$CLDT
Chatham Lodging Trust

2023 Q3 Form 10-Q Financial Statement

#000147604523000057 Filed on August 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $86.74M $84.48M
YoY Change -1.3% 3.32%
Cost Of Revenue $47.67M $17.48M
YoY Change 9.12% -57.73%
Gross Profit $39.07M $67.00M
YoY Change -11.6% 65.77%
Gross Profit Margin 45.05% 79.31%
Selling, General & Admin $38.21M $36.89M
YoY Change 4.02% 5.55%
% of Gross Profit 97.8% 55.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.69M $14.62M
YoY Change 0.2% -4.32%
% of Gross Profit 37.59% 21.82%
Operating Expenses $52.90M $51.56M
YoY Change 2.93% 2.66%
Operating Profit $13.87M $15.44M
YoY Change -26.09% -5.04%
Interest Expense $6.849M -$6.253M
YoY Change 6.95% -190.15%
% of Operating Profit 49.37% -40.51%
Other Income/Expense, Net
YoY Change
Pretax Income $7.499M $9.365M
YoY Change -39.41% 0.46%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $7.329M $7.157M
YoY Change -39.57% -21.79%
Net Earnings / Revenue 8.45% 8.47%
Basic Earnings Per Share $0.11 $0.15
Diluted Earnings Per Share $0.11 $0.15
COMMON SHARES
Basic Shares Outstanding 48.86M shares 48.86M shares
Diluted Shares Outstanding 49.00M shares 48.96M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $71.65M $32.90M
YoY Change 259.77% 85.35%
Cash & Equivalents $71.65M $32.90M
Short-Term Investments
Other Short-Term Assets $6.158M $9.604M
YoY Change -3.46% 16.14%
Inventory
Prepaid Expenses
Receivables $5.198M $5.705M
Other Receivables $0.00 $0.00
Total Short-Term Assets $83.00M $48.21M
YoY Change 99.91% 44.79%
LONG-TERM ASSETS
Property, Plant & Equipment $1.260B $1.269B
YoY Change -2.7% -2.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $14.80M
YoY Change 47.43%
Other Assets $22.75M $4.965M
YoY Change 513.27% 20.48%
Total Long-Term Assets $1.283B $1.288B
YoY Change -2.3% -2.42%
TOTAL ASSETS
Total Short-Term Assets $83.00M $48.21M
Total Long-Term Assets $1.283B $1.288B
Total Assets $1.366B $1.337B
YoY Change 0.83% -1.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.79M $29.96M
YoY Change 4.36% 7.35%
Accrued Expenses $20.92M $21.02M
YoY Change -6.05% -6.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $62.07M $56.31M
YoY Change 6.64% 8.33%
LONG-TERM LIABILITIES
Long-Term Debt $486.1M $465.9M
YoY Change 2.96% -4.75%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $486.1M $465.9M
YoY Change 2.96% -4.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.07M $56.31M
Total Long-Term Liabilities $486.1M $465.9M
Total Liabilities $548.1M $548.2M
YoY Change 3.36% 1.32%
SHAREHOLDERS EQUITY
Retained Earnings -$257.3M -$259.2M
YoY Change 4.91% 1.49%
Common Stock $1.048B $1.048B
YoY Change 0.01% 0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $790.4M $788.5M
YoY Change
Total Liabilities & Shareholders Equity $1.366B $1.337B
YoY Change 0.83% -1.26%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $7.329M $7.157M
YoY Change -39.57% -21.79%
Depreciation, Depletion And Amortization $14.69M $14.62M
YoY Change 0.2% -4.32%
Cash From Operating Activities $33.58M $27.99M
YoY Change 16.55% 8.12%
INVESTING ACTIVITIES
Capital Expenditures $5.833M $7.500M
YoY Change -272.98% -225.73%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$5.833M -$7.500M
YoY Change 72.98% -110.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.53M -8.541M
YoY Change -176.37% -91.33%
NET CHANGE
Cash From Operating Activities 33.58M 27.99M
Cash From Investing Activities -5.833M -7.500M
Cash From Financing Activities 14.53M -8.541M
Net Change In Cash 42.28M 11.95M
YoY Change 559.63% 789.72%
FREE CASH FLOW
Cash From Operating Activities $33.58M $27.99M
Capital Expenditures $5.833M $7.500M
Free Cash Flow $27.75M $20.49M
YoY Change -13.79% -35.67%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2023Q2 cldt Accrued Share Based Compensation
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<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</span></div>
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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cldt Amortization Of Right Of Use Asset
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cldt Amortization Of Lease Liability
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cldt Partial Lease Termination Of Right Of Use Asset
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CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
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false

Files In Submission

Name View Source Status
0001476045-23-000057-index-headers.html Edgar Link pending
0001476045-23-000057-index.html Edgar Link pending
0001476045-23-000057.txt Edgar Link pending
0001476045-23-000057-xbrl.zip Edgar Link pending
cldt-20230630.htm Edgar Link pending
cldt-20230630.xsd Edgar Link pending
cldtex31120230630.htm Edgar Link pending
cldtex31220230630.htm Edgar Link pending
cldtex32120230630.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
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R16.htm Edgar Link pending
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