Company: DRH-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001298946-25-000085
Chunk: 9

Company: DiamondRock Hospitality Co
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 — — — — (2,454)(2,454)— (2,454)Share-based compensation— — 28,474 1 1,082 — — 1,083 — 1,083 Shares redeemed to satisfy withholdings on vested share based compensation— — (9,597)— 9 — — 9 — 9 Common stock repurchased and retired— — (660,569)(7)(5,376)— — (5,383)— (5,383)Balance at September 30, 20244,760,000 $48 207,276,487 $2,073 $2,269,938 $(5,997)$(616,934)$1,649,128 $8,750 $1,657,878 

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

-5-

   DIAMONDROCK HOSPITALITY COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

Nine Months Ended September 30,20252024Cash flows from operating activities:  Net income$75,592 $59,546 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization84,388 84,542 Corporate asset depreciation as corporate expenses104 107 Loss on debt extinguishment5,850 — Non-cash lease expense and other amortization3,862 4,604 Amortization of debt issuance costs1,550 1,505 Impairment losses1,076 1,596 Amortization of deferred income related to key money(259)(323)Share-based compensation5,737 10,945 Changes in assets and liabilities:Prepaid expenses and other assets(1,274)(1,580)Due to/from hotel managers(15,915)(13,780)Accounts payable and accrued expenses15,019 1,453 Net cash provided by operating activities175,730 148,615 Cash flows from investing activities:  Capital expenditures(60,941)(58,407)Net proceeds from sale of hotel property89,023 — Net cash provided by (used in) investing activities28,082 (58,407)Cash flows from financing activities:  Mortgage debt principal payments(