Rlj lodging trust (RLJ)
CashFlow / TTM
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

70,219

129,379

122,387

164,589

195,299

190,862

170,329

99,783

77,856

75,739

144,189

181,467

197,741

201,314

199,845

199,389

197,060

219,812

179,515

175,646

172,597

136,480

130,092

129,960

117,580

114,179

100,417

78,786

56,824

41,319

26,198

42,544

21,064

11,709

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

804

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

5,996

6,010

7,666

7,659

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

5,708

0

0

0

-

-

-

-

-

-

-

-

Depreciation and amortization

202,354

211,584

220,866

231,944

238,636

241,641

248,286

233,144

209,736

186,993

162,104

157,826

160,435

162,500

163,930

162,824

159,753

156,226

153,581

150,977

148,621

144,294

138,031

132,375

128,871

127,430

125,776

125,000

124,536

126,798

135,197

131,479

131,710

130,714

0

0

0

Amortization of deferred financing costs

4,329

4,100

3,834

3,598

3,367

3,504

3,590

3,603

3,585

3,499

3,494

3,482

3,830

4,000

4,156

4,330

4,146

4,164

4,097

4,093

4,142

4,298

4,325

5,173

4,898

4,500

5,772

4,978

5,241

5,452

4,193

4,247

5,640

5,842

0

0

0

Other amortization

-2,168

-2,055

-2,130

-2,191

-2,173

-3,081

-4,444

-4,330

-3,677

-2,098

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized Gain (Loss) on Cash Flow Hedging Instruments

-4,182

-376

-402

55

2,250

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-707

-1,673

-2,920

-2,566

636

636

713

551

-248

133

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions of income from unconsolidated joint ventures

1,414

1,964

1,836

2,828

2,891

2,591

3,200

2,714

2,150

1,900

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

755

-

830

879

927

954

965

1,110

1,122

1,128

1,132

1,000

1,000

1,000

1,000

1,000

1,000

1,000

0

0

0

Accretion of interest income on investment in loan

-

-

-

-

-

-

-

-

-

664

379

-117

276

613

-316

486

434

389

348

312

278

248

688

622

565

513

0

0

0

-

-

-

-

-

-

-

-

(Gain) loss on disposal of hotel properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Impairment loss

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share grants to trustees

-

-

-

-

-

-

-

-

-

-

-

-

-

57

90

123

132

132

132

132

132

127

122

117

112

124

136

148

160

160

0

0

0

-

-

-

-

Amortization of share-based compensation

11,430

11,459

11,237

12,325

12,462

12,251

12,365

10,824

10,787

10,607

10,019

9,445

5,733

5,990

6,449

7,225

11,570

13,002

14,332

15,486

15,538

15,088

14,631

14,123

13,637

13,078

12,554

11,761

10,181

8,626

0

0

0

-

-

-

-

Deferred income taxes

-9,341

-6,818

5,189

9,507

8,562

8,384

38,313

40,808

40,305

40,140

10,749

6,227

6,801

6,994

-35,685

-37,174

-39,405

-40,554

-659

-213

-472

-642

-1,158

-1,422

-929

-839

-57

-6

-174

-87

0

0

0

-

-

-

-

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

-41,292

-8,813

-18,730

-3,531

-6,912

-5,580

7,613

10,902

13,858

5,686

4,637

122

3,661

263

-1,640

2,305

8

-115

1,761

-3,264

-1,372

2,122

4,106

446

2,432

-716

2,504

3,692

1,519

2,493

1,855

1,872

1,793

-31

0

0

0

Prepaid expense and other assets

-4,303

6,335

9,578

15,937

-139

-351

-16,602

-22,155

-3,457

-3,805

1,156

5,896

-349

5,162

903

-459

-472

-4,802

-5,172

2,527

3,018

3,513

3,715

-11,354

3,341

-2,924

5,688

6,027

3,683

5,851

-736

11,907

-4,545

6,723

0

0

0

Accounts payable and other liabilities

-21,704

-10,706

-15,280

-11,764

-9,289

-20,590

-62,902

-44,812

-40,880

-27,575

23,425

3,053

1,274

2,870

11,419

14,894

7,751

-5,502

-23,114

-19,109

-10,408

-5,096

2,861

908

-1,428

-114

8,707

4,838

-135

-3,992

-14,072

-11,185

-12,709

12,618

0

0

0

Increase (Decrease) in Deferred Revenue

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advance deposits and deferred revenue

-

-

-

-

-

82

-268

-2,562

-721

-5,307

-1,576

-1,389

803

328

79

981

1,029

1,617

-886

-246

-1,962

-526

-127

-1,391

493

1,030

1,848

2,676

5,614

3,503

5,151

1,327

-1,459

-1,525

0

0

0

Accrued interest

-97

-4,889

-590

-1,204

65

-9,168

-2,009

-18,404

-11,250

-8,975

-9,513

733

-1,175

-1,439

-1,383

442

2,117

2,100

1,878

63

142

88

197

587

210

411

117

-250

117

169

298

-751

-2,060

-1,380

0

0

0

Preferred distributions payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash flow provided by operating activities

352,347

397,325

386,911

392,210

418,903

394,834

366,740

314,858

261,649

260,595

288,288

308,689

326,133

331,363

346,387

347,180

340,013

328,914

307,659

312,713

311,325

298,833

290,274

283,684

248,921

251,386

237,677

217,683

199,692

176,134

167,221

139,685

129,174

134,120

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

631,640

655,670

528,133

440,647

208,195

0

0

0

-

-

-

-

236,858

0

0

0

Purchase deposits, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Proceeds from the sale of hotel properties, net

685,972

685,870

650,901

805,439

358,987

475,063

628,065

297,426

296,415

180,279

266,507

266,521

266,478

269,185

16,096

21,202

23,459

246,405

241,531

236,430

247,181

132,669

126,445

126,445

113,450

2,369

0

0

0

-

-

-

-

-

-

-

-

Proceeds from principal payments on investment in loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

157

174

159

207

205

201

235

207

0

0

0

Improvements and additions to hotel properties

144,882

157,354

171,159

202,699

202,515

197,599

188,666

149,067

123,258

103,208

83,752

81,620

79,998

83,780

107,854

125,876

144,087

149,225

148,052

144,901

131,342

118,787

90,347

73,674

64,552

61,077

72,716

78,228

99,792

129,235

139,725

144,137

126,495

93,477

0

0

0

Additions to property and equipment

-

-

-

-

-

-

-

0

243

-

224

190

144

283

-49

594

751

659

940

249

96

47

74

157

140

185

222

149

341

342

280

284

157

116

0

0

0

Cash Paid to Equity Method Investment, Contribution

100

603

953

953

953

350

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions from unconsolidated joint ventures in excess of earnings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Repayments to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Decrease (increase) in restricted cash reserves, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-3,796

-

-3,545

-669

-398

624

5,682

-4,478

-6,815

-2,357

-14,473

-16,997

-22,299

-22,501

-21,315

-13,207

14,387

16,768

0

0

0

Net cash flow used in investing activities

545,082

530,412

481,225

604,090

155,546

277,114

439,551

136,302

161,042

64,980

180,353

190,526

185,428

185,122

-107,189

-249,417

-268,951

-45,700

-46,685

-41,588

-196,280

-611,183

-618,435

-464,877

-384,424

-262,067

-314,828

-316,963

-412,181

-363,828

-343,203

-355,731

-182,896

-347,012

0

0

0

Cash flows from financing activities
Borrowings under Revolver

400,000

140,000

140,000

140,000

140,000

300,000

300,000

300,000

300,000

0

0

0

21,000

51,000

51,000

51,000

30,000

0

0

34,000

122,500

292,500

292,500

381,000

292,500

205,500

0

0

0

-

-

-

-

-

-

-

-

Repayment of borrowings under Revolver

-

-

-

-

-

-

-

-

-

-

-

-

-

51,000

51,000

51,000

30,000

0

0

34,000

122,500

292,500

292,500

381,000

292,500

221,500

0

0

0

-

-

-

-

-

-

-

-

Borrowings on Term Loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175,000

175,000

625,000

625,000

450,000

0

0

0

-

-

-

-

-

-

-

-

Repayments of Senior Notes

-

-

-

-

-

539,026

540,015

540,011

540,018

990

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

11,000

11,000

18,000

18,000

7,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Scheduled mortgage loan principal payments

373,566

374,500

111,491

112,200

113,042

113,137

1,650

1,511

761

0

408

-71

-34

0

3,600

12,651

38,095

166,587

309,335

300,961

276,151

170,722

28,725

595,731

597,862

577,441

910,166

344,814

429,411

429,084

97,850

97,694

486,840

489,342

0

0

0

Proceeds from (Repayments of) Secured Debt

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common shares under a share repurchase program

0

-

0

0

0

-

0

0

0

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common shares to satisfy employee tax withholding requirements

78,102

77,834

20,182

21,472

21,718

21,814

3,319

2,469

2,586

2,610

10,527

13,293

13,104

13,271

219,117

222,503

224,067

225,186

6,783

1,201

675

0

1,375

833

369

0

3,521

3,042

2,634

2,345

0

0

0

-

-

-

-

Payments of Ordinary Dividends, Preferred Stock and Preference Stock

25,115

25,115

25,115

25,115

25,115

25,115

25,115

18,836

12,558

6,279

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions on common shares

226,912

228,287

229,799

230,400

230,907

231,188

192,608

203,306

186,609

169,942

191,720

164,209

164,274

164,364

164,835

169,204

171,632

170,092

168,213

151,878

135,300

125,143

110,678

106,773

104,910

97,316

89,790

82,201

74,649

68,752

0

0

0

-

-

-

-

Distributions on and redemption of Operating Partnership units

1,387

1,230

1,172

1,137

1,035

1,050

874

939

796

775

851

723

777

838

956

1,070

1,174

1,160

1,125

1,032

939

878

797

780

765

736

673

636

601

551

0

0

0

-

-

-

-

Stock Redeemed or Called During Period, Value

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of deferred financing costs

9,652

10,111

4,712

4,661

689

3,640

4,147

5,123

5,097

1,582

1,075

112

4,487

5,369

5,517

6,052

1,700

839

3,207

2,659

2,576

4,120

1,892

6,455

6,441

4,952

9,820

5,270

6,997

6,944

3,800

3,913

5,546

6,183

0

0

0

Payments of Distributions to Affiliates

0

312

682

1,056

1,429

1,483

1,483

1,235

862

496

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred equity - consolidated joint venture

0

45,583

45,583

45,583

45,583

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from consolidated joint venture partners

410

2,446

2,527

2,422

2,423

191

227

191

191

117

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of members' distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,104

0

0

0

Proceeds from partners' contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

126,721

0

0

0

Payment of partners' distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,296

0

0

0

Proceeds from the issuance of common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

327,547

0

0

0

-

-

-

-

-

-

-

-

Distributions to joint venture partners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flow provided by (used in) financing activities

8,239

-385,419

-477,141

-711,047

-757,074

-946,182

-802,318

-531,059

-456,916

-190,377

-203,199

-174,148

-180,472

-182,254

-208,631

-209,189

-292,431

-419,079

-394,953

-380,976

-46,036

242,560

259,075

292,028

59,241

227,068

228,575

206,582

298,451

-6,676

-377

9,082

-8,840

255,669

0

0

0

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

905,668

542,318

390,995

285,253

-182,625

-274,234

3,973

-79,899

-34,225

135,198

265,442

325,067

331,089

334,231

30,567

-111,426

-221,369

-135,865

-133,979

-109,851

69,009

-69,790

-69,086

110,835

-76,262

216,387

151,424

107,302

85,962

-194,370

-176,359

-206,964

-62,562

42,777

0

0

0