$APLE
Apple Hospitality REIT, Inc.

2022 Q1 Form 10-Q Financial Statement

#000156459022018268 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $260.5M $158.7M
YoY Change 64.12% -33.32%
Cost Of Revenue $154.0M $103.7M
YoY Change 48.45% -33.19%
Gross Profit $106.5M $54.97M
YoY Change 93.69% -33.56%
Gross Profit Margin 40.88% 34.64%
Selling, General & Admin $72.59M $58.20M
YoY Change 24.73% -20.6%
% of Gross Profit 68.17% 105.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.32M $48.70M
YoY Change -6.93% -1.62%
% of Gross Profit 42.57% 88.59%
Operating Expenses $117.9M $106.8M
YoY Change 10.41% -13.03%
Operating Profit $32.84M -$27.81M
YoY Change -218.05% -314.9%
Interest Expense -$14.65M -$18.50M
YoY Change -20.79% 18.59%
% of Operating Profit -44.63%
Other Income/Expense, Net
YoY Change
Pretax Income $18.18M -$46.33M
YoY Change -139.24% 1666.18%
Income Tax $179.0K $108.0K
% Of Pretax Income 0.98%
Net Earnings $18.00M -$46.44M
YoY Change -138.77% 1576.96%
Net Earnings / Revenue 6.91% -29.26%
Basic Earnings Per Share $0.08
Diluted Earnings Per Share $78.62K -$207.4K
COMMON SHARES
Basic Shares Outstanding 229.0M
Diluted Shares Outstanding 229.0M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $636.0K $5.800M
YoY Change -89.03% -98.67%
Cash & Equivalents $41.20M $5.776M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $60.56M $38.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $61.20M $44.60M
YoY Change 37.21% -90.29%
LONG-TERM ASSETS
Property, Plant & Equipment $4.640B $4.713B
YoY Change -1.54% -1.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $40.57M $35.30M
YoY Change 14.92% 6.01%
Total Long-Term Assets $4.730B $4.781B
YoY Change -1.07% -1.36%
TOTAL ASSETS
Total Short-Term Assets $61.20M $44.60M
Total Long-Term Assets $4.730B $4.781B
Total Assets $4.791B $4.826B
YoY Change -0.72% -9.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.55M $77.90M
YoY Change -28.69% -25.88%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $66.95M $80.10M
YoY Change -16.42% -23.79%
LONG-TERM LIABILITIES
Long-Term Debt $1.545B $1.744B
YoY Change -11.41% -13.08%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.545B $1.744B
YoY Change -11.41% -13.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.95M $80.10M
Total Long-Term Liabilities $1.545B $1.744B
Total Liabilities $1.612B $1.824B
YoY Change -11.63% -13.61%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.179B $3.002B
YoY Change
Total Liabilities & Shareholders Equity $4.791B $4.826B
YoY Change -0.72% -9.06%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $18.00M -$46.44M
YoY Change -138.77% 1576.96%
Depreciation, Depletion And Amortization $45.32M $48.70M
YoY Change -6.93% -1.62%
Cash From Operating Activities $39.06M -$2.114M
YoY Change -1947.82% -106.34%
INVESTING ACTIVITIES
Capital Expenditures -$13.59M -$2.500M
YoY Change 443.44% -90.74%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$31.80M
YoY Change -100.0% -171.62%
Cash From Investing Activities -$13.59M -$34.29M
YoY Change -60.38% -297.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -24.22M 37.96M
YoY Change -163.81% -90.15%
NET CHANGE
Cash From Operating Activities 39.06M -2.114M
Cash From Investing Activities -13.59M -34.29M
Cash From Financing Activities -24.22M 37.96M
Net Change In Cash 1.255M 1.557M
YoY Change -19.4% -99.64%
FREE CASH FLOW
Cash From Operating Activities $39.06M -$2.114M
Capital Expenditures -$13.59M -$2.500M
Free Cash Flow $52.65M $386.0K
YoY Change 13539.64% -99.36%

Facts In Submission

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<p style="margin-top:10pt;margin-bottom:0pt;text-indent:2.27%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</p>
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11400000
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-03-31
CY2022Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-04-18
CY2021Q4 aple Quarterly Distribution Rate
QuarterlyDistributionRate
0.01
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
2300000
CY2020Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
345000000
CY2022Q1 aple Share Repurchase Program End Period
ShareRepurchaseProgramEndPeriod
2022-07

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