ASHFORD HOSPITALITY TRUST, INC. AHT Balance Sheet

Ashford hospitality trust, inc. (AHT)

Balance Sheet / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Total cash, cash equivalents and marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	185	282	428	278	324	247	187	158	335	274	237	209	-	-	-	-	-	-	-
Investments in hotel properties, net
4,108	4,172	4,235	4,309	4,105	4,089	4,109	4,034	4,035	4,064	4,069	4,152	4,160	4,187	4,236	4,393	4,419	4,305	4,236	3,953	2,128	2,143	2,079	2,076	2,164	2,929	2,938	2,857	2,872	2,911	2,929	2,945	2,957	2,967	2,983	3,023
Cash and cash equivalents
262	256	235	242	319	325	417	277	354	393	404	306	347	256	261	226	215	185	282	355	215	280	212	154	128	310	250	209	185	146	139	150	167	180	154	217
Restricted cash
135	148	162	152	120	141	135	137	116	133	150	165	144	149	161	162	153	146	149	143	85	107	87	62	61	84	77	78	84	76	76	96	84	78	74	67
Marketable securities
14	14	14	11	21	24	24	35	26	11	19	50	53	-	-	-	0	0	0	72	63	44	34	33	29	25	24	27	23	24	30	27	21	28	-	0
Accounts receivable, net of allowance of $698 and $485, respectively
39	53	65	65	37	60	57	54	44	61	56	59	44	61	55	55	40	53	55	52	22	29	32	30	21	30	37	34	35	35	41	39	27	33	39	27
Inventories
4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	2	2	2	1	1	2	2	2	2	2	2	2	2	2	2	2
Notes receivable, net
7	-	-	-	0	-	-	-	-	-	-	-	-	3	3	3	3	3	3	3	3	3	3	3	3	11	11	11	11	11	11	11	11	3	3	20
Investment in unconsolidated entities
2	2	2	3	4	4	4	3	2	5	5	7	58	60	60	60	62	60	119	58	206	200	198	191	195	144	154	151	158	161	169	169	179	184	190	15
Deferred costs, net
2	2	3	3	3	3	2	2	2	2	2	2	2	2	3	3	3	34	39	36	1	14	8	9	10	14	14	16	17	16	18	16	17	16	16	17
Prepaid expenses
21	29	32	27	19	29	23	29	19	24	24	24	17	23	24	22	12	20	17	22	7	11	11	11	7	13	15	11	10	11	13	11	11	13	15	12
Derivative assets, net
1	2	2	2	2	2	3	2	2	1	1	1	3	7	15	10	3	5	1	0	0	0	0	0	0	0	0	0	6	14	22	30	37	54	72	106
Operating lease right-of-use assets
49	40	41	40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
17	14	13	15	15	18	18	16	14	14	12	13	11	13	12	12	10	13	20	7	17	4	5	5	4	6	5	7	4	5	5	4	4	4	4	7
Intangible asset, net
0	0	0	0	9	9	9	9	9	9	10	10	10	9	11	11	11	11	11	15	0	-	-	-	-	2	2	2	2	2	2	2	2	2	2	2
Due from Ashford Prime OP, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	0	-	3	4	1	13	-	-	-	0	-	-	-	-	-	-	-
Due from affiliates, net
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	3	1	4	0	1	1	2	1	1	-	-	-	1	-	-	-
Due from related parties, net
3	2	2	1	0	-	-	2	-	-	-	1	-	-	2	1	-	-	-	1	0	1	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Due from third-party hotel managers
17	22	19	25	21	19	20	19	17	19	19	18	13	15	18	17	22	37	37	39	12	14	14	35	33	53	55	57	48	64	62	59	62	56	55	49
Assets held for sale
-	-	33	-	-	0	0	7	18	0	0	0	19	43	29	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10	144
Total assets
4,691	4,769	4,869	4,905	4,685	4,733	4,831	4,637	4,669	4,746	4,780	4,822	4,891	4,839	4,900	4,988	4,965	4,883	4,980	4,768	2,770	2,863	2,700	2,619	2,677	3,629	3,592	3,471	3,464	3,485	3,524	3,566	3,589	3,628	3,624	3,716
Liabilities and Equity
Liabilities:
Indebtedness, net
4,106	4,109	4,143	4,157	3,927	3,894	3,948	3,712	3,696	3,698	3,698	3,720	3,723	3,728	3,758	3,879	3,840	3,698	3,651	3,387	1,943	1,959	1,776	1,780	1,818	2,440	2,381	2,390	2,339	2,312	2,318	2,357	2,362	2,391	2,445	2,518
Indebtedness of assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	50
Capital leases payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	-	-	-	-	0	0	0
Accounts payable and accrued expenses
134	168	158	162	136	147	141	143	132	153	147	156	126	150	138	140	123	141	136	131	71	93	82	68	70	98	96	81	84	100	94	87	82	88	86	79
Dividends and distributions payable
20	20	20	27	26	28	27	26	25	25	26	25	24	22	23	22	22	22	23	23	21	21	21	20	20	20	20	19	18	18	18	18	16	16	15	7
Unfavorable management contract liabilities
-	-	-	-	-	-	-	-	-	0	0	1	1	1	2	2	3	3	4	4	5	5	6	6	7	8	8	10	11	11	12	13	13	14	14	16
Due to Ashford Inc., net
6	6	6	7	23	5	-	-	15	-	-	-	-	-	7	11	-	9	9	9	8	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
due to Ashford Prime OP, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to related parties, net
0	0	0	0	1	1	0	0	1	0	1	0	1	0	0	0	1	0	0	0	1	1	0	0	0	1	0	1	3	2	2	0	2	1	1	2
Due to third-party hotel managers
2	3	3	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	1	1	1	1	1	1	0	1	2	2	1	2	2	2	1	2	2	1
Intangible liabilities, net
2	2	2	2	15	15	15	15	15	15	16	16	16	16	16	16	16	16	16	27	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
53	43	43	43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative liabilities, net
0	0	0	0	0	0	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities associated with marketable securities and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	12	6	4	6	5	3	1	1	3	1	3	9	6	2	10	-	0
Other liabilities
25	26	26	26	18	19	19	19	18	18	18	17	16	16	16	17	14	9	9	6	1	5	1	1	1	6	6	6	6	5	5	6	5	5	4	4
Liabilities related to assets held for sale
-	-	24	-	-	0	0	6	13	0	0	0	37	25	24	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2
Total liabilities
4,352	4,380	4,429	4,430	4,152	4,114	4,173	3,940	3,920	3,929	3,924	3,955	3,966	3,975	3,990	4,092	4,034	3,905	3,853	3,605	2,060	2,093	1,897	1,885	1,923	2,578	2,518	2,515	2,466	2,456	2,463	2,492	2,487	2,529	2,570	2,683
Commitments and contingencies (note 18)
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	0	0	0
Series B-1 cumulative convertible redeemable preferred stock, $0.01 par value, 7,247,865 shares issued and outstanding at December 31, 2010
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	72
Redeemable noncontrolling interests in operating partnership
69	78	73	101	80	118	146	112	116	117	107	111	132	118	109	125	118	114	150	165	177	177	202	194	134	196	182	196	151	129	126	132	112	107	163	126
Equity:
Common stock, $0.01 par value, 400,000,000 shares authorized, 102,103,602 and 101,035,530 shares issued and outstanding at December 31, 2019 and 2018, respectively
1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	1	1	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Additional paid-in capital
1,825	1,822	1,819	1,815	1,814	1,811	1,793	1,789	1,784	1,783	1,765	1,763	1,764	1,605	1,598	1,597	1,597	1,704	1,802	1,801	1,580	1,729	1,722	1,645	1,652	1,882	1,866	1,759	1,766	1,762	1,761	1,750	1,746	1,712	1,654	1,552
Accumulated other comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Accumulated deficit
-1,558	-1,514	-1,453	-1,445	-1,363	-1,313	-1,283	-1,207	-1,153	-1,086	-1,019	-1,009	-974	-862	-799	-828	-787	-735	-718	-696	-1,050	-1,013	-998	-969	-896	-889	-835	-837	-770	-716	-679	-661	-609	-571	-589	543
Treasury stock, at cost, 23,672,602 and 35,457,141 shares at September 30, 2015 and December 31, 2014, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	108	108	108	-	125	125	139	140	140	142	164	164	164	164	165	164	164	190	192
Total stockholders’ equity of the Company
268	309	366	372	452	499	511	583	632	699	747	755	791	744	799	769	811	862	975	997	531	591	598	538	617	854	889	758	831	882	917	924	973	977	875	816
Noncontrolling interests in consolidated entities
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	1	1	0	1	1	15	16	16	16	16	14	15	16
Total equity
269	309	367	372	453	499	512	584	633	699	748	755	792	744	800	770	811	863	976	998	532	592	599	539	618	854	891	759	847	898	934	941	989	991	891	833
Total liabilities and equity
4,691	4,769	4,869	4,905	4,685	4,733	4,831	4,637	4,669	4,746	4,780	4,822	4,891	4,839	4,900	4,988	4,965	4,883	4,980	4,768	2,770	2,863	2,700	2,619	2,677	3,629	3,592	3,471	3,464	3,485	3,524	3,566	3,589	3,628	3,624	3,716
Ashford Inc. [Member]
Investment in unconsolidated entities
-	-	-	-	-	-	1	0	-	2	-	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
-	-	-	-	-	-	138	119	-	84	-	91	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to affiliate, net
-	-	-	-	-	-	17	12	-	13	-	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
-	-	-	-	-	-	90	82	-	49	-	51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redeemable noncontrolling interests in operating partnership
-	-	-	-	-	-	4	4	-	1	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total stockholders’ equity of the Company
-	-	-	-	-	-	41	30	-	31	-	37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interests in consolidated entities
-	-	-	-	-	-	1	1	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total equity
-	-	-	-	-	-	42	32	-	32	-	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and equity
-	-	-	-	-	-	138	119	-	84	-	91	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ashford Prime OP [Member]
Due from Affiliates
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to Affiliate
-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
AQUA U.S. Fund [Member]
Due from Affiliates
-	-	-	-	-	-	-	-	-	-	-	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A Cumulative Preferred Stock, 1,657,206 shares issued and outstanding at March 31, 2017 and December 31, 2016
Preferred stock, $0.01 par value, 50,000,000 shares authorized:
-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series D Preferred Stock [Member]
Preferred stock, $0.01 par value, 50,000,000 shares authorized:
0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series F Preferred Stock [Member]
Preferred stock, $0.01 par value, 50,000,000 shares authorized:
0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series G Preferred Stock [Member]
Preferred stock, $0.01 par value, 50,000,000 shares authorized:
0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series H Preferred Stock [Member]
Preferred stock, $0.01 par value, 50,000,000 shares authorized:
0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series I Preferred Stock [Member]
Preferred stock, $0.01 par value, 50,000,000 shares authorized:
0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-