← Braemar Hotels & Resorts Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $19.3m ($30.6m) $19.8m ($28.4m)
Net Income (Loss) Attributable to Parent $19.3m $23.0m $1.3m $371k ($105.3m) ($26.7m) $17.8m ($27.0m) ($1.7m) ($22.3m)
Net Income (Loss) Available to Common Stockholders, Basic $15.5m $16.2m ($5.9m) ($9.8m) ($115.5m) ($40.0m) ($10.7m) ($74.0m) ($50.9m) ($72.7m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $24.3m $28.3m $2.6m $1.2m ($124.7m) ($32.9m) $19.3m ($30.6m) $19.8m ($28.4m)
Net Income (Loss) Attributable to Noncontrolling Interest $3.1m — — — — — — — — —
Depreciation and amortization $45.9m $52.3m $57.4m $70.1m $73.4m $73.8m $78.1m $93.3m $98.7m $92.6m
Amortization of Debt Issuance Costs $3.2m $4.9m $4.3m $4.3m $854k — — — — —
Amortization of Debt Issuance Costs and Discounts — — — $4.3m $2.6m $3.4m $2.0m $1.7m $6.9m $10.8m
Amortization of Intangible Assets $314k $301k $549k $651k — — — — — —
Depreciation $45.7m $52.1m $56.8m $69.5m $72.8m $73.0m $78.0m $92.6m $98.2m $92.1m
Amortization Cash Flow — — — — — — $474k $474k $453k $428k
Amortization Of Intangibles — — — — — — $474k $474k $453k $428k
Depreciation Amortization Depletion — — — — — — $78.6m $93.7m $99.2m $93.0m
Deferred Income Tax Expense (Benefit) $1.1m $615k ($807k) $764k ($956k) ($174k) $51k $1.3m ($96k) $1.1m
Deferred Income Tax — — — — — — $51k $1.3m ($96k) $1.1m
Deferred Tax — — — — — — $51k $1.3m ($96k) $1.1m
Share-based Payment Arrangement, Noncash Expense $4.2m ($1.3m) $7.0m $7.9m $7.9m $10.2m $11.3m $9.2m $2.6m ($446k)
Share-based Payment Arrangement, Expense — — $1.8m $2.6m $2.1m $3.3m $5.8m $5.7m $2.2m ($137k)
Operating Lease, Impairment Loss — — — — — — — — — $3.5m
Asset Impairment Charge — — — — — — $838k $915k $318k $54.8m
Income (Loss) from Equity Method Investments ($2.6m) $0 ($234k) ($199k) ($217k) ($252k) ($328k) ($253k) ($1.6m) ($56k)
Income Tax Expense (Benefit) $1.6m ($522k) $2.4m $1.8m ($4.4m) $1.3m $4.0m $2.7m $842k $2.0m
Operating Lease, Expense — $335k $335k — — — — — — —
Earnings (Loss)es From Equity Investments — — — — — — $328k $253k $1.6m $56k
Additional Financial Items
Debt and Equity Securities, Unrealized Gain (Loss) — — — — — $0 $0 ($2.3m) ($684k) $2.7m
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — — — — — $0 $0 ($1.6m)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $26.4m $23.8m $15.7m $25.2m $10.1m — — — — —
Environmental Remediation Expense — $4.9m — — — — — — — —
Gain (Loss) Related to Litigation Settlement — — — — — $917k $114k $0 $0 —
General and Administrative Expense $14.3m $8.1m $4.2m $5.4m $6.7m $8.7m $18.1m $13.5m $14.4m $11.8m
Insured Event, Gain (Loss) — — — — — $481k $0 — — —
Investment Income, Interest $167k $690k $1.6m $1.1m $176k $48k $2.7m $6.4m $7.1m $6.2m
Revenue from Contract with Customer, Including Assessed Tax — — $431.4m $487.6m — — — — — —
Unrealized Gain (Loss) on Derivatives $425k ($2.1m) ($82k) ($1.1m) $5.0m $32k $5.0m $663k ($585k) $355k
Beginning Cash Position — — — — — — $263.4m $315.7m $166.5m $185.1m
Cash Flow From Continuing Financing Activities — — — — — — $345.1m ($156.8m) ($83.8m) ($268.6m)
Cash Flow From Continuing Investing Activities — — — — — — ($402.2m) ($77.1m) $35.5m $209.6m
Change In Other Current Assets — — — — — — $588k $592k $416k $233k
Change In Other Current Liabilities — — — — — — $1.1m $1.2m $2.9m $6.3m
Change In Other Working Capital — — — — — — $11.7m ($422k) ($182k) ($185k)
Change In Payables And Accrued Expense — — — — — — $1.6m $47k $8.5m $5.5m
Change In Prepaid Assets — — — — — — ($501k) ($5.8m) $3.1m ($14.8m)
Change In Receivables — — — — — — ($9.1m) $11.3m $6.3m ($7.4m)
Change In Working Capital — — — — — — $5.4m $6.9m $20.9m ($10.4m)
Changes In Account Receivables — — — — — — ($9.1m) $11.3m $6.3m ($7.4m)
Changes In Cash — — — — — — $52.3m ($149.2m) $18.6m ($18.2m)
End Cash Position — — — — — — $315.7m $166.5m $185.1m $166.8m
Financing Cash Flow — — — — — — $345.1m ($156.8m) ($83.8m) ($268.6m)
Free Cash Flow — — — — — — $109.5m $84.6m $66.8m $35.3m
Gain Loss On Investment Securities — — — — — — ($5.0m) $663k ($88.8m) ($80.9m)
Investing Cash Flow — — — — — — ($402.2m) ($77.1m) $35.5m $209.6m
Issuance Of Capital Stock — — — — — — $278.6m $97.9m $0 $0
Net Business Purchase And Sale — — — — — — ($328k) $0 ($79k) $0
Net Intangibles Purchase And Sale — — — — — — $0 ($75k) $0 $0
Net PPE Purchase And Sale — — — — — — — $0 $0 ($5.5m)
Net Preferred Stock Issuance — — — — — — $278.1m $88.0m ($45.6m) ($76.8m)
Operating Gains Losses — — — — — — ($4.6m) ($1.4m) ($87.1m) ($78.1m)
Other Non Cash Items — — — — — — ($1.4m) $4.6m $11.2m $9.2m
Preferred Stock Issuance — — — — — — $278.6m $97.9m $0 $0
Preferred Stock Payments — — — — — — ($499k) ($9.8m) ($45.6m) ($76.8m)
Purchase Of Business — — — — — — ($328k) $0 ($79k) $0
Purchase Of Intangibles — — — — — — $0 ($75k) $0 $0
Purchase Of PPE — — — — — — $354.4m $0 $0 ($5.5m)
Repurchase Of Capital Stock — — — — — — ($7.9m) ($36.3m) ($46.0m) ($77.7m)
Stock Based Compensation — — — — — — $11.3m $9.2m $2.6m ($446k)
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — — — ($663k) $585k ($355k)
Net Cash Provided by (Used in) Operating Activities $57.1m $70.6m $70.7m $66.3m ($50.3m) $64.0m $109.5m $84.7m $66.8m $40.8m
Cash flows from investing activities:
Capital Expenditure — — — — — — — ($75k) — ($5.5m)
Payments to Acquire Businesses, Net of Cash Acquired $0 $248.2m $185.0m $111.8m $0 $17.6m — — $0 —
Payments to Acquire Investments $0 $0 $2.0m — — — — — — —
Net Investment Properties Purchase And Sale — — — — — — ($403.6m) ($77.1m) $85.0m $169.7m
Net Investment Purchase And Sale — — — — — — $0 ($238k) ($42.3m) $40.7m
Purchase Of Investment — — — — — — $0 ($238k) ($42.3m) $0
Purchase Of Investment Properties — — — — — — ($403.6m) ($77.1m) ($70.6m) ($77.9m)
Sale Of Investment — — — — — — — $0 $0 $40.7m
Sale Of Investment Properties — — — — — — $0 $0 $155.6m $247.6m
Net Other Investing Changes — — — — — — $1.7m $361k ($7.1m) $4.8m
Net Cash Provided by (Used in) Investing Activities $100.3m ($173.9m) ($166.8m) ($226.4m) ($16.5m) ($41.7m) ($402.2m) ($77.1m) $35.5m $209.6m
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 $523.5m $575.0m $329.5m $109.3m $83.2m $170.5m $370.6m $234.0m $403.0m
Issuance Of Debt — — — — — — $170.5m $370.6m $234.0m $403.0m
Long Term Debt Issuance — — — — — — $170.5m $370.6m $234.0m $403.0m
Net Issuance Payments Of Debt — — — — — — $102.0m ($163.7m) $49.9m ($115.3m)
Net Long Term Debt Issuance — — — — — — $102.0m ($163.7m) $49.9m ($115.3m)
Long Term Debt Payments — — — — — — ($68.5m) ($534.3m) ($184.1m) ($518.3m)
Repayment Of Debt — — — — — — ($68.5m) ($534.3m) ($184.1m) ($518.3m)
Proceeds from Issuance of Common Stock $0 $66.4m $0 $0 $13.3m $102.5m $0 $0 $0 $0
Common Stock Issuance — — — — — $102.5m $0 $0 — —
Net Common Stock Issuance — — — — — — ($7.4m) ($26.5m) ($369k) ($899k)
Payments for Repurchase of Common Stock $39.2m $395k $323k $384k $263k $376k $7.4m $19.3m $369k $778k
Payments of Ordinary Dividends, Common Stock $16.9m $27.1m $30.3m $33.4m $16.2m $9.1m $20.8m $52.6m $51.6m $47.3m
Common Stock Payments — — — — — — ($7.4m) ($26.5m) ($369k) ($899k)
Proceeds from Noncontrolling Interests — — — — — $1.2m $164k $9.5m $3.0m $306k
Dividends Payable $5.0m $8.1m $8.5m $9.1m $2.7m $2.2m $8.2m $9.2m $9.3m $7.7m
Cash Dividends Paid — — — — — — ($20.8m) ($52.6m) ($51.6m) ($47.3m)
Proceeds from (Payments for) Other Financing Activities $35k $21k $18k $8k $0 $0 ($499k) — — —
Net Other Financing Charges — — — — — — ($6.9m) ($2.1m) ($36.1m) ($28.3m)
Net Cash Provided by (Used in) Financing Activities ($135.6m) $124.0m $169.2m $32.1m $49.6m $128.0m $345.1m ($156.8m) ($83.8m) ($268.6m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — ($17.2m) $150.2m $52.3m ($149.2m) $18.6m ($18.2m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $26.5m $185.3m $258.5m $130.4m $113.2m $263.4m $315.7m $166.5m $185.1m $166.8m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $52.3m ($149.2m) $18.6m ($18.2m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $43.9m $49.6m $27.9m $31.6m $48.9m $91.6m $102.5m $88.1m
Income Taxes Paid, Net $380k $803k $2.3m ($11k) $140k ($14k) $1.2m $3.4m ($728k) $616k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.