Sotherly Hotels Inc. (SOHO) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Food and beverage department	29.6							33.3
Rooms department	109.6							96.8
Other operating departments	27.0							8.4
Total revenues [+]	166.1	127.6	71.5	185.8	178.2	154.3	152.8	138.5
Food & beverage								33.3
Room / occupancy								96.8
Other hotel								8.4
Revenue growth [+]	30.2%	78.4%	-61.5%	4.3%	15.5%	0.9%	10.3%	12.7%
Food and beverage department								5.8%
Rooms department								14.4%
Other operating departments								22.5%
Cost of goods sold [+]	119.6	96.7	74.7	138.9	130.5	113.3	112.8	49.8
Food and beverage costs								23.0
Direct hotel costs								101.9
Occupancy costs								25.0
Other direct hotel costs								1.8
Gross profit	46.5	30.9	-3.2	46.9	47.7	41.0	40.0	88.7
Gross margin	28.0%	24.2%	-4.5%	25.3%	26.8%	26.6%	26.2%	64.0%
Selling, general and administrative [+]	6.6	7.0	6.5	6.8	6.2	6.3	6.0	7.3
General and administrative	6.6	7.0	6.5	6.8	6.2	6.3	6.0	7.3
Equity in earnings								0.5
Other operating expenses								52.1
EBITDA [+]	39.8	23.9	-9.7	40.1	41.5	34.7	34.0	29.9
EBITDA growth	66.7%	-345.9%	-124.2%	-3.4%	19.8%	1.9%	13.9%	6.8%
EBITDA margin	24.0%	18.7%	-13.6%	21.6%	23.3%	22.5%	22.2%	21.6%
Depreciation and amortization	18.7	19.9	19.9	21.6	20.9	17.0	15.0	13.6
EBIT [+]	21.2	4.0	-29.6	18.5	20.6	17.7	19.0	16.3
EBIT growth	431.3%	-113.5%	-260.3%	-10.4%	16.8%	-7.0%	16.7%	1.7%
EBIT margin	12.8%	3.1%	-41.4%	9.9%	11.6%	11.4%	12.4%	11.7%
Non-recurring items [+]	0.6	12.0	0.1	0.1	0.5	1.5	0.4	0.5
Asset impairment		12.2						0.5
Loss (gain) on sale of assets	0.6	-0.2	0.1	0.1	0.5	1.5	0.4	0.0
Interest expense, net [+]	19.6	22.5	17.8	19.3	19.6	15.5	17.6	16.5
Interest expense	19.8	22.7	18.1	19.8	20.0	15.7	17.7	16.5
Interest income	0.2	0.1	0.2	0.4	0.4	0.2	0.1	0.1
Other income (expense), net [+]	33.5	2.1	-0.8	1.9	-0.6	1.1	-1.5	5.7
Gain (loss) on sale of assets						0.1
Gain (loss) on debt retirement	-5.9			-1.2	-0.8	-1.2	-1.4	-0.8
Pre-tax income	34.5	-28.5	-48.4	0.9	-0.1	1.8	-0.5	5.1
Income taxes	0.5	0.0	5.3	-0.2	0.5	1.7	-1.4	-1.3
Tax rate	1.5%					98.3%	292.6%
Minority interest	-1.4	-2.3	-4.5	-0.7	-0.7	-0.4	0.0	-1.0
Net income	32.5	-33.4	-57.9	-5.9	-5.7	-3.3	-0.2	5.4
Net margin	19.6%	-26.2%	-81.0%	-3.2%	-3.2%	-2.2%	-0.1%	3.9%

Basic EPS [+]	$24,966.82	($2.15)	($4.05)	($0.43)	($0.42)	($0.24)	($0.01)	$0.43
Growth	-1161042.6%	-46.9%	834.5%	2.4%	75.3%	1548.7%	-103.4%	-858.1%
Diluted EPS [+]	$0.00	($2.15)	($4.05)	($0.43)	($0.42)	($0.24)	($0.01)	$0.43
Growth	-100.1%	-46.9%	834.5%	2.4%	75.3%	1548.7%	-103.4%	-858.1%

Dividends per share [+]							$0.39	$0.33
Growth						-100.0%	20.1%	26.4%

Shares outstanding (basic) [+]	0.0	15.5	14.3	13.6	13.5	13.8	14.9	12.5
Growth	-100.0%	8.5%	4.9%	0.9%	-2.3%	-7.2%	18.8%	20.9%
Shares outstanding (diluted) [+]	23,240.4	15.5	14.3	13.6	13.5	13.8	14.9	12.5
Growth	149532.0%	8.5%	4.9%	0.9%	-2.3%	-7.2%	18.8%	20.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.