Chesapeake Lodging Trust (CHSP) Financial Statements (2024 and earlier)

Company Profile

Business Address 4300 WILSON BOULEVARD
ARLINGTON, VA 22203
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 71,25944,31443,06050,54429,32628,713
Cash and cash equivalents 71,25944,31443,06050,54429,32628,713
Restricted cash and investments 31,61430,60236,12840,36143,38734,235
Receivables 18,36020,76919,96615,60313,10213,011
Deferred costs    6,4936,0646,501
Total current assets: 121,23395,68599,154113,00191,87982,460
Noncurrent Assets
Property, plant and equipment 1,732,1541,823,2171,882,8691,926,9441,580,4271,422,439
Intangible assets, net (including goodwill) 34,67835,25635,83536,41436,99238,781
Intangible assets, net (excluding goodwill) 34,67835,25635,83536,41436,99238,781
Total noncurrent assets: 1,766,8321,858,4731,918,7041,963,3581,617,4191,461,220
Other undisclosed assets 21,01221,20217,51617,90010,63710,478
TOTAL ASSETS: 1,909,0771,975,3602,035,3742,094,2591,719,9351,554,158
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 72,55565,78364,58162,68353,44245,982
Other undisclosed accounts payable and accrued liabilities 72,55565,78364,58162,68353,44245,982
Total current liabilities: 72,55565,78364,58162,68353,44245,982
Noncurrent Liabilities
Other undisclosed liabilities 782,544861,149782,118822,019584,511561,619
Total liabilities: 855,099926,932846,699884,702637,953607,601
Equity
Equity, attributable to parent 1,053,9781,048,4281,188,6751,209,5571,081,982946,557
Preferred stock   50505050
Common stock 603599597597548496
Additional paid in capital 1,193,4551,190,2501,304,3641,297,8771,138,391991,417
Accumulated other comprehensive income (loss) 4,2612,313(39)(292) (67)
Accumulated deficit (144,341)(144,734)(116,297)(88,675)(57,007)(45,339)
Total equity: 1,053,9781,048,4281,188,6751,209,5571,081,982946,557
TOTAL LIABILITIES AND EQUITY: 1,909,0771,975,3602,035,3742,094,2591,719,9351,554,158

Income Statement (P&L) ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 597,172598,267619,699582,624477,980420,177
Revenue, net598,267619,699582,624477,980420,177
Cost of revenue (531,488)(442,004)(416,516)(392,022)(324,882)(284,963)
Cost of goods and services sold  (442,004)(415,398)(391,502)(324,882)(284,963)
Gross profit: 65,684156,263203,183190,602153,098135,214
Operating expenses 33,109(132,195)(93,230)(88,643)(224,329)(199,936)
Other operating expense, net
(Other Expenses)
  (12,164)    
Other undisclosed operating income  95,257  153,063137,600
Operating income: 98,793107,161109,953101,95981,83272,878
Nonoperating income
(Investment Income, Nonoperating)
     8247
Interest and debt expense (34,399)(33,939)(31,846)(31,856)(27,357)(26,152)
Other undisclosed income from continuing operations before equity method investments, income taxes 33,6676,102598 7,006 
Income from continuing operations before income taxes: 98,06179,32478,70570,10361,48946,973
Income tax expense (1,095)(3,089)(1,999)(2,595)(535)(1,655)
Income from continuing operations: 96,96676,23576,70667,50860,95445,318
Income before gain (loss) on sale of properties: 96,96676,23576,70667,50860,95445,318
Net income attributable to parent: 96,96676,23576,70667,50860,95445,318
Preferred stock dividends and other adjustments  (5,274)(9,688)(9,688)(9,688)(9,688)
Undistributed earnings (loss) allocated to participating securities, basic (9) 
Other undisclosed net income (loss) available to common stockholders, basic 9(4,419)    
Net income available to common stockholders, diluted: 96,96666,54267,01857,82051,26635,630

Comprehensive Income ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income: 96,96676,23576,70667,50860,95445,318
Other comprehensive income (loss) 1,9482,352253(292)67762
Comprehensive income, net of tax, attributable to parent: 98,91478,58776,95967,21661,02146,080

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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