XML 18 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Statements of Consolidated Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Revenue [1] $ 560,999,000 $ 549,824,000 $ 551,385,000
Expenses:      
Cost of services 239,850,000 240,097,000 243,609,000
Selling, general and administrative 238,300,000 198,590,000 206,197,000
Depreciation and amortization 62,852,000 52,396,000 50,513,000
Impairment of goodwill 5,500,000 0 9,796,000
Impairment of property, plant and equipment 8,216,000 1,007,000 0
Total operating costs and expenses 554,718,000 492,090,000 510,115,000
(Loss)/gain on disposal of property, plant and equipment and equity method investments (153,000) 938,000 20,275,000
Earnings from operations 6,128,000 58,672,000 61,545,000
Gain on extinguishment of debt 0 1,200,000 0
Interest income [2] 1,058,000 853,000 926,000
Interest expense (32,455,000) (29,155,000) (32,101,000)
Foreign currency, net (3,034,000) 9,186,000 (5,016,000)
(Losses)/earnings before income taxes and earnings from unconsolidated companies, net of tax (28,303,000) 40,756,000 25,354,000
Provision for income taxes (6,554,000) (16,368,000) (17,041,000)
(Losses)/earnings before earnings from unconsolidated companies, net of tax (34,857,000) 24,388,000 8,313,000
(Losses)/earnings from unconsolidated companies, net of tax (benefit)/provision of $(4,451), $5,650 and $1,466 (10,213,000) 11,013,000 9,075,000
(Losses)/earnings from continuing operations (45,070,000) 35,401,000 17,388,000
Net earnings/(losses) from discontinued operations, net of tax provision of $Nil, $Nil and $Nil 122,000 1,032,000 (1,534,000)
Net (losses)/earnings (44,948,000) 36,433,000 15,854,000
Net (earnings)/losses attributable to non-controlling interests (87,000) (109,000) 411,000
Net (losses)/earnings attributable to Belmond Ltd. $ (45,035,000) $ 36,324,000 $ 16,265,000
Basic earnings per share      
Net earnings/(losses) from continuing operations (in dollars per share) $ (0.441) $ 0.348 $ 0.169
Net earnings/(losses) from discontinued operations (in dollars per share) 0.001 0.010 (0.015)
Basic net earnings/(losses) per share attributable to Belmond Ltd. (in dollars per share) (0.441) 0.357 0.158
Diluted earnings per share      
Net earnings/(losses) from continuing operations (in dollars per share) (0.441) 0.344 0.167
Net earnings/(losses) from discontinued operations (in dollars per share) 0.001 0.010 (0.015)
Diluted net earnings/(losses) per share attributable to Belmond Ltd. (in dollars per share) $ (0.441) $ 0.353 $ 0.156
[1] Includes revenue from related parties of $15,449,000, $15,458,000 and $13,123,000, respectively
[2] Includes interest income from related parties of $0, $0, and $301,000, respectively