Braemar Hotels & Resorts Inc. (BHR)
NYSE: BHR · Real-Time Price · USD
1.650
+0.020 (1.23%)
At close: Nov 11, 2026, 4:00 PM EST
1.670
+0.020 (1.21%)
After-hours: Nov 11, 2026, 7:30 PM EST
Braemar Hotels & Resorts Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -242.12 | -22.32 | -1.69 | -27.02 | 17.76 | -26.66 |
Depreciation & Amortization | 83.59 | 93.01 | 99.19 | 93.75 | 78.6 | 74.27 |
Other Amortization | 11.12 | 12.67 | 13 | 5.68 | -0.67 | 1.76 |
Gain (Loss) on Sale of Assets | -319.15 | -82.8 | -88.17 | - | - | - |
Gain (Loss) on Sale of Investments | 0.32 | 1.57 | - | - | - | - |
Asset Writedown | 54.49 | 54.49 | - | - | - | - |
Stock-Based Compensation | -0.43 | -0.45 | 2.61 | 9.24 | 11.29 | 10.18 |
Income (Loss) on Equity Investments | 0.09 | 0.06 | 1.61 | 0.25 | 0.33 | 0.25 |
Change in Accounts Receivable | -1.56 | -7.37 | 6.26 | 11.26 | -9.09 | -11.04 |
Change in Accounts Payable | 37.92 | 5.53 | 8.45 | 0.05 | 1.65 | 35.98 |
Change in Other Net Operating Assets | 195.35 | -8.54 | 6.23 | -4.38 | 12.85 | -13.82 |
Other Operating Activities | -27.01 | -5.43 | 19.01 | -5.04 | -4.07 | -7.41 |
Operating Cash Flow | -206.93 | 40.78 | 66.82 | 84.71 | 109.48 | 63.95 |
Operating Cash Flow Growth | - | -38.97% | -21.12% | -22.63% | 71.20% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Acquisition of Real Estate Assets | -46.14 | -83.41 | -70.6 | -77.11 | -403.59 | -43.26 |
Sale of Real Estate Assets | 868.86 | 247.57 | 155.58 | - | - | 1.82 |
Net Sale / Acq. of Real Estate Assets | 822.73 | 164.16 | 84.99 | -77.11 | -403.59 | -41.44 |
Investment in Marketable & Equity Securities | 22.92 | 40.71 | -42.36 | -0.24 | -0.33 | -0.23 |
Other Investing Activities | 2.58 | 4.77 | -7.12 | 0.36 | 1.7 | - |
Investing Cash Flow | 848.22 | 209.63 | 35.51 | -77.07 | -402.22 | -41.68 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 403 | 234 | 370.6 | 170.5 | 83.23 |
Long-Term Debt Repaid | - | -518.28 | -184.1 | -534.31 | -68.5 | -84.22 |
Net Debt Issued (Repaid) | -547.98 | -115.28 | 49.9 | -163.71 | 102 | -0.99 |
Issuance of Common Stock | - | - | - | - | - | 102.46 |
Repurchase of Common Stock | - | -0.78 | -0.37 | -19.31 | -7.41 | -0.38 |
Preferred Stock Issued | - | - | - | 97.86 | 278.62 | 36.86 |
Preferred Share Repurchases | -55.87 | -76.78 | -45.6 | -9.82 | -0.5 | - |
Common & Preferred Dividends Paid | -36.98 | -47.34 | -51.56 | -52.56 | -20.76 | -9.09 |
Total Dividends Paid | -36.98 | -47.34 | -51.56 | -52.56 | -20.76 | -9.09 |
Other Financing Activities | -16.35 | -28.46 | -36.14 | -9.31 | -6.89 | -0.91 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -15.88 | -18.22 | 18.55 | -149.19 | 52.32 | 150.22 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Levered Free Cash Flow | -41.58 | 60.44 | 98.98 | 88.94 | 113.96 | 59.67 |
Unlevered Free Cash Flow | -2.24 | 109.36 | 153.56 | 142.14 | 147.23 | 78.45 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 74.11 | 88.13 | 102.54 | 91.58 | 48.9 | 31.64 |
Cash Income Tax Paid | 1.78 | 0.62 | -0.73 | 3.42 | 1.24 | -0.01 |
Change in Working Capital | 231.65 | -10.38 | 20.95 | 6.93 | 5.42 | 11.12 |