RLJ Lodging Trust
NYSE:RLJ
Income Statement
Earnings Waterfall
RLJ Lodging Trust
Revenue
|
1.3B
USD
|
Cost of Revenue
|
-834.7m
USD
|
Gross Profit
|
490.9m
USD
|
Operating Expenses
|
-338.3m
USD
|
Operating Income
|
152.6m
USD
|
Other Expenses
|
-101.3m
USD
|
Net Income
|
51.3m
USD
|
Income Statement
RLJ Lodging Trust
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 |
970
N/A
|
991
+2%
|
1 025
+3%
|
1 071
+4%
|
1 109
+4%
|
1 143
+3%
|
1 150
+1%
|
1 141
-1%
|
1 136
0%
|
1 141
+0%
|
1 157
+1%
|
1 164
+1%
|
1 160
0%
|
1 145
-1%
|
1 120
-2%
|
1 165
+4%
|
1 356
+16%
|
1 526
+12%
|
1 718
+13%
|
1 824
+6%
|
1 761
-3%
|
1 731
-2%
|
1 695
-2%
|
1 619
-4%
|
1 566
-3%
|
1 432
-9%
|
1 016
-29%
|
729
-28%
|
473
-35%
|
327
-31%
|
489
+49%
|
639
+31%
|
786
+23%
|
909
+16%
|
1 045
+15%
|
1 130
+8%
|
1 194
+6%
|
1 265
+6%
|
1 292
+2%
|
1 308
+1%
|
1 326
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(574)
|
(587)
|
(604)
|
(626)
|
(646)
|
(664)
|
(667)
|
(662)
|
(658)
|
(658)
|
(665)
|
(669)
|
(668)
|
(661)
|
(650)
|
(684)
|
(812)
|
(929)
|
(1 048)
|
(1 117)
|
(1 077)
|
(1 054)
|
(1 033)
|
(989)
|
(957)
|
(896)
|
(684)
|
(533)
|
(392)
|
(292)
|
(363)
|
(433)
|
(512)
|
(582)
|
(652)
|
(702)
|
(744)
|
(786)
|
(808)
|
(822)
|
(835)
|
|
Gross Profit |
395
N/A
|
405
+2%
|
422
+4%
|
445
+6%
|
463
+4%
|
479
+3%
|
482
+1%
|
479
-1%
|
479
0%
|
484
+1%
|
492
+2%
|
495
+1%
|
492
-1%
|
484
-2%
|
470
-3%
|
481
+2%
|
544
+13%
|
597
+10%
|
670
+12%
|
707
+5%
|
684
-3%
|
677
-1%
|
662
-2%
|
631
-5%
|
609
-3%
|
537
-12%
|
332
-38%
|
196
-41%
|
82
-58%
|
35
-57%
|
126
+257%
|
205
+63%
|
274
+34%
|
327
+19%
|
394
+20%
|
427
+9%
|
449
+5%
|
479
+7%
|
484
+1%
|
486
+0%
|
491
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(226)
|
(231)
|
(238)
|
(247)
|
(257)
|
(265)
|
(268)
|
(269)
|
(271)
|
(273)
|
(274)
|
(275)
|
(271)
|
(268)
|
(267)
|
(277)
|
(319)
|
(359)
|
(405)
|
(433)
|
(426)
|
(419)
|
(405)
|
(388)
|
(376)
|
(366)
|
(354)
|
(349)
|
(341)
|
(329)
|
(326)
|
(322)
|
(324)
|
(330)
|
(330)
|
(330)
|
(328)
|
(328)
|
(329)
|
(335)
|
(338)
|
|
Selling, General & Administrative |
(99)
|
(103)
|
(105)
|
(109)
|
(113)
|
(116)
|
(117)
|
(116)
|
(115)
|
(114)
|
(111)
|
(111)
|
(109)
|
(107)
|
(110)
|
(115)
|
(132)
|
(149)
|
(172)
|
(185)
|
(184)
|
(181)
|
(173)
|
(167)
|
(165)
|
(163)
|
(157)
|
(154)
|
(146)
|
(137)
|
(136)
|
(134)
|
(136)
|
(142)
|
(142)
|
(143)
|
(143)
|
(145)
|
(148)
|
(156)
|
(159)
|
|
Depreciation & Amortization |
(127)
|
(129)
|
(132)
|
(138)
|
(144)
|
(149)
|
(151)
|
(154)
|
(156)
|
(160)
|
(163)
|
(164)
|
(163)
|
(161)
|
(158)
|
(162)
|
(187)
|
(210)
|
(233)
|
(248)
|
(242)
|
(239)
|
(232)
|
(221)
|
(212)
|
(202)
|
(197)
|
(196)
|
(194)
|
(192)
|
(190)
|
(188)
|
(188)
|
(188)
|
(188)
|
(187)
|
(185)
|
(183)
|
(181)
|
(179)
|
(179)
|
|
Operating Income |
169
N/A
|
173
+2%
|
184
+6%
|
199
+8%
|
206
+3%
|
214
+4%
|
215
+0%
|
210
-2%
|
208
-1%
|
210
+1%
|
218
+4%
|
219
+1%
|
221
+1%
|
217
-2%
|
202
-7%
|
204
+1%
|
226
+10%
|
238
+6%
|
266
+12%
|
274
+3%
|
258
-6%
|
258
0%
|
257
0%
|
243
-5%
|
233
-4%
|
171
-27%
|
(22)
N/A
|
(153)
-606%
|
(259)
-69%
|
(293)
-13%
|
(199)
+32%
|
(117)
+42%
|
(50)
+57%
|
(3)
+94%
|
64
N/A
|
98
+53%
|
121
+24%
|
151
+25%
|
155
+3%
|
151
-2%
|
153
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(63)
|
(60)
|
(57)
|
(54)
|
(55)
|
(54)
|
(53)
|
(53)
|
(53)
|
(55)
|
(57)
|
(58)
|
(57)
|
(56)
|
(56)
|
(58)
|
(73)
|
(87)
|
(96)
|
(104)
|
(96)
|
(88)
|
(91)
|
(88)
|
(84)
|
(85)
|
(83)
|
(96)
|
(104)
|
(112)
|
(114)
|
(107)
|
(106)
|
(102)
|
(99)
|
(94)
|
(88)
|
(84)
|
(80)
|
(78)
|
(79)
|
|
Non-Reccuring Items |
(5)
|
(5)
|
(6)
|
(15)
|
(14)
|
(13)
|
(11)
|
(4)
|
(4)
|
(4)
|
(3)
|
(1)
|
(0)
|
(1)
|
(4)
|
(37)
|
(44)
|
(38)
|
(34)
|
(4)
|
4
|
(3)
|
(3)
|
(1)
|
(15)
|
(14)
|
(14)
|
(12)
|
2
|
(4)
|
(10)
|
(144)
|
(144)
|
(138)
|
(132)
|
1
|
0
|
0
|
0
|
(1)
|
(0)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(3)
|
33
|
31
|
35
|
9
|
(28)
|
(9)
|
(9)
|
16
|
17
|
3
|
4
|
4
|
5
|
(2)
|
(2)
|
(3)
|
(5)
|
1
|
(1)
|
(0)
|
0
|
(0)
|
|
Total Other Income |
6
|
6
|
6
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
1
|
1
|
0
|
0
|
1
|
1
|
0
|
1
|
2
|
3
|
3
|
2
|
2
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
(8)
|
(8)
|
(8)
|
(1)
|
10
|
10
|
10
|
3
|
3
|
4
|
4
|
|
Pre-Tax Income |
108
N/A
|
114
+5%
|
127
+12%
|
130
+2%
|
137
+5%
|
149
+8%
|
152
+2%
|
155
+2%
|
152
-2%
|
153
+1%
|
159
+4%
|
161
+2%
|
164
+2%
|
160
-3%
|
143
-11%
|
110
-23%
|
109
-1%
|
111
+2%
|
134
+20%
|
202
+51%
|
200
-1%
|
204
+2%
|
175
-14%
|
128
-27%
|
126
-2%
|
64
-49%
|
(101)
N/A
|
(243)
-139%
|
(357)
-47%
|
(404)
-13%
|
(328)
+19%
|
(370)
-13%
|
(310)
+16%
|
(246)
+21%
|
(160)
+35%
|
9
N/A
|
44
+370%
|
70
+60%
|
78
+12%
|
77
-2%
|
78
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
39
|
38
|
36
|
34
|
(8)
|
(8)
|
(7)
|
(12)
|
(11)
|
(11)
|
(11)
|
(9)
|
(9)
|
(9)
|
(10)
|
(5)
|
4
|
7
|
22
|
(43)
|
(52)
|
(53)
|
(65)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
|
Income from Continuing Operations |
107
|
113
|
126
|
129
|
136
|
147
|
151
|
154
|
191
|
191
|
194
|
195
|
155
|
152
|
135
|
98
|
98
|
100
|
122
|
193
|
191
|
195
|
165
|
122
|
129
|
70
|
(80)
|
(286)
|
(409)
|
(457)
|
(393)
|
(371)
|
(311)
|
(247)
|
(162)
|
8
|
42
|
68
|
77
|
75
|
77
|
|
Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
1
|
2
|
3
|
4
|
4
|
4
|
7
|
6
|
5
|
4
|
0
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
|
Net Income (Common) |
112
N/A
|
115
+3%
|
128
+11%
|
128
+0%
|
135
+5%
|
170
+27%
|
173
+2%
|
177
+2%
|
217
+22%
|
194
-10%
|
197
+1%
|
197
+0%
|
199
+1%
|
196
-2%
|
180
-8%
|
140
-22%
|
65
-53%
|
61
-7%
|
76
+25%
|
142
+86%
|
162
+14%
|
166
+2%
|
136
-18%
|
94
-31%
|
101
+8%
|
45
-56%
|
(103)
N/A
|
(308)
-199%
|
(430)
-39%
|
(478)
-11%
|
(415)
+13%
|
(390)
+6%
|
(330)
+15%
|
(267)
+19%
|
(183)
+31%
|
(18)
+90%
|
17
N/A
|
42
+155%
|
51
+20%
|
49
-3%
|
51
+4%
|
|
EPS (Diluted) |
0.92
N/A
|
0.9
-2%
|
0.94
+4%
|
0.98
+4%
|
1.05
+7%
|
1.28
+22%
|
1.35
+5%
|
1.38
+2%
|
1.67
+21%
|
1.56
-7%
|
1.58
+1%
|
1.59
+1%
|
1.6
+1%
|
1.57
-2%
|
1.44
-8%
|
0.99
-31%
|
0.46
-54%
|
0.35
-24%
|
0.43
+23%
|
0.81
+88%
|
0.93
+15%
|
0.96
+3%
|
0.79
-18%
|
0.55
-30%
|
0.59
+7%
|
0.27
-54%
|
-0.63
N/A
|
-1.88
-198%
|
-2.61
-39%
|
-2.92
-12%
|
-2.53
+13%
|
-2.37
+6%
|
-2.01
+15%
|
-1.63
+19%
|
-1.12
+31%
|
-0.11
+90%
|
0.1
N/A
|
0.26
+160%
|
0.33
+27%
|
0.33
N/A
|
0.33
N/A
|