Extended Stay America Financials

$351 B

Revenue Q3, 2017

$3.4 B

Mkt cap, 13-Dec-2017
Net income (Q3, 2017)66.3 B
EBIT (Q3, 2017)118 B
Cash, 30-Sep-2017116.7 M

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

942.9 m1 b1.1 b1.2 b1.3 b1.3 b

Revenue growth, %

7%12%7%6%(1%)

EBIT

312.1 m348.7 m500.1 m360.7 m

EBIT margin, %

28%29%39%28%

Interest expense

212.5 m257.7 m234.6 m149.4 m164.5 m

Interest income

134 k

Pre tax profit

195.6 m197.7 m

Income tax expense

7.1 m4.6 m(5 m)45.1 m34.4 m

Net Income

82.7 m150.6 m283 m163.4 m

Quarterly

USDQ1, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

287.6 m340.3 m360.5 m287.6 m332.8 m355 b291 b338 b351 b

General and administrative expense

23.5 m26 m24.4 m25 m24 m24.6 b26.3 b25.4 b23.8 b

Operating expense total

217.7 m223.1 m244.7 m223.8 m228.1 m233 b238 b240 b233 b

EBIT

69.9 m117.3 m115.8 m63.8 m104.7 m121 b52.9 b98.4 b118 b

EBIT margin, %

24%34%32%22%31%34%18%29%34%

Interest expense

31.3 m35.5 m35.2 m47 m35.8 m48.7 b33.6 b31.7 b31.7 b

Pre tax profit

36.8 m82.7 m79.5 m72.9 b20.5 b65.7 b86.5 b

Income tax expense

9 m17.9 m21.3 m2.9 m7.4 m15.9 b4.5 b15.9 b20.3 b

Net Income

16.1 m27.9 m64.8 m58.2 m14.8 m61.4 m57.1 b16.1 b49.7 b66.3 b

Balance Sheet

Annual

USDY, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

11.4 m103.6 m60.5 m121.3 m373.2 m84.2 m

Goodwill

55.6 m53.5 m53.5 m

Total Assets

4.5 b4.5 b4.2 b

Accounts Payable

193.3 m

Total Liabilities

2.8 b

Common Stock

2 m2 m2 m

Preferred Stock

73 k73 k

Additional Paid-in Capital

779.4 m784.2 m774.8 m

Retained Earnings

13.8 m102.2 m23.7 m

Total Equity

1.4 b1.5 b1.4 b

Financial Leverage

3.2 x3 x3 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

15.5 m18.7 m20.4 m71.9 m68.2 m107.5 m172.4 m137.1 m149.8 m64.8 m56.2 m116.7 m

Goodwill

55.6 m55.6 m55.6 m55.6 m55.6 m53.5 m53.5 m53.5 m53.5 m49 m48.9 m48.9 m

Total Assets

4.5 b4.5 b4.5 b4.5 b4.5 b4.6 b4.4 b4.4 b4.3 b4.1 b4.1 b4.1 b

Accounts Payable

200.7 m191.7 m185.5 m189.4 m212.3 m212.9 m222.3 m200.6 m220.3 m196.1 m201.5 m219.5 m

Total Liabilities

3.2 b3.1 b3.1 b3.1 b3.1 b3.1 b3 b3 b2.8 b2.8 b2.7 b2.8 b

Common Stock

2 m2 m2 m2 m2 m2 m2 m1.9 m1.9 m1.9 m

Preferred Stock

21.2 m21.2 m73 k73 k73 k73 k73 k

Additional Paid-in Capital

774.5 m776.6 m778.2 m779.3 m781 m782.9 m781.9 m780.1 m781 m772.5 m769.3 m770.3 m

Retained Earnings

(15 m)28.3 m72.1 m35.4 m89.3 m122.8 m97.8 m130.8 m153.5 m24.3 m42.8 m80 m

Total Equity

1.3 b1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b1.3 b1.3 b1.3 b

Financial Leverage

3.4 x3.3 x3.2 x3.3 x3.2 x3.2 x3.1 x3.1 x2.9 x3.1 x3.1 x3 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

82.7 m150.6 m163.4 m

Depreciation and Amortization

168.1 m187.2 m221.3 m

Accounts Receivable

(2.7 m)

Cash From Operating Activities

(43.1 m)60.9 m251.9 m418.4 m

Purchases of PP&E

(225.3 m)

Cash From Investing Activities

(159.5 m)

Cash From Financing Activities

(547.9 m)

Quarterly

USDQ1, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

16.1 m27.9 m92.7 m150.9 m14.8 m92.7 m150.9 m14.8 m76.1 m133.2 m

Depreciation and Amortization

49.2 m99.7 m152 m53.3 m55 m56 b57.7 b

Accounts Receivable

(10.1 m)181 k

Cash From Operating Activities

223.3 m365.2 m

Purchases of PP&E

(74.1 m)(141.2 m)

Cash From Investing Activities

(189.7 m)(256.7 m)

Long-term Borrowings

(65 m)(65 m)

Cash From Financing Activities

(86.7 m)(122.3 m)

Ratios

Y, 2017

Financial Leverage

3 x

Operating Metrics

Extended Stay America's Rooms was reported to be 68.8 k in Q2, 2017