Braemar Hotels & Resorts Inc. (BHR)

Braemar Hotels & Resorts Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-0.53	-1.69	-27.02	17.76	-26.66	-105.26
Depreciation & Amortization	95.8	99.19	93.75	78.6	74.27	74.21
Other Amortization	15.83	13	5.68	-0.67	1.96	3.92
Gain (Loss) on Sale of Assets	-88.17	-88.17	-	-	-	-
Gain (Loss) on Sale of Investments	1.25	-	-	-	-	-
Stock-Based Compensation	0.25	2.61	9.24	11.29	10.18	7.89
Income (Loss) on Equity Investments	1.47	1.61	0.25	0.33	0.25	0.22
Change in Accounts Receivable	-2.56	6.26	11.26	-9.09	-11.04	4.06
Change in Accounts Payable	2.42	8.45	0.05	1.65	35.98	-10.5
Change in Other Net Operating Assets	-1.44	6.23	-4.38	12.85	-13.82	3.07
Other Operating Activities	20.44	19.01	-5.04	-4.07	-7.61	-28.61
Operating Cash Flow	44.86	66.82	84.71	109.48	63.95	-50.29
Operating Cash Flow Growth	-45.89%	-21.12%	-22.63%	71.20%	-	-
Acquisition of Real Estate Assets	-64.39	-70.6	-77.11	-403.59	-43.26	-25.55
Sale of Real Estate Assets	155.58	155.58	-	-	1.82	-
Net Sale / Acq. of Real Estate Assets	91.2	84.99	-77.11	-403.59	-41.44	-25.55
Cash Acquisition	-5.51	-	-	-	-	-
Investment in Marketable & Equity Securities	-18.61	-42.36	-0.24	-0.33	-0.23	-0.03
Other Investing Activities	-4.55	-7.12	0.36	1.7	-	9.04
Investing Cash Flow	62.53	35.51	-77.07	-402.22	-41.68	-16.54
Long-Term Debt Issued	-	234	370.6	170.5	83.23	109.32
Long-Term Debt Repaid	-	-184.1	-534.31	-68.5	-84.22	-47.82
Net Debt Issued (Repaid)	15.72	49.9	-163.71	102	-0.99	61.5
Issuance of Common Stock	-	-	-	-	102.46	13.26
Repurchase of Common Stock	-0.05	-0.37	-19.31	-7.41	-0.38	-0.26
Preferred Stock Issued	-	-	97.86	278.62	36.86	0.47
Preferred Share Repurchases	-75.37	-45.6	-9.82	-0.5	-	-
Common & Preferred Dividends Paid	-49.52	-51.56	-52.56	-20.76	-9.09	-16.15
Total Dividends Paid	-49.52	-51.56	-52.56	-20.76	-9.09	-16.15
Other Financing Activities	-43.54	-36.14	-9.31	-6.89	-0.91	-9.22
Net Cash Flow	-45.37	18.55	-149.19	52.32	150.22	-17.23
Cash Interest Paid	96.88	102.54	91.58	48.9	31.64	27.9
Cash Income Tax Paid	-	-0.73	3.42	1.24	-0.01	0.14
Levered Free Cash Flow	175.1	95.16	86.76	113.86	59.87	-10.32
Unlevered Free Cash Flow	228.84	153.56	142.14	147.23	78.45	16.4
Change in Working Capital	-1.58	20.95	6.93	5.42	11.12	-3.37

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q