Service Properties Trust (HPT) [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:
Hotels		1,106.5	877.6	2,014.9	1,992.4	1,878.7	1,768.0	1,671.3
Hotel operating revenues						1,840.8	1,733.1
Rental income						326.4	309.6
FF&E reserve income						4.7	4.5
Other		389.1	387.7	301.3	302.2			250.6
Total revenues [+]	1,863.0	1,495.6	1,265.3	2,316.1	2,294.5	2,171.9	2,047.2	1,921.9
Hotels								1,636.8
Revenue growth [+]	24.6%	18.2%	-45.4%	0.9%	5.6%	6.1%	6.5%	10.7%
Hotels		26.1%	-56.4%	1.1%	6.1%	6.3%	5.8%	10.6%
Hotel operating revenues						6.2%
Rental income						5.4%
FF&E reserve income						3.6%
Cost of goods sold	1,639.5	15.7	15.2	8.4	5.3	1,279.5	1,202.5	1,144.0
Gross profit	223.6	1,479.9	1,250.0	2,307.8	2,289.2	892.4	844.7	777.9
Gross margin	12.0%	99.0%	98.8%	99.6%	99.8%	41.1%	41.3%	40.5%
Selling, general and administrative [+]	44.4	53.4	50.7	54.6	104.9	125.4	99.1	109.8
General and administrative	44.4	53.4	50.7	54.6	104.9	125.4	99.1	109.8
Equity in earnings		-0.9	-9.9	0.4	0.5	0.6	0.1	0.0
Other operating expenses	-28.3	975.7	607.2	1,307.4	1,401.9	-11.0	0.6
EBITDA [+]		449.8	582.3	946.1	783.0	778.5	745.1	668.1
EBITDA growth	-53.9%	-22.8%	-38.5%	20.8%	0.6%	4.5%	11.5%	1.9%
EBITDA margin	11.1%	30.1%	46.0%	40.9%	34.1%	35.8%	36.4%	34.8%
Depreciation		444.3	446.6	426.7	400.5	383.8	355.0	327.5
EBITA	207.5	5.5	135.7	519.5	382.5	394.7	390.1	340.6
EBITA margin	11.1%	0.4%	10.7%	22.4%	16.7%	18.2%	19.1%	17.7%
Amortization of intangibles		41.6	52.3	1.8	2.5	2.8	2.3	2.3
EBIT [+]	207.5	-36.2	83.4	517.7	379.9	391.9	387.8	338.3
EBIT growth	-673.8%	-143.4%	-83.9%	36.3%	-3.0%	1.1%	14.6%	-0.3%
EBIT margin	11.1%	-2.4%	6.6%	22.4%	16.6%	18.0%	18.9%	17.6%
Non-recurring items [+]	1.9	143.4	70.9	41.1			1.4	2.4
Asset impairment		78.6	55.8	39.3
Interest expense, net [+]	341.8	365.7	306.5	225.1	195.2	181.6	159.9	142.3
Interest expense	341.8	365.7	306.5	225.1	195.2	181.6	161.9	144.9
Interest income							2.0	2.6
Other income (expense), net [+]	0.8	0.7	9.7	10.7	1.7	0.9	0.5	-36.8
Gain (loss) on sale of assets		11.5	2.3	159.5		9.3		11.0
Gain (loss) on debt retirement	-0.8		-9.4	-8.5	-0.2	-0.1	-0.2
Write-off of deferred debt issuance costs	-0.8		-9.4	-8.5	-0.2	-0.1	-0.2
Pre-tax income	-135.4	-544.6	-284.3	262.2	186.4	211.3	227.0	156.9
Income taxes	0.0	-0.9	17.2	2.8	1.2	-3.3	4.0	-1.6
Tax rate	0.0%	0.2%		1.1%	0.6%		1.8%
Net income	0.0	-544.6	-311.4	259.8	185.7	203.8	202.4	145.8
Net margin	0.0%	-36.4%	-24.6%	11.2%	8.1%	9.4%	9.9%	7.6%

Basic EPS [+]	$0.00	($3.31)	($1.89)	$1.58	$1.13	$1.24	$1.30	$0.97
Growth	-100.0%	74.7%	-219.8%	39.8%	-8.9%	-4.3%	34.1%	-18.0%
Diluted EPS [+]	$0.00	($3.31)	($1.89)	$1.58	$1.13	$1.24	$1.30	$0.97
Growth	-100.0%	74.7%	-219.8%	39.8%	-8.9%	-4.3%	34.4%	-18.1%

Dividends per share [+]		$0.04	$0.57	$2.15	$2.11	$2.07	$2.01	$1.99
Growth	-100.0%	-93.0%	-73.5%	1.9%	1.9%	2.9%	1.1%	2.0%

Shares outstanding (basic) [+]	164.7	164.6	164.4	164.3	164.2	164.1	156.1	150.7
Growth	0.1%	0.1%	0.1%	0.1%	0.1%	5.2%	3.6%	0.7%
Shares outstanding (diluted) [+]	164.7	164.6	164.4	164.3	164.3	164.2	156.1	151.0
Growth	0.1%	0.1%	0.0%	0.0%	0.1%	5.2%	3.4%	0.8%

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