Braemar Hotels & Resorts Inc. (BHR)

Braemar Hotels & Resorts Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-21.05	-28.41	19.76	-30.63	19.35	-32.91
Depreciation & Amortization	91.76	92.58	98.73	93.27	78.12	73.76
Stock-Based Compensation	-0.4	-0.45	2.61	9.24	11.29	10.18
Other Adjustments	-28.44	-12.57	-75.24	5.9	-4.69	1.8
Change in Receivables	-2.62	-7.37	6.26	11.26	-9.09	-11.04
Changes in Accounts Payable	11.89	5.53	8.45	0.05	1.65	35.98
Changes in Other Operating Activities	-1.62	-8.54	6.23	-4.38	12.85	-13.82
Operating Cash Flow	47.58	40.78	66.82	84.71	109.48	63.95
Operating Cash Flow Growth	3.61%	-38.97%	-21.12%	-22.63%	71.20%	-
Capital Expenditures	-77.42	-83.41	-70.6	-77.11	-49.15	-25.64
Sale of Property, Plant & Equipment	108.24	247.57	155.58	-	-	1.82
Purchases of Intangible Assets	-	-	-	-0.08	-	-
Purchases of Investments	-	-	-42.36	-0.24	-0.33	-0.23
Proceeds from Sale of Investments	28.89	40.71	-	-	-	-
Payments for Business Acquisitions	-	-	-	-	-354.45	-17.62
Other Investing Activities	3.8	4.77	-7.12	0.36	1.7	-
Investing Cash Flow	211.96	209.63	35.51	-77.07	-402.22	-41.68
Long-Term Debt Issued	40	403	234	370.6	170.5	83.23
Long-Term Debt Repaid	-153.1	-518.28	-184.1	-534.31	-68.5	-84.22
Net Long-Term Debt Issued (Repaid)	-113.1	-115.28	49.9	-163.71	102	-0.99
Issuance of Common Stock	-	-	-	-	-	102.46
Repurchase of Common Stock	-0.75	-0.78	-0.37	-19.31	-7.41	-0.38
Net Common Stock Issued (Repurchased)	-0.75	-0.78	-0.37	-19.31	-7.41	102.09
Issuance of Preferred Stock	-	-	-	97.86	278.62	36.86
Repurchase of Preferred Stock	-67.61	-76.78	-45.6	-9.82	-0.5	-
Net Preferred Stock Issued (Repurchased)	-67.61	-76.78	-45.6	88.04	278.12	36.86
Common Dividends Paid	-46.26	-47.34	-51.56	-52.56	-20.76	-9.09
Other Financing Activities	-2.67	-28.46	-36.14	-9.31	-6.89	-0.91
Financing Cash Flow	-247.03	-268.63	-83.77	-156.84	345.06	127.95
Net Cash Flow	12.51	-18.22	18.55	-149.19	52.32	150.22
Free Cash Flow	-29.84	-42.64	-3.78	7.6	60.34	38.31
Free Cash Flow Growth	-	-	-	-87.41%	57.51%	-
FCF Margin	-4.28%	-6.06%	-0.52%	1.03%	9.01%	8.96%
Free Cash Flow Per Share	-0.39	-0.63	-0.06	0.12	0.87	0.73
Levered Free Cash Flow	-153.74	-181.83	41.77	-225.93	134.78	29.27
Unlevered Free Cash Flow	107.45	83.94	166.31	79.43	100.05	71.78

Updated May 7, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q