Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 11

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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960 — 26,317 43,277 — — — — — — (1,747)Redemption of preferred stock— — — — — — — — — — — (1,275)(30,281)(241)(6,018)— Unrealized gain (loss) on investment in securities— — — — — — (723)— (723)— — — — (63)Redemption value adjustment – preferred stock— — — — — (6,175)— — (6,175)— — — 5,978 — 197 — Redemption value adjustment— — — — — (110)— — (110)— — — — — — 110 Balance at September 30, 20241,600 $16 66,522 $665 719,110 $(442,157)$(723)$(2,978)$273,933 3,078 $65,426 $15,138 $355,178 $1,596 $39,907 $31,336 

See Notes to Condensed Consolidated Financial Statements.

BRAEMAR HOTELS & RESORTS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited, in thousands)

Nine Months Ended September 30,20252024CASH FLOWS FROM OPERATING ACTIVITIESNet income (loss)$8,554 $41,530 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Depreciation and amortization69,919 75,192 Recognition of deferred income(510)— Equity-based compensation (20)2,689 Bad debt expense159 351 (Gain) loss on extinguishment of debt1,553 22 Amortization of loan costs, discounts and capitalized default interest8,033 4,885 Write-off of loan costs and exit fees1,833 6,095 Amortization of intangibles321 346 Amortization of non-refundable membership initiation fees(1,964)(1,606)Interest expense accretion on refundable membership club deposits421