Lasalle hotel properties (LHO)
CashFlow / Quarterly
Sep'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 (loss) income

-83,238

35,739

-6,964

16,044

35,272

62,401

81,599

26,763

157,678

59,620

9,074

26,538

47,542

59,011

2,738

25,888

101,512

90,968

-4,871

18,831

32,748

41,006

-2,330

14,187

30,789

35,338

-8,737

7,962

22,321

24,137

-10,804

-10,510

16,769

14,688

-19,177

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

46,318

46,857

45,315

43,690

43,355

44,066

47,263

47,831

48,022

48,841

47,628

45,853

46,208

45,916

42,878

39,148

38,821

39,306

37,760

36,809

40,634

33,427

33,121

31,452

31,480

31,279

30,152

27,710

27,765

27,999

27,808

27,766

27,584

27,938

27,388

Amortization of debt issuance costs

543

669

672

673

669

664

765

805

841

835

878

832

703

549

547

543

545

530

-476

-133

-111

-60

-44

-42

15

413

378

378

149

151

215

213

198

201

222

Loss from extinguishment of debt

0

0

0

0

0

0

-1,706

0

0

0

0

-

-

-

-

4,974

0

0

-2,487

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of properties

0

0

0

0

31

11,156

74,358

-71

104,549

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred compensation

1,971

1,546

1,698

1,539

1,543

1,924

1,707

1,643

1,631

2,444

1,814

1,973

1,972

1,882

1,854

1,823

1,664

1,585

1,549

1,551

1,454

1,347

1,287

1,498

1,203

1,205

1,190

1,069

992

848

1,279

3,012

962

916

1,001

Deferred income tax expense

-458

-3,746

3,746

406

-400

-4,862

5,090

-165

-178

-7,228

5,907

1,326

408

-5,097

5,097

271

-2,072

-4,508

6,644

300

-776

-4,597

5,284

-183

-2,278

-4,889

3,386

-1,069

-2,648

-4,582

2,895

376

-1,556

-4,225

2,411

Allowance for doubtful accounts

38

-4

-43

7

-12

113

17

-114

43

-342

337

-25

9

42

29

-133

102

-12

-1

-252

66

196

-11

-58

-54

130

6

4

-136

-255

-410

98

32

95

12

Other

0

-8

-156

-5,455

-219

-772

-361

0

24

-91

-154

-60

-306

-100

0

0

-2

-286

-116

0

0

-449

0

-

-

-

-

-

-

-

-

134

1,026

-504

44

Business interruption insurance proceeds

751

2,451

135

-

874

480

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Assets held for sale

0

0

0

-

0

-1,265

2,765

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash reserves

-

-

-

-

-

-

-

11

-63

26

-3,053

-51

-16

-2,118

-147

832

203

209

-332

581

27

-254

-511

358

31

471

375

-1,995

-1,766

-568

1,045

-405

2,075

1,399

-2,008

Hotel receivables

-2,134

13,025

-5,084

-7,572

131

12,103

880

-11,252

-3,315

11,699

2,451

-13,537

-7,041

17,546

10,416

-22,716

5,941

10,252

6,700

-16,995

5,584

5,352

8,046

-12,128

3,486

8,520

4,412

-3,399

-7,189

9,929

3,319

-7,104

-8,491

9,075

6,601

Prepaid expenses and other assets

13,610

6,317

7,526

-9,361

3,274

6,147

7,127

-4,924

-3,641

8,588

1,425

-4,685

11,826

3,263

-5,439

1,562

-8,667

6,797

1,248

-4,102

-2,360

13,154

1,585

-7,006

3,730

14

3,194

-3,462

2,662

707

-977

-3,606

6,846

-235

523

Accounts payable and accrued expenses

6,708

11,366

3,680

-16,721

-2,712

7,512

2,288

-7,825

-9,034

12,818

3,867

-16,675

10,767

14,295

6,029

-6,000

-1,449

10,624

-4,756

1,018

6,712

8,376

527

-1,809

3,344

5,787

5,094

-7,409

1,494

3,882

-903

-4,288

6,114

8,901

-1,925

Advance deposits

1,287

4,474

985

-5,059

-5,069

5,192

2,649

-2,694

-981

5,014

3,426

-5,412

-493

4,853

8,011

-4,491

-1,673

1,807

5,700

-3,325

-4,157

3,100

4,138

-818

-2,740

3,637

2,711

-2,436

-1,756

2,631

4,053

-2,331

-3,161

1,931

2,297

Accrued interest

59

-202

114

164

83

7

-80

126

-82

-320

-791

467

157

-1,199

122

199

42

-213

-127

76

-97

-460

-10

450

656

-63

-216

566

-3

-143

-1

324

36

-98

-227

Net cash provided by operating activities

75,419

87,308

39,560

62,653

71,186

99,852

48,100

82,936

100,742

115,916

59,657

71,389

101,994

111,855

52,281

77,028

94,504

88,583

23,121

74,791

74,774

73,726

22,274

63,819

59,724

73,610

19,211

37,769

59,007

53,764

14,955

37,456

43,954

48,054

2,108

Cash flows from investing activities:
Additions to properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,105

14,168

-

14,617

12,947

7,212

-

-

-

-

-

-

-

-

-

-

-

-

Additions to properties

17,103

40,800

38,448

53,271

29,531

24,818

12,674

27,431

16,165

17,816

27,025

46,119

28,487

31,849

23,508

40,046

52,926

2,363

2,191

5,023

16,432

27,851

8,771

-41,992

15,322

19,122

16,981

20,433

12,332

12,208

9,847

15,404

8,557

7,725

2,246

Improvements to properties

713

1,488

403

0

0

0

0

-65

1,356

3,448

9,343

4,149

3,517

1,722

3,577

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of properties

-

-

-

-

-

-

-

-

-

-

-

0

0

0

439,157

64,109

0

127,002

0

-

-

-

-

243,671

0

0

142,944

431,432

22,500

0

79,835

59,173

302,651

0

94,156

Deposit on acquisition

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-25,000

25,000

0

-10,000

10,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of office furniture and equipment

7

17

44

0

3

11

0

15

12

6

4

6

13

54

70

705

24

64

6

7

8

28

4

5

4

10

49

4

5

4

77

15

8

92

12

Repayment of note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

72,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash reserves

-

-

-

-

-

-

-

-195

-8,001

-867

734

456

4,172

1,606

971

-1,904

-959

3,495

302

945

905

-1,928

1,045

340

-560

903

-1,473

-819

852

423

530

696

1,278

1,028

724

Proceeds from sale of properties

0

0

0

0

118

150,322

251,960

-71

166,736

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

19,727

54,132

66,723

0

0

Insurance proceeds received for damage of property

636

825

365

4,124

389

709

238

402

519

303

780

1,297

664

316

154

676

868

220

350

407

275

161

0

-

-

-

-

-

-

-

-

186

106

522

579

Net cash (used in) provided by investing activities

-17,187

-41,480

-38,530

-50,107

-29,027

126,202

239,524

-26,855

237,435

-20,100

-36,326

-49,433

-115,525

-34,915

-442,129

-127,280

53,699

-50,103

45,683

-32,454

-330,822

-41,737

-17,032

-263,436

-82,182

-20,035

-158,501

-451,050

-35,689

-12,635

-70,562

-20,970

-245,665

-8,323

-96,559

Cash flows from financing activities:
Repayment of bonds payable

0

0

42,500

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under credit facilities

-

-

-

-

-

-

-

0

24

52,482

378,990

40,912

136,350

265,021

388,524

69,008

110,463

156,219

202,138

11,926

293,524

166,172

6,710

16,938

111,440

44,123

231,357

265,008

7

11,007

153,169

93,508

213,897

21,565

149,837

Repayments under credit facilities

-

-

-

-

-

-

-

0

190,024

205,482

56,990

399,912

287,350

76,021

46,524

227,008

149,463

155,219

226,744

252,320

12,524

37,172

108,710

73,524

282,263

91,714

68,357

8

7

87,007

197,362

108,315

78,897

32,537

145,124

Repayments of mortgage loans

-

-

-

-

-

-

-

0

0

0

286,294

1,238

1,172

211,155

1,231

1,167

1,101

9,813

1,244

1,176

1,109

61,014

1,388

1,308

1,229

1,211

60,852

1,045

789

335

67

65

61

61

12,922

Payment of debt issuance costs

233

6

8

12

92

24

4,510

28

5

0

0

2,859

2,844

5

8

32

260

4

4,874

64

0

0

4

-27

2,215

1,704

283

5,358

0

0

0

-

-

-

-

Distributions to redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,391

0

0

108

Purchase of treasury shares

476

0

75,370

628

1,927

91

2,223

0

548

357

1,240

0

5,697

56

1,671

0

687

1,048

1,201

0

1

0

2

912

472

0

738

6,013

18,710

625

2,253

0

0

0

566

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

74

0

0

0

83

0

0

157

14

Proceeds from issuance of preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

110,000

0

0

0

0

0

0

0

68,750

0

0

0

0

Payment of preferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

100

3,548

0

0

0

0

0

0

1

2,379

0

0

0

0

Proceeds from issuance of common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

218,040

84

17,547

47,155

0

216

253,012

77,802

0

76,500

0

113,822

Payment of common offering costs

-

-

-

-

-

-

-

2

15

60

19

50

9

0

192

3,537

0

20

0

3,171

67

266

255

8,768

89

299

589

0

3

2,167

1,389

0

1,599

164

4,553

Distributions on earned shares from share awards with market conditions

-175

0

-87

0

-590

0

-190

0

-214

0

-151

0

0

0

-334

0

-239

0

-75

0

0

0

-20

0

0

0

-56

-31

0

0

-38

0

0

-1

-45

Redemption of preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

27,500

0

0

0

0

Distributions on preferred shares

4,116

4,123

4,118

4,123

4,115

5,685

5,405

5,413

4,355

3,051

3,042

3,049

3,043

3,050

3,042

3,050

4,142

4,114

4,107

4,115

4,106

5,073

4,166

4,174

4,166

9,243

7,402

7,410

7,402

7,281

7,162

6,695

6,689

6,696

6,689

Distributions on common shares/units

24,868

49,735

51,020

51,020

51,013

51,015

50,955

50,954

50,943

50,942

50,898

50,883

50,967

42,473

42,420

39,137

39,121

29,220

29,193

27,035

19,311

19,167

19,148

17,312

17,315

9,453

9,249

9,253

9,359

8,351

8,036

8,037

698

698

636

Net cash used in financing activities

-29,868

-53,888

-173,103

-55,783

-57,737

-125,565

-63,283

-56,397

-246,262

-62,150

-19,644

-39,579

10,268

-67,739

293,102

147,299

-143,272

-43,219

-65,300

-44,420

256,406

-36,677

-20,531

229,024

3,775

-41,204

131,060

235,843

-36,047

158,252

53,618

-32,512

202,421

-18,435

93,030

Net change in cash and cash equivalents and restricted cash reserves

28,364

-8,060

-172,073

-43,237

-15,578

100,489

224,341

-316

91,915

33,666

3,687

-17,623

-3,263

9,201

-96,746

97,047

4,931

-4,739

3,504

-2,083

358

-4,688

-15,289

29,407

-18,683

12,371

-8,230

-177,438

-12,729

199,381

-1,989

-16,026

710

21,296

-1,421