Sunstone Hotel Investors, Inc. (SHO)

Sunstone Hotel Investors Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	192.72	73.04	13.66	-417.52	122.9
Depreciation & Amortization	126.54	125.84	128.62	137.01	147.67
Share-Based Compensation	10.78	10.89	12.79	9.58	9.31
Other Operating Activities	-145.9	-14.64	-147.34	141.4	-1.8
Operating Cash Flow	198.13	209.38	28.37	-116.71	290.92
Operating Cash Flow Growth	-5.37%	638.05%	-	-	-4.71%
Capital Expenditures	254.36	-169.79	-243.61	113.9	-47.15
Acquisitions	0	0	4	0	0
Change in Investments	0	-0.3	-0.08	-0.11	0
Other Investing Activities	3.72	4.37	-	-	-
Investing Cash Flow	258.08	-165.72	-239.69	113.79	-47.15
Dividends Paid	-59.83	-24.82	-13.69	-156.27	-170.17
Share Issuance / Repurchase	-60.18	-111.88	32.78	-107.89	-54.52
Debt Issued / Paid	0.58	197.3	-80.28	-182.08	-7.97
Other Financing Activities	-0.3	-109.76	19.09	0.32	-8.51
Financing Cash Flow	-119.72	-49.17	-42.1	-445.92	-241.17
Net Cash Flow	336.49	-5.51	-253.42	-448.83	2.6
Free Cash Flow	452.49	39.59	-215.24	-2.81	243.77
Free Cash Flow Growth	1042.86%	-	-	-	-47.07%
Free Cash Flow Margin	45.87%	4.34%	-42.27%	-1.05%	21.86%
Free Cash Flow Per Share	2.20	0.19	-0.99	-0.01	1.08

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).