2022 Q1 Form 10-Q Financial Statement

#000151133722000015 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $242.9M $238.1M $119.6M
YoY Change 103.17% 161.4% -54.97%
Cost Of Revenue $159.0M $153.6M $88.50M
YoY Change 79.71% 103.7% -52.98%
Gross Profit $83.86M $84.50M $31.10M
YoY Change 169.64% 438.22% -59.72%
Gross Profit Margin 34.52% 35.49% 26.01%
Selling, General & Admin $36.65M $35.40M $30.90M
YoY Change 18.6% 8.91% -23.7%
% of Gross Profit 43.7% 41.89% 99.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.87M $46.85M $46.94M
YoY Change -0.17% -1.15% -4.54%
% of Gross Profit 55.89% 55.45% 150.94%
Operating Expenses $242.6M $82.25M $172.3M
YoY Change 40.81% 2.94% -38.0%
Operating Profit -$158.8M $2.251M -$141.2M
YoY Change 12.44% -103.51% -29.64%
Interest Expense $24.56M -$25.01M $27.90M
YoY Change -11.95% -5.27% 17.14%
% of Operating Profit -1111.02%
Other Income/Expense, Net $7.285M $965.0K $465.0K
YoY Change 1466.67% 37.86% -19.69%
Pretax Income -$15.28M -$27.30M -$79.00M
YoY Change -80.66% -68.84% 147.05%
Income Tax $190.0K $634.0K $114.0K
% Of Pretax Income
Net Earnings -$15.25M -$27.73M -$77.99M
YoY Change -80.45% -68.09% 165.94%
Net Earnings / Revenue -6.28% -11.65% -65.23%
Basic Earnings Per Share -$0.13 -$0.51
Diluted Earnings Per Share -$0.13 -$169.0K -$0.51
COMMON SHARES
Basic Shares Outstanding 164.2M shares 166.6M shares 163.8M shares
Diluted Shares Outstanding 164.2M shares 163.8M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $479.0M $665.3M $647.8M
YoY Change -26.05% -26.06% -44.05%
Cash & Equivalents $479.0M $665.3M $647.8M
Short-Term Investments
Other Short-Term Assets $56.18M $33.39M $37.00M
YoY Change 51.84% 1.8% -11.06%
Inventory
Prepaid Expenses
Receivables $37.88M $31.09M $19.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $573.1M $729.8M $703.9M
YoY Change -18.58% -22.84% -42.41%
LONG-TERM ASSETS
Property, Plant & Equipment $4.299B $4.364B $4.585B
YoY Change -6.24% -5.73% -3.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.644M $6.522M $6.665M
YoY Change -0.32% -4.06% -57.87%
Other Assets $43.25M $48.53M $33.40M
YoY Change 29.5% 38.65% -65.28%
Total Long-Term Assets $4.349B $4.419B $4.625B
YoY Change -5.97% -5.4% -4.59%
TOTAL ASSETS
Total Short-Term Assets $573.1M $729.8M $703.9M
Total Long-Term Assets $4.349B $4.419B $4.625B
Total Assets $4.922B $5.149B $5.329B
YoY Change -7.64% -8.34% -12.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $130.0M $155.1M $159.5M
YoY Change -18.52% -9.96% -23.94%
Accrued Expenses $130.5M $142.1M $135.2M
YoY Change -3.45% 10.36% -0.22%
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 $268.7M $305.6M $303.1M
YoY Change -11.35% -1.38% -14.35%
LONG-TERM LIABILITIES
Long-Term Debt $2.211B $2.409B $2.378B
YoY Change -7.03% -6.89% -8.34%
Other Long-Term Liabilities $21.43M $20.05M $28.20M
YoY Change -23.99% -37.74% -42.33%
Total Long-Term Liabilities $2.232B $2.429B $2.406B
YoY Change -7.23% -7.27% -8.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $268.7M $305.6M $303.1M
Total Long-Term Liabilities $2.232B $2.429B $2.406B
Total Liabilities $2.501B $2.735B $2.709B
YoY Change -7.7% -6.64% -9.61%
SHAREHOLDERS EQUITY
Retained Earnings -$1.070B -$1.047B -$795.7M
YoY Change 34.44% 47.39% 155.67%
Common Stock $3.099B $3.095B $3.080B
YoY Change 0.6% 0.51% 0.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.407B $2.398B $2.599B
YoY Change
Total Liabilities & Shareholders Equity $4.922B $5.149B $5.329B
YoY Change -7.64% -8.34% -12.2%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income -$15.25M -$27.73M -$77.99M
YoY Change -80.45% -68.09% 165.94%
Depreciation, Depletion And Amortization $46.87M $46.85M $46.94M
YoY Change -0.17% -1.15% -4.54%
Cash From Operating Activities $10.29M $22.71M -$29.01M
YoY Change -135.48% -127.73% -196.48%
INVESTING ACTIVITIES
Capital Expenditures -$24.33M -$128.2M -$9.900M
YoY Change 145.8% 716.34% -68.06%
Acquisitions
YoY Change
Other Investing Activities $34.13M $167.4M $3.800M
YoY Change 798.03% 3539.67% 137.5%
Cash From Investing Activities $9.791M $39.26M -$6.076M
YoY Change -261.14% -456.9% -79.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.269M $1.263M
YoY Change 0.48% 99.21%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$211.7M -8.418M -$218.5M
YoY Change -3.12% -23.47% -179.86%
NET CHANGE
Cash From Operating Activities $10.29M 22.71M -$29.01M
Cash From Investing Activities $9.791M 39.26M -$6.076M
Cash From Financing Activities -$211.7M -8.418M -$218.5M
Net Change In Cash -$191.6M 53.55M -$253.6M
YoY Change -24.45% -151.54% -192.47%
FREE CASH FLOW
Cash From Operating Activities $10.29M $22.71M -$29.01M
Capital Expenditures -$24.33M -$128.2M -$9.900M
Free Cash Flow $34.63M $150.9M -$19.11M
YoY Change -281.21% -327.92% -131.29%

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AccumulatedOtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesNetOfTax
16720000 USD
CY2022Q1 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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-5866000 USD
CY2021Q1 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
0 USD
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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12858000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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-62397000 USD
CY2022Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
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-104000 USD
CY2021Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
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-396000 USD
CY2022Q1 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-118000 USD
CY2021Q1 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-736000 USD
CY2022Q1 rlj Comprehensive Income Loss Attributableto Common Shareholders
ComprehensiveIncomeLossAttributabletoCommonShareholders
13080000 USD
CY2021Q1 rlj Comprehensive Income Loss Attributableto Common Shareholders
ComprehensiveIncomeLossAttributabletoCommonShareholders
-61265000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2413867000 USD
CY2022Q1 us-gaap Profit Loss
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CY2022Q1 rlj Accumulated Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesNetOfTax
34193000 USD
CY2022Q1 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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-5866000 USD
CY2022Q1 rlj Contributionsfromanoncontrollinginterest
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156000 USD
CY2022Q1 rlj Distribution To Joint Venture Partner
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CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5555000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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-1269000 USD
CY2022Q1 us-gaap Restricted Stock Award Forfeitures
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0 USD
CY2022Q1 us-gaap Dividends Preferred Stock
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6279000 USD
CY2022Q1 us-gaap Dividends Common Stock
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1507000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2687388000 USD
CY2021Q1 us-gaap Profit Loss
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CY2021Q1 rlj Accumulated Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesNetOfTax
16720000 USD
CY2021Q1 rlj Contributionsfromanoncontrollinginterest
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99000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2944000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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CY2021Q1 us-gaap Restricted Stock Award Forfeitures
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0 USD
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6279000 USD
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1284000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2619208000 USD
CY2022Q1 us-gaap Profit Loss
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CY2021Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Gain Loss On Disposition Of Assets
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1417000 USD
CY2021Q1 us-gaap Gain Loss On Disposition Of Assets
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1083000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
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46865000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
46943000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs
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1684000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
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1321000 USD
CY2022Q1 us-gaap Amortization Of Debt Discount Premium
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403000 USD
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
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CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
5866000 USD
CY2021Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
0 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
122000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-298000 USD
CY2022Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021Q1 us-gaap Asset Impairment Charges
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5946000 USD
CY2022Q1 us-gaap Share Based Compensation
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5184000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2752000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
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6946000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
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5708000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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4254000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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4192000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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1331000 USD
CY2022Q1 us-gaap Increase Decrease In Deferred Revenue
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1449000 USD
CY2021Q1 us-gaap Increase Decrease In Deferred Revenue
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CY2022Q1 us-gaap Increase Decrease In Interest Payable Net
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-10900000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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713869000 USD
CY2021Q1 us-gaap Increase Decrease In Interest Payable Net
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7082000 USD
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10291000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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-29008000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Productive Assets
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34125000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Productive Assets
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3990000 USD
CY2022Q1 us-gaap Payments For Capital Improvements
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24334000 USD
CY2021Q1 us-gaap Payments For Capital Improvements
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9901000 USD
CY2022Q1 rlj Cash Paidto Equity Method Investment Contribution
CashPaidtoEquityMethodInvestmentContribution
0 USD
CY2021Q1 rlj Cash Paidto Equity Method Investment Contribution
CashPaidtoEquityMethodInvestmentContribution
165000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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9791000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Repayments Of Lines Of Credit
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200000000 USD
CY2021Q1 us-gaap Repayments Of Lines Of Credit
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200000000 USD
CY2022Q1 us-gaap Repayments Of Secured Debt
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0 USD
CY2021Q1 us-gaap Repayments Of Secured Debt
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900000 USD
CY2022Q1 us-gaap Repayments Of Unsecured Debt
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0 USD
CY2021Q1 us-gaap Repayments Of Unsecured Debt
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8475000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
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1269000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
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1263000 USD
CY2022Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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6279000 USD
CY2021Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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6279000 USD
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1666000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1650000 USD
CY2022Q1 rlj Paymentsof Distributionson Operating Partnership Units
PaymentsofDistributionsonOperatingPartnershipUnits
3000 USD
CY2021Q1 rlj Paymentsof Distributionson Operating Partnership Units
PaymentsofDistributionsonOperatingPartnershipUnits
3000 USD
CY2022Q1 rlj Cashreceivedfromanoncontrollinginterest
Cashreceivedfromanoncontrollinginterest
156000 USD
CY2021Q1 rlj Cashreceivedfromanoncontrollinginterest
Cashreceivedfromanoncontrollinginterest
99000 USD
CY2022Q1 rlj Cash Paid To A Noncontrolling Interest
CashPaidToANoncontrollingInterest
2589000 USD
CY2021Q1 rlj Cash Paid To A Noncontrolling Interest
CashPaidToANoncontrollingInterest
0 USD
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-218471000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-191568000 USD
CY2022Q1 rlj Operating Partnerships Unit Outstanding
OperatingPartnershipsUnitOutstanding
167615417 shares
CY2022Q1 rlj Direct And Indirect Ownership Interest In Operating Partnerships
DirectAndIndirectOwnershipInterestInOperatingPartnerships
0.995
CY2022Q1 us-gaap Number Of Real Estate Properties
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97 property
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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934790000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
522301000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
681235000 USD
CY2022Q1 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
21400 room
CY2022Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
22 state
CY2022Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
97 property
CY2022Q1 rlj Real Estate Interests Numberof Joint Ventures
RealEstateInterestsNumberofJointVentures
1 joint_venture
CY2022Q1 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2022Q1 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net loss and comprehensive income (loss), shareholders’ equity or cash flows.</span></div>
CY2022Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5627042000 USD
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5668620000 USD
CY2022Q1 us-gaap Use Of Estimates
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<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the 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 have become more challenging, and actual results could differ from those estimates.</span></div>
CY2021Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
5900000 USD
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1400000 USD
CY2022Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
972633000 USD
CY2021Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
975688000 USD
CY2022Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
3964442000 USD
CY2021Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4001875000 USD
CY2022Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
689967000 USD
CY2021Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
691057000 USD
CY2022Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1471994000 USD
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1449504000 USD
CY2022Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4155048000 USD
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4219116000 USD
CY2022Q1 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
46700000 USD
CY2021Q1 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
46800000 USD
CY2021Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1100000 USD
CY2022Q1 us-gaap Revenues
Revenues
242899000 USD
CY2021Q1 us-gaap Revenues
Revenues
119552000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
2210725000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
2409438000 USD
CY2022Q1 rlj Unamortized Debt Issuance Costs On Bonds
UnamortizedDebtIssuanceCostsOnBonds
-12466000 USD
CY2021Q4 rlj Unamortized Debt Issuance Costs On Bonds
UnamortizedDebtIssuanceCostsOnBonds
-13058000 USD
CY2022Q1 rlj Unsecured Debt Gross
UnsecuredDebtGross
818662000 USD
CY2021Q4 rlj Unsecured Debt Gross
UnsecuredDebtGross
1018662000 USD
CY2022Q1 rlj Unamortizeddebtissuancecostsontermloans
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3223000 USD
CY2021Q4 rlj Unamortizeddebtissuancecostsontermloans
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3658000 USD
CY2021Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
0 USD
CY2022Q1 rlj Secured Debt Gross
SecuredDebtGross
408463000 USD
CY2021Q4 rlj Secured Debt Gross
SecuredDebtGross
408554000 USD
CY2022Q1 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
711000 USD
CY2021Q4 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
1062000 USD
CY2022Q1 rlj Mortgage Loan In Cash Trap Event
MortgageLoanInCashTrapEvent
1 loan
CY2021Q4 rlj Mortgage Loan In Cash Trap Event
MortgageLoanInCashTrapEvent
2 loan
CY2022Q1 us-gaap Amortization Of Financing Costs
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1684000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1321000 USD
CY2022Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
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44000 USD
CY2021Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
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-19917000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
24561000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
27895000 USD
CY2022Q1 us-gaap Derivative Liability Notional Amount
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1199662000 USD
CY2021Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
1399655000 USD
CY2022Q1 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
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16035000 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
11200000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-17100000 USD
CY2021Q1 us-gaap Amount Of Ineffectiveness On Net Investment Hedges
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0 USD
CY2022Q1 us-gaap Amount Of Ineffectiveness On Net Investment Hedges
AmountOfIneffectivenessOnNetInvestmentHedges
0 USD
CY2022Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
3300000 USD
CY2021Q1 rlj Reductionof Management Fee Expense
ReductionofManagementFeeExpense
4600000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
2210725000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
2409438000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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0 USD
CY2022Q1 rlj Restricted Cash Reserves Escrows As Percentage Of Revenue Required To Be Maintained Minimum
RestrictedCashReservesEscrowsAsPercentageOfRevenueRequiredToBeMaintainedMinimum
0.030
CY2022Q1 rlj Restricted Cash Reserves Escrows As Percentage Of Revenue Required To Be Maintained Maximum
RestrictedCashReservesEscrowsAsPercentageOfRevenueRequiredToBeMaintainedMaximum
0.050
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
43300000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
48500000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
6828527 shares
CY2022Q1 rlj Number Of Real Estate Properties Operated Under Management Agreements
NumberOfRealEstatePropertiesOperatedUnderManagementAgreements
96 hotel
CY2018Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
29 hotel
CY2022Q1 rlj Number Of Real Estate Properties Operated Under Franchise Agreements
NumberOfRealEstatePropertiesOperatedUnderFranchiseAgreements
66 hotel
CY2018Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
29 hotel
CY2022Q1 rlj Noi Guarantee Termination Payment
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36000000 USD
CY2022Q1 rlj Reductionof Management Fee Expense
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1000000 USD
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
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0.01
CY2021Q1 us-gaap Net Income Loss
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-77985000 USD
CY2022Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6279000 USD
CY2021Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6279000 USD
CY2022Q1 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
26000 USD
CY2021Q1 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
10000 USD
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2022Q1 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
-21552000 USD
CY2021Q1 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
-84274000 USD
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164179661 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
163826009 shares
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.51
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
479047000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
647844000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
43254000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
33391000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
522301000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
681235000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
33911000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
20886000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
134000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3629000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2880000 USD
CY2022Q1 rlj Gross Proceedsfrom Saleof Real Estate Heldforinvestment
GrossProceedsfromSaleofRealEstateHeldforinvestment
35450000 USD
CY2021Q1 rlj Gross Proceedsfrom Saleof Real Estate Heldforinvestment
GrossProceedsfromSaleofRealEstateHeldforinvestment
4410000 USD
CY2022Q1 rlj Disposal Group Costof Dispositionof Property Plantand Equipment
DisposalGroupCostofDispositionofPropertyPlantandEquipment
599000 USD
CY2021Q1 rlj Disposal Group Costof Dispositionof Property Plantand Equipment
DisposalGroupCostofDispositionofPropertyPlantandEquipment
300000 USD
CY2022Q1 rlj Noncash Divestiture Of Other Assets
NoncashDivestitureOfOtherAssets
726000 USD
CY2021Q1 rlj Noncash Divestiture Of Other Assets
NoncashDivestitureOfOtherAssets
120000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
34125000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
3990000 USD
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1454000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9485000 USD

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