Sotherly hotels inc. (SOHOB)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income (loss)

1,175

-608

29

900

6,397

-738

-4,473

-5,327

-6,475

-3,252

-

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Net loss

-

-

-

-

-

-

-

-

-

-

-3,010

Depreciation and amortization

21,637

20,884

16,999

15,019

13,591

11,969

8,467

8,661

8,702

8,506

8,420

Gain on change in control

-

-

-

-

6,603

-

-

-

-

-

-

Equity income in joint venture

-

-

-

-

475

307

449

172

-60

16

-249

Loss on disposal of assets

-

-

-

-

-

-

-

-

-128

-171

-42

Impairment of investment in hotel properties

-

-

-

-

500

3,175

611

-

-

-

-

Impairment of note receivable

-

-

-

-

-

-

-

110

-

-

-

Unrealized gain on hedging activities

-

-

-

-

-

-

-

-

72

700

1,220

Realized and unrealized loss on warrant derivative

-

-

-

-

-

-

-2,205

-2,026

-1,309

-

-

Amortization of deferred financing costs

789

1,020

776

1,147

1,300

1,428

1,518

1,971

1,106

1,308

759

Amortization of mortgage premium

24

24

24

24

18

-

-

-

-

-

-

Gain on exercise of development right

3,940

-

-

-

-

-

-

-

-

-

-

Gain on involuntary conversion of assets

293

917

2,242

0

0

-

-

-

-

-

-

Unrealized loss on hedging activities

-1,177

-808

-28

-37

-108

-

-

-

-

-

-

Loss on disposal of assets

-123

-511

-1,413

-365

-

-

-

-

-

-

-

Loss (gain) on disposal of assets

-

-

-

-

41

-

-

-

-

-

-

Loss on early extinguishment of debt

-1,152

-753

-1,178

-1,417

-772

-

-2,040

-

-

-

-

Paid-in-kind interest

-

-

-

-

-

-

186

387

353

-

-

ESOP and share / unit - based compensation

385

379

347

211

285

245

323

110

74

254

134

Changes in assets and liabilities:
Restricted cash

-

-

-

-

-584

92

173

-377

-129

682

-404

Accounts receivable

-1,954

885

1,492

56

2,021

-369

-58

-212

-165

243

272

Prepaid expenses, inventory and other assets

162

-1,620

2,780

334

623

1,677

-116

-122

-380

371

514

Deferred income taxes

280

-319

-1,498

1,558

1,780

1,961

-1,370

-1,412

-685

-174

1,929

Accounts payable and other accrued liabilities

-1,364

1,148

1,244

-35

-1,001

2,338

-3

-1,072

1,074

-443

95

Advance deposits

-29

1,020

-743

663

-

-

-

-

-

-

-

Advance deposits

-

-

-

-

431

89

-33

172

-102

8

1

Accounts receivable - affiliate

-160

-131

389

-222

28

-12

129

-16

-30

-15

-21

Net cash provided by operating activities

-

-

-

-

11,377

14,851

9,594

-

-

-

-

Net cash provided by operating activities

22,460

26,163

15,843

17,976

-

-

-

9,011

7,550

4,728

3,182

Cash flows from investing activities:
Acquisitions of hotel properties

6,346

79,732

3,986

-

25,525

61,106

30,725

-

-

-

-

Improvements and additions to hotel properties

12,661

22,104

23,155

14,912

20,136

9,801

4,906

2,908

5,979

2,886

12,792

Funding of restricted cash reserves

-

-

-

-

4,973

3,692

2,195

1,983

2,347

1,956

1,205

Proceeds of restricted cash reserves

-

-

-

-

6,376

2,583

1,653

1,215

1,733

1,134

2,672

Proceeds from sale of hotel property

-

-

5,434

-

-

-

-

-

-

-

-

Distributions from joint venture

-

-

-

-

600

750

6,646

500

437

238

318

Proceeds from involuntary conversion

293

917

2,275

-

-

-

-

-

-

-

-

Proceeds from insurance conversion

-

-

-

-

124

-

-

-

-

-

-

Proceeds from involuntary conversion of assets

-

-

-

-

-

169

-

-

-

-

-

Proceeds from the disposal of assets

4

20

105

213

2,402

-

-

19

26

-

-

Proceeds of mortgage debt

-

-

-

-

-

48,600

-

-

-

-

-

Payment of issuance costs related to the sale of common stock

-

-

-

-

-

-

-

-

-

-

257

Proceeds of redeemable preferred stock

-

-

-

-

-

-

-

-

25,000

-

-

Proceeds of unsecured notes

-

-

-

-

-

-

27,600

-

-

-

-

Net cash used in investing activities

-18,709

-100,899

-19,326

-14,699

-

-

-

-3,156

-6,130

-3,469

-11,007

Cash flows from financing activities:
Net cash used in investing activities

-

-

-

-

-41,132

-71,096

-29,527

-

-

-

-

Proceeds of mortgage debt

-

175,800

40,500

102,700

127,000

-

-

-

-

-

-

Proceeds from mortgage loan receivable

-

-

-

2,600

-

-

-

-

-

-

-

Proceeds of unsecured debt

-

25,000

-

-

-

25,300

-

-

-

-

-

Proceeds from loans

-

-

-

-

-

19,000

-

-

5,000

-

-

Proceeds from the sale of common operating units

-

-

-

-

-

-

153

-

-

-

-

Proceeds from issuance of common stock, net

-

574

-

-

23,250

124

-

-

-

-

3,412

Proceeds from issuance of preferred stock, net

33,066

1,005

30,488

37,766

-

-

-

-

-

-

-

Proceeds of loans

-

-

-

-

-

-

-

-

-

-

4,750

Proceeds from line of credit

-

-

-

-

-

-

-

-

-

-

6,300

Payments on line of credit

-

-

-

-

-

-

-

25,537

49,660

325

3,965

Proceeds from mortgage loan receivable

-

-

-

-

-

-

29,367

58,300

27,700

-

743

Redemption of unsecured notes

25,000

-

25,300

27,600

-

-

-

-

-

-

-

Payments on mortgage loans

6,633

107,237

25,990

89,619

120,154

24,171

8,703

22,033

5,953

730

398

Settlement or repurchased of common stock / units

-

-

3,708

2,061

-

-

-

-

-

-

-

Payments of deferred financing costs

106

3,816

837

1,796

1,377

-

-

-

-

-

-

Funding of ESOP stock purchase

-

-

4,874

-

-

-

-

-

-

-

-

Dividends on common stock and distributions paid

7,859

6,319

5,945

-

-

-

-

-

-

-

-

Payment of deferred financing costs

-

-

-

-

-

2,637

2,684

1,102

1,823

665

775

Dividends and distributions paid

-

-

-

5,851

4,103

2,686

1,823

1,167

258

-

-

Preferred dividends paid

7,102

5,829

3,781

339

-

-

-

-

-

-

-

Redemption of redeemable preferred stock

-

-

-

-

-

-

14,413

11,513

-

-

-

Dividends and distributions paid

-

-

-

-

-

-

-

-

-

-

214

Redemption of units in Operating Partnership

-

-

-

-

-

25

32

36

7

35

-

Redemption of warrants

-

-

-

-

-

-

7,175

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

24,614

63,503

22,133

-

-

-

-

Net cash (used in) provided by financing activities

-13,635

79,174

549

15,798

-

-

-

-3,090

-2

-1,756

9,595

Net (decrease) increase in cash, cash equivalents and restricted cash

-9,884

4,439

-2,933

19,075

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-5,140

7,257

2,200

2,765

1,417

-497

1,771

Supplemental disclosures:
Cash paid during the period for interest

19,262

18,325

15,253

16,881

-

-

-

-

-

-

-

Cash paid (received) during the period for income taxes

-76

173

162

-

-

-

-

-

-

-

-

Cash paid during the period for interest

-

-

-

-

15,415

13,766

10,423

10,412

8,705

8,870

9,137

Cash paid during the period for income taxes

-

-

-

192

570

263

143

117

48

21

109

Non-cash investing and financing activities:
Mortgage debt proceeds receivable and related loan costs

-

-

-

-

2,704

-

-

-

-

-

-

Assumption of mortgage loan on Crowne Plaza Hollywood Beach Resort acquisition

-

-

-

-

57,000

-

-

-

-

-

-

Assumption of loan amount premium on the Crowne Plaza Hollywood Beach Resort assumed loan

-

-

-

-

246

-

-

-

-

-

-

Settlement for repurchase of common stock in accounts payable and accrued liabilities

-

-

125

1,103

-

-

-

-

-

-

-

Deficiency of fair value of interest rate swap to cost

-

294

-

-

-

-

-

-

-

-

-

Change in amount of deferred financing and deferred offering costs in accounts payable and accrued liabilities

-

-

-

-

624

375

248

-

-

-

-

Change in amount of improvements to hotel property in accounts payable and accrued liabilities

347

222

151

431

601

1,108

195

-

-

-

-

Initial recognition of non-cash operating lease right of use assets

4,414

-

-

-

-

-

-

-

-

-

-

Initial recognition of non-cash operating lease obligations

4,414

-

-

-

-

-

-

-

-

-

-

Change in amount of non-controlling interest and additional paid-in-capital

-

867

-

-

-

-

-

-

-

-

-

Sotherly Hotels LP [Member]
Net income (loss)

1,175

-608

29

900

-

-

-

-

-

-

-

Depreciation and amortization

21,637

20,884

16,999

15,019

-

-

-

-

-

-

-

Amortization of deferred financing costs

789

1,020

776

1,147

-

-

-

-

-

-

-

Amortization of mortgage premium

24

24

24

24

-

-

-

-

-

-

-

Gain on exercise of development right

3,940

-

-

-

-

-

-

-

-

-

-

Gain on involuntary conversion of assets

293

917

2,242

-

-

-

-

-

-

-

-

Unrealized loss on hedging activities

-1,177

-808

-28

-37

-

-

-

-

-

-

-

Loss on disposal of assets

-123

-511

-1,413

-365

-

-

-

-

-

-

-

Loss on early extinguishment of debt

-1,152

-753

-1,178

-1,417

-

-

-

-

-

-

-

ESOP and share / unit - based compensation

451

462

309

211

-

-

-

-

-

-

-

Accounts receivable

-1,954

885

1,492

56

-

-

-

-

-

-

-

Prepaid expenses, inventory and other assets

162

-1,620

2,780

334

-

-

-

-

-

-

-

Deferred income taxes

280

-319

-1,498

1,558

-

-

-

-

-

-

-

Accounts payable and other accrued liabilities

-1,364

1,148

1,244

-35

-

-

-

-

-

-

-

Advance deposits

-29

1,020

-743

663

-

-

-

-

-

-

-

Accounts receivable - affiliate

-160

-131

389

-222

-

-

-

-

-

-

-

Net cash provided by operating activities

22,526

26,246

15,805

17,976

-

-

-

-

-

-

-

Acquisitions of hotel properties

6,346

79,732

3,986

-

-

-

-

-

-

-

-

Improvements and additions to hotel properties

12,661

22,104

23,155

14,912

-

-

-

-

-

-

-

Proceeds from sale of hotel property

-

-

5,434

-

-

-

-

-

-

-

-

ESOP loan advances

-

-

4,874

-

-

-

-

-

-

-

-

ESOP loan payments received

236

204

223

-

-

-

-

-

-

-

-

Proceeds from involuntary conversion

293

917

2,275

-

-

-

-

-

-

-

-

Proceeds from the disposal of assets

4

20

105

213

-

-

-

-

-

-

-

Net cash used in investing activities

-18,472

-100,694

-23,977

-14,699

-

-

-

-

-

-

-

Proceeds of mortgage debt

-

175,800

40,500

102,700

-

-

-

-

-

-

-

Proceeds from mortgage loan receivable

-

-

-

2,600

-

-

-

-

-

-

-

Proceeds of unsecured debt

-

25,000

-

-

-

-

-

-

-

-

-

Proceeds from issuance of general and limited partnership units, net

-

574

-

-

-

-

-

-

-

-

-

Proceeds from issuance of preferred partnership units, net

33,066

1,005

30,488

-

-

-

-

-

-

-

-

Proceeds from issuance of preferred stock / units, net

-

-

-

37,766

-

-

-

-

-

-

-

Redemption of unsecured notes

25,000

-

25,300

27,600

-

-

-

-

-

-

-

Payments on mortgage loans

6,633

107,237

25,990

89,619

-

-

-

-

-

-

-

Settlement or repurchased of common stock / units

-

-

3,708

2,061

-

-

-

-

-

-

-

Payments of deferred financing costs

106

3,816

837

1,796

-

-

-

-

-

-

-

Dividends and distributions paid

-

-

-

5,851

-

-

-

-

-

-

-

Preferred dividends paid

-

-

-

339

-

-

-

-

-

-

-

Distributions on general and limited partnership interests

8,161

6,607

6,131

-

-

-

-

-

-

-

-

Distributions on preferred partnership interests

7,102

5,829

3,781

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-13,938

78,887

5,238

15,798

-

-

-

-

-

-

-

Net (decrease) increase in cash, cash equivalents and restricted cash

-9,884

4,439

-2,933

19,075

-

-

-

-

-

-

-

Cash paid during the period for interest

19,259

18,318

15,253

16,881

-

-

-

-

-

-

-

Cash paid (received) during the period for income taxes

-76

173

162

-

-

-

-

-

-

-

-

Cash paid during the period for income taxes

-

-

-

192

-

-

-

-

-

-

-

Deficiency of fair value of interest rate swap to cost

-

294

-

-

-

-

-

-

-

-

-

Settlement or repurchase of common units in accounts payable and accrued liabilities

-

-

125

1,103

-

-

-

-

-

-

-

Change in amount of improvements to hotel property in accounts payable and accrued liabilities

347

222

151

431

-

-

-

-

-

-

-

Initial recognition of non-cash operating lease right of use assets

4,414

-

-

-

-

-

-

-

-

-

-

Initial recognition of non-cash operating lease obligations

4,414

-

-

-

-

-

-

-

-

-

-