← Sunstone Hotel Investors, 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) Available to Common Stockholders, Basic | $117.5m |
$131.7m
+12.09%
|
$236.4m
+79.50%
|
$122.0m
-48.39%
|
($417.6m)
-442.28%
|
$13.6m
+103.25%
|
$72.6m
+435.02%
|
$191.7m
+164.12%
|
$27.8m
-85.52%
|
$8.2m
-70.42%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $140.7m | $153.0m | $259.1m | $142.8m | ($410.5m) | $33.0m | $90.8m | $206.7m | $43.3m | $24.6m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $6.5m | $7.6m | $8.6m | $7.1m | ($5.8m) | ($1.3m) | $3.5m | — | — | — | — | |
| Depreciation and amortization | $163.0m | $158.6m | $146.4m | $147.7m | $137.1m | $128.7m | $126.4m | $127.1m | $124.5m | $134.5m | $136.5m | |
| Amortization of Debt Issuance Costs | $2.2m | $2.4m | $2.9m | $2.8m | $3.1m | $2.9m | $2.5m | $2.7m | $3.0m | $3.8m | — | |
| Depreciation, Depletion and Amortization, Nonproduction | $163.0m | $158.6m | $146.4m | $147.7m | $137.1m | $128.7m | $126.4m | $127.1m | $124.5m | $134.5m | $136.5m | |
| Amortization of Intangible Assets | $3.7m | $3.1m | $1.6m | $79k | $41k | $63k | $492k | $464k | $1.4m | $1.5m | — | |
| Depreciation | $159.9m | $156.0m | $145.0m | $147.7m | $137.0m | $128.6m | $125.8m | $126.5m | $123.2m | $133.0m | $135.0m | |
| Amortization Cash Flow | — | — | — | — | — | — | $492k | $464k | $1.4m | $1.5m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $492k | $464k | $1.4m | $1.5m | $1.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $126.3m | $127.0m | $124.5m | $134.5m | $136.5m | |
| Deferred Income Tax Expense (Benefit) | $0 | $9.2m | ($1.1m) | ($688k) | ($7.4m) | — | — | — | — | — | $0 | |
| Deferred Income Tax | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Deferred Tax | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Share-based Payment Arrangement, Noncash Expense | $7.2m | $8.0m | $9.0m | $9.3m | $9.6m | $12.8m | $10.9m | $10.8m | $10.5m | $8.7m | $9.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.6m | $3.8m | $4.2m | $4.4m | $4.0m | $4.9m | $3.4m | $3.3m | $4.2m | $4.3m | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | $0 | $0 | $0 | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $4.4m | $372k | $474k | $445k | $2.4m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | ($343k) | $5.2m | $10.5m | $13.2m | $11.0m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $3.0m | ($12.2m) | ($9.9m) | $984k | $714k | |
| Increase (Decrease) in Accounts Receivable | $8.4m | ($3.2m) | ($905k) | $1.7m | ($26.8m) | $20.5m | $12.7m | ($10.6m) | $171k | ($2k) | ($6.4m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $618k | $730k | $815k | $361k | $384k | $323k | $964k | $372k | $474k | $445k | ($6.4m) | |
| Change In Receivables | — | — | — | — | — | — | ($12.7m) | $10.6m | ($171k) | $2k | ($6.4m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($12.7m) | $10.6m | ($171k) | $2k | ($6.4m) | |
| Increase (Decrease) in Inventories | ($40k) | $16k | ($117k) | — | — | — | — | — | — | — | — | |
| Change In Accrued Expense | — | — | — | — | — | $3.9m | $1.7m | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $305.4m |
$310.8m
+1.76%
|
$305.3m
-1.77%
|
$290.9m
-4.71%
|
($116.7m)
-140.12%
|
$28.4m
+124.31%
|
$209.4m
+638.05%
|
$198.1m
-5.37%
|
$170.4m
-14.01%
|
$181.8m
+6.68%
|
$198.4m
+9.18%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash Acquired | $2.4m | $173.7m | — | — | — | — | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $195.7m | $368.2m | $430k | $47.5m | $72.6m | |
| Net Cash Provided by (Used in) Investing Activities | ($152.2m) | ($146.1m) | $156.4m | ($47.1m) | $113.8m | ($239.7m) | ($165.7m) | $258.1m | ($386.3m) | ($48.8m) | ($67.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($284k) | ($824k) | ($835k) | — | $6.1m | ($57k) | ($936k) | $9.9m | $59k | ($180k) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $473.6m | $225.0m | $100.0m | $199.6m | $287.6m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $473.6m | $225.0m | $100.0m | $199.6m | $287.6m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($268.9m) | ($222.1m) | ($74.0m) | ($114.6m) | ($179.6m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $204.7m | $2.9m | $25.9m | $85.0m | $108.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $204.7m | $2.9m | $25.9m | $85.0m | $108.0m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($268.9m) | ($222.1m) | ($74.0m) | ($114.6m) | ($179.6m) | |
| Short Term Debt Issuance | — | — | — | — | — | $110.0m | $230.0m | $0 | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | ($110.0m) | ($230.0m) | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | $50.1m | $103.9m | — | $108.4m | $56.4m | $27.2m | $102.6m | — | |
| Proceeds from Issuance of Common Stock | $55.1m | $79.4m | $45.1m | — | — | $38.4m | — | — | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | $38.4m | $0 | $0 | — | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($111.8m) | ($59.8m) | ($31.4m) | ($106.9m) | ($48.4m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $253.4m | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($111.8m) | ($59.8m) | ($31.4m) | ($106.9m) | ($48.4m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($111.8m) | ($59.8m) | ($31.4m) | ($108.1m) | ($77.9m) | |
| Dividends paid | — | — | — | $170.2m | $156.3m | $13.7m | $24.8m | $59.8m | $91.0m | $86.4m | ($84.6m) | |
| Payments of Dividends | — | — | — | $170.2m | $156.3m | $13.7m | $24.8m | $59.8m | $91.0m | $86.4m | ($84.6m) | |
| Dividends Payable, Current | $119.8m | $133.9m | $126.5m | $135.9m | $3.2m | $3.5m | $14.0m | $30.0m | $24.1m | $23.0m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($24.8m) | ($59.8m) | ($91.0m) | ($86.4m) | ($84.6m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($117.3m) | ($3.1m) | ($1.1m) | ($18.0m) | ($17.8m) | |
| Net Cash Provided by (Used in) Financing Activities | ($282.8m) |
($46.2m)
+83.66%
|
($158.6m)
-243.25%
|
($241.2m)
-52.06%
|
($445.9m)
-84.90%
|
($42.1m)
+90.56%
|
($49.2m)
-16.79%
|
($119.7m)
-143.46%
|
($97.5m)
+18.54%
|
($127.5m)
-30.76%
|
($72.3m)
+43.31%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($137.8m) | $121.9m | $303.1m | $2.6m | ($448.8m) | ($253.4m) | ($5.5m) | $336.5m | ($313.4m) | $5.4m | $203.7m | |
| Beginning Cash Position | — | — | — | — | — | — | $162.7m | $157.2m | $493.7m | $180.3m | $144.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($137.8m) | $121.9m | $862.4m | $865.0m | $416.1m | $162.7m | $157.2m | $493.7m | $180.3m | $185.7m | $203.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Gain (Loss) on Disposition of Assets | $18.4m | $52.7m | $116.9m | $42.9m | $34.3m | $152.4m | $22.9m | $123.8m | $457k | ($8.8m) | — | |
| Payments of Financing Costs | $1.8m | $3.5m | $4.0m | — | $4.4m | $397k | $7.4m | $2.3m | $1.1m | $18.0m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $50.1m | $41.0m | $44.8m | $45.3m | $40.3m | $31.4m | $31.7m | $49.3m | $48.9m | $48.8m | — | |
| Income Taxes Paid, Net | $1.2m | $1.4m | $693k | ($395k) | ($996k) | $35k | $709k | $1.7m | $3.1m | ($1.4m) | — | |
| Additional Financial Items | ||||||||||||
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $18.4m | $45.5m | $117.0m | $42.9m | $34.3m | $152.5m | $22.9m | $123.8m | $457k | ($8.8m) | — | |
| General and Administrative Expense | $26.0m | $28.8m | $30.2m | $30.3m | $28.1m | $40.3m | $35.2m | $31.4m | $29.1m | $31.6m | — | |
| Goodwill | $990k | $990k | $990k | — | — | — | — | — | — | — | $2.4m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $140.7m | $146.0m | $259.1m | $142.8m | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | $7.0m | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | ($7.8m) | $1.8m | ($151k) | $6.6m | $109k | $359k | $4.6m | ($1.1m) | $216k | — | |
| Insured Event, Gain (Loss) | — | — | $1.1m | — | — | — | $4.4m | $3.7m | $430k | $1.1m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $50.1m | $53.0m | — | |
| Operating Expenses | — | — | $977.2m | $977.8m | $661.8m | $597.3m | $816.2m | $867.8m | $827.2m | $884.4m | — | |
| Operating Lease, Lease Income | — | — | — | $10.8m | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Redeemable Preferred Stock | — | — | — | — | — | $215.0m | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | $2.3m | $1.4m | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($49.2m) | ($119.7m) | ($97.5m) | ($127.5m) | ($72.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($165.7m) | $258.1m | ($386.3m) | ($48.8m) | ($67.4m) | |
| Change In Account Payable | — | — | — | — | — | — | $12.7m | ($20.8m) | ($6.7m) | $2.4m | $7.0m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($5.5m) | $336.5m | ($313.4m) | $5.4m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($1.4m) | ($102k) | ($425k) | ($625k) | ($767k) | |
| Change In Payable | — | — | — | — | — | — | $12.7m | ($20.8m) | ($6.7m) | $2.4m | $7.0m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $4.5m | ($1.9m) | ($2.6m) | ($754k) | $890k | |
| Changes In Cash | — | — | — | — | — | — | ($5.5m) | $336.5m | ($313.4m) | $5.4m | $58.8m | |
| End Cash Position | — | — | — | — | — | — | $157.2m | $493.7m | $180.3m | $185.7m | $203.7m | |
| Financing Cash Flow | — | — | — | — | — | — | ($49.2m) |
($119.7m)
-143.46%
|
($97.5m)
+18.54%
|
($127.5m)
-30.76%
|
($72.3m)
+43.31%
|
|
| Free Cash Flow | — | — | — | — | — | — | $209.4m | $198.1m | $170.4m | $181.8m | $198.4m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($2.2m) | $252k | ($540k) | $878k | $878k | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($22.9m) | ($123.8m) | ($457k) | $8.8m | $8.8m | |
| Investing Cash Flow | — | — | — | — | — | — | ($165.7m) | $258.1m | ($386.3m) | ($48.8m) | ($67.4m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | — | $0 | $0 | $8.0m | $8.0m | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($361.1m) | ($110.1m) | ($386.7m) | ($104.3m) | ($148.0m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | ($80k) | ($299k) | $0 | $0 | — | $0 | |
| Net Preferred Stock Issuance | — | — | — | — | — | $215.0m | $0 | $0 | $0 | ($1.3m) | ($29.5m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($24.2m) | ($133.5m) | ($1.1m) | $9.8m | $9.8m | |
| Other Non Cash Items | — | — | — | — | — | — | ($1.9m) | ($1.0m) | $2.6m | $2.7m | — | |
| Preferred Stock Payments | — | — | — | — | — | — | $0 | $0 | $0 | ($1.3m) | ($29.5m) | |
| Purchase Of Investment | — | — | — | — | — | ($80k) | ($299k) | $0 | $0 | — | $0 | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($361.1m) | ($110.1m) | ($386.7m) | ($104.3m) | $0 | |
| Sale Of Business | — | — | — | — | — | — | — | $0 | $0 | $8.0m | $8.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $10.9m | $10.8m | $10.5m | $8.7m | $9.3m |