Sunstone hotel investors, inc. (SHO)
Balance Sheet / 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'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

847

816

730

741

683

809

650

544

467

488

466

597

441

369

367

354

396

499

176

98

156

222

135

360

94

104

100

123

208

157

164

204

126

149

159

144

153

276

Cash proceeds held by accommodator

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

139

-

-

-

-

-

-

-

-

-

Restricted cash

53

48

46

46

50

53

68

74

79

71

71

66

64

67

67

62

68

76

91

88

87

82

93

87

82

89

84

76

69

78

76

73

71

55

63

61

61

54

Accounts receivable, net

23

35

44

48

42

33

44

46

48

34

44

46

50

39

46

46

46

32

47

52

50

34

48

43

38

29

41

34

33

27

28

36

35

29

25

36

29

17

Prepaid expenses and other current assets

14

13

14

8

15

12

11

11

12

10

10

8

13

10

10

8

12

10

11

11

15

14

12

11

12

12

10

6

10

10

9

9

10

9

9

6

10

7

Due from affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Inventories

-

-

-

-

-

-

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

1

2

2

2

2

Assets held for sale, net

-

-

18

-

-

-

33

42

-

122

-

-

-

79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

-

-

-

279

-

14

115

-

Investment in hotel properties of discontinued operations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

-

-

131

Investment in hotel property of discontinued operations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

-

-

-

0

-

0

Other current assets of discontinued operations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-

3

2

3

5

Total current assets

938

913

853

844

792

908

809

721

608

728

594

720

570

567

492

473

525

619

328

252

312

354

290

504

230

237

237

314

462

407

282

368

246

525

279

268

376

495

Investment in hotel properties, net

2,756

2,872

2,910

2,936

2,946

3,030

3,073

3,089

3,110

3,106

3,235

3,104

3,149

3,158

3,234

3,231

3,243

3,230

3,523

3,532

3,537

3,538

3,546

3,230

3,227

3,231

2,977

2,740

2,689

2,681

2,800

2,810

2,761

2,532

2,793

2,813

2,361

1,902

Finance lease right-of-use asset, net

47

47

48

54

55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets, net

41

60

61

62

63

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs, net

2

2

2

3

3

3

0

0

1

1

1

1

2

4

2

2

3

4

10

10

7

0

7

7

8

9

9

10

11

11

12

12

13

14

11

12

8

8

Other real estate, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

12

11

-

11

11

12

11

Investments in unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Interest rate cap derivative agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

9

9

9

9

9

9

9

9

9

9

9

13

13

13

9

13

13

13

4

Other assets, net

13

21

22

23

29

29

34

34

31

22

23

15

9

9

9

9

9

10

8

16

14

14

14

30

20

21

21

42

31

25

26

20

18

20

99

111

37

12

Total assets

3,799

3,918

3,898

3,925

3,890

3,972

3,918

3,845

3,752

3,857

3,854

3,841

3,732

3,739

3,739

3,717

3,781

3,865

3,871

3,820

3,881

3,917

3,869

3,782

3,497

3,508

3,255

3,117

3,203

3,136

3,144

3,236

3,064

3,101

3,209

3,231

2,810

2,436

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued expenses

39

35

33

32

34

30

34

37

34

31

30

29

36

36

37

35

39

30

33

35

35

32

32

30

31

25

25

24

29

22

25

25

22

24

26

28

29

20

Accrued payroll and employee benefits

17

25

21

20

17

25

21

19

18

26

23

20

17

24

22

20

18

28

30

25

22

31

30

26

22

29

28

22

19

26

22

18

16

20

19

17

13

12

Due to Third-Party Managers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

9

8

3

6

5

7

7

Dividends and distributions payable

13

135

14

14

14

126

14

14

14

133

14

14

14

119

14

13

13

265

12

12

12

76

12

12

11

11

10

2

3

7

7

7

7

7

7

7

5

5

Other current liabilities

33

46

45

47

39

44

47

46

43

44

47

46

43

39

44

44

45

42

50

44

44

36

43

38

37

30

36

33

35

30

37

37

31

25

31

27

24

16

Current portion of notes payable, net

82

82

6

6

6

5

5

5

5

5

9

9

8

184

251

251

149

85

206

135

235

119

159

122

24

23

23

20

19

76

77

78

111

49

324

292

288

16

Liabilities of assets held for sale

-

-

12

-

-

-

3

4

-

0

-

-

-

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

-

47

-

11

11

11

-

11

Notes payable of assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

-

-

-

153

-

-

-

-

Other current liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

21

21

Total current liabilities

186

325

133

121

112

232

127

128

116

242

124

119

120

408

369

365

266

451

333

254

351

297

279

230

126

120

124

102

107

200

179

224

197

295

428

390

390

112

Notes payable, less current portion, net

1,187

888

966

968

969

971

972

974

975

977

977

980

982

746

748

751

929

1,010

1,106

1,182

1,187

1,302

1,226

1,269

1,374

1,380

1,387

1,275

1,281

1,286

1,318

1,396

1,449

1,367

1,342

1,379

1,163

1,115

Finance lease obligation, less current portion

15

15

15

27

27

27

26

26

26

26

26

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

-

-

-

-

-

-

Operating lease obligations, less current portion

48

49

50

52

53

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest rate swap derivative agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

-

-

Other liabilities

24

18

19

19

17

30

30

30

31

28

29

36

36

36

42

44

41

36

35

35

34

33

34

34

40

39

39

38

32

15

14

13

13

12

10

10

9

8

Total liabilities

1,462

1,297

1,186

1,187

1,180

1,261

1,158

1,160

1,149

1,275

1,159

1,151

1,155

1,207

1,176

1,177

1,252

1,513

1,490

1,488

1,589

1,648

1,556

1,549

1,556

1,556

1,566

1,432

1,437

1,517

1,528

1,651

1,659

1,675

1,782

1,780

1,563

1,236

Commitments and contingencies (Note 11)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, $0.01 par value, 4,102,564 shares authorized, zero shares issued and outstanding at December 31, 2013 and 4,102,564 shares issued and outstanding at December 31, 2012, liquidation preference of $24.375 per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

100

100

100

100

100

100

100

100

100

Stockholders' equity:
Cumulative Redeemable Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

176

-

Common stock, $0.01 par value, 500,000,000 shares authorized, 215,541,134 shares issued and outstanding at March 31, 2020 and 224,855,351 shares issued and outstanding at December 31, 2019

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

Additional paid in capital

2,578

2,683

2,681

2,723

2,726

2,728

2,726

2,724

2,677

2,679

2,677

2,672

2,594

2,596

2,540

2,539

2,535

2,458

2,457

2,456

2,454

2,418

2,397

2,335

2,071

2,068

1,796

1,795

1,793

1,493

1,492

1,491

1,313

1,312

1,311

1,311

1,314

1,313

Retained earnings

1,156

1,318

1,274

1,243

1,199

1,182

1,106

1,017

968

932

912

897

848

786

753

716

652

652

416

355

304

305

292

260

218

224

219

205

187

158

147

108

97

110

103

119

80

29

Cumulative dividends and distributions

1,633

1,619

1,483

1,469

1,454

1,440

1,313

1,299

1,284

1,270

1,136

1,121

1,107

1,092

973

959

941

927

662

650

637

624

547

535

522

511

500

489

486

475

467

460

-452

445

-437

-430

-423

-418

Accumulated other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

-4

-4

-4

-4

-3

-3

-3

-3

Total stockholders' equity

2,293

2,574

2,664

2,689

2,662

2,663

2,711

2,634

2,553

2,533

2,646

2,640

2,528

2,482

2,513

2,488

2,478

2,300

2,328

2,279

2,239

2,216

2,258

2,177

1,883

1,898

1,633

1,628

1,611

1,463

1,460

1,427

1,245

1,265

1,266

1,289

1,146

1,099

Noncontrolling interest in consolidated joint venture

43

46

48

48

47

47

48

50

49

48

49

49

48

49

49

50

51

50

52

53

52

52

53

55

56

53

55

56

55

55

56

57

59

60

60

61

0

-

Total equity

2,337

2,621

2,712

2,738

2,710

2,711

2,760

2,685

2,602

2,582

2,695

2,690

2,577

2,531

2,563

2,539

2,529

2,351

2,380

2,332

2,292

2,268

2,312

2,233

1,940

1,952

1,688

1,684

1,666

1,519

1,516

1,485

1,305

1,325

1,326

1,350

1,146

1,099

Total liabilities and equity

3,799

3,918

3,898

3,925

3,890

3,972

3,918

3,845

3,752

3,857

3,854

3,841

3,732

3,739

3,739

3,717

3,781

3,865

3,871

3,820

3,881

3,917

3,869

3,782

3,497

3,508

3,255

3,117

3,203

3,136

3,144

3,236

3,064

3,101

3,209

3,231

2,810

2,436

Series E Cumulative Redeemable Preferred Stock
Cumulative Redeemable Preferred Stock

115

115

115

115

115

115

115

115

115

115

115

115

115

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series F Cumulative Redeemable Preferred Stock
Cumulative Redeemable Preferred Stock

75

75

75

75

75

75

75

75

75

75

75

75

75

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-