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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-13.21	19.76	-30.63	19.35	-32.91	-124.68
Depreciation & Amortization	93.46	98.73	93.27	78.12	73.76	73.37
Stock-Based Compensation	-0.1	2.61	9.24	11.29	10.18	7.89
Other Adjustments	14.05	-75.24	5.9	-4.69	1.8	-3.5
Change in Receivables	-6.36	6.26	11.26	-9.09	-11.04	4.06
Changes in Accounts Payable	7.79	8.45	0.05	1.65	35.98	-10.5
Changes in Other Operating Activities	1.04	6.23	-4.38	12.85	-13.82	3.07
Operating Cash Flow	39.09	66.82	84.71	109.48	63.95	-50.29
Operating Cash Flow Growth	-45.62%	-21.12%	-22.63%	71.20%	-	-
Capital Expenditures	-73.08	-70.6	-77.11	-49.15	-25.64	-25.55
Sale of Property, Plant & Equipment	139.28	155.58	-	-	1.82	-
Purchases of Intangible Assets	-	-	-0.08	-	-	-
Purchases of Investments	-	-42.36	-0.24	-0.33	-0.23	-0.03
Proceeds from Sale of Investments	11.88	-	-	-	-	-
Payments for Business Acquisitions	-	-	-	-354.45	-17.62	-
Other Investing Activities	2.14	-7.12	0.36	1.7	-	9.04
Investing Cash Flow	89.34	35.51	-77.07	-402.22	-41.68	-16.54
Long-Term Debt Issued	670.5	234	370.6	170.5	83.23	109.32
Long-Term Debt Repaid	-713.19	-184.1	-534.31	-68.5	-84.22	-47.82
Net Long-Term Debt Issued (Repaid)	-42.69	49.9	-163.71	102	-0.99	61.5
Issuance of Common Stock	-	-	-	-	102.46	0.47
Repurchase of Common Stock	-0.75	-0.37	-19.31	-7.41	-0.38	-
Net Common Stock Issued (Repurchased)	-0.75	-0.37	-19.31	-7.41	102.09	0.47
Issuance of Preferred Stock	-	-	97.86	278.62	36.86	-16.15
Repurchase of Preferred Stock	-68.46	-45.6	-9.82	-0.5	-	-2.64
Net Preferred Stock Issued (Repurchased)	-68.46	-45.6	88.04	278.12	36.86	-18.79
Common Dividends Paid	-48.44	-51.56	-52.56	-20.76	-9.09	-0.26
Other Financing Activities	-10.05	-36.14	-9.31	-6.89	-0.91	6.68
Financing Cash Flow	-181.6	-83.77	-156.84	345.06	127.95	49.6
Net Cash Flow	-53.18	18.55	-149.19	52.32	150.22	-17.23
Free Cash Flow	-33.99	-3.78	7.6	60.34	38.31	-75.84
Free Cash Flow Growth	-	-	-87.41%	57.51%	-	-
FCF Margin	-4.78%	-0.52%	1.03%	9.01%	8.96%	-33.41%
Free Cash Flow Per Share	-0.51	-0.06	0.12	0.87	0.73	-2.23
Levered Free Cash Flow	-73.12	41.77	-225.93	134.78	29.27	-13.6
Unlevered Free Cash Flow	121.67	166.31	79.43	100.05	71.78	-36.74

Updated Nov 7, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q