HERSHA HOSPITALITY TRUST HT Cash Flow

Hersha hospitality trust (HT)

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	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating Activities:
Net Loss
-23,937	-5,847	873	3,353	9,631	8,365	110,616	110,892	183,843	218,946	120,718	125,660	155,831	121,457	127,312	133,510	38,177	42,207	38,251	31,435	70,395	68,271	96,899	91,612	51,111	49,948	19,558	23,152	22,456	22,218	15,975	-12,423	-20,464	-26,968	0	0	0
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:
Gain on Disposition of Hotel Properties, Net
-	-	-	-	-	4,148	93,753	93,714	164,580	179,894	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,231	11,417	12,443	5,493	991	0	0	0
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net
-	-	-	-	-	-	-	-	-	32,479	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Impairment
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on Hotel Acquisitions, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,667	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gains from Insurance Recoveries
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	1,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Lease Buyout
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Taxes
407	-312	-3,470	-7	-2,747	-144	6,462	2,452	1,944	6,842	0	0	0	-	-	-	-	-	-	-	-	-2,685	-4,101	-5,916	-4,478	-5,500	0	0	0	-	-	-	0	-	-	-	-
Depreciation
96,102	95,982	95,001	93,569	91,548	88,897	147,660	146,322	144,227	141,957	77,789	73,693	73,693	74,644	75,728	77,344	75,841	74,007	71,784	71,525	70,656	68,753	66,704	64,707	63,304	61,801	61,704	59,634	57,518	56,071	54,958	54,516	55,052	55,704	0	0	0
Amortization
2,113	2,137	2,311	2,508	2,695	2,816	5,668	5,788	5,933	6,142	3,410	3,121	2,627	2,022	1,521	1,240	1,313	1,492	1,686	1,911	1,851	1,979	2,083	2,289	2,447	2,545	2,694	2,944	3,180	3,680	3,802	3,794	4,035	3,739	0	0	0
Loss on Debt Extinguishment
-	-	-	-	-	-22	-612	-924	-924	-1,176	-697	-370	-1,419	-1,187	0	0	0	-	-	-	-	-673	-644	-645	-816	-471	-2,722	-2,724	-2,462	-2,261	-155	-152	-151	-145	0	0	0
Equity in Loss (Income) of Unconsolidated Joint Ventures
-508	691	684	1,228	1,466	1,084	-1,555	-1,598	-1,424	-5,109	-2,049	-6,305	-5,495	-1,823	-2,305	2,020	1,025	965	947	946	839	693	-1,208	-1,588	-1,859	-1,835	-174	-1,832	-1,790	-2,124	-689	-828	1,541	1,290	0	0	0
Development Loan Interest Added to Principal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-678	-1,073	-1,457	-1,821	-2,094	0	0	0
Distributions from Unconsolidated Joint Ventures
-125	728	982	1,591	2,279	1,426	1,700	0	0	0	-	-	-	-	-	-	-	1,446	0	0	0	-	-	-	-	-	-	-	-	1,387	1,401	1,264	1,132	132	0	0	0
Loss Recognized on Change in Fair Value of Derivative Instrument
-1,912	-1,007	-294	-289	-251	-215	-207	-166	-124	-93	-36	-23	-18	-50	-71	-83	-90	-107	-86	-71	-113	-71	-72	17	-27	-22	-455	-546	-569	-658	-291	-329	-214	-125	0	0	0
Share Based Compensation Expense
11,301	10,803	12,080	12,139	11,788	11,436	16,083	15,527	14,931	14,754	7,723	7,725	7,071	8,048	7,711	7,608	7,390	6,523	6,477	6,661	6,455	6,028	7,083	7,480	8,470	9,746	10,175	10,106	9,933	9,678	9,147	8,719	8,238	7,590	0	0	0
Proceeds Received for Business Interruption Insurance Claims, net
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Assets and Liabilities:
(Increase) Decrease in:
Hotel Accounts Receivable
-8,208	-1,028	494	-951	397	-1,760	-2,441	621	346	1,615	1,474	562	-680	-1,024	-4,045	-3,332	-1,061	-993	760	-2,530	-730	350	-601	-712	-220	-2,419	-3,929	682	-290	235	-126	-1,249	1,032	1,358	0	0	0
Escrows
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,544	786	-1,641	14	-859	-4,260	-674	-1,272	-834	-2,668	-1,464	-476	572	3,969	3,596	1,944	1,734	4,027	4,269	4,378	0	0	0
Other Assets
1,225	1,476	-611	-251	2,342	2,556	2,019	1,318	530	-2,649	1,470	2,283	-1,186	-1,286	484	-1,391	2,857	6,973	-870	-3,645	2,338	-2,182	3,441	10,678	1,910	4,269	5,278	2,784	3,175	2,683	480	914	-167	914	0	0	0
Due from Related Parties
-4,154	2,819	1,304	1,519	1,287	-1,307	-13,201	-15,005	-26,550	-26,634	-7,332	-7,731	12,025	12,089	5,584	7,714	-129	-337	-347	-10	1,070	-4,544	485	581	-6,719	2,636	-2,410	-1,795	6,477	5,500	5,647	4,467	3,048	1,120	0	0	0
(Decrease) Increase in:
Due to Related Parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-8,789	-6,594	-6,540	-6,031	1,586	3,498	172	2,850	2,388	-4,128	247	1,937	412	2,081	1,911	1,824	1,541	5,108	3,038	1,975	1,993	0	0	0
Accounts Payable, Accrued Expenses and Other Liabilities
1,003	2,280	2,191	3,643	6,186	10,719	-9,532	-18,278	-21,278	-25,866	-11,403	-3,505	-3,547	-1,788	2,052	3,364	2,099	3,888	-1,415	513	176	-2,373	4,936	1,437	-3,339	6,326	815	1,258	3,798	-2,236	-2,457	-622	-4,478	-1,812	0	0	0
Net Cash Provided by Operating Activities
100,713	103,112	106,229	109,783	111,199	114,822	190,190	182,310	189,600	197,122	93,321	105,592	89,615	81,567	112,675	112,227	116,494	121,817	121,778	123,759	108,374	112,894	98,571	90,974	96,974	90,261	92,950	86,482	79,468	71,756	68,761	66,894	58,983	58,668	0	0	0
Investing Activities:
Purchase of Hotel Property Assets
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Hotel Property Assets
-	-	-	-	-	-	41,308	41,308	178,410	249,369	331,182	443,785	306,644	320,739	0	0	0	-	-	-	-	175,236	0	0	0	-	-	-	-	67,637	134,006	134,387	169,518	167,149	0	0	0
Deposits on Hotel Acquisitions
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	5,000	0	0	0	-	-	-	350	1,836	486	2,986	14,736	18,750	6,500	12,250	21,000	18,000	0	0	0
Capital Expenditures
51,205	48,936	45,762	48,500	55,121	65,629	105,489	101,242	93,587	84,898	39,383	37,006	32,706	33,267	35,391	33,474	33,073	27,366	27,886	31,032	32,633	38,342	36,167	36,593	41,343	42,854	41,537	35,600	28,854	28,443	28,005	31,921	27,886	26,201	0	0	0
Cash Paid for Hotel Development Projects
47	152	9,297	17,197	27,709	38,754	37,243	30,156	19,804	9,137	0	0	0	-	-	-	-	950	809	1,617	2,360	3,764	6,567	13,210	17,534	20,054	18,315	14,122	14,439	10,171	14,171	36,529	32,644	32,120	0	0	0
Proceeds from Disposition of Hotel Properties
-	-	-	-	-	64,880	246,215	246,176	374,840	385,247	0	0	0	-	-	-	-	-	-	-	-	30,056	0	0	0	-	-	-	-	63,722	62,456	66,282	44,003	2,361	0	0	0
Contributions to Unconsolidated Joint Ventures
6,700	6,100	0	0	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Repayment of Notes Receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,720	0	0	0	-	-	-	-
Proceeds from Insurance Claims
-	-	-	-	-	15,806	13,624	0	0	0	-	-	-	-	-	-	-	-	-	-	-	1,881	4,693	3,844	5,634	5,001	0	0	0	-	-	-	0	-	-	-	-
Net Changes in Capital Expenditure Escrows
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,231	-2,174	2,697	779	-1,844	-1,466	-3,282	-4,577	-3,596	-3,867	-3,530	1,287	2,843	4,077	4,133	4,454	3,671	485	1,430	1,299	0	0	0
Proceeds from the Sale of Joint Venture Interests
-	-	-	-	-	-	-	-	-	23,247	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of Development Loans Receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,122	20,122	20,122	21,104	8,000	0	0	0	-	0	0	0
Repayment of Notes Receivable
-	-	-	-	-	-	-	-	-	4,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Distributions from Unconsolidated Joint Ventures
975	1,622	1,566	1,059	871	47,962	47,738	47,925	47,738	0	827	1,590	2,761	3,011	2,419	1,191	482	362	0	0	0	-	-	-	-	1,711	1,748	1,571	1,829	476	0	0	0	-	-	-	-
Advances to unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Cash paid for franchise fee intangible
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65	0	0	0
Net Cash Used in Investing Activities
-56,977	-53,566	-40,011	-47,774	-58,179	-17,965	-114,130	-106,030	-97,578	-181,201	-122,206	-226,819	230,467	144,704	122,463	204,204	-276,206	-143,909	-88,910	-65,510	-171,986	-180,504	-109,230	-106,204	-132,106	-125,474	-193,526	-195,266	-41,784	-55,817	-119,579	-144,959	-196,023	-230,758	0	0	0
Financing Activities:
Borrowings Under Line of Credit, Net
-33,000	-38,000	-20,000	-11,000	-1,000	6,100	-26,000	-26,000	-36,000	-16,100	0	0	178,550	27,000	0	0	0	-	-	0	0	-	0	0	0	-	-	-	-	51,000	1,000	-2,000	-24,667	-5,000	0	0	0
Proceeds of Unsecured Term Loan Borrowing
-	-	-	-	-	-	-	-	-	116,760	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	50,000	0	0	0	-	-	-	0	-	-	-	-
Repayment of Borrowings Under Unsecured Term Loan Borrowing
-	-	-	-	-	18,000	24,100	24,100	24,100	6,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal Repayment of Mortgages and Notes Payable
57,341	57,418	57,407	57,396	1,628	1,611	124,019	124,093	124,178	245,094	175,770	267,521	323,275	210,379	158,593	127,953	164,507	184,356	225,257	165,025	73,538	61,348	20,584	20,926	29,239	54,398	116,244	137,459	196,731	187,478	126,189	105,701	38,638	8,193	0	0	0
Proceeds from Mortgages and Notes Payable
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	87,750	127,250	127,250	116,500	101,000	59,500	59,500	69,500	65,000	61,251	112,696	76,501	98,695	97,369	75,499	98,472	71,278	0	0	0
Cash Paid for Deferred Financing Costs
3,173	3,198	2,878	643	359	409	3,761	6,679	6,378	6,696	3,983	2,530	2,743	2,467	1,846	2,331	2,384	2,362	3,456	1,528	2,306	4,450	3,384	3,364	4,442	2,283	2,268	2,274	150	96	365	652	721	868	0	0	0
Cash Paid for Debt Extinguishment
-	-	-	-	-	-	-	-	-	744	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Issuance of Preferred Shares, Net
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,370	0	0	0	-	-	-	0	-	-	-	-
Redemption of Series B Preferred Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60,000	0	0	0	-	-	-	0	-	-	-	-
Repurchase of Common Shares
9,571	14,195	14,196	4,624	4,624	10,833	46,011	50,760	50,760	39,927	7,753	12,928	49,741	52,055	91,973	116,999	117,926	128,239	85,451	50,452	12,761	15,418	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of Interest Rate Cap
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	565	0	0	0	-	0	0	0	-	-	-	-
Dividends Paid on Common Shares
43,547	43,760	43,978	44,005	44,040	44,176	88,192	88,879	89,572	98,435	55,121	55,356	56,068	48,523	49,802	51,245	52,614	54,041	55,077	53,734	52,035	50,286	49,499	49,621	50,797	50,553	49,209	48,956	46,107	44,391	42,680	40,971	39,060	37,323	0	0	0
Dividends Paid on Preferred Shares
24,173	24,173	24,174	24,174	24,174	24,174	41,901	41,900	41,899	41,500	22,146	18,957	18,172	16,116	15,288	16,024	14,356	14,356	14,356	14,356	14,356	14,356	14,356	14,356	13,638	14,522	14,433	14,344	14,973	14,000	14,000	12,799	10,499	8,199	0	0	0
Distributions Paid on Common Units and LTIP Units
4,793	4,768	4,620	4,476	4,339	4,164	7,295	7,083	6,868	7,460	4,011	3,899	4,158	3,217	3,135	3,056	2,602	2,574	2,403	2,166	1,930	1,724	1,660	1,660	1,667	1,682	1,696	1,716	1,730	1,736	1,744	1,745	1,673	1,610	0	0	0
Other Financing Activities
-39	-91	-91	-76	-231	-193	-455	-680	-520	-523	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used in Financing Activities
-53,378	-53,344	-71,069	-68,394	-50,395	-81,660	-223,685	-217,770	-235,871	-313,576	-60,246	-67,261	-308,124	-78,793	-128,482	-108,490	151,961	28,372	-41,432	-59,279	70,728	53,072	1,939	15,127	-23,616	2,367	89,890	104,787	19,555	28,552	39,945	44,076	143,525	131,062	0	0	0
Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash
-9,642	-3,798	-4,851	-6,385	2,625	15,197	-147,625	-141,490	-143,849	-297,655	-89,131	-188,488	11,958	147,478	106,656	207,941	-7,751	6,280	-8,564	-1,030	7,116	-14,538	-8,720	-103	-58,748	-32,846	-10,686	-3,997	57,239	44,491	-10,873	-33,989	6,485	-41,028	0	0	0