Sunstone Hotel Investors, Inc. SHO Income Statement

Sunstone hotel investors, inc. (SHO)

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	Dec'10	Sep'10	Jun'10	Mar'10
REVENUES
Total revenues
1,048,699	1,115,167	1,123,067	1,130,736	1,145,287	1,159,053	1,168,391	1,182,992	1,184,341	1,193,638	1,193,032	1,192,427	1,195,791	1,189,340	1,200,689	1,221,980	1,239,087	1,249,180	1,238,127	1,221,315	1,182,900	1,141,998	1,096,013	1,038,600	972,386	923,824	912,896	867,567	845,771	829,084	746,792	739,238	740,970	721,794	635,952	590,940	533,759	515,600	0	0	0
OPERATING EXPENSES
Advertising and promotion
53,267	54,369	54,706	55,014	55,181	55,523	55,577	56,937	57,532	58,572	59,611	59,673	60,039	60,086	60,925	61,235	61,525	61,892	60,504	59,293	57,381	54,992	53,280	51,427	49,012	47,306	46,866	44,885	43,838	42,474	39,119	38,508	38,505	37,226	32,851	30,958	28,541	27,326	0	0	0
Repairs and maintenance
41,386	41,619	41,734	41,632	42,290	43,111	44,137	46,489	46,434	46,298	45,813	43,807	44,010	44,307	44,898	45,881	46,263	46,557	47,059	47,253	46,578	45,901	43,481	40,822	38,391	35,884	35,288	33,615	32,933	32,042	28,737	28,791	29,278	29,067	26,347	25,024	23,417	22,608	0	0	0
Utilities
26,488	27,311	27,447	28,073	28,514	29,324	30,108	30,355	30,672	30,419	30,154	30,075	30,132	30,424	30,921	32,043	33,072	34,543	35,289	35,426	34,837	34,141	32,387	30,771	29,112	27,006	26,964	26,012	25,775	25,596	22,575	23,499	24,696	25,537	23,064	21,790	20,133	19,117	0	0	0
Franchise costs
30,762	32,265	32,466	33,027	34,409	35,423	36,295	36,559	36,479	36,681	36,612	36,589	36,606	36,647	37,489	38,672	39,592	40,096	39,920	39,351	38,794	38,271	37,273	36,021	34,531	32,932	32,665	31,852	30,574	30,067	27,088	26,413	26,316	25,595	22,082	20,527	18,767	18,032	0	0	0
Property tax, ground lease and insurance
82,968	83,265	81,598	80,087	80,981	82,414	83,897	84,927	84,210	83,716	84,515	84,060	81,426	82,979	84,495	89,200	94,194	94,967	94,063	90,964	89,226	84,665	83,819	81,704	79,588	79,004	74,787	71,757	69,744	66,830	63,461	62,540	59,572	58,010	48,578	42,765	38,965	35,280	0	0	0
Other property-level expenses
126,326	130,321	129,182	129,849	131,352	132,419	134,515	137,446	137,694	138,525	140,059	140,551	142,767	142,742	140,646	143,471	142,596	142,332	142,328	137,408	132,264	126,737	121,286	115,445	108,770	103,454	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Corporate overhead
30,142	30,264	31,180	31,145	30,661	30,247	29,288	29,161	29,140	28,817	27,658	26,817	26,053	25,991	26,035	25,689	25,803	33,339	34,551	35,682	36,433	28,739	27,965	27,374	27,059	26,671	-23,980	-7,675	8,577	24,316	26,449	26,439	27,343	25,453	75,545	70,709	64,628	61,753	0	0	0
Corporate overhead
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	28,051	26,001	24,828	21,751	0	0	0
Depreciation and amortization
148,107	147,748	146,752	145,338	146,148	146,449	148,764	152,324	154,515	158,634	161,898	162,621	163,776	163,016	162,974	163,863	164,056	164,716	163,168	161,837	158,937	155,845	151,823	146,873	141,075	137,476	135,580	134,911	134,041	130,907	119,277	117,386	118,368	113,708	101,057	91,610	82,297	79,633	0	0	0
Impairment losses
0	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Total operating expenses
1,076,180	977,794	951,463	953,337	965,632	977,163	997,059	1,046,676	1,047,177	1,052,633	1,049,907	1,013,528	1,016,173	1,018,925	1,026,201	1,044,064	1,055,240	1,068,744	1,063,102	1,047,732	1,022,784	985,255	950,360	909,411	862,461	824,626	809,341	782,132	768,344	750,074	681,537	689,103	691,586	679,119	605,282	552,455	510,204	488,025	0	0	0
Property and goodwill impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Operating income
-	-	-	-	-	-	-	-	-	-	161,538	197,312	198,031	188,828	174,488	177,916	183,847	180,436	175,025	173,583	160,116	156,743	145,653	129,189	109,925	99,198	103,555	85,435	77,427	79,010	65,255	50,135	49,384	42,675	30,670	38,485	23,555	27,575	0	0	0
Interest and other income
13,939	16,557	16,948	15,778	13,933	10,500	8,792	7,227	5,110	4,340	3,270	2,526	2,032	1,800	1,662	1,955	3,428	3,885	4,241	4,646	3,709	3,479	3,331	3,077	2,974	2,821	2,220	1,511	797	297	299	1,824	3,069	3,115	3,093	1,270	50	112	0	0	0
Equity in earnings of unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	101	301	464	555	0	0	0
Interest expense
57,404	54,223	59,482	57,772	53,140	47,690	42,034	47,493	49,393	51,766	44,606	38,734	41,522	50,283	62,514	67,783	69,200	66,516	68,669	70,316	71,358	72,315	73,365	74,167	73,108	72,239	72,261	72,719	74,876	76,821	74,028	74,737	75,770	74,195	63,800	60,285	56,674	58,931	0	0	0
Gain on sale of assets
-	-	-	-	-	116,961	68,787	15,659	16,848	45,474	63,697	0	0	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-800	-29	-29	-183	-284	-261	0	0	-	-	0	-	-	0	-	-	-44	-44	-44	-44	-191	0	0	0	-	-	-	-	-	-	-	-
Gain on remeasurement of equity interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
(Loss) income before income taxes
-28,011	142,642	176,409	235,872	240,915	260,826	206,057	110,889	108,909	138,229	147,424	188,326	202,643	140,061	343,173	353,307	341,223	341,058	118,170	103,273	87,829	83,269	75,088	58,099	39,791	29,736	33,470	14,183	3,304	2,295	0	0	0	-	-	-	-	-	-	-	-
Income tax (provision) benefit, net
9,631	-151	1,274	2,696	2,395	1,767	4,074	-9,590	-11,723	-7,775	-12,198	-641	-645	-616	-781	1,591	1,586	1,434	1,514	163	40	179	1,356	2,193	2,212	8,145	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	0	-	21,591	25,612	6,749	-4,001	1,147	-8,665	-22,969	-23,508	40,846	39,294	49,001	36,625	-30,689	0	0	0
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	0	-	48,410	50,254	92,856	95,452	48,410	54,696	12,891	40,504	40,453	70,089	100,588	74,343	69,231	0	0	0
NET (LOSS) INCOME
-37,642	142,793	175,135	233,176	238,520	259,059	201,983	127,479	127,632	153,004	166,622	188,967	203,288	140,677	343,954	367,611	355,532	355,519	132,201	102,760	92,638	87,939	78,931	61,105	37,579	70,001	75,866	99,605	91,451	49,557	46,031	-10,078	16,996	81,299	109,383	149,589	110,968	38,542	0	0	0
Loss (income) from consolidated joint venture attributable to noncontrolling interest
5,003	7,060	7,487	7,355	7,774	8,614	8,473	8,266	8,075	7,628	7,466	7,350	6,822	6,480	6,879	6,808	7,633	8,164	7,647	7,468	6,655	6,708	6,458	6,423	5,982	4,045	3,358	2,417	1,498	1,761	1,663	1,080	0	-	0	0	-	-	-	-	-
Preferred stock dividends
12,830	12,830	12,830	12,830	12,830	12,830	12,830	12,830	12,830	12,830	12,830	12,829	16,405	15,964	15,056	0	0	-	0	-	9,200	9,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
-55,475	122,903	154,818	212,991	217,916	237,615	180,680	106,383	106,727	132,546	146,326	168,788	180,061	118,233	322,019	346,654	338,233	338,155	115,354	86,092	76,783	72,031	63,772	45,842	21,413	46,943	48,251	67,573	56,490	18,017	14,225	-40,674	-13,653	53,000	83,455	125,702	89,746	17,788	0	0	0
Preferred stock dividends and redemption charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	19,013	24,150	29,287	33,214	29,748	29,748	29,748	29,621	27,321	25,021	22,725	20,602	20,652	0	0	0
Distributions to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31	31	31	31	32	32	31	30	0	0	0	-	-	-	-
Dividends paid on unvested restricted stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Undistributed income allocated to unvested restricted stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	397	90	334	636	870	0	0	-	0	-	-
Undistributed income allocated to Series C preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
COMPREHENSIVE INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Basic and diluted per share amounts:
Income from continuing operations attributable to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.02	-	-	-	0.16	-	-	-	0.20	-	-	-	0.14	0.19	-	0.03	0.07	0.09	-0.20	0.03	-0.09	0.01	-0.19	-	-	-	-	-	-	-	-
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.03	-	-	-	-	-	-	-	0.08	-	-	-	-	0.03	-	0.00	-0.01	-0.01	0.32	0.03	0.32	0.02	0.01	-	-	-	-	-	-	-	-
Basic and diluted (loss) income attributable to common stockholders per common share (in dollars per share)
-0.75	0.18	0.12	0.18	0.06	0.32	0.38	0.20	0.15	0.06	0.05	0.21	0.27	0.15	0.16	0.26	-0.02	1.13	0.28	0.23	-0.02	0.05	0.14	0.22	-0.04	0.01	0.07	0.09	0.12	0.06	0.23	0.03	-0.18	-	-	-	-	-	-	-	-
Basic and diluted weighted average common shares outstanding (in shares)
221,036	223,586	224,530	227,389	227,219	227,114	227,068	225,232	224,282	224,227	224,142	220,130	219,093	216,179	215,413	215,385	212,887	207,619	207,604	207,577	206,600	204,231	202,800	182,604	181,061	174,361	160,856	160,843	151,076	135,417	135,236	120,029	117,426	-	-	-	-	-	-	-	-
Distributions declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	0.05	-	0.05	0.05	0.05	-	0.05	0.05	0.05	-	0.05	0.05	0.05	-	0.05	0.05	0.05	-	0.05	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-
Income (loss) from continuing operations available (attributable) to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.21	0.01	0.38	-	-0.13	-0.09	-0.23
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.26	0.01	-	0.32	0.04	-0.04
Basic income available (loss attributable) to common stockholders per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.20	0.27	0.39	-	0.19	-0.05	-0.27
Income (loss) from continuing operations available (attributable) to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.21	0.01	0.38	-	-0.13	-0.09	-0.23
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.26	0.01	-	0.32	0.04	-0.04
Diluted income available (loss attributable) to common stockholders per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.20	0.27	0.39	-	0.19	-0.05	-0.27
Basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117,254	117,227	117,074	-	97,250	97,188	97,047
Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117,254	117,227	117,074	-	97,612	97,188	97,047
Room
Revenues
722,934	767,392	771,967	779,382	790,951	799,369	807,769	815,880	819,229	829,320	824,983	826,887	827,410	824,340	836,506	852,621	868,123	874,117	871,521	861,611	836,873	811,709	778,308	736,139	689,459	653,955	643,408	609,105	589,147	576,146	522,068	514,487	514,325	501,183	442,373	408,476	367,141	351,039	0	0	0
Expenses
198,888	202,889	202,887	204,301	207,355	210,204	212,942	213,447	213,104	213,301	212,044	212,235	212,195	211,947	214,478	218,186	221,237	224,035	224,812	223,972	219,822	214,899	205,852	194,707	181,826	170,361	165,251	156,966	151,950	147,932	135,572	132,835	132,610	128,225	114,179	105,887	96,945	92,101	0	0	0
Food and beverage
Revenues
251,746	272,869	273,382	275,927	279,515	284,668	291,459	296,369	295,698	296,933	295,927	296,005	298,682	294,415	295,503	294,975	292,942	293,892	286,261	282,163	271,631	259,358	250,713	239,520	223,629	213,346	213,350	204,277	203,603	200,810	188,122	185,035	182,653	175,103	155,926	149,677	139,265	138,188	0	0	0
Expenses
181,374	186,436	186,336	187,668	190,154	193,486	197,756	200,758	200,842	201,225	200,828	200,740	202,710	204,102	205,562	206,769	206,642	204,932	199,799	195,067	187,364	180,053	173,312	165,576	155,525	147,713	147,403	142,378	141,352	139,106	128,681	128,159	129,263	126,139	112,529	107,819	100,927	98,889	0	0	0
Other operating
Revenues
74,019	74,906	77,718	75,427	74,821	75,016	69,163	70,743	69,414	67,385	72,122	69,535	69,699	70,585	68,680	74,384	78,022	81,171	80,345	77,541	74,396	70,931	66,992	62,941	59,298	56,523	56,138	54,185	53,021	52,128	36,602	39,716	43,992	45,508	37,653	32,787	27,353	26,373	0	0	0
Expenses
16,393	16,594	17,175	17,203	17,193	17,169	16,760	16,826	16,502	16,392	16,288	16,360	16,459	16,684	17,778	19,055	20,260	21,335	21,609	21,479	21,148	21,012	19,882	18,691	17,572	16,819	16,801	16,668	16,510	16,162	7,212	9,567	11,939	14,004	12,080	11,308	10,756	11,535	0	0	0