CONDOR HOSPITALITY TRUST, INC. CDOR Cash Flow

Condor hospitality trust, inc. (CDOR)

CashFlow / TTM

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)
-8,107	-5,067	-4,450	216	4,393	5,170	7,725	4,008	6,093	2,901	6,192	10,084	13,435	23,522	23,700	32,801	18,559	14,322	6,610	-7,745	-12,304	-16,259	-14,729	-10,629	2,207	-1,353	-6,412	-10,376	-10,314	-10,220	-12,046	-11,185	-17,737	-17,477	0	0	0
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization expense
9,916	9,568	9,510	9,528	9,578	9,475	9,211	8,781	8,106	6,898	5,907	5,312	4,832	5,190	5,660	5,361	5,329	5,400	0	0	0	-	-	-	7,009	7,294	7,687	8,194	8,579	8,788	8,964	9,129	9,545	9,996	0	0	0
Net (gain) loss on disposition of assets
-84	-36	-8	3,722	5,633	5,570	7,591	3,829	6,786	6,807	12,121	15,758	19,762	23,813	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss on derivatives and convertible debt
-1,593	-1,071	-1,318	-979	-367	317	739	637	708	436	488	500	435	6,377	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,794	4,440	3,682	3,558	2,750	2,920	1,117	2,001	1,806	3,668	3,867	7,290	7,833	5,818	6,380	1,961	1,452	0	0	0
Net (gain) loss on derivatives and convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,578	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of joint venture
-243	190	126	169	66	-218	146	346	308	190	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
1,169	1,267	1,344	1,421	1,463	1,443	1,420	1,367	1,283	1,066	831	664	558	597	606	616	652	714	796	1,042	1,237	1,292	1,306	1,237	1,128	1,124	1,149	931	784	628	506	532	483	469	0	0	0
Amortizaton of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-967	-1,439	-1,838	-2,814	-2,187	-1,650	-1,355	-379	-213	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment (recovery) loss, net
-	-	-	-	-	-93	460	1,308	1,787	2,151	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment loss, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	3,646	6,116	9,245	10,172	0	0	0	-	-	-	-
Amortization of stock option expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Provision for impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Unrealized (gain) loss on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,684	-1,395	12,460	10,028	5,825	1,919	649	-247	0	0	0	-	-	-	-
Impairment loss, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	912	3,769	3,708	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
774	1,026	963	1,069	908	974	1,484	1,745	1,562	1,237	742	323	313	305	311	301	305	285	211	137	75	34	37	36	43	47	52	62	53	44	0	0	0	-	-	-	-
Warrant issuance cost
-	-	-	-	-	-	-	-	-	289	289	289	289	12	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for deferred taxes
308	821	579	710	318	260	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of warrant issuance cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	58	58	58	58	58	58	58	58	0	0	0	-	-	-	-	-	-	-	-
Provision for deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,610	889	1,084	1,493	1,904	0	0	0
Changes in operating assets and liabilities:
(Increase) decrease in assets
-2,758	-1,172	-1,682	1,296	225	-582	19	715	1,074	350	412	-889	-1,203	145	261	-408	-859	-442	-2,838	-907	747	63	1,196	-1,280	-457	-593	-2,182	-134	-1,498	-1,192	1,147	1,348	-6,195	-6,185	0	0	0
Increase (decrease) in liabilities
-1,593	-622	36	-486	-489	-1,665	-571	586	1,292	2,500	2,133	180	-852	-432	-649	-390	-509	-800	-2,723	-2,114	-806	-933	-542	-1,483	-929	-998	-1,097	-1,437	-1,621	-2,098	-195	-540	-7,671	-7,289	0	0	0
Net cash provided by operating activities
7,315	9,252	11,034	8,316	10,801	10,664	11,222	12,119	10,927	9,617	6,276	4,742	3,483	2,767	2,968	4,503	5,635	4,970	6,292	5,711	5,930	5,507	4,108	3,652	2,079	2,017	3,606	3,814	6,624	6,583	5,753	4,070	3,885	2,865	0	0	0
Cash flows from investing activities:
Additions to hotel properties
948	1,475	1,684	1,881	2,112	1,982	2,096	2,431	2,605	2,814	2,907	3,110	3,622	3,446	3,725	4,473	3,952	3,853	3,763	3,027	3,248	3,034	1,912	2,743	3,874	5,133	9,359	8,938	8,533	8,462	5,577	5,724	5,543	4,964	0	0	0
Deposit on hotel property and franchise fees
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions in excess of cumulative earnings from joint venture
1,923	1,643	1,945	1,489	1,315	1,475	1,973	1,864	1,388	1,428	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hotel acquisitions
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hotel acquisitions, net of cash acquired
0	-	-	-	-	35,643	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sale of hotel assets
3	4,191	4,192	9,129	16,010	19,696	24,153	23,086	28,997	27,630	48,386	52,936	56,093	58,593	46,852	62,063	54,972	53,306	45,162	27,818	27,677	21,316	16,961	17,631	18,639	20,746	30,496	25,051	24,553	24,185	14,411	19,713	13,594	13,111	0	0	0
Net change in capital expenditure escrows
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-548	-475	-318	-1,463	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-6,197	4,359	4,453	8,717	15,193	-16,454	-11,948	-52,564	-76,132	-96,835	-99,508	-66,043	-34,603	23,417	-9,211	14,523	8,110	5,398	40,483	24,347	23,898	17,942	15,049	14,924	14,765	15,613	21,137	16,113	4,520	4,223	-2,666	2,489	8,051	8,147	0	0	0
Cash flows from financing activities:
Deferred financing costs
477	415	415	412	280	147	940	1,001	2,000	4,404	3,718	3,665	2,687	136	382	688	862	865	511	255	444	485	1,139	1,304	932	1,081	0	0	0	-	-	-	-	331	0	0	0
Proceeds from long-term debt
9,020	1,500	1,500	1,500	2,000	35,318	61,818	100,318	119,818	174,000	163,492	125,083	108,708	26,123	0	0	0	-	-	-	-	-	-	-	-	10,671	38,293	40,293	39,543	39,172	14,582	15,582	18,555	20,610	0	0	0
Principal payments on long-term debt
1,194	5,281	5,314	10,132	16,888	20,265	51,239	49,795	53,765	122,400	108,097	110,379	114,239	50,270	54,278	58,552	56,799	51,868	35,644	32,293	27,962	22,207	25,106	25,548	27,448	34,033	64,896	65,029	48,178	61,204	27,339	28,996	42,202	24,426	0	0	0
Payments on revolving debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39,056	38,567	35,941	32,457	30,843	30,868	31,463	33,864	38,478	0	0	0	-	-	-	-	-	-	-	-
Proceeds from revolving debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41,152	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt early extinguishment penalties
-	-	-	-	-	-	-	-	-	454	938	1,267	2,093	1,752	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Distributions to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	16	27	38	49	0	0	0
Preferred stock offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Proceeds from common stock issuance
-	-	-	-	-	260	1,849	1,837	1,655	47,468	0	0	0	-	-	-	-	346	346	346	1,206	860	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Fractional common shares settled in reverse stock split
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A and B Preferred Stock redemption, including accumulated dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	20,167	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series D Preferred Stock issuance
-	-	-	-	-	-	-	-	-	-	-	-	-	28,881	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series E Preferred Stock issuance costs
-	-	-	-	-	-	-	-	-	1,210	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of common units
-	42	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax withholdings on stock compensation
306	356	196	196	109	205	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid to common shareholders
-	9,304	9,281	9,275	9,267	9,257	9,216	9,166	9,103	6,944	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid to common unit holders
-	36	52	60	67	72	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid to preferred shareholders
-	-	-	-	-	723	578	434	433	1,965	1,821	2,795	3,790	3,598	0	0	0	-	-	-	-	-	-	-	-	2,619	4,079	3,349	3,169	3,430	1,971	1,501	1,213	1,213	0	0	0
Other items
-	-	-	-	-	-	-	-	-	-59	-89	-88	-90	-37	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-405	-14,372	-14,520	-19,491	-25,373	4,611	1,115	41,312	55,634	83,877	88,697	48,998	30,237	-21,154	2,675	-4,151	2,205	-5,671	-32,351	-26,573	-29,908	-23,321	-18,992	-18,376	-16,781	-18,476	-25,065	-20,655	-20,798	-10,194	-2,740	-5,942	-2,264	-11,066	0	0	0
Increase in cash, cash equivalents, and restricted cash
713	-761	967	-2,458	621	-1,179	389	867	-9,571	-3,341	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,568	14,875	15,950	4,697	14,424	3,485	-80	128	165	200	63	-846	-322	-728	-9,654	612	347	617	9,672	-54	0	0	0
Supplemental cash flow information:
Interest paid
6,606	6,732	6,236	6,395	6,266	6,091	6,285	5,449	4,602	3,885	3,569	3,601	3,862	4,229	4,456	4,438	4,765	5,085	5,503	6,315	6,807	7,119	7,467	7,470	8,039	8,496	8,851	9,287	9,234	9,640	0	0	0	-	-	-	-
Income taxes paid, net of refunds
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
-	-	-	-	-	-	-	-	-	203	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Schedule of noncash investing and financing activities:
Debt assumed in acquisition
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Land option liability in acquisition
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of operating partnership common units issued in acquisitions
-	-	-	-	-	50	50	200	337	435	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
In kind dividends deemed on preferred stock
-	-	-	-	-	-	-	-	-	9,900	9,900	9,900	6,158	20,218	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of amounts capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Dividends declared
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-