2018 Q3 Form 10-Q Financial Statement

#000151133718000159 Filed on November 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $447.0M $341.3M
YoY Change 31.0% 15.19%
Cost Of Revenue $273.4M $204.1M
YoY Change 33.95% 19.64%
Gross Profit $173.6M $137.1M
YoY Change 26.62% 9.07%
Gross Profit Margin 38.83% 40.18%
Selling, General & Admin $46.00M $33.10M
YoY Change 38.97% 19.06%
% of Gross Profit 26.5% 24.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.30M $45.20M
YoY Change 33.41% 10.51%
% of Gross Profit 34.74% 32.97%
Operating Expenses $380.1M $315.1M
YoY Change 20.62% 31.61%
Operating Profit $66.98M $26.16M
YoY Change 156.03% -53.98%
Interest Expense $24.63M $19.65M
YoY Change 25.34% 35.03%
% of Operating Profit 36.77% 75.11%
Other Income/Expense, Net $856.0K $110.0K
YoY Change 678.18% -1.79%
Pretax Income $78.81M $10.49M
YoY Change 651.6% -93.59%
Income Tax $4.156M $6.375M
% Of Pretax Income 5.27% 60.8%
Net Earnings $73.98M $3.914M
YoY Change 1790.01% -90.49%
Net Earnings / Revenue 16.55% 1.15%
Basic Earnings Per Share $0.39 $0.01
Diluted Earnings Per Share $0.39 $0.01
COMMON SHARES
Basic Shares Outstanding 174.3M shares 140.2M shares
Diluted Shares Outstanding 174.5M shares 140.3M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $425.4M $421.2M
YoY Change 1.0% 135.83%
Cash & Equivalents $425.4M $421.2M
Short-Term Investments
Other Short-Term Assets $77.20M $72.50M
YoY Change 6.48% 92.82%
Inventory
Prepaid Expenses
Receivables $76.90M $70.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $579.5M $564.5M
YoY Change 2.66% 122.16%
LONG-TERM ASSETS
Property, Plant & Equipment $5.373B $5.978B
YoY Change -10.11% 66.17%
Goodwill
YoY Change
Intangibles $53.63M $151.1M
YoY Change -64.5%
Long-Term Investments $22.47M $24.96M
YoY Change -9.96%
Other Assets $156.0M $147.0M
YoY Change 6.12% 32.31%
Total Long-Term Assets $5.605B $6.301B
YoY Change -11.04% 69.78%
TOTAL ASSETS
Total Short-Term Assets $579.5M $564.5M
Total Long-Term Assets $5.605B $6.301B
Total Assets $6.185B $6.865B
YoY Change -9.91% 73.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $204.0M $273.3M
YoY Change -25.36% 89.92%
Accrued Expenses $14.30M $16.30M
YoY Change -12.27% 409.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $284.0M $316.1M
YoY Change -10.16% 67.69%
LONG-TERM LIABILITIES
Long-Term Debt $2.290B $2.886B
YoY Change -20.64% 82.29%
Other Long-Term Liabilities $29.50M $34.50M
YoY Change -14.49% 180.49%
Total Long-Term Liabilities $2.320B $2.920B
YoY Change -20.56% 83.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $284.0M $316.1M
Total Long-Term Liabilities $2.320B $2.920B
Total Liabilities $2.609B $3.248B
YoY Change -19.66% 81.07%
SHAREHOLDERS EQUITY
Retained Earnings -$113.8M -$25.33M
YoY Change 349.5% -742.79%
Common Stock $3.217B $3.208B
YoY Change 0.28% 46.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.508B $3.550B
YoY Change
Total Liabilities & Shareholders Equity $6.185B $6.865B
YoY Change -9.91% 73.14%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $73.98M $3.914M
YoY Change 1790.01% -90.49%
Depreciation, Depletion And Amortization $60.30M $45.20M
YoY Change 33.41% 10.51%
Cash From Operating Activities $117.7M $65.80M
YoY Change 78.88% -23.67%
INVESTING ACTIVITIES
Capital Expenditures -$59.20M -$19.70M
YoY Change 200.51% 11.93%
Acquisitions $24.88M
YoY Change
Other Investing Activities $330.6M -$12.10M
YoY Change -2832.23% 195.12%
Cash From Investing Activities $271.4M -$31.80M
YoY Change -953.46% 46.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -346.3M -75.00M
YoY Change 361.73% 63.04%
NET CHANGE
Cash From Operating Activities 117.7M 65.80M
Cash From Investing Activities 271.4M -31.80M
Cash From Financing Activities -346.3M -75.00M
Net Change In Cash 42.80M -41.00M
YoY Change -204.39% -321.62%
FREE CASH FLOW
Cash From Operating Activities $117.7M $65.80M
Capital Expenditures -$59.20M -$19.70M
Free Cash Flow $176.9M $85.50M
YoY Change 106.9% -17.63%

Facts In Submission

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CY2017Q3 us-gaap Earnings Per Share Basic
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0.01
CY2017Q3 us-gaap Common Stock Dividends Per Share Declared
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0.33
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2018Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2018Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
174869046 shares
CY2018Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
175215202 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
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174869046 shares
CY2018Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
175215202 shares
CY2017Q4 us-gaap Common Stock Value
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1749000 USD
CY2018Q3 us-gaap Common Stock Value
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1752000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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5857000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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73932000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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79332000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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192412000 USD
us-gaap Deferred Income Tax Expense Benefit
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7972000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6145000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
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5547000 USD
CY2018Q3 us-gaap Deferred Income Tax Liabilities
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5547000 USD
CY2017Q4 us-gaap Deferred Revenue And Credits
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30463000 USD
CY2018Q3 us-gaap Deferred Revenue And Credits
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29506000 USD
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56761000 USD
CY2018Q3 us-gaap Deferred Tax Assets Net
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52415000 USD
us-gaap Depreciation And Amortization
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122136000 USD
CY2018Q3 us-gaap Depreciation And Amortization
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60373000 USD
us-gaap Depreciation And Amortization
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183429000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
122136000 USD
us-gaap Depreciation Depletion And Amortization
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183429000 USD
CY2017Q4 us-gaap Derivative Liability Notional Amount
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2186251000 USD
CY2018Q3 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
1993000000 USD
us-gaap Dividends Common Stock
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129977000 USD
us-gaap Dividends Common Stock
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174600000 USD
CY2017Q4 us-gaap Dividends Payable Current And Noncurrent
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65284000 USD
CY2018Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
65746000 USD
CY2018Q3 us-gaap Earnings Per Share Basic
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0.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
us-gaap Investment Income Interest
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2306000 USD
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2018Q3 us-gaap Equity Method Investment Ownership Percentage
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0.50
CY2017Q4 us-gaap Equity Method Investments
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23885000 USD
CY2018Q3 us-gaap Equity Method Investments
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22472000 USD
CY2017Q4 us-gaap Fixtures And Equipment Gross
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756546000 USD
CY2018Q3 us-gaap Fixtures And Equipment Gross
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785418000 USD
CY2017Q3 us-gaap Gain Loss On Disposition Of Assets
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-19000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-49000 USD
CY2018Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
35895000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
32957000 USD
CY2017Q3 us-gaap Gain Loss On Investments
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2670000 USD
us-gaap Gain Loss On Investments
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2670000 USD
CY2018Q3 us-gaap Gain Loss On Investments
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0 USD
us-gaap Gain Loss On Investments
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0 USD
CY2017Q3 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2018Q3 us-gaap Gains Losses On Extinguishment Of Debt
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-1656000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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6010000 USD
CY2017Q3 us-gaap General And Administrative Expense
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9506000 USD
us-gaap General And Administrative Expense
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28757000 USD
CY2018Q3 us-gaap General And Administrative Expense
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11622000 USD
us-gaap General And Administrative Expense
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38059000 USD
CY2017Q3 us-gaap Impairment Of Real Estate
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0 USD
CY2018Q3 us-gaap Impairment Of Real Estate
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0 USD
us-gaap Impairment Of Real Estate
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0 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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10486000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
77715000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
78813000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
170795000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10429000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
77658000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
78594000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
170158000 USD
CY2017Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
57000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
57000 USD
CY2018Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
219000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
637000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
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6375000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9362000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4156000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7852000 USD
us-gaap Income Taxes Paid Net
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1107000 USD
us-gaap Income Taxes Paid Net
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1902000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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28411000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-6916000 USD
us-gaap Increase Decrease In Accounts Receivable
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16493000 USD
us-gaap Increase Decrease In Accounts Receivable
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18420000 USD
us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
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-1238000 USD
us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
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3801000 USD
us-gaap Increase Decrease In Interest Payable Net
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-9751000 USD
us-gaap Increase Decrease In Interest Payable Net
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-2785000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-74000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-12871000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
133211000 USD
CY2018Q3 us-gaap Intangible Assets Net Excluding Goodwill
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53633000 USD
CY2017Q3 us-gaap Interest Expense
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19650000 USD
us-gaap Interest Expense
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48527000 USD
CY2018Q3 us-gaap Interest Expense
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24629000 USD
us-gaap Interest Expense
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78772000 USD
us-gaap Interest Paid
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34170000 USD
us-gaap Interest Paid
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84377000 USD
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17081000 USD
CY2018Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
14296000 USD
CY2017Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
8846000 USD
CY2018Q3 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
38315000 USD
CY2018Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-10100000 USD
CY2017Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4890266000 USD
CY2018Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4660962000 USD
CY2017Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
1157000 USD
CY2018Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
1149000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
3339000 USD
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
23885000 USD
CY2018Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
22472000 USD
CY2017Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
1275030000 USD
CY2018Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
1208365000 USD
CY2017Q4 us-gaap Liabilities
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3224527000 USD
CY2018Q3 us-gaap Liabilities
Liabilities
2609241000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6794805000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6184705000 USD
CY2017Q4 us-gaap Limited Liability Company Llc Preferred Unit Issuance Value
LimitedLiabilityCompanyLLCPreferredUnitIssuanceValue
44430000 USD
CY2018Q3 us-gaap Limited Liability Company Llc Preferred Unit Issuance Value
LimitedLiabilityCompanyLLCPreferredUnitIssuanceValue
44430000 USD
CY2017Q4 us-gaap Long Term Debt
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2880488000 USD
CY2018Q3 us-gaap Long Term Debt
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2290164000 USD
CY2018Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
4600000 USD
CY2016Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
8300000 USD
CY2017Q4 us-gaap Minority Interest
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22881000 USD
CY2018Q3 us-gaap Minority Interest
MinorityInterest
22664000 USD
CY2017Q4 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
11700000 USD
CY2018Q3 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
11640000 USD
CY2017Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
11181000 USD
CY2018Q3 us-gaap Minority Interest In Operating Partnerships
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11024000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-160538000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-772479000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-71145000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
303426000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
207329000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
313474000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
3914000 USD
us-gaap Net Income Loss
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67918000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
73975000 USD
us-gaap Net Income Loss
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161378000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1821000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
65825000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
67696000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
142542000 USD
CY2017Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
32000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-5000 USD
CY2018Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
9000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-170000 USD
CY2017Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
43000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
318000 USD
CY2018Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
299000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
626000 USD
CY2017Q3 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
5157000 USD
CY2017Q3 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
37
CY2018Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
152 property
CY2018Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
25 state
CY2018Q3 us-gaap Number Of Units In Real Estate Property
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29400 room
CY2017Q3 us-gaap Off Market Lease Unfavorable
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15489544 USD
CY2017Q3 us-gaap Operating Expenses
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315094000 USD
us-gaap Operating Expenses
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772836000 USD
CY2018Q3 us-gaap Operating Expenses
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380063000 USD
us-gaap Operating Expenses
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1157217000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
26161000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
120935000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
66979000 USD
us-gaap Operating Income Loss
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204110000 USD
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1746000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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5579000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
4675000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
29469000 USD
CY2017Q3 us-gaap Other Finite Lived Intangible Assets Gross
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7761000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
110000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
323000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
856000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2514000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2093000 USD
CY2017Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
122000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
122000 USD
CY2018Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
374000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1109000 USD
CY2017Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2093000 USD
us-gaap Payments For Capital Improvements
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58853000 USD
us-gaap Payments For Capital Improvements
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144195000 USD
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us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
0 USD
us-gaap Payments For Repurchase Of Common Stock
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2216000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2925000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
2610000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
0 USD
us-gaap Payments Of Distributions To Affiliates
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126000 USD
us-gaap Payments Of Distributions To Affiliates
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1113000 USD
us-gaap Payments Of Dividends Common Stock
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150701000 USD
us-gaap Payments Of Dividends Common Stock
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173367000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
18836000 USD
us-gaap Payments Of Financing Costs
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1050000 USD
us-gaap Payments Of Financing Costs
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3615000 USD
CY2017Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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24883000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
152000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
116000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
24883000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
0 USD
CY2018Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6279000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18836000 USD
CY2017Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
328266000 USD
CY2018Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
328266000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
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366936000 USD
CY2018Q3 us-gaap Preferred Stock Value
PreferredStockValue
366936000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
69936000 USD
CY2018Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
77154000 USD
CY2017Q3 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
174244252 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
174223424 shares
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
45000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
-49000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
300000000 USD
us-gaap Revenues
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1361327000 USD
CY2018Q3 us-gaap Revenues
Revenues
447042000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
447737000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
4111000 USD
us-gaap Profit Loss
ProfitLoss
68353000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
74657000 USD
us-gaap Profit Loss
ProfitLoss
162943000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1129917000 USD
CY2018Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1281574000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6921842000 USD
CY2018Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6654745000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5791925000 USD
CY2018Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5373171000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
300000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3168000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
32942000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
78343000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
72606000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
78113000 USD
us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 USD
us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-82566000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-113841000 USD
CY2017Q3 us-gaap Revenues
Revenues
341255000 USD
us-gaap Revenues
Revenues
893771000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7964000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
9722000 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
7500000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2981978 shares
CY2017Q3 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1016227000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
366936000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2015Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
400000000.0 USD
CY2017Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
440000000.0 USD
CY2018Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
198932517 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
122508 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2600000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2610000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
3502967000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
3508370000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2235277000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3617247000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3570278000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3575464000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
44430000 USD
CY2017Q3 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
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
46000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2017Q3 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
174186944 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
174141367 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140307269 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
129399177 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174479341 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174365101 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
140249961 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
129317120 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174326198 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174253393 shares
us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net income and comprehensive income, shareholders&#8217; equity or cash flows.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the Company&#8217;s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

Files In Submission

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0001511337-18-000159-index-headers.html Edgar Link pending
0001511337-18-000159-index.html Edgar Link pending
0001511337-18-000159.txt Edgar Link pending
0001511337-18-000159-xbrl.zip Edgar Link pending
exhibit311-9302018.htm Edgar Link pending
exhibit312-9302018.htm Edgar Link pending
exhibit321-9302018.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
rlj-20180930.xml Edgar Link completed
rlj-20180930.xsd Edgar Link pending
rlj-20180930_cal.xml Edgar Link unprocessable
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rlj-9302018x10q.htm Edgar Link pending
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