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SEC Filings

10-K
RLJ LODGING TRUST filed this Form 10-K on 03/01/2019
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RLJ Lodging Trust
Consolidated Balance Sheets
(Amounts in thousands, except share and per share data)
 
 
December 31,
 
2018
 
2017
Assets
 

 
 

Investment in hotel properties, net
$
5,378,651

 
$
5,791,925

Investment in unconsolidated joint ventures
22,279

 
23,885

Cash and cash equivalents
320,147

 
586,470

Restricted cash reserves
64,695

 
72,606

Hotel and other receivables, net of allowance of $598 and $510, respectively
52,115

 
60,011

Deferred income tax asset, net
47,395

 
56,761

Intangible assets, net
52,448

 
133,211

Prepaid expense and other assets
67,367

 
69,936

Total assets
$
6,005,097

 
$
6,794,805

Liabilities and Equity
 

 
 

Debt, net
$
2,202,676

 
$
2,880,488

Accounts payable and other liabilities
203,833

 
225,664

Deferred income tax liability
2,766

 
5,547

Advance deposits and deferred revenue
25,411

 
30,463

Accrued interest
7,913

 
17,081

Distributions payable
65,557

 
65,284

Total liabilities
2,508,156

 
3,224,527

 
 
 
 
Commitments and Contingencies (Note 12)


 


 
 
 
 
Equity
 

 
 

Shareholders’ equity:
 

 
 

Preferred shares of beneficial interest, $0.01 par value, 50,000,000 shares authorized
 
 
 
Series A Cumulative Convertible Preferred Shares, $0.01 par value, 12,950,000 shares authorized; 12,879,475 shares issued and outstanding, liquidation value of $328,266, at December 31, 2018 and 2017
366,936

 
366,936

Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 174,019,616 and 174,869,046 shares issued and outstanding at December 31, 2018 and 2017, respectively
1,740

 
1,749

Additional paid-in capital
3,195,381

 
3,208,002

Accumulated other comprehensive income
16,195

 
8,846

Distributions in excess of net earnings
(150,476
)
 
(82,566
)
Total shareholders’ equity
3,429,776

 
3,502,967

Noncontrolling interest:
 

 
 

Noncontrolling interest in consolidated joint ventures
11,908

 
11,700

Noncontrolling interest in the Operating Partnership
10,827

 
11,181

Total noncontrolling interest
22,735

 
22,881

Preferred equity in a consolidated joint venture, liquidation value of $45,544 and $45,430 at December 31, 2018 and 2017, respectively
44,430

 
44,430

Total equity
3,496,941

 
3,570,278

Total liabilities and equity
$
6,005,097

 
$
6,794,805

 

The accompanying notes are an integral part of these consolidated financial statements.

F-3

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