2010 Q4 Form 10-K Financial Statement

#000104746912002292 Filed on March 08, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2009 2008 Q4
Revenue $137.9M $455.8M
YoY Change -17.4%
Cost Of Revenue $84.10M $279.4M
YoY Change -16.05%
Gross Profit $53.80M $176.4M
YoY Change -19.45%
Gross Profit Margin 39.01% 38.7%
Selling, General & Admin $10.10M $51.40M
YoY Change -2.84%
% of Gross Profit 18.77% 29.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.50M $98.88M
YoY Change 13.79%
% of Gross Profit 51.12% 56.06%
Operating Expenses $36.50M $492.4M
YoY Change 258.62%
Operating Profit $17.30M -$36.63M
YoY Change -144.84%
Interest Expense -$21.50M $87.85M
YoY Change -196.22%
% of Operating Profit -124.28%
Other Income/Expense, Net $200.0K $1.000M
YoY Change 42.86%
Pretax Income -$11.00M -$122.9M
YoY Change 279.34%
Income Tax $0.00 $1.801M
% Of Pretax Income
Net Earnings -$10.30M -$168.0M
YoY Change 473.37%
Net Earnings / Revenue -7.47% -36.86%
Basic Earnings Per Share
Diluted Earnings Per Share -$100.8K -$1.644M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2010 Q4 2009 2008 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $151.4M
YoY Change
Cash & Equivalents $267.5M $151.4M $156.2M
Short-Term Investments
Other Short-Term Assets $23.90M
YoY Change
Inventory
Prepaid Expenses
Receivables $21.70M
Other Receivables $0.00
Total Short-Term Assets $197.0M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.585M $1.880B
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $12.90M
YoY Change
Other Assets $113.0M
YoY Change
Total Long-Term Assets $2.006B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $197.0M
Total Long-Term Assets $2.006B
Total Assets $3.046B $2.203B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00
YoY Change
Accrued Expenses $1.100M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.100M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $1.599B
YoY Change
Other Long-Term Liabilities $64.30M
YoY Change
Total Long-Term Liabilities $1.663B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.100M
Total Long-Term Liabilities $1.663B
Total Liabilities $1.822B $1.717B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $485.7M
YoY Change
Total Liabilities & Shareholders Equity $3.046B $2.203B
YoY Change

Cashflow Statement

Concept 2010 Q4 2009 2008 Q4
OPERATING ACTIVITIES
Net Income -$10.30M -$168.0M
YoY Change 473.37%
Depreciation, Depletion And Amortization $27.50M $98.88M
YoY Change 13.79%
Cash From Operating Activities $17.10M $28.85M
YoY Change -62.53%
INVESTING ACTIVITIES
Capital Expenditures -$7.600M $584.0K
YoY Change -100.46%
Acquisitions
YoY Change
Other Investing Activities -$529.0M -$20.00K
YoY Change -99.51%
Cash From Investing Activities -$536.6M -$198.0M
YoY Change 51.86%
FINANCING ACTIVITIES
Cash Dividend Paid $39.00K
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 626.7M $164.4M
YoY Change 30.77%
NET CHANGE
Cash From Operating Activities 17.10M $28.85M
Cash From Investing Activities -536.6M -$198.0M
Cash From Financing Activities 626.7M $164.4M
Net Change In Cash 107.2M -$4.799M
YoY Change -106.64%
FREE CASH FLOW
Cash From Operating Activities $17.10M $28.85M
Capital Expenditures -$7.600M $584.0K
Free Cash Flow $24.70M $28.27M
YoY Change -86.1%

Facts In Submission

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CY2011 us-gaap Dividends Common Stock
DividendsCommonStock
40733000 USD
CY2010 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
10103000 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
80000 USD
CY2010 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
15984000 USD
CY2011 rlj Payments Of Distribution To Limited Partners
PaymentsOfDistributionToLimitedPartners
61000 USD
CY2009 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
10592000 USD
CY2009 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
584000 USD
CY2009 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
20028000 USD
CY2010 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
68000 USD
CY2010 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
8500000 USD
CY2010 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
828872000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
64078000 USD
CY2010 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2380000 USD
CY2010 us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
342000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8247000 USD
CY2010 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2048000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7431000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
255669000 USD
CY2010 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
58000 USD
CY2010 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
1000000 USD
CY2010 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3083000 USD
CY2010 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
100793000 USD
CY2010 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
23710000 USD
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
116072000 USD
CY2009 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
164374000 USD
CY2009 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
387000 USD
CY2009 rlj Payments Of Distribution To Limited Partners
PaymentsOfDistributionToLimitedPartners
62000 USD
CY2011 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6183000 USD
CY2009 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
33001000 USD
CY2009 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
48911000 USD
CY2009 us-gaap Payments Of Dividends
PaymentsOfDividends
39000 USD
CY2009 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
10808000 USD
CY2009 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
14777000 USD
CY2009 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
6000000 USD
CY2009 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
150983000 USD
CY2009 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-198025000 USD
CY2009 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-20000 USD
CY2009 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
8618000 USD
CY2009 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
9000 USD
CY2009 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
145315000 USD
CY2009 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28852000 USD
CY2009 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
626000 USD
CY2009 us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
350000 USD
CY2009 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6130000 USD
CY2011 dei Entity Registrant Name
EntityRegistrantName
RLJ Lodging Trust
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0001511337
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2011 dei Amendment Flag
AmendmentFlag
false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
106644632 shares
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2011 us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
500000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
13733000 USD
CY2011 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
500000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
-702000 USD
CY2011 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
120000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3284000 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
528293000 USD
CY2011 rlj Other Ownership Interests Capital Account Distributions
OtherOwnershipInterestsCapitalAccountDistributions
3104000 USD
CY2011 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
16296000 USD
CY2011 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
126721000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
2024000 USD
CY2009Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
485747000 USD
CY2009 rlj Other Ownership Interests Capital Account Contributions
OtherOwnershipInterestsCapitalAccountContributions
0 USD

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