-	-	-	-	21,751	25,227
Depreciation and amortization
147,748	146,449	158,634	163,016	164,716	155,845	137,476	130,907	113,708	79,633	92,457
Impairment losses
24,713	1,394	40,053	-	0	-	-	-	10,862	-	30,852
Total operating expenses
977,794	977,163	1,052,633	1,018,925	1,068,744	985,255	824,626	750,074	679,119	488,025	605,229
Operating income
-	-	-	188,828	180,436	156,743	99,198	79,010	42,675	27,575	4,083
Interest and other income
16,557	10,500	4,340	1,800	3,885	3,479	2,821	297	3,115	112	1,388
Equity in earnings of unconsolidated joint ventures
-	-	-	-	-	-	-	-	21	555	-27,801
Interest expense
54,223	47,690	51,766	50,283	66,516	72,315	72,239	76,821	74,195	58,931	75,869
Gain on sale of assets
42,935	116,961	45,474	18,413	226,217	-	-	-	-	-	-
Loss on extinguishment of debt
-	-800	-800	-284	-2,964	-4,638	-44	-191	-	-	-
Gain on remeasurement of equity interests
-	-	-	-	-	-	-	-	69,230	-	-
(Loss) income before income taxes
142,642	260,826	138,229	140,061	341,058	83,269	29,736	2,295	40,846	-30,689	-
Income tax (provision) benefit, net
-151	1,767	-7,775	-616	1,434	179	8,145	1,148	-	-	-
Gain on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	54,506
Income from continuing operations
142,793	259,059	146,004	140,677	339,624	83,090	21,591	1,147	40,846	-30,689	-43,693
Income from discontinued operations
-	-	7,000	-	15,895	4,849	48,410	48,410	40,453	69,231	-225,915
NET (LOSS) INCOME
142,793	259,059	153,004	140,677	355,519	87,939	70,001	49,557	81,299	38,542	-269,608
Loss (income) from consolidated joint venture attributable to noncontrolling interest
7,060	8,614	7,628	6,480	8,164	6,708	4,045	1,761	312	-	-
Preferred stock dividends
12,830	12,830	12,830	15,964	9,200	9,200	-	-	-	-	-
(LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
122,903	237,615	132,546	118,233	338,155	72,031	46,943	18,017	53,000	17,788	-290,804
Preferred stock dividends and redemption charge
-	-	-	-	-	-	19,013	29,748	27,321	20,652	20,749
Distributions to non-controlling interest
-	-	-	-	-	-	-	31	30	-	-
Dividends paid on unvested restricted stock compensation
-	-	-	-	-	-	-	-	0	-	447
Undistributed income allocated to unvested restricted stock compensation
-	-	-	-	-	-	-	-	636	102	-
Pension liability adjustment
-	-	-	-	-	-	-	-	-	156	-
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
-	-	-	-	-	-	-	-	-	17,632	-
Basic and diluted per share amounts:
Income from continuing operations attributable to common stockholders (in dollars per share)
0.54	1.05	0.56	0.55	1.54	0.34	-0.01	-0.24	0.11	-0.52	-
Income from discontinued operations (in dollars per share)
-	-	0.03	-	0.08	0.03	0.30	0.38	0.34	0.70	-
Basic and diluted (loss) income attributable to common stockholders per common share (in dollars per share)
0.54	1.05	0.59	0.55	1.62	0.37	0.29	0.14	0.45	0.18	-
Basic and diluted weighted average common shares outstanding (in shares)
225,681	225,924	221,898	214,966	207,350	192,674	161,784	127,027	117,206	99,709	-
Income (loss) from continuing operations available (attributable) to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.93
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-3.24
Basic income available (loss attributable) to common stockholders per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-4.17
Income (loss) from continuing operations available (attributable) to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.93
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-3.24
Diluted income available (loss attributable) to common stockholders per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-4.17
Basic (in shares)
-	-	-	-	-	-	-	-	-	-	69,820
Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	69,820
Room
Revenues
767,392	799,369	829,320	824,340	874,117	811,709	653,955	576,146	501,183	351,039	401,920
Expenses
202,889	210,204	213,301	211,947	224,035	214,899	170,361	147,932	128,225	92,101	100,578
Food and beverage
Revenues
272,869	284,668	296,933	294,415	293,892	259,358	213,346	200,810	175,103	138,188	157,219
Expenses
186,436	193,486	201,225	204,102	204,932	180,053	147,713	139,106	126,139	98,889	115,246
Other operating
Revenues
74,906	75,016	67,385	70,585	81,171	70,931	56,523	52,128	45,508	26,373	50,173
Expenses
16,594	17,169	16,392	16,684	21,335	21,012	16,819	16,162	14,004	11,535	23,579