Xenia Hotels & Resorts (XHR) FY2020 results: revenue $370 million, down 67.8% on the year
Xenia Hotels & Resorts, Inc. (XHR) reported revenue of $370 million for fiscal 2020, the year ended 31 December 2020, down 67.8% on the year before. Net income was -$163 million, and diluted earnings per share $-1.44. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$370 million
-67.8% on the year
FY2016FY2020
Operating margin
-65.4%
9.7% a year earlier
FY2016FY2020
Net income
-$163 million
FY2016FY2020
Diluted EPS
-$1.44
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
370
1,149
1,058
-67.8%
Cost of revenue
352
773
690
-54.5%
Gross profit
18.2
376
368
-95.2%
Gross margin
4.9%
32.7%
34.8%
Operating income
-242
111
132
Operating margin
-65.4%
9.7%
12.5%
Interest expense
62.0
48.6
51.4
+27.5%
Pre-tax income
-183
62.6
205
Income tax
-15.9
5.4
6.0
Effective tax rate
n/a
8.6%
2.9%
Net income
-163
55.4
194
Net margin
-44.2%
4.8%
18.3%
Diluted EPS
-$1.44
$0.49
$1.75
$ 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
-77.7
247
254
Capital expenditure
69.2
93.0
108
-25.6%
Free cash flow
-147
154
146
Free cash flow margin
-39.7%
13.4%
13.8%
Cash from investing
254
-223
-49.8
Cash from financing
57.4
9.7
-173
+494.2%
Depreciation and amortisation
147
155
158
-5.6%
Share-based compensation
10.9
9.4
9.2
+16.5%
Buybacks
2.3
0.0
0.0
Dividends paid
63.2
126
122
-49.8%
Dividend per share
$0.28
$1.10
$1.10
-75.0%
Diluted shares, weighted
113m
113m
110m
+0.5%
Shares outstanding at period end
114m
113m
113m
+1.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,554
1,739
1,824
-10.6%
Non-controlling interest
12.8
36.1
28.8
-64.6%
Debt
1,374
1,293
1,155
+6.3%
Other liabilities
138
195
162
-29.0%
Total liabilities and equity
3,080
3,263
3,170
-5.6%
Goodwill
4.8
25.0
34.4
-80.6%
Intangible assets
1.6
4.0
27.2
-60.3%
Cash and equivalents
390
111
91.4
+251.7%
Other assets
2,683
3,123
3,017
-14.1%
Total assets
3,080
3,263
3,170
-5.6%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.