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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES:    
Net income $ 7,845 $ 28,404
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 50,520 48,778
Foreign currency transaction loss (gain) 703 (178)
Amortization of deferred financing costs and debt discount 2,052 1,996
Loss on disposal of property and equipment 3,343 1,376
Equity-based compensation 1,126 2,109
Deferred income tax benefit (3,122) (50)
Changes in assets and liabilities:    
Accounts receivable, net (1,407) (1,586)
Other assets 1,760 3,208
Accounts payable and accrued liabilities 29,465 17,982
Net cash provided by operating activities 92,285 102,039
INVESTING ACTIVITIES:    
Purchases of property and equipment (34,452) (45,197)
Development in process payments (19,769) (7,982)
Payment for intangible assets (358) (2,109)
Proceeds from insurance and related recoveries 956 156
Net cash used in investing activities (53,623) (55,132)
FINANCING ACTIVITIES:    
Principal payments on term loan facility (1,577) (2,842)
Proceeds from revolving credit facility 399,765 0
Payments of deferred financing costs (17) 0
Principal payments on finance leases (37) (29)
Tax withholdings related to restricted stock unit settlements (815) (1,571)
Repurchase of Corporation common stock and ESH REIT Class B common stock (Paired Shares) (31,093) 0
Corporation common distributions (16,177) (13,334)
ESH REIT common distributions (25,222) (28,562)
Net cash provided by (used in) financing activities 324,827 (46,338)
CHANGES IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH DUE TO CHANGES IN FOREIGN CURRENCY EXCHANGE RATES (150) 31
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 363,339 600
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of period 361,670 303,336
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of period 725,009 303,936
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash payments for interest, excluding modification, prepayment and other penalties, net of capitalized interest of $859 and $313 5,455 12,028
Cash (refunds) payments for income taxes, net of refunds of $18 and $0 (18) 341
Operating cash payments for finance leases 59 61
Operating cash payments for operating leases 714 690
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Capital expenditures included in accounts payable and accrued liabilities 22,400 24,555
Additions to finance lease right-of-use assets and liabilities 364 109
Corporation common distributions included in accounts payable and accrued liabilities 238 274
ESH REIT    
NONCASH INVESTING AND FINANCING ACTIVITIES:    
ESH REIT common distributions included in accounts payable and accrued liabilities $ 387 $ 629