| In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Room | 791.3 | 867.9 | 849.5 | 773.8 | 667.4 | 595.3 | 471.0 | 388.1 |
| Food and beverage | 214.3 | 259.7 | 274.3 | 253.7 | 238.7 | 210.3 | 193.3 | 162.8 |
| Other operating department | 87.3 | 93.1 | 84.8 | 74.0 | 63.2 | 56.5 | 49.7 | 43.7 |
| Other | 11.9 | 7.0 | 8.0 | 8.3 | 7.9 | 4.9 | 5.0 | 5.7 |
| Total revenues [+] | 1,104.8 | 1,227.6 | 1,216.6 | 1,109.8 | 977.3 | 867.1 | 719.0 | 600.4 |
| Food & beverage | 214.3 | 259.7 | 274.3 | 253.7 | 238.7 | 210.3 | 193.3 | 162.8 |
| Hotels | 1,092.9 | 1,220.6 | 1,208.6 | 1,101.5 | 969.4 | 862.1 | 714.0 | 594.6 |
| Room / occupancy | 791.3 | 867.9 | 849.5 | 773.8 | 667.4 | 595.3 | 471.0 | 388.1 |
| Other hotel | 87.3 | 93.1 | 84.8 | 74.0 | 63.2 | 56.5 | 49.7 | 43.7 |
| Other | | | | | | 4.9 | 5.0 | |
| Other income | 11.9 | 7.0 | 8.0 | 8.3 | 7.9 | 4.9 | 5.0 | 5.7 |
| Revenue growth [+] | -10.0% | 0.9% | 9.6% | 13.6% | 12.7% | 20.6% | 19.8% | 10.6% |
| Room | -8.8% | 2.2% | 9.8% | 15.9% | 12.1% | 26.4% | 21.4% | 12.0% |
| Food and beverage | -17.5% | -5.3% | 8.1% | 6.3% | 13.5% | 8.8% | 18.7% | 10.6% |
| Other operating department | -6.2% | 9.8% | 14.6% | 17.0% | 11.9% | 13.8% | 13.6% | 3.8% |
| Cost of goods sold [+] | 737.2 | 807.8 | 806.0 | 726.6 | 649.6 | 577.8 | 488.3 | 411.4 |
| Food and beverage costs | 154.4 | 179.6 | 190.1 | 183.5 | 165.9 | 149.9 | 133.8 | 112.8 |
| Direct hotel costs | | | | 668.8 | 596.2 | 533.2 | 452.8 | 380.5 |
| Occupancy costs | 214.8 | 226.3 | 215.9 | 197.0 | 170.6 | 150.6 | 115.8 | 95.3 |
| Other cost of sales | | | | 264.5 | 237.4 | 212.0 | 182.8 | 153.7 |
| Lease costs | 15.7 | 16.2 | 16.1 | | | | | |
| Other direct hotel costs | 11.9 | 17.0 | 17.5 | 23.8 | 22.4 | 20.8 | 20.4 | 18.8 |
| Real estate taxes and insurance | 62.2 | 63.4 | 65.4 | 57.8 | 53.4 | 44.6 | 35.4 | 30.9 |
| Other direct costs | 278.1 | 305.3 | 301.0 | 264.5 | 237.4 | 212.0 | 182.8 | 153.7 |
| Gross profit | 367.6 | 419.8 | 410.5 | 383.2 | 327.7 | 289.3 | 230.7 | 189.0 |
| Gross margin | 33.3% | 34.2% | 33.7% | 34.5% | 33.5% | 33.4% | 32.1% | 31.5% |
| Selling, general and administrative [+] | 26.8 | 26.5 | 25.2 | 38.5 | 33.1 | 28.4 | 24.8 | 24.6 |
| General and administrative [+] | 26.8 | 26.5 | 25.2 | 38.5 | 33.1 | 28.4 | 24.8 | 24.6 |
| General and administrative expenses | 26.8 | 26.5 | 25.2 | 38.5 | 33.1 | 28.4 | 24.8 | 24.6 |
| Rent expense | | | | 14.7 | 11.1 | 8.6 | 7.7 | 5.8 |
| Equity in earnings | | | | | | | 0.0 | 0.2 |
| Other operating expenses | 12.6 | 6.3 | 17.2 | 7.4 | 9.4 | 3.0 | 2.5 | 11.7 |
| EBITDA [+] | 328.3 | 387.0 | 368.1 | 337.3 | 285.2 | 257.9 | 203.4 | 157.9 |
| EBITDA growth | -15.2% | 5.1% | 9.1% | 18.3% | 10.6% | 26.8% | 28.8% | 0.0% |
| EBITDA margin | 29.7% | 31.5% | 30.3% | 30.4% | 29.2% | 29.7% | 28.3% | 26.3% |
| Depreciation and amortization | 178.4 | 192.3 | 180.9 | 155.0 | 144.0 | 124.4 | 111.3 | 110.7 |
| EBIT [+] | 150.0 | 194.7 | 187.3 | 182.3 | 141.2 | 133.6 | 92.1 | 47.3 |
| EBIT growth | -23.0% | 4.0% | 2.7% | 29.1% | 5.7% | 45.0% | 94.9% | -1.7% |
| EBIT margin | 13.6% | 15.9% | 15.4% | 16.4% | 14.4% | 15.4% | 12.8% | 7.9% |
| Non-recurring items | | | 0.5 | 2.4 | 2.6 | 4.5 | 2.6 | 3.0 |
| Interest expense, net [+] | 36.8 | 40.2 | 51.4 | 54.8 | 47.8 | 48.4 | 39.7 | 36.4 |
| Interest expense | 39.4 | 43.8 | 54.3 | 56.6 | 57.5 | 52.9 | 39.7 | 36.5 |
| Interest income | 2.6 | 3.6 | 2.9 | 1.8 | 9.7 | 4.5 | 0.0 | 0.1 |
| Other income (expense), net [+] | -1.7 | | -0.8 | -2.5 | | | 0.0 | -0.2 |
| Acquisition-related costs | | | | 2.4 | | | | |
| Impairment of investments | | | | | | | | 8.4 |
| Gain (loss) on debt retirement | -1.7 | | -0.8 | -2.5 | | | | |
| Write-off of deferred debt issuance costs | -1.7 | | -0.8 | -2.5 | | | | |
| Pre-tax income | 111.5 | 154.4 | 134.5 | 122.6 | 90.7 | 80.6 | 49.9 | 7.7 |
| Income taxes | -1.7 | -5.8 | -1.3 | -2.3 | 0.5 | 9.1 | 7.0 | 5.1 |
| Tax rate | | | | | 0.5% | 11.2% | 14.1% | 65.9% |
| Minority interest | -0.3 | -0.3 | -0.3 | 0.7 | 0.3 | 0.3 | 0.0 | -0.2 |
| Earnings from continuing ops | 174.6 | 234.6 | 123.4 | 197.6 | 71.0 | 45.1 | 12.1 | -23.9 |
| Earnings from discontinued ops | | | | | | | 0.8 | -0.9 |
| Net income | 174.6 | 234.6 | 123.4 | 197.6 | 71.0 | 45.1 | 12.9 | -24.8 |
| Net margin | 15.8% | 19.1% | 10.1% | 17.8% | 7.3% | 5.2% | 1.8% | -4.1% |
| |
| Basic EPS [+] | $1.55 | $2.08 | $1.09 | $1.90 | $0.73 | $0.53 | $0.15 | ($0.34) |
| Growth | -25.7% | 89.9% | -42.3% | 159.2% | 38.9% | 252.0% | -143.4% | -11.5% |
| Diluted EPS [+] | $1.54 | $2.07 | $1.09 | $1.89 | $0.73 | $0.53 | $0.15 | ($0.34) |
| Growth | -25.7% | 90.0% | -42.3% | 158.8% | 38.9% | 252.1% | -143.4% | -11.5% |
| |
| Dividends per share [+] | $1.81 | $1.81 | $1.66 | $1.31 | $0.87 | $0.62 | $0.43 | $0.14 |
| Growth | 0.0% | 9.0% | 26.3% | 50.4% | 40.3% | 44.2% | 197.9% | 52.3% |
| |
| Shares outstanding (basic) [+] | 113.0 | 112.8 | 112.7 | 104.2 | 97.0 | 85.8 | 81.2 | 69.5 |
| Growth | 0.2% | 0.1% | 8.2% | 7.4% | 13.2% | 5.7% | 16.7% | 27.7% |
| Shares outstanding (diluted) [+] | 113.4 | 113.2 | 113.1 | 104.5 | 97.2 | 85.9 | 81.3 | 69.5 |
| Growth | 0.2% | 0.1% | 8.2% | 7.5% | 13.2% | 5.6% | 16.9% | 27.7% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |