La Quinta Holdings Inc.

Delisted

CIK 0001594617Large AcceleratedHotels & MotelsDelawareFY ends Dec 31

Period

FY 2017

Revenue

$980.63M

Net Income

$151.97M

Total Assets

$2.95B

Equity

$828.30M

Shares Out

117.25M

Op. Cash Flow

$182.08M

Business

La Quinta Holdings Inc. is a former operating company in Hotels & Motels, incorporated in Delaware. Securities are no longer actively traded on a major U.S. exchange.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31
Room revenues	820	855	887	846	758
Franchise and other fee-based revenues	115	106	100	90	79
Other hotel revenues	19	19	19	20	18
Revenue from leased and owned hotels	953	981	1,007	955	855
Brand marketing fund revenues from franchised properties	28	25	23	—	—
Total Revenues	981	1,006	1,030	977	874
Direct lodging expenses	417	410	399	379	345
Depreciation and amortization	148	147	167	166	164
General and administrative expenses	143	116	126	150	75
Other lodging and operating expenses	56	62	64	57	56
Marketing, promotional and other advertising expenses	71	68	70	62	59
Impairment loss	1	104	50	5	0
(Gain) loss on sales	−4	−5	4	—	—
Operating expenses	832	903	879	819	699
Brand marketing fund expenses from franchised properties	28	25	23	—	—
Total Operating Expenses	860	928	902	840	718
Operating Income	121	78	128	137	156
Interest expense, net	−82	−81	−87	−121	−149
Other income	1	2	8	3	1
Total Other Expenses	−80	−79	−79	−120	−148
Income (Loss) Before Income Taxes	41	−610,000	49	17	9
Income tax benefit (expense)	112	−493,000	−22	−29	−4
NET INCOME (LOSS)	152	−1	27	−333	3
Less: net income attributable to noncontrolling interests	−162,000	−185,000	−347,000	−4	1
Net Income (Loss) attributable to La Quinta Holdings stockholders	152	−1	26	−337	4
Basic earnings (loss) per share	1.31	−0.01	0.21	−2.67	0.03
Diluted earnings (loss) per share	1.3	−0.01	0.2	−2.67	0.03

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31
Cash and cash equivalents	141	161	87	110	33
Accounts receivable, net of allowance for doubtful accounts of $4,296 and $4,022	66	45	38	40	33
Assets held for sale	9	30	36	—	7
Other current assets	12	10	12	12	17
Total Current Assets	228	245	172	161	199
Property and equipment, net of accumulated depreciation	2,507	2,457	2,623	2,826	2,761
Intangible assets, net of accumulated amortization	176	177	178	179	179
Other non-current assets	43	13	12	13	10
Total Non-Current Assets	2,725	2,647	2,814	3,018	2,971
Total Assets	2,953	2,893	2,986	3,180	3,162
Current portion of long-term debt	18	18	18	19	2,720
Accounts payable	49	38	28	21	30
Accrued expenses and other liabilities	60	65	63	71	54
Accrued payroll and employee benefits	52	38	31	35	26
Accrued real estate taxes	21	21	22	21	20
Total Current Liabilities	199	180	161	167	2,850
Long-term debt	1,670	1,682	1,695	1,841	—
Other long-term liabilities	22	29	30	24	14
Deferred tax liabilities	234	343	354	340	408,000
Total Liabilities	2,125	2,235	2,239	2,371	2,865
Commitments and Contingencies	—	—	—	—	—
Preferred Stock, $0.01 par value; 100,000,000 shares authorized and none outstanding as of December 31, 2017 and 2016	0	0	0	0	0
Common Stock, $0.01 par value; 2,000,000,000 shares authorized at December 31, 2017 and 2016, 132,478,073 shares issued and 117,345,996 shares outstanding as of December 31, 2017 and 131,750,715 shares issued and 116,790,470 shares outstanding as of December 31, 2016	1	1	1	1	—
Additional paid-in-capital	1,182	1,166	1,152	1,130	—
Accumulated deficit	−144	−296	−295	−321	—
Treasury stock at cost, 15,132,077 shares at December 31, 2017 and 14,960,245 shares at December 31, 2016	−212	−210	−108	−2	—
Accumulated other comprehensive loss	−760,000	−6	−7	−3	—
Noncontrolling interests	3	3	3	3	−14
Total Equity	828	658	747	808	305
Total Liabilities and Equity	2,953	2,893	2,986	3,180	3,170

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31
Depreciation and amortization	148	147	166	165	168
Amortization of other non-current assets	890,000	91,000	337,000	957,000	723,000
Amortization of intangible assets	667,000	732,000	937,000	1	1
Loss related to casualty disasters	2	3	2	−6	−468,000
Write off of deferred costs	0	0	18,000	0	27,000
Amortization of leasehold interests	−497,000	−647,000	−691,000	−596,000	−572,000
Amortization of deferred costs	6	6	6	8	10
Impairment loss	1	104	50	5	20
(Gain) loss on sale or retirement of assets	−1	−5	5	—	—
Equity-based compensation	16	14	22	58	—
Deferred taxes	−112	−12	17	23	43,000
Provision for doubtful accounts	2	1	2	2	2
Accounts receivable	2	−9	−105,000	−3	2
Other current assets	−2	2	−484,000	914,000	−143,000
Other non-current assets	−29	537,000	−1	−510,000	−563,000
Accounts payable	−14	2	272,000	−9	−4
Accrued payroll and employee benefits	14	8	−4	9	−4
Accrued real estate taxes	−618,000	−305,000	1	993,000	−425,000
Accrued expenses and other liabilities	−5	1	−8	16	419,000
Other long-term liabilities	2	1	1	622,000	349,000
Net cash provided by operating activities	182	264	285	279	233
Capital expenditures	−217	−144	−92	−71	−116
Insurance proceeds on casualty disasters	6	4	5	2	3
Proceeds from sale of assets	33	71	38	7	106
Payment of franchise incentives	−2	−2	−30,000	−400,000	−700,000
Decrease in other non-current assets	0	0	1	315,000	—
Net cash used in investing activities	−181	−71	−48	−37	2
Repayment of long-term debt	−18	−18	−153	−2,941	−228
Purchase of treasury stock	−3	−102	−106	−2	—
Distributions to noncontrolling interests	−335,000	−316,000	−522,000	−4	−518,000
Net cash used in financing activities	−21	−120	−259	−166	−242
(Decrease) increase in cash and cash equivalents	−20	74	−23	76	−7
Interest paid during the year	77	77	83	102	91
Income taxes paid during the year, net of refunds	22	10	12	4	3
Capital expenditures included in accounts payable	14	6	3	760,000	2
Receivable for capital assets damaged by casualty disasters	23	4	5	8	2

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