Hersha hospitality trust (HT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating Activities:
Net Loss

-5,847

8,365

104,940

121,457

42,207

68,271

49,948

22,218

-26,968

-17,202

-58,458

Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:
Gain on Disposition of Hotel Properties, Net

0

4,148

90,350

115,839

-

7,067

32,121

11,231

991

347

1,869

Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net

0

0

16,240

0

-

-

-

-

-

-

-

Property Impairment

0

0

4,082

0

0

-

-

-

-

-

-

Gain on Hotel Acquisitions, Net

-

-

-

-

-

12,667

12,096

-

-

-

-

Contingent Consideration

-

-

-

-

-

2,000

-

-

-

-

-

Development Loan Recovery

-

-

-

-

-

22,494

-

-

-

-

-

Gains from Insurance Recoveries

-12

12,649

-4,268

0

-

1,800

10,314

-

30,165

2,410

39,111

Lease Buyout

0

0

294

-11,845

-

-

-

-

-

-

-

Deferred Taxes

-312

-144

5,262

-4,888

-3,141

-2,685

-5,500

-3,355

-

-

-

Expense for income taxes

-

-

-

-

-

-

-

-

-

0

-

Depreciation

95,982

88,897

82,004

74,644

74,007

68,753

61,801

56,071

55,704

51,823

44,002

Amortization

2,137

2,816

3,550

2,022

1,492

1,979

2,545

3,680

3,739

2,975

2,285

Loss on Debt Extinguishment

-280

-22

-590

-1,187

-324

-673

-471

-2,261

-145

-725

0

Equity in Loss (Income) of Unconsolidated Joint Ventures

691

1,084

-2,473

-1,823

965

693

-1,835

-2,124

1,290

2,257

-7,190

Development Loan Interest Added to Principal

-

-

-

-

-

-

-

-678

-2,094

-2,559

-3,253

Distributions from Unconsolidated Joint Ventures

728

1,426

700

1,574

1,446

1,262

568

1,387

132

0

400

Loss Recognized on Change in Fair Value of Derivative Instrument

-1,007

-215

-60

-50

-107

-71

-22

-658

-125

-12

172

Share Based Compensation Expense

10,803

11,436

9,286

8,048

6,523

6,028

9,746

9,678

7,590

6,649

2,143

Proceeds Received for Business Interruption Insurance Claims, net

0

8,440

0

0

-

-

-

-

-

-

-

Change in Assets and Liabilities:
(Increase) Decrease in:
Hotel Accounts Receivable

-1,028

-1,760

135

-1,024

-993

350

-2,419

235

1,358

1,694

312

Escrows

-

-

-

-

14

-1,272

-476

1,944

4,378

294

3,770

Other Assets

1,476

2,556

-1,072

-1,286

6,973

-2,182

4,269

2,683

914

273

3,727

Due from Related Parties

2,819

-1,307

-13,010

12,089

-337

-4,544

2,636

5,500

1,120

2,514

-2,159

(Decrease) Increase in:
Due to Related Parties

-

-

0

-8,789

1,586

2,388

412

1,541

1,993

-131

-634

Accounts Payable, Accrued Expenses and Other Liabilities

2,280

10,719

-17,155

-1,788

3,888

-2,373

6,326

-2,236

-1,812

5,163

-3,563

Net Cash Provided by Operating Activities

103,112

114,822

107,123

81,567

121,817

112,894

90,261

71,756

58,668

42,486

21,532

Investing Activities:
Purchase of Hotel Property Assets

0

41,230

-

-

-

-

-

-

-

-

-

Purchase of Hotel Property Assets

-

-

249,369

320,739

110,176

175,236

217,142

67,637

167,149

260,755

9,315

Deposits on Hotel Acquisitions

0

0

1,000

0

5,000

-

1,836

18,750

18,000

5,500

0

Capital Expenditures

48,936

65,629

51,916

33,267

27,366

38,342

42,854

28,443

26,201

10,328

6,138

Cash Paid for Hotel Development Projects

152

38,754

7,637

952

950

3,764

20,054

10,171

32,120

21,771

0

Proceeds from Disposition of Hotel Properties

0

64,880

196,635

67,430

-

30,056

136,015

63,722

2,361

2,863

8,524

Contributions to Unconsolidated Joint Ventures

6,100

1,000

0

0

-

-

-

150

-

0

0

Repayment of Notes Receivable

-

-

-

-

-

-

-

-1,720

1,570

14,191

753

Proceeds from Insurance Claims

0

15,806

0

0

-

1,881

5,001

-

-

-

-

Net Changes in Capital Expenditure Escrows

-

-

-

-

779

-4,577

1,287

4,454

1,299

885

0

Proceeds from the Sale of Joint Venture Interests

0

0

11,624

0

-

-

-

-

-

-

-

Proceeds from Contribution of Hotel Property Assets to Unconsolidated Joint Venture

-

-

0

429,221

-

-

-

-

-

-

-

Repayment of Notes Receivable

-

-

-

-

-

-

-

-

-

-

2,000

Repayment of Development Loans Receivable

-

-

-

-

-

-

15,122

8,000

-

0

500

Repayment of Notes Receivable

0

0

2,000

0

-

-

-

-

-

0

0

Distributions from Unconsolidated Joint Ventures

1,622

47,962

0

3,011

362

324

1,711

476

-

0

261

Cash paid for franchise fee intangible

-

-

-

-

-

-

-

-

65

0

0

Advances and Capital Contributions to Unconsolidated Joint Ventures

-

-

-

-

-

-

-150

-130

13,285

-

-

Net Cash Used in Investing Activities

-53,566

-17,965

-99,663

144,704

-143,909

-180,504

-125,474

-55,817

-230,758

-310,567

-8,921

Financing Activities:
Borrowings Under Line of Credit, Net

-38,000

6,100

-16,100

27,000

-27,000

-

-

51,000

-5,000

33,200

9,221

Proceeds of Unsecured Term Loan Borrowing

0

0

58,380

156,100

300,000

100,000

50,000

100,000

-

0

-

Repayment of Borrowings Under Unsecured Term Loan Borrowing

0

18,000

6,100

39,480

-

-

-

-

-

-

-

Principal Repayment of Mortgages and Notes Payable

57,418

1,611

122,782

210,379

184,356

61,348

54,398

187,478

8,193

61,810

39,232

Proceeds from Mortgages and Notes Payable

56,469

28,000

0

0

87,750

101,000

65,000

98,695

71,278

31,505

42,155

Cash Paid for Deferred Financing Costs

3,198

409

3,352

2,467

2,362

4,450

2,283

96

868

4,016

362

Cash Paid for Debt Extinguishment

210

0

374

1,024

-

-

-

-

-

-

-

Proceeds from Issuance of Preferred Shares, Net

0

0

43

282,686

-

-

72,370

-

110,977

0

0

Proceeds from Issuance of Common Shares, Net

-

-

-

-

-

-

-

128,558

-

420,441

21,342

Redemption of Series B Preferred Shares

-

-

0

115,000

-

-

60,000

-

-

-

-

Repurchase of Common Shares

14,195

10,833

35,178

52,055

128,239

15,418

-

-

-

-

-

Redemption of Common Partnership Units

-

-

-

-

-

338

1,000

-

-

-

-

Settlement of Interest Rate Cap

-

-

-

-

450

8

565

-

-

394

0

Exercise of Option to Acquire Noncontrolling Interest

-

-

0

2,318

-

-

-

-

-

-

-

Distributions to partners in consolidated joint ventures

-

-

-

-

-

-

-

-

-

-

124

Dividends Paid on Common Shares

43,760

44,176

55,034

48,523

54,041

50,286

50,553

44,391

37,323

23,688

22,640

Dividends Paid on Preferred Shares

24,173

24,174

23,771

16,116

14,356

14,356

14,522

14,000

8,199

4,800

4,800

Distributions Paid on Common Units and LTIP Units

4,768

4,164

4,181

3,217

2,574

1,724

1,682

1,736

1,610

1,765

4,022

Other Financing Activities

-91

-193

-262

0

-

-

-

-

-

-

-

Net Cash Used in Financing Activities

-53,344

-81,660

-176,511

-78,793

28,372

53,072

2,367

28,552

131,062

322,273

-16,904

Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash

-3,798

15,197

-169,051

147,478

6,280

-14,538

-32,846

44,491

-41,028

54,192

-4,293