ASHFORD HOSPITALITY TRUST, INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-67.0M | $-46.3M | $270.9M | $-31.4M | $-41.3M | $-53.8M | $2.1M | $-51.7M |
| Depreciation & Amortization | $246.7M | $243.9M | $210.4M | $110.9M | $128.0M | $136.5M | $134.3M | $145.3M |
| Depreciation | $246.0M | $243.6M | $210.1M | $110.6M | $127.5M | $136.0M | $133.5M | $144.9M |
| Amortization | — | — | $-167.0K | $0 | $0 | $89.0K | $89.0K | $89.0K |
| Stock-Based Compensation | $12.3M | $9.7M | $3.5M | $19.2M | $25.5M | $17.4M | $12.4M | $7.1M |
| Net Cash from Operating Activities | $207.4M | $179.7M | $203.6M | $111.3M | $145.5M | $130.6M | $74.6M | $82.6M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | $363.0K | $3.3M | $620.4M | $71.6M | $88.2M | $0 | $0 | $0 |
| Net Cash from Investing Activities | $-63.9M | $-21.9M | $-780.3M | $-207.2M | $-354.0M | $-68.4M | $-47.8M | $-47.5M |
| Financing Activities | ||||||||
| Dividends Paid | $101.6M | $91.5M | $91.3M | $85.4M | $78.8M | $71.6M | $53.3M | — |
| Stock Repurchases | $1.3M | $729.0K | $52.3M | $458.0K | $401.0K | $499.0K | $0 | — |
| Net Cash from Financing Activities | $-163.9M | $-34.2M | $644.6M | $182.2M | $151.4M | $-43.9M | $-76.9M | $17.4M |
| Net Change in Cash | — | $133.0M | $15.0K | $86.3M | $-57.2M | $18.3M | $-50.1M | $52.5M |
| Free Cash Flow | — | — | — | — | — | — | — | — |