Apple Hospitality REIT Inc
NYSE:APLE
Income Statement
Earnings Waterfall
Apple Hospitality REIT Inc
Income Statement
Apple Hospitality REIT Inc
| Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
2
|
1
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
5
|
8
|
11
|
11
|
11
|
11
|
9
|
8
|
6
|
6
|
5
|
3
|
1
|
0
|
4
|
(2)
|
0
|
(2)
|
4
|
(2)
|
0
|
0
|
0
|
|
| Revenue |
85
N/A
|
114
+34%
|
118
+3%
|
134
+13%
|
160
+20%
|
200
+25%
|
255
+27%
|
296
+16%
|
321
+8%
|
337
+5%
|
349
+4%
|
357
+2%
|
366
+2%
|
370
+1%
|
377
+2%
|
384
+2%
|
388
+1%
|
433
+12%
|
561
+30%
|
692
+23%
|
804
+16%
|
877
+9%
|
879
+0%
|
888
+1%
|
898
+1%
|
913
+2%
|
936
+3%
|
972
+4%
|
1 041
+7%
|
1 109
+7%
|
1 184
+7%
|
1 232
+4%
|
1 239
+1%
|
1 244
+0%
|
1 257
+1%
|
1 264
+1%
|
1 271
+0%
|
1 276
+0%
|
1 272
0%
|
1 272
0%
|
1 267
0%
|
1 201
-5%
|
941
-22%
|
758
-19%
|
602
-21%
|
523
-13%
|
689
+32%
|
817
+19%
|
934
+14%
|
1 036
+11%
|
1 126
+9%
|
1 190
+6%
|
1 238
+4%
|
1 290
+4%
|
1 313
+2%
|
1 331
+1%
|
1 344
+1%
|
1 362
+1%
|
1 390
+2%
|
1 411
+1%
|
1 431
+1%
|
1 430
0%
|
1 424
0%
|
1 419
0%
|
1 412
0%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(38)
|
(42)
|
(49)
|
(57)
|
(71)
|
(89)
|
(108)
|
(125)
|
(134)
|
(140)
|
(144)
|
(147)
|
(150)
|
(152)
|
(154)
|
(157)
|
(159)
|
(179)
|
(233)
|
(289)
|
(339)
|
(373)
|
(373)
|
(375)
|
(378)
|
(381)
|
(388)
|
(404)
|
(434)
|
(464)
|
(496)
|
(514)
|
(517)
|
(531)
|
(548)
|
(563)
|
(578)
|
(576)
|
(571)
|
(569)
|
(566)
|
(540)
|
(438)
|
(358)
|
(286)
|
(248)
|
(300)
|
(342)
|
(383)
|
(420)
|
(454)
|
(482)
|
(505)
|
(527)
|
(539)
|
(547)
|
(554)
|
(562)
|
(573)
|
(585)
|
(595)
|
(596)
|
(599)
|
(601)
|
(602)
|
|
| Gross Profit |
47
N/A
|
72
+53%
|
69
-4%
|
76
+10%
|
89
+16%
|
111
+25%
|
147
+32%
|
172
+17%
|
186
+9%
|
197
+5%
|
205
+4%
|
211
+3%
|
216
+3%
|
218
+1%
|
223
+2%
|
227
+2%
|
229
+1%
|
253
+11%
|
327
+29%
|
403
+23%
|
465
+15%
|
504
+9%
|
506
+0%
|
513
+1%
|
520
+1%
|
531
+2%
|
547
+3%
|
567
+4%
|
607
+7%
|
645
+6%
|
688
+7%
|
718
+4%
|
722
+1%
|
713
-1%
|
710
0%
|
701
-1%
|
693
-1%
|
700
+1%
|
701
+0%
|
703
+0%
|
700
0%
|
661
-6%
|
503
-24%
|
400
-20%
|
316
-21%
|
274
-13%
|
389
+42%
|
475
+22%
|
551
+16%
|
616
+12%
|
672
+9%
|
708
+5%
|
733
+4%
|
763
+4%
|
774
+2%
|
784
+1%
|
790
+1%
|
800
+1%
|
817
+2%
|
826
+1%
|
837
+1%
|
834
0%
|
825
-1%
|
818
-1%
|
810
-1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(38)
|
(46)
|
(51)
|
(58)
|
(71)
|
(86)
|
(103)
|
(117)
|
(126)
|
(132)
|
(135)
|
(138)
|
(138)
|
(140)
|
(142)
|
(143)
|
(143)
|
(159)
|
(205)
|
(253)
|
(299)
|
(330)
|
(328)
|
(328)
|
(332)
|
(336)
|
(345)
|
(356)
|
(382)
|
(409)
|
(437)
|
(457)
|
(464)
|
(455)
|
(449)
|
(440)
|
(432)
|
(441)
|
(448)
|
(458)
|
(465)
|
(474)
|
(450)
|
(437)
|
(424)
|
(408)
|
(428)
|
(443)
|
(456)
|
(467)
|
(483)
|
(493)
|
(502)
|
(540)
|
(549)
|
(532)
|
(537)
|
(542)
|
(549)
|
(554)
|
(561)
|
(564)
|
(563)
|
(563)
|
(560)
|
|
| Selling, General & Administrative |
(24)
|
(27)
|
(30)
|
(35)
|
(43)
|
(52)
|
(62)
|
(72)
|
(77)
|
(82)
|
(84)
|
(86)
|
(86)
|
(87)
|
(88)
|
(89)
|
(88)
|
(98)
|
(127)
|
(157)
|
(186)
|
(205)
|
(203)
|
(202)
|
(205)
|
(206)
|
(212)
|
(218)
|
(233)
|
(251)
|
(268)
|
(282)
|
(288)
|
(278)
|
(269)
|
(259)
|
(249)
|
(255)
|
(259)
|
(267)
|
(272)
|
(280)
|
(253)
|
(238)
|
(224)
|
(209)
|
(232)
|
(254)
|
(272)
|
(286)
|
(303)
|
(312)
|
(321)
|
(333)
|
(342)
|
(348)
|
(354)
|
(358)
|
(363)
|
(365)
|
(370)
|
(373)
|
(371)
|
(371)
|
(367)
|
|
| Depreciation & Amortization |
(14)
|
(19)
|
(21)
|
(24)
|
(28)
|
(34)
|
(41)
|
(46)
|
(48)
|
(50)
|
(51)
|
(52)
|
(53)
|
(53)
|
(54)
|
(54)
|
(55)
|
(61)
|
(78)
|
(96)
|
(113)
|
(124)
|
(125)
|
(126)
|
(127)
|
(130)
|
(133)
|
(138)
|
(148)
|
(158)
|
(169)
|
(175)
|
(177)
|
(178)
|
(179)
|
(181)
|
(184)
|
(187)
|
(189)
|
(191)
|
(193)
|
(195)
|
(197)
|
(199)
|
(200)
|
(199)
|
(196)
|
(190)
|
(185)
|
(181)
|
(180)
|
(181)
|
(182)
|
(182)
|
(183)
|
(183)
|
(183)
|
(184)
|
(186)
|
(189)
|
(191)
|
(192)
|
(192)
|
(192)
|
(193)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(24)
|
(24)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
9
N/A
|
26
+199%
|
18
-32%
|
18
-1%
|
18
-1%
|
25
+41%
|
44
+77%
|
55
+23%
|
61
+12%
|
65
+6%
|
69
+7%
|
72
+4%
|
78
+7%
|
78
+1%
|
81
+4%
|
84
+3%
|
86
+2%
|
95
+11%
|
122
+29%
|
151
+23%
|
166
+10%
|
174
+5%
|
179
+3%
|
185
+3%
|
188
+2%
|
195
+4%
|
203
+4%
|
211
+4%
|
226
+7%
|
236
+4%
|
251
+6%
|
261
+4%
|
258
-1%
|
258
+0%
|
261
+1%
|
261
+0%
|
261
0%
|
259
-1%
|
254
-2%
|
246
-3%
|
235
-4%
|
187
-21%
|
53
-72%
|
(37)
N/A
|
(108)
-191%
|
(134)
-24%
|
(38)
+71%
|
32
N/A
|
94
+193%
|
149
+58%
|
190
+27%
|
215
+14%
|
231
+7%
|
223
-4%
|
225
+1%
|
252
+12%
|
253
+0%
|
258
+2%
|
268
+4%
|
272
+2%
|
276
+1%
|
270
-2%
|
261
-3%
|
255
-3%
|
250
-2%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(9)
|
1
|
(1)
|
(6)
|
(10)
|
(24)
|
(28)
|
(28)
|
(31)
|
(33)
|
(34)
|
(37)
|
(38)
|
(40)
|
(43)
|
(45)
|
(47)
|
(47)
|
(48)
|
(49)
|
(50)
|
(51)
|
(55)
|
(57)
|
(59)
|
(61)
|
(61)
|
(64)
|
(68)
|
(71)
|
(74)
|
(74)
|
(72)
|
(68)
|
(64)
|
(61)
|
(59)
|
(60)
|
(61)
|
(63)
|
(66)
|
(69)
|
(70)
|
(72)
|
(76)
|
(78)
|
(80)
|
(81)
|
(82)
|
(81)
|
|
| Non-Reccuring Items |
(5)
|
(6)
|
(8)
|
(10)
|
(19)
|
(20)
|
(18)
|
(14)
|
(5)
|
(3)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(2)
|
(3)
|
(122)
|
(124)
|
(131)
|
(133)
|
(15)
|
(19)
|
(11)
|
(52)
|
(51)
|
(47)
|
(88)
|
(41)
|
(48)
|
(44)
|
(2)
|
(43)
|
(35)
|
(41)
|
(41)
|
(3)
|
(2)
|
1
|
(6)
|
(1)
|
6
|
2
|
8
|
6
|
(9)
|
(6)
|
(6)
|
(7)
|
(1)
|
(0)
|
2
|
(24)
|
0
|
0
|
(26)
|
(6)
|
12
|
13
|
10
|
17
|
2
|
2
|
4
|
7
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
16
|
15
|
15
|
15
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
16
|
16
|
16
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
3
N/A
|
19
+582%
|
9
-51%
|
7
-25%
|
(3)
N/A
|
4
N/A
|
24
+521%
|
37
+58%
|
51
+37%
|
57
+11%
|
62
+10%
|
65
+4%
|
70
+8%
|
70
+1%
|
73
+4%
|
73
+0%
|
83
+14%
|
(28)
N/A
|
(8)
+73%
|
10
N/A
|
9
-8%
|
147
+1 572%
|
147
+0%
|
159
+8%
|
118
-26%
|
109
-8%
|
119
+10%
|
86
-28%
|
145
+69%
|
145
0%
|
178
+23%
|
227
+28%
|
183
-19%
|
191
+4%
|
171
-11%
|
170
0%
|
207
+22%
|
203
-2%
|
197
-3%
|
181
-8%
|
173
-5%
|
132
-24%
|
(9)
N/A
|
(96)
-992%
|
(173)
-80%
|
(217)
-25%
|
(118)
+46%
|
(45)
+62%
|
19
N/A
|
84
+335%
|
129
+54%
|
158
+22%
|
147
-7%
|
162
+10%
|
162
N/A
|
160
-1%
|
179
+12%
|
200
+12%
|
208
+4%
|
206
-1%
|
215
+4%
|
192
-11%
|
182
-5%
|
177
-3%
|
176
0%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Income from Continuing Operations |
3
|
19
|
9
|
7
|
(3)
|
4
|
24
|
37
|
50
|
57
|
62
|
64
|
69
|
69
|
71
|
72
|
82
|
(30)
|
(9)
|
8
|
7
|
145
|
146
|
157
|
117
|
108
|
119
|
85
|
145
|
144
|
177
|
226
|
183
|
190
|
170
|
170
|
206
|
202
|
197
|
181
|
172
|
131
|
(9)
|
(96)
|
(173)
|
(217)
|
(118)
|
(46)
|
19
|
83
|
128
|
156
|
145
|
160
|
160
|
159
|
177
|
199
|
207
|
205
|
214
|
191
|
181
|
176
|
175
|
|
| Net Income (Common) |
17
N/A
|
19
+13%
|
19
-2%
|
21
+13%
|
16
-23%
|
27
+68%
|
43
+55%
|
57
+33%
|
70
+23%
|
77
+10%
|
79
+3%
|
76
-4%
|
76
-1%
|
71
-7%
|
71
+1%
|
72
+0%
|
115
+61%
|
4
-97%
|
24
+534%
|
41
+71%
|
7
-83%
|
145
+2 035%
|
146
+0%
|
157
+8%
|
117
-25%
|
108
-8%
|
119
+10%
|
85
-28%
|
145
+70%
|
144
0%
|
177
+23%
|
226
+28%
|
183
-19%
|
190
+4%
|
170
-11%
|
170
0%
|
206
+22%
|
202
-2%
|
197
-3%
|
181
-8%
|
172
-5%
|
131
-24%
|
(9)
N/A
|
(96)
-937%
|
(173)
-80%
|
(217)
-25%
|
(118)
+45%
|
(46)
+62%
|
19
N/A
|
83
+343%
|
128
+54%
|
156
+21%
|
145
-7%
|
160
+10%
|
160
N/A
|
159
0%
|
177
+12%
|
199
+12%
|
207
+4%
|
205
-1%
|
214
+4%
|
191
-11%
|
181
-5%
|
176
-3%
|
175
0%
|
|
| EPS (Diluted) |
0.51
N/A
|
0.36
-29%
|
0.35
-3%
|
0.29
-17%
|
0.24
-17%
|
0.3
+25%
|
0.46
+53%
|
0.62
+35%
|
0.76
+23%
|
0.84
+11%
|
0.86
+2%
|
0.83
-3%
|
0.82
-1%
|
0.76
-7%
|
0.79
+4%
|
0.79
N/A
|
1.26
+59%
|
0.02
-98%
|
0.14
+600%
|
0.21
+50%
|
0.04
-81%
|
0.78
+1 850%
|
0.79
+1%
|
0.89
+13%
|
0.65
-27%
|
0.61
-6%
|
0.68
+11%
|
0.44
-35%
|
0.76
+73%
|
0.64
-16%
|
0.8
+25%
|
1.01
+26%
|
0.82
-19%
|
0.84
+2%
|
0.74
-12%
|
0.73
-1%
|
0.9
+23%
|
0.9
N/A
|
0.87
-3%
|
0.81
-7%
|
0.77
-5%
|
0.59
-23%
|
-0.04
N/A
|
-0.43
-975%
|
-0.77
-79%
|
-0.97
-26%
|
-0.53
+45%
|
-0.21
+60%
|
0.08
N/A
|
0.37
+362%
|
0.57
+54%
|
0.69
+21%
|
0.63
-9%
|
0.7
+11%
|
0.7
N/A
|
0.7
N/A
|
0.77
+10%
|
0.81
+5%
|
0.85
+5%
|
0.85
N/A
|
0.89
+5%
|
0.79
-11%
|
0.76
-4%
|
0.74
-3%
|
0.74
N/A
|
|