Q4 2018 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$361M+4.5% YoY

Gross Profit

$111M30.7% margin

Operating Income

$52M14.3% margin

Net Income

$159M44.2% margin

EPS (Diluted)

$3.09

QoQ Revenue Growth

+23.4%

Cash Flow

Operating Cash Flow

$97M

Free Cash Flow

$97M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.9B

Total Liabilities

$3.1B

Stockholders' Equity

$470M

Cash & Equivalents

$103M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$361M	$345M	+4.5%
Gross Profit	$111M	$110M	+0.9%
Operating Income	$52M	$36M	+41.2%
Net Income	$159M	$72M	+120.1%

Revenue Segments

Food And Beverage

$127M20%

Occupancy

$122M19%

Hotel Food And Beverage Banquets

$79M12%

Hotel Other

$73M11%

Hotel Group Rooms

$71M11%

Hotel Transient Rooms

$51M8%

Hotel Food And Beverage Outlets

$48M7%

Entertainment

$39M6%

Entertainment Admissions And Ticketing

$18M3%

Entertainment Food And Beverage

$13M2%

Entertainment Retail And Other

$8M1%