Diamondrock hospitality co (DRH)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Aug'12May'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-34,692

134,583

11,574

29,074

8,980

24,006

31,443

28,009

4,338

24,772

21,623

36,595

8,887

23,906

29,937

44,175

16,778

25,702

24,464

24,823

10,641

63,615

43,809

51,916

4,037

29,556

8,564

15,071

-4,126

16,627

-44,778

8,944

2,615

4,935

-1,014

-555

-11,044

1,868

-3,535

841

-8,346

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

30,100

30,305

29,474

29,335

28,996

27,220

26,369

26,033

24,902

24,059

25,083

25,585

24,363

23,713

23,605

25,005

25,121

26,125

25,107

25,574

24,337

24,074

25,327

25,126

25,123

25,375

26,254

27,192

26,834

37,349

23,060

20,571

20,518

32,389

23,801

21,682

21,352

29,186

21,297

19,074

18,907

Corporate asset depreciation as corporate expenses

58

59

60

55

55

55

55

54

52

39

24

16

16

17

15

17

17

17

20

20

23

26

26

26

27

24

26

24

25

29

22

22

22

26

20

20

19

94

40

36

34

Loss on sale of hotel properties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-62

-476

0

10,017

0

0

0

0

-

-

-

-

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

144

0

0

0

0

-

-

-

-

Non-cash lease expense and other amortization

1,750

1,764

1,746

1,786

1,715

1,494

1,343

1,442

1,057

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest rate swap fair value adjustment

11,312

-2,245

3,143

1,075

572

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash ground rent

-

-

-

-

-

-

-

-

-

-

1,592

1,614

1,550

1,441

1,568

1,328

1,334

1,461

1,467

1,480

1,507

1,573

1,588

1,596

1,696

1,676

1,701

1,717

1,693

2,073

1,514

1,576

1,531

2,118

1,657

1,655

1,566

1,988

1,538

1,777

1,789

Amortization of debt issuance costs

453

453

472

478

482

478

468

455

461

461

461

486

542

542

545

627

588

638

453

615

647

479

675

702

708

721

733

646

703

1,009

848

1,195

486

381

304

371

393

566

347

230

227

Amortization of note receivable discount as interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

379

696

710

687

672

533

0

0

0

0

-

-

-

-

-

-

-

-

Impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9,675

786

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of favorable and unfavorable contracts, net

-

-

-

-

-

-

-

-

-

-

-478

-478

-478

-478

-478

-478

-478

-517

-407

-374

-353

-352

-353

-352

-353

-424

-354

-355

-354

-576

-432

-432

-432

-576

-432

-426

-426

-2,974

1,997

-1,191

397

Amortization of deferred income related to key money

99

99

99

99

99

99

99

99

2,271

2,720

1,998

333

709

708

709

717

717

154

305

267

267

272

273

273

272

1,351

267

267

265

341

232

216

210

239

11

273

130

174

130

130

130

Non-cash reversal of penalty interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,134

Share-based compensation

1,561

1,503

1,223

2,205

1,454

1,469

-309

1,955

2,458

1,432

1,429

2,018

1,322

1,306

652

1,990

1,373

1,320

1,403

1,815

1,185

1,211

1,418

1,640

1,047

992

984

1,381

1,860

1,299

968

1,322

940

1,157

1,038

1,365

936

1,173

879

1,129

786

Changes in assets and liabilities:
Prepaid expenses and other assets

207

1,051

-666

844

5,445

-3,168

-18,628

7,076

-13,937

25,773

-2,701

5,110

-1,849

-17,742

-5,248

6,780

-797

-1,301

-451

4,778

118

992

-2,662

4,386

-2,411

-1,241

-1,719

6,861

-2,286

3,738

-462

2,625

-902

-1,165

-1,481

3,518

-666

1,694

-3,850

2,745

-1,377

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,643

-5,035

1,371

732

-4,222

-2,372

-6,744

-4,594

3,847

2,071

7,085

1,870

-1,536

-2,597

1,239

15,298

-443

1,962

13

-1,832

2,431

2,869

-75

-57

1,346

3,463

-917

Due to/from hotel managers

-15,821

-13,037

-2,327

13,596

6,850

-15,750

4,168

11,380

5,888

-12,909

-8,889

11,944

8,314

-12,036

455

7,315

5,322

-12,547

465

6,878

5,098

-10,534

1,660

8,571

6,014

-8,274

-5,593

9,838

3,130

-4,674

-664

13,452

2,493

-10,437

-152

7,533

57

-8,921

227

6,862

4,676

Accounts payable and accrued expenses

-15,794

2,446

1,847

9,571

-7,998

-5,782

8,108

-4,882

-5,441

9,031

2,352

9,827

-4,204

-26,541

3,852

10,163

-8,443

-4,337

1,468

11,466

-5,634

2,707

4,299

4,784

-9,785

2,368

1,367

4,166

-5,541

11,813

-2,255

3,395

-11,962

5,772

365

765

-5,694

-904

6,451

3,686

-6,769

Net cash provided by operating activities

10,263

57,581

54,806

59,040

21,862

67,626

81,838

34,511

33,605

54,584

64,035

58,550

24,824

62,981

57,939

64,929

29,677

69,736

57,878

65,543

34,400

64,193

49,877

54,918

10,844

43,551

47,169

34,801

18,213

48,472

25,826

17,097

1,743

60,961

24,930

10,684

7,656

42,556

28,755

13,176

585

Cash flows from investing activities:
Acquisition of interest in the land underlying the Shorebreak Hotel

1,585

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hotel acquisitions

-

-

-

-

-

140,346

0

488

119,049

0

0

0

93,795

0

0

0

0

0

0

94,427

55,973

149,012

148,376

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of properties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,953

-511

0

92,631

0

0

0

0

-

-

-

-

Notes receivable repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

58,500

6,000

0

0

1,500

5,074

445

248

303

0

1,459

1,099

505

100

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

446

184

-3,713

2,952

-325

758

-6,170

-6,922

-1,125

-4,334

1,758

3,960

-23

605

12,737

-121

374

2,966

2,853

1,964

-12,598

-5,698

21,460

3,750

4,293

234

6,763

Purchase deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

413

1,485

0

-2,300

2,300

20,000

-

-

-

-

Proceeds from property insurance

10,663

133,529

0

0

0

1,724

23

9,500

21,219

10,042

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receipt of deferred key money

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

288

238

179

62

2,617

1,662

1,768

0

-

-

-

-

Net cash used in investing activities

-39,695

75,073

-51,515

-58,999

-30,289

-175,040

-16,377

-27,518

-123,653

-11,325

-17,910

-28,625

-124,081

-35,486

40,183

91,439

-23,697

-12,834

-13,617

-107,170

-70,017

7,087

-162,967

72,036

-21,725

44,656

-37,643

-27,420

-21,600

-12,622

-426,770

-11,277

81,564

-17,237

-15,079

-374,584

-49,242

-17,715

-118,636

-222,804

-11,367

Cash flows from financing activities:
Scheduled mortgage debt principal payments

3,457

3,821

3,511

3,474

3,389

3,665

3,166

3,339

3,442

3,323

3,224

2,949

2,921

2,814

2,706

2,762

2,916

3,247

3,074

3,422

3,579

4,288

3,698

3,756

3,512

4,088

3,685

9,456

-2,980

18,513

-2,070

-2,625

-2,746

-2,743

-2,580

-1,900

-1,737

-1,776

-1,187

-1,421

-1,513

Proceeds from sale of common stock, net

-

-

-

-

-

-36

-184

90,153

2,746

0

0

0

0

-

-

-

-

-6

30

-63

7,829

63,062

0

0

0

-

-

-

-

-

-

-

-

-42

0

-167

149,841

-127

-47

187,048

22,816

Proceeds from mortgage debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63,000

0

0

102,000

74,000

0

0

170,368

0

0

100,000

0

-

-

-

-

Repayments of mortgage debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

48,080

201,713

55,254

38,055

108,821

0

-

-

-

-

-

-

-

-

0

0

0

26,963

0

0

0

0

-

-

-

-

Deposit on mortgage loan financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,125

-

-

-

-

Draws on senior unsecured credit facility

400,000

25,000

20,000

45,000

60,000

0

0

20,000

65,000

0

0

0

0

0

0

15,000

60,000

60,000

0

135,000

0

-

-

-

-

0

0

0

25,000

25,000

135,000

0

40,000

0

15,000

115,000

0

-

-

-

-

Repayments of senior unsecured credit facility

75,000

25,000

50,000

0

0

0

0

20,000

65,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

10,000

35,000

125,000

15,000

0

140,000

30,000

0

0

0

-

-

-

-

Purchase of interest rate cap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

325

0

0

0

0

-

-

-

-

0

0

0

934

0

0

0

0

-

-

-

-

Deposit on new mortgage loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,700

1,775

-

-

1,820

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions on common stock and units

25,557

25,301

25,193

25,448

26,110

26,189

25,949

25,209

25,362

25,091

25,091

25,086

25,274

25,136

25,147

25,141

25,347

25,104

25,156

25,125

20,727

20,111

20,090

20,088

16,811

16,641

16,641

16,667

15,736

15,638

0

26,916

13,457

13,425

13,435

13,428

77

0

0

0

4,323

Payments for Repurchase of Common Stock

10,000

28

2,800

10,002

29,998

32,182

0

0

0

-529

0

0

529

5,685

827

0

685

0

0

0

2,735

520

0

0

1,898

0

0

332

1,620

21

0

0

2,946

0

754

0

3,095

0

0

1,938

2,023

Redemption of Operating Partnership units

201

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,684

227

674

281

-2

3,138

192

0

563

3

10

525

2,500

37

25

4,350

0

223

2,234

0

18

3,022

45

153

Shares redeemed to satisfy tax withholdings on vested share-based compensation

1,248

33

156

0

296

782

0

-31

180

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

284,537

-29,164

-16,454

6,046

207

-13,266

-29,299

61,636

-26,238

-28,422

-28,315

18

-28,724

-33,635

-28,705

-38,723

-170,661

94,705

-66,407

38,595

-21,593

-45,984

-21,741

15,464

-22,221

12,929

-20,329

-30,505

71,139

-47,831

317,724

-29,566

18,972

-46,210

-1,992

198,396

143,807

-1,921

-4,256

183,644

14,804

Net increase (decrease) in cash, cash equivalents, and restricted cash

255,105

103,490

-13,163

6,087

-8,220

-120,680

36,162

68,629

-116,286

14,837

17,810

29,943

-127,981

-6,140

69,417

117,645

-164,681

151,607

-22,146

-3,032

-57,210

25,296

-134,831

142,418

-33,102

101,136

-10,803

-23,124

67,752

-11,981

-83,220

-23,746

102,279

-2,486

7,859

-165,504

102,221

22,920

-94,137

-25,984

4,022

Supplemental Disclosure of Cash Flow Information:
Cash paid for interest

10,036

11,138

11,195

11,287

10,122

10,086

9,493

9,811

9,158

9,105

9,168

8,670

9,345

8,489

9,449

11,179

11,228

12,590

12,578

12,492

11,256

14,622

14,537

14,305

13,111

15,102

14,190

13,959

12,354

17,058

10,503

12,138

15,595

15,182

15,010

12,701

11,725

13,738

9,897

11,851

11,633

Cash (refunded) paid for income taxes, net

-306

-

-

-

20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

10

395

1,717

86

563

918

1,372

398

352

418

844

359

301

291

399

108

212

46

133

87

71

79

593

52

531

39

949

204

753

0

533

96

204

0

612

30

Capitalized interest

1,006

825

620

347

152

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

227

344

343

352

477

320

367

362

259

272

271

491

488

333

215

-

-

-

-

Non-cash cumulative effect of ASC 842 accounting standard adoption

0

0

0

0

15,286

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash Investing and Financing Activities:
Loan assumed in hotel acquisition

-

-

-

-

-

0

0

0

2,943

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Buyer assumption of mortgage debt on sale of hotel

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

180,000

0

0

0

0

-

-

-

-

Operating hotels
Capital expenditures

19,617

27,065

28,552

25,962

21,081

32,694

14,400

36,530

25,823

20,603

17,910

28,625

30,286

24,209

24,556

26,686

27,410

16,809

13,942

11,985

20,214

6,480

15,676

14,448

25,967

32,051

32,666

28,653

13,937

22,908

11,183

8,380

6,791

19,349

14,058

13,463

7,882

15,378

5,763

5,787

4,604

Frenchman's Reef
Capital expenditures

29,156

31,391

22,963

33,037

9,208

5,724

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-