Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 214

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 214
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— — — (1,397)Net income (loss)— — — — — (1,693)— 25,928 24,235 — — — — — — (4,472)Redemptions of preferred stock— — — — — — — — — — — (1,535)(36,554)(362)(9,047)— Unrealized gain (loss) on investment in securities— — — — — — (684)— (684)— — — — — — (60)Redemption value adjustment - preferred stock— — — — — (8,958)— — (8,958)— — — 8,761 — 197 — Redemption value adjustment— — — — — (1,258)— — (1,258)— — — — — — 1,258 Balance at December 31, 20241,600 $16 66,608 $665 $718,536 $(477,804)$(684)$(3,367)$237,362 3,078 $65,426 14,911 $352,502 1,477 $36,916 $29,964 

See Notes to Consolidated Financial Statements.

112

BRAEMAR HOTELS & RESORTS INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Year Ended December 31,202420232022CASH FLOWS FROM OPERATING ACTIVITIESNet income (loss)$19,763 $(30,628)$19,348 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Depreciation and amortization98,733 93,272 78,122 Equity-based compensation 2,611 9,244 11,285 Bad debt expense318 915 838 (Gain) loss on extinguishment of debt22 (2,318)— Amortization of loan costs, discounts and capitalized default interest6,890 2,195 (816)Write-off of loan costs and exit fees6,111 3,489