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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME (LOSS) $ 97 $ 2,153
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 25,440 23,167
Equity-based compensation (1,071) 2,306
Bad debt expense 128 91
Amortization of loan costs 2,398 1,639
Write-off of loan costs and exit fees 1,963 0
Amortization of intangibles 93 27
Unrealized (gain) loss on investment in Ashford Inc. (1,528) 633
Realized and unrealized (gain) loss on derivatives 1,269 (6,130)
Equity in (earnings) loss of unconsolidated entity 0 2,587
Deferred tax expense (benefit) (216) 135
Payments for derivatives 0 (114)
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions:    
Accounts receivable and inventories 2,422 (4,624)
Prepaid expenses and other assets (2,358) (3,218)
Accounts payable and accrued expenses 92 14,046
Due to/from related party, net 56 (182)
Due to/from affiliate, net (2,500) 0
Due to/from third-party hotel managers 5,013 (703)
Other liabilities 88 116
Net cash provided by (used in) operating activities 30,604 33,243
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of hotel properties, net of cash and restricted cash acquired (243,666) 0
Proceeds from liquidation of AQUA U.S. Fund 2,289 43,489
Improvements and additions to hotel properties (21,740) (6,947)
Net cash provided by (used in) investing activities (263,117) 36,542
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings on indebtedness 483,500 0
Repayments of indebtedness (335,458) (4,252)
Payments of loan costs and exit fees (9,832) (20)
Payments for derivatives (338) (4)
Purchase of common stock (119) (24,705)
Payments for dividends and distributions (12,058) (7,582)
Issuance of preferred stock 40,169 4,387
Issuance of common stock 66,451 0
Distributions to a noncontrolling interest in a consolidated entity 0 (3,766)
Other 21 19
Net cash provided by (used in) financing activities 232,336 (35,923)
Net change in cash, cash equivalents and restricted cash (177) 33,862
Cash, cash equivalents and restricted cash at beginning of period 164,645 138,174
Cash held for sale at end of period 0 (30)
Restricted cash held for sale at end of period 0 (1,640)
Cash, cash equivalents and restricted cash at end of period 164,468 170,366
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 16,134 19,645
Income taxes paid 929 348
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Common stock purchases accrued but not paid 0 5,457
Dividends and distributions declared but not paid 8,356 4,962
Capital expenditures accrued but not paid 1,498 734
Distributions declared but not paid to a noncontrolling interest in a consolidated entity 1,628 0
Receivable related to liquidation of AQUA U.S. Fund 0 2,289
Accrued common stock offering expense 0 201
Accrued preferred stock offering expenses 0 479
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents at beginning of period 126,790 105,039
Restricted cash at beginning of period 37,855 33,135
Cash, cash equivalents and restricted cash at beginning of period 164,645 138,174
Cash and cash equivalents at end of period 129,675 130,014
Cash and cash equivalents at end of period included in assets held for sale 0 30
Restricted cash at end of period 34,793 40,352
Restricted cash at end of period included in assets held for sale 0 1,640
Cash, cash equivalents and restricted cash at end of period 164,468 172,036
Ashford Trust OP [Member]    
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions:    
Due to/from affiliate, net 489 (513)
Ashford Inc. [Member]    
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions:    
Due to/from affiliate, net $ (1,271) $ 1,827