| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Operating Activities: | ||||||
Net (loss) income | ||||||
316,000 | 477,000 | 2,631,000 | 139,000 | 299,000 | ||
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
264,000 | 277,000 | 288,000 | 300,000 | 287,000 | ||
Gain on sales of assets, net | ||||||
19,000 | 96,000 | 1,000 | 1,000 | 143,000 | ||
Casualty (gain) loss and impairment loss, net | ||||||
-18,000 | -1,000 | 16,000 | 15,000 | - | ||
Equity in (loss) earnings from investments in affiliates | ||||||
14,000 | 18,000 | 40,000 | 3,000 | 22,000 | ||
Loss on foreign currency transactions | ||||||
-1,000 | -3,000 | -4,000 | 3,000 | - | ||
Other gain, net | ||||||
46,000 | 102,000 | - | -25,000 | -6,000 | ||
Share-based compensation expense | ||||||
16,000 | 16,000 | 14,000 | - | - | ||
Amortization of deferred financing costs | ||||||
5,000 | 4,000 | 5,000 | 11,000 | 11,000 | ||
Distributions from unconsolidated affiliates | ||||||
22,000 | 18,000 | 19,000 | 19,000 | 27,000 | ||
Deferred income taxes | ||||||
5,000 | -20,000 | -2,378,000 | -66,000 | -7,000 | ||
Changes in operating assets and liabilities: | ||||||
Accounts receivable, net | ||||||
3,000 | 27,000 | -4,000 | 9,000 | 25,000 | ||
Prepaid expenses | ||||||
-6,000 | 34,000 | -8,000 | 6,000 | - | ||
Other assets | ||||||
20,000 | 34,000 | 1,000 | 1,000 | - | ||
Accounts payable and accrued expenses | ||||||
-28,000 | -21,000 | 20,000 | -1,000 | -16,000 | ||
Due to hotel manager | ||||||
7,000 | -4,000 | 50,000 | -18,000 | - | ||
Other liabilities | ||||||
10,000 | 14,000 | 20,000 | -5,000 | 15,000 | ||
Changes in operating assets and liabilities | ||||||
5,000 | 8,000 | 6,000 | -3,000 | -87,000 | ||
Net cash (used in) provided by operating activities | ||||||
499,000 | 444,000 | 653,000 | 399,000 | 519,000 | ||
Investing Activities: | ||||||
Acquisitions, net of cash and restricted cash acquired | ||||||
914,000 | 10,000 | - | - | 1,402,000 | ||
Capital expenditures for property and equipment | ||||||
240,000 | 178,000 | 185,000 | 227,000 | 226,000 | ||
Proceeds from asset dispositions, net | ||||||
429,000 | 369,000 | - | - | 1,866,000 | ||
Proceeds from the sale of investments in affiliates, net | ||||||
51,000 | 150,000 | - | - | - | ||
Insurance proceeds for property damage claims | ||||||
39,000 | 88,000 | 2,000 | - | - | ||
Investments in affiliates | ||||||
- | - | 1,000 | - | 1,000 | ||
Distributions from unconsolidated affiliates | ||||||
- | - | 19,000 | 3,000 | 15,000 | ||
Net cash provided by investing activities | ||||||
-635,000 | 419,000 | -165,000 | -224,000 | 252,000 | ||
Financing Activities: | ||||||
Borrowings under Revolver | ||||||
850,000 | - | - | - | - | ||
Contribution from Parent | ||||||
- | - | - | 987,000 | - | ||
Borrowings | ||||||
- | - | - | 2,915,000 | 271,000 | ||
Repayment of debt | ||||||
232,000 | - | 55,000 | 3,680,000 | 883,000 | ||
Payments of deferred financing costs | ||||||
11,000 | - | - | - | - | ||
Dividends paid | ||||||
494,000 | 464,000 | 386,000 | - | 81,000 | ||
Distributions to noncontrolling interests | ||||||
9,000 | 2,000 | 6,000 | 32,000 | 7,000 | ||
Tax withholdings on share-based compensation | ||||||
7,000 | 2,000 | 3,000 | - | - | ||
Repurchase of common stock | ||||||
- | 348,000 | - | - | - | ||
Debt issuance costs | ||||||
- | - | - | 21,000 | - | ||
Net transfers to Parent | ||||||
- | - | 9,000 | -40,000 | -3,000 | ||
Cash dividends paid to Parent | ||||||
- | - | - | 180,000 | - | ||
Net cash provided by (used in) financing activities | ||||||
97,000 | -816,000 | -459,000 | 29,000 | -697,000 | ||
Effect of exchange rate changes on cash and cash equivalents and restricted cash | ||||||
- | -1,000 | - | 2,000 | -4,000 | ||
Net increase (decrease) in cash and cash equivalents and restricted cash | ||||||
-39,000 | 46,000 | 29,000 | 206,000 | 70,000 | ||
Supplemental Disclosures | ||||||