2019 Q4 Form 10-K Financial Statement

#000147409820000039 Filed on February 20, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018 Q3
Revenue $379.4M $235.6M $205.5M
YoY Change 61.01% 31.18% 1.83%
Cost Of Revenue $238.9M $158.0M $119.7M
YoY Change 51.2% 36.8% 2.39%
Gross Profit $140.5M $77.60M $85.82M
YoY Change 81.06% 21.06% 1.05%
Gross Profit Margin 37.03% 32.93% 41.76%
Selling, General & Admin $39.30M $19.40M $21.50M
YoY Change 102.58% 6.01% 36.08%
% of Gross Profit 27.97% 25.0% 25.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $57.50M $34.30M $24.70M
YoY Change 67.64% 38.31% -2.37%
% of Gross Profit 40.93% 44.2% 28.78%
Operating Expenses $96.70M $53.70M $46.20M
YoY Change 80.07% 24.31% 12.68%
Operating Profit $43.80M $23.90M $40.35M
YoY Change 83.26% 14.35% -0.88%
Interest Expense -$24.00M -$20.60M $12.65M
YoY Change 16.5% 121.51% 41.01%
% of Operating Profit -54.79% -86.19% 31.34%
Other Income/Expense, Net $0.00 -$27.30M $3.931M
YoY Change -100.0% -1400.0% 2878.03%
Pretax Income $18.80M -$101.2M $31.64M
YoY Change -118.58% -950.42% -1.64%
Income Tax -$800.0K -$1.900M $1.719M
% Of Pretax Income -4.26% 5.43%
Net Earnings $19.54M -$98.91M $29.79M
YoY Change -119.76% -931.25% -2.14%
Net Earnings / Revenue 5.15% -41.98% 14.5%
Basic Earnings Per Share $0.08 -$1.16 $0.37
Diluted Earnings Per Share $0.08 -$1.16 $0.37
COMMON SHARES
Basic Shares Outstanding 130.6M shares 69.04M shares 68.91M shares
Diluted Shares Outstanding 69.26M shares

Balance Sheet

Concept 2019 Q4 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.10M $83.40M $18.00M
YoY Change -63.91% 228.35% 26.76%
Cash & Equivalents $30.10M $83.37M $18.03M
Short-Term Investments
Other Short-Term Assets $59.50M $76.70M $173.5M
YoY Change -22.43% 75.92% 295.22%
Inventory
Prepaid Expenses
Receivables $49.60M $59.90M $36.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $139.2M $220.0M $227.8M
YoY Change -36.73% 124.03% 142.6%
LONG-TERM ASSETS
Property, Plant & Equipment $6.333B $6.734B $2.466B
YoY Change -5.96% 170.93% -1.09%
Goodwill
YoY Change
Intangibles $0.00 $199.7M $28.59M
YoY Change -100.0% 587.9% -2.03%
Long-Term Investments $373.9M
YoY Change
Other Assets $26.80M $24.40M $8.500M
YoY Change 9.84% 243.66% 30.77%
Total Long-Term Assets $6.359B $6.758B $2.849B
YoY Change -5.9% 171.13% 13.96%
TOTAL ASSETS
Total Short-Term Assets $139.2M $220.0M $227.8M
Total Long-Term Assets $6.359B $6.758B $2.849B
Total Assets $6.499B $6.978B $3.076B
YoY Change -6.88% 169.34% 18.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $260.2M $360.3M $147.6M
YoY Change -27.78% 142.14% -1.67%
Accrued Expenses $260.9M $2.700M $3.500M
YoY Change 9562.96% 28.57% 6.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $80.70M
YoY Change
Total Short-Term Liabilities $718.1M $461.5M $208.3M
YoY Change 55.6% 128.35% 1.51%
LONG-TERM LIABILITIES
Long-Term Debt $2.149B $2.747B $1.333B
YoY Change -21.78% 210.31% 52.74%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.149B $2.747B $1.333B
YoY Change -21.78% 210.31% 52.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $718.1M $461.5M $208.3M
Total Long-Term Liabilities $2.149B $2.747B $1.333B
Total Liabilities $2.867B $3.208B $1.541B
YoY Change -10.65% 195.07% 42.99%
SHAREHOLDERS EQUITY
Retained Earnings -$308.8M -$170.3M
YoY Change 61.67% -1.33%
Common Stock $1.305M $1.303M $689.0K
YoY Change 0.15% 89.39% 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.621B $3.760B $1.529B
YoY Change
Total Liabilities & Shareholders Equity $6.499B $6.978B $3.076B
YoY Change -6.88% 169.34% 18.61%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $19.54M -$98.91M $29.79M
YoY Change -119.76% -931.25% -2.14%
Depreciation, Depletion And Amortization $57.50M $34.30M $24.70M
YoY Change 67.64% 38.31% -2.37%
Cash From Operating Activities $79.10M -$35.10M $68.30M
YoY Change -325.36% -182.59% 18.58%
INVESTING ACTIVITIES
Capital Expenditures -$51.90M -$32.80M -$21.70M
YoY Change 58.23% 89.6% 33.95%
Acquisitions
YoY Change
Other Investing Activities $32.50M -$1.232B -$109.5M
YoY Change -102.64% -16100.0% -4860.87%
Cash From Investing Activities -$19.30M -$1.265B -$131.2M
YoY Change -98.47% 13075.0% 843.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -59.70M 1.381B 63.90M
YoY Change -104.32% -6645.5% -245.23%
NET CHANGE
Cash From Operating Activities 79.10M -35.10M 68.30M
Cash From Investing Activities -19.30M -1.265B -131.2M
Cash From Financing Activities -59.70M 1.381B 63.90M
Net Change In Cash 100.0K 81.20M 1.000M
YoY Change -99.88% 588.14% -433.33%
FREE CASH FLOW
Cash From Operating Activities $79.10M -$35.10M $68.30M
Capital Expenditures -$51.90M -$32.80M -$21.70M
Free Cash Flow $131.0M -$2.300M $90.00M
YoY Change -5795.65% -103.85% 21.95%

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CY2017 us-gaap Dividends Common Stock
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105939000 USD
CY2017 us-gaap Dividends Preferred Stock
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16126000 USD
CY2017 peb Noncontrolling Interest Increase From Contributions Net Of Decrease From Distributions
NoncontrollingInterestIncreaseFromContributionsNetOfDecreaseFromDistributions
106000 USD
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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6001000 USD
CY2017 us-gaap Profit Loss
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100262000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1503526000 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
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2377807000 USD
CY2018 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
4665000 USD
CY2018 peb Share Value Issued For Board Of Trustees Compensation
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662000 USD
CY2018 us-gaap Stock Repurchased During Period Value
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2507000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6228000 USD
CY2018 us-gaap Dividends Common Stock
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113549000 USD
CY2018 us-gaap Dividends Preferred Stock
DividendsPreferredStock
17505000 USD
CY2018 peb Noncontrolling Interest Increase From Contributions Net Of Decrease From Distributions
NoncontrollingInterestIncreaseFromContributionsNetOfDecreaseFromDistributions
125000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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-2907000 USD
CY2018 us-gaap Profit Loss
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13385000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3769930000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
275000 USD
CY2019 peb Share Value Issued For Board Of Trustees Compensation
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740000 USD
CY2019 us-gaap Stock Repurchased During Period Value
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4009000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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8239000 USD
CY2019 us-gaap Dividends Common Stock
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199638000 USD
CY2019 us-gaap Dividends Preferred Stock
DividendsPreferredStock
32606000 USD
CY2019 us-gaap Minority Interest Decrease From Redemptions
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125000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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-26045000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
115725000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3631936000 USD
CY2019 us-gaap Profit Loss
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115725000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
13385000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
100262000 USD
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
234880000 USD
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
108475000 USD
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
102290000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
8239000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
6228000 USD
CY2017 us-gaap Share Based Compensation
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5646000 USD
CY2017 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
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265000 USD
CY2019 us-gaap Unrealized Gain Loss On Investments
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0 USD
CY2018 us-gaap Unrealized Gain Loss On Investments
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-2978000 USD
CY2017 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
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17349000 USD
CY2018 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
18256000 USD
CY2017 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2040000 USD
CY2019 us-gaap Gain Loss On Sale Of Properties
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2819000 USD
CY2018 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-2147000 USD
CY2017 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
14877000 USD
CY2019 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2018 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2017 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
3849000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
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6395000 USD
CY2018 us-gaap Amortization Of Leased Asset
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3062000 USD
CY2017 us-gaap Amortization Of Leased Asset
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2884000 USD
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2365000 USD
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2939000 USD
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2378000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
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-8648000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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-3684000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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1270000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1061000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5031000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2161000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-605000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-34517000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-9176000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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3964000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4029000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2039000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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395202000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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135697000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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193639000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1372584000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2019 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
169632000 USD
CY2018 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
89605000 USD
CY2017 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
80825000 USD
CY2019 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
0 USD
CY2018 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
0 USD
CY2017 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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-2000000 USD
CY2019 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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470352000 USD
CY2018 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
28551000 USD
CY2017 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
203479000 USD
CY2019 us-gaap Payments To Acquire Marketable Securities
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0 USD
CY2018 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
356180000 USD
CY2017 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 USD
CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
6658000 USD
CY2017 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
752000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
164000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
40000 USD
CY2019 us-gaap Proceeds From Insurance Settlement Investing Activities
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0 USD
CY2018 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
5162000 USD
CY2017 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
7674000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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299968000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-1778162000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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132288000 USD
CY2019 us-gaap Payments Of Stock Issuance Costs
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275000 USD
CY2018 us-gaap Payments Of Stock Issuance Costs
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470000 USD
CY2017 us-gaap Payments Of Stock Issuance Costs
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62000 USD
CY2019 us-gaap Payments Of Financing Costs
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461000 USD
CY2018 us-gaap Payments Of Financing Costs
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29366000 USD
CY2017 us-gaap Payments Of Financing Costs
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5411000 USD
CY2019 us-gaap Proceeds From Payments To Minority Shareholders
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-125000 USD
CY2018 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
0 USD
CY2017 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
106000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
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414771000 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
550181000 USD
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
238687000 USD
CY2019 us-gaap Repayments Of Lines Of Credit
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419771000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
425181000 USD
CY2017 us-gaap Repayments Of Lines Of Credit
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275687000 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1850000000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2019 us-gaap Repayments Of Long Term Debt
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518207000 USD
CY2018 us-gaap Repayments Of Long Term Debt
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102366000 USD
CY2017 us-gaap Repayments Of Long Term Debt
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72317000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
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4009000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2507000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
95982000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
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184836000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
105729000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
107329000 USD
CY2019 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
32556000 USD
CY2018 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
16094000 USD
CY2017 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
16094000 USD
CY2019 peb Proceedsfrommembershipdeposits
Proceedsfrommembershipdeposits
0 USD
CY2018 peb Proceedsfrommembershipdeposits
Proceedsfrommembershipdeposits
29000 USD
CY2017 peb Proceedsfrommembershipdeposits
Proceedsfrommembershipdeposits
656000 USD
CY2019 peb Repaymentsofmembershipdeposits
Repaymentsofmembershipdeposits
637000 USD
CY2018 peb Repaymentsofmembershipdeposits
Repaymentsofmembershipdeposits
754000 USD
CY2017 peb Repaymentsofmembershipdeposits
Repaymentsofmembershipdeposits
790000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-746106000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1717743000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-334223000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-50936000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
75278000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8296000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107811000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32533000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40829000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56875000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107811000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32533000 USD
CY2019Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
56 property
CY2019Q4 peb Number Of Guest Rooms
NumberOfGuestRooms
14013 hotel_room
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:6px;text-align:left;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, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management’s best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.</span></div>
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;padding-bottom:6px;padding-top:18px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Risks and Uncertainties </span></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The state of the overall economy can significantly impact hotel operational performance and thus, impact the Company's financial position. Should any of the hotels experience a significant decline in operational performance, it may affect the Company's ability to make distributions to our shareholders and service debt or meet other financial obligations.</span></div>
CY2019 peb Business Combination Acquisition Related Transaction Costs
BusinessCombinationAcquisitionRelatedTransactionCosts
600000 USD
CY2019 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
7700000 USD
CY2018 peb Business Combination Acquisition Related Transaction Costs
BusinessCombinationAcquisitionRelatedTransactionCosts
72700000 USD
CY2018 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
2000000.0 USD
CY2019 us-gaap Business Acquisitions Pro Forma Revenue
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1612213000 USD
CY2018 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1677663000 USD
CY2019 peb Business Acquisition Pro Forma Operating Income Loss
BusinessAcquisitionProFormaOperatingIncomeLoss
229342000 USD
CY2018 peb Business Acquisition Pro Forma Operating Income Loss
BusinessAcquisitionProFormaOperatingIncomeLoss
255333000 USD
CY2019 us-gaap Business Acquisitions Pro Forma Net Income Loss
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82886000 USD
CY2018 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
89767000 USD
CY2019 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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0.63
CY2018 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.69
CY2019 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.63
CY2018 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.69
CY2019 peb Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
7 property
CY2019 peb Sale Of Real Estate Held For Investment Consideration Received
SaleOfRealEstateHeldForInvestmentConsiderationReceived
481900000 USD
CY2019 us-gaap Gain Loss On Sale Of Properties Before Applicable Income Taxes
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2800000 USD
CY2019 peb Sale Of Real Estate Held For Investment Consideration Received
SaleOfRealEstateHeldForInvestmentConsiderationReceived
481921000 USD
CY2018 us-gaap Gain Loss On Sale Of Properties Before Applicable Income Taxes
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-2100000 USD
CY2019 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
9900000 USD
CY2018 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
5500000 USD
CY2017 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
8500000 USD
CY2019Q4 us-gaap Land
Land
1042198000 USD
CY2018Q4 us-gaap Land
Land
1056862000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
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4998108000 USD
CY2018Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
5440513000 USD
CY2019Q4 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
522631000 USD
CY2018Q4 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
462620000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
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134063000 USD
CY2018Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
91985000 USD
CY2019Q4 us-gaap Development In Process
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35637000 USD
CY2018Q4 us-gaap Development In Process
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25643000 USD
CY2019Q4 peb Real Estate Investment Property Pre Rightof Use Assetat Cost
RealEstateInvestmentPropertyPreRightofUseAssetatCost
6732637000 USD
CY2018Q4 peb Real Estate Investment Property Pre Rightof Use Assetat Cost
RealEstateInvestmentPropertyPreRightofUseAssetatCost
7077623000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
335272000 USD
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
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7067909000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7077623000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
735322000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
543430000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6332587000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6534193000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
335300000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
256200000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
2229220000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
2746898000 USD
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2800000 USD
CY2018Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
0 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7115000 USD
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2565000 USD
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2397000 USD
CY2019 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
9931000 USD
CY2018 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2327000 USD
CY2017 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1187000 USD
CY2019 us-gaap Interest Expense
InterestExpense
108474000 USD
CY2018 us-gaap Interest Expense
InterestExpense
53923000 USD
CY2017 us-gaap Interest Expense
InterestExpense
37299000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
101200000 USD
CY2018Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
164300000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
300000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
630000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
760000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
510000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
40000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2240000000 USD
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35061000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
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735322000 USD
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6400000000 USD

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