Extended stay america, inc. (STAY)
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'13
OPERATING ACTIVITIES:
Net income

144,579

165,138

180,691

203,153

209,065

211,756

212,507

203,065

187,220

172,188

162,186

153,001

164,662

163,352

265,336

266,496

269,915

283,022

178,894

180,854

162,333

150,554

107,172

93,565

84,820

82,656

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

199,142

197,400

197,220

199,610

204,092

209,329

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

0

0

224,332

-

214,850

211,155

206,664

202,531

198,412

193,268

189,689

185,833

181,557

177,102

170,761

166,679

0

0

0

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

0

0

1,340

-

1,341

1,349

1,358

1,366

1,374

1,374

1,374

1,374

1,374

1,374

1,374

1,374

0

0

0

Foreign currency transaction loss (gain)

-481

400

-104

248

-25

-400

-130

0

524

700

1,289

1,213

677

1,576

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on interest rate swap

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency transaction (gain) loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Amortization of deferred financing costs and debt discount

13,743

13,687

13,631

7,986

7,985

8,614

8,643

8,668

8,697

8,097

8,176

21,350

22,020

31,116

32,085

19,560

21,178

12,608

12,841

13,954

18,770

19,597

0

0

0

-

-

-

-

Amortization and write-off of above-market ground leases

-

-

-

-

-

-1,427

-274

-136

-136

-136

-136

-136

-136

-136

-136

-136

-136

-136

-137

-136

-136

-136

-135

-136

-136

-136

0

0

0

Debt modification and extinguishment costs

-

-

-

-

-

-

-

-

-

2,351

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of property and equipment

-8,039

-6,072

-5,833

-6,122

-3,297

-3,413

-3,158

-3,257

-6,628

-8,606

-11,550

-11,756

-11,314

-10,740

-13,228

-12,261

-10,621

-9,299

-3,759

-2,621

-2,663

-3,144

-3,901

-5,345

-5,539

-3,493

0

0

0

Gain on sale of hotel properties, net

-

-

-

-

-

42,478

53,470

49,970

48,073

9,973

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of long-lived assets

-

-

-

-

-

43,600

48,443

48,443

56,377

25,200

27,429

30,185

22,251

9,828

0

0

0

-

-

-

-

-

-

-

-

3,330

0

0

0

Equity-based compensation

5,930

6,913

8,450

8,385

8,024

8,318

4,502

5,411

7,272

7,552

12,414

12,710

12,003

12,000

11,195

11,200

11,064

10,500

9,570

8,832

8,458

8,803

23,953

22,310

21,218

20,168

0

0

0

Deferred income tax benefit

-11,188

-8,116

2,416

5,550

6,454

1,019

-2,159

-4,532

-9,094

963

205

-1,639

-3,004

-25,975

-11,900

-11,622

-7,264

8,709

-19,406

-7,010

-2,634

-520

-764

-11,377

-11,973

-11,554

0

0

0

Changes in assets and liabilities:
Accounts receivable, net

-5,928

-5,749

-2,357

-868

-595

-2,244

-3,586

-1,063

1,160

895

272

-532

987

2,655

1,012

-11,134

-9,224

-8,306

-7,883

4,165

2,982

5,040

4,732

3,274

2,012

2,909

0

0

0

Other assets

709

-739

14,687

14,466

11,944

10,214

231

-6,224

-3,164

3,606

3,825

7,349

-2,966

-1,829

-3,795

-2,414

6,774

2,755

3,892

81

-16,503

821

5,776

11,763

25,882

2,464

0

0

0

Accounts payable and accrued liabilities

20,479

8,996

8,833

14,051

10,124

14,050

15,788

8,047

16,479

7,034

2,966

-1,176

-10,600

-1,427

-384

-6,997

14,917

14,590

28,579

12,691

2,170

2,498

-1,189

23,903

28,202

26,485

0

0

0

Net cash provided by operating activities

390,196

399,950

405,586

425,299

433,154

449,850

458,983

453,196

455,123

446,520

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

399,648

395,833

408,973

428,889

432,389

406,688

400,657

370,485

0

0

0

-

-

-

-

INVESTING ACTIVITIES:
Purchases of property and equipment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

-

-

-

-

-

-

0

0

147,328

-

191,744

208,454

216,863

225,323

230,013

240,583

227,419

204,717

188,505

161,585

158,022

173,239

180,590

179,675

185,806

172,540

0

0

0

Development in process payments

71,457

59,670

48,492

50,622

38,597

34,790

28,414

6,009

4,175

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for intangible assets

7,373

9,124

9,127

9,342

5,155

3,046

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of hotel properties

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of hotel properties

-

-

-

-

-

309,062

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in restricted cash and insurance collateral

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-171,640

-1,612

10,343

11,363

14,971

34,065

35,960

26,151

22,975

-4,857

-11,225

-22,173

0

0

0

Proceeds from insurance and related recoveries

2,285

1,485

2,869

2,739

5,740

6,488

7,364

7,495

4,066

3,302

812

510

821

3,057

4,266

5,983

7,404

5,261

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-258,300

-259,809

-201,919

-75,898

-71,432

106,276

116,408

15,684

71,743

-99,140

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from insurance recoveries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

(Increase) decrease in cash collateral related to insurance reserves

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash (used in) provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

222,149

43,268

46,750

66,289

-192,261

-179,328

-177,878

-182,243

0

0

0

-

-

-

-

Principal payments on mortgage loan

-

-

-

-

-

-

-

-

-

-

-

-

-

1,931,157

2,017,272

519,652

1,020,429

586,892

0

0

0

-

-

-

-

5,865

0

0

0

Principal payments on term loan facility

505,996

507,261

583,735

86,786

86,997

147,215

72,380

72,571

72,761

16,193

12,976

9,734

6,492

366,463

366,463

366,463

366,463

8,537

0

0

0

-

-

-

0

-

-

-

-

Proceeds from revolving credit facility

0

-

-

-

0

-

-

-

-

-

-

-

-

788,000

788,000

788,000

1,288,000

500,000

0

0

0

-

-

-

-

-

-

-

-

Interest proceeds from senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from revolving credit facility

-

-

-

-

-

-

-

-

-

105,000

125,000

175,000

135,000

70,000

75,000

25,000

65,000

90,000

65,000

95,000

138,000

210,000

0

0

0

-

-

-

-

Payments on revolving credit facilities

-

-

-

-

-

-

-

-

-

150,000

150,000

175,000

100,000

25,000

0

0

0

-

-

-

-

230,000

0

0

0

-

-

-

-

Payments of deferred financing costs

0

-

-

-

0

-

-

-

-

-

-

-

-

34,475

33,060

15,516

25,719

11,476

0

0

0

-

-

-

-

9,850

0

0

0

Principal payments on finance leases

125

117

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt modification and extinguishment costs

-

-

-

-

-

-

-

-

-

2,351

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax withholdings related to restricted stock unit settlements

842

1,598

1,598

1,666

1,666

3,989

3,989

4,197

4,197

3,548

3,548

3,403

3,403

2,229

2,229

2,071

2,071

1,105

0

0

0

-

-

-

0

-

-

-

-

Repurchase of Corporation common stock and ESH REIT Class B common stock (Paired Shares)

161,814

130,721

63,200

17,403

50,226

85,405

83,218

76,345

74,378

62,323

129,076

133,519

134,246

139,895

69,600

60,356

28,773

0

0

0

0

-

-

-

-

-

-

-

-

Issuance of Class B common stock related to issuance of Paired Shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Corporation common distributions

70,025

67,182

60,416

52,922

47,337

45,791

51,885

57,791

59,957

56,126

66,623

71,185

65,712

74,153

46,601

32,646

28,676

12,278

0

0

0

-

-

-

-

-

-

-

-

ESH REIT common distributions

99,871

103,211

109,553

115,337

119,270

120,005

112,881

105,809

102,563

102,845

89,558

82,650

85,827

126,058

150,748

161,467

161,910

122,876

122,743

122,524

122,613

108,253

154,131

123,883

94,142

78,400

0

0

0

ESH REIT preferred distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

16

8

16

16

16

24

16

24

16

0

0

0

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-579,475

-370,181

-355,068

-243,180

-152,847

-177,536

-166,170

-127,160

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

289,286

-81,879

-86,922

-274,191

-306,727

-403,607

-326,731

-319,095

-364,124

-302,471

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

CHANGES IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH DUE TO CHANGES IN FOREIGN CURRENCY EXCHANGE RATES

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CHANGES IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH DUE TO CHANGES IN FOREIGN CURRENCY EXCHANGE RATES

-

-

-

-

-

-

0

0

178

-

165

10

-20

-76

7

-21

-113

-83

-206

-358

-198

-215

-76

213

-80

-202

0

0

0

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

421,073

58,334

116,698

75,202

54,915

152,362

248,611

149,881

162,920

45,202

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,329

68,899

100,542

251,915

87,075

49,466

56,411

60,867

-143,081

-86,234

-60,301

-43,125

0

0

0

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash payments for interest, excluding modification, prepayment and other penalties, net of capitalized interest of $859 and $313

101,942

108,515

116,332

117,542

118,307

118,509

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash payments for interest, excluding prepayment and other penalties

-

-

-

-

-

-

-

-

-

-

-

0

117,418

-

118,810

128,973

117,582

120,220

112,757

112,558

123,685

125,258

151,641

171,365

186,352

201,227

0

0

0

Cash (refunds) payments for income taxes, net of refunds of $18 and $0

39,263

39,622

41,127

37,030

38,436

38,577

46,805

51,258

55,245

55,694

54,514

59,084

65,574

78,903

74,655

77,504

69,738

69,825

64,652

67,214

47,789

36,379

27,560

3,372

3,025

233

0

0

0

Operating cash payments for finance leases

240

242

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating cash payments for operating leases

2,803

2,779

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NONCASH INVESTING AND FINANCING ACTIVITIES:
Capital expenditures included in accounts payable and accrued liabilities

21,291

23,446

35,145

35,445

39,750

27,850

16,293

14,903

9,532

12,596

18,444

23,486

22,880

21,912

28,458

21,470

27,125

23,951

17,941

22,914

2,251

15,912

26,811

26,061

40,804

21,241

0

0

0

Additions to finance lease right-of-use assets and liabilities

364

109

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs included in accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

79

1,146

-275

1,020

0

0

0

0

-

-

-

-

-

-

-

-

Net payable related to unsettled RSUs not yet settled or issued included in due to/from Extended Stay America, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ESH REIT
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency transaction (gain) loss

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and write-off of deferred financing costs and debt discount

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and write-off of above-market ground leases

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Sale of Properties, before Applicable Income Taxes

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of Long-Lived Assets Held-for-use

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity-based compensation

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Development in process payments

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for intangible assets

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Sale of Productive Assets

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from insurance and related recoveries

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on term loan facilities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on finance leases

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of Corporation common stock and ESH REIT Class B common stock (Paired Shares)

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of Ordinary Dividends, Common Stock

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash payments for interest, excluding prepayment and other penalties

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash payments for income taxes, net of refunds of $0 and $6

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating cash payments for finance leases

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating cash payments for operating leases

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures included in accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-