← Braemar Hotels & Resorts Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $19.3m |
$23.0m
+19.19%
|
$1.3m
-94.27%
|
$371k
-71.89%
|
($105.3m)
-28472.51%
|
($26.7m)
+74.67%
|
$17.8m
+166.61%
|
($27.0m)
-252.11%
|
($1.7m)
+93.73%
|
($22.3m)
-1218.25%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $15.5m |
$16.2m
+4.99%
|
($5.9m)
-136.27%
|
($9.8m)
-66.03%
|
($115.5m)
-1081.87%
|
($40.0m)
+65.36%
|
($10.7m)
+73.26%
|
($74.0m)
-592.22%
|
($50.9m)
+31.19%
|
($72.7m)
-42.71%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $24.3m | $28.3m | $2.6m | $1.2m | ($124.7m) | ($32.9m) | $19.3m | ($30.6m) | $19.8m | ($28.4m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $3.1m | — | — | — | — | — | — | — | — | — | — | |
| Depreciation and amortization | $45.9m | $52.3m | $57.4m | $70.1m | $73.4m | $73.8m | $78.1m | $93.3m | $98.7m | $92.6m | $90.2m | |
| Amortization of Debt Issuance Costs | $3.2m | $4.9m | $4.3m | $4.3m | $854k | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | $4.3m | $2.6m | $3.4m | $2.0m | $1.7m | $6.9m | $10.8m | — | |
| Amortization of Intangible Assets | $314k | $301k | $549k | $651k | — | — | — | — | — | — | — | |
| Depreciation | $45.7m | $52.1m | $56.8m | $69.5m | $72.8m | $73.0m | $78.0m | $92.6m | $98.2m | $92.1m | $89.8m | |
| Amortization Cash Flow | — | — | — | — | — | — | $474k | $474k | $453k | $428k | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $474k | $474k | $453k | $428k | $403k | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $78.6m | $93.7m | $99.2m | $93.0m | $90.2m | |
| Deferred Income Tax Expense (Benefit) | $1.1m | $615k | ($807k) | $764k | ($956k) | ($174k) | $51k | $1.3m | ($96k) | $1.1m | $2.4m | |
| Deferred Tax | — | — | — | — | — | — | $51k | $1.3m | ($96k) | $1.1m | $2.4m | |
| Share-based Payment Arrangement, Noncash Expense | $4.2m | ($1.3m) | $7.0m | $7.9m | $7.9m | $10.2m | $11.3m | $9.2m | $2.6m | ($446k) | ($351k) | |
| Share-based Payment Arrangement, Expense | — | — | $1.8m | $2.6m | $2.1m | $3.3m | $5.8m | $5.7m | $2.2m | ($137k) | ($351k) | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | — | $3.5m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $838k | $915k | $318k | $54.8m | $55.0m | |
| Income (Loss) from Equity Method Investments | ($2.6m) | $0 | ($234k) | ($199k) | ($217k) | ($252k) | ($328k) | ($253k) | ($1.6m) | ($56k) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $328k | $253k | $1.6m | $56k | $87k | |
| Change In Working Capital | — | — | — | — | — | — | $5.4m | $6.9m | $20.9m | ($10.4m) | ($6.3m) | |
| Change In Receivables | — | — | — | — | — | — | ($9.1m) | $11.3m | $6.3m | ($7.4m) | ($4.3m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($9.1m) | $11.3m | $6.3m | ($7.4m) | ($4.3m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $1.6m | $47k | $8.5m | $5.5m | $9.9m | |
| Change In Other Current Assets | — | — | — | — | — | — | $588k | $592k | $416k | $233k | $222k | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $1.1m | $1.2m | $2.9m | $6.3m | $4.0m | |
| Net Cash Provided by (Used in) Operating Activities | $57.1m |
$70.6m
+23.68%
|
$70.7m
+0.18%
|
$66.3m
-6.32%
|
($50.3m)
-175.89%
|
$64.0m
+227.17%
|
$109.5m
+71.20%
|
$84.7m
-22.63%
|
$66.8m
-21.12%
|
$40.8m
-38.97%
|
$45.5m
+11.46%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | — | ($75k) | — | ($5.5m) | ($5.5m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | — | $0 | $0 | ($1.6m) | — | |
| Payments to Acquire Investments | $0 | $0 | $2.0m | — | — | — | — | — | — | — | $0 | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $248.2m | $185.0m | $111.8m | $0 | $17.6m | — | — | $0 | — | $0 | |
| Net Other Investing Changes | — | — | — | — | — | — | $1.7m | $361k | ($7.1m) | $4.8m | $2.4m | |
| Net Cash Provided by (Used in) Investing Activities | $100.3m | ($173.9m) | ($166.8m) | ($226.4m) | ($16.5m) | ($41.7m) | ($402.2m) | ($77.1m) | $35.5m | $209.6m | $373.5m | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | — | — | — | $0 | $0 | ($2.3m) | ($684k) | $2.7m | — | |
| Proceeds from Issuance of Long-term Debt | $0 | $523.5m | $575.0m | $329.5m | $109.3m | $83.2m | $170.5m | $370.6m | $234.0m | $403.0m | $40.0m | |
| Issuance Of Debt | — | — | — | — | — | — | $170.5m | $370.6m | $234.0m | $403.0m | $40.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $170.5m | $370.6m | $234.0m | $403.0m | $40.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($68.5m) | ($534.3m) | ($184.1m) | ($518.3m) | ($309.8m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $102.0m | ($163.7m) | $49.9m | ($115.3m) | ($269.8m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $102.0m | ($163.7m) | $49.9m | ($115.3m) | ($269.8m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($68.5m) | ($534.3m) | ($184.1m) | ($518.3m) | ($309.8m) | |
| Payments for Repurchase of Common Stock | $39.2m | $395k | $323k | $384k | $263k | $376k | $7.4m | $19.3m | $369k | $778k | — | |
| Payments of Ordinary Dividends, Common Stock | $16.9m | $27.1m | $30.3m | $33.4m | $16.2m | $9.1m | $20.8m | $52.6m | $51.6m | $47.3m | ($41.5m) | |
| Proceeds from Issuance of Common Stock | $0 | $66.4m | $0 | $0 | $13.3m | $102.5m | $0 | $0 | $0 | $0 | — | |
| Common Stock Issuance | — | — | — | — | — | $102.5m | $0 | $0 | — | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($7.4m) | ($26.5m) | ($369k) | ($899k) | ($756k) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $278.6m | $97.9m | $0 | $0 | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($7.4m) | ($26.5m) | ($369k) | ($899k) | ($756k) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($7.9m) | ($36.3m) | ($46.0m) | ($77.7m) | ($70.1m) | |
| Dividends Payable | $5.0m | $8.1m | $8.5m | $9.1m | $2.7m | $2.2m | $8.2m | $9.2m | $9.3m | $7.7m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($20.8m) | ($52.6m) | ($51.6m) | ($47.3m) | ($41.5m) | |
| Proceeds from (Payments for) Other Financing Activities | $35k | $21k | $18k | $8k | $0 | $0 | ($499k) | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($6.9m) | ($2.1m) | ($36.1m) | ($28.3m) | ($21.3m) | |
| Net Cash Provided by (Used in) Financing Activities | ($135.6m) |
$124.0m
+191.45%
|
$169.2m
+36.45%
|
$32.1m
-81.06%
|
$49.6m
+54.70%
|
$128.0m
+157.99%
|
$345.1m
+169.68%
|
($156.8m)
-145.45%
|
($83.8m)
+46.59%
|
($268.6m)
-220.67%
|
($402.7m)
-49.91%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | ($17.2m) | $150.2m | $52.3m | ($149.2m) | $18.6m | ($18.2m) | $151.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $263.4m | $315.7m | $166.5m | $185.1m | $135.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $26.5m | $185.3m | $258.5m | $130.4m | $113.2m | $263.4m | $315.7m | $166.5m | $185.1m | $166.8m | $151.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $43.9m | $49.6m | $27.9m | $31.6m | $48.9m | $91.6m | $102.5m | $88.1m | — | |
| Income Taxes Paid, Net | $380k | $803k | $2.3m | ($11k) | $140k | ($14k) | $1.2m | $3.4m | ($728k) | $616k | — | |
| Additional Financial Items | ||||||||||||
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $26.4m | $23.8m | $15.7m | $25.2m | $10.1m | — | — | — | — | — | — | |
| Environmental Remediation Expense | — | $4.9m | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | — | — | ($663k) | $585k | ($355k) | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | $917k | $114k | $0 | $0 | — | — | |
| General and Administrative Expense | $14.3m | $8.1m | $4.2m | $5.4m | $6.7m | $8.7m | $18.1m | $13.5m | $14.4m | $11.8m | — | |
| Income Tax Expense (Benefit) | $1.6m | ($522k) | $2.4m | $1.8m | ($4.4m) | $1.3m | $4.0m | $2.7m | $842k | $2.0m | — | |
| Insured Event, Gain (Loss) | — | — | — | — | — | $481k | $0 | — | — | — | — | |
| Investment Income, Interest | $167k | $690k | $1.6m | $1.1m | $176k | $48k | $2.7m | $6.4m | $7.1m | $6.2m | — | |
| Operating Lease, Expense | — | $335k | $335k | — | — | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | $1.2m | $164k | $9.5m | $3.0m | $306k | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $431.4m | $487.6m | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | $425k | ($2.1m) | ($82k) | ($1.1m) | $5.0m | $32k | $5.0m | $663k | ($585k) | $355k | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $345.1m | ($156.8m) | ($83.8m) | ($268.6m) | ($402.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($402.2m) | ($77.1m) | $35.5m | $209.6m | $373.5m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $52.3m | ($149.2m) | $18.6m | ($18.2m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $11.7m | ($422k) | ($182k) | ($185k) | ($3.6m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($501k) | ($5.8m) | $3.1m | ($14.8m) | ($12.5m) | |
| Changes In Cash | — | — | — | — | — | — | $52.3m | ($149.2m) | $18.6m | ($18.2m) | $16.2m | |
| End Cash Position | — | — | — | — | — | — | $315.7m | $166.5m | $185.1m | $166.8m | $151.9m | |
| Financing Cash Flow | — | — | — | — | — | — | $345.1m |
($156.8m)
-145.45%
|
($83.8m)
+46.59%
|
($268.6m)
-220.67%
|
($402.7m)
-49.91%
|
|
| Free Cash Flow | — | — | — | — | — | — | $109.5m | $84.6m | $66.8m | $35.3m | $45.5m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($5.0m) | $663k | ($88.8m) | ($80.9m) | ($100.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($402.2m) | ($77.1m) | $35.5m | $209.6m | $373.5m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($328k) | $0 | ($79k) | $0 | $58k | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $0 | ($75k) | $0 | $0 | $0 | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($403.6m) | ($77.1m) | $85.0m | $169.7m | $354.1m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | ($238k) | ($42.3m) | $40.7m | $17.0m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | — | $0 | $0 | ($5.5m) | $0 | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | $278.1m | $88.0m | ($45.6m) | ($76.8m) | ($69.3m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($4.6m) | ($1.4m) | ($87.1m) | ($78.1m) | ($97.2m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($1.4m) | $4.6m | $11.2m | $9.2m | — | |
| Preferred Stock Issuance | — | — | — | — | — | — | $278.6m | $97.9m | $0 | $0 | $0 | |
| Preferred Stock Payments | — | — | — | — | — | — | ($499k) | ($9.8m) | ($45.6m) | ($76.8m) | ($69.3m) | |
| Purchase Of Business | — | — | — | — | — | — | ($328k) | $0 | ($79k) | $0 | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | — | $0 | ($75k) | $0 | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | $0 | ($238k) | ($42.3m) | $0 | $0 | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($403.6m) | ($77.1m) | ($70.6m) | ($77.9m) | $0 | |
| Purchase Of PPE | — | — | — | — | — | — | $354.4m | $0 | $0 | ($5.5m) | ($5.5m) | |
| Sale Of Investment | — | — | — | — | — | — | — | $0 | $0 | $40.7m | $17.0m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $0 | $0 | $155.6m | $247.6m | $17.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $11.3m | $9.2m | $2.6m | ($446k) | ($351k) |