LASALLE HOTEL PROPERTIES LHO Cash Flow

Lasalle hotel properties (LHO)

CashFlow / TTM

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net (loss) income
-38,419	80,091	106,753	195,316	206,035	328,441	325,660	253,135	252,910	142,774	142,165	135,829	135,179	189,149	221,106	213,497	206,440	137,676	87,714	90,255	85,611	83,652	77,984	71,577	65,352	56,884	45,683	43,616	25,144	19,592	10,143	1,770	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization
182,180	179,217	176,426	178,374	182,515	187,182	191,957	192,322	190,344	188,530	185,605	180,855	174,150	166,763	160,153	155,035	152,696	154,509	148,630	143,991	138,634	129,480	127,332	124,363	120,621	116,906	113,626	111,282	111,338	111,157	111,096	110,676	0	0	0
Amortization of debt issuance costs
2,557	2,683	2,678	2,771	2,903	3,075	3,246	3,359	3,386	3,248	2,962	2,631	2,342	2,184	2,165	1,142	466	-190	-780	-348	-257	-131	342	764	1,184	1,318	1,056	893	728	777	827	834	0	0	0
Loss from extinguishment of debt
0	0	0	-1,706	-1,706	-1,706	-1,706	0	0	0	0	-	-	-	-	2,487	-2,487	-2,487	-2,487	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of properties
0	31	11,187	85,545	85,474	189,992	178,836	104,478	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred compensation
6,754	6,326	6,704	6,713	6,817	6,905	7,425	7,532	7,862	8,203	7,641	7,681	7,531	7,223	6,926	6,621	6,349	6,139	5,901	5,639	5,586	5,335	5,193	5,096	4,667	4,456	4,099	4,188	6,131	6,101	6,169	5,891	0	0	0
Deferred income tax expense
-52	6	-1,110	234	-337	-115	-2,481	-1,664	-173	413	2,544	1,734	679	-1,801	-1,212	335	364	1,660	1,571	211	-272	-1,774	-2,066	-3,964	-4,850	-5,220	-4,913	-5,404	-3,959	-2,867	-2,510	-2,994	0	0	0
Allowance for doubtful accounts
-2	-52	65	125	4	59	-396	-76	13	-21	363	55	-53	40	-14	-44	-163	-199	9	-1	193	73	7	24	86	4	-381	-797	-703	-535	-185	237	0	0	0
Other
-5,619	-5,838	-6,602	-6,807	-1,352	-1,109	-428	-221	-281	-611	-620	-466	-406	-102	-288	-404	-404	-402	-565	-449	0	0	0	-	-	-	-	-	-	-	-	700	0	0	0
Business interruption insurance proceeds
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Assets held for sale
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash reserves
-	-	-	-	-	-	-	-3,079	-3,141	-3,094	-5,238	-2,332	-1,449	-1,230	1,097	912	661	485	22	-157	-380	-376	349	1,235	-1,118	-2,915	-3,954	-3,284	-1,694	2,147	4,114	1,061	0	0	0
Hotel receivables
-1,765	500	-422	5,542	1,862	-1,584	-1,988	-417	-2,702	-6,428	-581	7,384	-1,795	11,187	3,893	177	5,898	5,541	641	1,987	6,854	4,756	7,924	4,290	13,019	2,344	3,753	2,660	-1,045	-2,347	-3,201	81	0	0	0
Prepaid expenses and other assets
18,092	7,756	7,586	7,187	11,624	4,709	7,150	1,448	1,687	17,154	11,829	4,965	11,212	-9,281	-5,747	940	-4,724	1,583	7,940	8,277	5,373	11,463	-1,677	-68	3,476	2,408	3,101	-1,070	-1,214	2,970	2,028	3,528	0	0	0
Accounts payable and accrued expenses
5,033	-4,387	-8,241	-9,633	-737	-7,059	-1,753	-174	-9,024	10,777	12,254	14,416	25,091	12,875	9,204	-1,581	5,437	13,598	11,350	16,633	13,806	10,438	7,849	12,416	6,816	4,966	3,061	-2,936	185	4,805	9,824	8,802	0	0	0
Advance deposits
1,687	-4,669	-3,951	-2,287	78	4,166	3,988	4,765	2,047	2,535	2,374	6,959	7,880	6,700	3,654	1,343	2,509	25	1,318	-244	2,263	3,680	4,217	2,790	1,172	2,156	1,150	2,492	2,597	1,192	492	-1,264	0	0	0
Accrued interest
135	159	368	174	136	-29	-356	-1,067	-726	-487	-1,366	-453	-721	-836	150	-99	-222	-361	-608	-491	-117	636	1,033	827	943	284	204	419	177	216	261	35	0	0	0
Net cash provided by operating activities
264,940	260,707	273,251	281,791	302,074	331,630	347,694	359,251	347,704	348,956	344,895	337,519	343,158	335,668	312,396	283,236	280,999	261,269	246,412	245,565	234,593	219,543	219,427	216,364	190,314	189,597	169,751	165,495	165,182	150,129	144,419	131,572	0	0	0
Cash flows from investing activities:
Additions to properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Additions to properties
149,622	162,050	146,068	120,294	94,454	81,088	74,086	88,437	107,125	119,447	133,480	129,963	123,890	148,329	118,843	97,526	62,503	26,009	51,497	58,077	11,062	9,952	1,223	9,433	71,858	68,868	61,954	54,820	49,791	46,016	41,533	33,932	0	0	0
Improvements to properties
2,604	1,891	403	0	-65	1,291	4,739	14,082	18,296	20,457	18,731	12,965	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of properties
-	-	-	-	-	-	-	-	-	-	-	439,157	503,266	503,266	630,268	191,111	0	0	0	-	-	-	-	386,615	574,376	596,876	596,876	533,767	161,508	441,659	441,659	455,980	0	0	0
Deposit on acquisition
-	-	-	-	-	-	-	-	-	-	-	-25,000	0	0	-10,000	25,000	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of office furniture and equipment
68	64	58	14	29	38	33	37	28	29	77	143	842	853	863	799	101	85	49	47	45	41	23	68	67	68	62	90	101	104	192	127	0	0	0
Repayment of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,000	72,000	72,000	72,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash reserves
-	-	-	-	-	-	-	-8,329	-7,678	4,495	6,968	7,205	4,845	-286	1,603	934	3,783	5,647	224	967	362	-1,103	1,728	-790	-1,949	-537	-1,017	986	2,501	2,927	3,532	3,726	0	0	0
Proceeds from sale of properties
0	118	150,440	402,400	402,329	568,947	418,625	166,665	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,727	73,859	140,582	140,582	120,855	0	0	0
Insurance proceeds received for damage of property
5,950	5,703	5,587	5,460	1,738	1,868	1,462	2,004	2,899	3,044	3,057	2,431	1,810	2,014	1,918	2,114	1,845	1,252	1,193	843	0	0	0	-	-	-	-	-	-	-	-	1,393	0	0	0
Net cash (used in) provided by investing activities
-147,304	-159,144	8,538	286,592	309,844	576,306	430,004	154,154	131,576	-221,384	-236,199	-642,002	-719,849	-550,625	-565,813	-78,001	16,825	-367,696	-359,330	-422,045	-653,027	-404,387	-382,685	-524,154	-711,768	-665,275	-657,875	-569,936	-139,856	-349,832	-345,520	-371,517	0	0	0
Cash flows from financing activities:
Repayment of bonds payable
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under credit facilities
-	-	-	-	-	-	-	431,496	472,408	608,734	821,273	830,807	858,903	833,016	724,214	537,828	480,746	663,807	673,760	478,332	483,344	301,260	179,211	403,858	651,928	540,495	507,379	429,191	257,691	471,581	482,139	478,807	0	0	0
Repayments under credit facilities
-	-	-	-	-	-	-	452,496	852,408	949,734	820,273	809,807	636,903	499,016	578,214	758,434	783,746	646,807	528,760	410,726	231,930	501,669	556,211	515,858	442,342	160,086	155,379	284,384	392,691	471,581	417,111	364,873	0	0	0
Repayments of mortgage loans
-	-	-	-	-	-	-	286,294	287,532	288,704	499,859	214,796	214,725	214,654	13,312	13,325	13,334	13,342	64,543	64,687	64,819	64,939	5,136	64,600	64,337	63,897	63,021	2,236	1,256	528	254	13,109	0	0	0
Payment of debt issuance costs
259	118	136	4,638	4,654	4,567	4,543	33	2,864	5,703	5,708	5,716	2,889	305	304	5,170	5,202	4,942	4,938	68	-23	2,192	3,896	4,175	9,560	7,345	5,641	5,358	0	0	0	-	-	-	-
Distributions to redeemable noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,499	0	0	0
Purchase of treasury shares
76,474	77,925	78,016	4,869	4,241	2,862	3,128	2,145	2,145	7,294	6,993	7,424	7,424	2,414	3,406	2,936	2,936	2,250	1,202	3	915	1,386	1,386	2,122	7,223	25,461	26,086	27,601	21,588	2,878	2,253	566	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74	74	74	74	83	83	83	240	171	0	0	0
Proceeds from issuance of preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	110,000	110,000	110,000	110,000	0	0	0	0	68,750	68,750	68,750	68,750	0	0	0	0
Payment of preferred offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,648	3,648	3,648	3,548	0	0	0	1	2,380	2,380	2,380	2,379	0	0	0	0
Proceeds from issuance of common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	282,826	64,786	64,918	300,383	331,030	331,030	407,314	154,302	190,322	0	0	0
Payment of common offering costs
-	-	-	-	-	-	-	96	144	138	78	251	3,738	3,729	3,749	3,557	3,191	3,258	3,504	3,759	9,356	9,378	9,411	9,745	977	891	2,759	3,559	3,559	5,155	3,152	6,316	0	0	0
Distributions on earned shares from share awards with market conditions
-262	-677	-677	-780	-780	-404	-404	-365	-365	-151	-151	-334	-334	-573	-573	-314	-314	-75	-75	-20	-20	-20	-20	-56	-87	-87	-87	-69	-38	-38	-39	-46	0	0	0
Redemption of preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,500	27,500	27,500	27,500	0	0	0	0
Distributions on preferred shares
16,480	16,479	18,041	19,328	20,618	20,858	18,224	15,861	13,497	12,185	12,184	12,184	12,185	13,284	14,348	15,413	16,478	16,442	17,401	17,460	17,519	17,579	21,749	24,985	28,221	31,457	29,495	29,255	28,540	27,827	27,242	26,769	0	0	0
Distributions on common shares/units
176,643	202,788	204,068	204,003	203,937	203,867	203,794	203,737	203,666	203,690	195,221	186,743	174,997	163,151	149,898	136,671	124,569	104,759	94,706	84,661	74,938	72,942	63,228	53,329	45,270	37,314	36,212	34,999	33,783	25,122	17,469	10,069	0	0	0
Net cash used in financing activities
-312,642	-340,511	-412,188	-302,368	-302,982	-491,507	-428,092	-384,453	-367,635	-111,105	-116,694	196,052	382,930	229,390	253,910	-104,492	-296,211	103,467	110,009	154,778	428,222	175,591	171,064	322,655	329,474	289,652	489,108	411,666	143,311	381,779	205,092	244,504	0	0	0
Net change in cash and cash equivalents and restricted cash reserves
-195,006	-238,948	-130,399	266,015	308,936	416,429	349,606	128,952	111,645	16,467	-7,998	-108,431	6,239	14,433	493	100,743	1,613	-2,960	-2,909	-21,702	9,788	-9,253	7,806	14,865	-191,980	-186,026	984	7,225	168,637	182,076	3,991	4,559	0	0	0