2021 Q4 Form 10-Q Financial Statement

#000147409821000188 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $247.3M $238.8M $76.98M
YoY Change 233.22% 210.22% -81.83%
Cost Of Revenue $168.6M $148.1M $71.00M
YoY Change 153.94% 108.52% -71.31%
Gross Profit $78.66M $90.76M $6.000M
YoY Change 908.51% 1412.65% -96.59%
Gross Profit Margin 31.81% 38.0% 7.79%
Selling, General & Admin $38.81M $35.64M $35.40M
YoY Change 7.5% 0.67% -11.28%
% of Gross Profit 49.33% 39.27% 590.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $58.62M $55.49M $56.70M
YoY Change 3.56% -2.13% -18.77%
% of Gross Profit 74.51% 61.14% 945.0%
Operating Expenses $97.42M $91.13M $92.10M
YoY Change 5.21% -1.05% -15.97%
Operating Profit -$18.76M -$630.0K -$97.38M
YoY Change -77.88% -99.35% -260.12%
Interest Expense -$23.57M $22.93M $27.51M
YoY Change -18.45% -16.66% 3.96%
% of Operating Profit
Other Income/Expense, Net $28.00K $27.00K $115.0K
YoY Change -72.0% -76.52% 1542.86%
Pretax Income -$42.82M -$23.53M -$124.8M
YoY Change -74.57% -81.14% -463.14%
Income Tax $1.000K $5.000K $5.778M
% Of Pretax Income
Net Earnings -$42.39M -$23.41M -$130.3M
YoY Change -75.48% -82.03% -535.94%
Net Earnings / Revenue -17.14% -9.8% -169.27%
Basic Earnings Per Share -$0.34 -$1.06
Diluted Earnings Per Share -$324.1K -$0.34 -$1.06
COMMON SHARES
Basic Shares Outstanding 131.4M shares 130.8M shares 130.6M shares
Diluted Shares Outstanding 130.8M shares 130.6M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.52M $157.6M $204.6M
YoY Change -52.92% -22.99% 586.58%
Cash & Equivalents $58.52M $157.6M $204.6M
Short-Term Investments
Other Short-Term Assets $52.57M $50.40M $56.90M
YoY Change 9.97% -11.43% -1.9%
Inventory
Prepaid Expenses
Receivables $37.05M $31.52M $11.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $148.1M $239.5M $272.8M
YoY Change -18.74% -12.22% 71.79%
LONG-TERM ASSETS
Property, Plant & Equipment $6.079B $5.963B $5.981B
YoY Change 3.35% -0.3% -5.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $33.73M $25.11M $12.40M
YoY Change 181.08% 102.53% -77.82%
Total Long-Term Assets $6.113B $5.988B $5.993B
YoY Change 3.72% -0.08% -6.15%
TOTAL ASSETS
Total Short-Term Assets $148.1M $239.5M $272.8M
Total Long-Term Assets $6.113B $5.988B $5.993B
Total Assets $6.261B $6.227B $6.266B
YoY Change 3.04% -0.61% -4.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $208.6M $221.6M $201.4M
YoY Change 15.88% 10.04% -28.28%
Accrued Expenses $324.0M $310.6M $260.7M
YoY Change 24.71% 19.14% -0.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $103.9M $82.80M
YoY Change -100.0% 25.43% -41.57%
Total Short-Term Liabilities $613.4M $703.0M $588.2M
YoY Change 16.57% 19.52% -26.46%
LONG-TERM LIABILITIES
Long-Term Debt $2.484B $2.322B $2.318B
YoY Change 8.66% 0.2% 10.99%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.484B $2.322B $2.318B
YoY Change 8.66% 0.2% 10.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $613.4M $703.0M $588.2M
Total Long-Term Liabilities $2.484B $2.322B $2.318B
Total Liabilities $3.097B $3.025B $2.906B
YoY Change 10.14% 4.11% 0.61%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.308M $1.308M $1.307M
YoY Change 0.08% 0.08% 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.156B $3.195B $3.353B
YoY Change
Total Liabilities & Shareholders Equity $6.261B $6.227B $6.266B
YoY Change 3.04% -0.61% -4.26%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$42.39M -$23.41M -$130.3M
YoY Change -75.48% -82.03% -535.94%
Depreciation, Depletion And Amortization $58.62M $55.49M $56.70M
YoY Change 3.56% -2.13% -18.77%
Cash From Operating Activities $26.51M $46.54M -$60.30M
YoY Change -148.29% -177.17% -149.43%
INVESTING ACTIVITIES
Capital Expenditures -$30.95M -$25.83M -$20.80M
YoY Change 112.01% 24.16% -50.71%
Acquisitions
YoY Change
Other Investing Activities -$61.68M -$90.90M $55.10M
YoY Change -264.97% -59.37%
Cash From Investing Activities -$92.63M -$116.7M $34.30M
YoY Change 534.48% -440.31% -63.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -24.30M -70.15M -109.8M
YoY Change 116.96% -36.11% -51.99%
NET CHANGE
Cash From Operating Activities 26.51M 46.54M -60.30M
Cash From Investing Activities -92.63M -116.7M 34.30M
Cash From Financing Activities -24.30M -70.15M -109.8M
Net Change In Cash -90.42M -140.3M -135.8M
YoY Change 12.05% 3.34% 913.43%
FREE CASH FLOW
Cash From Operating Activities $26.51M $46.54M -$60.30M
Capital Expenditures -$30.95M -$25.83M -$20.80M
Free Cash Flow $57.47M $72.36M -$39.50M
YoY Change -242.6% -283.19% -124.06%

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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2020Q3 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q3 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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CY2021Q3 us-gaap Profit Loss
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CY2020Q3 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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250000000 USD
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
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241776000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021Q3 us-gaap Dividends Common Stock
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CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2021Q3 us-gaap Profit Loss
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CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2020Q3 us-gaap Dividends Common Stock
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CY2020Q3 us-gaap Dividends Preferred Stock
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CY2020Q3 us-gaap Minority Interest Decrease From Redemptions
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CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2020Q3 us-gaap Profit Loss
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CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Redeemed Or Called During Period Value
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us-gaap Stock Issued During Period Value New Issues
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peb Share Value Issued For Board Of Trustees Compensation
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Dividends Common Stock
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Profit Loss
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CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Issued During Period Value New Issues
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peb Share Value Issued For Board Of Trustees Compensation
ShareValueIssuedForBoardOfTrusteesCompensation
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us-gaap Stock Repurchased During Period Value
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Dividends Common Stock
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us-gaap Dividends Preferred Stock
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us-gaap Minority Interest Decrease From Redemptions
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Profit Loss
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CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Other Depreciation And Amortization
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us-gaap Other Depreciation And Amortization
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Amortization Of Financing Costs And Discounts
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12668000 USD
us-gaap Amortization Of Financing Costs And Discounts
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11199000 USD
us-gaap Gain Loss On Sale Of Properties
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64729000 USD
us-gaap Gain Loss On Sale Of Properties
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us-gaap Other Asset Impairment Charges
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us-gaap Other Asset Impairment Charges
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20570000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4563000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4669000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
214000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
289000 USD
us-gaap Increase Decrease In Accounts Receivable
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21657000 USD
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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540000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3933000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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57685000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
11190000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
44253000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Develop Real Estate Assets
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us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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255927000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Payments To Acquire Real Estate
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us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
1020000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
0 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
96000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
11065000 USD
peb Payments For Purchase Of Capped Calls Convertible Senior Notes
PaymentsForPurchaseOfCappedCallsConvertibleSeniorNotes
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
264688000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
480000000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10082000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3618000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
760115000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
40000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
635115000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
268599000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
12965000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
388000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
12965000 USD
peb Payments For Purchase Of Capped Calls Convertible Senior Notes
PaymentsForPurchaseOfCappedCallsConvertibleSeniorNotes
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
720000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1255000 USD
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
250000000 USD
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3957000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
52649000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
26049000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
24417000 USD
peb Repayments Of Membership Deposits
RepaymentsOfMembershipDeposits
1872000 USD
peb Repayments Of Membership Deposits
RepaymentsOfMembershipDeposits
697000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
42270000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
46368000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
160100000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
136300000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56875000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
182668000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
216975000 USD
CY2021Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
52 property
CY2021Q3 peb Number Of Guest Rooms
NumberOfGuestRooms
13006 hotelRoom
CY2020Q1 peb Number Of Real Estate Properties Suspended
NumberOfRealEstatePropertiesSuspended
47 property
us-gaap Repayments Of Debt
RepaymentsOfDebt
428000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
40000000 USD
us-gaap Use Of Estimates
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<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><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, 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>
peb Sale Of Real Estate Held For Investment Consideration Received
SaleOfRealEstateHeldForInvestmentConsiderationReceived
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peb Sale Of Real Estate Held For Investment Consideration Received
SaleOfRealEstateHeldForInvestmentConsiderationReceived
387000000 USD
CY2021Q3 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
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us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
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CY2020Q3 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
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us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
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CY2021Q3 us-gaap Land
Land
921957000 USD
CY2020Q4 us-gaap Land
Land
973848000 USD
CY2021Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
5056232000 USD
CY2020Q4 us-gaap Investment Building And Building Improvements
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4849644000 USD
CY2021Q3 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
527257000 USD
CY2020Q4 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
515975000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
91181000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
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114835000 USD
CY2021Q3 us-gaap Development In Process
DevelopmentInProcess
10296000 USD
CY2020Q4 us-gaap Development In Process
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5443000 USD
CY2021Q3 peb Real Estate Investment Property Pre Right Of Use Asset At Cost
RealEstateInvestmentPropertyPreRightOfUseAssetAtCost
6606923000 USD
CY2020Q4 peb Real Estate Investment Property Pre Right Of Use Asset At Cost
RealEstateInvestmentPropertyPreRightOfUseAssetAtCost
6459745000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
364002000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
320564000 USD
CY2021Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6970925000 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6780309000 USD
CY2021Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1008047000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
898287000 USD
CY2021Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5962878000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5882022000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
14900000 USD
peb Impairment Of Real Estate Number Of Properties
ImpairmentOfRealEstateNumberOfProperties
1 property
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
20600000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
302100000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
41800000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
255100000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
46400000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
2384230000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
2280471000 USD
CY2021Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5800000 USD
CY2021Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5800000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6800000 USD
peb Debt Instrument Election Period Prior To Maturity Date
DebtInstrumentElectionPeriodPriorToMaturityDate
P2D
CY2021Q3 peb Debt Instrument Redemption Price To Principal Amount Percentage
DebtInstrumentRedemptionPriceToPrincipalAmountPercentage
1
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2046000 USD
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1518000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7414000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3898000 USD
CY2021Q3 peb Interest Expense Debt Other
InterestExpenseDebtOther
914000 USD
CY2020Q3 peb Interest Expense Debt Other
InterestExpenseDebtOther
2547000 USD
peb Interest Expense Debt Other
InterestExpenseDebtOther
4701000 USD
peb Interest Expense Debt Other
InterestExpenseDebtOther
6148000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
22930000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
27514000 USD
us-gaap Interest Expense
InterestExpense
73065000 USD
us-gaap Interest Expense
InterestExpense
75196000 USD
CY2021Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
642500000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
491800000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
238810000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
76980000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
485767000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
368679000 USD
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
29600000 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
20400000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
1675000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1808182 shares
CY2021Q3 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
727208 shares
CY2020Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
127111 shares
CY2021Q3 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
727208 shares
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-43984000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-138446000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-181269000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-243288000 USD
CY2021Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
12000 USD
CY2020Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
2000 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
35000 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
6000 USD
CY2021Q3 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-43996000 USD
CY2020Q3 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-138448000 USD
peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-181304000 USD
peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-243294000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130813750 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130645990 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130801187 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130588765 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130813750 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130645990 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130801187 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130588765 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.34
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.86
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.34
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.86
CY2021Q3 peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
5100000 USD
peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
11800000 USD
CY2020Q3 peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
1500000 USD
peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
8000000 USD
peb Reserve Funds As Percentage Of Hotel Revenues
ReserveFundsAsPercentageOfHotelRevenues
0.040
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
25100000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12000000 USD
CY2021Q3 peb Fixed Lease Cost
FixedLeaseCost
3929000 USD
CY2020Q3 peb Fixed Lease Cost
FixedLeaseCost
4314000 USD
peb Fixed Lease Cost
FixedLeaseCost
12532000 USD
peb Fixed Lease Cost
FixedLeaseCost
12907000 USD
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
2917000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1072000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
6275000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
3816000 USD
CY2021Q3 us-gaap Lease Cost
LeaseCost
6846000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
5386000 USD
us-gaap Lease Cost
LeaseCost
18807000 USD
us-gaap Lease Cost
LeaseCost
16723000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4946000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19594000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19238000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
19323000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
19450000 USD
CY2021Q3 peb Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
1587326000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1669877000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1367736000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
302141000 USD
us-gaap Interest Paid Net
InterestPaidNet
59803000 USD
us-gaap Interest Paid Net
InterestPaidNet
66252000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
675000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1247000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
75000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3369000 USD
peb Debt Conversion Converted Instrument Discount Adjustment Amount
DebtConversionConvertedInstrumentDiscountAdjustmentAmount
113099000 USD
peb Debt Conversion Converted Instrument Discount Adjustment Amount
DebtConversionConvertedInstrumentDiscountAdjustmentAmount
0 USD
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 USD
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
2831000 USD
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
2292000 USD
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
7842000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
48302000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
5043000 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
us-gaap Loans Assumed1
LoansAssumed1
161500000 USD
us-gaap Loans Assumed1
LoansAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
3071000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
0 USD

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