2019 Q4 Form 10-Q Financial Statement
#000094539419000035 Filed on November 08, 2019
Income Statement
Concept | 2019 Q4 | 2019 Q3 | 2018 Q3 |
---|---|---|---|
Revenue | $580.9M | $599.8M | $603.2M |
YoY Change | 5.47% | -0.56% | 4.43% |
Cost Of Revenue | $334.9M | $377.9M | $365.5M |
YoY Change | -0.42% | 3.38% | 6.48% |
Gross Profit | $246.0M | $221.9M | $237.6M |
YoY Change | 14.69% | -6.63% | 1.41% |
Gross Profit Margin | 42.35% | 36.99% | 39.4% |
Selling, General & Admin | $17.70M | $12.50M | $13.40M |
YoY Change | -73.42% | -6.72% | 0.0% |
% of Gross Profit | 7.2% | 5.63% | 5.64% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $126.7M | $103.2M | $101.0M |
YoY Change | 23.25% | 2.13% | 2.85% |
% of Gross Profit | 51.5% | 46.49% | 42.51% |
Operating Expenses | $148.4M | $117.3M | $114.4M |
YoY Change | -12.34% | 2.53% | 2.51% |
Operating Profit | $97.60M | $104.6M | $123.2M |
YoY Change | 115.93% | -15.13% | 0.43% |
Interest Expense | -$69.60M | $52.38M | $49.31M |
YoY Change | -54.92% | 6.22% | 5.87% |
% of Operating Profit | -71.31% | 50.08% | 40.01% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$13.10M | $40.46M | $117.0M |
YoY Change | -88.0% | -65.41% | 35.52% |
Income Tax | $1.500M | $467.0K | $707.0K |
% Of Pretax Income | 1.15% | 0.6% | |
Net Earnings | -$14.89M | $40.07M | $117.1M |
YoY Change | -86.32% | -65.78% | 36.59% |
Net Earnings / Revenue | -2.56% | 6.68% | 19.41% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$90.63K | $244.1K | $712.7K |
COMMON SHARES | |||
Basic Shares Outstanding | 164.6M shares | 164.3M shares | 164.2M shares |
Diluted Shares Outstanding | 164.3M shares | 164.3M shares |
Balance Sheet
Concept | 2019 Q4 | 2019 Q3 | 2018 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $27.60M | $17.00M | $19.80M |
YoY Change | 6.15% | -14.14% | 36.55% |
Cash & Equivalents | $27.63M | $16.99M | $19.85M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $68.70M | $72.60M | $88.20M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $96.30M | $89.60M | $108.0M |
YoY Change | -17.83% | -17.04% | 20.4% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $8.264B | $8.214B | $6.639B |
YoY Change | 26.18% | 23.73% | -0.44% |
Goodwill | |||
YoY Change | |||
Intangibles | $378.5M | ||
YoY Change | 257.97% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $141.1M | $658.5M | $65.60M |
YoY Change | 182.2% | 903.81% | -10.26% |
Total Long-Term Assets | $8.938B | $9.426B | $7.144B |
YoY Change | 26.6% | 31.95% | 1.26% |
TOTAL ASSETS | |||
Total Short-Term Assets | $96.30M | $89.60M | $108.0M |
Total Long-Term Assets | $8.938B | $9.426B | $7.144B |
Total Assets | $9.034B | $9.516B | $7.252B |
YoY Change | 25.87% | 31.22% | 1.5% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $356.1M | $311.1M | $188.8M |
YoY Change | 29.87% | 64.78% | -9.1% |
Accrued Expenses | |||
YoY Change | |||
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 | $465.5M | $433.9M | $322.6M |
YoY Change | 14.37% | 34.5% | -3.5% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $6.063B | $6.473B | $4.136B |
YoY Change | 45.29% | 56.48% | 2.88% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $6.063B | $6.473B | $4.136B |
YoY Change | 45.29% | 56.48% | 2.88% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $465.5M | $433.9M | $322.6M |
Total Long-Term Liabilities | $6.063B | $6.473B | $4.136B |
Total Liabilities | $6.528B | $6.907B | $4.459B |
YoY Change | 42.55% | 54.89% | 2.39% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $3.492B | $3.507B | $3.684B |
YoY Change | 8.04% | -4.82% | 12.37% |
Common Stock | $1.646M | $1.646M | $1.644M |
YoY Change | 0.12% | 0.12% | 0.06% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.506B | $2.609B | $2.793B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $9.034B | $9.516B | $7.252B |
YoY Change | 25.87% | 31.22% | 1.5% |
Cashflow Statement
Concept | 2019 Q4 | 2019 Q3 | 2018 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$14.89M | $40.07M | $117.1M |
YoY Change | -86.32% | -65.78% | 36.59% |
Depreciation, Depletion And Amortization | $126.7M | $103.2M | $101.0M |
YoY Change | 23.25% | 2.13% | 2.85% |
Cash From Operating Activities | $185.2M | $192.6M | $140.0M |
YoY Change | -4.34% | 37.57% | -7.41% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$133.5M | -$2.518B | -$48.20M |
YoY Change | 28.24% | 5123.86% | -81.81% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $461.0M | $59.80M | -$29.60M |
YoY Change | -1106.55% | -302.03% | 2366.67% |
Cash From Investing Activities | $327.5M | -$2.458B | -$77.80M |
YoY Change | -318.62% | 3059.38% | -70.77% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -501.9M | 2.283B | -66.70M |
YoY Change | 845.2% | -3522.04% | -170.88% |
NET CHANGE | |||
Cash From Operating Activities | 185.2M | 192.6M | 140.0M |
Cash From Investing Activities | 327.5M | -2.458B | -77.80M |
Cash From Financing Activities | -501.9M | 2.283B | -66.70M |
Net Change In Cash | 10.80M | 17.10M | -4.500M |
YoY Change | -216.13% | -480.0% | -78.47% |
FREE CASH FLOW | |||
Cash From Operating Activities | $185.2M | $192.6M | $140.0M |
Capital Expenditures | -$133.5M | -$2.518B | -$48.20M |
Free Cash Flow | $318.7M | $2.710B | $188.2M |
YoY Change | 7.05% | 1340.22% | -54.78% |
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|
-160000 | USD | |
CY2019Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
40458000 | USD |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
116976000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
275292000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
295662000 | USD | |
CY2019Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
467000 | USD |
CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
707000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1266000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1949000 | USD | |
CY2019Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
83000 | USD |
CY2018Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
830000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
617000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
881000 | USD | |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
40074000 | USD |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
117099000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
274643000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
294594000 | USD | |
CY2019Q3 | svc |
Other Comprehensive Income Loss Net Of Tax Equity Interest In Investees Unrealized Gains Losses
OtherComprehensiveIncomeLossNetOfTaxEquityInterestInInvesteesUnrealizedGainsLosses
|
-46000 | USD |
CY2018Q3 | svc |
Other Comprehensive Income Loss Net Of Tax Equity Interest In Investees Unrealized Gains Losses
OtherComprehensiveIncomeLossNetOfTaxEquityInterestInInvesteesUnrealizedGainsLosses
|
173000 | USD |
svc |
Other Comprehensive Income Loss Net Of Tax Equity Interest In Investees Unrealized Gains Losses
OtherComprehensiveIncomeLossNetOfTaxEquityInterestInInvesteesUnrealizedGainsLosses
|
91000 | USD | |
svc |
Other Comprehensive Income Loss Net Of Tax Equity Interest In Investees Unrealized Gains Losses
OtherComprehensiveIncomeLossNetOfTaxEquityInterestInInvesteesUnrealizedGainsLosses
|
90000 | USD | |
CY2019Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-46000 | USD |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
173000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
91000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
90000 | USD | |
CY2019Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
40028000 | USD |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
117272000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
274734000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
294684000 | USD | |
CY2019Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
164321000 | shares |
CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
164232000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
164294000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
164212000 | shares | |
CY2019Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
164348000 | shares |
CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
164274000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
164332000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
164242000 | shares | |
CY2019Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.24 | |
CY2018Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.71 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
1.67 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
1.79 | ||
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2597431000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
225787000 | USD |
CY2019Q1 | svc |
Other Comprehensive Loss Netof Tax Attributableto Parent
OtherComprehensiveLossNetofTaxAttributabletoParent
|
-66000 | USD |
CY2019Q1 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
436000 | USD |
CY2019Q1 | us-gaap |
Dividends
Dividends
|
87154000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2736566000 | USD |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8782000 | USD |
CY2019Q2 | svc |
Other Comprehensive Loss Netof Tax Attributableto Parent
OtherComprehensiveLossNetofTaxAttributabletoParent
|
-71000 | USD |
CY2019Q2 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
869000 | USD |
CY2019Q2 | svc |
Stock Repurchased And Forfeitured During Period Value
StockRepurchasedAndForfeituredDuringPeriodValue
|
48000 | USD |
CY2019Q2 | us-gaap |
Dividends
Dividends
|
88798000 | USD |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2657442000 | USD |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
40074000 | USD |
CY2019Q3 | svc |
Other Comprehensive Loss Netof Tax Attributableto Parent
OtherComprehensiveLossNetofTaxAttributabletoParent
|
46000 | USD |
CY2019Q3 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
1068000 | USD |
CY2019Q3 | svc |
Stock Repurchased And Forfeitured During Period Value
StockRepurchasedAndForfeituredDuringPeriodValue
|
749000 | USD |
CY2019Q3 | us-gaap |
Dividends
Dividends
|
88803000 | USD |
CY2019Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2608986000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2755422000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
80206000 | USD |
CY2018Q1 | svc |
Other Comprehensive Loss Netof Tax Attributableto Parent
OtherComprehensiveLossNetofTaxAttributabletoParent
|
93000 | USD |
CY2018Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
101000 | USD |
CY2018Q1 | us-gaap |
Dividends
Dividends
|
85460000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2749974000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
97289000 | USD |
CY2018Q2 | svc |
Other Comprehensive Loss Netof Tax Attributableto Parent
OtherComprehensiveLossNetofTaxAttributabletoParent
|
-10000 | USD |
CY2018Q2 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
501000 | USD |
CY2018Q2 | us-gaap |
Dividends
Dividends
|
87105000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2760669000 | USD |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
117099000 | USD |
CY2018Q3 | svc |
Other Comprehensive Loss Netof Tax Attributableto Parent
OtherComprehensiveLossNetofTaxAttributabletoParent
|
-173000 | USD |
CY2018Q3 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
2243000 | USD |
CY2018Q3 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
500000 | USD |
CY2018Q3 | us-gaap |
Dividends
Dividends
|
87113000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2792571000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
274643000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
294594000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
301721000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
300308000 | USD | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
7829000 | USD | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
7607000 | USD | |
us-gaap |
Straight Line Rent
StraightLineRent
|
-7368000 | USD | |
us-gaap |
Straight Line Rent
StraightLineRent
|
9359000 | USD | |
svc |
Security Deposits Received Or Replenished Applied To Payment Shortfalls
SecurityDepositsReceivedOrReplenishedAppliedToPaymentShortfalls
|
-10052000 | USD | |
svc |
Security Deposits Received Or Replenished Applied To Payment Shortfalls
SecurityDepositsReceivedOrReplenishedAppliedToPaymentShortfalls
|
7687000 | USD | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-8451000 | USD | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-160000 | USD | |
us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-43761000 | USD | |
us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
89348000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
617000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
881000 | USD | |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
159535000 | USD | |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
0 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-109000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
2226000 | USD | |
us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-3609000 | USD | |
us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
585000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
6352000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
8627000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
12743000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-21259000 | USD | |
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
-51148000 | USD | |
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
-74667000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
432530000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
403404000 | USD | |
svc |
Paymentsto Acquire Real Estate Netof Deposits
PaymentstoAcquireRealEstateNetofDeposits
|
2659186000 | USD | |
svc |
Paymentsto Acquire Real Estate Netof Deposits
PaymentstoAcquireRealEstateNetofDeposits
|
95208000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
71024000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
111248000 | USD | |
svc |
Property Managers Purchases With Restricted Cash
PropertyManagersPurchasesWithRestrictedCash
|
143692000 | USD | |
svc |
Property Managers Purchases With Restricted Cash
PropertyManagersPurchasesWithRestrictedCash
|
89401000 | USD | |
svc |
Property Managers Deposit Of Insurance Proceeds Into Restricted Cash
PropertyManagersDepositOfInsuranceProceedsIntoRestrictedCash
|
14325000 | USD | |
svc |
Property Managers Deposit Of Insurance Proceeds Into Restricted Cash
PropertyManagersDepositOfInsuranceProceedsIntoRestrictedCash
|
18000000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
|
308200000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
|
0 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
93892000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
0 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2457485000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-277857000 | USD | |
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
1693879000 | USD | |
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
389976000 | USD | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
997000000 | USD | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
395000000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
384000000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
650000000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
21869000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
12242000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
794000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
606000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
264755000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
259678000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2019461000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-137550000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-5494000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-12003000 | USD | |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
76003000 | USD |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
97496000 | USD |
CY2019Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
70509000 | USD |
CY2018Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
85493000 | USD |
CY2019Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
16990000 | USD |
CY2018Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
19849000 | USD |
CY2019Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
53519000 | USD |
CY2018Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
65644000 | USD |
CY2019Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
70509000 | USD |
CY2018Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
85493000 | USD |
us-gaap |
Interest Paid Net
InterestPaidNet
|
171418000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
158056000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
2614000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
2804000 | USD | |
CY2019Q3 | svc |
Ownership Percentage Held In Subsidiary
OwnershipPercentageHeldInSubsidiary
|
1 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="line-height:120%;padding-bottom:13px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect reported amounts. Actual results could differ from those estimates. Significant estimates in our condensed consolidated financial statements include the allowance for doubtful accounts, purchase price allocations, useful lives of fixed assets, impairment of real estate and the valuation of intangible assets.</span></div> | ||
CY2019Q3 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
33794000 | USD |
CY2018Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
31917000 | USD |
CY2019Q3 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
148017000 | USD |
CY2018Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
148459000 | USD |
CY2019Q3 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
-3046000 | USD |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
-7368000 | USD | |
CY2018Q3 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
3136000 | USD |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
9359000 | USD | |
CY2019Q3 | svc |
Straight Line Rent Receivables
StraightLineRentReceivables
|
3135000 | USD |
CY2018Q4 | svc |
Straight Line Rent Receivables
StraightLineRentReceivables
|
3073000 | USD |
CY2019Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
164321000 | shares |
CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
164232000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
164294000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
164212000 | shares | |
CY2019Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
27000 | shares |
CY2018Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
42000 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
38000 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
30000 | shares | |
CY2019Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
164348000 | shares |
CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
164274000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
164332000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
164242000 | shares | |
CY2019Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
1642 | shares |
CY2019Q2 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
26.64 | |
CY2019Q3 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
5041 | shares |
CY2019Q3 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
25.20 | |
CY2019Q3 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
24293 | shares |
CY2019Q3 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
25.64 | |
CY2019Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.53 | |
CY2019Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
87154000 | USD |
CY2019Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.54 | |
CY2019Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
88798000 | USD |
CY2019Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.54 | |
CY2019Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
88803000 | USD |
CY2019Q3 | svc |
Number Of Properties Acquired
NumberOfPropertiesAcquired
|
767 | retail_property |
CY2019Q3 | svc |
Number Of States In Which Property Is Located
NumberOfStatesInWhichPropertyIsLocated
|
45 | state |
CY2019Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-8451000 | USD |
CY2019Q3 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
946 | retail_property |
CY2019Q3 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
17600000 | sqft |
CY2019Q3 | svc |
Real Estate Investment Property And Real Estate Heldforsale At Cost
RealEstateInvestmentPropertyAndRealEstateHeldforsaleAtCost
|
11905525000 | USD |
CY2019Q3 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
604989000 | USD |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
2656425000 | USD | |
CY2019Q3 | svc |
Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Land
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
|
436537000 | USD |
CY2019Q3 | svc |
Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Land Improvements
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLandImprovements
|
1204000 | USD |
CY2019Q3 | svc |
Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Building And Improvements
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingAndImprovements
|
1320466000 | USD |
CY2019Q3 | svc |
Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Furniture Fixtures And Equipment
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFurnitureFixturesAndEquipment
|
5815000 | USD |
CY2019Q3 | svc |
Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Assets Held For Sale
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsHeldForSale
|
604989000 | USD |
CY2019Q3 | svc |
Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets
|
287414000 | USD |
CY2019Q3 | svc |
Number Of Properties Acquired
NumberOfPropertiesAcquired
|
767 | retail_property |
CY2019Q3 | us-gaap |
Net Rentable Area
NetRentableArea
|
12400000 | sqft |
CY2019Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
436348000 | USD |
CY2019Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
428645000 | USD |
CY2019Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
|
412430000 | USD |
CY2019Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
|
3260594000 | USD |
CY2019Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
5162710000 | USD |
CY2019Q3 | svc |
Number Of Real Estate Properties Subject To Lease
NumberOfRealEstatePropertiesSubjectToLease
|
1 | triple_net_property |
CY2019Q3 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
2482382000 | USD |
CY2019Q3 | svc |
Payments To Acquire Real Estate Cash Consideration
PaymentsToAcquireRealEstateCashConsideration
|
2384577000 | USD |
CY2019Q3 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
82069000 | USD |
CY2019Q3 | svc |
Asset Acquisition Acquisition Costs Capitalized
AssetAcquisitionAcquisitionCostsCapitalized
|
15736000 | USD |
CY2019Q3 | svc |
Number Of Tenants
NumberOfTenants
|
279 | tenant |
CY2019Q3 | svc |
Asset Acquisition Number Of Industries
AssetAcquisitionNumberOfIndustries
|
23 | industry |
CY2019Q3 | svc |
Asset Acquisition Number Of Brands
AssetAcquisitionNumberOfBrands
|
163 | brand |
CY2019Q3 | svc |
Number Of States In Which Property Is Located
NumberOfStatesInWhichPropertyIsLocated
|
45 | state |
us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
5900000 | USD | |
CY2019Q3 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
946 | retail_property |
CY2019Q3 | svc |
Number Of Tenants
NumberOfTenants
|
279 | tenant |
CY2019Q3 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
946 | retail_property |
CY2019Q3 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
17600000 | sqft |
CY2019Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P11Y3M18D | |
CY2019Q3 | svc |
Percentage Of Portfolio Leased By Tenants
PercentageOfPortfolioLeasedByTenants
|
0.98 | |
CY2019Q3 | svc |
Number Of Tenants
NumberOfTenants
|
279 | tenant |
CY2019Q3 | svc |
Asset Acquisition Number Of Brands
AssetAcquisitionNumberOfBrands
|
163 | brand |
CY2019Q3 | svc |
Asset Acquisition Number Of Industries
AssetAcquisitionNumberOfIndustries
|
23 | industry |
CY2019Q3 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
|
604989000 | USD |
CY2019Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
184600000 | USD |
CY2019Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
440093000 | USD |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
1841000 | USD |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
6910000 | USD |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
6229000 | USD |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
5691000 | USD |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
5564000 | USD |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
145374000 | USD |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
171609000 | USD |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
95385000 | USD |
CY2019Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
76224000 | USD |
CY2019Q3 | svc |
Number Of Real Estate Properties Subject To Lease
NumberOfRealEstatePropertiesSubjectToLease
|
15 | lease_agreement |
CY2019Q3 | svc |
Number Of Real Estate Properties Subject To Lease
NumberOfRealEstatePropertiesSubjectToLease
|
15 | lease_agreement |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="line-height:120%;padding-bottom:13px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Note 9. Business and Property Management Agreements with RMR LLC</span></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We have </span><span style="font-family:inherit;font-size:10pt;"><span>no</span></span><span style="font-family:inherit;font-size:10pt;"> employees. The personnel and various services we require to operate our business are provided to us by RMR LLC. We have </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> agreements with RMR LLC to provide management services to us: (1) a business management agreement, which relates to our business generally; and (2) a property management agreement, which currently relates to our property level operations of the office building component of one of our hotels for the periods presented and, beginning on </span><span style="font-family:inherit;font-size:10pt;">September 20, 2019</span><span style="font-family:inherit;font-size:10pt;">, also includes the </span><span style="font-family:inherit;font-size:10pt;"><span>767</span></span><span style="font-family:inherit;font-size:10pt;"> properties we acquired pursuant to the SMTA Transaction.</span></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Pursuant to our business management agreement, we recognized net business management fees of </span><span style="font-family:inherit;font-size:10pt;"><span>$9,919</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$10,430</span></span><span style="font-family:inherit;font-size:10pt;"> for the three months ended </span><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, respectively, and </span><span style="font-family:inherit;font-size:10pt;"><span>$29,307</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$30,048</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">nine</span><span style="font-family:inherit;font-size:10pt;"> months ended </span><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, respectively. Based on our common share total return, as defined in our business management agreement, as of </span><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span><span style="font-family:inherit;font-size:10pt;">, no incentive fees are included in the net business management fees we recognized for the three and </span><span style="font-family:inherit;font-size:10pt;">nine</span><span style="font-family:inherit;font-size:10pt;"> months ended </span><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span><span style="font-family:inherit;font-size:10pt;">. The actual amount of annual incentive fees for </span><span style="font-family:inherit;font-size:10pt;">2019</span><span style="font-family:inherit;font-size:10pt;">, if any, will be based on our common share total return, as defined in our business management agreement, for the </span><span style="font-family:inherit;font-size:10pt;">three</span><span style="font-family:inherit;font-size:10pt;"> year period ending </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, and will be payable in </span><span style="font-family:inherit;font-size:10pt;">2020</span><span style="font-family:inherit;font-size:10pt;">. The net business management fees we recognized for the </span><span style="font-family:inherit;font-size:10pt;">three and nine</span><span style="font-family:inherit;font-size:10pt;"> months ended </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> did not include any estimated incentive fees. In January </span><span style="font-family:inherit;font-size:10pt;">2019</span><span style="font-family:inherit;font-size:10pt;">, we paid RMR LLC an incentive fee of </span><span style="font-family:inherit;font-size:10pt;"><span>$53,635</span></span><span style="font-family:inherit;font-size:10pt;"> for </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">. We include business management fee amounts in general and administrative expenses in our condensed consolidated statements of comprehensive income.</span></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Pursuant to our property management agreement with RMR LLC, we recognized property management fees of </span><span style="font-family:inherit;font-size:10pt;"><span>$163</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$18</span></span><span style="font-family:inherit;font-size:10pt;"> for the three months ended </span><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, respectively, and </span><span style="font-family:inherit;font-size:10pt;"><span>$201</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$43</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">nine</span><span style="font-family:inherit;font-size:10pt;"> months ended </span><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, respectively. These amounts are included in other operating expenses in our condensed consolidated statements of comprehensive income. </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We are generally responsible for all our operating expenses, including certain expenses incurred or arranged by RMR LLC on our behalf. We are generally not responsible for payment of RMR LLC’s employment, office or administrative expenses incurred to provide management services to us, except for the employment and related expenses of RMR LLC employees assigned to work exclusively or partly at the properties that are subject to the property management agreement, our share of the wages, benefits and other related costs of RMR LLC’s centralized accounting personnel, our share of RMR LLC’s costs for providing our internal audit function, and as otherwise agreed. We reimbursed RMR LLC </span><span style="font-family:inherit;font-size:10pt;"><span>$136</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$106</span></span><span style="font-family:inherit;font-size:10pt;"> for these expenses and costs for the three months ended </span><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, respectively, and </span><span style="font-family:inherit;font-size:10pt;"><span>$478</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$340</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">nine</span><span style="font-family:inherit;font-size:10pt;"> months ended </span><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, respectively. We included these amounts in other operating expenses and selling, general and administrative expenses, as applicable, in our condensed consolidated statements of comprehensive income.</span></div> | ||
CY2019Q3 | dei |
Entity Number Of Employees
EntityNumberOfEmployees
|
0 | employee |
CY2019Q3 | svc |
Number Of Properties Acquired
NumberOfPropertiesAcquired
|
767 | retail_property |
CY2019Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
467000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1266000 | USD | |
CY2019Q3 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
229000 | USD |
us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
447000 | USD | |
CY2019Q3 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
238000 | USD |
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
819000 | USD | |
CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
707000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1949000 | USD | |
CY2018Q3 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
291000 | USD |
us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
631000 | USD | |
CY2018Q3 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
416000 | USD |
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
1318000 | USD | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment | |
CY2019Q3 | us-gaap |
Revenues
Revenues
|
599772000 | USD |
CY2019Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
377895000 | USD |
CY2019Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
1707000 | USD |
CY2019Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
103160000 | USD |
CY2019Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
12464000 | USD |
CY2019Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
495226000 | USD |
CY2019Q3 | us-gaap |
Other Interest And Dividend Income
OtherInterestAndDividendIncome
|
0 | USD |
CY2019Q3 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-3950000 | USD |
CY2019Q3 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
688000 | USD |
CY2019Q3 | us-gaap |
Interest Expense
InterestExpense
|
52375000 | USD |
CY2019Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-8451000 | USD |
CY2019Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
40458000 | USD |
CY2019Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
467000 | USD |
CY2019Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
83000 | USD |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
40074000 | USD |
us-gaap |
Revenues
Revenues
|
1735242000 | USD | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1076011000 | USD | |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
4419000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
301721000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
36906000 | USD | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
1419057000 | USD | |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
159535000 | USD | |
us-gaap |
Other Interest And Dividend Income
OtherInterestAndDividendIncome
|
1752000 | USD | |
us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-43761000 | USD | |
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
1774000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
151742000 | USD | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-8451000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
275292000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1266000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
617000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
274643000 | USD | |
CY2019Q3 | us-gaap |
Assets
Assets
|
9515503000 | USD |
CY2018Q3 | us-gaap |
Revenues
Revenues
|
603153000 | USD |
CY2018Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
365526000 | USD |
CY2018Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
1468000 | USD |
CY2018Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
101007000 | USD |
CY2018Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
13425000 | USD |
CY2018Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
481426000 | USD |
CY2018Q3 | us-gaap |
Other Interest And Dividend Income
OtherInterestAndDividendIncome
|
626000 | USD |
CY2018Q3 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
43453000 | USD |
CY2018Q3 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
478000 | USD |
CY2018Q3 | us-gaap |
Interest Expense
InterestExpense
|
49308000 | USD |
CY2018Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
116976000 | USD |
CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
707000 | USD |
CY2018Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
830000 | USD |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
117099000 | USD |
us-gaap |
Revenues
Revenues
|
1743737000 | USD | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1052121000 | USD | |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
3936000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
300308000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
38280000 | USD | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
1394645000 | USD | |
us-gaap |
Other Interest And Dividend Income
OtherInterestAndDividendIncome
|
1878000 | USD | |
us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
89348000 | USD | |
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
1093000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
145589000 | USD | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-160000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
295662000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1949000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
881000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
294594000 | USD | |
CY2018Q4 | us-gaap |
Assets
Assets
|
7177079000 | USD |
CY2019Q3 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
|
604989000 | USD |