XML 18 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Hotel operating revenue $ 247,977 $ 240,133 $ 464,642 $ 444,221
Other revenue 1,050 956 1,449 1,231
Total revenues 249,027 241,089 466,091 445,452
Expenses:        
Hotel departmental expenses 88,011 83,336 171,216 160,825
Other property-related costs 62,650 60,699 124,648 120,059
Management and franchise fees 9,315 11,254 18,845 20,898
Taxes, insurance and lease expense 25,245 24,423 47,754 45,990
Corporate expenses 6,694 6,167 14,526 14,379
Depreciation and amortization 31,132 29,773 62,146 59,310
Impairment loss 27,706 0 27,706 0
Conversion Expenses 587 0 1,215 0
Other expenses 3,916 800 4,737 1,763
Total operating expenses 255,256 216,452 472,793 423,224
Operating income (loss) (6,229) 24,637 (6,702) 22,228
Interest expense, net (26,574) (30,933) (53,057) (61,328)
Debt extinguishment 0 (137) 0 (144)
Loss before equity in income (loss) from unconsolidated entities (32,803) (6,433) (59,759) (39,244)
Equity in income (loss) from unconsolidated entities 1,905 1,362 1,994 1,138
Income (loss) from continuing operations (30,898) (5,071) (57,765) (38,106)
Income (loss) from discontinued operations 8,103 17,099 8,365 21,273
Net income (loss) (22,795) 12,028 (49,400) (16,833)
Net loss (income) attributable to noncontrolling interests in other partnerships 3,972 (148) 4,212 54
Net loss (income) attributable to redeemable noncontrolling interests in FelCor LP 140 (11) 320 185
Net income (loss) attributable to reporting entity (18,683) 11,869 (44,868) (16,594)
Preferred dividends (9,678) (9,678) (19,356) (19,356)
Net income (loss) attributable to FelCor common stockholders (28,361) 2,191 (64,224) (35,950)
Basic and diluted per common share/unit data:        
Loss from continuing operations (in dollars per share) $ (0.29) $ (0.12) $ (0.59) $ (0.46)
Net income (loss) (in dollars per share) $ (0.23) $ 0.02 $ (0.52) $ (0.29)
Basic and diluted weighted average common shares outstanding (in shares) 123,814 123,638 123,814 123,651
FelCor Lodging LP [Member]
       
Revenues:        
Hotel operating revenue 247,977 240,133 464,642 444,221
Other revenue 1,050 956 1,449 1,231
Total revenues 249,027 241,089 466,091 445,452
Expenses:        
Hotel departmental expenses 88,011 83,336 171,216 160,825
Other property-related costs 62,650 60,699 124,648 120,059
Management and franchise fees 9,315 11,254 18,845 20,898
Taxes, insurance and lease expense 25,245 24,423 47,754 45,990
Corporate expenses 6,694 6,167 14,526 14,379
Depreciation and amortization 31,132 29,773 62,146 59,310
Impairment loss 27,706 0 27,706 0
Conversion Expenses 587 0 1,215 0
Other expenses 3,916 800 4,737 1,763
Total operating expenses 255,256 216,452 472,793 423,224
Operating income (loss) (6,229) 24,637 (6,702) 22,228
Interest expense, net (26,574) (30,933) (53,057) (61,328)
Debt extinguishment 0 (137) 0 (144)
Loss before equity in income (loss) from unconsolidated entities (32,803) (6,433) (59,759) (39,244)
Equity in income (loss) from unconsolidated entities 1,905 1,362 1,994 1,138
Income (loss) from continuing operations (30,898) (5,071) (57,765) (38,106)
Income (loss) from discontinued operations 8,103 17,099 8,365 21,273
Net income (loss) (22,795) 12,028 (49,400) (16,833)
Net loss (income) attributable to noncontrolling interests in other partnerships 3,972 (148) 4,212 54
Net income (loss) attributable to reporting entity (18,823) 11,880 (45,188) (16,779)
Preferred dividends (9,678) (9,678) (19,356) (19,356)
Net income (loss) attributable to FelCor LP common unitholders $ (28,501) $ 2,202 $ (64,544) $ (36,135)
Basic and diluted per common share/unit data:        
Loss from continuing operations (in dollars per share) $ (0.29) $ (0.12) $ (0.59) $ (0.46)
Net income (loss) (in dollars per share) $ (0.23) $ 0.02 $ (0.52) $ (0.29)
Basic and diluted weighted average common shares outstanding (in shares) 124,435 124,266 124,435 124,283