Quarterly Operating Results (unaudited)

Our unaudited consolidated quarterly operating data for the years ended December 31, 2014 and 2013 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 are 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



2014	First Quarter			Second Quarter		Third Quarter			Fourth Quarter
Total revenues	$	221,349		$	259,515	$	234,056		$	206,667
Income (loss) from continuing operations	$	(20,428	)	$	9,324	$	44,022		$	(5,168	)
Discontinued operations	$	135		$	5	$	(8	)	$	(492	)
Net income (loss) attributable to FelCor	$	(14,818	)	$	24,281	$	72,391		$	10,245
Net income (loss) attributable to FelCor common stockholders	$	(24,496	)	$	14,603	$	62,713		$	567
Comprehensive income (loss) attributable to FelCor	$	(15,254	)	$	24,853	$	47,499		$	10,064
Basic and diluted per common share data:
Net income (loss) from continuing operations	$	(0.20	)	$	0.12	$	0.50		$	0.01
Discontinued operations	$	—		$	—	$	—		$	—
Net income (loss)	$	(0.20	)	$	0.12	$	0.50		$	—
Basic weighted average common shares outstanding	124,146			124,169		124,168			124,188
Diluted weighted average common shares outstanding	124,146			125,386		125,526			125,146



2013	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Total revenues	$	208,937		$	239,856		$	230,429		$	214,214
Loss from continuing operations	$	(27,458	)	$	(28,915	)	$	(8,158	)	$	(19,262	)
Discontinued operations	$	853		$	6,120		$	11,947		$	(910	)
Net income (loss) attributable to FelCor	$	(26,185	)	$	(18,683	)	$	3,230		$	(19,866	)
Net loss attributable to FelCor common stockholders	$	(35,863	)	$	(28,361	)	$	(6,448	)	$	(29,545	)
Comprehensive income (loss) attributable to FelCor	$	(26,540	)	$	(19,247	)	$	3,557		$	(20,376	)
Basic and diluted per common share data:
Net loss from continuing operations	$	(0.30	)	$	(0.28	)	$	(0.14	)	$	(0.23	)
Discontinued operations	$	0.01		$	0.05		$	0.09		$	(0.01	)
Net loss	$	(0.29	)	$	(0.23	)	$	(0.05	)	$	(0.24	)
Basic weighted average common shares outstanding	123,814			123,814			123,817			123,827
Diluted weighted average common shares outstanding	123,814			123,814			123,817			123,827

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

FelCor LP



2014	First Quarter			Second Quarter		Third Quarter			Fourth Quarter
Total revenues	$	221,349		$	259,515	$	234,056		$	206,667
Income (loss) from continuing operations	$	(20,428	)	$	9,324	$	44,022		$	(5,168	)
Discontinued operations	$	135		$	5	$	(8	)	$	(492	)
Net income (loss) attributable to FelCor LP	$	(14,939	)	$	24,352	$	72,576		$	10,247
Net income (loss) attributable to FelCor LP common unitholders	$	(24,617	)	$	14,674	$	62,898		$	569
Comprehensive income (loss) attributable to FelCor LP	$	(15,378	)	$	24,927	$	47,578		$	10,066
Basic and diluted per common unit data:
Net income (loss) from continuing operations	$	(0.20	)	$	0.12	$	0.50		$	0.01
Discontinued operations	$	—		$	—	$	—		$	—
Net income (loss)	$	(0.20	)	$	0.12	$	0.50		$	—
Basic weighted average common units outstanding	124,764			124,783		124,781			124,799
Diluted weighted average common units outstanding	124,764			126,000		126,164			125,764



2013	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Total revenues	$	208,937		$	239,856		$	230,429		$	214,214
Loss from continuing operations	$	(27,458	)	$	(28,915	)	$	(8,158	)	$	(19,262	)
Discontinued operations	$	853		$	6,120		$	11,947		$	(910	)
Net income (loss) attributable to FelCor LP	$	(26,365	)	$	(18,823	)	$	3,198		$	(20,011	)
Net loss attributable to FelCor LP common unitholders	$	(36,043	)	$	(28,501	)	$	(6,480	)	$	(29,690	)
Comprehensive income (loss) attributable to FelCor LP	$	(26,722	)	$	(19,390	)	$	3,527		$	(20,524	)
Basic and diluted per common unit data:
Net loss from continuing operations	$	(0.30	)	$	(0.28	)	$	(0.14	)	$	(0.23	)
Discontinued operations	$	0.01		$	0.05		$	0.09		$	(0.01	)
Net loss	$	(0.29	)	$	(0.23	)	$	(0.05	)	$	(0.24	)
Basic weighted average common units outstanding	124,435			124,435			124,435			124,444
Diluted weighted average common units outstanding	124,435			124,435			124,435			124,444