Service properties trust (HPT)
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'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

-33,650

-14,893

40,074

8,782

225,787

-108,860

117,099

97,289

80,206

31,545

85,728

60,699

37,171

63,186

51,812

56,061

52,051

-19,494

61,185

83,146

41,581

56,523

49,197

53,915

37,550

32,752

27,567

45,353

27,506

26,631

44,658

37,686

42,948

38,218

47,531

51,643

53,048

-92,956

50,232

23,210

40,865

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

127,926

126,727

103,160

99,196

99,365

102,769

101,007

99,684

99,617

99,848

98,205

95,155

93,451

91,150

90,139

88,782

87,271

85,964

84,261

80,582

78,969

79,179

79,649

78,763

78,287

77,397

76,048

73,598

72,280

68,625

66,566

64,277

61,363

57,292

57,106

57,630

56,314

58,829

57,997

60,726

60,537

Amortization of Debt Issuance Costs and Discounts

3,288

3,288

2,689

2,570

2,570

2,570

2,570

2,559

2,478

2,330

2,195

2,194

2,152

2,037

2,121

2,128

1,865

1,475

1,458

1,458

1,458

1,457

1,362

1,353

1,319

1,584

1,584

1,524

1,512

1,531

1,694

1,376

1,578

1,682

1,614

1,508

1,501

1,494

1,489

1,735

2,405

Straight-line rental income

-3,543

-3,351

-3,046

-3,190

-1,132

3,150

3,136

3,144

3,079

3,170

3,087

3,113

3,008

3,193

2,932

3,693

3,752

3,761

3,751

1,511

545

452

1,584

-492

567

577

1,753

36

62

9

-51

-60

354

1,123

1,266

1,202

1,216

-

-

-

-

Security deposits replenished (utilized)

-62,309

-13,497

-873

7,189

-16,368

-947

2,701

11,710

-6,724

-496

5,817

20,120

11,302

814

11,255

13,438

10,252

403

11,034

5,482

3,582

-4,178

4,259

3,286

1,837

-

-

-

-5,917

46,847

-2,742

1,499

-16,250

-8,630

-3,139

-7,971

-16,704

-8,759

-5,323

-4,910

-9,516

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-298

0

70

-

-

-

-

0

129

0

726

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FF&E reserve income and deposits

-

-

-

-

-

-

-

-

-

-

-

-

17,618

-

20,399

19,745

17,746

16,127

18,176

17,936

15,728

12,803

14,610

14,296

12,556

6,067

8,147

7,466

6,845

5,041

5,846

2,920

7,865

7,893

8,616

16,209

14,767

14,493

14,803

16,597

13,051

Unrealized gains on equity securities

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on asset impairment

16,740

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,658

0

0

889

-

-

-

-

-

-

-

-

Equity Securities, FV-NI, Unrealized Gain (Loss)

-5,045

3,300

-3,950

-60,788

20,977

-106,085

43,453

20,940

24,955

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-718

-224

83

130

404

-366

830

7

44

74

31

374

128

30

13

17

77

-50

-24

23

72

28

38

125

-97

115

64

79

76

80

115

76

45

28

28

46

37

16

35

-24

-28

Gain (Loss) on Sale of Properties

-6,911

0

0

0

159,535

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

-26

-6,856

-212

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash (income) expense, net

1,659

723

-316

-123

330

487

526

301

1,399

710

713

831

979

952

505

651

1,142

1,014

1,099

8,354

-10,103

6,443

-6,579

-1,632

-252

498

-2,299

664

1,100

1,616

908

-899

-170

1,474

-1,459

697

628

644

142

2,318

-517

Changes in assets and liabilities:
Due from related persons

-196

337

-220

-494

-2,895

-13

342

-473

716

223

502

-186

676

-696

1,134

-111

886

477

218

304

1,107

-313

580

-185

527

3,082

-9,717

8,933

-260

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-16,725

5,033

-14,806

12,516

8,642

-14,827

3,938

631

4,058

-1,593

1,049

4,125

9,536

-9,014

-3,508

5,618

6,174

-7,725

-2,060

6,585

2,954

-1,714

-1,938

3,889

332

2,195

-2,228

-1,000

12,063

16,680

-3,850

1,688

7,841

-1,047

-4,024

5,672

1,898

-474

-239

-264

2,088

Accounts payable and other liabilities

8,686

47,741

13,131

27,845

-28,233

27,083

-31,455

26,981

-16,785

21,407

-28,544

27,268

-20,703

29,575

-30,746

36,742

-26,819

20,200

-22,376

21,439

-18,901

18,930

-16,692

15,828

-25,183

28,005

-23,550

21,121

-23,734

31,163

-21,163

18,819

-13,010

27,314

-25,217

23,983

-19,179

19,306

-26,269

22,238

-19,699

Due to related persons

4,856

52

3,745

-1,498

-53,395

54,327

330

-141

-74,856

34,258

2,556

18,398

-33,573

-2,878

25,319

25,566

-56,522

44,339

8,447

9,621

-329

836

-157

1,018

-1,833

198

219

-2,949

-3,346

-1,615

9,010

-118

-545

-8,556

8,378

159

59

-8,408

8,434

-31

58

Net cash provided by operating activities

97,016

185,192

192,632

196,033

43,865

193,549

140,027

213,692

49,685

186,218

151,227

233,195

57,855

247,318

128,583

193,104

38,391

155,987

122,849

156,000

96,057

135,191

109,452

138,032

79,070

125,871

93,314

123,701

48,203

99,246

84,229

119,395

61,038

106,374

81,846

110,389

56,493

102,124

71,819

108,479

59,022

Cash flows from investing activities:
Real estate acquisitions and deposits

7,113

54,005

2,484,040

27,135

148,011

32,495

3,987

91,221

0

-234

237,248

203,930

153,749

56,210

9,889

53,173

143,683

68,956

628,557

-202,131

-45,500

120,000

0

-65,000

5,000

-1,247

-46,198

-165,409

-3,000

-

-

-

-

-

-

-

-

-

3,550

1,697

1,796

Payments for Capital Improvements

31,343

79,507

33,835

25,451

11,738

71,614

44,179

40,586

26,483

41,165

27,751

29,473

32,731

65,413

35,310

54,213

32,716

8,076

52,453

85,165

35,009

383,648

-62,946

-54,474

-41,607

498,183

-84,453

-64,348

-49,364

-80,351

-84,259

-60,625

-50,205

-

-

-

-

-

-

-

-

Hotel managers’ purchases with restricted cash

48,969

64,549

55,542

41,789

46,361

45,776

29,578

26,597

33,226

28,159

24,697

61,212

-21,335

20,992

22,295

14,790

11,303

11,486

76,643

-15,640

-15,038

98,840

-15,525

-13,229

-14,524

-12,794

-23,719

-25,566

-23,816

-18,079

-36,923

-36,271

-28,187

-51,641

-30,058

-23,872

-38,865

-

-

-

-

Hotel manager’s deposit of insurance proceeds into restricted cash

15,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hotel managers deposits in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

15,602

-

20,373

19,603

15,542

17,607

18,683

17,661

13,430

14,434

14,720

13,863

9,745

7,639

8,366

7,827

5,891

5,912

1,177

9,142

7,133

8,337

15,229

14,959

12,309

15,322

17,301

16,487

11,521

Investment in Sonesta

5,199

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-150,500

-

-

-

-

-

-

-

-

FF&E reserve escrow fundings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,109

715

441

794

1,794

536

4,175

1,211

2,188

1,742

769

5,696

10,886

14,609

15,111

13,992

27,198

14,952

25,502

51,752

4,890

681

5,854

42,812

38,007

9,341

7,656

Net proceeds from sale of real estate

8,010

508,250

0

0

308,200

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Eminent domain proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in Affiliates Insurance Company

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

33

23

20

Net cash (used in) provided by investing activities

-69,614

327,441

-2,458,016

-101,559

102,090

-149,885

-77,744

-140,404

-59,709

-69,090

-266,258

-273,280

-186,480

-188,738

-46,308

-108,101

-176,840

-78,585

-187,542

-303,028

-84,684

-66,805

-65,134

-117,753

-31,198

-116,936

-141,537

-244,366

-67,475

-349,883

-77,253

-75,577

-226,207

-75,483

29,264

-42,234

-5,854

-60,080

-41,590

-11,061

-9,472

Cash flows from financing activities:
Proceeds from Issuance of Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

261,736

1

1

393,473

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of preferred shares, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1

280,108

-

-

-

-

-

-

-

-

Proceeds from unsecured term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

400,000

-

-

-

-

-

-

-

-

Proceeds from issuance of senior unsecured notes, after discounts and premiums

-

-

-

-

-

0

0

0

389,976

391,644

0

0

598,246

0

0

0

737,612

-

-

-

-

0

343,455

0

346,616

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of senior unsecured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

0

300,000

0

275,000

-

-

-

-

0

280,000

0

300,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred shares

-

-

-

-

-

-

-

-

-

0

0

0

-290,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

150,000

0

86,250

-

-

-

-

-

-

-

-

Repayments of Convertible Debt

-

-

-

-

-

-

-

-

-

0

0

47

8,431

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

70,576

-

-

-

-

-

-

-

-

Repayment of mortgage note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,383

-

-

-

-

Borrowings under unsecured revolving credit facility

230,000

127,000

876,000

27,000

94,000

122,000

94,000

146,000

155,000

471,000

272,000

229,000

130,000

121,000

233,000

135,000

275,000

91,000

230,000

275,000

106,000

38,000

325,000

50,000

370,000

0

173,000

150,000

95,000

320,000

0

0

378,000

76,000

90,000

50,000

60,000

-

-

-

-

Repayments of unsecured revolving credit facility

150,000

540,000

176,000

78,000

130,000

88,000

73,000

110,000

467,000

531,000

92,000

81,000

191,000

80,000

315,000

133,000

510,000

80,000

95,000

45,000

35,000

35,000

350,000

10,000

370,000

193,000

70,000

70,000

405,000

0

0

0

527,000

42,000

128,000

68,000

33,000

-

-

-

-

Deferred financing costs

-

-

-

-

-

0

0

8,720

3,522

3,419

0

72

4,946

0

0

17

6,089

1,152

0

0

5

18

650

50

6,181

-

-

-

-

231

3,856

106

2,432

-

-

-

-

-

-

-

-

Repurchase of common shares

43

6

794

0

0

0

505

0

101

0

519

14

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to preferred shareholders

-

-

-

-

-

-

-

-

-

0

0

0

6,601

5,166

5,166

5,166

5,166

5,167

5,165

5,166

5,166

5,166

5,166

5,166

5,166

5,165

5,200

8,097

8,097

8,097

10,138

10,722

11,188

7,470

7,470

7,470

7,470

7,470

7,470

7,470

7,470

Distributions to common shareholders

88,863

88,864

88,803

88,798

87,154

87,154

87,113

87,105

85,460

85,461

85,427

85,419

83,777

83,777

77,295

77,289

75,774

75,777

75,743

74,981

73,466

73,450

73,395

73,373

71,811

67,119

65,681

65,677

58,110

58,110

55,604

55,600

55,585

55,585

55,554

55,550

55,550

55,549

55,526

55,526

55,521

Net cash used in financing activities

-8,906

-501,883

2,282,413

-139,798

-123,154

-53,154

-66,618

-59,825

-11,107

-107,236

94,054

62,448

143,491

-47,973

-93,088

-80,472

140,583

-71,095

53,673

149,853

-7,637

-75,634

-40,756

-38,589

-36,542

-3,553

-135,396

303,359

17,266

253,562

-14,623

-167,258

305,077

-29,075

-107,876

-81,020

-39,403

-42,024

-29,121

-210,622

-62,991

Increase in cash and cash equivalents and restricted cash

18,496

10,750

17,029

-45,324

22,801

-9,490

-4,335

13,463

-21,131

9,892

-20,977

28,096

9,133

10,607

-10,813

4,531

2,134

6,307

-11,020

2,825

3,736

-7,248

3,562

-18,310

11,330

5,382

-183,619

182,694

-2,006

2,925

-7,647

-123,440

139,908

1,816

3,234

-12,865

11,236

-

-

-

-

Increase (decrease) in cash and cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

14,866

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-113,204

-13,441

Supplemental cash flow information:
Cash paid for interest

78,994

19,737

77,122

16,551

77,745

16,102

81,547

15,347

61,162

23,297

73,995

14,370

60,896

9,392

71,118

9,611

56,278

19,007

51,689

17,421

50,775

17,298

50,366

17,249

54,116

18,571

54,346

11,343

55,064

11,096

52,723

12,492

54,938

9,173

54,271

9,268

54,419

9,310

56,610

9,845

60,164

Cash paid for income taxes

220

313

325

1,969

320

414

215

2,396

193

239

362

2,068

158

263

476

1,761

227

155

152

1,575

562

169

193

2,017

1,737

118

1

1,812

132

0

3

1,392

140

0

0

1,250

104

-184

141

1,568

28

Non-cash investing activities:
Investment in Sonesta

42,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash financing activities:
Issuance of common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,399

256

878

-

-

-

-

-

-

-

-