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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES:        
Revenue $ 332,695,000 $ 351,076,000 $ 934,021,000 $ 985,344,000
OPERATING EXPENSES:        
General and administrative expenses 22,292,000 21,242,000 67,606,000 69,710,000
Depreciation and amortization 49,748,000 52,138,000 147,543,000 159,652,000
Impairment of long-lived assets 2,679,000 0 2,679,000 43,600,000
Total hotel expenses 227,632,000 229,721,000 654,939,000 715,987,000
Total operating expenses 232,331,000 233,170,000 669,281,000 724,749,000
GAIN ON SALE OF HOTEL PROPERTIES (Note 4) 0 3,517,000 0 41,599,000
OTHER INCOME 3,000 39,000 31,000 501,000
INCOME FROM OPERATIONS 100,367,000 121,462,000 264,771,000 302,695,000
OTHER NON-OPERATING EXPENSE (INCOME) 101,000 (251,000) (248,000) 48,000
INTEREST EXPENSE, NET 36,535,000 31,007,000 95,905,000 95,072,000
INCOME BEFORE INCOME TAX EXPENSE 63,731,000 90,706,000 169,114,000 207,575,000
INCOME TAX EXPENSE 10,501,000 15,014,000 27,822,000 35,218,000
NET INCOME 53,230,000 75,692,000 141,292,000 172,357,000
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS (12,159,000) (3,790,000) (24,790,000) (20,547,000)
NET INCOME ATTRIBUTABLE TO EXTENDED STAY AMERICA, INC. COMMON SHAREHOLDERS $ 41,071,000 $ 71,902,000 $ 116,502,000 $ 151,810,000
NET INCOME PER EXTENDED STAY AMERICA, INC. COMMON SHARE:        
Basic (in dollars per share) $ 0.22 $ 0.38 $ 0.62 $ 0.80
Diluted (in dollars per share) $ 0.22 $ 0.38 $ 0.62 $ 0.80
WEIGHTED-AVERAGE EXTENDED STAY AMERICA, INC. COMMON SHARES OUTSTANDING:        
Basic (in shares) 186,844 188,822 188,063 189,681
Diluted (in shares) 187,015 189,253 188,317 190,111
Room revenues        
REVENUES:        
Revenue $ 320,669,000 $ 340,917,000 $ 899,329,000 $ 958,075,000
Other hotel revenues        
REVENUES:        
Revenue 6,475,000 5,943,000 17,848,000 16,710,000
Franchise and management fees        
REVENUES:        
Revenue 1,351,000 864,000 4,023,000 2,140,000
OPERATING EXPENSES:        
Hotel operating expenses 4,699,000 3,449,000 14,342,000 8,762,000
Hotel operating expenses        
REVENUES:        
Revenue 328,495,000 347,724,000 921,200,000 976,925,000
OPERATING EXPENSES:        
Hotel operating expenses 152,913,000 156,341,000 437,111,000 443,025,000
Other revenues from franchised and managed properties        
REVENUES:        
Revenue $ 4,200,000 $ 3,352,000 $ 12,821,000 $ 8,419,000