Apple Hospitality REIT (APLE) FY2020 results: revenue $602 million, down 52.5% on the year
Apple Hospitality REIT, Inc. (APLE) reported revenue of $602 million for fiscal 2020, the year ended 31 December 2020, down 52.5% on the year before. Net income was -$173 million, and diluted earnings per share $-0.77. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2021.
Revenue
$602 million
-52.5% on the year
FY2013FY2020
Operating margin
-17.0%
18.5% a year earlier
FY2013FY2020
Net income
-$173 million
FY2013FY2020
Diluted EPS
-$0.77
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
602
1,267
1,271
-52.5%
Cost of revenue
402
724
716
-44.5%
Gross profit
200
542
555
-63.2%
Gross margin
33.2%
42.8%
43.7%
Operating income
-102
234
258
Operating margin
-17.0%
18.5%
20.3%
Pre-tax income
-173
173
207
Income tax
0.3
0.7
0.6
-51.1%
Effective tax rate
n/a
0.4%
0.3%
Net income
-173
172
206
Net margin
-28.8%
13.6%
16.2%
Diluted EPS
-$0.77
$0.77
$0.90
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
26.7
382
405
-93.0%
Capital expenditure
48.6
74.9
74.3
-35.2%
Free cash flow
-21.8
307
331
Free cash flow margin
-3.6%
24.2%
26.0%
Cash from investing
-82.3
-14.3
-210
Cash from financing
55.2
-366
-191
Depreciation and amortisation
200
193
183
+3.4%
Buybacks
14.3
4.3
104
+230.7%
Dividends paid
67.4
269
276
-74.9%
Dividend per share
$0.30
$1.20
$1.20
-75.0%
Diluted shares, weighted
224m
n/a
n/a
Shares outstanding at period end
223m
224m
224m
-0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,029
3,291
3,409
-8.0%
Debt
1,483
1,320
1,412
+12.3%
Other liabilities
318
331
107
-4.0%
Total liabilities and equity
4,830
4,942
4,929
-2.3%
Cash and equivalents
5.6
0.0
0.0
Other assets
4,824
4,942
4,929
-2.4%
Total assets
4,830
4,942
4,929
-2.3%
10-K for the year ended 31 December 2020, filed 23 February 2021: the filing.