Condor hospitality trust, inc. (CDOR)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net earnings (loss)

-5,067

5,170

2,901

23,522

14,322

-16,259

-1,353

-10,220

-17,477

-10,602

-27,525

Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization expense

9,568

9,475

6,898

5,190

5,400

6,549

7,294

8,788

9,996

11,708

14,241

Net (gain) loss on disposition of assets

-36

5,570

6,807

23,813

-

-

-

-

-

-

-

Net loss on derivatives and convertible debt

-1,071

317

436

6,377

-

-

-

-

-

-

-

Net gain on disposition of assets

-

-

-

-

7,794

2,750

1,806

7,833

1,452

1,276

2,264

Net (gain) loss on derivatives and convertible debt

-

-

-

-

11,578

-14,430

-

-

-

-

-

Equity in earnings of joint venture

190

-218

190

-244

-

-

-

-

-

-

-

Distributions from cumulative earnings of joint venture

170

187

51

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

1,267

1,443

1,066

597

714

1,292

1,124

628

469

487

595

Amortizaton of debt discount

-

-

-

-

-

38

-

0

-

-

-

Loss on extinguishment of debt

-

-

-967

-2,187

-213

-278

-

-

-

-

-

Impairment (recovery) loss, net

-

-93

2,151

1,477

-

-

-

-

-

-

-

Stock-based compensation expense

-

-

-

-

-

-

-

-

29

-

-

Impairment loss, net

-

-

-

-

-

-

-

10,172

14,308

8,198

-

Amortization of stock option expense

-

-

-

-

-

-

-

-

-

-

6

Provision for impairment loss

-

-

-

-

-

-

-

-

-

-

24,148

Unrealized (gain) loss on derivative instruments

-

-

-

-

-

-

10,028

-247

0

-

-

Gain on debt conversion

-

-

-

-

-

88

-

-

-

-

-

Impairment loss, net

-

-

-

-

3,708

2,921

7,086

-

-

-

-

Stock-based compensation expense

1,026

974

1,237

305

285

34

47

44

-

30

-

Warrant issuance cost

-

-

289

12

-

-

-

-

-

-

-

Provision for deferred taxes

821

260

-660

-

-

-

-

-

-

-

-

Gain on debt conversion

-

-

-

-

-

-

-

0

-

-

-

Amortization of warrant issuance cost

-

-

-

-

58

58

58

53

0

-

-

Provision for deferred taxes

-

-

-

-

-

-

-

-5,610

1,904

1,756

-

Changes in operating assets and liabilities:
(Increase) decrease in assets

-1,172

-582

350

145

-442

63

-593

-1,192

-6,185

6,511

1,525

Increase (decrease) in liabilities

-622

-1,665

2,500

-432

-800

-933

-998

-2,098

-7,289

7,394

-1,575

Net cash provided by operating activities

9,252

10,664

9,617

2,767

4,970

5,507

2,017

6,583

2,865

7,672

6,101

Cash flows from investing activities:
Additions to hotel properties

1,475

1,982

2,814

3,446

3,853

3,034

5,133

8,462

4,964

4,344

4,484

Deposit on hotel property and franchise fees

-

-

810

-

-

-

-

-

-

-

-

Investment in joint venture

-

-

-

9,280

-

-

-

-

-

-

-

Distributions in excess of cumulative earnings from joint venture

1,643

1,475

1,428

-

-

-

-

-

-

-

-

Hotel acquisitions

-

-

-

22,450

42,592

-

-

-

-

-

-

Hotel acquisitions, net of cash acquired

-

35,643

122,269

-

-

-

-

11,500

0

-

-

Net proceeds from sale of hotel assets

4,191

19,696

27,630

58,593

53,306

21,316

20,746

24,185

13,111

11,209

16,509

Net change in capital expenditure escrows

-

-

-

-

-1,463

-340

-

-

-

-

-

Net cash provided by (used in) investing activities

4,359

-16,454

-96,835

23,417

5,398

17,942

15,613

4,223

8,147

6,865

12,025

Cash flows from financing activities:
Deferred financing costs

415

147

4,404

136

865

485

1,081

2,422

331

61

431

Proceeds from long-term debt

1,500

35,318

174,000

26,123

44,620

-

10,671

39,172

20,610

2,417

15,541

Principal payments on long-term debt

5,281

20,265

122,400

50,270

51,868

22,207

34,033

61,204

24,426

16,920

28,834

Payments on revolving debt

-

-

-

-

39,056

30,843

38,478

31,897

51,708

-

-

Proceeds from revolving debt

-

-

-

-

41,152

29,692

47,064

-

-

-

-

Debt early extinguishment penalties

-

-

454

1,752

-

120

-

-

-

-

-

Proceeds from revolving debt

-

-

-

-

-

-

-

20,905

46,359

-

-

Redemption of operating partnership units

-

-

-

-

-

-

-

114

397

-

1,267

Distributions to noncontrolling interest

-

-

-

-

-

-

-

10

49

56

271

Preferred stock offering

-

-

-

-

-

-

-

28,806

0

-

-

Proceeds from common stock issuance

-

260

47,468

-

346

860

-

0

89

1,462

-

Series A and B Preferred Stock redemption, including accumulated dividends

-

-

-

20,167

-

-

-

-

-

-

-

Series D Preferred Stock issuance

-

-

-

28,881

-

-

-

-

-

-

-

Series E Preferred Stock issuance costs

-

-

1,210

-

-

218

-

0

-

-

-

Redemption of common units

42

298

-

-

-

-

-

-

-

-

-

Tax withholdings on stock compensation

356

205

-

-

-

-

-

-

-

-

-

Cash dividends paid to common shareholders

9,304

9,257

6,944

198

-

-

-

-

-

-

-

Cash dividends paid to common unit holders

36

72

-

-

-

-

-

-

-

-

-

Cash dividends paid to preferred shareholders

434

723

1,965

3,598

-

-

2,619

3,430

1,213

1,474

3,148

Contingent consideration paid subsequent to acquisition

-

-

155

-

-

-

-

-

-

-

-

Other items

-4

-

-59

-37

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-14,372

4,611

83,877

-21,154

-5,671

-23,321

-18,476

-10,194

-11,066

-14,632

-18,410

Increase in cash, cash equivalents, and restricted cash

-761

-1,179

-3,341

5,030

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

4,697

128

-846

612

-54

-95

-284

Supplemental cash flow information:
Interest paid

6,732

6,091

3,885

4,229

5,085

7,119

8,496

9,640

11,953

11,795

-

Income taxes paid

307

42

203

37

-

-

-

-

-

-

-

Schedule of noncash investing and financing activities:
Convertible loan embedded derivative

-

-

-

-

-

151

-

-

-

-

-

Debt converted to common stock

-

-

-

-

-

2,000

-

-

-

-

-

Common stock issued on conversion of debt

-

-

-

-

-

1,950

-

-

-

-

-

Debt assumed in acquisition

-

-

9,096

-

11,220

-

-

-

-

-

-

Fair value of operating partnership common units issued in acquisitions

-

50

435

50

450

-

-

-

-

-

-

Fair value of operating partnership common units converted to common stock

595

-

-

-

-

-

-

-

-

-

-

In kind dividends deemed on preferred stock

-

-

9,900

20,218

-

-

3,349

3,169

-

-

-

Interest paid, net of amounts capitalized

-

-

-

-

-

-

-

-

-

-

12,487

Dividends declared

-

-

-

-

-

-

-

-

1,474

1,474

-