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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Hotel operating revenue $ 236,049 $ 258,279 $ 449,334 $ 479,301
Other revenue 5,054 1,236 5,464 1,563
Total revenues 241,103 259,515 454,798 480,864
Expenses:        
Hotel departmental expenses 80,032 89,628 157,688 173,151
Other property-related costs 57,791 62,912 114,686 124,490
Management and franchise fees 9,202 10,160 18,287 19,173
Taxes, insurance and lease expense 16,579 26,992 31,555 50,625
Corporate expenses 6,530 7,647 15,103 15,472
Depreciation and amortization 28,750 29,082 56,522 58,683
Other expenses 1,411 2,114 5,639 4,128
Total operating expenses 200,295 228,535 399,480 445,722
Operating income 40,808 30,980 55,318 35,142
Interest expense, net (20,278) (24,495) (39,759) (49,722)
Debt extinguishment (30,823) (27) (30,896) (33)
Other gains, net 166 100 166 100
Income (loss) before equity in income from unconsolidated entities (10,127) 6,558 (15,171) (14,513)
Equity in income from unconsolidated entities 7,513 2,766 7,662 3,409
Income (loss) from continuing operations (2,614) 9,324 (7,509) (11,104)
Income (loss) from discontinued operations (83) 5 (79) 140
Income (loss) before gain (loss) on sale of hotels (2,697) 9,329 (7,588) (10,964)
Gain (loss) on sale of hotels, net (550) 15,626 16,337 21,083
Net income (loss) (3,247) 24,955 8,749 10,119
Net loss (income) attributable to noncontrolling interests in other partnerships 247 (262) (4,632) (184)
Net loss (income) attributable to redeemable noncontrolling interests in FelCor LP 75 (71) 89 50
Preferred distributions - consolidated joint venture (359) (341) (707) (522)
Net income (loss) attributable to reporting entity (3,284) 24,281 3,499 9,463
Preferred dividends (7,903) (9,678) (17,581) (19,356)
Redemption of preferred stock (6,096) 0 (6,096) 0
Net income (loss) attributable to FelCor common stockholders $ (17,283) $ 14,603 $ (20,178) $ (9,893)
Basic and diluted per common share/unit data:        
Income (Loss) from Continuing Operations, Per Basic and Diluted Share $ (0.12) $ 0.12 $ (0.15) $ (0.08)
Earnings Per Share, Basic and Diluted $ (0.12) $ 0.12 $ (0.15) $ (0.08)
Weighted Average Number of Shares Outstanding, Basic 140,322 124,169 132,465 124,158
Weighted Average Number of Shares Outstanding, Diluted 140,322 125,386 132,465 124,158
FelCor Lodging LP [Member]        
Revenues:        
Hotel operating revenue $ 236,049 $ 258,279 $ 449,334 $ 479,301
Other revenue 5,054 1,236 5,464 1,563
Total revenues 241,103 259,515 454,798 480,864
Expenses:        
Hotel departmental expenses 80,032 89,628 157,688 173,151
Other property-related costs 57,791 62,912 114,686 124,490
Management and franchise fees 9,202 10,160 18,287 19,173
Taxes, insurance and lease expense 16,579 26,992 31,555 50,625
Corporate expenses 6,530 7,647 15,103 15,472
Depreciation and amortization 28,750 29,082 56,522 58,683
Other expenses 1,411 2,114 5,639 4,128
Total operating expenses 200,295 228,535 399,480 445,722
Operating income 40,808 30,980 55,318 35,142
Interest expense, net (20,278) (24,495) (39,759) (49,722)
Debt extinguishment (30,823) (27) (30,896) (33)
Other gains, net 166 100 166 100
Income (loss) before equity in income from unconsolidated entities (10,127) 6,558 (15,171) (14,513)
Equity in income from unconsolidated entities 7,513 2,766 7,662 3,409
Income (loss) from continuing operations (2,614) 9,324 (7,509) (11,104)
Income (loss) from discontinued operations (83) 5 (79) 140
Income (loss) before gain (loss) on sale of hotels (2,697) 9,329 (7,588) (10,964)
Gain (loss) on sale of hotels, net (550) 15,626 16,337 21,083
Net income (loss) (3,247) 24,955 8,749 10,119
Net loss (income) attributable to noncontrolling interests in other partnerships 247 (262) (4,632) (184)
Preferred distributions - consolidated joint venture (359) (341) (707) (522)
Net income (loss) attributable to reporting entity (3,359) 24,352 3,410 9,413
Preferred dividends (7,903) (9,678) (17,581) (19,356)
Redemption of preferred stock (6,096) 0 (6,096) 0
Net income (loss) attributable to FelCor LP common unitholders $ (17,358) $ 14,674 $ (20,267) $ (9,943)
Basic and diluted per common share/unit data:        
Income (Loss) from Continuing Operations, Per Basic and Diluted Share $ (0.12) $ 0.12 $ (0.15) $ (0.08)
Earnings Per Share, Basic and Diluted $ (0.12) $ 0.12 $ (0.15) $ (0.08)
Weighted Average Number of Shares Outstanding, Basic 140,933 124,783 133,076 124,774
Weighted Average Number of Shares Outstanding, Diluted 140,933 126,000 133,076 124,774