Xenia Hotels & Resorts (XHR) FY2023 results: revenue $1.0 billion, up 2.8% on the year
Xenia Hotels & Resorts, Inc. (XHR) reported revenue of $1.0 billion for fiscal 2023, the year ended 31 December 2023, up 2.8% on the year before. Net income was $19 million, down 65.8%, and diluted earnings per share $0.17. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$1.0 billion
+2.8% on the year
FY2016FY2023
Operating margin
9.5%
11.2% a year earlier
FY2016FY2023
Net income
$19 million
-65.8% on the year
FY2016FY2023
Diluted EPS
$0.17
-65.3% 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
198
187
40.8
+5.8%
Capital expenditure
121
70.4
31.8
+71.8%
Free cash flow
77.2
117
8.9
-33.9%
Free cash flow margin
7.5%
11.7%
1.5%
Cash from investing
-119
-265
-24.2
Cash from financing
-222
-110
109
Depreciation and amortisation
132
133
129
-0.5%
Share-based compensation
13.2
11.4
11.6
+15.4%
Buybacks
133
28.2
0.0
+370.6%
Dividends paid
0.6
0.6
0.1
-7.8%
Dividend per share
$0.40
$0.20
n/a
+100.0%
Diluted shares, weighted
108m
114m
114m
-5.2%
Shares outstanding at period end
102m
113m
114m
-9.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,291
1,441
1,431
-10.4%
Non-controlling interest
26.5
18.8
7.1
+40.8%
Debt
1,395
1,429
1,494
-2.4%
Other liabilities
190
191
155
-0.6%
Total liabilities and equity
2,902
3,080
3,087
-5.8%
Goodwill
4.8
4.8
4.8
0.0%
Intangible assets
0.0
0.2
0.6
-77.1%
Cash and equivalents
165
305
517
-46.0%
Other assets
2,733
2,770
2,564
-1.3%
Total assets
2,902
3,080
3,087
-5.8%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.