| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Investments | 481.8 | 407.6 | 417.8 | 527.9 | 727.1 | 758.9 | | 534.4 |
| Rental | 434.9 | 390.5 | 403.9 | 447.4 | 514.6 | 504.7 | | |
| Hotel | 46.9 | 17.1 | 13.9 | 80.5 | 155.7 | 127.5 | | |
| Sale of real estate | | | | | 56.8 | 111.5 | | |
| Other | | | | | | | | 69.3 |
| Total revenues [+] | 540.0 | 453.6 | 454.0 | 568.8 | 772.4 | 801.8 | 690.4 | 603.7 |
| Hotels | | | | | | | | 106.4 |
| Lease / rental | | | | | | | | 404.8 |
| Net interest income | | | | | | | 12.6 | 19.5 |
| Revenue growth [+] | 19.0% | -0.1% | -20.2% | -26.4% | -3.7% | 16.1% | 14.4% | 51.5% |
| Investments | 18.2% | -2.4% | -20.9% | -27.4% | -4.2% | | | 69.1% |
| Rental | 11.4% | -3.3% | -9.7% | -13.1% | 2.0% | | | |
| Hotel | 174.3% | 23.0% | -82.7% | -48.3% | 22.1% | | | |
| Sale of real estate | | | | | -49.1% | | | |
| Corporate | -19.0% | -80.2% | -32.5% | | | | | |
| Cost of goods sold [+] | 316.7 | 350.0 | 293.9 | 364.7 | 470.8 | 520.5 | 457.8 | 108.0 |
| Direct hotel costs | | | | | | | | 89.9 |
| Gross profit | 223.3 | 103.6 | 160.1 | 204.1 | 301.6 | 281.3 | 232.6 | 495.7 |
| Gross margin | 41.4% | 22.8% | 35.3% | 35.9% | 39.0% | 35.1% | 33.7% | 82.1% |
| Selling, general and administrative [+] | 37.2 | 33.3 | 34.6 | 42.4 | 50.8 | 42.2 | 45.4 | 205.9 |
| Sales and marketing | | | | | | | | 7.3 |
| General and administrative [+] | 37.2 | 33.3 | 34.6 | 42.4 | 50.8 | 42.2 | 45.4 | 43.8 |
| Wages and related expenses | | | | | | | | 154.8 |
| General and administrative expenses | 37.2 | 33.3 | 34.6 | 42.4 | 50.8 | 42.2 | 45.4 | 43.8 |
| Other selling, general and administrative | | | | | | | | 154.8 |
| Equity in earnings | 178.4 | 389.0 | 81.0 | 179.7 | | | | |
| Other operating expenses | -158.7 | -321.3 | -319.4 | -432.6 | -529.6 | -300.1 | -260.8 | 32.4 |
| EBITDA [+] | 523.2 | 780.6 | 525.9 | 774.0 | 780.4 | 539.2 | 448.0 | 257.4 |
| EBITDA growth | -33.0% | 48.4% | -32.1% | -0.8% | 44.7% | 20.4% | 74.0% | 91.4% |
| EBITDA margin | 96.9% | 172.1% | 115.8% | 136.1% | 101.0% | 67.2% | 64.9% | 42.6% |
| Depreciation and amortization | 172.9 | 166.3 | 179.6 | 187.6 | 206.1 | 212.5 | 198.2 | 166.3 |
| EBIT [+] | 350.3 | 614.3 | 346.3 | 586.4 | 574.3 | 326.7 | 249.8 | 91.1 |
| EBIT growth | -43.0% | 77.4% | -40.9% | 2.1% | 75.8% | 30.8% | 174.2% | 203.7% |
| EBIT margin | 64.9% | 135.4% | 76.3% | 103.1% | 74.4% | 40.7% | 36.2% | 15.1% |
| Non-recurring items [+] | | | | | 79.1 | -4.4 | -9.5 | -37.3 |
| Loss (gain) on sale of assets | | | | | 40.4 | | | |
| Interest expense | 220.8 | 192.4 | 201.9 | 214.2 | 238.2 | 217.7 | 191.6 | 156.7 |
| Interest expense | 220.8 | 192.4 | 201.9 | 214.2 | 238.2 | 217.7 | 191.6 | 156.7 |
| Other income (expense), net [+] | 8.6 | 40.7 | 7.0 | -9.7 | 13.1 | 8.3 | 22.8 | 140.7 |
| Gain (loss) on debt retirement | 27.5 | -45.7 | -9.3 | -0.9 | | | | |
| Extraordinary gain | | | | | | | 16.2 | 108.1 |
| Other | 36.1 | -5.0 | -2.3 | -10.6 | 13.1 | 8.3 | 6.6 | -2.5 |
| Pre-tax income | 138.1 | 462.6 | 151.4 | 362.5 | 270.1 | 121.7 | 90.5 | 112.4 |
| Income taxes | 36.2 | 126.2 | 43.6 | 41.4 | 58.0 | -16.3 | 14.0 | 53.4 |
| Tax rate | 26.2% | 27.3% | 28.8% | 11.4% | 21.5% | | 15.5% | 47.5% |
| Minority interest | -8.2 | -6.0 | 2.3 | -94.4 | -62.1 | -37.5 | -70.9 | -15.7 |
| Net income | 64.8 | 313.2 | 92.9 | 224.1 | 150.0 | 100.5 | 2.8 | 71.1 |
| Net margin | 12.0% | 69.0% | 20.5% | 39.4% | 19.4% | 12.5% | 0.4% | 11.8% |
| |
| Basic EPS [+] | $0.47 | $2.26 | $0.66 | $1.60 | $1.05 | $0.84 | $0.03 | $0.69 |
| Growth | -79.1% | 240.0% | -58.5% | 52.8% | 24.4% | 3186.5% | -96.3% | 345.1% |
| Diluted EPS [+] | $0.47 | $2.24 | $0.66 | $1.58 | $1.04 | $0.84 | $0.03 | $0.65 |
| Growth | -79.1% | 237.7% | -58.2% | 52.8% | 22.9% | 3186.5% | -96.0% | 330.6% |
| |
| Dividends per share [+] | $0.96 | $0.90 | $0.88 | $0.85 | $0.78 | $0.70 | $0.56 | $0.48 |
| Growth | 6.7% | 2.3% | 3.5% | 9.0% | 11.4% | 25.0% | 16.7% | 33.3% |
| |
| Shares outstanding (basic) [+] | 136.9 | 138.6 | 139.7 | 139.7 | 142.9 | 119.1 | 109.1 | 103.3 |
| Growth | -1.2% | -0.9% | 0.0% | -2.2% | 19.9% | 9.2% | 5.6% | 15.8% |
| Shares outstanding (diluted) [+] | 138.6 | 140.1 | 140.3 | 141.5 | 144.8 | 119.1 | 109.1 | 109.6 |
| Growth | -1.1% | -0.2% | -0.8% | -2.2% | 21.5% | 9.2% | -0.4% | 19.7% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |