CONDOR HOSPITALITY TRUST, INC. CDOR Cash Flow

Condor hospitality trust, inc. (CDOR)

CashFlow / Quarterly

Mar'20	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	Mar'11
Cash flows from operating activities:
Net earnings (loss)
-3,025	-1,824	-1,988	-1,270	15	-1,207	2,678	2,907	792	1,348	-1,039	4,992	-2,400	4,639	2,853	8,343	7,687	4,817	11,954	-5,899	3,450	-2,895	-2,401	-10,458	-505	-1,365	1,699	2,378	-4,065	-6,424	-2,265	2,440	-3,971	-8,250	-1,404	-4,112	-3,711
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization expense
2,710	2,407	2,405	2,394	2,362	2,349	2,423	2,444	2,259	2,085	1,993	1,769	1,051	1,094	1,398	1,289	1,409	1,564	1,099	1,257	1,480	-	-	-	1,676	1,743	1,749	1,841	1,961	2,136	2,256	2,226	2,170	2,312	2,421	2,642	2,621
Net (gain) loss on disposition of assets
-9	-45	-14	-16	39	-17	3,716	1,895	-24	2,004	-46	4,852	-3	7,318	3,591	8,856	4,048	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss on derivatives and convertible debt
-759	-155	-223	-456	-237	-402	116	156	447	20	14	227	175	72	26	162	6,117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,328	2,926	590	950	-26	2,168	466	142	144	365	1,350	-53	2,006	564	4,773	490	-9	1,126	354	-19
Net (gain) loss on derivatives and convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,570	7,895	-4,710	4,823	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of joint venture
80	-405	-84	166	513	-469	-41	63	229	-105	159	25	111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
275	286	286	322	373	363	363	364	353	340	310	280	136	105	143	174	175	114	153	210	237	196	399	405	292	210	330	296	288	235	112	149	132	113	138	100	118
Amortizaton of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	21	17	-	0	0	0	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-167	0	0	-800	-639	-399	-976	-173	-102	-104	0	-7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment (recovery) loss, net
-	-	-	-	-	0	0	0	-93	553	848	479	271	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment loss, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	921	506	-29	-	262	954	507	1,923	2,732	4,083	1,434	-	-	-	-
Amortization of stock option expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14
Provision for impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	449
Unrealized (gain) loss on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,615	-11,718	2,115	5,534	2,674	2,137	-317	1,331	-1,232	867	-1,213	-	-	-	-
Impairment loss, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	121	793	311	-313	2,978	732	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
84	125	141	424	336	62	247	263	402	572	508	80	77	77	89	70	69	83	79	74	49	9	5	12	8	12	4	19	12	17	14	10	3	-	-	-	-
Warrant issuance cost
-	-	-	-	-	-	-	-	-	0	0	0	289	0	0	0	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for deferred taxes
-333	208	-6	439	180	-34	125	47	122	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of warrant issuance cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	14	15	14	15	14	15	14	15	14	15	14	-	-	-	-	-	-	-	-
Provision for deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,834	-84	-354	662	665	111	55	1,073
Changes in operating assets and liabilities:
(Increase) decrease in assets
-748	-695	-2,836	1,521	838	-1,205	142	450	31	-604	838	809	-693	-542	-463	495	655	-426	-1,132	44	1,072	-2,822	799	1,698	388	-1,689	-1,677	2,521	252	-3,278	371	1,157	558	-939	572	-6,386	568
Increase (decrease) in liabilities
-12	-2,855	1,073	201	959	-2,197	551	198	-217	-1,103	1,708	904	991	-1,470	-245	-128	1,411	-1,687	14	-247	1,120	-3,610	623	1,061	993	-3,219	-318	1,615	924	-3,318	-658	1,431	447	-1,415	-1,003	-5,700	829
Net cash provided by operating activities
1,135	-353	5,235	1,298	3,072	1,429	2,517	3,783	2,935	1,987	3,414	2,591	1,625	-1,354	1,880	1,332	909	-1,153	3,415	2,464	244	169	2,834	2,683	-179	-1,230	2,378	1,110	-241	359	2,586	3,920	-282	-471	903	3,735	-1,302
Cash flows from investing activities:
Additions to hotel properties
264	246	159	279	791	455	356	510	661	569	691	684	870	662	894	1,196	694	941	1,642	675	595	851	906	896	381	-271	1,737	2,027	1,640	3,955	1,316	1,622	1,569	1,070	1,463	1,441	990
Deposit on hotel property and franchise fees
-	-	-	-	-	-	-	-	-	-	-	-	188	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions in excess of cumulative earnings from joint venture
480	0	793	650	200	302	337	476	360	800	228	0	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hotel acquisitions
-	-	-	-	-	-	-	-	-	-	38,650	29,017	54,602	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hotel acquisitions, net of cash acquired
7,175	-	-	-	-	0	20	0	35,623	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sale of hotel assets
1	5	-3	0	4,189	6	4,934	6,881	7,875	4,463	3,867	12,792	6,508	25,219	8,417	15,949	9,008	13,478	23,628	8,858	7,342	5,334	6,284	8,717	981	979	6,954	9,725	3,088	10,729	1,509	9,227	2,720	955	6,811	3,108	2,237
Net change in capital expenditure escrows
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-211	-34	954	-1,257	-138	123	-191	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-6,958	-241	631	371	3,598	-147	4,895	6,847	-28,049	4,359	-35,721	-16,721	-48,752	1,686	-2,256	14,719	9,268	-30,942	21,478	8,306	6,556	4,143	5,342	7,857	600	1,250	5,217	7,698	1,448	6,774	193	-3,895	1,151	-115	5,348	1,667	1,247
Cash flows from financing activities:
Deferred financing costs
345	0	3	129	283	0	0	-3	150	793	61	996	2,554	107	8	18	3	353	314	192	6	-1	58	381	47	653	223	9	196	-	-	-	-	275	4	5	47
Proceeds from long-term debt
9,020	0	0	0	1,500	0	0	500	34,818	26,500	38,500	20,000	89,000	15,992	91	3,625	6,415	-	-	-	-	-	-	-	-	8,300	0	0	2,371	35,922	2,000	-750	2,000	11,332	3,000	2,223	4,055
Principal payments on long-term debt
306	302	295	291	4,393	335	5,113	7,047	7,770	31,309	3,669	11,017	76,405	17,006	5,951	14,877	12,436	21,014	10,225	13,124	7,505	4,790	6,874	8,793	1,750	7,689	7,316	10,693	8,335	38,552	7,449	-6,158	21,361	4,687	9,106	7,048	3,585
Payments on revolving debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,260	11,272	12,488	7,036	7,771	8,646	9,004	5,422	7,796	9,241	11,405	10,036	-	-	-	-	-	-	-	-
Proceeds from revolving debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,349	7,717	10,538	7,548	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt early extinguishment penalties
-	-	-	-	-	-	-	-	-	0	0	0	454	484	329	826	113	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,317	7,180	7,153	-	10,640	14,246	14,542	-	-	-	-	-	-	-	-
Distributions to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	3	3	3	7	14	14	14
Preferred stock offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,575	-	-	-	-
Proceeds from common stock issuance
-	-	-	-	-	0	3	154	103	1,589	-9	-28	45,916	-	-	-	-	0	0	0	346	0	0	860	0	-	-	-	-	-	-	-	-	-	-	-	-
Fractional common shares settled in reverse stock split
-	-	-	-	-	-	-	-	-	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A and B Preferred Stock redemption, including accumulated dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	20	20,147	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series D Preferred Stock issuance
-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-46	-67	28,997	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series E Preferred Stock issuance costs
-	-	-	-	-	-	-	-	-	20	60	126	1,004	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of common units
-	0	0	0	42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax withholdings on stock compensation
15	175	15	101	65	15	15	14	161	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid to common shareholders
-	2,339	2,323	2,324	2,318	2,316	2,317	2,316	2,308	2,275	2,267	2,253	149	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid to common unit holders
-	2	11	11	12	18	19	18	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid to preferred shareholders
-	-	-	-	-	289	145	145	144	144	1	144	1,676	0	975	1,139	1,484	-	-	-	-	-	-	-	-	107	1,568	837	107	1,567	838	657	368	108	368	369	368
Other items
-	-	-	-	-	-	-	-	-	0	-2	2	-59	-30	-1	0	-6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
8,354	-2,963	-2,795	-3,001	-5,613	-3,111	-7,766	-8,883	24,371	-6,607	32,431	5,439	52,614	-1,787	-7,268	-13,322	1,223	22,042	-14,094	-6,966	-6,653	-4,638	-8,316	-10,301	-66	-309	-7,700	-8,706	-1,761	-6,898	-3,290	-8,849	8,843	556	-6,492	-5,171	41
Increase in cash, cash equivalents, and restricted cash
2,531	-3,557	3,071	-1,332	1,057	-1,829	-354	1,747	-743	-261	124	-8,691	5,487	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,644	2,729	11,400	-10,053	10,799	3,804	147	-326	-140	239	355	-289	-105	102	-554	235	-511	-8,824	9,712	-30	-241	231	-14
Supplemental cash flow information:
Interest paid
1,564	1,535	1,678	1,829	1,690	1,039	1,837	1,700	1,515	1,233	1,001	853	798	917	1,033	1,114	1,165	1,144	1,015	1,441	1,485	1,562	1,827	1,933	1,797	1,910	1,830	2,502	2,254	2,265	2,266	2,449	2,660	-	-	-	-
Income taxes paid, net of refunds
1	-	0	1	66	-	44	0	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
-	-	-	-	-	-	-	-	-	115	0	0	88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Schedule of noncash investing and financing activities:
Debt assumed in acquisition
34,080	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Land option liability in acquisition
8,497	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of operating partnership common units issued in acquisitions
-	-	-	-	-	0	0	0	50	0	150	137	148	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
In kind dividends deemed on preferred stock
-	-	-	-	-	-	-	-	-	0	0	0	9,900	0	0	-3,742	23,960	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of amounts capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,824	2,985
Dividends declared
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	837	657	-	-	-	-