Diamondrock Hospitality Company (DRH) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2 BETHESDA METRO CENTER BETHESDA, MD 20814 |
| State of Incorp. | |
| 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)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 121,595 | 67,564 | 38,620 | 111,796 | 122,524 | 43,863 | |||
| Cash and cash equivalents | 121,595 | 67,564 | 38,620 | 111,796 | 122,524 | 43,863 | |||
| Total current assets: | 121,595 | 67,564 | 38,620 | 111,796 | 122,524 | 43,863 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 97,692 | 99,047 | 100,212 | 96,673 | 98,145 | ✕ | |||
| Property, plant and equipment | 2,755,195 | 2,748,476 | 2,651,444 | 2,817,356 | 3,026,769 | 2,944,617 | |||
| Intangible assets, net (including goodwill) | 63,945 | ||||||||
| Intangible assets, net (excluding goodwill) | 63,945 | ||||||||
| Total noncurrent assets: | 2,852,887 | 2,847,523 | 2,751,656 | 2,914,029 | 3,124,914 | 3,008,562 | |||
| Other undisclosed assets | 264,205 | 292,453 | 175,030 | 120,948 | 178,328 | 145,155 | |||
| TOTAL ASSETS: | 3,238,687 | 3,207,540 | 2,965,306 | 3,146,773 | 3,425,766 | 3,197,580 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 59,866 | 61,069 | 62,780 | 64,796 | 67,422 | 73,151 | |||
| Off-market lease, unfavorable | 59,866 | 61,069 | 62,780 | 64,796 | 67,422 | 73,151 | |||
| Total noncurrent liabilities: | 59,866 | 61,069 | 62,780 | 64,796 | 67,422 | 73,151 | |||
| Other undisclosed liabilities | 1,529,838 | 1,550,293 | 1,381,562 | 1,363,052 | 1,437,282 | 1,233,836 | |||
| Total liabilities: | 1,589,704 | 1,611,362 | 1,444,342 | 1,427,848 | 1,504,704 | 1,306,987 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,642,075 | 1,589,881 | 1,515,214 | 1,711,109 | 1,912,490 | 1,882,897 | |||
| Preferred stock | 48 | 48 | 48 | 48 | |||||
| Common stock | 2,096 | 2,094 | 2,107 | 2,101 | 2,002 | 2,045 | |||
| Additional paid in capital | 2,291,297 | 2,288,433 | 2,293,990 | 2,285,491 | 2,089,349 | 2,126,472 | |||
| Accumulated other comprehensive loss | (2,036) | ||||||||
| Accumulated deficit | (649,330) | (700,694) | (780,931) | (576,531) | (178,861) | (245,620) | |||
| Equity, attributable to noncontrolling interest | 6,908 | 6,297 | 5,750 | 7,816 | 8,572 | 7,696 | |||
| Total equity: | 1,648,983 | 1,596,178 | 1,520,964 | 1,718,925 | 1,921,062 | 1,890,593 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,238,687 | 3,207,540 | 2,965,306 | 3,146,773 | 3,425,766 | 3,197,580 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,074,867 | 1,001,503 | 567,134 | 299,488 | 938,091 | 863,704 | ||
| Cost of revenue | (893,062) | (805,604) | (564,632) | (469,050) | (664,683) | (724,459) | ||
| Cost of goods and services sold | (111,302) | (108,849) | (102,963) | (114,716) | (118,110) | (104,524) | ||
| Gross profit: | 181,805 | 195,899 | 2,502 | (169,562) | 273,408 | 139,245 | ||
| Operating expenses | (32,342) | (34,134) | (158,544) | (199,313) | (19,409) | (9,184) | ||
| Operating income (loss): | 149,463 | 161,765 | (156,042) | (368,875) | 253,999 | 130,061 | ||
| Nonoperating expense | (62,511) | (49,453) | (36,096) | (53,604) | (47,760) | (39,164) | ||
| Interest and debt expense | (65,072) | (9,766) | (37,043) | (53,995) | (2,373) | (40,970) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 21,880 | 102,546 | (229,181) | (476,474) | 203,866 | 49,927 | ||
| Other undisclosed income from continuing operations before income taxes | 65,072 | 9,766 | 37,043 | 53,995 | 2,373 | 40,970 | ||
| Income (loss) from continuing operations before income taxes: | 86,952 | 112,312 | (192,138) | (422,479) | 206,239 | 90,897 | ||
| Income tax expense (benefit) | (317) | (2,607) | (3,267) | 26,452 | (22,028) | (3,101) | ||
| Income (loss) from continuing operations: | 86,635 | 109,705 | (195,405) | (396,027) | 184,211 | 87,796 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (195,405) | (396,027) | 184,211 | 87,796 | |
| Net income (loss): | 86,635 | 109,705 | (195,405) | (396,027) | 184,211 | 87,796 | ||
| Net income (loss) attributable to noncontrolling interest | (295) | (377) | 821 | 1,652 | (724) | (12) | ||
| Net income (loss) attributable to parent: | 86,340 | 109,328 | (194,584) | (394,375) | 183,487 | 87,784 | ||
| Preferred stock dividends and other adjustments | (9,817) | (9,817) | (9,817) | (3,300) | ||||
| Other undisclosed net loss available to common stockholders, basic | (132) | |||||||
| Net income (loss) available to common stockholders, diluted: | 76,523 | 99,511 | (204,401) | (397,675) | 183,355 | 87,784 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 86,635 | 109,705 | (195,405) | (396,027) | 184,211 | 87,796 | ||
| Other undisclosed comprehensive loss | (2,043) | |||||||
| Comprehensive income (loss): | 84,592 | 109,705 | (195,405) | (396,027) | 184,211 | 87,796 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (288) | (377) | 821 | 1,652 | (724) | (12) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 84,304 | 109,328 | (194,584) | (394,375) | 183,487 | 87,784 | ||
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.