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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments67,56438,620111,796122,52443,863183,569
Cash and cash equivalents67,56438,620111,796122,52443,863183,569
Total current assets:67,56438,620111,796122,52443,863183,569
Noncurrent Assets
Operating lease, right-of-use asset99,047100,21296,67398,145
Property, plant and equipment2,748,4762,651,4442,817,3563,026,7692,944,6172,692,286
Intangible assets, net (including goodwill)     63,94526,690
Intangible assets, net (excluding goodwill)     63,94526,690
Total noncurrent assets:2,847,5232,751,6562,914,0293,124,9143,008,5622,718,976
Other undisclosed assets292,453175,030120,948178,328145,155198,313
TOTAL ASSETS:3,207,5402,965,3063,146,7733,425,7663,197,5803,100,858
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt61,06962,78064,79667,42273,15170,734
Off-market lease, unfavorable61,06962,78064,79667,42273,15170,734
Total noncurrent liabilities:61,06962,78064,79667,42273,15170,734
Other undisclosed liabilities1,550,2931,381,5621,363,0521,437,2821,233,8361,196,479
Total liabilities:1,611,3621,444,3421,427,8481,504,7041,306,9871,267,213
Equity
Equity, attributable to parent1,589,8811,515,2141,711,1091,912,4901,882,8971,833,645
Preferred stock484848   
Common stock2,0942,1072,1012,0022,0452,003
Additional paid in capital2,288,4332,293,9902,285,4912,089,3492,126,4722,061,451
Accumulated other comprehensive income      
Accumulated deficit(700,694)(780,931)(576,531)(178,861)(245,620)(229,809)
Equity, attributable to noncontrolling interest6,2975,7507,8168,5727,696 
Total equity:1,596,1781,520,9641,718,9251,921,0621,890,5931,833,645
TOTAL LIABILITIES AND EQUITY:3,207,5402,965,3063,146,7733,425,7663,197,5803,100,858

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,001,503567,134299,488938,091863,704870,005
Revenue, net870,005
Cost of revenue(805,604)(564,632)(469,050)(664,683)(724,459)(603,235)
Cost of goods and services sold(108,849)(102,963)(114,716)(118,110)(104,524)(603,235)
Gross profit:195,8992,502(169,562)273,408139,245266,770
Operating expenses(34,134)(158,544)(199,313)(19,409)(9,184)(126,987)
Operating income (loss):161,765(156,042)(368,875)253,999130,061139,783
Nonoperating expense(49,453)(36,096)(53,604)(47,760)(39,164)(37,699)
Interest and debt expense(9,766)(37,043)(53,995)(2,373)(40,970)(274)
Income (loss) from continuing operations before equity method investments, income taxes:102,546(229,181)(476,474)203,86649,927101,810
Other undisclosed income from continuing operations before income taxes9,76637,04353,9952,37340,970274
Income (loss) from continuing operations before income taxes:112,312(192,138)(422,479)206,23990,897102,084
Income tax expense (benefit)(2,607)(3,267)26,452(22,028)(3,101)(10,207)
Income (loss) from continuing operations:109,705(195,405)(396,027)184,21187,79691,877
Income (loss) before gain (loss) on sale of properties:(195,405)(396,027)184,21187,79691,877
Net income (loss):109,705(195,405)(396,027)184,21187,79691,877
Net income (loss) attributable to noncontrolling interest(377)8211,652(724)(12) 
Net income (loss) attributable to parent:109,328(194,584)(394,375)183,48787,78491,877
Preferred stock dividends and other adjustments(9,817)(9,817)(3,300)   
Other undisclosed net loss available to common stockholders, basic    (132)  
Net income (loss) available to common stockholders, diluted:99,511(204,401)(397,675)183,35587,78491,877

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):109,705(195,405)(396,027)184,21187,79691,877
Other undisclosed comprehensive income      
Comprehensive income (loss):109,705(195,405)(396,027)184,21187,79691,877
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(377)8211,652(724)(12) 
Comprehensive income (loss), net of tax, attributable to parent:109,328(194,584)(394,375)183,48787,78491,877

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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