Company: DRH-PA
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001298946-25-000015
Chunk: 112

Company: DiamondRock Hospitality Co
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 112
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— (6,878)— (6,878)Common stock repurchased and retired— — (3,114,876)(31)(25,962)— — (25,993)(25,993)Balance at December 31, 20244,760,000 $48 207,592,210 $2,076 $2,268,521 $(1,360)$(679,050)$1,590,235 $8,697 $1,598,932 

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

F-9

DIAMONDROCK HOSPITALITY COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)Year Ended December 31,202420232022Cash flows from operating activities:  Net income$48,250 $86,635 $109,705 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization113,588 111,302 108,849 Corporate asset depreciation as corporate expenses121 192 220 Loss on early extinguishment of debt— — 9,766 Non-cash lease expense and other amortization5,970 6,156 6,226 Non-cash interest rate swap fair value adjustment— 2,033 (13,914)Amortization of debt issuance costs1,967 2,053 2,489 Impairment losses34,169 941 2,843 Amortization of deferred income related to key money(431)(431)(423)Share-based compensation12,019 8,771 7,789 Deferred income tax expense(449)(975)(781)Changes in assets and liabilities:Prepaid expenses and other assets(3,936)(3,684)(9,563)Due to/from hotel managers3,459 24,151 (24,034)Accounts payable and accrued expenses9,682 420 7,067 Net cash provided by operating activities224,409 237,564 206,239 Cash flows from investing activities:  Capital expenditures(81,588)(86,314)(67,657)Property acquisitions(30,532)(32,699)(181,942)Acquisition of interest in land— (1,833)— Receipt of deferred key money— — 1,000 Net cash used in investing