DiamondRock Hospitality (DRH) FY2023 results: revenue $1.1 billion, up 7.3% on the year
DiamondRock Hospitality Co. (DRH) reported revenue of $1.1 billion for fiscal 2023, the year ended 31 December 2023, up 7.3% on the year before. Net income was $86 million, down 21.0%, and diluted earnings per share $0.36. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$1.1 billion
+7.3% on the year
FY2016FY2023
Operating margin
13.9%
16.2% a year earlier
FY2016FY2023
Net income
$86 million
-21.0% on the year
FY2016FY2023
Diluted EPS
$0.36
-23.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
238
206
-2.3
+15.2%
Capital expenditure
86.3
67.7
n/a
+27.6%
Free cash flow
151
139
n/a
+9.1%
Free cash flow margin
14.1%
13.8%
n/a
Cash from investing
-121
-249
-62.2
Cash from financing
-56.7
74.0
5.2
Share-based compensation
8.8
7.8
8.7
+12.6%
Buybacks
2.4
12.3
0.0
-80.3%
Dividends paid
31.9
6.4
0.1
+396.9%
Dividend per share
$0.12
$0.09
n/a
+33.3%
Diluted shares, weighted
212m
213m
212m
-0.4%
Shares outstanding at period end
210m
209m
211m
+0.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,642
1,590
1,515
+3.3%
Non-controlling interest
6.9
6.3
5.8
+9.7%
Debt
1,177
1,186
1,067
-0.7%
Other liabilities
413
426
377
-3.0%
Total liabilities and equity
3,239
3,208
2,965
+1.0%
Fixed assets
2,755
2,748
2,651
+0.2%
Cash and equivalents
122
67.6
38.6
+80.0%
Other assets
362
392
275
-7.6%
Total assets
3,239
3,208
2,965
+1.0%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.