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For the nine months ended 30 September 2016, Morgans Hotel Group Co. revenues decreased 6% to $152.3M. Net loss applicable to common stockholders decreased 6% to $37M. Revenues reflect Average Daily Room Rate-Delano decrease of 15% to $467, Food and beverage decrease of 11% to $52.2M, Rooms decrease of 4% to $83.9M. Lower net loss reflects Corporate Expenses - Balancing value decrease of 45% to $8.2M (expense), Interest expense.
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Total Revenue | 48.44 | 52.86 | 51.02 | 57.26 |
Gross Profit | 27.41 | 30.43 | 27.72 | 34.03 |
Operating Income | 0.27 | 2.6 | 0.47 | 8.46 |
Net Income | -8.33 | -5.81 | -8.9 | 49.06 |
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Total Assets | 509.32 | 512.26 | 518.02 | 558.03 |
Total Liabilities | 743.03 | 737.82 | 737.33 | 768.07 |
Total Equity | -233.71 | -225.56 | -219.31 | -210.03 |
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | 0.27 | -1.87 | -2.91 | 5.69 |
Cash From Investing Activities | -4.77 | -2.46 | -1.06 | 28.51 |
Cash From Financing Activities | -30.77 | -30.41 | -30.05 | -1.77 |
Net Change in Cash | -35.28 | -34.74 | -34.01 | 32.43 |
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