Hersha Hospitality Trust (HT) Financial Statements

Price: $9.99
Market Cap: $482.85M
Avg Volume: 636.60K
Country: US
Industry: REIT - Hotel & Motel
Sector: Real Estate
Beta: 1.819
52W Range: $5.64-10.31
Website: Hersha Hospitality Trust

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Hersha Hospitality Trust.


Income Statement

Revenue
Cost of Revenue
Revenue and Costs$600.00M$600.00M$500.00M$500.00M$400.00M$400.00M$300.00M$300.00M$200.00M$200.00M$100.00M$100.00M$0.00$0.0020142014201520152016201620172017201820182019201920202020202120212022202220232023
Operating Expenses
Operating Income
Operating Expenses & Income$180.00M$180.00M$120.00M$120.00M$60.00M$60.00M$0.00$0.00-$60.00M-$60.00M-$120.00M-$120.00M-$180.00M-$180.00M20142014201520152016201620172017201820182019201920202020202120212022202220232023
Breakdown December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014 December 31, 2013
Revenue $405.87M $295.99M $176.66M $529.96M $495.06M $498.24M $466.63M $470.38M $417.41M $338.41M
Cost of Revenue $272.21M $219.34M $185.49M $360.62M $338.27M $330.81M $298.71M $291.97M $260.10M $213.50M
Gross Profit $133.67M $76.65M $-8.82M $169.34M $156.79M $167.43M $167.92M $178.42M $157.31M $124.91M
Gross Profit Ratio 32.93% 25.90% -5.00% 31.95% 31.67% 33.60% 35.98% 37.93% 37.69% 36.91%
Research and Development Expenses $- $- $- $- $- $- $- $- $- $-
General and Administrative Expenses $26.48M $23.03M $20.08M $26.43M $26.88M $23.55M $24.44M $20.52M $20.36M $24.02M
Selling and Marketing Expenses $- $- $- $- $- $- $- $- $- $-
Selling General and Administrative Expenses $26.48M $23.03M $20.08M $26.43M $26.88M $23.55M $24.44M $20.52M $20.36M $24.02M
Other Expenses $64.97M $83.31M $96.96M $96.53M $-901.00K $-503.00K $-17.79M $-367.00K $-485.00K $-897.00K
Operating Expenses $91.44M $106.34M $117.04M $122.96M $116.71M $107.31M $99.83M $94.91M $89.53M $79.81M
Cost and Expenses $363.65M $325.68M $302.52M $483.58M $454.98M $438.12M $398.55M $386.87M $349.63M $293.31M
Interest Income $1.52M $15.00K $39.00K $253.00K $114.00K $271.00K $362.00K $193.00K $805.00K $1.78M
Interest Expense $48.42M $57.55M $53.28M $52.20M $48.49M $42.66M $44.35M $43.56M $43.36M $39.98M
Depreciation and Amortization $64.97M $83.31M $90.06M $96.90M $89.83M $83.75M $75.39M $74.39M $69.17M $55.78M
EBITDA $113.97M $51.47M $-32.32M $143.27M $130.21M $157.41M $124.22M $158.69M $137.96M $101.75M
EBITDA Ratio 28.08% 17.39% -18.30% 27.03% 26.30% 31.59% 26.62% 33.74% 33.05% 30.07%
Operating Income $49.01M $-31.84M $-122.39M $46.37M $52.70M $49.57M $65.52M $82.39M $67.91M $56.63M
Operating Income Ratio 12.07% -10.76% -69.28% 8.75% 10.65% 9.95% 14.04% 17.52% 16.27% 16.73%
Total Other Income Expenses Net $121.85M $-14.41M $79.04M $-48.54M $-44.07M $60.63M $51.05M $-43.33M $-658.00K $-41.48M
Income Before Tax $170.86M $-44.01M $-177.93M $-5.75M $8.63M $110.20M $116.57M $39.07M $67.25M $15.15M
Income Before Tax Ratio 42.10% -14.87% -100.72% -1.09% 1.74% 22.12% 24.98% 8.31% 16.11% 4.48%
Income Tax Expense $4.80M $838.00K $11.33M $92.00K $267.00K $5.26M $-4.89M $-3.14M $-2.69M $-5.60M
Net Income $146.72M $-44.84M $-189.26M $-5.85M $9.99M $99.87M $116.98M $41.80M $67.25M $49.61M
Net Income Ratio 36.15% -15.15% -107.13% -1.10% 2.02% 20.04% 25.07% 8.89% 16.11% 14.66%
EPS $4.22 $-1.15 $-4.90 $-0.15 $0.25 $1.82 $2.21 $0.56 $1.04 $0.64
EPS Diluted $4.03 $-1.15 $-4.90 $-0.15 $0.25 $1.79 $2.21 $0.56 $1.04 $0.64
Weighted Average Shares Outstanding 38.61M 39.09M 38.61M 38.91M 39.27M 41.42M 42.96M 47.79M 49.78M 49.60M
Weighted Average Shares Outstanding Diluted 38.61M 39.09M 38.61M 38.91M 39.38M 42.06M 43.53M 48.37M 50.30M 50.48M
SEC Filing Source Source Source Source Source Source Source Source Source Source

Balance Sheet

Total Assets
Total Liabilities
Total Assets and Liabilities$2.50B$2.50B$2.00B$2.00B$1.50B$1.50B$1.00B$1.00B$500.00M$500.00M$0.00$0.0020142014201520152016201620172017201820182019201920202020202120212022202220232023
Equity$1.00B$1.00B$800.00M$800.00M$600.00M$600.00M$400.00M$400.00M$200.00M$200.00M$0.00$0.0020142014201520152016201620172017201820182019201920202020202120212022202220232023
Breakdown December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014 December 31, 2013
Cash and Cash Equivalents $224.96M $72.24M $16.64M $27.01M $32.60M $17.95M $185.64M $27.95M $21.68M $36.21M
Short Term Investments $1.19B $92.00K $- $2.51M $1.55M $- $- $- $- $-
Cash and Short Term Investments $224.96M $72.24M $16.64M $27.01M $32.60M $17.95M $185.64M $27.95M $21.68M $36.21M
Net Receivables $9.17M $10.99M $8.33M $15.33M $13.54M $17.32M $27.10M $15.71M $15.94M $20.27M
Inventory $-18.71M $-92.00K $-10.89M $-2.51M $-10.70M $- $- $- $- $-
Other Current Assets $23.77M $12.80M $114.08M $12.49M $18.88M $- $- $- $- $-
Total Current Assets $239.19M $95.93M $128.16M $52.31M $54.32M $58.89M $320.21M $67.87M $54.56M $157.59M
Property Plant Equipment Net $16.23M $43.44M $44.13M $45.38M $2.02B $2.00B $1.75B $1.83B $1.74B $1.53B
Goodwill $- $- $- $- $- $- $- $- $- $-
Intangible Assets $684.00K $1.33M $1.74M $2.14M $13.64M $16.39M $16.94M $13.39M $7.32M $7.60M
Goodwill and Intangible Assets $684.00K $1.33M $1.74M $2.14M $13.64M $16.39M $16.94M $13.39M $7.32M $7.60M
Long Term Investments $4.99M $5.58M $6.63M $8.45M $4.00M $3.57M $11.44M $10.32M $11.15M $12.04M
Tax Assets $- $1.67B $1.78B $11.39M $11.08M $10.93M $16.20M $14.59M $11.45M $8.77M
Other Non-Current Assets $1.23B $21.76M $15.49M $2.00B $40.01M $2.05B $1.79B $1.86B $1.77B $1.56B
Total Non-Current Assets $1.25B $1.74B $1.85B $2.07B $2.08B $2.08B $1.84B $1.90B $1.80B $1.59B
Other Assets $- $- $- $- $- $- $- $- $- $-
Total Assets $1.49B $1.83B $1.98B $2.12B $2.14B $2.14B $2.16B $1.97B $1.86B $1.75B
Account Payables $44.15M $43.21M $58.45M $47.63M $70.95M $58.77M $65.11M $59.23M $54.12M $40.85M
Short Term Debt $- $118.68M $133.05M $48.00M $10.00M $16.10M $- $27.00M $- $-
Tax Payables $- $- $- $- $- $- $- $- $- $-
Deferred Revenue $- $- $-134.50M $- $- $- $- $- $- $-
Other Current Liabilities $34.30M $7.77M $134.50M $17.06M $17.13M $17.11M $77.48M $25.30M $25.11M $66.61M
Total Current Liabilities $78.45M $169.66M $191.51M $112.68M $98.08M $91.98M $142.58M $111.53M $79.23M $107.46M
Long Term Debt $648.89M $1.05B $1.12B $1.13B $1.08B $1.08B $1.05B $1.15B $918.92M $773.50M
Deferred Revenue Non-Current $- $- $- $- $- $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $- $- $- $- $- $-
Other Non-Current Liabilities $- $- $- $- $- $81.28M $81.31M $- $- $-
Total Non-Current Liabilities $648.89M $1.05B $1.12B $1.13B $1.08B $1.16B $1.13B $1.15B $918.92M $773.50M
Other Liabilities $- $- $- $- $- $- $- $- $- $-
Total Liabilities $727.34M $1.22B $1.31B $1.25B $1.18B $1.25B $1.28B $1.26B $998.15M $880.96M
Preferred Stock $147.00K $147.00K $147.00K $147.00K $147.00K $147.00K $147.00K $76.00K $76.00K $76.00K
Common Stock $398.00K $394.00K $389.00K $387.00K $395.00K $399.00K $418.00K $444.00K $1.99M $2.03M
Retained Earnings $-490.81M $-595.45M $-509.24M $-338.69M $-267.74M $-335.37M $-364.83M $-408.27M $-365.38M $-364.57M
Accumulated Other Comprehensive Income Loss $16.21M $-2.75M $-19.27M $1.01M $4.23M $3.75M $1.37M $-466.00K $-358.00K $-376.00K
Other Total Stockholders Equity $1.16B $1.16B $1.15B $1.14B $1.16B $1.16B $1.20B $1.09B $1.19B $1.20B
Total Stockholders Equity $683.00M $557.37M $623.00M $807.66M $892.80M $833.87M $835.42M $678.04M $829.38M $837.96M
Total Equity $761.54M $610.61M $672.25M $875.00M $957.52M $888.15M $879.74M $708.15M $857.39M $867.14M
Total Liabilities and Stockholders Equity $1.49B $1.83B $1.98B $2.12B $2.14B $2.14B $2.16B $1.97B $1.86B $1.75B
Minority Interest $78.54M $53.23M $49.25M $67.34M $64.72M $54.29M $44.32M $30.12M $28.01M $29.18M
Total Liabilities and Total Equity $1.49B $1.83B $1.98B $2.12B $2.14B $2.14B $2.16B $1.97B $1.86B $1.75B
Total Investments $1.19B $5.58M $6.63M $8.45M $5.55M $3.57M $11.44M $10.32M $11.15M $12.04M
Total Debt $648.89M $1.17B $1.25B $1.18B $1.09B $1.09B $1.05B $1.18B $918.92M $773.50M
Net Debt $423.93M $1.10B $1.23B $1.16B $1.06B $1.08B $866.25M $1.15B $897.25M $737.29M

Cash Flow Statement

Operating Cash Flow
Investing Cash Flow
Operating and Investing Cash Flow$600.00M$600.00M$400.00M$400.00M$200.00M$200.00M$0.00$0.00-$200.00M-$200.00M20142014201520152016201620172017201820182019201920202020202120212022202220232023
Financing Cash Flow$100.00M$100.00M$0.00$0.00-$100.00M-$100.00M-$200.00M-$200.00M-$300.00M-$300.00M-$400.00M-$400.00M-$500.00M-$500.00M20142014201520152016201620172017201820182019201920202020202120212022202220232023
Breakdown December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014 December 31, 2013
Net Income $166.06M $-44.84M $-189.26M $-5.85M $8.37M $104.94M $121.46M $42.21M $68.27M $49.95M
Depreciation and Amortization $69.37M $88.29M $100.07M $98.12M $91.71M $85.55M $76.67M $75.50M $70.73M $64.35M
Deferred Income Tax $- $-44.84M $11.29M $-312.00K $-144.00K $5.26M $-4.89M $-3.14M $-2.69M $-5.50M
Stock Based Compensation $14.38M $12.03M $9.49M $10.80M $11.44M $9.29M $8.05M $6.52M $6.03M $9.75M
Change in Working Capital $4.29M $67.00K $4.15M $-987.00K $11.23M $-1.93M $-15.37M $-183.00K $7.66M $2.73M
Accounts Receivables $-431.00K $-2.80M $3.52M $1.03M $1.76M $-135.00K $1.02M $993.00K $-350.00K $2.42M
Inventory $- $- $- $- $31.81M $14.08M $-19.59M $-5.05M $9.11M $-6.49M
Accounts Payables $10.91M $7.78M $-10.59M $2.28M $10.72M $-17.16M $-1.79M $3.89M $-2.37M $6.33M
Other Working Capital $-6.19M $-4.91M $11.21M $-4.29M $-33.06M $15.37M $-14.60M $-5.06M $10.39M $-6.02M
Other Non Cash Items $-178.54M $5.53M $6.80M $1.34M $-7.78M $-94.71M $-99.36M $1.82M $-37.12M $-31.01M
Net Cash Provided by Operating Activities $75.57M $16.23M $-57.47M $103.11M $114.82M $108.41M $86.56M $121.82M $112.89M $90.26M
Investments in Property Plant and Equipment $-23.59M $-10.87M $-26.34M $-48.94M $-65.63M $-51.92M $-33.27M $-27.37M $-38.34M $-42.85M
Acquisitions Net $5.71M $-1.49M $-1.12M $-6.10M $-1.00M $11.62M $429.22M $-116.13M $-148.94M $-103.02M
Purchases of Investments $- $- $- $- $- $- $- $- $- $-
Sales Maturities of Investments $- $- $- $- $- $- $- $- $- $-
Other Investing Activities $528.12M $163.83M $25.95M $1.47M $48.66M $-111.22M $-279.30M $-27.78M $-31.56M $-22.46M
Net Cash Used for Investing Activities $510.24M $151.47M $-1.51M $-53.57M $-17.96M $-99.59M $149.92M $-143.91M $-180.50M $-125.47M
Debt Repayment $- $- $- $- $- $- $- $- $- $-
Common Stock Issued $- $- $- $94.47M $28.00M $74.52M $438.79M $414.30M $200.99M $186.81M
Common Stock Repurchased $- $- $- $-14.20M $-10.83M $-35.18M $-167.06M $-128.24M $-15.42M $-60.00M
Dividends Paid $-26.15M $-42.30M $-16.85M $-67.93M $-68.35M $-78.81M $-64.64M $-68.40M $-64.64M $-65.08M
Other Financing Activities $-414.58M $-64.06M $62.45M $14.59M $-13.31M $-97.71M $-14.15M $96.77M $117.71M $181.84M
Net Cash Used Provided by Financing Activities $-440.73M $-106.36M $45.60M $-53.34M $-81.66M $-176.51M $-78.79M $28.37M $53.07M $2.37M
Effect of Forex Changes on Cash $- $- $- $- $- $- $- $- $- $-
Net Change in Cash $145.07M $61.34M $-13.38M $-3.80M $15.20M $-167.70M $157.69M $6.28M $-14.54M $-32.85M
Cash at End of Period $230.02M $84.94M $23.61M $36.98M $40.78M $17.95M $185.64M $27.95M $21.68M $36.21M
Cash at Beginning of Period $84.94M $23.61M $36.98M $40.78M $25.59M $185.64M $27.95M $21.68M $36.21M $69.06M
Operating Cash Flow $75.57M $16.23M $-57.47M $103.11M $114.82M $108.41M $86.56M $121.82M $112.89M $90.26M
Capital Expenditure $-23.59M $-10.87M $-26.34M $-48.94M $-65.63M $-51.92M $-33.27M $-27.37M $-38.34M $-42.85M
Free Cash Flow $51.98M $5.36M $-83.81M $54.18M $49.19M $56.49M $53.29M $94.45M $74.55M $47.41M