2020 Q1 Form 10-Q Financial Statement

#000151133720000010 Filed on May 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $265.5M $399.3M
YoY Change -33.51% -7.06%
Cost Of Revenue $188.2M $249.6M
YoY Change -24.6% -8.57%
Gross Profit $77.20M $149.6M
YoY Change -48.4% -4.47%
Gross Profit Margin 29.08% 37.47%
Selling, General & Admin $40.50M $41.80M
YoY Change -3.11% -7.93%
% of Gross Profit 52.46% 27.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $49.17M $58.40M
YoY Change -15.8% -4.89%
% of Gross Profit 63.7% 39.04%
Operating Expenses $277.9M $350.4M
YoY Change -20.69% -8.17%
Operating Profit -$200.7M -$200.8M
YoY Change -0.04% -517.62%
Interest Expense $23.81M $20.06M
YoY Change 18.7% -30.1%
% of Operating Profit
Other Income/Expense, Net $579.0K $274.0K
YoY Change 111.31% -74.93%
Pretax Income -$31.98M $29.92M
YoY Change -206.89% 18.55%
Income Tax -$1.150M $1.586M
% Of Pretax Income 5.3%
Net Earnings -$29.32M $27.25M
YoY Change -207.6% 15.04%
Net Earnings / Revenue -11.05% 6.83%
Basic Earnings Per Share -$0.21 $0.12
Diluted Earnings Per Share -$0.21 $0.12
COMMON SHARES
Basic Shares Outstanding 167.1M shares 172.8M shares
Diluted Shares Outstanding 167.1M shares 172.9M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.158B $241.5M
YoY Change 379.42% -39.91%
Cash & Equivalents $1.158B $241.5M
Short-Term Investments
Other Short-Term Assets $41.60M $59.00M
YoY Change -29.49% -30.91%
Inventory
Prepaid Expenses
Receivables $22.80M $67.60M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.222B $368.1M
YoY Change 232.03% -34.75%
LONG-TERM ASSETS
Property, Plant & Equipment $4.735B $5.505B
YoY Change -13.99% -2.34%
Goodwill
YoY Change
Intangibles $5.676M
YoY Change -95.59%
Long-Term Investments $15.82M $21.95M
YoY Change -27.93% -5.6%
Other Assets $96.20M $100.3M
YoY Change -4.09% -25.04%
Total Long-Term Assets $4.847B $5.632B
YoY Change -13.94% -4.9%
TOTAL ASSETS
Total Short-Term Assets $1.222B $368.1M
Total Long-Term Assets $4.847B $5.632B
Total Assets $6.069B $6.001B
YoY Change 1.14% -7.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $209.7M $169.4M
YoY Change 23.79% -11.95%
Accrued Expenses $135.5M $139.3M
YoY Change -2.73% 822.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $353.9M $374.3M
YoY Change -5.45% 37.06%
LONG-TERM LIABILITIES
Long-Term Debt $2.595B $2.200B
YoY Change 17.93% -16.08%
Other Long-Term Liabilities $48.90M $30.10M
YoY Change 62.46% -19.3%
Total Long-Term Liabilities $2.643B $2.230B
YoY Change 18.53% -16.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $353.9M $374.3M
Total Long-Term Liabilities $2.643B $2.230B
Total Liabilities $2.997B $2.607B
YoY Change 14.96% -11.24%
SHAREHOLDERS EQUITY
Retained Earnings -$311.2M -$187.1M
YoY Change 66.35% 51.93%
Common Stock $3.069B $3.189B
YoY Change -3.75% -0.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.049B $3.369B
YoY Change
Total Liabilities & Shareholders Equity $6.069B $6.001B
YoY Change 1.14% -7.5%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$29.32M $27.25M
YoY Change -207.6% 15.04%
Depreciation, Depletion And Amortization $49.17M $58.40M
YoY Change -15.8% -4.89%
Cash From Operating Activities $30.07M $75.04M
YoY Change -59.94% 47.22%
INVESTING ACTIVITIES
Capital Expenditures -$31.00M $52.00K
YoY Change -59715.38% 92.59%
Acquisitions
YoY Change
Other Investing Activities $1.600M -$600.0K
YoY Change -366.67% -100.52%
Cash From Investing Activities -$29.43M -$44.10M
YoY Change -33.26% -156.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $634.0K $366.0K
YoY Change 73.22% -20.78%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $273.6M -$120.1M
YoY Change -327.81% -61.16%
NET CHANGE
Cash From Operating Activities $30.07M $75.04M
Cash From Investing Activities -$29.43M -$44.10M
Cash From Financing Activities $273.6M -$120.1M
Net Change In Cash $274.2M -$89.14M
YoY Change -407.6% -50.68%
FREE CASH FLOW
Cash From Operating Activities $30.07M $75.04M
Capital Expenditures -$31.00M $52.00K
Free Cash Flow $61.07M $74.99M
YoY Change -18.57% 47.19%

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CY2019Q1 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-353000 USD
CY2020Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-192000 USD
CY2019Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
92000 USD
CY2020Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2019Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
186000 USD
CY2020Q1 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
CY2019Q1 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
1153000 USD
CY2020Q1 rlj Comprehensive Income Loss Attributableto Common Shareholders
ComprehensiveIncomeLossAttributabletoCommonShareholders
-85801000 USD
CY2019Q1 rlj Comprehensive Income Loss Attributableto Common Shareholders
ComprehensiveIncomeLossAttributabletoCommonShareholders
10867000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3226483000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-29324000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
8000 USD
CY2020Q1 rlj Contributionsfromanoncontrollinginterest
Contributionsfromanoncontrollinginterest
270000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2900000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
-634000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
62605000 USD
CY2020Q1 us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 USD
CY2020Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6279000 USD
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
987000 USD
CY2019Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
186000 USD
CY2019Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
45583000 USD
CY2020Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3071834000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3496941000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
28331000 USD
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-14136000 USD
CY2019Q1 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-2250000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
9000 USD
CY2019Q1 rlj Contributionsfromanoncontrollinginterest
Contributionsfromanoncontrollinginterest
2306000 USD
CY2019Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
0 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2828000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
366000 USD
CY2019Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10561000 USD
CY2019Q1 us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 USD
CY2019Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6279000 USD
CY2019Q1 us-gaap Dividends Common Stock
DividendsCommonStock
57814000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3393222000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-30829000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
28331000 USD
CY2020Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
102000 USD
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
49173000 USD
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
58403000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1021000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
792000 USD
CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-596000 USD
CY2019Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-483000 USD
CY2020Q1 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
-1556000 USD
CY2019Q1 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
2250000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
585000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-381000 USD
CY2019Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
550000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2696000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2725000 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1242000 USD
CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1281000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-16989000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15490000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-10715000 USD
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-77000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-22204000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-11206000 USD
CY2020Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-8529000 USD
CY2019Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4722000 USD
CY2020Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
12003000 USD
CY2019Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
7211000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
30066000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
75044000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
102000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2020Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
31027000 USD
CY2019Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
43499000 USD
CY2020Q1 rlj Cash Paidto Equity Method Investment Contribution
CashPaidtoEquityMethodInvestmentContribution
100000 USD
CY2019Q1 rlj Cash Paidto Equity Method Investment Contribution
CashPaidtoEquityMethodInvestmentContribution
603000 USD
CY2020Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1593000 USD
CY2019Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29432000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-44102000 USD
CY2020Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
400000000 USD
CY2019Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
140000000 USD
CY2020Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
634000 USD
CY2019Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1568000 USD
CY2020Q1 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
0 USD
CY2019Q1 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-139500000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
62605000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
10561000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
634000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
366000 USD
CY2020Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6279000 USD
CY2019Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6279000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
56051000 USD
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
57426000 USD
CY2020Q1 rlj Paymentsof Distributionson Operating Partnership Units
PaymentsofDistributionsonOperatingPartnershipUnits
390000 USD
CY2019Q1 rlj Paymentsof Distributionson Operating Partnership Units
PaymentsofDistributionsonOperatingPartnershipUnits
233000 USD
CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
105000 USD
CY2019Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
564000 USD
CY2020Q1 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2019Q1 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
312000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
CY2019Q1 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
45583000 USD
CY2020Q1 rlj Cashreceivedfromanoncontrollinginterest
Cashreceivedfromanoncontrollinginterest
270000 USD
CY2019Q1 rlj Cashreceivedfromanoncontrollinginterest
Cashreceivedfromanoncontrollinginterest
2306000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
273572000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-120086000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
274206000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-89144000 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
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1201366000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
295698000 USD
CY2020Q1 rlj Operating Partnerships Unit Outstanding
OperatingPartnershipsUnitOutstanding
165615074 shares
CY2020Q1 rlj Direct And Indirect Ownership Interest In Operating Partnerships
DirectAndIndirectOwnershipInterestInOperatingPartnerships
0.995
CY2020Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
104 property
CY2020Q1 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
22700 room
CY2020Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
23 state
CY2020Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
104 property
CY2020Q1 rlj Real Estate Properties Percentageof Operations Suspended
RealEstatePropertiesPercentageofOperationsSuspended
0.50
CY2020Q1 rlj Real Estate Properties Percentageof Operations Suspended
RealEstatePropertiesPercentageofOperationsSuspended
0.50
CY2020Q1 rlj Percentageof Capital Investment Reduction
PercentageofCapitalInvestmentReduction
0.80
CY2020Q1 rlj Percentageof Roi Project Suspensions
PercentageofROIProjectSuspensions
0.90
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1200000000 USD
CY2020Q1 us-gaap Cash
Cash
800000000.0 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1200000000 USD
CY2020Q1 rlj Debt Covenant Waiver Approval Percentageby Lenders
DebtCovenantWaiverApprovalPercentagebyLenders
0.50
CY2020Q1 rlj Real Estate Interests Numberof Joint Ventures
RealEstateInterestsNumberofJointVentures
2 joint_venture
CY2020Q1 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2020Q1 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>
CY2020Q1 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. Given the additional and unforeseen effects from the COVID-19 pandemic, these estimates are becoming more challenging, and actual results could differ from those estimates.</span></div>
CY2020Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
1089347000 USD
CY2019Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
1088436000 USD
CY2020Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4058247000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4039012000 USD
CY2020Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
691546000 USD
CY2019Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
685699000 USD
CY2020Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5839140000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5813147000 USD
CY2020Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1247124000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1198181000 USD
CY2020Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4592016000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4614966000 USD
CY2020Q1 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
48900000 USD
CY2019Q1 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
57700000 USD
CY2020Q1 us-gaap Equity Method Investments
EquityMethodInvestments
15820000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
15171000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
585000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-381000 USD
CY2020Q1 us-gaap Revenues
Revenues
265481000 USD
CY2019Q1 us-gaap Revenues
Revenues
399267000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
2594492000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
2195707000 USD
CY2020Q1 rlj Unsecured Debt Gross
UnsecuredDebtGross
1575000000 USD
CY2019Q4 rlj Unsecured Debt Gross
UnsecuredDebtGross
1175000000 USD
CY2020Q1 rlj Unamortizeddebtissuancecostsontermloans
Unamortizeddebtissuancecostsontermloans
5767000 USD
CY2019Q4 rlj Unamortizeddebtissuancecostsontermloans
Unamortizeddebtissuancecostsontermloans
6207000 USD
CY2020Q1 rlj Secured Debt Gross
SecuredDebtGross
529454000 USD
CY2019Q4 rlj Secured Debt Gross
SecuredDebtGross
530299000 USD
CY2020Q1 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
3498000 USD
CY2019Q4 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
3869000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1021000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
792000 USD
CY2020Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-1556000 USD
CY2019Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
2250000 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
CY2020Q1 us-gaap Amount Of Ineffectiveness On Net Investment Hedges
AmountOfIneffectivenessOnNetInvestmentHedges
0 USD
CY2020Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
22300000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
23813000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
20062000 USD
CY2020Q1 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
2124000000 USD
CY2019Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
1674000000 USD
CY2020Q1 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
-75991000 USD
CY2019Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
-19514000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-76000000.0 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
2594492000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
2195707000 USD
CY2020Q1 rlj Minimum Percentage Of Adjusted Taxable Income Currently Distributed To Qualify As Reit
MinimumPercentageOfAdjustedTaxableIncomeCurrentlyDistributedToQualifyAsREIT
0.90
CY2020Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2020Q1 rlj Restricted Cash Reserves Escrows As Percentage Of Revenue Required To Be Maintained Minimum
RestrictedCashReservesEscrowsAsPercentageOfRevenueRequiredToBeMaintainedMinimum
0.030
CY2020Q1 rlj Restricted Cash Reserves Escrows As Percentage Of Revenue Required To Be Maintained Maximum
RestrictedCashReservesEscrowsAsPercentageOfRevenueRequiredToBeMaintainedMaximum
0.050
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
43500000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
44700000 USD
CY2016Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
8300000 USD
CY2020Q1 rlj Number Of Real Estate Properties Operated Under Management Agreements
NumberOfRealEstatePropertiesOperatedUnderManagementAgreements
103 hotel
CY2016Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
29 hotel
CY2020Q1 rlj Noi Guarantee Termination Payment
NOIGuaranteeTerminationPayment
35000000.0 USD
CY2020Q1 rlj Noi Guarantee Termination Payment
NOIGuaranteeTerminationPayment
35000000.0 USD
CY2020Q1 rlj Reductionof Management Fee Expense
ReductionofManagementFeeExpense
4600000 USD
CY2020Q1 rlj Number Of Real Estate Properties Operated Under Franchise Agreements
NumberOfRealEstatePropertiesOperatedUnderFranchiseAgreements
73 hotel
CY2016Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
29 hotel
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
62600000 USD
CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
213400000 USD
CY2019Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
602309 shares
CY2019Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10600000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
7500000 shares
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
27253000 USD
CY2020Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6279000 USD
CY2020Q1 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
-35616000 USD
CY2019Q1 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
20662000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167149733 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
172796998 shares
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-29324000 USD
CY2019Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6279000 USD
CY2020Q1 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
13000 USD
CY2019Q1 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
312000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2019Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2020Q1 rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
0 shares
CY2019Q1 rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
59232 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
167149733 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
172856230 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1157818000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
241481000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
43548000 USD
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
54217000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1201366000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
295698000 USD
CY2020Q1 us-gaap Interest Paid
InterestPaid
10625000 USD
CY2019Q1 us-gaap Interest Paid
InterestPaid
15701000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
104000 USD
CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
43000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3763000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3589 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9040000 USD
CY2019Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6720000 USD

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