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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
PROPERTY AND EQUIPMENT - Net of accumulated depreciation of $1,142,799 and $973,669 $ 3,753,134 $ 3,905,304
RESTRICTED CASH 37,631 21,614
CASH AND CASH EQUIVALENTS 113,343 84,158
INTANGIBLE ASSETS - Net of accumulated amortization of $9,690 and $8,350 27,043 28,383
GOODWILL 48,866 53,531
ACCOUNTS RECEIVABLE - Net of allowance for doubtful accounts of $2,206 and $2,634 21,578 20,837
DEFERRED TAX ASSETS 8,125 16,376
OTHER ASSETS 66,285 50,101
TOTAL ASSETS 4,076,005 4,180,304
LIABILITIES:    
Term loan facilities payable - Net of unamortized deferred financing costs and debt discount of $18,695 and $21,994 1,265,112 1,274,756
Senior notes payable - Net of unamortized deferred financing costs and debt discount of $30,344 and $34,482 1,269,656 1,265,518
Revolving credit facilities 0 45,000
Mandatorily redeemable preferred stock - $0.01 par value, $1,000 redemption value, 8.0%, 350,000,000 shares authorized, 7,133 and 21,202 shares issued and outstanding 7,133 21,202
Accounts payable and accrued liabilities 188,257 193,303
Deferred tax liabilities 0 3,286
Total liabilities 2,730,158 2,803,065
COMMITMENTS AND CONTINGENCIES (Note 13)
EQUITY:    
Common stock - $0.01 par value, 3,500,000,000 shares authorized, 192,099,933 and 195,406,944 shares issued and outstanding 1,921 1,957
Additional paid in capital 768,679 774,811
Retained earnings 6,917 23,679
Accumulated other comprehensive income (loss) 3,066 (5,615)
Total Extended Stay America, Inc. shareholders’ equity 780,583 794,832
Noncontrolling interests 565,264 582,407
Total equity 1,345,847 1,377,239
TOTAL LIABILITIES AND EQUITY 4,076,005 4,180,304
ESH REIT [Member]    
ASSETS    
PROPERTY AND EQUIPMENT - Net of accumulated depreciation of $1,142,799 and $973,669 3,775,640 3,914,569
RESTRICTED CASH 15,985 344
CASH AND CASH EQUIVALENTS 38,930 53,506
RENTS RECEIVABLE FROM EXTENDED STAY AMERICA, INC. (Note 11) 3,704 2,609
DEFERRED RENTS RECEIVABLE FROM EXTENDED STAY AMERICA, INC. (Note 11) 24,388 40,259
GOODWILL 47,584 52,245
OTHER ASSETS 29,212 13,973
TOTAL ASSETS 3,935,443 4,077,505
LIABILITIES:    
Term loan facilities payable - Net of unamortized deferred financing costs and debt discount of $18,695 and $21,994 1,265,112 1,274,756
Senior notes payable - Net of unamortized deferred financing costs and debt discount of $30,344 and $34,482 1,269,656 1,265,518
Revolving credit facilities 0 45,000
Loan payable to Extended Stay America, Inc. (Notes 6 and 11) 0 50,000
Unearned rental revenues from Extended Stay America, Inc. (Note 11) 40,523 39,898
Due to Extended Stay America, Inc., net (Note 11) 7,055 11,608
Accounts payable and accrued liabilities 60,755 69,520
Deferred tax liabilities 48 3,286
Total liabilities 2,643,149 2,759,586
COMMITMENTS AND CONTINGENCIES (Note 13)
EQUITY:    
Common stock - $0.01 par value, 3,500,000,000 shares authorized, 192,099,933 and 195,406,944 shares issued and outstanding 4,426 4,462
Additional paid in capital 1,088,793 1,144,664
Preferred stock—no par value, $1,000 liquidation value, 125 shares authorized, issued and outstanding 73 73
Retained earnings 191,964 176,532
Accumulated other comprehensive income (loss) 7,038 (7,812)
Total equity 1,292,294 1,317,919
TOTAL LIABILITIES AND EQUITY $ 3,935,443 $ 4,077,505