Rlj lodging trust (RLJ)
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
Cash flows from operating activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-30,829

34,911

32,455

33,682

28,331

27,919

74,657

64,392

23,894

7,386

4,111

42,465

21,777

75,836

41,389

58,739

25,350

74,367

40,933

56,410

48,102

34,070

37,064

53,361

11,985

27,682

36,932

40,981

8,584

13,920

15,301

19,019

-6,921

-1,201

31,647

-2,461

-16,276

Adjustments to reconcile net (loss) income to cash flow provided by operating activities:
Loss on defeasance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

804

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property

102

-

-1,072

-24,800

0

-

35,895

796

-3,734

-

-19

30

-60

-

-5

22

-172

-

812

672

22,298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-14

-1,656

7

7,659

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

6

3,277

2,425

0

-

-

-

-

-

-

-

-

Depreciation and amortization

49,173

48,930

49,295

54,956

58,403

58,212

60,373

61,648

61,408

64,857

45,231

38,240

38,665

39,968

40,953

40,849

40,730

41,398

39,847

37,778

37,203

38,753

37,243

35,422

32,876

32,490

31,587

31,918

31,435

30,836

30,811

31,454

33,697

39,235

27,093

31,685

32,701

Amortization of deferred financing costs

1,021

1,082

1,116

1,110

792

816

880

879

929

902

893

861

843

897

881

1,209

1,013

1,053

1,055

1,025

1,031

986

1,051

1,074

1,187

1,013

1,899

799

789

2,285

1,105

1,062

1,000

1,026

1,159

2,455

1,202

Other amortization

-596

-556

-532

-484

-483

-631

-593

-466

-1,391

-1,994

-479

187

188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized Gain (Loss) on Cash Flow Hedging Instruments

-1,556

26

-457

-2,195

2,250

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

585

1,246

-135

-2,403

-381

-1

219

799

-381

76

57

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions of income from unconsolidated joint ventures

0

669

244

501

550

541

1,236

564

250

1,150

750

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

188

188

-

188

190

217

235

237

238

244

246

382

250

250

250

250

250

250

250

250

250

250

Accretion of interest income on investment in loan

-

-

-

-

-

-

-

-

-

1,328

-204

-250

-210

1,043

-700

143

127

114

102

91

82

73

66

57

52

513

0

0

0

-

-

-

-

-

-

-

-

(Gain) loss on disposal of hotel properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,260

-2,557

-

0

0

0

-

-

-

-

-

-

-

-

Impairment loss

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share grants to trustees

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

24

33

33

33

33

33

33

33

33

28

28

28

28

40

40

40

40

40

-

-

-

-

Amortization of share-based compensation

2,696

2,751

2,948

3,035

2,725

2,529

4,036

3,172

2,514

2,643

2,495

3,135

2,334

2,055

1,921

-577

2,591

2,514

2,697

3,768

4,023

3,844

3,851

3,820

3,573

3,387

3,343

3,334

3,014

2,863

2,550

1,754

1,459

-

-

-

-

Deferred income taxes

-1,242

-9,768

-1,102

2,771

1,281

2,239

3,216

1,826

1,103

32,168

5,711

1,323

938

2,777

1,189

1,897

1,131

-39,902

-300

-334

-18

-7

146

-593

-188

-523

-118

-100

-98

259

-67

-268

-11

-

-

-

-

Changes in assets and liabilities:
Hotel and other receivables, net

-16,989

-14,083

-10,385

165

15,490

-24,000

4,814

-3,216

16,822

-10,807

8,103

-260

8,650

-11,856

3,588

3,279

5,252

-13,759

7,533

982

5,129

-11,883

2,508

2,874

8,623

-9,899

-1,152

4,860

5,475

-6,679

36

2,687

6,449

-7,317

53

2,608

4,625

Prepaid expense and other assets

-10,715

9,277

-2,346

-519

-77

12,520

4,013

-16,595

-289

-3,731

-1,540

2,103

-637

1,230

3,200

-4,142

4,874

-3,029

1,838

-4,155

544

-3,399

9,537

-3,664

1,039

-3,197

-5,532

11,031

-5,226

5,415

-5,193

8,687

-3,058

-1,172

7,450

-7,765

8,210

Accounts payable and other liabilities

-22,204

-9,100

4,953

4,647

-11,206

-13,674

8,469

7,122

-22,507

-55,986

26,559

11,054

-9,202

-4,986

6,187

9,275

-7,606

3,563

9,662

2,132

-20,859

-14,049

13,667

10,833

-15,547

-6,092

11,714

8,497

-14,233

2,729

7,845

3,524

-18,090

-7,351

10,732

2,000

7,237

Increase (Decrease) in Deferred Revenue

-8,529

-

-

-

4,722

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advance deposits and deferred revenue

-

-

-

-

-

-3,719

2,539

-5,612

6,874

-4,069

245

-3,771

2,288

-338

432

-1,579

1,813

-587

1,334

-1,531

2,401

-3,090

1,974

-3,247

3,837

-2,691

710

-1,363

4,374

-1,873

1,538

1,575

2,263

-225

-2,286

-1,211

2,197

Accrued interest

12,003

-10,682

6,784

-8,202

7,211

-6,383

6,170

-6,933

-2,022

776

-10,225

221

253

238

21

-1,687

-11

294

1,846

-12

-28

72

31

67

-82

181

421

-310

119

-113

54

57

171

16

-995

-1,252

851

Preferred distributions payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

Net cash flow provided by operating activities

30,066

91,774

112,399

118,108

75,044

81,360

117,698

144,801

50,975

53,266

65,816

91,592

49,921

80,959

86,217

109,036

55,151

95,983

87,010

101,869

44,052

74,728

92,064

100,481

31,560

66,169

85,474

65,718

34,025

52,460

65,480

47,727

10,467

43,547

37,944

37,216

15,413

Cash flows from investing activities
Payments to Acquire Real Estate Held-for-investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

127,537

192,130

311,973

24,030

0

104,644

79,521

-

-

-

-

42,028

0

0

194,830

Purchase deposits, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-703

-1,974

-

-

-

-

-

-

-

-

Proceeds from the sale of hotel properties, net

102

62,295

176,082

447,493

0

27,326

330,620

1,041

116,076

180,328

-19

30

-60

266,556

-5

-13

2,647

13,467

5,101

2,244

225,593

8,593

0

12,995

111,081

2,369

0

0

0

-

-

-

-

-

-

-

-

Proceeds from principal payments on investment in loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

29

40

54

51

14

88

52

47

48

60

Improvements and additions to hotel properties

31,027

39,483

27,726

46,646

43,499

53,288

59,266

46,462

38,583

44,355

19,667

20,653

18,533

24,899

17,535

19,031

22,315

48,973

35,557

37,242

27,453

47,800

32,406

23,683

14,898

19,360

15,733

14,561

11,423

30,999

21,245

36,125

40,866

41,489

25,657

18,483

7,848

Additions to property and equipment

-

-

-

-

-

-

-

3

27

-

88

61

3

72

54

15

142

-260

697

172

50

21

6

19

1

48

89

2

46

85

16

194

47

23

20

67

6

Cash Paid to Equity Method Investment, Contribution

100

0

0

0

603

350

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions from unconsolidated joint ventures in excess of earnings

1,593

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350

Repayments to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

286

Decrease (increase) in restricted cash reserves, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,098

6,723

-908

-

-4,002

3,146

-6,259

3,570

-1,126

3,417

-5,237

8,628

-11,286

1,080

-779

-3,488

-13,810

-4,222

-981

-2,302

-5,702

23,372

1,400

Net cash flow used in investing activities

-29,432

22,875

148,519

403,120

-44,102

-26,312

271,384

-45,424

77,466

136,125

-31,865

-20,684

-18,596

251,498

-21,692

-25,782

-18,902

-40,813

-163,920

-45,316

204,349

-41,798

-158,823

-200,008

-210,554

-49,050

-5,265

-119,555

-88,197

-101,811

-7,400

-214,773

-39,844

-81,186

-19,928

-41,938

-203,960

Cash flows from financing activities
Borrowings under Revolver

400,000

0

0

0

140,000

0

0

0

300,000

0

0

0

0

0

0

21,000

30,000

0

0

0

0

0

34,000

88,500

170,000

0

122,500

0

83,000

-

-

-

-

-

-

-

-

Repayment of borrowings under Revolver

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

21,000

30,000

0

0

0

0

0

34,000

88,500

170,000

0

122,500

0

99,000

-

-

-

-

-

-

-

-

Borrowings on Term Loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

175,000

0

450,000

0

0

-

-

-

-

-

-

-

-

Repayments of Senior Notes

-

-

-

-

-

1

4

-7

539,028

990

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

140,000

Proceeds from mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

11,000

0

7,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Scheduled mortgage loan principal payments

634

371,328

797

807

1,568

108,319

1,506

1,649

1,663

-3,168

1,367

899

902

-2,760

888

936

936

840

9,939

26,380

129,428

143,588

1,565

1,570

23,999

1,591

568,571

3,701

3,578

334,316

3,219

88,298

3,251

3,082

3,063

477,444

5,753

Proceeds from (Repayments of) Secured Debt

0

-

0

-235,000

-139,500

-

-28,124

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common shares under a share repurchase program

62,605

-

47,224

7,850

10,561

-

0

0

0

-

-

-

-

-

0

1,982

11,289

-

140,103

59,841

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common shares to satisfy employee tax withholding requirements

634

76,541

637

290

366

18,889

1,927

536

462

394

1,077

653

486

8,311

3,843

464

653

214,157

7,229

2,028

1,772

-4,246

1,647

1,502

1,097

-2,871

1,105

1,038

728

650

626

630

439

-

-

-

-

Payments of Ordinary Dividends, Preferred Stock and Preference Stock

6,279

6,279

6,279

6,278

6,279

6,279

6,279

6,278

6,279

6,279

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions on common shares

56,051

56,309

57,241

57,311

57,426

57,821

57,842

57,818

57,707

19,241

68,540

41,121

41,040

41,019

41,029

41,186

41,130

41,490

45,398

43,614

39,590

39,611

29,063

27,036

29,433

25,146

25,158

25,173

21,839

17,620

17,569

17,621

15,942

-

-

-

-

Distributions on and redemption of Operating Partnership units

390

342

277

378

233

284

242

276

248

108

307

133

227

184

179

187

288

302

293

291

274

267

200

198

213

186

183

183

184

123

146

148

134

-

-

-

-

Stock Redeemed or Called During Period, Value

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of deferred financing costs

105

5,424

51

4,072

564

25

0

100

3,515

532

976

74

0

25

13

4,449

882

173

548

97

21

2,541

0

14

1,565

313

4,563

0

76

5,181

13

1,727

23

2,037

126

3,360

660

Payments of Distributions to Affiliates

0

0

0

0

312

370

374

373

366

370

126

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred equity - consolidated joint venture

0

0

0

0

45,583

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from consolidated joint venture partners

270

0

141

-1

2,306

81

36

0

74

117

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of members' distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-158

2,462

800

Proceeds from partners' contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,972

118,749

Payment of partners' distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9,480

6,816

Proceeds from the issuance of common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

0

-198

327,743

-

-

-

-

-

-

-

-

Distributions to joint venture partners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

259

-

0

195

0

-

0

0

1,182

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flow provided by (used in) financing activities

273,572

-81,981

-112,356

-70,996

-120,086

-173,703

-346,262

-117,023

-309,194

-29,839

-75,003

-42,880

-42,655

-42,661

-45,952

-49,204

-44,437

-69,038

-46,510

-132,446

-171,085

-44,912

-32,533

202,494

117,511

-28,397

420

-30,293

285,338

-26,890

-21,573

61,576

-19,789

-20,591

-12,114

43,654

244,720

Net change in cash, cash equivalents, and restricted cash reserves

274,206

32,668

148,562

450,232

-89,144

-118,655

42,820

-17,646

-180,753

159,552

-41,052

28,028

-11,330

289,796

18,573

34,050

-8,188

-13,868

-123,420

-75,893

77,316

-11,982

-99,292

102,967

-61,483

-11,278

80,629

-84,130

231,166

-76,241

36,507

-105,470

-49,166

-58,230

5,902

38,932

56,173