Xenia hotels & resorts, inc. (XHR)
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'14
Revenues:
Revenues

215,353

282,184

268,931

304,285

293,687

275,663

240,989

277,057

264,498

259,136

223,289

244,392

218,460

219,801

233,946

261,378

235,035

248,594

248,453

251,223

227,874

229,938

231,091

247,112

218,525

Expenses:
Total hotel operating expenses

170,858

192,804

187,180

196,984

195,889

183,492

163,001

171,890

171,379

171,989

143,627

147,613

140,471

140,679

143,142

155,972

153,188

157,730

155,690

152,888

144,348

149,247

147,811

153,208

143,037

Depreciation and amortization

37,091

36,367

39,072

39,689

40,000

41,153

39,282

38,602

38,801

42,382

37,492

36,625

36,478

37,353

37,796

38,318

38,951

37,915

37,818

35,889

36,387

35,576

35,835

36,512

33,884

Ground lease expense

754

1,084

1,071

1,158

1,090

1,074

1,120

1,141

1,565

1,622

1,393

1,409

1,376

1,336

1,356

1,402

1,353

1,335

1,272

1,322

1,275

1,445

1,558

1,484

1,054

Real estate taxes, personal property taxes and insurance

13,675

11,217

13,331

12,577

13,059

12,391

11,652

11,819

11,859

12,102

10,152

10,696

11,360

11,373

12,300

10,542

12,033

12,734

12,985

11,805

12,193

11,955

11,107

10,745

10,818

General and administrative expenses

8,151

7,760

7,351

8,046

7,575

7,608

6,919

7,873

8,060

8,066

7,258

7,844

8,384

5,865

7,211

7,674

10,624

5,754

5,396

6,947

7,045

14,627

10,512

8,297

5,459

Gain on business interruption insurance

-

-

0

823

-

-

234

2,649

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition, terminated transaction and pre-opening expenses

-

-

662

-

-

-

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,474

Acquisition and terminated transaction costs

-

-

-

142

-

-

-

222

-

-

210

1,260

-

6

2

6

140

-349

4,510

856

29

44

18

10

1,120

Pre-opening and hotel rebranding expenses

-

-

-

142

-

-

-

0

-

-

-

-

-

-

-

-

-

-

825

-

-

-

0

-

-

Impairment and other losses

16,368

9,400

0

14,771

0

-

0

0

-

-

-

-

-

30

15

2,396

7,594

0

0

0

0

713

1,667

0

2,998

Separation and other start-up related expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

426

1,165

25,296

0

0

0

0

Total expenses

246,897

258,640

248,667

272,686

257,613

244,073

221,748

228,898

231,664

235,838

202,306

205,447

198,069

196,642

201,822

216,310

223,883

215,705

218,922

210,872

226,573

213,607

208,508

210,256

199,844

Operating (loss) income

-31,544

23,544

20,264

31,599

36,074

31,590

19,241

48,159

32,834

23,298

20,983

38,945

20,391

23,159

32,124

45,068

11,152

32,889

29,531

40,351

1,301

16,331

22,583

36,856

18,681

(Loss) gain on sale of investment properties

-

-

0

0

-

81,247

0

9

42,284

1

1,570

49,176

0

29,404

-1

-90

882

43,015

0

0

0

-

-96

962

-

Other income

127

355

257

188

95

319

10

446

387

87

428

186

152

2,461

738

94

84

1,527

672

30

2,687

1,209

60

-1,070

125

Interest expense

13,024

11,345

12,293

12,380

12,587

12,730

11,902

13,053

13,717

13,399

11,599

11,146

10,150

10,099

12,373

12,801

12,840

12,091

12,496

13,048

13,181

13,895

14,374

14,710

14,448

Loss on extinguishment of debt

0

-1

0

0

-213

-134

0

-384

-81

0

0

-274

0

-134

-244

-35

-4,742

-5,478

0

-178

-105

-

-113

-

-

Equity in losses and gain on consolidation of unconsolidated entity, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-32

4,248

Net (loss) income before income taxes

-44,441

11,606

8,228

19,407

23,369

100,292

7,349

35,177

61,707

9,987

11,382

76,887

10,393

44,791

20,244

32,236

-5,464

59,862

17,707

27,155

-9,298

1,872

8,060

22,006

8,606

Income tax benefit (expense)

-7,300

-4,533

-2,400

6,200

6,100

-2,271

-2,000

5,600

4,664

163

-385

5,889

2,166

-4,536

-187

6,095

3,705

-2,049

-140

3,405

5,079

78

1,862

2,006

1,919

Net income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61,911

17,847

23,750

-14,377

1,794

6,198

20,000

6,687

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-489

73,307

3,297

2,884

-4,368

Net (loss) income

-37,130

16,083

10,670

13,214

17,276

102,624

9,334

29,531

57,043

9,824

11,767

70,998

8,227

49,327

20,431

26,141

-9,169

61,911

17,847

23,750

-14,866

75,101

9,495

22,884

2,319

Non-controlling interests in consolidated real estate entities

-

-

-

-

-

-

-

-

-179

-

-130

126

-72

-63

-84

43

-164

-

-255

0

-

-

-

-

-

Non-controlling interests of Common Units in Operating Partnership

-

-

-

-

-

-

-

-

1,566

-

259

1,454

186

630

273

330

-90

-

4

3

-

-

-

-

-

Net loss (income) attributable to non-controlling interests (Note 1)

-992

478

355

437

573

2,630

90

737

1,387

131

129

1,580

114

567

189

373

-254

132

-251

3

0

-

0

0

-

Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,098

23,747

-

-

9,495

22,884

-

Distributions to preferred stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

8

-

-

0

0

-

Net (loss) income attributable to common stockholders

-36,138

-

10,315

12,777

16,703

-

9,244

28,794

55,656

-

11,638

69,418

8,113

48,760

20,242

25,768

-8,915

61,779

18,094

23,739

-14,866

-

9,495

22,884

-

Basic and diluted earnings per share
Income from continuing operations available to common stockholders (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.55

0.16

0.21

-0.13

-

0.05

-

-

Income from discontinued operations available to common stockholders (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

-

0.03

-

-

Net income per share available to common stockholders - basic and diluted (in dollars per share)

-0.32

0.14

0.09

0.11

0.15

0.89

0.08

0.26

0.52

0.09

0.11

0.65

0.07

0.44

0.19

0.24

-0.08

0.55

0.16

0.21

-0.13

-

0.08

-

0.02

Income from continuing operations available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.18

-

Income (loss) from discontinued operations available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

-

Net income per share available to common stockholders (basic)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.20

-

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

112,984

112,642

112,641

112,641

112,619

112,660

112,086

108,956

106,792

106,727

106,727

106,769

106,844

106,843

107,538

107,936

109,732

-

111,694

111,676

-

-

113,397

113,397

-

Diluted earnings per share
Income from continuing operations available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.18

-

Income (loss) from discontinued operations available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

-

Net income per share available to common stockholders (diluted)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.20

-

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

112,984

112,918

112,932

112,915

112,907

112,919

112,361

109,220

107,010

107,013

106,995

107,005

107,061

107,113

107,677

108,048

109,732

-

111,885

111,914

-

-

113,397

113,397

-

Weighted Average Number of Shares Outstanding, Basic and Diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112,964

-

-

-

113,397

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

-37,130

16,083

10,670

13,214

17,276

102,624

9,334

29,531

57,043

-

11,767

70,998

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive (loss) income:
Unrealized loss on interest rate derivative instruments

-17,120

2,302

-2,168

-9,451

-5,084

-10,362

2,847

3,643

8,816

5,318

-258

-2,815

1,143

13,960

1,362

-5,286

-10,358

1,543

0

0

0

-

-

-

-

Reclassification adjustment for amounts recognized in net (loss) income (interest expense)

-409

107

802

1,188

1,413

1,287

879

606

54

-2,689

412

693

-812

-964

-972

-973

-924

-

0

0

-

-

-

-

-

Comprehensive income including portion attributable to noncontrolling interest

-53,841

18,278

7,700

2,575

10,779

90,975

11,302

32,568

65,805

15,621

11,921

68,876

10,182

64,251

22,765

21,828

-18,603

63,454

17,847

23,750

-14,866

-

-

-

-

Comprehensive (income) loss attributable to non-controlling interests:
Non-controlling interests in consolidated real estate entities

-

-

-

-

-

-

-

-

-179

-

-130

126

-72

-63

-84

43

-164

-

-255

0

-

-

-

-

-

Non-controlling interests of Common Units in Operating Partnership

-

-

-

-

-

-

-

-

1,802

-

262

1,411

225

805

303

274

-194

-

4

3

-

-

-

-

-

Comprehensive loss (income) attributable to non-controlling interests (Note 1)

-1,477

568

257

87

358

2,317

141

816

1,623

248

132

1,537

153

742

219

317

-358

132

-251

3

0

-

-

-

-

Comprehensive (loss) income attributable to the Company

-52,364

17,748

7,443

2,488

10,421

88,705

11,161

31,752

64,182

15,343

11,789

67,339

10,029

63,509

22,546

21,511

-18,245

63,322

18,098

23,747

-14,866

-

-

-

-

Rooms
Revenues

124,515

162,573

168,744

184,027

171,141

164,319

156,973

175,823

162,582

161,070

152,942

164,868

144,451

146,583

167,066

180,977

159,318

161,470

175,872

172,792

153,090

150,901

164,261

170,257

146,482

Expenses

35,076

39,750

40,782

41,665

40,656

39,533

38,007

38,132

39,044

38,155

35,427

35,349

33,630

34,238

36,854

38,183

36,775

37,116

38,841

37,348

35,187

34,351

36,155

36,478

33,144

Food and Beverage
Revenues

73,729

99,346

79,825

99,397

103,463

93,710

69,179

86,419

86,415

81,947

56,653

66,552

61,825

60,995

55,687

66,329

63,468

73,329

58,500

64,954

62,253

63,688

52,039

61,727

57,612

Expenses

52,972

63,336

57,356

63,381

63,414

59,302

49,130

53,528

52,975

51,796

40,507

41,798

39,184

39,224

38,233

42,009

42,233

45,034

41,308

41,311

40,187

40,993

37,501

40,632

39,117

Other
Revenues

17,109

20,265

20,362

20,861

19,083

17,634

14,837

14,815

15,501

16,119

13,694

12,972

12,184

12,223

11,193

14,072

12,249

13,795

14,081

13,477

12,531

15,349

14,791

15,128

14,431

Management and Franchise
Expenses

7,300

11,406

10,592

12,202

12,300

11,134

10,459

12,447

11,560

11,007

9,393

11,722

11,378

10,118

11,459

13,780

12,248

12,144

12,605

13,618

11,451

12,316

13,198

14,284

12,306

Hotel, Other Direct
Other direct expenses

5,392

7,483

7,576

7,900

7,117

5,879

4,609

4,715

4,474

4,687

3,441

3,303

3,007

3,277

1,520

4,086

3,965

4,709

4,625

4,385

4,265

5,475

6,606

8,317

8,158

Hotel, Other Indirect
Other direct expenses

70,088

70,817

70,874

71,836

72,393

67,691

60,796

63,068

63,326

66,385

54,859

55,441

53,272

53,822

55,076

57,914

57,967

58,727

58,311

56,226

53,258

56,112

54,351

53,497

50,312