2024 Q4 Form 10-Q Financial Statement

#000129894624000107 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $285.1M
YoY Change 3.11%
Cost Of Revenue $204.6M
YoY Change 4.19%
Gross Profit $80.57M
YoY Change 0.49%
Gross Profit Margin 28.26%
Selling, General & Admin $7.660M
YoY Change -25.49%
% of Gross Profit 9.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.36M
YoY Change 2.43%
% of Gross Profit 35.19%
Operating Expenses $36.02M
YoY Change -5.13%
Operating Profit $44.56M
YoY Change 5.54%
Interest Expense -$15.99M
YoY Change -200.08%
% of Operating Profit -35.88%
Other Income/Expense, Net -$15.99M
YoY Change 5.16%
Pretax Income $26.98M
YoY Change -2.1%
Income Tax $418.0K
% Of Pretax Income 1.55%
Net Earnings $26.43M
YoY Change -3.08%
Net Earnings / Revenue 9.27%
Basic Earnings Per Share $0.11
Diluted Earnings Per Share $0.11
COMMON SHARES
Basic Shares Outstanding 207.6M shares 207.3M shares
Diluted Shares Outstanding 210.2M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.29M
YoY Change -26.72%
Cash & Equivalents $75.29M
Short-Term Investments
Other Short-Term Assets $69.77M
YoY Change -12.99%
Inventory
Prepaid Expenses
Receivables $168.0M
Other Receivables $0.00
Total Short-Term Assets $313.0M
YoY Change -10.72%
LONG-TERM ASSETS
Property, Plant & Equipment $2.727B
YoY Change -1.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $44.49M
YoY Change 4.68%
Total Long-Term Assets $2.868B
YoY Change -1.29%
TOTAL ASSETS
Total Short-Term Assets $313.0M
Total Long-Term Assets $2.868B
Total Assets $3.181B
YoY Change -2.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $166.0M
YoY Change -3.34%
Accrued Expenses $114.4M
YoY Change 2.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $287.0M
YoY Change -1.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.097B
YoY Change -6.96%
Other Long-Term Liabilities $139.2M
YoY Change 1.94%
Total Long-Term Liabilities $1.236B
YoY Change -6.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $287.0M
Total Long-Term Liabilities $1.236B
Total Liabilities $1.523B
YoY Change -5.12%
SHAREHOLDERS EQUITY
Retained Earnings -$616.9M
YoY Change -5.31%
Common Stock $2.073M
YoY Change -1.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.649B
YoY Change
Total Liabilities & Shareholders Equity $3.181B
YoY Change -2.3%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $26.43M
YoY Change -3.08%
Depreciation, Depletion And Amortization $28.36M
YoY Change 2.43%
Cash From Operating Activities $61.66M
YoY Change -12.24%
INVESTING ACTIVITIES
Capital Expenditures $22.63M
YoY Change -55.99%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$22.63M
YoY Change -54.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -89.68M
YoY Change 701.12%
NET CHANGE
Cash From Operating Activities 61.66M
Cash From Investing Activities -22.63M
Cash From Financing Activities -89.68M
Net Change In Cash -50.64M
YoY Change -653.55%
FREE CASH FLOW
Cash From Operating Activities $61.66M
Capital Expenditures $22.63M
Free Cash Flow $39.03M
YoY Change 107.15%

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2 Bethesda Metro Center, Suite 1400,
CY2023Q4 drh Due From Managers
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CY2024Q3 us-gaap Prepaid Expense And Other Assets
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CY2023Q4 us-gaap Prepaid Expense And Other Assets
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CY2023Q3 us-gaap Profit Loss
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CY2023Q3 drh Oci Equity Method Investment After Tax Including Portion Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q3 us-gaap Dividends Common Stock Cash
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CY2023Q3 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
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CY2023Q3 us-gaap Dividends Preferred Stock Cash
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Depreciation Nonproduction
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drh Non Cash Lease Expense And Other Amortization
NonCashLeaseExpenseAndOtherAmortization
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drh Non Cash Lease Expense And Other Amortization
NonCashLeaseExpenseAndOtherAmortization
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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
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drh Impairment Charges Included In Continuing And Discontinued Operations
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us-gaap Contract With Customer Liability Revenue Recognized
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drh Increase Decrease In Due To From Hotel Managers
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us-gaap Payments For Capital Improvements
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us-gaap Payments To Acquire Land
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us-gaap Payments To Acquire Other Real Estate
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us-gaap Payments To Acquire Other Real Estate
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Repayments Of Debt
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us-gaap Repayments Of First Mortgage Bond
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us-gaap Repayments Of First Mortgage Bond
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Interest Paid Net
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CY2024Q3 us-gaap Number Of Real Estate Properties
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36 hotel
CY2024Q3 us-gaap Number Of Units In Real Estate Property
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9760 room
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us-gaap Use Of Estimates
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<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>
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3722094000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4059985000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2024Q3 us-gaap Property Plant And Equipment Net
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2727299000 usd
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2755195000 usd
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CY2024Q3 us-gaap Asset Impairment Charges
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CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
1097866000 usd
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DebtInstrumentUnamortizedDiscountPremiumNet
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CY2024Q3 us-gaap Long Term Debt
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1097215000 usd
CY2023Q4 us-gaap Long Term Debt
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CY2024Q3 us-gaap Longterm Debt Weighted Average Interest Rate
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0.0560
CY2024Q3 us-gaap Number Of Real Estate Properties
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36 hotel
CY2024Q3 us-gaap Amortization Of Financing Costs And Discounts
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479000 usd
CY2023Q3 us-gaap Amortization Of Financing Costs And Discounts
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513000 usd
drh Interest Expense Income Trading Liabilities
InterestExpenseIncomeTradingLiabilities
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CY2024Q3 us-gaap Interest Expense Nonoperating
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us-gaap Interest Expense Nonoperating
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us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
1200000 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
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CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
drh Common Stock Voting Rights Votes
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CY2024Q3 us-gaap Preferred Stock Shares Authorized
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0.01
CY2018Q4 drh Common Unit Issuance Value Per Share
CommonUnitIssuanceValuePerShare
11.76
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us-gaap Common Stock Dividends Per Share Declared
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drh Share Based Compensation Arrangement By Share Based Payment Award Conversion Ratio
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CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209339807 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211490571 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024Q3 us-gaap Earnings Per Share Basic
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0.11
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CY2024Q3 us-gaap Earnings Per Share Diluted
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0.12
us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2024Q3 ecd Rule10b51 Arr Adopted Flag
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false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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false

Files In Submission

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drh-20240930.htm Edgar Link pending
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drh-20240930_def.xml Edgar Link unprocessable
drh-20240930_lab.xml Edgar Link unprocessable
drh-20240930_htm.xml Edgar Link completed
drh-20240930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
drh-20240930_cal.xml Edgar Link unprocessable