Company: PEB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001474098-25-000039
Chunk: 19

Company: Pebblebrook Hotel Trust
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 19
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152 13,602 Distributions on common shares/units—— —— — — (4,829)(4,829)(73)(4,902)Distributions on preferred shares/units—— —— — — (42,525)(42,525)(4,657)(47,182)Other comprehensive income (loss):Change in fair value of derivative instruments—— —— — 15,177 — 15,177 (75)15,102 Amounts reclassified from other comprehensive income—— —— — (23,001)— (23,001)— (23,001)Net income (loss)—— —— — — (4,242)(4,242)4,258 16 Balance at December 31, 202427,600,000$276 119,285,394$1,193 $4,072,265 $16,550 $(1,392,860)$2,697,424 $90,450 $2,787,874 

The accompanying notes are an integral part of these financial statements.

F-10

Table of Contents

Pebblebrook Hotel TrustConsolidated Statements of Cash Flows(in thousands) For the year ended December 31, 202420232022Operating activities:Net income (loss)$16 $(74,276)$(84,981)Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Depreciation and amortization229,531 240,645 239,583 Benefit for deferred income taxes(28,483)— — Share-based compensation13,602 12,545 11,350 Gain on insurance settlement(24,824)— — Amortization of deferred financing costs, non-cash interest and other amortization14,329 12,124 13,453 Gain on sale of hotel properties— (30,375)(6,194)Impairment48,146 81,788 89,633 Non-cash ground rent9,843 9,898 9,952 Other adjustments(5,331)(7,801)(4,713)Changes in assets and liabilities:Hotel receivables5,037 1,171 (7,974)Prepaid expenses and other assets8,889 (11,190)(10,018)