XML 19 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Total revenues $ 567,134 $ 299,488 $ 938,091
Operating expenses:      
Depreciation and amortization 102,963 114,716 118,110
Impairment losses 126,697 174,120 0
Corporate expenses 32,552 27,401 28,231
Business interruption insurance income (705) (2,208) (8,822)
Gain on property insurance settlement 0 0 (144,192)
Total operating expenses, net 723,176 668,363 684,092
Interest and other income, net (947) (391) (1,197)
Interest expense 37,043 53,995 46,584
Loss on early extinguishment of debt 0 0 2,373
Total other expenses, net 36,096 53,604 47,760
(Loss) income before income taxes (192,138) (422,479) 206,239
Income tax (expense) benefit (3,267) 26,452 (22,028)
Net (loss) income (195,405) (396,027) 184,211
Less: Net loss (income) attributable to noncontrolling interests 821 1,652 (724)
Net (loss) income attributable to the Company (194,584) (394,375) 183,487
Distributions to preferred stockholders (9,817) (3,300) 0
Net (loss) income attributable to common stockholders $ (204,401) $ (397,675) $ 183,487
(Loss) earnings per share:      
Net (loss) income per share available to common stockholders—basic (in dollars per share) $ (0.96) $ (1.97) $ 0.91
Net (loss) income per share available to common stockholders—diluted (in dollars per share) $ (0.96) $ (1.97) $ 0.90
Weighted-average number of common shares outstanding:      
Basic (in shares) 212,056,923 201,670,721 202,009,750
Diluted (in shares) 212,056,923 201,670,721 202,741,630
Rooms      
Revenues:      
Total revenues $ 399,055 $ 196,736 $ 661,153
Operating expenses:      
Operating expenses 102,183 68,603 166,937
Food and beverage      
Revenues:      
Total revenues 117,742 68,566 215,261
Operating expenses:      
Operating expenses 89,795 58,391 137,916
Other      
Revenues:      
Total revenues 50,337 34,186 61,677
Operating expenses:      
Operating expenses 240,818 213,631 333,505
Management fees      
Operating expenses:      
Operating expenses 10,208 3,578 25,475
Franchise fees      
Operating expenses:      
Operating expenses $ 18,665 $ 10,131 $ 26,932