| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
-212,000 | -262,000 | 152,000 | -1,000 | |||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation, Depletion and Amortization | ||||||
181,000 | 160,000 | 148,000 | 147,000 | |||
Depreciation and amortization | ||||||
22,000 | 12,000 | 7,000 | 0 | |||
Amortization of deferred costs and other assets | ||||||
- | - | - | 6,000 | |||
Gains Losses On Extinguishment Of Debt Including Discontinued Operations | ||||||
0 | -17,000 | 0 | 0 | |||
Asset Impairment Charges | ||||||
141,000 | 154,000 | 1,000 | 104,000 | |||
Gain Loss Related To Real Estate Casualties | ||||||
2,000 | 4,000 | -2,000 | -3,000 | |||
Gain on sales of real estate | ||||||
32,000 | 0 | 0 | 5,000 | |||
Equity-based compensation expense | ||||||
11,000 | 11,000 | 16,000 | 14,000 | |||
Deferred tax (benefit) expense | ||||||
1,000 | -6,000 | 112,000 | 12,000 | |||
Provision for doubtful accounts | ||||||
0 | 2,000 | 2,000 | 1,000 | |||
Changes in assets and liabilities: | ||||||
Accounts receivable | ||||||
9,000 | -9,000 | -2,000 | 9,000 | |||
Other assets | ||||||
-9,000 | 11,000 | 31,000 | -3,000 | |||
Accounts payable and accrued expenses | ||||||
2,000 | 14,000 | -7,000 | 12,000 | |||
Other liabilities | ||||||
6,000 | 3,000 | 2,000 | 1,000 | |||
Net cash provided by operating activities | ||||||
116,000 | 111,000 | 182,000 | 264,000 | |||
Cash flows from investing activities: | ||||||
Capital expenditures, primarily investments in existing real estate | ||||||
74,000 | 167,000 | 218,000 | 144,000 | |||
Lender and other escrows | ||||||
-5,000 | 20,000 | 0 | 0 | |||
Insurance proceeds related to real estate casualties | ||||||
11,000 | 25,000 | 6,000 | 5,000 | |||
Proceeds from sale of real estate | ||||||
161,000 | 6,000 | 33,000 | 71,000 | |||
Payment of franchise incentives | ||||||
0 | 0 | 2,000 | 2,000 | |||
Net cash provided by (used in) investing activities | ||||||
103,000 | -156,000 | -181,000 | -70,000 | |||
Cash flows from financing activities: | ||||||
Proceeds from debt | ||||||
0 | 1,060,000 | 0 | 0 | |||
Repayment of debt | ||||||
114,000 | 1,030,000 | 18,000 | 18,000 | |||
Debt issuance costs | ||||||
0 | 30,000 | 0 | 0 | |||
Proceeds from Issuance of Redeemable Preferred Stock | ||||||
0 | 15,000 | 0 | 0 | |||
Payment of property insurance financing | ||||||
11,000 | 0 | 0 | - | |||
Dividends on common stock | ||||||
46,000 | 16,000 | 0 | 0 | |||
Distributions to noncontrolling interests | ||||||
1,000 | 0 | 0 | - | |||
Proceeds on termination of cash flow hedge | ||||||
0 | 3,000 | 0 | 0 | |||
Payment for interest rate cap | ||||||
0 | 1,000 | 0 | 0 | |||
Purchase of common stock | ||||||
31,000 | 6,000 | 3,000 | 102,000 | |||
Reorganization and separation from La Quinta Holdings Inc. | ||||||
0 | 23,000 | 0 | 0 | |||
Collection of Spin-Off final settlement | ||||||
-17,000 | 0 | 0 | - | |||
Net cash provided by (used in) financing activities | ||||||
-186,000 | -28,000 | -21,000 | -120,000 | |||
Increase (decrease) in cash and cash equivalents | ||||||
33,000 | -73,000 | -20,000 | 74,000 | |||