SOTHERLY HOTELS INC. SOHOB Income Statement

Sotherly hotels inc. (SOHOB)

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
REVENUE
Total revenue
185,788	178,173	154,266	152,845	-	-	-	-	-	-	-
Hotel operating expenses
Total hotel operating expenses
138,850	130,489	113,277	112,833	-	-	-	-	-	-	-
Rooms department
-	-	-	-	96,837	84,618	62,837	60,824	56,187	53,090	48,939
Food and beverage department
-	-	-	-	33,273	31,444	22,054	21,961	20,482	19,905	17,992
Other operating departments
-	-	-	-	8,422	6,876	4,482	4,557	4,502	4,386	4,586
Total revenue
-	-	-	-	138,533	122,939	89,374	87,343	81,172	77,382	71,518
Rooms department
-	-	-	-	25,025	22,913	17,212	16,613	15,841	15,090	14,018
Food and beverage department
-	-	-	-	23,005	21,026	14,048	14,284	13,617	13,248	12,234
Other operating departments
-	-	-	-	1,786	1,192	508	480	537	697	775
Indirect
-	-	-	-	52,067	45,072	33,757	-	-	-	-
Indirect
-	-	-	-	-	-	-	32,919	31,784	30,026	29,026
Total hotel operating expenses
-	-	-	-	101,885	90,204	65,528	64,297	61,781	59,061	56,053
Depreciation and amortization
21,637	20,884	16,999	15,019	13,591	11,969	8,467	8,661	8,702	8,506	8,420
Unrealized gain on hedging activities
-	-	-	-	-	-	-	-	72	700	1,220
Impairment of investment in hotel properties, net
-	-	-	-	500	3,175	611	-	-	-	-
Loss on disposal of assets
-123	-511	-1,489	-365	41	-	-	-	-	-	-
Corporate general and administrative
6,830	6,180	6,335	6,021	7,268	5,085	4,360	4,078	4,025	3,389	3,170
Total operating expenses
167,441	158,066	138,102	-	-	-	-	-	-	-	-
Total operating expenses
-	-	-	134,238	123,203	110,434	78,967	77,038	74,510	70,958	67,644
NET OPERATING INCOME
18,346	20,106	16,163	18,607	15,330	12,505	10,407	10,304	6,661	6,424	3,874
Other income (expense)
Interest expense
19,768	19,953	15,727	17,735	16,515	14,636	9,606	12,382	10,821	10,030	9,661
Interest income
444	352	218	115	50	19	17	16	14	22	41
Equity income in joint venture
-	-	-	-	475	307	449	172	-60	16	-249
Loss on early debt extinguishment
-	-	-	-	-	-831	-	-	-	-	-
Loss on early extinguishment of debt
-1,152	-753	-1,178	-1,417	-772	-	-2,040	-	-	-	-
Unrealized loss on hedging activities
-1,177	-808	-28	-37	-108	-	-	-	-	-	-
Gain on sale of assets
-	-	76	-	-	-	-	-	-	-	-
Gain on exercise of development right
3,940	-	-	-	-	-	-	-	-	-	-
Realized and unrealized loss on warrant derivative
-	-	-	-	-	-	-2,205	-2,026	-1,309	-	-
Gain on change in control
-	-	-	-	6,603	-	-	-	-	-	-
Gain on involuntary conversion of assets
293	917	2,242	0	0	-	-	-	-	-	-
Gain on involuntary conversion of asset
-	-	-	-	-	169	-	-	-	-	-
Impairment of note receivable
-	-	-	-	-	-	-	110	-	-	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-128	-171	-42
Net income (loss) before income taxes
926	-138	1,767	-467	5,061	-2,466	-2,977	-4,026	-5,569	-	-
Net income (loss) before income taxes
-	-	-	-	-	-	-	-	-	-3,037	-4,817
Income tax benefit (provision)
-249	469	1,737	-1,367	-1,336	-1,727	1,496	1,301	905	214	-1,807
Net income (loss)
1,175	-608	29	900	6,397	-738	-4,473	-5,327	-6,475	-3,252	-
Less: Net loss attributable to noncontrolling interest
-733	-718	-413	-26	1,040	-153	-989	-1,223	-1,630	-869	-1,036
Net income attributable to the Company
1,909	109	442	926	-	-	-	-	-	-	-3,010
Net income attributable to the Company
-	-	-	-	5,356	-584	-3,483	-4,104	-4,844	-2,382	-1,973
Distributions to preferred stockholders
7,820	5,829	3,781	1,144	-	-	-	-	-	-	-
Net loss available to common stockholders
-5,911	-5,719	-3,339	-218	5,356	-584	-	-	-	-	-
Net loss per share available to common stockholders/general and limited partner unit
Basic
-0.43	-0.42	-0.24	-0.01	0.43	-	-	-	-	-0.25	-0.28
Diluted
-	-	-	-	0.43	-	-	-	-	-0.25	-0.28
Basic and diluted
-	-	-	-	-	-0.06	-0.34	-0.41	-0.50	-	-
Weighted average number of common shares/general and limited partner units outstanding
Basic
13,642	13,517	13,829	14,896	12,541	-	-	-	-	9,447	7,143
Diluted
-	-	-	-	12,541	-	-	-	-	9,463	7,169
Basic and diluted
-	-	-	-	-	10,377	10,156	9,995	9,676	-	-
Rooms Department [Member]
Total revenue
128,062	120,993	105,727	108,199	-	-	-	-	-	-	-
Total hotel operating expenses
32,142	30,334	26,673	28,300	-	-	-	-	-	-	-
Food and Beverage Department [Member]
Total revenue
40,267	38,134	34,513	35,384	-	-	-	-	-	-	-
Total hotel operating expenses
29,355	28,090	24,585	24,357	-	-	-	-	-	-	-
Other Operating Departments [Member]
Total revenue
17,457	19,044	14,025	9,262	-	-	-	-	-	-	-
Total hotel operating expenses
6,957	6,419	4,405	2,438	-	-	-	-	-	-	-
Sotherly Hotels LP [Member]
Total revenue
185,788	178,173	154,266	152,845	-	-	-	-	-	-	-
Total hotel operating expenses
138,850	130,489	113,277	112,833	-	-	-	-	-	-	-
Depreciation and amortization
21,637	20,884	16,999	15,019	-	-	-	-	-	-	-
Loss on disposal of assets
-123	-511	-1,489	-365	-	-	-	-	-	-	-
Corporate general and administrative
6,830	6,180	6,335	6,021	-	-	-	-	-	-	-
Total operating expenses
167,441	158,066	138,102	-	-	-	-	-	-	-	-
Total operating expenses
-	-	-	134,238	-	-	-	-	-	-	-
NET OPERATING INCOME
18,346	20,106	16,163	18,607	-	-	-	-	-	-	-
Interest expense
19,768	19,953	15,727	17,735	-	-	-	-	-	-	-
Interest income
444	352	218	115	-	-	-	-	-	-	-
Loss on early extinguishment of debt
-1,152	-753	-1,178	-1,417	-	-	-	-	-	-	-
Unrealized loss on hedging activities
-1,177	-808	-28	-37	-	-	-	-	-	-	-
Gain on sale of assets
-	-	76	-	-	-	-	-	-	-	-
Gain on exercise of development right
3,940	-	-	-	-	-	-	-	-	-	-
Gain on involuntary conversion of assets
293	917	2,242	-	-	-	-	-	-	-	-
Net income (loss) before income taxes
926	-138	1,767	-467	-	-	-	-	-	-	-
Income tax benefit (provision)
-249	469	1,737	-1,367	-	-	-	-	-	-	-
Net income (loss)
1,175	-608	29	900	-	-	-	-	-	-	-
Distributions To Preferred Unit Holders
7,820	5,829	3,781	1,144	-	-	-	-	-	-	-
Net Income Loss Attributable To Operating Partnership Unit Holders
-	-	-	-244	-	-	-	-	-	-	-
Net loss available to general and limited partnership unit holders
-6,645	-6,438	-3,752	-	-	-	-	-	-	-	-
Basic
-0.42	-0.40	-0.23	-	-	-	-	-	-	-	-
Basic and diluted
-	-	-	-0.01	-	-	-	-	-	-	-
Basic
16,011	15,923	16,224	-	-	-	-	-	-	-	-
Basic and diluted
-	-	-	16,710	-	-	-	-	-	-	-
Indirect [Member]
Total hotel operating expenses
70,395	65,645	57,612	57,736	-	-	-	-	-	-	-