Xenia Hotels & Resorts (XHR) FY2019 results: revenue $1.1 billion, up 8.6% on the year
Xenia Hotels & Resorts, Inc. (XHR) reported revenue of $1.1 billion for fiscal 2019, the year ended 31 December 2019, up 8.6% on the year before. Net income was $55 million, down 71.4%, and diluted earnings per share $0.49. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2020.
Revenue
$1.1 billion
+8.6% on the year
FY2016FY2019
Operating margin
9.7%
12.5% a year earlier
FY2016FY2019
Net income
$55 million
-71.4% on the year
FY2016FY2019
Diluted EPS
$0.49
-72.0% on the year
FY2016FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,149
1,058
945
+8.6%
Cost of revenue
773
690
603
+12.0%
Gross profit
376
368
342
+2.1%
Gross margin
32.7%
34.8%
36.2%
Operating income
111
132
104
-15.4%
Operating margin
9.7%
12.5%
10.9%
Interest expense
48.6
51.4
46.3
-5.4%
Pre-tax income
62.6
205
109
-69.4%
Income tax
5.4
6.0
7.8
-10.4%
Effective tax rate
8.6%
2.9%
7.2%
Net income
55.4
194
98.9
-71.4%
Net margin
4.8%
18.3%
10.5%
Diluted EPS
$0.49
$1.75
$0.92
-72.0%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
247
254
213
-3.0%
Capital expenditure
93.0
108
86.4
-14.0%
Free cash flow
154
146
126
+5.2%
Free cash flow margin
13.4%
13.8%
13.4%
Cash from investing
-223
-49.8
-488
Cash from financing
9.7
-173
118
Depreciation and amortisation
155
158
153
-1.7%
Share-based compensation
9.4
9.2
9.9
+2.3%
Buybacks
0.0
0.0
4.1
Dividends paid
126
122
118
+3.4%
Dividend per share
$1.10
$1.10
$1.10
0.0%
Diluted shares, weighted
113m
110m
107m
+2.3%
Shares outstanding at period end
113m
113m
107m
+0.1%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,739
1,824
1,615
-4.7%
Non-controlling interest
36.1
28.8
30.2
+25.5%
Debt
1,293
1,155
1,323
+11.9%
Other liabilities
195
162
148
+20.0%
Total liabilities and equity
3,263
3,170
3,115
+2.9%
Goodwill
25.0
34.4
39.8
-27.4%
Intangible assets
4.0
27.2
28.2
-85.1%
Cash and equivalents
111
91.4
71.9
+21.3%
Other assets
3,123
3,017
2,975
+3.5%
Total assets
3,263
3,170
3,115
+2.9%
10-K for the year ended 31 December 2019, filed 25 February 2020: the filing.