Company: DRH-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001298946-25-000077
Chunk: 8

Company: DiamondRock Hospitality Co
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 FLOWS

(In thousands)

(Unaudited)

Six Months Ended June 30,20252024Cash flows from operating activities:  Net income$52,954 $32,989 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization56,048 56,186 Corporate asset depreciation as corporate expenses69 67 Non-cash lease expense and other amortization2,583 3,073 Amortization of debt issuance costs1,056 1,026 Amortization of deferred income related to key money(178)(215)Share-based compensation3,882 9,862 Changes in assets and liabilities:Prepaid expenses and other assets(3,843)(2,266)Due to/from hotel managers(14,683)(11,942)Accounts payable and accrued expenses3,286 (1,827)Net cash provided by operating activities101,174 86,953 Cash flows from investing activities:  Capital expenditures(41,270)(35,778)Net proceeds from sale of hotel property89,023 — Net cash provided by (used in) investing activities47,753 (35,778)Cash flows from financing activities:  Scheduled mortgage debt principal payments(3,844)(4,905)Repayment of mortgage debt(71,089)— Payment of financing costs(450)— Distributions on common stock and units(65,276)(12,861)Distributions on preferred stock(4,908)(4,908)Repurchases of common stock(23,704)(20,610)Shares redeemed to satisfy tax withholdings on vested share-based compensation(4,888)(4,638)Net cash used in financing activities(174,159)(47,922)Net (decrease) increase in cash, cash equivalents, and restricted cash(25,232)3,253 Cash, cash equivalents, and restricted cash at beginning of period128,789 167,171 Cash, cash equivalents, and restricted cash at end of period$103,557 $170,424 

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

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DIAMONDROCK HOSPITALITY COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS - (CONTINUED)

(In thousands)

(Unaudited)

Supplemental Disclosure of Cash Flow Information: 

Six Months Ended June 30,20252024Cash