DIAMONDROCK HOSPITALITY CO DRH Cash Flow

Diamondrock hospitality co (DRH)

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	Aug'12	May'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
140,539	184,211	73,634	93,503	92,438	87,796	88,562	78,742	87,328	91,877	91,011	99,325	106,905	114,796	116,592	111,119	91,767	85,630	123,543	142,888	169,981	163,377	129,318	94,073	57,228	49,065	36,136	-17,206	-23,333	-16,592	-28,284	15,480	5,981	-7,678	-10,745	-13,266	-11,870	-9,172	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization
119,214	118,110	115,025	111,920	108,618	104,524	101,363	100,077	99,629	99,090	98,744	97,266	96,686	97,444	99,856	101,358	101,927	101,143	99,092	99,312	98,864	99,650	100,951	101,878	103,944	105,655	117,629	114,435	107,814	101,498	96,538	97,279	98,390	99,224	96,021	93,517	90,909	88,464	0	0	0
Corporate asset depreciation as corporate expenses
232	229	225	220	219	216	200	169	131	95	73	64	65	66	66	71	74	80	89	95	101	105	103	103	101	99	97	100	98	95	92	90	88	85	153	173	189	204	0	0	0
Loss on sale of hotel properties, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,479	9,541	10,017	10,017	0	0	0	0	-	-	-	-
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	144	144	144	144	0	0	0	0	-	-	-	-
Non-cash lease expense and other amortization
7,046	7,011	6,741	6,338	5,994	5,336	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest rate swap fair value adjustment
13,285	2,545	4,790	1,647	572	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash ground rent
-	-	-	-	-	-	-	-	-	-	6,197	6,173	5,887	5,671	5,691	5,590	5,742	5,915	6,027	6,148	6,264	6,453	6,556	6,669	6,790	6,787	6,642	6,997	6,856	6,694	6,739	6,882	6,961	6,996	6,866	6,747	6,869	7,092	0	0	0
Amortization of debt issuance costs
1,856	1,885	1,910	1,906	1,883	1,862	1,845	1,838	1,869	1,950	2,031	2,115	2,256	2,302	2,398	2,306	2,294	2,353	2,194	2,416	2,503	2,564	2,806	2,864	2,808	2,803	3,091	3,206	3,755	3,538	2,910	2,366	1,542	1,449	1,634	1,677	1,536	1,370	0	0	0
Amortization of note receivable discount as interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,075	1,785	2,472	2,765	2,602	1,892	1,205	533	0	0	0	0	-	-	-	-	-	-	-	-
Impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,461	10,461	10,461	786	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of favorable and unfavorable contracts, net
-	-	-	-	-	-	-	-	-	-	-1,912	-1,912	-1,912	-1,912	-1,951	-1,880	-1,776	-1,651	-1,486	-1,432	-1,410	-1,410	-1,482	-1,483	-1,486	-1,487	-1,639	-1,717	-1,794	-1,872	-1,872	-1,872	-1,866	-1,860	-4,258	-1,829	-2,594	-1,771	0	0	0
Amortization of deferred income related to key money
396	396	396	396	396	2,568	5,189	7,088	7,322	5,760	3,748	2,459	2,843	2,851	2,297	1,893	1,443	993	1,111	1,079	1,085	1,090	2,169	2,163	2,157	2,150	1,140	1,105	1,054	999	897	676	733	653	588	707	564	564	0	0	0
Non-cash reversal of penalty interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,134	0	0	0
Share-based compensation
6,492	6,385	6,351	4,819	4,569	5,573	5,536	7,274	7,337	6,201	6,075	5,298	5,270	5,321	5,335	6,086	5,911	5,723	5,614	5,629	5,454	5,316	5,097	4,663	4,404	5,217	5,165	5,508	5,449	4,529	4,387	4,457	4,500	4,496	4,512	4,353	4,117	3,967	0	0	0
Changes in assets and liabilities:
Prepaid expenses and other assets
1,436	6,674	2,455	-15,507	-9,275	-28,657	284	16,211	14,245	26,333	-17,182	-19,729	-18,059	-17,007	-566	4,231	2,229	3,144	5,437	3,226	2,834	305	-1,928	-985	1,490	1,615	1,954	7,851	3,615	4,999	96	-923	-30	206	3,065	696	-77	-788	0	0	0
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	711	-7,154	-4,491	-12,606	-17,932	-9,863	-5,420	8,409	14,873	9,490	4,822	-1,024	-2,881	13,497	18,056	16,830	-300	2,574	3,481	3,393	5,168	4,083	4,677	3,835	0	0	0
Due to/from hotel managers
-17,589	5,082	2,369	8,864	6,648	5,686	8,527	-4,530	-3,966	-1,540	-667	8,677	4,048	1,056	545	555	118	-106	1,907	3,102	4,795	5,711	7,971	718	1,985	-899	2,701	7,630	11,244	10,607	4,844	5,356	-563	-2,999	-1,483	-1,104	-1,775	2,844	0	0	0
Accounts payable and accrued expenses
-1,930	5,866	-2,362	3,899	-10,554	-7,997	6,816	1,060	15,769	17,006	-18,566	-17,066	-16,730	-20,969	1,235	-1,149	154	2,963	10,007	12,838	6,156	2,005	1,666	-1,266	-1,884	2,360	-11,970	8,183	7,412	991	-5,050	-2,430	-5,060	1,208	-5,468	618	3,539	2,464	0	0	0
Net cash provided by operating activities
181,690	193,289	203,334	230,366	205,837	217,580	204,538	186,735	210,774	201,993	210,390	204,294	210,673	215,526	222,281	222,220	222,834	227,557	222,014	214,013	203,388	179,832	159,190	156,482	136,365	143,734	101,926	127,312	109,608	93,138	105,627	104,731	98,318	104,231	85,826	89,651	92,143	85,072	0	0	0
Cash flows from investing activities:
Acquisition of interest in the land underlying the Shorebreak Hotel
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hotel acquisitions
-	-	-	-	-	259,883	119,537	119,537	119,049	93,795	93,795	93,795	93,795	0	0	0	94,427	150,400	299,412	447,788	353,361	297,388	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of properties, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	131,073	92,120	92,631	92,631	0	0	0	0	-	-	-	-
Notes receivable repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64,500	64,500	64,500	7,500	6,574	6,574	7,267	6,070	996	2,010	2,861	3,063	3,163	0	0	0	-	-	-	-
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-131	-902	-328	-2,785	-12,659	-13,459	-18,551	-10,623	259	1,361	6,300	17,279	16,172	13,595	15,956	6,072	8,157	-4,815	-13,479	5,128	6,914	23,805	29,737	15,040	0	0	0
Purchase deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,898	1,898	-402	1,485	20,000	0	0	0	-	-	-	-
Proceeds from property insurance
144,192	133,529	1,724	1,747	11,247	32,466	40,784	40,761	31,261	10,042	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receipt of deferred key money
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	767	3,096	4,520	6,109	6,047	0	0	0	-	-	-	-
Net cash used in investing activities
-75,136	-65,730	-315,843	-280,705	-249,224	-342,588	-178,873	-180,406	-181,513	-181,941	-206,102	-148,009	-27,945	72,439	95,091	41,291	-157,318	-203,638	-183,717	-333,067	-153,861	-105,569	-68,000	57,324	-42,132	-42,007	-5,099	-488,412	-472,269	-369,105	-373,720	37,971	-325,336	-456,142	-456,620	-560,177	-408,397	-370,522	0	0	0
Cash flows from financing activities:
Scheduled mortgage debt principal payments
14,263	14,195	14,039	13,694	13,559	13,612	13,270	13,328	12,938	12,417	11,908	11,390	11,203	11,198	11,631	11,999	12,659	13,322	14,363	14,987	15,321	15,254	15,054	15,041	20,741	14,249	28,674	22,919	10,838	11,072	-10,184	-10,694	-9,969	-8,960	-7,993	-6,600	-6,121	-5,897	0	0	0
Proceeds from sale of common stock, net
-	-	-	-	-	92,679	92,715	92,899	2,746	0	0	0	0	-	-	-	-	7,790	70,858	70,828	70,891	63,062	0	0	0	-	-	-	-	-	-	-	-	149,632	149,547	149,500	336,715	209,690	0	0	0
Proceeds from mortgage debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	165,000	176,000	176,000	176,000	244,368	170,368	170,368	270,368	100,000	0	0	0	-	-	-	-
Repayments of mortgage debt
-	-	-	-	-	-	-	-	-	-	-	-	-	249,793	305,047	343,102	403,843	202,130	0	0	0	-	-	-	-	-	-	-	-	26,963	26,963	26,963	26,963	0	0	0	0	-	-	-	-
Deposit on mortgage loan financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Draws on senior unsecured credit facility
490,000	150,000	125,000	105,000	80,000	85,000	85,000	85,000	65,000	0	0	0	15,000	75,000	135,000	135,000	255,000	195,000	0	0	0	-	-	-	-	25,000	65,000	185,000	185,000	200,000	175,000	55,000	170,000	130,000	0	0	0	-	-	-	-
Repayments of senior unsecured credit facility
150,000	75,000	50,000	0	20,000	85,000	85,000	85,000	65,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	45,000	185,000	185,000	175,000	280,000	185,000	170,000	170,000	30,000	0	0	0	-	-	-	-
Purchase of interest rate cap
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	325	325	325	325	0	0	0	0	-	-	-	-	934	934	934	934	0	0	0	0	-	-	-	-
Deposit on new mortgage loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions on common stock and units
101,499	102,052	102,940	103,696	103,457	102,709	101,611	100,753	100,630	100,542	100,587	100,643	100,698	100,771	100,739	100,748	100,732	96,112	91,119	86,053	81,016	77,100	73,630	70,181	66,760	65,685	62,501	48,041	58,290	56,011	53,798	67,233	53,745	40,365	26,940	13,505	77	4,323	0	0	0
Payments for Repurchase of Common Stock
22,830	42,828	74,982	72,182	62,180	32,182	-529	-529	-529	0	6,214	7,041	7,041	7,197	1,512	685	685	2,735	3,255	3,255	3,255	2,418	1,898	1,898	2,230	1,952	4,898	1,973	1,641	2,967	2,946	3,700	3,700	3,849	3,849	3,095	5,033	3,961	0	0	0
Redemption of Operating Partnership units
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,866	1,180	4,091	3,609	3,328	3,893	758	576	1,101	4,888	3,072	3,087	6,912	4,412	4,598	6,807	2,457	2,475	5,274	3,085	3,238	0	0	0
Shares redeemed to satisfy tax withholdings on vested share-based compensation
1,437	485	1,234	1,078	1,047	931	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
244,965	-39,365	-23,467	-36,312	19,278	-7,167	-22,323	-21,339	-82,957	-85,443	-90,656	-91,046	-129,787	-271,724	-143,384	-181,086	-103,768	45,300	-95,389	-50,723	-73,854	-74,482	-15,569	-14,157	-60,126	33,234	39,277	310,527	311,466	259,299	260,920	-58,796	169,166	294,001	338,290	336,026	321,274	192,271	0	0	0
Net increase (decrease) in cash, cash equivalents, and restricted cash
351,519	88,194	-135,976	-86,651	-24,109	-132,175	3,342	-15,010	-53,696	-65,391	-86,368	-34,761	52,941	16,241	173,988	82,425	-38,252	69,219	-57,092	-169,777	-24,327	-219	75,621	199,649	34,107	134,961	21,844	-50,573	-51,195	-16,668	-7,173	83,906	-57,852	-57,910	-32,504	-134,500	5,020	-93,179	0	0	0
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest
43,656	43,742	42,690	40,988	39,512	38,548	37,567	37,242	36,101	36,288	35,672	35,953	38,462	40,345	44,446	47,575	48,888	48,916	50,948	52,907	54,720	56,575	57,055	56,708	56,362	55,605	57,561	53,874	52,053	55,294	53,418	57,925	58,488	54,618	53,174	48,061	47,211	47,119	0	0	0
Cash (refunded) paid for income taxes, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for income taxes
-	-	-	-	-	2,208	2,761	3,284	2,939	3,251	3,040	2,540	2,012	1,973	1,922	1,795	1,350	1,099	1,010	765	499	478	337	370	830	795	928	1,215	1,571	1,723	1,945	1,906	1,490	1,382	833	833	912	846	0	0	0
Capitalized interest
2,798	1,944	1,119	499	152	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	914	1,266	1,516	1,492	1,516	1,526	1,308	1,260	1,164	1,293	1,522	1,583	1,527	0	0	0	-	-	-	-
Non-cash cumulative effect of ASC 842 accounting standard adoption
0	15,286	15,286	15,286	15,286	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash Investing and Financing Activities:
Loan assumed in hotel acquisition
-	-	-	-	-	2,943	2,943	2,943	2,943	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Buyer assumption of mortgage debt on sale of hotel
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	180,000	180,000	180,000	180,000	0	0	0	0	-	-	-	-
Operating hotels
Capital expenditures
101,196	102,660	108,289	94,137	104,705	109,447	97,356	100,866	92,961	97,424	101,030	107,676	105,737	102,861	95,461	84,847	70,146	62,950	52,621	54,355	56,818	62,571	88,142	105,132	119,337	107,307	98,164	76,681	56,408	49,262	45,703	48,578	53,661	54,752	50,781	42,486	34,810	31,532	0	0	0
Frenchman's Reef
Capital expenditures
116,547	96,599	70,932	47,969	14,932	5,724	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-