Sunstone Hotel Investors, Inc.SHO
| Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
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Net Income | 81 | 50 | 70 | 88 | 356 | 141 | 153 | 259 | 143 | -411 | 33 | 91 | 207 |
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Bad debt expense | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 0 |
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Gain on sale of assets | - | - | - | - | -1 | 18 | 53 | 117 | 43 | 34 | 152 | 23 | 124 |
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(Gain) loss on extinguishment of debt, net | 18 | -0 | -0 | -5 | -3 | -0 | -1 | -1 | - | 6 | -0 | -1 | 10 |
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Noncash interest on derivatives and finance lease obligation, net | - | - | - | - | - | - | 3 | -1 | 6 | 5 | -3 | -2 | - |
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Noncash interest on derivatives, net | - | - | - | - | - | - | - | - | - | - | - | - | -0 |
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Depreciation | 119 | 128 | 132 | 153 | 160 | 160 | 156 | 145 | 148 | 137 | 129 | 126 | 127 |
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Amortization of Intangible Assets | 15 | 20 | 10 | 8 | 6 | 4 | 3 | 2 | 0 | 0 | 0 | 0 | 0 |
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Amortization of deferred financing costs | - | - | - | - | - | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 3 |
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Share-based Compensation | 3 | 3 | 5 | 6 | 7 | 7 | 8 | 9 | 9 | 10 | 13 | 11 | 11 |
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Impairment losses | - | - | - | - | - | - | 40 | 1 | 25 | 147 | 3 | 3 | - |
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Gain on hurricane-related damage | - | - | - | - | - | - | - | 1 | - | - | - | 4 | 4 |
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Deferred income taxes, net | - | - | - | - | - | - | -9 | 1 | 1 | 7 | - | - | - |
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Accounts receivable | 4 | -5 | -2 | 2 | -2 | 8 | -3 | -1 | 2 | -27 | 21 | 13 | -11 |
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Prepaid expenses and other assets | -3 | 8 | -3 | -3 | -1 | -1 | 2 | -0 | 1 | -4 | 0 | -4 | 2 |
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Accounts payable and other liabilities | - | - | - | - | - | 0 | -1 | 3 | 3 | 4 | 22 | 11 | -21 |
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Accrued payroll and employee benefits | 2 | 3 | -2 | 2 | -8 | -0 | 1 | -2 | 0 | -8 | 4 | 2 | - |
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Operating lease right-of-use assets and obligations | - | - | - | - | - | - | - | - | -1 | -1 | -1 | -1 | -0 |
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Operating lease right-of-use assets and obligations | - | - | - | - | - | - | - | - | -1 | -1 | -1 | -1 | -0 |
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Net cash provided by operating activities | 156 | 171 | 171 | 279 | 300 | 305 | 311 | 305 | 291 | -117 | 28 | 209 | 198 |
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Proceeds from sale of assets | 45 | 46 | 196 | 0 | 565 | 42 | 150 | 348 | 50 | 167 | 184 | 191 | 364 |
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Disposition deposit | - | - | - | - | - | 0 | - | - | - | - | 4 | - | - |
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Acquisitions of hotel properties and other assets | - | - | - | - | - | - | - | - | 1 | 1 | 363 | 233 | - |
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Proceeds from property insurance | - | - | - | - | - | - | - | 1 | - | - | - | 4 | 4 |
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Renovations and additions to hotel properties and other assets | 100 | 109 | 118 | 126 | 164 | 182 | 115 | 159 | 96 | 51 | 64 | 129 | 110 |
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Payment for interest rate derivative | 1 | - | 0 | - | 0 | - | 0 | - | - | 0 | 0 | 0 | - |
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Net cash provided by (used in) investing activities | -249 | -194 | -371 | -407 | 399 | -152 | -146 | 156 | -47 | 114 | -240 | -166 | 258 |
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Acquisition of noncontrolling interest, including transaction costs | - | - | - | - | - | - | - | - | - | - | - | 104 | 0 |
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Proceeds from preferred stock offerings | - | - | - | - | - | - | - | - | - | - | 215 | - | - |
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Preferred Stock | - | - | - | - | - | - | - | - | - | - | 7 | - | - |
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Common Stock | - | - | - | - | - | - | 2 | 1 | - | - | 1 | 0 | 0 |
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Payment of stock issuance costs | - | - | 1 | 1 | - | 1 | 1 | 1 | - | - | - | - | - |
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Redemptions of preferred stock | - | - | 276 | - | - | 115 | - | - | - | - | 190 | - | - |
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Proceeds from common stock offerings | - | - | - | - | - | - | 79 | 45 | - | - | 38 | - | - |
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Repurchases of outstanding common stock | - | - | - | - | - | - | - | - | 50 | 104 | - | 108 | 56 |
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Repurchases of common stock for employee tax obligations | - | - | - | - | - | 3 | 4 | 4 | 4 | 4 | 5 | 3 | 3 |
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Proceeds from credit facility | - | - | - | - | - | - | - | - | - | 300 | 110 | 230 | - |
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Payment on credit facility | - | - | - | - | - | - | - | - | - | 300 | 110 | 230 | - |
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Proceeds from notes payable | - | - | - | - | - | 100 | 460 | 65 | - | - | - | 244 | 225 |
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Payments on notes payable | - | - | - | - | - | 266 | 406 | 73 | 8 | 150 | 80 | 39 | 222 |
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Payments of costs related to extinguishment of debt | - | - | 3 | 4 | 1 | 0 | 0 | 0 | - | 28 | - | - | - |
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Payments of deferred financing costs | 9 | 1 | 0 | 2 | 6 | 2 | 4 | 4 | - | 4 | 0 | 7 | 2 |
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Payments of deferred financing costs | 9 | 1 | 0 | 2 | 6 | 2 | 4 | 4 | - | 4 | 0 | 7 | 2 |
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Dividends and distributions paid | - | - | - | - | - | - | - | - | 170 | 156 | 14 | 25 | 60 |
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Dividends and distributions paid | - | - | - | - | - | - | - | - | 170 | 156 | 14 | 25 | 60 |
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Distribution to noncontrolling interest | - | - | - | - | - | - | - | - | 9 | 2 | - | 6 | - |
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Distribution to noncontrolling interest | - | - | - | - | - | - | - | - | 9 | 2 | - | 6 | - |
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Proceeds From Minority Shareholders | - | - | - | - | - | - | - | - | - | 2 | 1 | - | - |
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Proceeds From Minority Shareholders | - | - | - | - | - | - | - | - | - | 2 | 1 | - | - |
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Net cash used in financing activities | -33 | 30 | 147 | 246 | -422 | -283 | -46 | -159 | -241 | -446 | -42 | -49 | -120 |
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Net cash used in financing activities | -33 | 30 | 147 | 246 | -422 | -283 | -46 | -159 | -241 | -446 | -42 | -49 | -120 |
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Net increase (decrease) in cash and cash equivalents and restricted cash | - | - | - | - | - | - | - | 303 | 3 | -449 | -253 | -6 | 336 |
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Net increase (decrease) in cash and cash equivalents and restricted cash | - | - | - | - | - | - | - | 303 | 3 | -449 | -253 | -6 | 336 |
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Cash paid for interest | 76 | 78 | 72 | 70 | 64 | 50 | 41 | 45 | 45 | 40 | 31 | 32 | 49 |
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Cash paid for income taxes, net | - | - | - | - | - | 1 | 1 | 1 | -0 | -1 | 0 | 1 | 2 |
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Operating cash flows used for operating leases | - | - | - | - | - | - | - | - | - | 10 | 7 | 7 | 6 |
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Changes in operating lease right-of-use assets | - | - | - | - | - | - | - | - | - | -3 | -4 | -4 | -4 |
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Changes in operating lease obligations | - | - | - | - | - | - | - | - | - | -5 | -5 | -5 | -5 |
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Changes in operating lease right-of-use assets and lease obligations, net | - | - | - | - | - | - | - | - | -1 | -1 | -1 | -1 | -0 |
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Accrued renovations and additions to hotel properties and other assets | 8 | 6 | 8 | 9 | 8 | 6 | - | - | 10 | 3 | 9 | 10 | 10 |
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Disposition deposit received in prior year in connection with sale of hotel | - | - | - | - | - | - | - | - | - | - | - | 4 | - |
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Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | - | - | - | - | - | - | - | - | - | - | 1 | - | 2 |
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Assignment of operating lease obligation in connection with sale of hotel | - | - | - | - | - | - | - | - | -12 | - | - | - | - |
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Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | - | - | - | - | - | - | - | - | - | - | 1 | - | 2 |
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Assignment of operating lease obligation in connection with sale of hotel | - | - | - | - | - | - | - | - | -12 | - | - | - | - |
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Stock Issued | - | 51 | - | 60 | - | - | - | - | - | - | - | - | - |
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Amortization of deferred stock compensation - construction activities | - | - | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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Preferred stock redemption charges | - | - | - | - | - | 4 | - | - | - | - | 7 | - | - |
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