DiamondRock Hospitality (DRH) FY2020 results: revenue $299 million, down 68.1% on the year
DiamondRock Hospitality Co. (DRH) reported revenue of $299 million for fiscal 2020, the year ended 31 December 2020, down 68.1% on the year before. Net income was -$394 million, and diluted earnings per share $-1.97. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$299 million
-68.1% on the year
FY2016FY2020
Operating margin
-73.1%
17.3% a year earlier
FY2016FY2020
Net income
-$394 million
FY2016FY2020
Diluted EPS
-$1.97
FY2016FY2020
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
299
938
864
-68.1%
Operating income
-219
162
130
Operating margin
-73.1%
17.3%
15.1%
Interest expense
54.0
46.6
41.0
+15.9%
Pre-tax income
-422
206
90.9
Income tax
-26.5
22.0
3.1
Effective tax rate
n/a
10.7%
3.4%
Net income
-394
183
87.8
Net margin
-131.7%
19.6%
10.2%
Diluted EPS
-$1.97
$0.90
$0.43
$ 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
-83.7
193
218
Capital expenditure
n/a
n/a
115
Free cash flow
n/a
n/a
102
Free cash flow margin
n/a
n/a
11.9%
Cash from investing
-79.0
-65.7
-343
Cash from financing
118
-39.4
-7.2
Depreciation and amortisation
n/a
n/a
105
Share-based compensation
7.2
6.4
5.6
+13.2%
Buybacks
10.0
42.8
32.2
-76.7%
Dividends paid
25.6
102
103
-75.0%
Dividend per share
n/a
$0.50
$0.50
Diluted shares, weighted
202m
203m
206m
-0.5%
Shares outstanding at period end
210m
200m
205m
+4.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,711
1,912
1,883
-10.5%
Non-controlling interest
7.8
8.6
7.7
-8.8%
Debt
1,049
1,090
978
-3.8%
Other liabilities
379
415
329
-8.6%
Total liabilities and equity
3,147
3,426
3,198
-8.1%
Fixed assets
2,817
3,027
2,945
-6.9%
Intangible assets
n/a
0.0
63.9
Cash and equivalents
112
123
43.9
-8.8%
Other assets
218
276
145
-21.3%
Total assets
3,147
3,426
3,198
-8.1%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.