Hersha hospitality trust (HT)
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'11
Operating Activities:
Net Loss

-25,972

-4,031

507

5,559

-7,882

2,689

2,987

11,837

-9,148

104,940

3,263

84,788

25,955

6,712

8,205

114,959

-8,419

12,567

14,403

19,626

-4,389

8,611

7,587

58,586

-6,513

37,239

2,300

18,085

-7,676

6,849

5,894

17,389

-7,914

606

-22,504

9,348

-14,418

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

-

-

-

-

-

745

0

-14

3,417

90,350

-39

70,852

18,731

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-38

-183

6,950

4,502

148

843

0

0

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

-

-

-

-

-

-

-

-

-

16,240

0

0

16,239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property Impairment

-

-

-

-

-

-

-

-

-

4,082

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on Hotel Acquisitions, Net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-927

-15

13,471

138

-

-

-

-

-

-

-

-

-

-

-

-

Gains from Insurance Recoveries

-

-

-

-

-

-

-

-

-

-4,268

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,800

-

-

-

-

-

-

-

-

-

-

-

-

Lease Buyout

-

-

-

-

-

-

-

-

-

294

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Taxes

-4,539

1,814

-778

3,910

-5,258

-1,344

2,685

1,170

-2,655

5,262

-1,325

662

2,243

-

-

-

-

-

-

-

-

-1,879

-699

1

-108

-3,295

-2,514

1,439

-1,130

-

-

-

0

-

-

-

-

Depreciation

24,071

24,222

23,969

23,840

23,951

23,241

22,537

21,819

21,300

82,004

21,199

19,724

19,030

17,836

17,103

19,724

19,981

18,920

18,719

18,221

18,147

16,697

18,460

17,352

16,244

14,648

16,463

15,949

14,741

14,551

14,393

13,833

13,294

13,438

13,951

14,369

13,946

Amortization

566

524

506

517

590

698

703

704

711

3,550

823

849

920

818

534

355

315

317

253

428

494

511

478

368

622

615

684

526

720

764

934

762

1,220

886

926

1,003

924

Loss on Debt Extinguishment

-

-

-

-

-

0

0

0

-22

-590

-312

0

-274

-111

15

-1,049

-42

-

-

-

-

-29

0

-92

-552

0

-1

-263

-207

-2,251

-3

-1

-6

-145

0

0

0

Equity in Loss (Income) of Unconsolidated Joint Ventures

-1,018

173

38

299

181

166

582

537

-201

-2,473

539

711

-3,886

587

-3,717

1,521

-214

105

608

526

-274

87

607

419

-420

-1,814

227

148

-396

-153

-1,431

190

-730

1,282

-1,570

2,559

-981

Development Loan Interest Added to Principal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-277

-401

-395

-384

-641

-674

Distributions from Unconsolidated Joint Ventures

0

172

78

-375

853

426

687

313

0

700

-

-

-

-

-

-

-

488

465

488

5

-

-

-

-

-

-

-

-

118

137

132

1,000

132

0

0

0

Loss Recognized on Change in Fair Value of Derivative Instrument

-977

-781

-63

-91

-72

-68

-58

-53

-36

-60

-17

-11

-5

-3

-4

-6

-37

-24

-16

-13

-54

-3

-1

-55

-12

-4

88

-99

-7

-437

-3

-122

-96

-70

-41

-7

-7

Share Based Compensation Expense

2,456

3,362

2,009

3,474

1,958

4,639

2,068

3,123

1,606

9,286

1,512

2,527

1,429

2,255

1,514

1,873

2,406

1,918

1,411

1,655

1,539

1,872

1,595

1,449

1,112

2,927

1,992

2,439

2,388

3,356

1,923

2,266

2,133

2,825

1,495

1,785

1,485

Proceeds Received for Business Interruption Insurance Claims, net

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-5,250

-706

-647

-1,605

1,930

816

-2,092

-257

-227

135

970

-532

1,042

-6

58

-1,774

698

-3,027

771

497

766

-1,274

-2,519

2,297

1,846

-2,225

-2,630

2,789

-353

-3,735

1,981

1,817

172

-4,096

858

4,098

498

Escrows

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,248

-1,406

1,046

-936

2,082

-3,833

2,701

-1,809

-1,319

-247

2,103

-1,371

-3,153

957

3,091

-323

244

584

1,439

-533

2,537

826

1,548

Other Assets

-81

1,552

-1,393

1,147

170

-535

-1,033

3,740

384

-1,072

-1,734

2,952

-2,795

3,047

-921

-517

-2,895

4,817

-2,796

3,731

1,221

-3,026

-5,571

9,714

-3,299

2,597

1,666

946

-940

3,606

-828

1,337

-1,432

1,403

-394

256

-351

Due from Related Parties

-4,316

399

-33

-204

2,657

-1,116

182

-436

63

-13,010

-1,622

-11,981

-21

6,292

-2,021

7,775

43

-213

109

-68

-165

-223

446

1,012

-5,779

4,806

542

-6,288

3,576

-240

1,157

1,984

2,599

-93

-23

565

671

(Decrease) Increase in:
Due to Related Parties

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-18

-3,826

-4,945

2,195

36

-3,317

2,672

4,107

-3,290

-639

2,210

-2,409

1,085

1,051

685

-740

915

964

402

2,827

-1,155

-99

420

Accounts Payable, Accrued Expenses and Other Liabilities

-4,621

3,185

-1,034

3,473

-3,344

3,096

418

6,016

1,189

-17,155

-8,328

3,016

-3,399

-2,692

-430

2,974

-1,640

1,148

882

1,709

149

-4,155

2,810

1,372

-2,400

3,154

-689

-3,404

7,265

-2,357

-246

-864

1,231

-2,578

1,589

-4,720

3,897

Net Cash Provided by Operating Activities

3,603

28,638

27,603

40,869

6,002

31,755

31,157

42,285

9,625

107,123

23,277

49,575

17,147

3,322

35,548

33,598

9,099

34,430

35,100

37,865

14,422

34,391

37,081

22,480

18,942

20,068

29,484

28,480

12,229

22,757

23,016

21,466

4,517

19,762

21,149

13,555

4,202

Investing Activities:
Purchase of Hotel Property Assets

-

-

-

-

-

-

-

-

-

249,369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of Hotel Property Assets

-

-

-

-

-

-

0

0

41,230

78

0

137,102

112,189

81,891

112,603

-39

126,284

-

-

-

-

-73

1,272

157,537

16,500

-

-

-

-

0

-371

27,123

40,885

66,369

10

62,254

38,516

Deposits on Hotel Acquisitions

-

-

-

-

-

-

-

-

-

1,000

-

-

-

-

-

-

-

4,000

0

500

500

-

-

-

1,000

3,100

-1,000

-2,750

2,486

1,750

1,500

9,000

6,500

-10,500

7,250

17,750

3,500

Capital Expenditures

10,979

15,230

12,476

12,520

8,710

12,056

15,214

19,141

19,218

51,916

10,967

11,486

10,529

6,401

8,590

7,186

11,090

8,525

6,673

6,785

5,383

9,045

9,819

8,386

11,092

6,870

10,245

13,136

12,603

5,553

4,308

6,390

12,192

5,115

8,224

2,355

10,507

Cash Paid for Hotel Development Projects

-28

3

-318

390

77

9,148

7,582

10,902

11,122

7,637

495

550

455

-

-

-

-

530

-496

-76

992

389

312

667

2,396

3,192

6,955

4,991

4,916

1,453

2,762

5,308

648

5,453

25,120

1,423

124

Proceeds from Disposition of Hotel Properties

-

-

-

-

-

15,300

0

-14

49,594

196,635

-39

128,650

60,001

-

-

-

-

-

-

-

-

-72

-172

16,903

13,397

-

-

-

-

-16

-183

22,279

41,642

-1,282

3,643

0

0

Contributions to Unconsolidated Joint Ventures

600

2,100

0

4,000

0

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

320

1,000

Repayment of Notes Receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,847

127

-

-

-

-

Proceeds from Insurance Claims

-

-

-

-

-

2,182

4,382

2,930

6,312

0

-

-

-

-

-

-

-

-

-

-

-

0

849

-1

1,033

2,812

0

1,789

400

-

-

-

0

-

-

-

-

Net Changes in Capital Expenditure Escrows

-

-

-

-

-

-

-

-

-

-

-

-

-

-

770

-3,517

188

1,328

-173

1,354

-1,730

-1,295

205

-462

-3,025

-314

-66

-125

1,792

1,242

1,168

-69

2,113

459

-2,018

876

1,982

Proceeds from the Sale of Joint Venture Interests

-

-

-

-

-

-

-

-

-

11,624

0

0

11,623

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of Development Loans Receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,979

13,143

5,000

0

2,961

39

-

0

0

0

Repayment of Notes Receivable

-

-

-

-

-

-

-

-

-

2,000

2,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-150

-

-

-

-

Distributions from Unconsolidated Joint Ventures

0

280

320

375

647

224

-187

187

47,738

0

0

0

0

827

763

1,171

250

235

-465

462

130

-

-

-

-

289

40

29

1,353

326

-137

287

0

-

-

-

-

Advances to unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Cash paid for franchise fee intangible

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

24

0

40

Net Cash Used in Investing Activities

-11,551

-17,053

-11,838

-16,535

-8,140

-3,498

-19,601

-26,940

32,074

-99,663

-11,501

-18,488

-51,549

-40,668

-116,114

438,798

-137,312

-62,909

-34,373

-41,612

-5,015

-7,910

-10,973

-148,088

-13,533

63,364

-7,947

-173,990

-6,901

-4,688

-9,687

-20,508

-20,934

-68,450

-35,067

-71,572

-55,669

Financing Activities:
Borrowings Under Line of Credit, Net

-22,000

-2,000

-9,000

0

-27,000

16,000

0

10,000

-19,900

-16,100

0

0

0

0

0

178,550

-151,550

-

-

-94,000

-34,500

-

0

-4,000

-23,000

-

-

-

-

28,000

2,000

57,667

-36,667

-22,000

-1,000

35,000

-17,000

Proceeds of Unsecured Term Loan Borrowing

-

-

-

-

-

-

-

-

-

58,380

14,480

0

43,900

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

50,000

-

-

-

0

-

-

-

-

Repayment of Borrowings Under Unsecured Term Loan Borrowing

-

-

-

-

-

0

0

0

18,000

6,100

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal Repayment of Mortgages and Notes Payable

390

385

397

56,169

467

374

386

401

450

122,782

460

486

121,366

53,458

92,211

56,240

8,470

1,672

61,571

92,794

28,319

42,573

1,339

1,307

16,129

1,809

1,681

9,620

41,288

63,655

22,896

68,892

32,035

2,366

2,408

1,829

1,590

Proceeds from Mortgages and Notes Payable

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

7,000

0

55,750

25,000

46,500

0

45,000

9,500

5,000

0

55,000

5,000

1,251

51,445

18,805

27,194

-75

29,575

41,778

0

Cash Paid for Deferred Financing Costs

0

320

2,235

618

25

0

0

334

75

3,352

2,918

33

393

639

1,465

246

117

18

1,950

299

95

1,112

22

1,077

2,239

46

2

2,155

80

31

8

31

26

300

295

100

173

Cash Paid for Debt Extinguishment

-

-

-

-

-

-

-

-

-

374

125

0

245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Issuance of Preferred Shares, Net

-

-

-

-

-

-

-

-

-

43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1

-48

72,419

-

-

-

0

-

-

-

-

Redemption of Series B Preferred Shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

60,000

-

-

-

0

-

-

-

-

Repurchase of Common Shares

0

-1

9,572

0

4,624

0

0

0

10,833

35,178

4,749

0

0

3,004

9,924

36,813

2,314

42,922

34,950

37,740

12,627

134

-49

49

15,284

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of Interest Rate Cap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-96

96

565

-

27

69

0

-

-

-

-

Dividends Paid on Common Shares

10,809

10,800

10,980

10,958

11,022

11,018

11,007

10,993

11,158

55,034

11,694

11,686

20,021

11,720

11,929

12,398

12,476

12,999

13,372

13,767

13,903

14,035

12,029

12,068

12,154

13,248

12,151

13,244

11,910

11,904

11,898

10,395

10,194

10,193

10,189

8,484

8,457

Dividends Paid on Preferred Shares

6,044

6,043

6,043

6,043

6,044

6,044

6,043

6,043

6,044

23,771

6,042

6,042

5,645

4,417

2,853

5,257

3,589

3,589

3,589

3,589

3,589

3,589

3,589

3,589

3,589

3,589

3,589

2,871

4,473

3,500

3,500

3,500

3,500

3,500

2,299

1,200

1,200

Distributions Paid on Common Units and LTIP Units

1,198

1,198

1,199

1,198

1,173

1,050

1,055

1,061

998

4,181

843

846

1,590

732

731

1,105

649

650

652

651

621

479

415

415

415

415

415

422

430

429

435

436

436

437

436

364

373

Other Financing Activities

-19

0

0

-20

-71

0

15

-175

-33

-262

-210

-15

-36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Used in Financing Activities

3,540

-16,761

-21,151

-19,006

3,574

-34,486

-18,476

-1,007

-27,691

-176,511

-12,561

-19,108

-105,396

76,819

-19,576

-259,971

123,935

27,130

416

480

346

-42,674

-17,431

130,487

-17,310

-93,807

-4,243

91,744

8,673

-6,284

10,654

6,512

17,670

5,109

14,785

105,961

5,207

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

-4,408

-5,176

-5,386

5,328

1,436

-6,229

-6,920

14,338

14,008

-169,051

-785

11,979

-139,798

39,473

-100,142

212,425

-4,278

-1,349

1,143

-3,267

9,753

-16,193

8,677

4,879

-11,901

-10,375

17,294

-53,766

14,001

11,785

23,983

7,470

1,253

-43,579

867

47,944

-46,260