2022 Q4 Form 10-Q Financial Statement

#000129894622000115 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $255.1M $268.2M
YoY Change 34.29% 49.44%
Cost Of Revenue $177.4M $183.1M
YoY Change 21.27% 38.54%
Gross Profit $77.62M $85.16M
YoY Change 77.95% 79.88%
Gross Profit Margin 30.43% 31.75%
Selling, General & Admin $13.98M $10.31M
YoY Change 14.59% -7.27%
% of Gross Profit 18.01% 12.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.75M $27.05M
YoY Change 7.76% 5.86%
% of Gross Profit 35.75% 31.77%
Operating Expenses $41.73M $37.37M
YoY Change 9.96% 1.88%
Operating Profit $35.89M $47.79M
YoY Change 533.02% 348.18%
Interest Expense -$15.78M $9.072M
YoY Change 115.83% -9.75%
% of Operating Profit -43.96% 18.98%
Other Income/Expense, Net -$18.92M
YoY Change 88.04%
Pretax Income $20.05M $28.87M
YoY Change -1899.55% 4711.17%
Income Tax $1.658M $312.0K
% Of Pretax Income 8.27% 1.08%
Net Earnings $15.87M $28.46M
YoY Change -640.05% -1712.24%
Net Earnings / Revenue 6.22% 10.61%
Basic Earnings Per Share $0.12
Diluted Earnings Per Share $0.07 $0.12
COMMON SHARES
Basic Shares Outstanding 209.4M shares 210.9M shares
Diluted Shares Outstanding 213.7M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.56M $313.9M
YoY Change 74.95% 371.99%
Cash & Equivalents $67.56M $313.9M
Short-Term Investments
Other Short-Term Assets $76.13M $69.79M
YoY Change 335.73% 260.96%
Inventory
Prepaid Expenses
Receivables $176.7M $182.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $320.4M $566.5M
YoY Change 81.26% 190.02%
LONG-TERM ASSETS
Property, Plant & Equipment $2.748B $2.674B
YoY Change 3.66% 5.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $39.61M $45.99M
YoY Change 7.39% 46.77%
Total Long-Term Assets $2.887B $2.820B
YoY Change 3.54% 5.36%
TOTAL ASSETS
Total Short-Term Assets $320.4M $566.5M
Total Long-Term Assets $2.887B $2.820B
Total Assets $3.208B $3.386B
YoY Change 8.17% 17.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $166.8M $123.8M
YoY Change 95.11% 46.62%
Accrued Expenses $110.9M $110.3M
YoY Change 2.09% 2.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $290.6M $158.0M
YoY Change 81.82% -17.9%
LONG-TERM LIABILITIES
Long-Term Debt $1.186B $1.366B
YoY Change 11.11% 39.04%
Other Long-Term Liabilities $134.9M $134.5M
YoY Change 2.4% 3.57%
Total Long-Term Liabilities $1.321B $1.501B
YoY Change 10.15% 34.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $290.6M $158.0M
Total Long-Term Liabilities $1.321B $1.501B
Total Liabilities $1.611B $1.783B
YoY Change 11.56% 32.31%
SHAREHOLDERS EQUITY
Retained Earnings -$700.7M -$703.7M
YoY Change -10.27% -9.26%
Common Stock $2.291B $2.301B
YoY Change -0.24% 0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.590B $1.597B
YoY Change
Total Liabilities & Shareholders Equity $3.208B $3.386B
YoY Change 8.17% 17.92%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $15.87M $28.46M
YoY Change -640.05% -1712.24%
Depreciation, Depletion And Amortization $27.75M $27.05M
YoY Change 7.76% 5.86%
Cash From Operating Activities $48.21M $82.54M
YoY Change 140.71% 485.76%
INVESTING ACTIVITIES
Capital Expenditures $98.83M -$16.56M
YoY Change -787.11% 25.99%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$98.83M -$16.56M
YoY Change -20.3% -87.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -202.1M 179.8M
YoY Change -347.51% -2974.66%
NET CHANGE
Cash From Operating Activities 48.21M 82.54M
Cash From Investing Activities -98.83M -16.56M
Cash From Financing Activities -202.1M 179.8M
Net Change In Cash -252.7M 245.8M
YoY Change 1031.83% -301.81%
FREE CASH FLOW
Cash From Operating Activities $48.21M $82.54M
Capital Expenditures $98.83M -$16.56M
Free Cash Flow -$50.61M $99.10M
YoY Change -247.08% 263.89%

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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1718925000 usd
CY2021Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.5156
CY2021Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2454000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
301000 usd
CY2021Q1 us-gaap Profit Loss
ProfitLoss
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q2 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.5156
CY2021Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2454000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2783000 usd
CY2021Q2 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q3 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.5156
CY2021Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2454000 usd
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MinorityInterestDecreaseFromRedemptions
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us-gaap Profit Loss
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us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
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us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
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us-gaap Depreciation Nonproduction
DepreciationNonproduction
167000 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
169000 usd
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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drh Non Cash Lease Expense And Other Amortization
NonCashLeaseExpenseAndOtherAmortization
4675000 usd
drh Non Cash Lease Expense And Other Amortization
NonCashLeaseExpenseAndOtherAmortization
5007000 usd
drh Fair Value Adjustment Of Derivative Instruments
FairValueAdjustmentOfDerivativeInstruments
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drh Fair Value Adjustment Of Derivative Instruments
FairValueAdjustmentOfDerivativeInstruments
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drh Amortization Of Financing Costs And Derivative Gains Losses
AmortizationOfFinancingCostsAndDerivativeGainsLosses
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drh Amortization Of Financing Costs And Derivative Gains Losses
AmortizationOfFinancingCostsAndDerivativeGainsLosses
1902000 usd
drh Impairment Charges Included In Continuing And Discontinued Operations
ImpairmentChargesIncludedInContinuingAndDiscontinuedOperations
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drh Impairment Charges Included In Continuing And Discontinued Operations
ImpairmentChargesIncludedInContinuingAndDiscontinuedOperations
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
315000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
255000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5852000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7505000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3461000 usd
drh Increase Decrease In Due To From Hotel Managers
IncreaseDecreaseInDueToFromHotelManagers
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drh Increase Decrease In Due To From Hotel Managers
IncreaseDecreaseInDueToFromHotelManagers
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6821000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
158025000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
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drh Payments For Extension Of Ground Lease
PaymentsForExtensionOfGroundLease
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drh Payments For Extension Of Ground Lease
PaymentsForExtensionOfGroundLease
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us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
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us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
213817000 usd
drh Proceeds From Receipt Of Deferred Key Money
ProceedsFromReceiptOfDeferredKeyMoney
1000000 usd
drh Proceeds From Receipt Of Deferred Key Money
ProceedsFromReceiptOfDeferredKeyMoney
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
61797000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
11854000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
11361000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
800000000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
400000000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
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us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
110000000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
200000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
13846000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1150000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
119000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
7362000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
7362000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
828000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1482000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
276100000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
284353000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-37014000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75507000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
134846000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
359860000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
97832000 usd
us-gaap Interest Paid Net
InterestPaidNet
34214000 usd
us-gaap Interest Paid Net
InterestPaidNet
32214000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4599000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1169000 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
6489000 usd
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
19000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4294000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2075000 usd
drh Transfer Of Land Interest As Consideration For Extension Of Ground Lease
TransferOfLandInterestAsConsiderationForExtensionOfGroundLease
0 usd
drh Transfer Of Land Interest As Consideration For Extension Of Ground Lease
TransferOfLandInterestAsConsiderationForExtensionOfGroundLease
855000 usd
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
214000 usd
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
2370000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
313871000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38620000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
45989000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
36887000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
359860000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75507000 usd
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
34 hotel
CY2022Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
9567 room
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Change in Presentation</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have made certain financial statement line item reclassifications from prior year in order to conform to current year presentation. The changes in presentation are not material to the financial statements.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><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 style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11700000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
14900000 usd
CY2022Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
0 usd
CY2021Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
0 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0577
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3841195000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3737808000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1166815000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1086364000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2674380000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2651444000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4300000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7300000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P65Y
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2797000 usd
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2781000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
8370000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
8315000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
447000 usd
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
251000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1210000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
416000 usd
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1011000 usd
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
884000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2990000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2628000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
999000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4033000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4012000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4072000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4640000 usd
CY2022Q3 drh Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
759838000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
777594000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
667307000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
110287000 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2022Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
0 usd
CY2021Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
0 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
drh Common Stock Voting Rights Votes
CommonStockVotingRightsVotes
1 vote
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 drh Common Unit Issuance Value Per Share
CommonUnitIssuanceValuePerShare
11.76
CY2018Q4 drh Operating Partnership Units Option To Redeem For Common Stock Ratio
OperatingPartnershipUnitsOptionToRedeemForCommonStockRatio
1
CY2018Q4 drh Operating Partnership Units Option To Redeem For Common Stock Ratio
OperatingPartnershipUnitsOptionToRedeemForCommonStockRatio
1
CY2022Q1 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.515625
CY2022Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.515625
CY2022Q3 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.515625
drh Share Based Compensation Arrangement By Share Based Payment Award Conversion Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio
1
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26002000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4219000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
83639000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-199007000 usd
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
0 usd
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
0 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
26002000 usd
CY2021Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-4219000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
83639000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-199007000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
212878364 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
212256590 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
212736133 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211966969 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
213657373 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
212256590 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
213459354 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
211966969 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.94
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.94
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
1366440000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1067223000 usd
CY2022Q3 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0426
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
34 hotel
drh Percent Of Unused Portion Line Of Credit Facility Triggering Commitment Fee Percentage
PercentOfUnusedPortionLineOfCreditFacilityTriggeringCommitmentFeePercentage
0.50
drh Percent Of Unused Portion Line Of Credit Facility Triggering Commitment Fee Percentage
PercentOfUnusedPortionLineOfCreditFacilityTriggeringCommitmentFeePercentage
0.50
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-9700000 usd
CY2022Q3 drh Finite Lived Intangible Asset Expected Amortization Annually
FiniteLivedIntangibleAssetExpectedAmortizationAnnually
1100000 usd

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R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
drh-20220930_cal.xml Edgar Link unprocessable