Braemar hotels & resorts inc. (BHR)
Balance Sheet / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
ASSETS
Property, Plant and Equipment, Gross

1,791,174

1,768,160

1,748,734

1,719,275

1,562,806

1,536,078

1,520,011

1,406,476

1,403,110

1,529,111

1,518,286

1,411,428

1,258,412

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment

309,752

296,557

288,319

276,799

262,905

252,686

241,928

258,173

257,268

297,976

265,807

254,168

243,880

-

-

-

-

-

-

-

-

-

-

-

-

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61,912

-

-

-

-

-

Total cash, cash equivalents and marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

171,115

-

-

-

-

-

Investments in hotel properties, net

1,481,422

1,471,603

1,460,415

1,442,476

1,299,901

1,283,392

1,278,083

1,148,303

1,145,842

1,231,135

1,252,479

1,157,260

1,014,532

1,018,889

1,019,958

1,082,812

1,091,479

1,034,073

978,678

984,953

990,303

-

-

-

765,326

Investments in hotel properties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

997,844

1,004,808

1,012,137

-

Cash and Cash Equivalents, at Carrying Value

71,995

82,583

80,360

73,802

182,578

163,825

169,235

95,223

137,522

126,771

129,675

161,314

126,790

128,625

130,014

101,891

105,039

85,708

180,467

109,203

171,439

182,782

178,232

176,418

143,776

Restricted Cash and Cash Equivalents

58,388

57,367

70,064

86,309

75,910

74,973

83,096

63,385

47,820

31,609

34,793

35,779

37,855

41,098

40,352

36,374

33,135

32,007

29,372

27,457

29,646

29,365

26,600

5,572

5,951

Accounts Receivable, after Allowance for Credit Loss

19,053

19,657

19,266

23,314

12,739

23,715

22,338

19,692

14,334

20,493

18,607

24,912

18,194

17,527

17,296

14,562

13,370

13,714

13,184

13,418

12,382

16,137

15,265

11,080

7,029

Insurance receivable

-

-

-

-

-

0

0

14,203

8,800

19,037

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

2,794

2,350

2,321

2,358

1,862

1,836

1,898

1,429

1,425

1,739

1,780

1,790

1,479

1,401

1,407

1,467

1,451

809

682

673

696

624

647

641

318

Note receivable

-

-

-

-

-

0

0

8,098

8,098

8,098

8,098

8,098

8,098

8,098

8,098

8,098

8,098

8,098

8,098

8,098

8,098

8,098

8,098

8,098

8,098

Deferred costs, net

-

-

-

-

-

387

477

566

-

745

835

924

1,020

139

344

550

755

3,867

4,508

5,028

1,204

4,127

4,607

5,084

4,064

Prepaid expenses

4,992

6,376

8,246

7,275

4,409

5,966

4,325

5,943

3,670

4,493

5,764

6,471

3,669

4,495

5,474

5,056

3,132

3,684

3,149

3,782

2,422

3,231

4,292

4,064

2,233

Investment in Ashford Inc., at fair value

-

-

-

1,872

-

1,854

-

1,997

0

-

-

-

-

0

0

45,715

-

47,073

50,472

-

0

-

-

-

-

Investment in Ashford Inc., at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

9,286

9,744

8,884

-

12,365

-

-

0

-

-

-

-

Derivative Asset

582

773

911

815

772

827

1,007

1,004

594

758

218

414

1,149

3,012

7,001

4,404

753

1,795

3

11

35

50

47

98

0

Other assets

13,018

12,257

10,847

10,314

13,831

8,486

7,800

15,400

10,082

4,524

5,542

9,068

2,249

1,623

2,588

3,445

2,543

2,415

6,712

1,965

1,193

1,165

2,255

1,954

4,501

Operating lease right-of-use assets

82,596

82,976

82,353

82,308

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finite-Lived Intangible Assets, Net

5,019

5,114

5,208

5,303

27,678

27,836

27,994

22,476

22,545

22,615

22,684

22,760

22,846

22,920

23,000

23,080

23,160

23,240

2,498

2,520

2,542

2,565

2,587

2,609

2,631

Due from affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

7

-

-

-

-

-

-

-

-

-

-

-

Due from Ashford Trust OP,net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110

-

-

-

-

-

-

-

Due from related parties, net

551

817

875

350

0

0

588

873

349

645

321

598

377

454

532

682

371

535

649

742

541

649

590

709

12

Due From Third Party Hotel Managers

16,638

18,019

11,557

14,402

4,927

1,960

5,522

5,748

4,589

7,492

8,227

9,936

7,555

6,554

9,771

12,692

10,722

8,599

8,077

6,070

5,504

6,359

4,796

20,635

18,480

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59,746

-

-

-

-

-

-

-

-

-

-

Assets

1,758,947

1,766,565

1,760,439

1,761,719

1,636,487

1,609,843

1,616,926

1,422,992

1,423,819

1,491,964

1,498,958

1,450,822

1,256,997

1,264,128

1,335,325

1,349,712

1,352,750

1,278,092

1,286,549

1,225,832

1,226,005

1,252,996

1,252,824

1,249,099

962,419

LIABILITIES AND EQUITY
Liabilities:
Long-term Debt

1,058,486

1,057,467

1,047,681

1,046,749

985,873

985,716

985,205

821,053

820,959

906,820

907,002

856,161

764,616

766,030

776,025

834,110

835,592

760,344

762,358

764,341

761,727

765,164

767,124

769,054

621,882

Capital lease payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

13

20

-

Accounts Payable and Accrued Liabilities

94,919

97,945

85,542

76,777

64,116

67,441

63,976

57,468

56,803

59,912

54,604

52,939

44,791

51,123

58,286

47,762

43,568

37,482

30,685

30,250

29,273

28,440

28,165

29,833

17,279

Dividends Payable

9,143

9,502

9,334

9,174

8,514

8,840

8,572

8,374

8,146

8,599

8,356

8,025

5,038

4,876

4,962

4,325

3,439

3,320

3,021

1,389

1,425

1,477

1,477

1,705

1,245

Unfavorable management contract liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

119

158

198

237

277

316

356

395

435

474

Due to Ashford Inc.

4,344

4,749

4,030

5,114

4,001

3,182

1,100

267

1,703

0

0

0

2,500

0

-

-

0

-

-

-

-

-

-

-

-

Due to Ashford Trust OP, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

13

-

-

-

-

-

-

-

-

-

Due to related parties, net

0

0

0

0

224

8

-

-

0

-

-

-

-

3,721

5,907

5,286

-

-

-

-

-

-

-

-

-

Due to Ashford Trust OP, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,343

335

896

-

-

-

13,042

Due to Ashford Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,441

2,404

2,819

2,546

-

-

-

0

Due to Ashford Trust, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,815

4,616

1,580

-

Due to third-party hotel managers

1,685

2,172

3,154

2,415

1,633

2,608

2,299

2,231

1,709

2,633

2,583

962

973

1,117

1,193

1,254

1,158

1,146

1,142

860

954

980

1,086

769

649

Operating Lease, Liability

61,118

61,168

60,779

60,617

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible liability, net

-

-

-

-

-

0

0

3,555

3,569

3,583

3,597

3,611

3,625

3,640

3,654

3,668

3,682

3,696

3,710

3,725

3,739

-

-

-

3,795

Liabilities associated with marketable securities and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,450

-

-

-

-

-

Intangible liability, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,753

3,767

3,781

-

Other liabilities

17,508

29,525

27,991

26,524

29,033

16,734

21,585

1,681

1,628

1,576

1,520

1,465

1,432

1,354

1,297

1,239

1,181

1,146

1,091

1,109

1,131

1,139

1,062

928

926

Liabilities related to assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57,859

-

-

-

-

-

-

-

-

-

-

Liabilities

1,247,203

1,262,528

1,238,511

1,227,370

1,093,394

1,084,529

1,082,737

894,629

894,517

984,503

981,552

926,694

828,060

831,861

909,198

897,776

895,675

809,773

805,991

815,555

802,007

805,130

807,705

808,105

659,292

Commitments and contingencies (note 18)

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

5.50% Series B cumulative convertible preferred stock, $0.01 par value, 5,008,421 and 4,965,850 shares issued and outstanding at December 31, 2019 and 2018, respectively

106,920

106,123

106,123

106,123

106,123

106,123

106,123

106,123

106,123

106,123

106,129

104,321

65,960

65,960

65,997

62,236

62,248

62,339

62,823

-

0

-

-

-

-

Redeemable Noncontrolling Interest, Equity, Carrying Amount

-

40,584

42,075

51,010

-

49,726

47,818

46,259

46,627

45,782

47,550

48,585

59,544

63,095

62,509

50,858

61,781

59,484

126,600

-

149,555

135,110

151,716

132,695

-

Redeemable noncontrolling interests in operating partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142,179

-

-

-

-

159,726

Equity:
Preferred stock, $0.01 value, 50,000,000 shares authorized:
Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at December 31, 2019 and 2018

16

16

16

16

16

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, $0.01 par value, 200,000,000 shares authorized, 32,885,217 and 32,511,660 shares issued and outstanding at December 31, 2019 and 2018, respectively

329

329

329

328

325

325

325

325

321

319

319

317

260

256

262

285

285

297

256

254

245

254

254

253

161

Additional paid-in capital

519,551

518,304

516,700

514,739

512,545

474,043

472,945

472,220

469,791

467,460

467,866

467,535

401,790

399,517

408,078

436,881

438,347

456,172

393,921

390,610

376,869

391,096

391,083

390,859

246,928

Accumulated deficit

-150,629

-155,024

-137,775

-132,575

-115,410

-99,238

-87,777

-91,769

-88,807

-106,941

-99,060

-91,246

-93,254

-90,662

-104,971

-92,656

-99,773

-83,564

-75,506

-95,056

-98,210

-74,921

-94,714

-79,782

-101,062

Treasury stock, at cost, 1,265,753 and 929,270 shares at September 30, 2015 and December 31, 2014, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,826

23,053

23,102

-

10

7

-

0

Stockholders' Equity Attributable to Parent

369,267

363,625

379,270

382,508

397,476

375,130

385,493

380,776

381,305

360,838

369,125

376,606

308,796

309,111

303,369

344,510

338,859

351,079

295,618

272,706

278,904

316,419

296,616

311,330

146,027

Noncontrolling interest in consolidated entities

-6,013

-6,295

-5,540

-5,292

-5,391

-5,665

-5,245

-4,795

-4,753

-5,282

-5,398

-5,384

-5,363

-5,899

-5,748

-5,668

-5,813

-4,583

-4,483

-4,608

-4,461

-3,663

-3,213

-3,031

-2,626

Total equity

363,254

357,330

373,730

377,216

392,085

369,465

380,248

375,981

376,552

355,556

363,727

371,222

303,433

303,212

297,621

338,842

333,046

346,496

291,135

268,098

274,443

312,756

293,403

308,299

143,401

Total liabilities and equity

1,758,947

1,766,565

1,760,439

1,761,719

1,636,487

1,609,843

1,616,926

1,422,992

1,423,819

1,491,964

1,498,958

1,450,822

1,256,997

1,264,128

1,335,325

1,349,712

1,352,750

1,278,092

1,286,549

1,225,832

1,226,005

1,252,996

1,252,824

1,249,099

962,419

OpenKey
Investment in Ashford Inc., at fair value

1,899

1,949

1,821

-

1,766

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ashford Inc.
Investment in Ashford Inc., at fair value

-

-

6,195

10,821

10,114

-

-

-

18,124

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets

-

421,837

418,178

420,106

379,005

-

-

-

114,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to Ashford Inc.

4,344

-

-

-

4,001

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities

-

148,779

142,743

144,363

108,726

-

-

-

78,742

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable Noncontrolling Interest, Equity, Carrying Amount

-

3,641

3,615

3,810

3,531

-

-

-

5,111

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders' Equity Attributable to Parent

-

66,467

69,588

69,968

65,443

-

-

-

30,185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interest in consolidated entities

-

765

410

627

458

-

-

-

772

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

-

67,232

69,998

70,595

65,901

-

-

-

30,957

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

-

421,837

418,178

420,106

379,005

-

-

-

114,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair Value, Recurring
Derivative Asset

582

-

-

-

772

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-