Sunstone Hotel Investors Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	18.19	43.26	206.71	87.29	34.3	-404.69
Depreciation & Amortization	132.99	124.51	127.01	126.34	128.68	137.05
Other Amortization	3.61	3.05	2.7	2.49	2.93	3.13
Gain (Loss) on Sale of Assets	8.75	-0.46	-123.82	-22.95	-152.44	-34.3
Asset Writedown	-	-	-	3.47	2.69	146.94
Stock-Based Compensation	8.82	10.46	10.78	10.89	12.79	9.58
Change in Accounts Receivable	4.19	-0.17	10.61	-12.74	-20.52	26.83
Change in Accounts Payable	1.93	-6.66	-20.84	12.74	25.64	4.07
Change in Other Net Operating Assets	-1.66	-3.06	-1.97	3.05	-1.36	-5.88
Other Operating Activities	-1.68	-1.03	-13.41	-2.15	-4.65	0.19
Operating Cash Flow	175.63	170.38	198.13	209.38	28.37	-116.71
Operating Cash Flow Growth	3.75%	-14.01%	-5.37%	638.05%	-	-
Acquisition of Real Estate Assets	-122.1	-386.71	-110.13	-361.08	-427.16	-52.84
Sale of Real Estate Assets	46.35	-	364.49	191.29	183.55	166.74
Net Sale / Acq. of Real Estate Assets	-75.75	-386.71	254.36	-169.79	-243.61	113.9
Other Investing Activities	4.99	0.43	3.72	4.07	3.92	-0.11
Investing Cash Flow	-70.76	-386.28	258.08	-165.72	-239.69	113.79
Short-Term Debt Issued	-	-	-	230	110	300
Long-Term Debt Issued	-	100	225	243.62	-	-
Total Debt Issued	299.6	100	225	473.62	110	300
Short-Term Debt Repaid	-	-	-	-230	-110	-300
Long-Term Debt Repaid	-	-74.05	-222.09	-38.92	-79.88	-149.74
Total Debt Repaid	-187.04	-74.05	-222.09	-268.92	-189.88	-449.74
Net Debt Issued (Repaid)	112.56	25.95	2.91	204.7	-79.88	-149.74
Issuance of Common Stock	-	-	-	-	38.44	-
Repurchase of Common Stock	-105.95	-31.4	-59.75	-111.79	-4.88	-107.89
Preferred Stock Issued	-	-	-	-	215	-
Preferred Share Repurchases	-	-	-	-	-190	-
Preferred Dividends Paid	-	-	-	-	-13.69	-
Common & Preferred Dividends Paid	-87.38	-90.97	-59.83	-24.82	-	-156.27
Total Dividends Paid	-87.38	-90.97	-59.83	-24.82	-13.69	-156.27
Other Financing Activities	-19.09	-1.11	-3.06	-117.26	-7.09	-32.02
Net Cash Flow	5.01	-313.42	336.49	-5.51	-253.42	-448.83
Cash Interest Paid	47.42	48.86	49.3	31.66	31.43	40.31
Cash Income Tax Paid	-	3.14	1.73	0.71	0.04	-1
Levered Free Cash Flow	162.85	140.85	183.67	173.03	44.67	-162.96
Unlevered Free Cash Flow	190.3	169.14	213.27	190.55	61.06	-132.77
Change in Working Capital	4.46	-9.88	-12.2	3.05	3.76	25.01

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.