RLJ Lodging Trust (RLJ) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
7373 WISCONSIN AVE BETHESDA, MD 20814 |
| 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)
| 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 | 516,675 | 481,316 | 665,341 | 899,813 | 882,474 | 320,147 | |||
| Cash and cash equivalents | 516,675 | 481,316 | 665,341 | 899,813 | 882,474 | 320,147 | |||
| Receivables | (265) | (319) | (251) | (251) | (251) | (598) | |||
| Total current assets: | 516,410 | 480,997 | 665,090 | 899,562 | 882,223 | 319,549 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 136,140 | 136,915 | 144,988 | 142,989 | ✕ | ||||
| Property, plant and equipment | 1,796,827 | 1,738,587 | 1,666,745 | 1,787,001 | 1,774,135 | 2,023,213 | |||
| Long-term investments and receivables | 7,398 | 6,979 | 6,522 | 6,798 | 15,171 | 22,279 | |||
| Long-term investments | 7,398 | 6,979 | 6,522 | 6,798 | 15,171 | 22,279 | |||
| Intangible assets, net (including goodwill) | 52,448 | ||||||||
| Intangible assets, net (excluding goodwill) | 52,448 | ||||||||
| Total noncurrent assets: | 1,940,365 | 1,882,481 | 1,818,255 | 1,936,788 | 1,789,306 | 2,097,940 | |||
| Other undisclosed assets | 2,462,520 | 2,614,747 | 2,665,631 | 2,780,822 | 3,179,871 | 3,587,608 | |||
| TOTAL ASSETS: | 4,919,295 | 4,978,225 | 5,148,976 | 5,617,172 | 5,851,400 | 6,005,097 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 2,568,505 | 2,549,579 | 2,735,109 | 2,929,784 | 2,624,917 | 2,508,156 | |||
| Total liabilities: | 2,568,505 | 2,549,579 | 2,735,109 | 2,929,784 | 2,624,917 | 2,508,156 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,336,862 | 2,414,664 | 2,397,632 | 2,666,517 | 3,202,334 | 3,429,776 | |||
| Preferred stock | 366,936 | 366,936 | 366,936 | 366,936 | 366,936 | 366,936 | |||
| Common stock | 1,553 | 1,620 | 1,665 | 1,650 | 1,699 | 1,740 | |||
| Additional paid in capital | 3,000,894 | 3,054,958 | 3,092,883 | 3,077,142 | 3,127,982 | 3,195,381 | |||
| Accumulated other comprehensive income (loss) | 22,662 | 40,591 | (17,113) | (69,050) | (19,514) | 16,195 | |||
| Accumulated deficit | (1,055,183) | (1,049,441) | (1,046,739) | (710,161) | (274,769) | (150,476) | |||
| Equity, attributable to noncontrolling interest | 13,928 | 13,982 | 16,235 | 20,871 | 24,149 | 22,735 | |||
| Other undisclosed equity | 44,430 | ||||||||
| Total equity: | 2,350,790 | 2,428,646 | 2,413,867 | 2,687,388 | 3,226,483 | 3,496,941 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,919,295 | 4,978,225 | 5,148,976 | 5,617,172 | 5,851,400 | 6,005,097 | |||
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 | 1,325,577 | 1,193,662 | 785,664 | 473,087 | 1,566,192 | 1,761,224 | ||
| Gross profit: | 1,325,577 | 1,193,662 | 785,664 | 473,087 | 1,566,192 | 1,761,224 | ||
| Operating expenses | (1,173,220) | (1,072,264) | (980,618) | (730,177) | (1,348,044) | (1,505,181) | ||
| Operating income (loss): | 152,357 | 121,398 | (194,954) | (257,090) | 218,148 | 256,043 | ||
| Nonoperating income (expense) | 24,107 | 14,055 | (8,996) | 6,178 | 662 | 38,623 | ||
| Investment income, nonoperating | 19,743 | 4,559 | 996 | 4,237 | 8,720 | 4,891 | ||
| Gains (losses) on sales of other real estate | (2,378) | (9,300) | 30,941 | |||||
| Other nonoperating income (expense) | 4,364 | 9,496 | (7,614) | 1,941 | 1,242 | 2,791 | ||
| Interest and debt expense | (98,976) | (93,194) | (105,473) | (100,169) | (91,509) | (95,647) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (34) | 1,017 | 2,703 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 77,454 | 43,276 | (309,423) | (348,378) | 127,301 | 199,019 | ||
| Income (loss) from equity method investments | 419 | 457 | (477) | (8,454) | (1,673) | 636 | ||
| Income (loss) from continuing operations before income taxes: | 77,873 | 43,733 | (309,900) | (356,832) | 125,628 | 199,655 | ||
| Income tax expense (benefit) | (1,256) | (1,518) | (1,188) | (51,970) | 3,751 | (8,793) | ||
| Income (loss) from continuing operations: | 76,617 | 42,215 | (311,088) | (408,802) | 129,379 | 190,862 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (311,088) | (408,802) | 129,379 | 190,862 | |
| Net income (loss): | 76,617 | 42,215 | (311,088) | (408,802) | 129,379 | 190,862 | ||
| Net income (loss) attributable to noncontrolling interest | (212) | (290) | 5,920 | 4,361 | (198) | (736) | ||
| Other undisclosed net loss attributable to parent | (1,339) | (1,483) | ||||||
| Net income (loss) attributable to parent: | 76,405 | 41,925 | (305,168) | (404,441) | 127,842 | 188,643 | ||
| Preferred stock dividends and other adjustments | (25,115) | (25,115) | (25,115) | (25,115) | ||||
| Other undisclosed net loss available to common stockholders, basic | (25,115) | (25,115) | ||||||
| Net income (loss) available to common stockholders, diluted: | 51,290 | 16,810 | (330,283) | (429,556) | 102,727 | 163,528 | ||
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): | 76,617 | 42,215 | (311,088) | (408,802) | 129,379 | 190,862 | ||
| Other comprehensive income | 41,279 | |||||||
| Other undisclosed comprehensive income (loss) | (17,929) | 57,704 | 10,658 | (49,536) | (35,709) | 7,349 | ||
| Comprehensive income (loss): | 58,688 | 99,919 | (259,151) | (458,338) | 93,670 | 198,211 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (212) | (290) | 5,920 | 4,361 | (384) | (2,219) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 58,476 | 99,629 | (253,231) | (453,977) | 93,286 | 195,992 | ||
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.