Quarterly Operating Results (unaudited)

Our unaudited consolidated quarterly operating data for the years ended December 31, 2016 and 2015 follows (in thousands, except per share/unit data). In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of quarterly results have been reflected in the data. It is also management’s opinion, however, that quarterly operating data for hotel enterprises is not indicative of results to be achieved in succeeding quarters or years. In order to obtain a more accurate indication of performance, there should be a review of operating results, changes in stockholders’ equity (or partners’ capital) and cash flows for a period of several years.

FelCor



2016	First Quarter			Second Quarter		Third Quarter			Fourth Quarter
Total revenues	$	210,144		$	237,906	$	222,981		$	195,923
Income (loss) from continuing operations	$	(4,367	)	$	14,400	$	(9,761	)	$	730
Discontinued operations	$	—		$	—	$	(3,131	)	$	—
Net income (loss) attributable to FelCor	$	(4,922	)	$	13,391	$	(5,099	)	$	128
Net income (loss) attributable to FelCor common stockholders	$	(11,201	)	$	7,112	$	(11,378	)	$	(6,150	)
Comprehensive income (loss) attributable to FelCor	$	(4,922	)	$	13,391	$	(5,099	)	$	128
Basic and diluted per common share data:
Net income (loss) from continuing operations	$	(0.08	)	$	0.05	$	(0.06	)	$	(0.04	)
Discontinued operations	$	—		$	—	$	(0.02	)	$	—
Net income (loss)	$	(0.08	)	$	0.05	$	(0.08	)	$	(0.04	)
Basic weighted average common shares outstanding	139,678			138,182		137,464			137,244
Diluted weighted average common shares outstanding	139,678			138,678		137,464			137,244



2015	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Total revenues	$	213,695		$	241,103		$	225,152		$	206,304
Loss from continuing operations	$	(4,895	)	$	(2,614	)	$	(11,785	)	$	(4,266	)
Discontinued operations	$	4		$	(83	)	$	498		$	250
Net income (loss) attributable to FelCor	$	6,783		$	(3,284	)	$	(8,208	)	$	(4,156	)
Net loss attributable to FelCor common stockholders	$	(2,895	)	$	(17,283	)	$	(14,487	)	$	(10,434	)
Comprehensive income (loss) attributable to FelCor	$	6,783		$	(3,284	)	$	(8,208	)	$	(4,156	)
Basic and diluted per common share data:
Net loss from continuing operations	$	(0.02	)	$	(0.12	)	$	(0.10	)	$	(0.07	)
Basic weighted average common shares outstanding	124,519			140,322			142,982			142,823
Diluted weighted average common shares outstanding	124,519			140,322			142,982			142,823

23. Quarterly Operating Results (unaudited) – (continued)

FelCor LP



2016	First Quarter			Second Quarter		Third Quarter			Fourth Quarter
Total revenues	$	210,144		$	237,906	$	222,981		$	195,923
Income (loss) from continuing operations	$	(4,367	)	$	14,400	$	(9,761	)	$	730
Discontinued operations	$	—		$	—	$	(3,131	)	$	—
Net income (loss) attributable to FelCor LP	$	(4,970	)	$	13,422	$	(5,149	)	$	102
Net income (loss) attributable to FelCor LP common unitholders	$	(11,249	)	$	7,143	$	(11,428	)	$	(6,176	)
Comprehensive income (loss) attributable to FelCor LP	$	(4,970	)	$	13,422	$	(5,149	)	$	102
Basic and diluted per common unit data:
Net income (loss) from continuing operations	$	(0.08	)	$	0.05	$	(0.06	)	$	(0.04	)
Discontinued operations	$	—		$	—	$	(0.02	)	$	—
Net income (loss)	$	(0.08	)	$	0.05	$	(0.08	)	$	(0.04	)
Basic weighted average common units outstanding	140,289			138,793		138,075			137,854
Diluted weighted average common units outstanding	140,289			139,289		138,075			137,854



2015	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Total revenues	$	213,695		$	241,103		$	225,152		$	206,304
Loss from continuing operations	$	(4,895	)	$	(2,614	)	$	(11,785	)	$	(4,266	)
Discontinued operations	$	4		$	(83	)	$	498		$	250
Net income (loss) attributable to FelCor LP	$	6,769		$	(3,359	)	$	(8,269	)	$	(4,200	)
Net loss attributable to FelCor LP common unitholders	$	(2,909	)	$	(17,358	)	$	(14,548	)	$	(10,478	)
Comprehensive income (loss) attributable to FelCor LP	$	6,769		$	(3,359	)	$	(8,269	)	$	(4,200	)
Basic and diluted per common unit data:
Net loss from continuing operations	$	(0.02	)	$	(0.12	)	$	(0.10	)	$	(0.07	)
Basic weighted average common units outstanding	125,130			140,933			143,594			143,434
Diluted weighted average common units outstanding	125,130			140,933			143,594			143,434