Watermark Lodging Trust, Inc. (WRMK) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
150 N. RIVERSIDE PLAZA CHICAGO, IL 60606 |
| 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)
| 6/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 249,478 | 160,383 | 81,713 | 76,823 | 68,527 | 63,245 | |||
| Cash and cash equivalent | 249,478 | 160,383 | 81,713 | 76,823 | 68,527 | 63,245 | |||
| Receivables | 3,707 | ||||||||
| Deferred costs | 11,169 | 2,800 | 5,000 | ||||||
| Total current assets: | 249,478 | 171,552 | 81,713 | 76,823 | 75,034 | 68,245 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 43,671 | 40,729 | ✕ | ✕ | ✕ | ||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 767,296 | 832,599 | 335,877 | 332,398 | 326,850 | 294,807 | |||
| Long-term investments and receivables | 12,705 | 18,639 | 113,169 | 121,456 | 134,738 | 35,712 | |||
| Long-term investments | 12,705 | 18,639 | 113,169 | 121,456 | 134,738 | 35,712 | |||
| Intangible asset, including goodwill, after accumulated amortization | 69,464 | 72,285 | |||||||
| Intangible asset, excluding goodwill, after accumulated amortization | 69,464 | 72,285 | |||||||
| Total noncurrent assets: | 893,136 | 964,252 | 449,046 | 453,854 | 461,588 | 330,519 | |||
| Other undisclosed assets | 2,018,911 | 2,283,522 | 1,046,223 | 1,074,637 | 1,105,226 | 1,008,953 | |||
| TOTAL ASSETS: | 3,161,525 | 3,419,326 | 1,576,982 | 1,605,314 | 1,641,848 | 1,407,717 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 1,200,000 | 811,400 | |||||||
| Total current liabilities: | 1,200,000 | 811,400 | |||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,289,262 | 1,821,510 | 914,338 | 908,911 | 910,063 | 857,608 | |||
| Total liabilities: | 2,489,262 | 2,632,910 | 914,338 | 908,911 | 910,063 | 857,608 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 648,238 | 743,195 | 641,764 | 670,368 | 704,028 | 514,978 | |||
| Additional paid in capital | 1,642,495 | 1,655,554 | 852,051 | 825,896 | 807,377 | 573,135 | |||
| Accumulated other comprehensive income (loss) | 148 | (724) | (157) | 1,205 | 1,373 | 896 | |||
| Other undisclosed equity, attributable to parent | (994,405) | (911,635) | (210,130) | (156,733) | (104,722) | (59,053) | |||
| Equity, attributable to noncontrolling interest | 24,025 | 43,221 | 20,880 | 26,035 | 27,757 | 35,131 | |||
| Total equity: | 672,263 | 786,416 | 662,644 | 696,403 | 731,785 | 550,109 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,161,525 | 3,419,326 | 1,576,982 | 1,605,314 | 1,641,848 | 1,407,717 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 655,920 | 279,101 | 367,207 | 362,332 | 340,810 | 177,600 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 340,810 | 177,600 | |
| Cost of revenue | (28,427) | (434,327) | (15,291) | (12,099) | (279,389) | (140,671) | ||
| Cost of product and service sold | (28,427) | (134,173) | (12,848) | (12,099) | (279,389) | (140,671) | ||
| Gross profit: | 627,493 | (155,226) | 351,916 | 350,233 | 61,421 | 36,929 | ||
| Operating expenses | (670,423) | (23,845) | (306,731) | (293,534) | (24,608) | (37,161) | ||
| Other undisclosed operating income (loss) | 136,699 | (137,205) | (8,156) | |||||
| Operating income (loss): | 93,769 | (316,276) | 45,185 | 48,543 | 36,813 | (232) | ||
| Nonoperating income (expense) | (501) | 79,650 | 965 | 792 | (37,407) | (14,507) | ||
| Investment income, nonoperating | 78,696 | |||||||
| Other nonoperating income (expense) | (501) | 954 | 965 | 792 | 155 | 35 | ||
| Unusual or infrequent item, or both, net (gain) loss | 1,571 | 2,520 | ||||||
| Interest and debt expense | (179,744) | (125,804) | (39,907) | (40,606) | (256) | (17,605) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (86,476) | (362,430) | 6,243 | 8,729 | (850) | (32,344) | ||
| Loss from equity method investments | (5,575) | (35,026) | (5,209) | (5,819) | ||||
| Other undisclosed income from continuing operations before income taxes | 256 | 17,605 | ||||||
| Income (loss) from continuing operations before income taxes: | (92,051) | (397,456) | 1,034 | 2,910 | (594) | (14,739) | ||
| Income tax expense (benefit) | (3,553) | 7,930 | (85) | (3,259) | (3,900) | (2,711) | ||
| Income (loss) from continuing operations: | (95,604) | (389,526) | 949 | (349) | (4,494) | (17,450) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (95,604) | (389,526) | 949 | (349) | (4,494) | (17,450) | |
| Other undisclosed net income | 7,041 | 19,730 | ||||||
| Net income (loss): | (86,992) | (367,276) | 949 | (349) | (4,494) | (17,450) | ||
| Net income (loss) attributable to noncontrolling interest | 4,221 | 17,148 | (8,567) | (7,438) | (991) | (3,577) | ||
| Net loss attributable to parent: | (82,771) | (350,128) | (7,618) | (7,787) | (5,485) | (21,027) | ||
| Preferred stock dividends and other adjustments | (1,742) | |||||||
| Net loss available to common stockholders, diluted: | (82,771) | (351,870) | (7,618) | (7,787) | (5,485) | (21,027) | ||
Comprehensive Income ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (86,992) | (367,276) | 949 | (349) | (4,494) | (17,450) | ||
| Other comprehensive income (loss) | 875 | (532) | (1,309) | |||||
| Other undisclosed comprehensive income (loss) | (171) | 484 | 989 | |||||
| Comprehensive loss: | (86,117) | (367,808) | (360) | (520) | (4,010) | (16,461) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 4,199 | 17,128 | (8,620) | (7,435) | (998) | (3,576) | ||
| Comprehensive loss, net of tax, attributable to parent: | (81,918) | (350,680) | (8,980) | (7,955) | (5,008) | (20,037) | ||
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.