Sunstone Hotel Investors Inc
NYSE:SHO
Income Statement
Earnings Waterfall
Sunstone Hotel Investors Inc
Revenue
|
986.5m
USD
|
Cost of Revenue
|
-375.5m
USD
|
Gross Profit
|
610.9m
USD
|
Operating Expenses
|
-492.3m
USD
|
Operating Income
|
118.7m
USD
|
Other Expenses
|
73.1m
USD
|
Net Income
|
191.7m
USD
|
Income Statement
Sunstone Hotel Investors 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 |
924
N/A
|
972
+5%
|
1 039
+7%
|
1 096
+6%
|
1 142
+4%
|
1 183
+4%
|
1 221
+3%
|
1 238
+1%
|
1 249
+1%
|
1 239
-1%
|
1 222
-1%
|
1 201
-2%
|
1 189
-1%
|
1 196
+1%
|
1 192
0%
|
1 193
+0%
|
1 194
+0%
|
1 184
-1%
|
1 183
0%
|
1 168
-1%
|
1 159
-1%
|
1 145
-1%
|
1 131
-1%
|
1 123
-1%
|
1 115
-1%
|
1 049
-6%
|
756
-28%
|
504
-33%
|
268
-47%
|
127
-52%
|
234
+84%
|
373
+59%
|
509
+37%
|
631
+24%
|
765
+21%
|
842
+10%
|
912
+8%
|
983
+8%
|
1 008
+3%
|
1 011
+0%
|
986
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(335)
|
(355)
|
(379)
|
(399)
|
(416)
|
(428)
|
(441)
|
(446)
|
(450)
|
(448)
|
(444)
|
(438)
|
(433)
|
(431)
|
(429)
|
(429)
|
(431)
|
(431)
|
(431)
|
(427)
|
(421)
|
(415)
|
(409)
|
(406)
|
(406)
|
(397)
|
(305)
|
(227)
|
(148)
|
(77)
|
(106)
|
(148)
|
(193)
|
(242)
|
(290)
|
(318)
|
(343)
|
(368)
|
(379)
|
(381)
|
(376)
|
|
Gross Profit |
589
N/A
|
618
+5%
|
660
+7%
|
697
+6%
|
726
+4%
|
755
+4%
|
781
+3%
|
792
+1%
|
799
+1%
|
791
-1%
|
778
-2%
|
763
-2%
|
757
-1%
|
765
+1%
|
763
0%
|
764
+0%
|
763
0%
|
754
-1%
|
752
0%
|
741
-1%
|
738
0%
|
731
-1%
|
722
-1%
|
717
-1%
|
709
-1%
|
652
-8%
|
451
-31%
|
277
-39%
|
120
-57%
|
50
-58%
|
128
+156%
|
225
+76%
|
316
+41%
|
389
+23%
|
475
+22%
|
524
+10%
|
569
+9%
|
615
+8%
|
629
+2%
|
630
+0%
|
611
-3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(490)
|
(508)
|
(531)
|
(552)
|
(569)
|
(595)
|
(607)
|
(617)
|
(618)
|
(607)
|
(600)
|
(588)
|
(586)
|
(585)
|
(584)
|
(586)
|
(582)
|
(577)
|
(574)
|
(571)
|
(555)
|
(552)
|
(544)
|
(545)
|
(547)
|
(539)
|
(485)
|
(432)
|
(367)
|
(319)
|
(330)
|
(362)
|
(402)
|
(434)
|
(457)
|
(462)
|
(470)
|
(484)
|
(493)
|
(497)
|
(492)
|
|
Selling, General & Administrative |
(352)
|
(367)
|
(384)
|
(400)
|
(413)
|
(436)
|
(445)
|
(454)
|
(454)
|
(443)
|
(436)
|
(425)
|
(423)
|
(421)
|
(422)
|
(424)
|
(423)
|
(422)
|
(422)
|
(414)
|
(409)
|
(403)
|
(399)
|
(398)
|
(399)
|
(391)
|
(339)
|
(290)
|
(230)
|
(188)
|
(201)
|
(233)
|
(273)
|
(305)
|
(329)
|
(336)
|
(344)
|
(357)
|
(365)
|
(367)
|
(365)
|
|
Depreciation & Amortization |
(138)
|
(141)
|
(147)
|
(152)
|
(156)
|
(159)
|
(162)
|
(163)
|
(165)
|
(164)
|
(164)
|
(163)
|
(163)
|
(164)
|
(163)
|
(162)
|
(159)
|
(155)
|
(152)
|
(149)
|
(146)
|
(146)
|
(145)
|
(147)
|
(148)
|
(148)
|
(146)
|
(142)
|
(137)
|
(131)
|
(129)
|
(129)
|
(129)
|
(129)
|
(128)
|
(127)
|
(126)
|
(127)
|
(129)
|
(130)
|
(127)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
99
N/A
|
110
+11%
|
129
+18%
|
146
+13%
|
157
+8%
|
160
+2%
|
174
+8%
|
175
+1%
|
181
+3%
|
184
+2%
|
178
-3%
|
175
-2%
|
170
-2%
|
180
+5%
|
179
0%
|
178
-1%
|
181
+2%
|
177
-2%
|
178
+0%
|
171
-4%
|
183
+8%
|
179
-2%
|
177
-1%
|
172
-3%
|
162
-6%
|
113
-30%
|
(34)
N/A
|
(155)
-359%
|
(247)
-60%
|
(269)
-9%
|
(202)
+25%
|
(137)
+32%
|
(85)
+38%
|
(45)
+48%
|
19
N/A
|
62
+230%
|
99
+61%
|
131
+32%
|
136
+4%
|
133
-2%
|
119
-11%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(72)
|
(73)
|
(74)
|
(73)
|
(72)
|
(71)
|
(70)
|
(69)
|
(67)
|
(69)
|
(68)
|
(63)
|
(50)
|
(42)
|
(39)
|
(45)
|
(52)
|
(49)
|
(48)
|
(42)
|
(48)
|
(53)
|
(58)
|
(60)
|
(54)
|
(57)
|
(55)
|
(54)
|
(53)
|
(43)
|
(39)
|
(34)
|
(31)
|
(28)
|
(26)
|
(28)
|
(32)
|
(41)
|
(44)
|
(47)
|
(52)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
(1)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(0)
|
(0)
|
0
|
(34)
|
(41)
|
(41)
|
(42)
|
0
|
(2)
|
0
|
(1)
|
(1)
|
(25)
|
(140)
|
(158)
|
(158)
|
(141)
|
(25)
|
(7)
|
(8)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
6
|
6
|
7
|
10
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
12
|
226
|
226
|
244
|
233
|
18
|
63
|
46
|
46
|
46
|
17
|
16
|
69
|
117
|
101
|
101
|
48
|
43
|
0
|
0
|
43
|
34
|
0
|
0
|
34
|
153
|
175
|
175
|
175
|
23
|
0
|
0
|
0
|
124
|
|
Total Other Income |
3
|
3
|
3
|
3
|
4
|
4
|
5
|
4
|
4
|
3
|
2
|
2
|
2
|
2
|
3
|
3
|
4
|
5
|
7
|
9
|
11
|
14
|
16
|
17
|
17
|
57
|
52
|
6
|
3
|
35
|
34
|
(0)
|
(0)
|
4
|
5
|
5
|
5
|
1
|
6
|
7
|
11
|
|
Pre-Tax Income |
30
N/A
|
40
+34%
|
58
+46%
|
75
+29%
|
83
+11%
|
88
+5%
|
103
+18%
|
118
+14%
|
341
+189%
|
341
+0%
|
353
+4%
|
343
-3%
|
140
-59%
|
203
+45%
|
188
-7%
|
147
-22%
|
138
-6%
|
109
-21%
|
111
+2%
|
206
+86%
|
261
+27%
|
241
-8%
|
236
-2%
|
176
-25%
|
143
-19%
|
(28)
N/A
|
(194)
-593%
|
(318)
-64%
|
(404)
-27%
|
(303)
+25%
|
(214)
+30%
|
(145)
+32%
|
33
N/A
|
104
+213%
|
169
+63%
|
212
+25%
|
91
-57%
|
97
+7%
|
103
+6%
|
99
-4%
|
211
+113%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(8)
|
(2)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
(2)
|
(1)
|
(2)
|
(2)
|
1
|
1
|
1
|
1
|
12
|
11
|
15
|
13
|
(1)
|
(2)
|
(3)
|
(3)
|
(1)
|
0
|
(10)
|
(7)
|
(8)
|
(7)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(5)
|
|
Income from Continuing Operations |
22
|
38
|
56
|
74
|
83
|
88
|
103
|
117
|
340
|
340
|
352
|
344
|
141
|
203
|
189
|
160
|
150
|
124
|
124
|
206
|
259
|
239
|
233
|
175
|
143
|
(38)
|
(201)
|
(326)
|
(411)
|
(303)
|
(214)
|
(145)
|
33
|
103
|
169
|
212
|
91
|
97
|
102
|
97
|
207
|
|
Income to Minority Interest |
(4)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(8)
|
(7)
|
(8)
|
(7)
|
(5)
|
(1)
|
4
|
6
|
7
|
6
|
3
|
1
|
(2)
|
(5)
|
(4)
|
(3)
|
(2)
|
0
|
0
|
0
|
|
Net Income (Common) |
47
N/A
|
21
-55%
|
45
+115%
|
63
+39%
|
71
+13%
|
76
+7%
|
85
+12%
|
115
+34%
|
337
+194%
|
337
+0%
|
345
+2%
|
320
-7%
|
118
-63%
|
179
+52%
|
168
-6%
|
145
-13%
|
132
-9%
|
106
-20%
|
106
0%
|
180
+70%
|
236
+32%
|
217
-8%
|
212
-2%
|
154
-27%
|
122
-21%
|
(56)
N/A
|
(215)
-282%
|
(336)
-56%
|
(418)
-24%
|
(309)
+26%
|
(225)
+27%
|
(162)
+28%
|
14
N/A
|
80
+492%
|
147
+83%
|
193
+32%
|
73
-62%
|
80
+10%
|
87
+10%
|
83
-5%
|
192
+132%
|