$DRH
Diamondrock Hospitality Co Stock $drh

$drh Overview Financials Valuation SEC Filings Company Website

2020 Q1 Form 10-Q Financial Statement

#000129894620000056 Filed on May 11, 2020

Income Statement

Concept	2020 Q1	2019 Q1
Revenue	$170.0M	$202.4M
YoY Change	-16.0%	11.48%
Cost Of Revenue	$150.8M	$158.6M
YoY Change	-4.92%	13.77%
Gross Profit	$19.20M	$43.70M
YoY Change	-56.06%	3.55%
Gross Profit Margin	11.29%	21.59%
Selling, General & Admin	$8.600M	$7.100M
YoY Change	21.13%	-27.55%
% of Gross Profit	44.79%	16.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$30.10M	$29.00M
YoY Change	3.81%	16.44%
% of Gross Profit	156.77%	66.35%
Operating Expenses	$38.70M	$36.10M
YoY Change	7.2%	4.34%
Operating Profit	-$19.52M	$16.49M
YoY Change	-218.36%	21.98%
Interest Expense	$21.22M	$11.66M
YoY Change	81.94%	18.07%
% of Operating Profit		70.72%
Other Income/Expense, Net	-$21.62M	-$11.36M
YoY Change	90.31%	21.28%
Pretax Income	-$41.14M	$5.131M
YoY Change	-901.7%	23.55%
Income Tax	-$6.443M	-$3.849M
% Of Pretax Income		-75.01%
Net Earnings	-$34.56M	$8.945M
YoY Change	-486.35%	106.2%
Net Earnings / Revenue	-20.33%	4.42%
Basic Earnings Per Share	-$0.17	$0.04
Diluted Earnings Per Share	-$0.17	$0.04
COMMON SHARES
Basic Shares Outstanding	201.2M shares	202.8M shares
Diluted Shares Outstanding	201.2M shares	203.5M shares

Balance Sheet

Concept	2020 Q1	2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$387.8M	$36.50M
YoY Change	962.47%	-47.18%
Cash & Equivalents	$387.8M	$36.52M
Short-Term Investments
Other Short-Term Assets	$19.20M	$15.90M
YoY Change	20.75%	-56.08%
Inventory
Prepaid Expenses
Receivables	$72.40M	$100.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$479.4M	$152.4M
YoY Change	214.57%	-25.88%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.047B	$2.942B
YoY Change	3.56%	4.67%
Goodwill
YoY Change
Intangibles		$0.00
YoY Change		-100.0%
Long-Term Investments
YoY Change
Other Assets	$47.10M	$46.90M
YoY Change	0.43%	22.14%
Total Long-Term Assets	$3.192B	$3.088B
YoY Change	3.34%	6.64%
TOTAL ASSETS
Total Short-Term Assets	$479.4M	$152.4M
Total Long-Term Assets	$3.192B	$3.088B
Total Assets	$3.671B	$3.241B
YoY Change	13.27%	4.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$69.50M	$78.40M
YoY Change	-11.35%	-12.6%
Accrued Expenses	$102.9M	$101.8M
YoY Change	1.08%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$181.8M	$205.9M
YoY Change	-11.7%	154.2%
LONG-TERM LIABILITIES
Long-Term Debt	$1.412B	$1.035B
YoY Change	36.43%	10.38%
Other Long-Term Liabilities	$131.1M	$129.4M
YoY Change	1.31%	-26.31%
Total Long-Term Liabilities	$1.543B	$1.164B
YoY Change	32.53%	4.59%
TOTAL LIABILITIES
Total Short-Term Liabilities	$181.8M	$205.9M
Total Long-Term Liabilities	$1.543B	$1.164B
Total Liabilities	$1.794B	$1.411B
YoY Change	27.18%	9.89%
SHAREHOLDERS EQUITY
Retained Earnings	-$213.4M	-$277.4M
YoY Change	-23.08%	10.61%
Common Stock	$2.082B	$2.100B
YoY Change	-0.87%	1.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.868B	$1.822B
YoY Change
Total Liabilities & Shareholders Equity	$3.671B	$3.241B
YoY Change	13.27%	4.49%

Cashflow Statement

Concept	2020 Q1	2019 Q1
OPERATING ACTIVITIES
Net Income	-$34.56M	$8.945M
YoY Change	-486.35%	106.2%
Depreciation, Depletion And Amortization	$30.10M	$29.00M
YoY Change	3.81%	16.44%
Cash From Operating Activities	$10.26M	$21.86M
YoY Change	-53.06%	-34.94%
INVESTING ACTIVITIES
Capital Expenditures	-$50.40M	-$30.30M
YoY Change	66.34%	17.44%
Acquisitions
YoY Change
Other Investing Activities	$10.70M	$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$39.70M	-$30.29M
YoY Change	31.05%	-75.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$10.00M	$30.00M
YoY Change	-66.66%	-1192.43%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$284.5M	$207.0K
YoY Change	137357.49%	-100.79%
NET CHANGE
Cash From Operating Activities	$10.26M	$21.86M
Cash From Investing Activities	-$39.70M	-$30.29M
Cash From Financing Activities	$284.5M	$207.0K
Net Change In Cash	$255.1M	-$8.220M
YoY Change	-3203.47%	-92.93%
FREE CASH FLOW
Cash From Operating Activities	$10.26M	$21.86M
Capital Expenditures	-$50.40M	-$30.30M
Free Cash Flow	$60.66M	$52.16M
YoY Change	16.3%	-12.19%

Facts In Submission

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CY2020Q1	dei	Document Type DocumentType	10-Q
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CY2020Q1	dei	Entity File Number EntityFileNumber	001-32514
CY2020Q1	dei	Entity Registrant Name EntityRegistrantName	DIAMONDROCK HOSPITALITY CO
CY2020Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2020Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	20-1180098
CY2020Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	2 Bethesda Metro Center, Suite 1400,
CY2020Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Bethesda,
CY2020Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	MD
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CY2020Q1	dei	City Area Code CityAreaCode	240
CY2020Q1	dei	Local Phone Number LocalPhoneNumber	744-1150
CY2020Q1	dei	Security12b Title Security12bTitle	Common stock, $0.01 par value per share
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CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	284537000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	207000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	255105000	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-8220000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	179792000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	91598000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	434897000	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	83378000	USD
CY2020Q1	us-gaap	Interest Paid Net InterestPaidNet	10036000	USD
CY2019Q1	us-gaap	Interest Paid Net InterestPaidNet	10122000	USD
CY2020Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-306000	USD
CY2019Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	20000	USD
CY2020Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	1006000	USD
CY2019Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	152000	USD
CY2020Q1	drh	Non Cash Cumulative Effectof New Accounting Principlein Periodof Adoption NonCashCumulativeEffectofNewAccountingPrincipleinPeriodofAdoption	0	USD
CY2019Q1	drh	Non Cash Cumulative Effectof New Accounting Principlein Periodof Adoption NonCashCumulativeEffectofNewAccountingPrincipleinPeriodofAdoption	15286000	USD
CY2020Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	143000	USD
CY2019Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	25734000	USD
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	387825000	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	122524000	USD
CY2020Q1	us-gaap	Restricted Cash RestrictedCash	47072000	USD
CY2019Q4	us-gaap	Restricted Cash RestrictedCash	57268000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	434897000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	179792000	USD
CY2020Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	31	hotel
CY2020Q1	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	10102	room
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	387800000	USD
CY2020Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2020Q1	us-gaap	Liability For Uncertain Tax Positions Noncurrent LiabilityForUncertainTaxPositionsNoncurrent	0	USD
CY2020Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1041933000	USD
CY2020Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risk</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of our cash and cash equivalents. We maintain cash and cash equivalents with various financial institutions. We perform periodic evaluations of the relative credit standing of these financial institutions and limit the amount of credit exposure with any one institution.</span></div>
CY2020Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4088942000	USD
CY2019Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4038545000	USD
CY2019Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1011776000	USD
CY2020Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3047009000	USD
CY2019Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3026769000	USD
CY2020Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	14100000	USD
CY2019	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	13100000	USD
CY2020Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P67Y
CY2020Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0577
CY2020Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	2808000	USD
CY2019Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	2751000	USD
CY2020Q1	us-gaap	Variable Lease Cost VariableLeaseCost	237000	USD
CY2019Q1	us-gaap	Variable Lease Cost VariableLeaseCost	337000	USD
CY2020Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	807000	USD
CY2019Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	788000	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	2402000	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	3496000	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	3940000	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	3997000	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	3976000	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	759124000	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	776935000	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	674012000	USD
CY2020Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	102923000	USD
CY2020Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2020Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2020Q1	drh	Common Stock Voting Rights Votes CommonStockVotingRightsVotes	1	vote
CY2020Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	250000000	USD
CY2020Q1	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	1119438	shares
CY2020Q1	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	8.91
CY2020Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	10000000.0	USD
CY2020Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2020Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2020Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q4	drh	Common Unit Issuance Value Per Share CommonUnitIssuanceValuePerShare	11.76
CY2018	drh	Operating Partnership Units Option To Redeem For Common Stock Ratio OperatingPartnershipUnitsOptionToRedeemForCommonStockRatio	1
CY2018	drh	Operating Partnership Units Option To Redeem For Common Stock Ratio OperatingPartnershipUnitsOptionToRedeemForCommonStockRatio	1
CY2020Q1	drh	Common Stock Dividends Per Share Cash Paid And Distribution Per Unit Of Limited Partner Interest CommonStockDividendsPerShareCashPaidAndDistributionPerUnitOfLimitedPartnerInterest	0.125
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-34559000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	8945000	USD
CY2020Q1	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	0	USD
CY2019Q1	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	35000	USD
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-34559000	USD
CY2019Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	8910000	USD
CY2020Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	201207835	shares
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	202817124	shares
CY2020Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	201207835	shares
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	203537829	shares
CY2020Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.17
CY2019Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.04
CY2020Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.17
CY2019Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.04
CY2020Q1	us-gaap	Long Term Debt LongTermDebt	1411908000	USD
CY2019Q4	us-gaap	Long Term Debt LongTermDebt	1090099000	USD
CY2020Q1	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.0324
CY2020Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	31	hotel
CY2020Q1	drh	Percent Of Unused Portion Line Of Credit Facility Triggering Commitment Fee Percentage PercentOfUnusedPortionLineOfCreditFacilityTriggeringCommitmentFeePercentage	0.50
CY2020Q1	drh	Percent Of Unused Portion Line Of Credit Facility Triggering Commitment Fee Percentage PercentOfUnusedPortionLineOfCreditFacilityTriggeringCommitmentFeePercentage	0.50
CY2020Q1	drh	Debt Instrument Numberof Instruments DebtInstrumentNumberofInstruments	2	loan

Files In Submission

Name	View Source	Status
0001298946-20-000056-index-headers.html	Edgar Link	pending
0001298946-20-000056-index.html	Edgar Link	pending
0001298946-20-000056.txt	Edgar Link	pending
0001298946-20-000056-xbrl.zip	Edgar Link	pending
drh-20200331.xsd	Edgar Link	pending
drh-20200331_cal.xml	Edgar Link	unprocessable
drh-20200331_def.xml	Edgar Link	unprocessable
drh-20200331_lab.xml	Edgar Link	unprocessable
drh-20200331_pre.xml	Edgar Link	unprocessable
drh10qmarch312020.htm	Edgar Link	pending
drh10qmarch312020_htm.xml	Edgar Link	completed
drhexhibit311march3120.htm	Edgar Link	pending
drhexhibit312march3120.htm	Edgar Link	pending
drhexhibit321march3120.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$DRH
Diamondrock Hospitality Co Stock $drh

2020 Q1 Form 10-Q Financial Statement

#000129894620000056 Filed on May 11, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DRH Diamondrock Hospitality Co Stock $drh

2020 Q1 Form 10-Q Financial Statement

#000129894620000056 Filed on May 11, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DRH
Diamondrock Hospitality Co Stock $drh