2020 Q4 Form 10-Q Financial Statement

#000094539420000038 Filed on November 09, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $270.0M $296.5M $599.8M
YoY Change -53.52% -50.57% -0.56%
Cost Of Revenue $205.0M $174.8M $377.9M
YoY Change -38.79% -53.74% 3.38%
Gross Profit $65.00M $121.7M $221.9M
YoY Change -73.58% -45.15% -6.63%
Gross Profit Margin 24.07% 41.05% 36.99%
Selling, General & Admin $13.00M $12.30M $12.50M
YoY Change -26.55% -1.6% -6.72%
% of Gross Profit 20.0% 10.11% 5.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $121.3M $122.2M $103.2M
YoY Change -4.26% 18.46% 2.13%
% of Gross Profit 186.62% 100.41% 46.49%
Operating Expenses $138.6M $138.3M $117.3M
YoY Change -6.6% 17.9% 2.53%
Operating Profit -$73.60M -$16.60M $104.6M
YoY Change -175.41% -115.87% -15.13%
Interest Expense -$67.30M $80.53M $52.38M
YoY Change -3.3% 53.76% 6.22%
% of Operating Profit 50.08%
Other Income/Expense, Net
YoY Change
Pretax Income -$131.6M -$101.6M $40.46M
YoY Change 904.58% -351.05% -65.41%
Income Tax $500.0K -$296.0K $467.0K
% Of Pretax Income 1.15%
Net Earnings -$137.7M -$102.6M $40.07M
YoY Change 824.6% -356.13% -65.78%
Net Earnings / Revenue -51.0% -34.62% 6.68%
Basic Earnings Per Share -$0.62
Diluted Earnings Per Share -$837.1K -$0.62 $244.1K
COMMON SHARES
Basic Shares Outstanding 164.8M shares 164.4M shares 164.3M shares
Diluted Shares Outstanding 164.4M shares 164.3M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.30M $47.80M $17.00M
YoY Change 165.58% 181.18% -14.14%
Cash & Equivalents $73.33M $47.85M $16.99M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $55.50M $58.60M $72.60M
Other Receivables $16.30M $13.40M $0.00
Total Short-Term Assets $145.1M $119.8M $89.60M
YoY Change 50.67% 33.71% -17.04%
LONG-TERM ASSETS
Property, Plant & Equipment $7.882B $7.863B $8.214B
YoY Change -4.62% -4.27% 23.73%
Goodwill
YoY Change
Intangibles $325.8M
YoY Change -13.92%
Long-Term Investments $36.70M $43.10M
YoY Change
Other Assets $31.70M $229.3M $658.5M
YoY Change -77.53% -65.18% 903.81%
Total Long-Term Assets $8.542B $8.677B $9.426B
YoY Change -4.42% -7.95% 31.95%
TOTAL ASSETS
Total Short-Term Assets $145.1M $119.8M $89.60M
Total Long-Term Assets $8.542B $8.677B $9.426B
Total Assets $8.687B $8.797B $9.516B
YoY Change -3.84% -7.55% 31.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $375.6M $342.1M $311.1M
YoY Change 5.48% 9.96% 64.78%
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 $375.9M $342.4M $433.9M
YoY Change -19.25% -21.09% 34.5%
LONG-TERM LIABILITIES
Long-Term Debt $6.209B $6.212B $6.473B
YoY Change 2.41% -4.02% 56.48%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $6.209B $6.212B $6.473B
YoY Change 2.41% -4.02% 56.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $375.9M $342.4M $433.9M
Total Long-Term Liabilities $6.209B $6.212B $6.473B
Total Liabilities $6.585B $6.555B $6.907B
YoY Change 0.86% -5.1% 54.89%
SHAREHOLDERS EQUITY
Retained Earnings $3.180B $3.318B $3.507B
YoY Change -8.92% -5.38% -4.82%
Common Stock $1.648M $1.648M $1.646M
YoY Change 0.12% 0.12% 0.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.103B $2.242B $2.609B
YoY Change
Total Liabilities & Shareholders Equity $8.687B $8.797B $9.516B
YoY Change -3.84% -7.55% 31.22%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$137.7M -$102.6M $40.07M
YoY Change 824.6% -356.13% -65.78%
Depreciation, Depletion And Amortization $121.3M $122.2M $103.2M
YoY Change -4.26% 18.46% 2.13%
Cash From Operating Activities -$27.90M $16.70M $192.6M
YoY Change -115.06% -91.33% 37.57%
INVESTING ACTIVITIES
Capital Expenditures -$14.50M -$8.800M -$2.518B
YoY Change -89.14% -99.65% 5123.86%
Acquisitions
YoY Change
Other Investing Activities $62.20M -$16.00M $59.80M
YoY Change -86.51% -126.76% -302.03%
Cash From Investing Activities $47.70M -$24.70M -$2.458B
YoY Change -85.44% -99.0% 3059.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.30M 44.10M 2.283B
YoY Change -97.15% -98.07% -3522.04%
NET CHANGE
Cash From Operating Activities -27.90M 16.70M 192.6M
Cash From Investing Activities 47.70M -24.70M -2.458B
Cash From Financing Activities -14.30M 44.10M 2.283B
Net Change In Cash 5.500M 36.10M 17.10M
YoY Change -49.07% 111.11% -480.0%
FREE CASH FLOW
Cash From Operating Activities -$27.90M $16.70M $192.6M
Capital Expenditures -$14.50M -$8.800M -$2.518B
Free Cash Flow -$13.40M $25.50M $2.710B
YoY Change -104.2% -99.06% 1340.22%

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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164435000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164321000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164397000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164294000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164435000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164348000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164397000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164332000 shares
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
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-0.62
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.24
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.06
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.67
CY2019Q4 us-gaap Stockholders Equity
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2505878000 USD
CY2020Q1 us-gaap Net Income Loss
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-33650000 USD
CY2020Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
590000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
43000 USD
CY2020Q1 us-gaap Dividends
Dividends
90509000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
2736566000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
2382266000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-37349000 USD
CY2020Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
831000 USD
CY2020Q2 svc Stock Repurchased And Forfeitured During Period Value
StockRepurchasedAndForfeituredDuringPeriodValue
27000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
2345721000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-102642000 USD
CY2020Q3 us-gaap Oci Equity Method Investment After Tax
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63000 USD
CY2020Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
871000 USD
CY2020Q3 svc Stock Repurchased And Forfeitured During Period Value
StockRepurchasedAndForfeituredDuringPeriodValue
283000 USD
CY2020Q3 us-gaap Dividends
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1646000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
2242084000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
2597431000 USD
CY2019Q1 us-gaap Net Income Loss
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225787000 USD
CY2019Q1 us-gaap Oci Equity Method Investment After Tax
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66000 USD
CY2019Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
436000 USD
CY2019Q1 us-gaap Dividends
Dividends
87154000 USD
CY2019Q2 us-gaap Net Income Loss
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8782000 USD
CY2019Q2 us-gaap Oci Equity Method Investment After Tax
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71000 USD
CY2019Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
869000 USD
CY2019Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
-46000 USD
CY2019Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
1068000 USD
CY2019Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
749000 USD
CY2019Q3 us-gaap Dividends
Dividends
88803000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
2608986000 USD
us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
274643000 USD
us-gaap Depreciation Depletion And Amortization
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377557000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
301721000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
10651000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7829000 USD
us-gaap Straight Line Rent
StraightLineRent
-298000 USD
us-gaap Straight Line Rent
StraightLineRent
-7368000 USD
svc Security Deposits Received Or Replenished Applied To Payment Shortfalls
SecurityDepositsReceivedOrReplenishedAppliedToPaymentShortfalls
-109162000 USD
svc Security Deposits Received Or Replenished Applied To Payment Shortfalls
SecurityDepositsReceivedOrReplenishedAppliedToPaymentShortfalls
-10052000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-6970000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-8451000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
55502000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
4409000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-43761000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4305000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
617000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-9655000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
159535000 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
62386000 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15650000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2324000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-109000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-171000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-3609000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
45844000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
6352000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-15585000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
12743000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-1884000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-51148000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
65524000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
432530000 USD
svc Payments To Acquire Real Estate Net Of Deposits
PaymentsToAcquireRealEstateNetOfDeposits
7090000 USD
svc Payments To Acquire Real Estate Net Of Deposits
PaymentsToAcquireRealEstateNetOfDeposits
2659186000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
54603000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
71024000 USD
svc Property Managers Purchases With Restricted Cash
PropertyManagersPurchasesWithRestrictedCash
127837000 USD
svc Property Managers Purchases With Restricted Cash
PropertyManagersPurchasesWithRestrictedCash
143692000 USD
svc Property Managers Deposit Withdrawal Of Insurance Proceeds Into Restricted Cash
PropertyManagersDepositWithdrawalOfInsuranceProceedsIntoRestrictedCash
34238000 USD
svc Property Managers Deposit Withdrawal Of Insurance Proceeds Into Restricted Cash
PropertyManagersDepositWithdrawalOfInsuranceProceedsIntoRestrictedCash
14325000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
67811000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
308200000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
286000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
93892000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-99520000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2457485000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
800000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
1693879000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
355971000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
709000000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16990000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
997000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1005914000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
384000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
15900000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
21869000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
346000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
794000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
92155000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
264755000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38714000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2019461000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4718000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5494000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81259000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76003000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85977000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
70509000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47847000 USD
CY2020Q3 us-gaap Restricted Cash
RestrictedCash
38130000 USD
CY2019Q3 us-gaap Restricted Cash
RestrictedCash
53519000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85977000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
70509000 USD
us-gaap Interest Paid Net
InterestPaidNet
226329000 USD
us-gaap Interest Paid Net
InterestPaidNet
171418000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2117000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2614000 USD
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
42000000 USD
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
0 USD
CY2020Q3 svc Ownership Percentage Held In Subsidiary
OwnershipPercentageHeldInSubsidiary
1
us-gaap Use Of Estimates
UseOfEstimates
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.
CY2020Q3 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
2370000 USD
CY2019Q3 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-3046000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-298000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-7368000 USD
CY2020Q3 svc Straight Line Rent Receivables
StraightLineRentReceivables
13377000 USD
CY2019Q4 svc Straight Line Rent Receivables
StraightLineRentReceivables
4054000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164435000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164321000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164397000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164294000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
27000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
38000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164435000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164348000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164397000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164332000 shares
CY2020Q3 svc Real Estate Investment Property And Real Estate Held For Sale At Cost
RealEstateInvestmentPropertyAndRealEstateHeldForSaleAtCost
11267175000 USD
CY2020Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
191202000 USD
CY2020Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
109000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-9655000 USD
CY2020Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
121451 sqft
CY2020Q3 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-123000 USD
CY2019Q3 svc Security Deposits Replenished
SecurityDepositsReplenished
2405000 USD
svc Security Deposits Replenished
SecurityDepositsReplenished
8519000 USD
CY2020Q3 svc Security Deposits Replenished
SecurityDepositsReplenished
0 USD
svc Security Deposits Replenished
SecurityDepositsReplenished
0 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.54
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
88863000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1646000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1646000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.56
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
92155000 USD
CY2020Q1 svc Number Of New Trustees
NumberOfNewTrustees
2 trustee
CY2020Q2 svc Number Of New Trustees
NumberOfNewTrustees
7 trustee
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2637 shares
CY2020Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
16.36
CY2020Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3808 shares
CY2020Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
7.09
CY2020Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
38156 shares
CY2020Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
7.40
us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-bottom:10pt;margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Note 9. Business and Property Management Agreements with RMR LLC</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have no employees. The personnel and various services we require to operate our business are provided to us by RMR LLC. We have two 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 relates to our property level operations of our net lease portfolio, excluding properties leased to TA, and the office building component of one of our hotels.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to our business management agreement, we recognized net business management fees of $8,641 and $9,919 for the three months ended September 30, 2020 and 2019, respectively, and $27,613 and $29,307 for the nine months ended September 30, 2020 and 2019, respectively. Based on our common share total return, as defined in our business management agreement, as of each of September 30, 2020 and 2019, no incentive fees are included in the net business management fees we recognized for the three or nine months ended September 30, 2020 or 2019. The actual amount of annual incentive fees for 2020, if any, will be based on our common share total return, as defined in our business management agreement, for the three-year period ending December 31, 2020, and will be payable in 2021. We did not incur an incentive fee payable to RMR LLC for the year ended December 31, 2019. We include business management fee amounts in general and administrative expenses in our condensed consolidated statements of comprehensive income.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to our property management agreement with RMR LLC, we recognized property management and construction supervision fees of $781 and $163 for the three months ended September 30, 2020 and 2019, respectively, and $2,722 and $201 for the nine months ended September 30, 2020 and 2019, respectively. These amounts are included in other operating expenses or have been capitalized, as appropriate, in our condensed consolidated statements of comprehensive income. </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%">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 applicable employment and related expenses of RMR LLC employees assigned to work exclusively or partly at our net lease properties (excluding properties leased to TA) and the office building component of one of our hotels, 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 $258 and $136 for these expenses and costs for the three months ended September 30, 2020 and 2019, respectively, and $525 and $478 for the nine months ended September 30, 2020 and 2019, 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>
CY2020Q3 dei Entity Number Of Employees
EntityNumberOfEmployees
0 employee
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-296000 USD
CY2020Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-173000 USD
CY2020Q2 svc Deferred Tax Liabilities Litigation Settlement
DeferredTaxLiabilitiesLitigationSettlement
15650000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16706000 USD
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
379000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
677000 USD
svc Effective Income Tax Rate Reconciliation Insurance Settlement Amount
EffectiveIncomeTaxRateReconciliationInsuranceSettlementAmount
15650000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
467000 USD
CY2019Q3 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
229000 USD
CY2019Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
238000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1266000 USD
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
447000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
819000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
199719000 USD
CY2020Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
96776000 USD
CY2020Q3 us-gaap Revenues
Revenues
296495000 USD
CY2020Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
174801000 USD
CY2020Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3705000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
122204000 USD
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12295000 USD
CY2020Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
10248000 USD
CY2020Q3 us-gaap Costs And Expenses
CostsAndExpenses
323253000 USD
CY2020Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
109000 USD
CY2020Q3 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2020Q3 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
5606000 USD
CY2020Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
6000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
80532000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-101569000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-296000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1369000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-102642000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
700578000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
294432000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
201000 USD
us-gaap Revenues
Revenues
995211000 USD
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
492906000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
11029000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
377557000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
37621000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
55502000 USD
us-gaap Costs And Expenses
CostsAndExpenses
974615000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-9655000 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
62386000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
4409000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
283000 USD
us-gaap Interest Expense
InterestExpense
223679000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-6970000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-152630000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16706000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4305000 USD
us-gaap Net Income Loss
NetIncomeLoss
-173641000 USD
CY2020Q3 us-gaap Assets
Assets
8796673000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
525290000 USD
CY2019Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
73619000 USD
CY2019Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
863000 USD
CY2019Q3 us-gaap Revenues
Revenues
599772000 USD
CY2019Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
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 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 Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1521368000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
210509000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
3365000 USD
us-gaap Revenues
Revenues
1735242000 USD
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
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 Investment Income Dividend
InvestmentIncomeDividend
1752000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-43761000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
1774000 USD
CY2020Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
10248000 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
CY2019Q4 us-gaap Assets
Assets
9033967000 USD

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