2014 Q4 Form 10-Q Financial Statement

#000147409814000064 Filed on October 23, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $155.9M $169.7M $131.2M
YoY Change 23.01% 29.29% 25.82%
Cost Of Revenue $100.1M $99.30M $83.00M
YoY Change 17.76% 19.64% 21.88%
Gross Profit $55.80M $70.40M $48.20M
YoY Change 33.49% 46.06% 32.78%
Gross Profit Margin 35.78% 41.49% 36.73%
Selling, General & Admin $17.40M $16.70M $12.20M
YoY Change 39.2% 36.89% 34.07%
% of Gross Profit 31.18% 23.72% 25.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.80M $17.40M $13.90M
YoY Change 26.17% 25.18% 26.36%
% of Gross Profit 33.69% 24.72% 28.84%
Operating Expenses $36.20M $34.10M $26.20M
YoY Change 32.12% 30.15% 30.35%
Operating Profit $19.60M $35.78M $21.74M
YoY Change 36.11% 64.6% 39.53%
Interest Expense -$1.200M $7.278M $6.074M
YoY Change 200.0% 19.82% 53.81%
% of Operating Profit -6.12% 20.34% 27.95%
Other Income/Expense, Net
YoY Change
Pretax Income $17.40M $32.59M $18.62M
YoY Change 43.8% 75.09% 34.29%
Income Tax $1.300M $2.154M $1.088M
% Of Pretax Income 7.47% 6.61% 5.84%
Net Earnings $15.95M $30.17M $17.42M
YoY Change 46.1% 73.21% 46.12%
Net Earnings / Revenue 10.23% 17.78% 13.27%
Basic Earnings Per Share $0.36 $0.18
Diluted Earnings Per Share $224.7K $0.36 $0.18
COMMON SHARES
Basic Shares Outstanding 67.75M shares 64.86M shares 61.18M shares
Diluted Shares Outstanding 65.35M shares 61.35M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.90M $119.3M $110.0M
YoY Change -3.99% 8.45% -25.42%
Cash & Equivalents $52.88M $119.3M $110.0M
Short-Term Investments
Other Short-Term Assets $40.20M $38.00M $20.20M
YoY Change 51.13% 88.12% 8.6%
Inventory
Prepaid Expenses
Receivables $21.30M $30.10M $23.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $114.4M $187.4M $153.7M
YoY Change 16.02% 21.93% -16.87%
LONG-TERM ASSETS
Property, Plant & Equipment $2.375B $1.903B $1.613B
YoY Change 36.72% 17.93% 18.74%
Goodwill
YoY Change
Intangibles $30.89M $23.48M $10.12M
YoY Change 60.75% 132.04% -2.13%
Long-Term Investments $258.8M $256.3M $256.7M
YoY Change -0.57% -0.15% 48.26%
Other Assets $22.60M $21.60M $21.10M
YoY Change 6.6% 2.37% 31.06%
Total Long-Term Assets $2.656B $2.181B $1.891B
YoY Change 31.6% 15.31% 22.16%
TOTAL ASSETS
Total Short-Term Assets $114.4M $187.4M $153.7M
Total Long-Term Assets $2.656B $2.181B $1.891B
Total Assets $2.770B $2.368B $2.045B
YoY Change 30.87% 15.81% 18.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $106.8M $88.80M $57.90M
YoY Change 73.94% 53.37% 41.22%
Accrued Expenses $2.400M $2.100M $1.900M
YoY Change 26.32% 10.53% 72.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $144.1M $124.3M $83.30M
YoY Change 64.69% 49.22% 41.91%
LONG-TERM LIABILITIES
Long-Term Debt $844.0M $597.2M $556.8M
YoY Change 52.29% 7.26% 55.05%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $844.0M $597.2M $556.8M
YoY Change 52.29% 7.26% 55.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $144.1M $124.3M $83.30M
Total Long-Term Liabilities $844.0M $597.2M $556.8M
Total Liabilities $988.1M $721.5M $640.1M
YoY Change 53.94% 12.72% 53.23%
SHAREHOLDERS EQUITY
Retained Earnings -$84.16M -$76.91M -$64.19M
YoY Change 20.83% 19.81% 42.31%
Common Stock $716.0K $676.0K $612.0K
YoY Change 12.4% 10.46% 1.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.781B $1.643B $1.403B
YoY Change
Total Liabilities & Shareholders Equity $2.770B $2.368B $2.045B
YoY Change 30.87% 15.81% 18.0%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $15.95M $30.17M $17.42M
YoY Change 46.1% 73.21% 46.12%
Depreciation, Depletion And Amortization $18.80M $17.40M $13.90M
YoY Change 26.17% 25.18% 26.36%
Cash From Operating Activities $42.40M $59.80M $37.50M
YoY Change 30.86% 59.47% 50.0%
INVESTING ACTIVITIES
Capital Expenditures -$472.5M -$90.40M -$62.60M
YoY Change 231.35% 44.41% -68.45%
Acquisitions
YoY Change
Other Investing Activities $700.0K $0.00 $2.000M
YoY Change -177.78% -100.0% -13.04%
Cash From Investing Activities -$471.8M -$90.40M -$60.60M
YoY Change 228.78% 49.17% -69.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 363.1M 111.4M -18.40M
YoY Change 546.09% -705.43% -111.9%
NET CHANGE
Cash From Operating Activities 42.40M 59.80M 37.50M
Cash From Investing Activities -471.8M -90.40M -60.60M
Cash From Financing Activities 363.1M 111.4M -18.40M
Net Change In Cash -66.30M 80.80M -41.50M
YoY Change 20.77% -294.7% 153.05%
FREE CASH FLOW
Cash From Operating Activities $42.40M $59.80M $37.50M
Capital Expenditures -$472.5M -$90.40M -$62.60M
Free Cash Flow $514.9M $150.2M $100.1M
YoY Change 194.23% 50.05% -55.19%

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us-gaap Income Taxes Paid
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1420000 USD
us-gaap Income Taxes Paid
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2008000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8550000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12359000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9995000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12769000 USD
us-gaap Increase Decrease In Customer Deposits
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3433000 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
1945000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4413000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2590000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
1835000 USD
us-gaap Increase Decrease In Restricted Cash
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690000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
2061000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
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743000 USD
CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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168339 shares
CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
486694 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
192418 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
480315 shares
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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400000 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
7278000 USD
us-gaap Interest Expense
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17457000 USD
us-gaap Interest Expense
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19609000 USD
us-gaap Interest Paid
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17242000 USD
us-gaap Interest Paid
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19792000 USD
us-gaap Interest Paid Capitalized
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206000 USD
us-gaap Interest Paid Capitalized
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0 USD
CY2014Q3 us-gaap Interest Payable Current And Noncurrent
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2054000 USD
CY2013Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1945000 USD
CY2014Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1590813000 USD
CY2013Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1437593000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1880000 USD
CY2013Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
670000 USD
CY2014Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
645000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1964000 USD
CY2014Q3 us-gaap Land
Land
303715000 USD
CY2013Q4 us-gaap Land
Land
272661000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
6200000 USD
CY2014Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2500000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5700000 USD
CY2013Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2000000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
641847000 USD
CY2014Q3 us-gaap Liabilities
Liabilities
721527000 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2368107000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2116931000 USD
CY2013Q4 us-gaap Line Of Credit
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0 USD
CY2014Q3 us-gaap Line Of Credit
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0 USD
CY2013Q3 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
200000 USD
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
400000 USD
CY2014Q3 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
100000 USD
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
500000 USD
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2016-07-31
CY2014Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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600000000 USD
us-gaap Loans Assumed1
LoansAssumed1
90448000 USD
us-gaap Loans Assumed1
LoansAssumed1
50725000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
554247000 USD
CY2014Q3 us-gaap Long Term Debt
LongTermDebt
597235000 USD
CY2014Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
505000000 USD
CY2013Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
460900000 USD
CY2014Q3 us-gaap Minority Interest
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3867000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
1745000 USD
CY2014Q3 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.009
CY2014Q3 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.991
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51610000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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104687000 USD
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
us-gaap Net Cash Provided By Used In Investing Activities
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-159453000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-102532000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P6Y
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
118937000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
75064000 USD
us-gaap Net Income Loss
NetIncomeLoss
32001000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
30165000 USD
us-gaap Net Income Loss
NetIncomeLoss
56916000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
17415000 USD
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
274000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
537000 USD
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
112000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
211000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
38325000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11315000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23737000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15129000 USD
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
5146000 USD
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
1826000 USD
CY2014Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
31 properties
CY2014Q3 us-gaap Occupancy Costs
OccupancyCosts
27807000 USD
us-gaap Occupancy Costs
OccupancyCosts
61768000 USD
us-gaap Occupancy Costs
OccupancyCosts
75561000 USD
CY2013Q3 us-gaap Occupancy Costs
OccupancyCosts
22063000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
240632000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
306887000 USD
CY2014Q3 us-gaap Occupancy Revenue
OccupancyRevenue
120934000 USD
CY2013Q3 us-gaap Occupancy Revenue
OccupancyRevenue
90093000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
72653000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
45350000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
35776000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
21735000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
100000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
400000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
100000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
446000 USD
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-589000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-132000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1211000 USD
CY2014Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
40192000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
92893000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
110951000 USD
CY2013Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
32629000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
10812000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
10344000 USD
CY2014Q3 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
3687000 USD
CY2013Q3 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
3619000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
22526000 USD
CY2013Q3 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
8241000 USD
CY2014Q3 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
10165000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
29513000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-447000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-311000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
30989000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
27682000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
523000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
632000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
39986000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
27099000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
18244000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
15481000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
649000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
440000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1104000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3586000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
125531000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
99274000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
-26291000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
3020000 USD
CY2014Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6428000 USD
CY2013Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6100000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
16872000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18591000 USD
CY2013Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
325000000 USD
CY2014Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
350000000 USD
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q3 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
25.00
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
14000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
13000000 shares
CY2014Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
14000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
13000000 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
130000 USD
CY2014Q3 us-gaap Preferred Stock Value
PreferredStockValue
140000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
26595000 USD
CY2014Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
37999000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1113000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
146854000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4829000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
25000000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
100000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
130000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Profit Loss
ProfitLoss
57453000 USD
us-gaap Profit Loss
ProfitLoss
32212000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
17527000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
30439000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
132328000 USD
CY2014Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
180652000 USD
CY2014Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2059923000 USD
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1849939000 USD
CY2014Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1879271000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1717611000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
130000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
6761000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
5881000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16482000 USD
CY2014Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17915000 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-76910000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-69652000 USD
CY2014Q3 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
169676000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
362449000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
442842000 USD
CY2013Q3 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
131234000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3857000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
454247000 USD
CY2014Q3 us-gaap Secured Debt
SecuredDebt
497235000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8237000 USD
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
940721 shares
us-gaap Stock Issued1
StockIssued1
207000 USD
us-gaap Stock Issued1
StockIssued1
421000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
170750000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
101242000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
523000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
632000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1473339000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
1642713000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1475084000 USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1646580000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1313092000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1404712000 USD
CY2014Q3 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
158813000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2013Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
11000 USD
CY2014Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
63000 USD
CY2014Q3 us-gaap Unsecured Debt
UnsecuredDebt
100000000 USD
CY2013Q4 us-gaap Unsecured Debt
UnsecuredDebt
100000000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font 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, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management&#8217;s best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.</font></div></div>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64613449 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65346188 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61347863 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61279252 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61086834 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64859494 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61179524 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64133134 shares
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
2086000 USD
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
1308000 USD
CY2014Q3 peb Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLease
-10758000 USD
CY2014Q3 peb Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net Working Capital
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetWorkingCapital
-627000 USD
peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
11400000 USD
CY2014Q3 peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
5300000 USD
peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
13700000 USD
CY2013Q3 peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
4200000 USD
peb Deposit Applied To Purchase Price Of Acquisition
DepositAppliedToPurchasePriceOfAcquisition
0 USD
peb Estimated Effective Tax Rate Combined Federal And State
EstimatedEffectiveTaxRateCombinedFederalAndState
0.390
CY2013Q4 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
135547000 USD
peb Deposit Applied To Purchase Price Of Acquisition
DepositAppliedToPurchasePriceOfAcquisition
4000000 USD
CY2014Q3 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
607991 shares
CY2013Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
607991 shares
CY2014Q3 peb Long Term Incentive Partnership Units Vested
LongTermIncentivePartnershipUnitsVested
195290 shares
peb Minimum Percentage Of Adjusted Taxable Income To Be Distributed To Shareholders As Real Estate Investment Trust
MinimumPercentageOfAdjustedTaxableIncomeToBeDistributedToShareholdersAsRealEstateInvestmentTrust
0.9
peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
14887000 USD
CY2014Q3 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
23549000 USD
CY2013Q3 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
11223000 USD
peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
37950000 USD
peb Non Cash Acquisition Capital Lease Obligation
NonCashAcquisitionCapitalLeaseObligation
0 USD
peb Non Cash Acquisition Capital Lease Obligation
NonCashAcquisitionCapitalLeaseObligation
10758000 USD
peb Noncash Income Loss From Equity Method Investments
NoncashIncomeLossFromEquityMethodInvestments
2683000 USD
peb Noncash Income Loss From Equity Method Investments
NoncashIncomeLossFromEquityMethodInvestments
706000 USD
CY2014Q3 peb Number Of Guest Rooms
NumberOfGuestRooms
6046
CY2014Q3 peb Number Of Wholly Owned Real Estate Properties
NumberOfWhollyOwnedRealEstateProperties
25 properties
CY2013Q3 peb Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
7991000 USD
peb Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
22900000 USD
CY2014Q3 peb Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
9539000 USD
peb Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
26847000 USD
peb Reserve Funds As Percentage Of Hotel Revenues
ReserveFundsAsPercentageOfHotelRevenues
0.040
peb Share Value Issued For Board Of Trustees Compensation
ShareValueIssuedForBoardOfTrusteesCompensation
207000 USD
peb Share Value Issued For Board Of Trustees Compensation
ShareValueIssuedForBoardOfTrusteesCompensation
421000 USD
CY2011Q3 peb Transaction Values Of Investment In Joint Venture
TransactionValuesOfInvestmentInJointVenture
908000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001474098
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
67745368 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Pebblebrook Hotel Trust
CY2014Q3 invest Derivative Notional Amount
DerivativeNotionalAmount
100000000 USD

Files In Submission

Name View Source Status
0001474098-14-000064-index-headers.html Edgar Link pending
0001474098-14-000064-index.html Edgar Link pending
0001474098-14-000064.txt Edgar Link pending
0001474098-14-000064-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
peb-20140930.xml Edgar Link completed
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