← Sunstone Hotel Investors, 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 — — — — — — $90.8m $206.7m $43.3m $24.6m
Net Income (Loss) Available to Common Stockholders, Basic $117.5m $131.7m $236.4m $122.0m ($417.6m) $13.6m $72.6m $191.7m $27.8m $8.2m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $140.7m $153.0m $259.1m $142.8m ($410.5m) $33.0m $90.8m $206.7m $43.3m $24.6m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $140.7m $146.0m $259.1m $142.8m — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — $7.0m — — — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest $6.5m $7.6m $8.6m $7.1m ($5.8m) ($1.3m) $3.5m — — —
Depreciation and amortization $163.0m $158.6m $146.4m $147.7m $137.1m $128.7m $126.4m $127.1m $124.5m $134.5m
Amortization of Debt Issuance Costs $2.2m $2.4m $2.9m $2.8m $3.1m $2.9m $2.5m $2.7m $3.0m $3.8m
Depreciation, Depletion and Amortization, Nonproduction $163.0m $158.6m $146.4m $147.7m $137.1m $128.7m $126.4m $127.1m $124.5m $134.5m
Amortization of Intangible Assets $3.7m $3.1m $1.6m $79k $41k $63k $492k $464k $1.4m $1.5m
Depreciation $159.9m $156.0m $145.0m $147.7m $137.0m $128.6m $125.8m $126.5m $123.2m $133.0m
Amortization Cash Flow — — — — — — $492k $464k $1.4m $1.5m
Amortization Of Intangibles — — — — — — $492k $464k $1.4m $1.5m
Depreciation Amortization Depletion — — — — — — $126.3m $127.0m $124.5m $134.5m
Deferred Income Tax Expense (Benefit) $0 $9.2m ($1.1m) ($688k) ($7.4m) — — — — —
Deferred Income Tax — — — — — $0 $0 — — —
Deferred Tax — — — — — $0 $0 — — —
Share-based Payment Arrangement, Noncash Expense $7.2m $8.0m $9.0m $9.3m $9.6m $12.8m $10.9m $10.8m $10.5m $8.7m
Payment, Tax Withholding, Share-based Payment Arrangement $2.6m $3.8m $4.2m $4.4m $4.0m $4.9m $3.4m $3.3m $4.2m $4.3m
Operating Lease, Impairment Loss — — — — — — — $0 $0 $0
Asset Impairment Charge — — — — — — $4.4m $372k $474k $445k
Gain (Loss) on Extinguishment of Debt ($284k) ($824k) ($835k) — $6.1m ($57k) ($936k) $9.9m $59k ($180k)
Gain (Loss) on Disposition of Assets $18.4m $52.7m $116.9m $42.9m $34.3m $152.4m $22.9m $123.8m $457k ($8.8m)
Income Tax Expense (Benefit) — ($7.8m) $1.8m ($151k) $6.6m $109k $359k $4.6m ($1.1m) $216k
Interest Expense Nonoperating — — — — — — — — $50.1m $53.0m
Operating Lease, Lease Income — — — $10.8m — — — — — —
Other Nonoperating Income (Expense) — — — — — ($343k) $5.2m $10.5m $13.2m $11.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $8.4m ($3.2m) ($905k) $1.7m ($26.8m) $20.5m $12.7m ($10.6m) $171k ($2k)
Increase (Decrease) in Inventories ($40k) $16k ($117k) — — — — — — —
Accounts Receivable, Credit Loss Expense (Reversal) $618k $730k $815k $361k $384k $323k $964k $372k $474k $445k
Payments of Financing Costs $1.8m $3.5m $4.0m — $4.4m $397k $7.4m $2.3m $1.1m $18.0m
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $18.4m $45.5m $117.0m $42.9m $34.3m $152.5m $22.9m $123.8m $457k ($8.8m)
General and Administrative Expense $26.0m $28.8m $30.2m $30.3m $28.1m $40.3m $35.2m $31.4m $29.1m $31.6m
Goodwill $990k $990k $990k — — — — — — —
Insured Event, Gain (Loss) — — $1.1m — — — $4.4m $3.7m $430k $1.1m
Operating Expenses — — $977.2m $977.8m $661.8m $597.3m $816.2m $867.8m $827.2m $884.4m
Proceeds from Issuance of Redeemable Preferred Stock — — — — — $215.0m — — — —
Beginning Cash Position — — — — — — $162.7m $157.2m $493.7m $180.3m
Cash Flow From Continuing Financing Activities — — — — — — ($49.2m) ($119.7m) ($97.5m) ($127.5m)
Cash Flow From Continuing Investing Activities — — — — — — ($165.7m) $258.1m ($386.3m) ($48.8m)
Change In Account Payable — — — — — — $12.7m ($20.8m) ($6.7m) $2.4m
Change In Accrued Expense — — — — — $3.9m $1.7m — — —
Change In Other Working Capital — — — — — — ($1.4m) ($102k) ($425k) ($625k)
Change In Payable — — — — — — $12.7m ($20.8m) ($6.7m) $2.4m
Change In Payables And Accrued Expense — — — — — — $12.7m ($20.8m) ($6.7m) $2.4m
Change In Prepaid Assets — — — — — — $4.5m ($1.9m) ($2.6m) ($754k)
Change In Receivables — — — — — — ($12.7m) $10.6m ($171k) $2k
Change In Working Capital — — — — — — $3.0m ($12.2m) ($9.9m) $984k
Changes In Account Receivables — — — — — — ($12.7m) $10.6m ($171k) $2k
Changes In Cash — — — — — — ($5.5m) $336.5m ($313.4m) $5.4m
End Cash Position — — — — — — $157.2m $493.7m $180.3m $185.7m
Financing Cash Flow — — — — — — ($49.2m) ($119.7m) ($97.5m) ($127.5m)
Free Cash Flow — — — — — — $209.4m $198.1m $170.4m $181.8m
Gain Loss On Investment Securities — — — — — — ($2.2m) $252k ($540k) $878k
Gain Loss On Sale Of PPE — — — — — — ($22.9m) ($123.8m) ($457k) $8.8m
Investing Cash Flow — — — — — — ($165.7m) $258.1m ($386.3m) ($48.8m)
Issuance Of Capital Stock — — — — — $253.4m $0 $0 — —
Net Business Purchase And Sale — — — — — — — $0 $0 $8.0m
Net Preferred Stock Issuance — — — — — — $0 $0 $0 ($1.3m)
Operating Gains Losses — — — — — — ($24.2m) ($133.5m) ($1.1m) $9.8m
Other Non Cash Items — — — — — — ($1.9m) ($1.0m) $2.6m $2.7m
Preferred Stock Issuance — — — — — $215.0m $0 $0 — —
Preferred Stock Payments — — — — — — $0 $0 $0 ($1.3m)
Repurchase Of Capital Stock — — — — — — ($111.8m) ($59.8m) ($31.4m) ($108.1m)
Sale Of Business — — — — — — — $0 $0 $8.0m
Stock Based Compensation — — — — — — $10.9m $10.8m $10.5m $8.7m
Net Cash Provided by (Used in) Operating Activities $305.4m $310.8m $305.3m $290.9m ($116.7m) $28.4m $209.4m $198.1m $170.4m $181.8m
Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired $2.4m $173.7m — — — — — — — —
Net Investment Properties Purchase And Sale — — — — — — ($361.1m) ($110.1m) ($386.7m) ($104.3m)
Net Investment Purchase And Sale — — — — — ($80k) ($299k) $0 $0 —
Purchase Of Investment — — — — — ($80k) ($299k) $0 $0 —
Purchase Of Investment Properties — — — — — — ($361.1m) ($110.1m) ($386.7m) ($104.3m)
Net Other Investing Changes — — — — — — $195.7m $368.2m $430k $47.5m
Net Cash Provided by (Used in) Investing Activities ($152.2m) ($146.1m) $156.4m ($47.1m) $113.8m ($239.7m) ($165.7m) $258.1m ($386.3m) ($48.8m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $473.6m $225.0m $100.0m $199.6m
Long Term Debt Issuance — — — — — — $473.6m $225.0m $100.0m $199.6m
Net Issuance Payments Of Debt — — — — — — $204.7m $2.9m $25.9m $85.0m
Net Long Term Debt Issuance — — — — — — $204.7m $2.9m $25.9m $85.0m
Net Short Term Debt Issuance — — — — — $0 $0 $0 — —
Short Term Debt Issuance — — — — — $110.0m $230.0m $0 — —
Long Term Debt Payments — — — — — — ($268.9m) ($222.1m) ($74.0m) ($114.6m)
Repayment Of Debt — — — — — — ($268.9m) ($222.1m) ($74.0m) ($114.6m)
Short Term Debt Payments — — — — — ($110.0m) ($230.0m) $0 — —
Proceeds from Issuance of Common Stock $55.1m $79.4m $45.1m — — $38.4m — — — —
Common Stock Issuance — — — — — $38.4m $0 $0 — —
Net Common Stock Issuance — — — — — — ($111.8m) ($59.8m) ($31.4m) ($106.9m)
Payments for Repurchase of Common Stock — — — $50.1m $103.9m — $108.4m $56.4m $27.2m $102.6m
Common Stock Payments — — — — — — ($111.8m) ($59.8m) ($31.4m) ($106.9m)
Proceeds from Noncontrolling Interests — — — — $2.3m $1.4m — — — —
Dividends paid — — — $170.2m $156.3m $13.7m $24.8m $59.8m $91.0m $86.4m
Payments of Dividends — — — $170.2m $156.3m $13.7m $24.8m $59.8m $91.0m $86.4m
Dividends Payable, Current $119.8m $133.9m $126.5m $135.9m $3.2m $3.5m $14.0m — — —
Dividends Payable $119.8m $133.9m $126.5m $135.9m $3.2m $3.5m $14.0m $30.0m $24.1m $23.0m
Cash Dividends Paid — — — — — — ($24.8m) ($59.8m) ($91.0m) ($86.4m)
Net Other Financing Charges — — — — — — ($117.3m) ($3.1m) ($1.1m) ($18.0m)
Net Cash Provided by (Used in) Financing Activities ($282.8m) ($46.2m) ($158.6m) ($241.2m) ($445.9m) ($42.1m) ($49.2m) ($119.7m) ($97.5m) ($127.5m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($137.8m) $121.9m $303.1m $2.6m ($448.8m) ($253.4m) ($5.5m) $336.5m ($313.4m) $5.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($137.8m) $121.9m $862.4m $865.0m $416.1m $162.7m $157.2m $493.7m $180.3m $185.7m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($5.5m) $336.5m ($313.4m) $5.4m
Interest Paid, Excluding Capitalized Interest, Operating Activities $50.1m $41.0m $44.8m $45.3m $40.3m $31.4m $31.7m $49.3m $48.9m $48.8m
Income Taxes Paid, Net $1.2m $1.4m $693k ($395k) ($996k) $35k $709k $1.7m $3.1m ($1.4m)

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