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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES:        
Revenue $ 323,657,000 $ 336,501,000 $ 601,326,000 $ 634,268,000
OPERATING EXPENSES:        
General and administrative expenses 22,287,000 23,507,000 45,314,000 48,468,000
Depreciation and amortization 49,017,000 53,499,000 97,795,000 107,514,000
Impairment of long-lived assets 0 0 0 43,600,000
Total hotel expenses 218,211,000 221,060,000 427,307,000 486,266,000
Total operating expenses 223,207,000 224,454,000 436,950,000 491,579,000
GAIN ON SALE OF HOTEL PROPERTIES (Note 4) 0 0 0 38,082,000
OTHER INCOME 1,000 457,000 28,000 462,000
INCOME FROM OPERATIONS 100,451,000 112,504,000 164,404,000 181,233,000
OTHER NON-OPERATING (INCOME) EXPENSE (171,000) 102,000 (349,000) 299,000
INTEREST EXPENSE, NET 29,766,000 32,425,000 59,370,000 64,065,000
INCOME BEFORE INCOME TAX EXPENSE 70,856,000 79,977,000 105,383,000 116,869,000
INCOME TAX EXPENSE 11,198,000 14,407,000 17,321,000 20,204,000
NET INCOME 59,658,000 65,570,000 88,062,000 96,665,000
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS (6,161,000) (514,000) (12,631,000) (16,757,000)
NET INCOME ATTRIBUTABLE TO EXTENDED STAY AMERICA, INC. COMMON SHAREHOLDERS $ 53,497,000 $ 65,056,000 $ 75,431,000 $ 79,908,000
NET INCOME PER EXTENDED STAY AMERICA, INC. COMMON SHARE:        
Basic (dollars per share) $ 0.28 $ 0.34 $ 0.40 $ 0.42
Diluted (dollars per share) $ 0.28 $ 0.34 $ 0.40 $ 0.42
WEIGHTED-AVERAGE EXTENDED STAY AMERICA, INC. COMMON SHARES OUTSTANDING:        
Basic (shares) 188,450 189,626 188,399 190,197
Diluted (shares) 188,813 190,183 188,695 190,709
Room revenues        
REVENUES:        
Revenue $ 311,614,000 $ 326,948,000 $ 578,660,000 $ 617,158,000
Other hotel revenues        
REVENUES:        
Revenue 6,070,000 5,492,000 11,373,000 10,767,000
Franchise and management fees        
REVENUES:        
Revenue 1,447,000 861,000 2,672,000 1,276,000
OPERATING EXPENSES:        
Hotel operating expenses 4,996,000 3,394,000 9,643,000 5,313,000
Hotel operating expenses        
REVENUES:        
Revenue 319,131,000 333,301,000 592,705,000 629,201,000
OPERATING EXPENSES:        
Hotel operating expenses 146,907,000 144,054,000 284,198,000 286,684,000
Other revenues from franchised and managed properties        
REVENUES:        
Revenue $ 4,526,000 $ 3,200,000 $ 8,621,000 $ 5,067,000