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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments98,55676,50367,564313,87171,71341,581
Cash and cash equivalents98,55676,50367,564313,87171,71341,581
Total current assets:98,55676,50367,564313,87171,71341,581
Noncurrent Assets
Operating lease, right-of-use asset97,83498,74799,04799,33299,61797,067
Property, plant and equipment2,740,3952,742,5652,748,4762,674,3802,689,0592,659,123
Total noncurrent assets:2,838,2292,841,3122,847,5232,773,7122,788,6762,756,190
Other undisclosed assets287,952265,701292,453298,626284,417291,456
TOTAL ASSETS:3,224,7373,183,5163,207,5403,386,2093,144,8063,089,227
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt60,24060,65461,06961,48461,89862,313
Off-market lease, unfavorable60,24060,65461,06961,48461,89862,313
Total noncurrent liabilities:60,24060,65461,06961,48461,89862,313
Other undisclosed liabilities1,534,4401,527,5891,550,2931,721,2631,500,9921,497,994
Total liabilities:1,594,6801,588,2431,611,3621,782,7471,562,8901,560,307
Equity
Equity, attributable to parent1,623,2581,588,8361,589,8811,597,2761,575,7271,522,929
Preferred stock484848484848
Common stock2,0952,0982,0942,1092,1092,109
Additional paid in capital2,287,3482,286,8242,288,4332,298,8662,296,8642,294,129
Accumulated other comprehensive income3,830153    
Accumulated deficit(670,063)(700,287)(700,694)(703,747)(723,294)(773,357)
Equity, attributable to noncontrolling interest6,7996,4376,2976,1866,1895,991
Total equity:1,630,0571,595,2731,596,1781,603,4621,581,9161,528,920
TOTAL LIABILITIES AND EQUITY:3,224,7373,183,5163,207,5403,386,2093,144,8063,089,227

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues291,247243,553255,055268,208281,407196,833
Cost of revenue(227,531)(209,975)(209,648)(212,903)(209,008)(174,045)
Cost of goods and services sold(27,840)(27,472)(27,752)(27,053)(27,389)(26,655)
Gross profit:63,71633,57845,40755,30572,39922,788
Operating expenses(9,115)(7,867)(9,515)(7,516)(8,726)(8,377)
Operating income:54,60125,71135,89247,78963,67314,411
Nonoperating expense(15,045)(16,749)(15,845)(18,922)(10,281)(4,405)
Interest and debt expense(15,567)(17,172)(66)(9,700)(9,675)(4,119)
Income (loss) from continuing operations before equity method investments, income taxes:23,989(8,210)19,98119,16743,7175,887
Other undisclosed income from continuing operations before income taxes15,56717,172669,7009,6754,119
Income from continuing operations before income taxes:39,5568,96220,04728,86753,39210,006
Income tax expense (benefit)(422)226(1,658)(312)(691)54
Income from continuing operations:39,1349,18818,38928,55552,70110,060
Income before gain (loss) on sale of properties:28,55552,70110,060
Net income:39,1349,18818,38928,55552,70110,060
Net loss attributable to noncontrolling interest(169)(32)(62)(99)(184)(32)
Net income attributable to parent:38,9659,15618,32728,45652,51710,028
Preferred stock dividends and other adjustments(2,454)(2,454)(2,455)(2,454)(2,454)(2,454)
Net income available to common stockholders, diluted:36,5116,70215,87226,00250,0637,574

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:39,1349,18818,38928,55552,70110,060
Other undisclosed comprehensive income (loss)3,677153    
Comprehensive income:42,8119,34118,38928,55552,70110,060
Comprehensive loss, net of tax, attributable to noncontrolling interest(151)(32)(62)(99)(184)(32)
Comprehensive income, net of tax, attributable to parent:42,6609,30918,32728,45652,51710,028

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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