2019 Q4 Form 10-K Financial Statement

#000151133720000006 Filed on February 26, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q1 2018 Q4
Revenue $347.1M $399.3M $399.9M
YoY Change -13.21% -7.06% -13.53%
Cost Of Revenue $216.8M $249.6M $248.1M
YoY Change -12.62% -8.57% -13.79%
Gross Profit $130.3M $149.6M $151.8M
YoY Change -14.16% -4.47% -13.11%
Gross Profit Margin 37.54% 37.47% 37.96%
Selling, General & Admin $39.80M $41.80M $41.80M
YoY Change -4.78% -7.93% -0.95%
% of Gross Profit 30.54% 27.94% 27.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.90M $58.40M $58.20M
YoY Change -15.98% -4.89% -10.32%
% of Gross Profit 37.53% 39.04% 38.34%
Operating Expenses $88.60M $350.4M $100.0M
YoY Change -11.4% -8.17% -6.54%
Operating Profit $41.70M -$200.8M $51.80M
YoY Change -19.5% -517.62% -23.49%
Interest Expense -$17.60M $20.06M -$21.30M
YoY Change -17.37% -30.1% -26.55%
% of Operating Profit -42.21% -41.12%
Other Income/Expense, Net $300.0K $274.0K $300.0K
YoY Change 0.0% -74.93% -400.0%
Pretax Income $26.70M $29.92M $28.90M
YoY Change -7.61% 18.55% -7.07%
Income Tax -$8.200M $1.586M $900.0K
% Of Pretax Income -30.71% 5.3% 3.11%
Net Earnings $34.70M $27.25M $27.30M
YoY Change 27.11% 15.04% 295.65%
Net Earnings / Revenue 10.0% 6.83% 6.83%
Basic Earnings Per Share $0.17 $0.12 $0.12
Diluted Earnings Per Share $0.17 $0.12 $0.12
COMMON SHARES
Basic Shares Outstanding 169.2M shares 172.8M shares 174.1M shares
Diluted Shares Outstanding 169.4M shares 172.9M shares 174.2M shares

Balance Sheet

Concept 2019 Q4 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $882.5M $241.5M $320.1M
YoY Change 175.7% -39.91% -45.42%
Cash & Equivalents $882.5M $241.5M $320.1M
Short-Term Investments
Other Short-Term Assets $58.50M $59.00M $67.40M
YoY Change -13.2% -30.91% -3.58%
Inventory
Prepaid Expenses
Receivables $39.80M $67.60M $52.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $980.8M $368.1M $439.6M
YoY Change 123.11% -34.75% -38.64%
LONG-TERM ASSETS
Property, Plant & Equipment $4.759B $5.505B $5.379B
YoY Change -11.52% -2.34% -7.13%
Goodwill
YoY Change
Intangibles $0.00 $5.676M $52.45M
YoY Change -100.0% -95.59% -60.63%
Long-Term Investments $15.17M $21.95M $22.28M
YoY Change -31.9% -5.6% -6.72%
Other Assets $96.10M $100.3M $112.1M
YoY Change -14.27% -25.04% -13.37%
Total Long-Term Assets $4.871B $5.632B $5.563B
YoY Change -12.44% -4.9% -8.48%
TOTAL ASSETS
Total Short-Term Assets $980.8M $368.1M $439.6M
Total Long-Term Assets $4.871B $5.632B $5.563B
Total Assets $5.851B $6.001B $6.002B
YoY Change -2.51% -7.5% -11.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $183.4M $169.4M $203.8M
YoY Change -10.01% -11.95% -9.7%
Accrued Expenses $124.2M $139.3M $7.900M
YoY Change 1472.15% 822.52% -53.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $371.8M $374.3M $277.3M
YoY Change 34.08% 37.06% -10.0%
LONG-TERM LIABILITIES
Long-Term Debt $2.196B $2.200B $2.203B
YoY Change -0.32% -16.08% -23.53%
Other Long-Term Liabilities $57.50M $30.10M $25.40M
YoY Change 126.38% -19.3% -16.72%
Total Long-Term Liabilities $2.253B $2.230B $2.228B
YoY Change 1.13% -16.13% -23.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $371.8M $374.3M $277.3M
Total Long-Term Liabilities $2.253B $2.230B $2.228B
Total Liabilities $2.625B $2.607B $2.505B
YoY Change 4.77% -11.24% -22.3%
SHAREHOLDERS EQUITY
Retained Earnings -$274.8M -$187.1M -$150.5M
YoY Change 82.6% 51.93% 82.25%
Common Stock $3.130B $3.189B $3.197B
YoY Change -2.11% -0.71% -0.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.202B $3.369B $3.430B
YoY Change
Total Liabilities & Shareholders Equity $5.851B $6.001B $6.002B
YoY Change -2.51% -7.5% -11.66%

Cashflow Statement

Concept 2019 Q4 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income $34.70M $27.25M $27.30M
YoY Change 27.11% 15.04% 295.65%
Depreciation, Depletion And Amortization $48.90M $58.40M $58.20M
YoY Change -15.98% -4.89% -10.32%
Cash From Operating Activities $91.70M $75.04M $81.30M
YoY Change 12.79% 47.22% 52.53%
INVESTING ACTIVITIES
Capital Expenditures -$39.50M $52.00K -$53.30M
YoY Change -25.89% 92.59% 20.59%
Acquisitions
YoY Change
Other Investing Activities $62.40M -$600.0K $27.00M
YoY Change 131.11% -100.52% -85.02%
Cash From Investing Activities $22.90M -$44.10M -$26.30M
YoY Change -187.07% -156.93% -119.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $366.0K
YoY Change -20.78%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -82.00M -$120.1M -173.7M
YoY Change -52.79% -61.16% 480.94%
NET CHANGE
Cash From Operating Activities 91.70M $75.04M 81.30M
Cash From Investing Activities 22.90M -$44.10M -26.30M
Cash From Financing Activities -82.00M -$120.1M -173.7M
Net Change In Cash 32.60M -$89.14M -118.7M
YoY Change -127.46% -50.68% -174.42%
FREE CASH FLOW
Cash From Operating Activities $91.70M $75.04M $81.30M
Capital Expenditures -$39.50M $52.00K -$53.30M
Free Cash Flow $131.2M $74.99M $134.6M
YoY Change -2.53% 47.19% 38.05%

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291000 USD
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25115000 USD
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0 USD
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17000 USD
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117000 USD
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10607000 USD
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3050000 USD
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2610000 USD
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487000 USD
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719000 USD
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291000 USD
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5493000 USD
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44430000 USD
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3585000 USD
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2670000 USD
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3504000 USD
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3499000 USD
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11459000 USD
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0 USD
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0 USD
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636000 USD
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133000 USD
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1964000 USD
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2591000 USD
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1900000 USD
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0 USD
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0 USD
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664000 USD
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8384000 USD
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40140000 USD
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6335000 USD
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35766000 USD
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82000 USD
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0 USD
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24883000 USD
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603000 USD
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350000 USD
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2499000 USD
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0 USD
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0 USD
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64980000 USD
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140000000 USD
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300000000 USD
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140000000 USD
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300000000 USD
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112000 USD
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539026000 USD
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990000 USD
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0 USD
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3979000 USD
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4770000 USD
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374500000 USD
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113137000 USD
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77834000 USD
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21814000 USD
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2610000 USD
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1802000 USD
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3585000 USD
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3050000 USD
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25115000 USD
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25115000 USD
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6279000 USD
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228287000 USD
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231188000 USD
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169942000 USD
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1230000 USD
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1050000 USD
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775000 USD
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10111000 USD
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3640000 USD
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1582000 USD
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312000 USD
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1483000 USD
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496000 USD
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45583000 USD
CY2018 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
CY2017 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
CY2019 rlj Cashreceivedfromanoncontrollinginterest
Cashreceivedfromanoncontrollinginterest
2446000 USD
CY2018 rlj Cashreceivedfromanoncontrollinginterest
Cashreceivedfromanoncontrollinginterest
191000 USD
CY2017 rlj Cashreceivedfromanoncontrollinginterest
Cashreceivedfromanoncontrollinginterest
117000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-385419000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-946182000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-190377000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
542318000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-274234000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
135198000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
384842000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
659076000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
523878000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
927160000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
384842000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
659076000 USD
CY2019Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
104 property
CY2019Q4 rlj Real Estate Interests Numberof Joint Ventures
RealEstateInterestsNumberofJointVentures
2
CY2019Q4 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2019Q4 rlj Operating Partnerships Unit Outstanding
OperatingPartnershipsUnitOutstanding
170624989 shares
CY2019 rlj Direct And Indirect Ownership Interest In Operating Partnerships
DirectAndIndirectOwnershipInterestInOperatingPartnerships
0.995
CY2019Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
104 property
CY2019Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
22700 room
CY2019Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
23 state
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the Company’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.</span></div>
CY2019 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span 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’ equity or cash flows.</span></div>
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3500000 USD
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3500000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4100000 USD
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
150803000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
52448000 USD
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5676000 USD
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
203833000 USD
CY2019Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
183129000 USD
CY2018Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
124735000 USD
CY2019 rlj Minimum Percentage Of Adjusted Taxable Income Currently Distributed To Qualify As Reit
MinimumPercentageOfAdjustedTaxableIncomeCurrentlyDistributedToQualifyAsREIT
0.90
CY2017Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q3 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
37
CY2017Q3 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
1400000000 USD
CY2017Q3 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
1412388000 USD
CY2017Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
24883000 USD
CY2017 rlj Business Combination Net Incomerecognizedduringtheperiod
BusinessCombinationNetIncomerecognizedduringtheperiod
14994000 USD
CY2017Q3 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
1412388000 USD
CY2017 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P46Y
CY2017 rlj Business Combination Revenuerecognizedduringtheperiod
BusinessCombinationRevenuerecognizedduringtheperiod
260020000 USD
CY2018 rlj Transactioncostsinabusinesscombination
Transactioncostsinabusinesscombination
-487000 USD
CY2017 rlj Transactioncostsinabusinesscombination
Transactioncostsinabusinesscombination
38391000 USD
CY2018 rlj Integrationcostsinabusinesscombination
Integrationcostsinabusinesscombination
2050000 USD
CY2017 rlj Integrationcostsinabusinesscombination
Integrationcostsinabusinesscombination
5696000 USD
CY2018 rlj Totalmergerrelatedcostsofabusinesscombination
Totalmergerrelatedcostsofabusinesscombination
1563000 USD
CY2017 rlj Totalmergerrelatedcostsofabusinesscombination
Totalmergerrelatedcostsofabusinesscombination
44087000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5813147000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6717703000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1198181000 USD
CY2017 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1893899000 USD
CY2017 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
110231000 USD
CY2017 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.63
CY2017 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.63
CY2017 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
174142918 shares
CY2017 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
174220129 shares
CY2019Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
1088436000 USD
CY2018Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
1209416000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4039012000 USD
CY2018Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4694490000 USD
CY2019Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
685699000 USD
CY2018Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
813797000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1339052000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4614966000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5378651000 USD
CY2019 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
209600000 USD
CY2018 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
233800000 USD
CY2017 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
182000000.0 USD
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
13500000 USD
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
0 USD
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
0 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
15171000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
22279000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1673000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
636000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
133000 USD
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
0 USD
CY2018Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
50267000 USD
CY2018Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
3495000 USD
CY2018Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
46772000 USD
CY2019Q4 rlj Advanced Bookings Gross
AdvancedBookingsGross
1902000 USD
CY2019Q4 rlj Advanced Bookings Accumulated Amortization
AdvancedBookingsAccumulatedAmortization
1902000 USD
CY2019Q4 rlj Advanced Bookings Net
AdvancedBookingsNet
0 USD
CY2018Q4 rlj Advanced Bookings Gross
AdvancedBookingsGross
1902000 USD
CY2018Q4 rlj Advanced Bookings Accumulated Amortization
AdvancedBookingsAccumulatedAmortization
1268000 USD
CY2018Q4 rlj Advanced Bookings Net
AdvancedBookingsNet
634000 USD
CY2019Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
1100000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1100000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 USD
CY2018Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
7500000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2458000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5042000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
3002000 USD
CY2019Q4 rlj Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
3002000 USD
CY2019Q4 rlj Intangible Assets Net
IntangibleAssetsNet
0 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
59669000 USD
CY2018Q4 rlj Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
7221000 USD
CY2018Q4 rlj Intangible Assets Net
IntangibleAssetsNet
52448000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10200000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5700000 USD
CY2009Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1 hotel
CY2017Q3 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
10100000 USD
CY2017Q3 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
12800000 USD
CY2017Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
2700000 USD
CY2019 us-gaap Revenues
Revenues
1566192000 USD
CY2018 us-gaap Revenues
Revenues
1761224000 USD
CY2017 us-gaap Revenues
Revenues
1356261000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
2195707000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
2202676000 USD
CY2019Q4 rlj Unsecured Debt Gross
UnsecuredDebtGross
1175000000 USD
CY2018Q4 rlj Unsecured Debt Gross
UnsecuredDebtGross
1175000000 USD
CY2019Q4 rlj Unamortizeddebtissuancecostsontermloans
Unamortizeddebtissuancecostsontermloans
6207000 USD
CY2018Q4 rlj Unamortizeddebtissuancecostsontermloans
Unamortizeddebtissuancecostsontermloans
5835000 USD
CY2019 rlj Lineofcreditfutureborrowingcapacityifextended
Lineofcreditfutureborrowingcapacityifextended
750000000.0 USD
CY2019Q4 rlj Secured Debt Gross
SecuredDebtGross
530299000 USD
CY2018Q4 rlj Secured Debt Gross
SecuredDebtGross
528622000 USD
CY2019Q4 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
3869000 USD
CY2018Q4 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
433000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4100000 USD
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3504000 USD
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3499000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
376000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2019 us-gaap Interest Expense
InterestExpense
91295000 USD
CY2018 us-gaap Interest Expense
InterestExpense
101643000 USD
CY2017 us-gaap Interest Expense
InterestExpense
78322000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3098000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3557000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
490386000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
625000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
181000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
874888000 USD
CY2019Q4 rlj Longtermdebttotalfutureminimumprincipalpayments
Longtermdebttotalfutureminimumprincipalpayments
2177929000 USD
CY2019Q4 rlj Debt Instrument Fair Value Adjustment Net
DebtInstrumentFairValueAdjustmentNet
27900000 USD
CY2019Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
1674000000 USD
CY2018Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
2083250000 USD
CY2019Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
19514000 USD
CY2018Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
16195000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
19500000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
16200000 USD
CY2019 us-gaap Amount Of Ineffectiveness On Net Investment Hedges
AmountOfIneffectivenessOnNetInvestmentHedges
0 USD
CY2019Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-4100000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
2195707000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
2202676000 USD
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
13500000 USD
CY2019Q4 rlj Numberof Properties Impaired
NumberofPropertiesImpaired
2
CY2019Q4 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
12 hotel
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15700000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
22200000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
11100000 USD
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15700000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
22200000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
11100000 USD
CY2019Q4 rlj Number Of Real Estate Properties Operated Under Management Agreements
NumberOfRealEstatePropertiesOperatedUnderManagementAgreements
103 hotel
CY2019 rlj Noi Guaranteeoverlifeofagreement
NOIGuaranteeoverlifeofagreement
100000000.0 USD
CY2019 rlj Noi Guaranteeannuallimit
NOIGuaranteeannuallimit
21500000 USD
CY2019 rlj Management Agreements Number Of Management Companies
ManagementAgreementsNumberOfManagementCompanies
13 agreement
CY2019Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
37
rlj Noi Guarantee Termination Payment
NOIGuaranteeTerminationPayment
35000000.0 USD
rlj Noi Guarantee Key Money Loan
NOIGuaranteeKeyMoneyLoan
4600000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
11141000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
11735000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
10124000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
10188000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
10215000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
544201000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
597604000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
476450000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
121154000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P63Y
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0706
CY2019 rlj Restricted Cash Reserves Escrows As Percentage Of Revenue Required To Be Maintained Minimum
RestrictedCashReservesEscrowsAsPercentageOfRevenueRequiredToBeMaintainedMinimum
0.030
CY2019 rlj Restricted Cash Reserves Escrows As Percentage Of Revenue Required To Be Maintained Maximum
RestrictedCashReservesEscrowsAsPercentageOfRevenueRequiredToBeMaintainedMaximum
0.050
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
44700000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
64700000 USD
CY2016Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
8300000 USD
CY2019Q4 rlj Number Of Real Estate Properties Operated Under Management Agreements
NumberOfRealEstatePropertiesOperatedUnderManagementAgreements
103 hotel
rlj Noi Guarantee Termination Payment
NOIGuaranteeTerminationPayment
35000000.0 USD
rlj Noi Guarantee Key Money Loan
NOIGuaranteeKeyMoneyLoan
4600000 USD
CY2019Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
37
CY2011Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2017 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
122508 shares
CY2018 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1162557 shares
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4575170 shares
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
77800000 USD
CY2019Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
182500000 USD
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.32
CY2011Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2019Q4 rlj Operating Partnerships Unit Outstanding
OperatingPartnershipsUnitOutstanding
170624989 shares
CY2019 rlj Direct And Indirect Ownership Interest In Operating Partnerships
DirectAndIndirectOwnershipInterestInOperatingPartnerships
0.995
CY2019 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
45000000.0 USD
CY2019 rlj Proceedsnetofissuancecostsontheissuanceofpreferredequityinaconsolidatedjointventure
Proceedsnetofissuancecostsontheissuanceofpreferredequityinaconsolidatedjointventure
44400000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
7500000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1398533 shares
CY2019 us-gaap Net Income Loss
NetIncomeLoss
127842000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
188643000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
74835000 USD
CY2019 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
25115000 USD
CY2018 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
25115000 USD
CY2017 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
8372000 USD
CY2019 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
1342000 USD
CY2018 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
1181000 USD
CY2017 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
1029000 USD
CY2019 us-gaap Undistributed Earnings
UndistributedEarnings
0 USD
CY2018 us-gaap Undistributed Earnings
UndistributedEarnings
0 USD
CY2017 us-gaap Undistributed Earnings
UndistributedEarnings
0 USD
CY2019 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
101385000 USD
CY2018 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
162347000 USD
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41593000 USD
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24129000 USD
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35058000 USD
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33236000 USD
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2253000 USD
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6806000 USD
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297000 USD
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2367000 USD
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9973000 USD
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0 USD
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51000 USD
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117000 USD
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566000 USD
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513000 USD
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-1520000 USD
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156000 USD
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10482000 USD
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927160000 USD
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384842000 USD
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4090000 USD
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1176000 USD
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15270000 USD
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705681000 USD
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530850000 USD
CY2017 rlj Gross Proceedsfrom Saleof Real Estate Heldforinvestment
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170000000 USD
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0 USD
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1000000 USD
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14000000 USD
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843000 USD
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685870000 USD
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475063000 USD
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180279000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
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Revenues
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28331000 USD
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172856230 shares
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33681000 USD
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32455000 USD
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34912000 USD
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20974000 USD
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27165000 USD
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26184000 USD
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57435000 USD
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CY2018 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
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CY2017 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
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520517000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
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131442000 USD
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
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143215000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
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108986000 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
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185045000 USD
CY2018 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
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12090000 USD
CY2017 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
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985000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
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706040000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
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759643000 USD
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628518000 USD
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0.39
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0.12
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0.10
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70650000 USD
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78650000 USD
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5146000 USD
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0.10
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0.33
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0.39
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0.12
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174193671 shares
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174238854 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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174326198 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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174141263 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174268815 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174364547 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174479341 shares
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174194141 shares
CY2019Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
530299000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
1076882000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
3569930000 USD
CY2019Q4 rlj Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
480636000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
1088436000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
4039012000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5127448000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
706040000 USD
CY2019Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
5000000000.0 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5903906000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
6165296000 USD
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3725932000 USD
CY2019 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
0 USD
CY2018 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
0 USD
CY2017 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
2539854000 USD
CY2019 us-gaap Real Estate Improvements
RealEstateImprovements
91129000 USD
CY2018 us-gaap Real Estate Improvements
RealEstateImprovements
109403000 USD
CY2017 us-gaap Real Estate Improvements
RealEstateImprovements
60916000 USD
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
854087000 USD
CY2018 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
370793000 USD

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