Braemar Hotels & Resorts Inc
NYSE:BHR
Income Statement
Earnings Waterfall
Braemar Hotels & Resorts Inc
Revenue
|
739.3m
USD
|
Cost of Revenue
|
-214.8m
USD
|
Gross Profit
|
524.6m
USD
|
Operating Expenses
|
-462.9m
USD
|
Operating Income
|
61.7m
USD
|
Other Expenses
|
-135.7m
USD
|
Net Income
|
-74m
USD
|
Income Statement
Braemar Hotels & Resorts Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
234
N/A
|
241
+3%
|
262
+9%
|
286
+9%
|
307
+8%
|
323
+5%
|
332
+3%
|
338
+2%
|
350
+3%
|
372
+6%
|
391
+5%
|
400
+2%
|
406
+1%
|
403
-1%
|
407
+1%
|
416
+2%
|
414
0%
|
419
+1%
|
424
+1%
|
425
+0%
|
431
+2%
|
457
+6%
|
455
-1%
|
465
+2%
|
488
+5%
|
477
-2%
|
371
-22%
|
297
-20%
|
227
-24%
|
193
-15%
|
278
+44%
|
349
+26%
|
428
+23%
|
506
+18%
|
583
+15%
|
628
+8%
|
670
+7%
|
723
+8%
|
735
+2%
|
733
0%
|
739
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(62)
|
(64)
|
(69)
|
(75)
|
(75)
|
(85)
|
(88)
|
(90)
|
(87)
|
(101)
|
(108)
|
(111)
|
(104)
|
(112)
|
(114)
|
(121)
|
(113)
|
(124)
|
(126)
|
(123)
|
(119)
|
(136)
|
(137)
|
(140)
|
(141)
|
(150)
|
(128)
|
(114)
|
(92)
|
(85)
|
(105)
|
(121)
|
(130)
|
(157)
|
(175)
|
(190)
|
(192)
|
(221)
|
(226)
|
(228)
|
(215)
|
|
Gross Profit |
172
N/A
|
177
+3%
|
193
+9%
|
210
+9%
|
232
+10%
|
238
+3%
|
245
+3%
|
248
+1%
|
263
+6%
|
271
+3%
|
283
+5%
|
289
+2%
|
302
+4%
|
291
-4%
|
293
+1%
|
294
+1%
|
301
+2%
|
295
-2%
|
298
+1%
|
302
+1%
|
313
+4%
|
322
+3%
|
318
-1%
|
325
+2%
|
347
+7%
|
327
-6%
|
243
-26%
|
183
-25%
|
135
-26%
|
108
-20%
|
172
+59%
|
228
+33%
|
298
+31%
|
349
+17%
|
408
+17%
|
439
+7%
|
477
+9%
|
502
+5%
|
509
+2%
|
506
-1%
|
525
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(139)
|
(143)
|
(157)
|
(169)
|
(187)
|
(191)
|
(193)
|
(198)
|
(216)
|
(221)
|
(241)
|
(250)
|
(254)
|
(243)
|
(242)
|
(244)
|
(255)
|
(245)
|
(241)
|
(244)
|
(262)
|
(270)
|
(276)
|
(286)
|
(307)
|
(305)
|
(274)
|
(247)
|
(225)
|
(199)
|
(227)
|
(257)
|
(298)
|
(318)
|
(347)
|
(375)
|
(409)
|
(422)
|
(439)
|
(438)
|
(463)
|
|
Selling, General & Administrative |
(107)
|
(107)
|
(114)
|
(121)
|
(133)
|
(135)
|
(138)
|
(142)
|
(155)
|
(159)
|
(176)
|
(183)
|
(193)
|
(183)
|
(177)
|
(179)
|
(188)
|
(174)
|
(171)
|
(170)
|
(184)
|
(189)
|
(191)
|
(199)
|
(216)
|
(214)
|
(182)
|
(154)
|
(133)
|
(108)
|
(134)
|
(164)
|
(201)
|
(219)
|
(247)
|
(270)
|
(302)
|
(310)
|
(322)
|
(320)
|
(339)
|
|
Depreciation & Amortization |
(31)
|
(32)
|
(35)
|
(38)
|
(41)
|
(43)
|
(42)
|
(43)
|
(44)
|
(45)
|
(46)
|
(46)
|
(46)
|
(46)
|
(48)
|
(51)
|
(52)
|
(53)
|
(55)
|
(55)
|
(57)
|
(61)
|
(65)
|
(67)
|
(70)
|
(72)
|
(72)
|
(74)
|
(73)
|
(74)
|
(73)
|
(73)
|
(74)
|
(74)
|
(75)
|
(77)
|
(78)
|
(82)
|
(85)
|
(88)
|
(93)
|
|
Other Operating Expenses |
(1)
|
(3)
|
(7)
|
(10)
|
(13)
|
(14)
|
(13)
|
(13)
|
(18)
|
(17)
|
(20)
|
(21)
|
(15)
|
(14)
|
(16)
|
(13)
|
(14)
|
(18)
|
(15)
|
(19)
|
(20)
|
(21)
|
(20)
|
(20)
|
(21)
|
(20)
|
(20)
|
(20)
|
(19)
|
(18)
|
(20)
|
(20)
|
(23)
|
(25)
|
(25)
|
(29)
|
(29)
|
(30)
|
(31)
|
(30)
|
(31)
|
|
Operating Income |
33
N/A
|
34
+4%
|
36
+5%
|
41
+15%
|
46
+11%
|
48
+4%
|
52
+9%
|
51
-2%
|
47
-8%
|
50
+7%
|
42
-16%
|
40
-5%
|
48
+21%
|
48
+0%
|
51
+8%
|
51
-1%
|
47
-8%
|
50
+7%
|
57
+15%
|
58
+1%
|
51
-11%
|
51
N/A
|
42
-18%
|
39
-6%
|
40
+2%
|
22
-45%
|
(31)
N/A
|
(64)
-108%
|
(90)
-42%
|
(91)
-1%
|
(55)
+40%
|
(29)
+47%
|
0
N/A
|
31
+7 675%
|
61
+97%
|
63
+3%
|
68
+8%
|
80
+17%
|
70
-12%
|
68
-3%
|
62
-9%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(33)
|
(34)
|
(36)
|
(38)
|
(39)
|
(38)
|
(40)
|
(50)
|
(52)
|
(55)
|
(50)
|
(44)
|
(45)
|
(40)
|
(44)
|
(39)
|
(31)
|
(34)
|
(42)
|
(43)
|
(56)
|
(61)
|
(60)
|
(65)
|
(47)
|
(44)
|
(44)
|
(34)
|
(40)
|
(36)
|
(25)
|
(28)
|
(31)
|
(32)
|
(34)
|
(37)
|
(45)
|
(58)
|
(69)
|
(80)
|
(89)
|
|
Non-Reccuring Items |
(16)
|
(15)
|
(15)
|
(15)
|
(2)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(3)
|
(3)
|
(9)
|
(11)
|
(10)
|
(12)
|
(6)
|
7
|
9
|
(5)
|
10
|
(1)
|
(3)
|
24
|
25
|
23
|
33
|
6
|
6
|
8
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
2
|
2
|
(1)
|
(1)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
26
|
26
|
0
|
0
|
0
|
24
|
0
|
0
|
24
|
16
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
26
|
26
|
(0)
|
(0)
|
24
|
24
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(14)
|
(14)
|
(14)
|
(17)
|
(5)
|
(5)
|
(5)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(16)
N/A
|
(15)
+3%
|
(15)
-2%
|
(12)
+23%
|
5
N/A
|
9
+93%
|
13
+48%
|
1
-89%
|
(4)
N/A
|
(4)
+5%
|
(10)
-133%
|
18
N/A
|
26
+42%
|
25
-4%
|
22
-10%
|
2
-93%
|
28
+1 638%
|
33
+20%
|
47
+40%
|
47
N/A
|
5
-89%
|
(0)
N/A
|
(20)
-9 650%
|
(28)
-46%
|
3
N/A
|
(11)
N/A
|
(66)
-523%
|
(82)
-24%
|
(129)
-58%
|
(126)
+2%
|
(77)
+39%
|
(60)
+22%
|
(32)
+47%
|
(3)
+92%
|
27
N/A
|
26
-2%
|
23
-10%
|
24
+3%
|
3
-87%
|
(12)
N/A
|
(28)
-125%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(2)
|
(1)
|
(2)
|
(1)
|
(0)
|
(1)
|
217
|
216
|
215
|
214
|
(2)
|
(3)
|
(2)
|
(1)
|
(2)
|
(2)
|
3
|
4
|
1
|
2
|
(2)
|
(4)
|
(1)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(3)
|
(1)
|
(3)
|
|
Income from Continuing Operations |
(18)
|
(17)
|
(17)
|
(13)
|
4
|
8
|
12
|
1
|
(5)
|
(4)
|
(11)
|
17
|
24
|
24
|
22
|
1
|
244
|
249
|
261
|
261
|
3
|
(3)
|
(21)
|
(30)
|
1
|
(13)
|
(63)
|
(78)
|
(128)
|
(124)
|
(79)
|
(64)
|
(33)
|
(6)
|
22
|
22
|
19
|
20
|
1
|
(14)
|
(31)
|
|
Income to Minority Interest |
6
|
7
|
7
|
5
|
(2)
|
(3)
|
(4)
|
(3)
|
(2)
|
(2)
|
0
|
(5)
|
(5)
|
(5)
|
(6)
|
(2)
|
(5)
|
(6)
|
(6)
|
(6)
|
(1)
|
(1)
|
2
|
3
|
(1)
|
1
|
9
|
13
|
19
|
19
|
13
|
10
|
6
|
3
|
(1)
|
(2)
|
(2)
|
(1)
|
2
|
3
|
4
|
|
Net Income (Common) |
(12)
N/A
|
(10)
+14%
|
(10)
-3%
|
(7)
+29%
|
2
N/A
|
5
+147%
|
8
+64%
|
(3)
N/A
|
(9)
-156%
|
(10)
-9%
|
(15)
-56%
|
9
N/A
|
16
+76%
|
15
-5%
|
11
-26%
|
(8)
N/A
|
16
N/A
|
20
+24%
|
32
+61%
|
31
-3%
|
(6)
N/A
|
(12)
-105%
|
(29)
-139%
|
(37)
-29%
|
(10)
+72%
|
(22)
-114%
|
(66)
-194%
|
(75)
-14%
|
(115)
-54%
|
(111)
+4%
|
(76)
+32%
|
(64)
+16%
|
(40)
+37%
|
(17)
+57%
|
6
N/A
|
(2)
N/A
|
(11)
-613%
|
(19)
-77%
|
(40)
-112%
|
(56)
-41%
|
(74)
-31%
|
|
EPS (Diluted) |
-0.74
N/A
|
-0.45
+39%
|
-0.22
+51%
|
-0.21
+5%
|
0.06
N/A
|
0.18
+200%
|
0.31
+72%
|
-0.12
N/A
|
-0.34
-183%
|
-0.32
+6%
|
-0.45
-41%
|
0.25
N/A
|
0.5
+100%
|
0.54
+8%
|
0.34
-37%
|
-0.25
N/A
|
0.46
N/A
|
0.57
+24%
|
0.83
+46%
|
0.98
+18%
|
-0.18
N/A
|
-0.37
-106%
|
-0.89
-141%
|
-1.15
-29%
|
-0.32
+72%
|
-0.68
-113%
|
-1.87
-175%
|
-2.21
-18%
|
-3.39
-53%
|
-2.8
+17%
|
-1.58
+44%
|
-1.07
+32%
|
-0.76
+29%
|
-0.19
+75%
|
0.12
N/A
|
-0.03
N/A
|
-0.15
-400%
|
-0.26
-73%
|
-0.59
-127%
|
-0.85
-44%
|
-1.12
-32%
|