| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
-15,374 | 7,820 | -20,194 | -12,403 | -12,044 | -47,081 | -47,719 |
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities: | ||||||
Depreciation and amortization | ||||||
31,142 | 13,308 | 2,938 | 1,174 | 799 | 359 | 220 |
Straight-line rent amortization | ||||||
- | - | - | - | - | 21 | - |
Change in fair value of deferred compensation plan | ||||||
-5,732 | -8,444 | 10,410 | -2,127 | -8,608 | 8,495 | - |
Equity-based compensation | ||||||
8,874 | 10,019 | 8,469 | 11,573 | 15,609 | 21,505 | 25,037 |
Straight-line rent amortization | ||||||
- | - | - | - | - | - | -62 |
Change in fair value of deferred compensation plan | ||||||
- | - | - | - | - | - | 0 |
Realized and unrealized (gain) loss on investment in unconsolidated entity, net | ||||||
- | - | - | 1,460 | 2,141 | 0 | - |
Income (Loss) from Equity Method Investments | ||||||
-286 | 0 | 0 | - | - | - | 0 |
Excess tax (benefit) deficiency on equity-based compensation | ||||||
- | - | - | 284 | -1,096 | 0 | - |
Excess tax benefit on equity-based compensation | ||||||
- | - | - | - | - | - | 0 |
Deferred Income Tax Expense (Benefit) | ||||||
-1,930 | -12,240 | 6,002 | -2,075 | -4,242 | 0 | 0 |
Change in fair value of contingent consideration | ||||||
4,244 | 338 | 1,066 | 0 | 0 | - | - |
Impairment | ||||||
0 | 1,919 | 1,072 | 0 | 0 | - | - |
(Gain) loss on sale of property and equipment | ||||||
25 | -220 | -279 | - | - | - | - |
(Gain) loss on sale of furniture, fixtures and equipment | ||||||
- | - | - | 0 | 0 | - | - |
Amortization of Debt Issuance Costs | ||||||
308 | 241 | 39 | 0 | 0 | - | - |
Realized and unrealized (gain) loss on investments, net | ||||||
0 | 0 | -91 | -7,787 | 7,600 | 0 | 0 |
Purchases of investments in securities | ||||||
- | - | - | 153,259 | 174,812 | 0 | 0 |
Sales of investments in securities | ||||||
- | - | - | 225,470 | 212,953 | 0 | 0 |
Distributions from investment in unconsolidated entity | ||||||
- | - | - | - | 24 | 0 | - |
Changes in operating assets and liabilities, exclusive of the effect of acquisitions: | ||||||
Accounts receivable | ||||||
1,210 | -225 | 725 | - | - | - | - |
Accounts receivable | ||||||
- | - | - | -234 | 250 | 0 | 0 |
Due from affiliates | ||||||
-843 | 45 | 0 | 0 | - | - | - |
Inventories | ||||||
397 | 132 | 205 | 0 | 0 | - | - |
Restricted cash | ||||||
- | - | - | - | - | 3,337 | 0 |
Prepaid expenses and other | ||||||
2,172 | 907 | 128 | -604 | 1,196 | 497 | -24 |
Investment in unconsolidated entities | ||||||
-115 | 0 | 0 | - | - | - | - |
Operating lease right-of-use assets | ||||||
-2,048 | - | - | - | - | - | - |
Other assets | ||||||
0 | 84 | -190 | 0 | 0 | - | - |
Due from Ashford Trust OP, net | ||||||
- | - | - | - | - | - | 0 |
Due from Ashford Prime OP | ||||||
- | - | - | - | - | - | 960 |
Accounts payable and accrued expenses | ||||||
5,006 | 2,145 | 1,575 | 4,791 | 2,725 | 1,934 | 963 |
Due to affiliates | ||||||
-1,314 | -954 | 689 | -290 | -296 | 667 | 52 |
Other liabilities | ||||||
2,152 | -658 | -676 | 4,068 | 2,347 | 3,337 | 0 |
Operating lease liabilities | ||||||
-2,021 | - | - | - | - | - | - |
Deferred income | ||||||
-420 | -373 | 7,746 | 3,886 | - | - | - |
Deferred income | ||||||
- | - | - | - | 629 | 0 | 0 |
Net cash provided by (used in) operating activities | ||||||
24,699 | 21,519 | 19,415 | 84,858 | 24,801 | -25,074 | -22,445 |
Cash Flows from Investing Activities | ||||||
Purchases of furniture, fixtures and equipment under the Ashford Trust ERFP Agreement | ||||||
- | - | - | 0 | - | - | - |
Additions to property and equipment | ||||||
6,654 | 8,942 | 3,580 | 6,240 | 2,137 | 3,471 | 366 |
Proceeds from disposal of property and equipment, net | ||||||
231 | 140 | 15 | 0 | 0 | - | - |
Cash acquired in acquisition | ||||||
12,056 | 0 | 0 | - | 0 | - | - |
Asset purchase deposit related to RED Hospitality and Leisure LLC | ||||||
- | - | - | - | 0 | - | - |
Payments to Acquire Equity Method Investments | ||||||
314 | 0 | 0 | - | 5,500 | 0 | 0 |
Acquisition of JSAV, net of cash acquired | ||||||
0 | 0 | 18,972 | 0 | 0 | - | - |
Acquisition of assets related to RED | ||||||
1,892 | 5,474 | 750 | 0 | - | - | - |
Redemption of investment in unconsolidated entity | ||||||
- | - | - | 1,375 | 0 | 0 | 0 |
Net cash provided by (used in) investing activities | ||||||
-28,831 | -28,099 | -23,158 | -4,865 | -7,637 | -3,471 | -366 |
Cash Flows from Financing Activities | ||||||
Proceeds from issuance of common stock | ||||||
0 | 18,930 | 0 | 0 | - | - | - |
Proceeds from sale of consolidated noncontrolling interest | ||||||
- | - | - | - | - | 1,200 | 0 |
Excess tax benefit (deficiency) on equity-based compensation | ||||||
- | - | - | -284 | 1,096 | 0 | - |
Excess tax benefit on equity-based compensation | ||||||
- | - | - | - | - | - | 0 |
Purchases of common stock | ||||||
12,389 | 0 | 24 | 20 | 77 | 0 | 0 |
Payments for dividends on preferred stock | ||||||
9,710 | 4,466 | 0 | 0 | - | - | - |
Payments on revolving credit facilities | ||||||
46,808 | 20,881 | 924 | 0 | 0 | - | - |
Borrowings on revolving credit facilities | ||||||
57,647 | 21,878 | 1,507 | 0 | 0 | - | - |
Proceeds from note payable | ||||||
11,105 | 6,593 | 10,000 | 0 | 0 | - | - |
Payments on notes payable | ||||||
2,479 | 1,853 | 222 | 0 | 0 | - | - |
Payments on finance lease liabilities | ||||||
627 | 123 | 83 | - | - | - | - |
Payments of loan costs | ||||||
76 | 638 | 28 | 0 | 0 | - | - |
Employee advances | ||||||
-353 | 82 | 433 | 41 | - | - | - |
Redemption of units | ||||||
- | - | - | 18 | 0 | 0 | - |
Forfeitures of restricted shares | ||||||
- | - | - | - | 10 | 0 | 0 |
Employee advances | ||||||
- | - | - | - | 69 | -211 | - |
Payment of contingent consideration | ||||||
0 | 1,196 | 0 | 0 | - | - | - |
Employee advances | ||||||
- | - | - | - | - | - | 0 |
Contributions from owner | ||||||
- | - | - | - | - | 56,553 | 23,411 |
Contributions from noncontrolling interest | ||||||
980 | 2,666 | 983 | 2,373 | 4,780 | 0 | 0 |
Distributions to noncontrolling interests in consolidated entities | ||||||
63 | 314 | 55,310 | 44,116 | 0 | 0 | - |
Net cash provided by (used in) financing activities | ||||||
-2,067 | 20,514 | -44,534 | -42,106 | 5,858 | 57,542 | 23,411 |
Effect of foreign exchange rate changes on cash and cash equivalents | ||||||
5 | -47 | -10 | 0 | 0 | - | - |
Net change in cash, cash equivalents and restricted cash | ||||||
-6,194 | 13,887 | -48,287 | - | - | - | - |
Net change in cash, cash equivalents and restricted cash | ||||||
- | - | - | 37,887 | 23,022 | - | - |
Net change in cash, cash equivalents and restricted cash | ||||||
- | - | - | 37,887 | 23,022 | - | - |
Supplemental Cash Flow Information | ||||||
Interest paid | ||||||
1,924 | 870 | 53 | - | - | - | - |
Interest paid | ||||||
- | - | - | 134 | 42 | 0 | 0 |
Income taxes paid | ||||||
3,179 | 1,358 | 4,948 | 2,333 | 5,966 | 215 | 0 |
Supplemental Disclosure of Non-Cash Investing and Financing Activities | ||||||
Acquisition through issuance of convertible preferred stock, less cash acquired | ||||||
0 | 200,723 | 0 | 0 | - | - | - |
Amortization of discount on preferred stock | ||||||
- | - | - | 0 | - | - | - |
Contributions associated with non-cash compensation | ||||||
- | - | - | - | - | 18,620 | 25,037 |
Dividends associated with deferred compensation plan | ||||||
- | - | - | - | - | 567 | 537 |
Contributions associated with deferred compensation plan | ||||||
- | - | - | - | - | 747 | 464 |
Distribution from deferred compensation plan | ||||||
- | - | - | - | - | 0 | - |
Dividends declared but not paid | ||||||
- | - | - | - | - | - | 180 |
Common stock consideration for acquisition | ||||||
- | - | - | - | - | - | 0 |
Contributions of securities from noncontrolling interests in consolidated entities | ||||||
- | - | - | - | 110,630 | 0 | 0 |
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued | ||||||
113 | 241 | 229 | 0 | 142 | - | - |
Capital expenditures accrued but not paid | ||||||
968 | 618 | 1,397 | 620 | 192 | 530 | 0 |
Capital additions associated with common stock issuance | ||||||
- | - | - | - | 1,363 | 0 | 0 |
Accrued but unpaid redemption of AQUA U.S. Fund | ||||||
- | - | - | 2,311 | 0 | - | - |
Subsidiary equity consideration for acquisitions | ||||||
- | - | 425 | - | - | - | - |
Assumption of debt associated with acquisitions | ||||||
- | - | 475 | - | - | - | - |
Issuance of OpenKey warrant | ||||||
0 | 26 | 28 | 0 | 0 | - | - |
Finance lease additions | ||||||
42,028 | 220 | 0 | 0 | - | - | - |
JSAV loan costs paid from revolving credit facility | ||||||
0 | 0 | 231 | 0 | 0 | - | - |
Acquisition of noncontrolling interest in consolidated entities | ||||||
0 | 327 | 1,196 | 0 | 0 | - | - |
Supplemental Disclosure of Cash, Cash Equivalents and Restricted Cash | ||||||
Net change in cash and cash equivalents | ||||||
- | - | - | - | - | 28,997 | 600 |
Sebago | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
162 | - | - | - | - | - | - |
Payments to Acquire Businesses, Gross | ||||||
2,426 | 0 | 0 | - | - | - | - |
Common stock consideration for acquisition | ||||||
4,539 | 0 | 0 | - | - | - | - |
Ashford Trust | ||||||
Due from related parties | ||||||
-160 | -8,916 | 1,302 | - | - | - | - |
Purchases of furniture, fixtures and equipment under the Ashford Trust ERFP Agreement | ||||||
13,089 | 16,100 | 0 | - | - | - | - |
Braemar | ||||||
Due from related parties | ||||||
-116 | -205 | -2,079 | - | - | - | - |
Purchases of furniture, fixtures and equipment under the Ashford Trust ERFP Agreement | ||||||
10,300 | 0 | 0 | - | - | - | - |
Ashford Trust OP | ||||||
Due from affiliates | ||||||
- | - | - | 6,323 | - | - | - |
Braemar OP | ||||||
Due from affiliates | ||||||
- | - | - | -4 | - | - | - |
Premier | ||||||
Cash acquired in acquisition | ||||||
0 | 2,277 | 0 | 0 | - | - | - |
Pure Wellness | ||||||
Cash acquired in acquisition | ||||||
0 | 0 | 129 | 0 | - | - | - |
Subsidiary equity consideration for acquisitions | ||||||
0 | 0 | - | 0 | - | - | - |
Assumption of debt associated with acquisitions | ||||||
0 | 0 | - | 0 | - | - | - |
BAV | ||||||
Payments to Acquire Businesses, Gross | ||||||
4,267 | 0 | 0 | - | - | - | - |
Common stock consideration for acquisition | ||||||
3,748 | 0 | 0 | - | - | - | - |
REA Holdings | ||||||
Payments to Acquire Equity Method Investments | ||||||
2,176 | 0 | 0 | - | - | - | - |
Common stock consideration for acquisition | ||||||
887 | 0 | 0 | - | - | - | - |
Remington | ||||||
Acquisition through issuance of convertible preferred stock, less cash acquired | ||||||
260,442 | 0 | 0 | - | - | - | - |
Ashford Inc. | ||||||
Subsidiary equity consideration for acquisitions | ||||||
- | - | 5,063 | 0 | - | - | - |
JSAV | ||||||
Assumption of debt associated with acquisitions | ||||||
0 | 0 | 978 | 0 | - | - | - |