Braemar Hotels & Resorts Inc. (BHR-PB)
Braemar Hotels & Resorts Inc. is a real estate investment trust (REIT) focused on the high-growth luxury hotel and resort sector. The Company targets high-performance luxury urban and resort properties, specializing in assets that generate revenue per available room (RevPAR) at least twice the U.S. national average. Its industry-leading portfolio features luxury properties across the United States and the U.S. territories in the Caribbean. Externally advised by Ashford Hospitality Advisors LLC, Braemar leverages deep industry expertise and disciplined asset management to drive outsized performance. Braemar Hotels & Resorts Inc. was incorporated in 2013 in Maryland, USA.
Sector: Real Estate Investment Trusts
Industry: REIT - Hotel & Motel
Braemar Hotels & Resorts Inc.
Mkt Cap$96.84M
Float9.21M
O/S68.68M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$704.01M
Net Income-$22.32M
Total Assets$1.86B
Free Cash Flow-$37.13M
Debt & Equity
Debt 57%
Equity 25%
Preferred 18%
Total Debt$1.17B
Total Equity$504.02M
Preferred Stock$365.35M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BHR-PB's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.86B
Liabilities$1.34B
Accounts Receivable$32.84M
Accounts Payable$142.12M
Inventory$4.74M
PP&E (Net)$30.74M
Goodwill$0
Intangible Assets$2.75M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Revenue | $704.01M | $728.4M | $739.34M | $669.59M | $427.54M | $226.97M | $487.61M | $431.4M | $414.06M | $405.86M | $349.55M | $307.31M | $233.5M | $221.19M | $191.99M |
| YoY Growth | -3.3% | -1.5% | 10.4% | 56.6% | 88.4% | -53.5% | 13.0% | 4.2% | 2.0% | 16.1% | 13.7% | 31.6% | 5.6% | 15.2% | - |
| Cost of Revenue | $711.59M | $574.73M | $570.88M | $505.1M | $344.66M | $218.46M | $372.12M | $312.19M | $302.07M | $294.26M | $250.48M | $215.68M | $158.15M | $148.99M | $128.18M |
| Gross Profit | -$8.01M | $153.68M | $168.47M | $164.49M | $82.88M | $8.51M | $115.49M | $119.21M | $112M | $111.59M | $99.06M | $91.63M | $75.34M | $72.2M | $63.81M |
| Gross Margin | -1.1% | 21.1% | 22.8% | 24.6% | 19.4% | 3.8% | 23.7% | 27.6% | 27.0% | 27.5% | 28.3% | 29.8% | 32.3% | 32.6% | 33.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $11.75M | $14.36M | $13.52M | $18.08M | $8.72M | $25.14M | $5.43M | $25.81M | $20.68M | $32.34M | $25.32M | $17.68M | $13.19M | $11.5M | $9.61M |
| Other | -$63.03M | $10.57M | $93.27M | $78.01M | $72.71M | $63.22M | $45.65M | -$253K | -$377K | -$165K | $1.23M | $40.69M | -$1.97M | $29.55M | $9.67M |
| Total Operating Expenses | -$51.09M | $24.93M | $106.8M | $96.09M | $81.43M | $88.36M | $51.09M | $68.1M | $60.41M | $64M | $52.55M | $46.03M | $42.36M | $40.4M | $39.43M |
| Operating Income (EBIT) | $43.09M | $128.75M | $61.67M | $68.39M | $1.45M | -$79.85M | $64.4M | $65.83M | $38.84M | $47.14M | $45.98M | $43.75M | $19.41M | $31.81M | $24.38M |
| Operating Margin | 6.1% | 17.7% | 8.3% | 10.2% | 0.3% | -35.2% | 13.2% | 15.3% | 9.4% | 11.6% | 13.2% | 14.2% | 8.3% | 14.4% | 12.7% |
| Interest Expense | $88.36M | $108.12M | $94.22M | $52.17M | $30.9M | $45.1M | $54.51M | $49.65M | $38.94M | $40.88M | $37.83M | $39.03M | $33.01M | $31.24M | $31.8M |
| Interest Income | $6.25M | $7.13M | $6.4M | $2.68M | $48K | $176K | $1.09M | $1.6M | $690K | $167K | $34K | $27K | $23K | $29K | $24K |
| Other Income (Expense) | -$69.52M | -$108.14M | -$89.61M | -$45M | -$33.04M | -$49.23M | -$61.44M | -$60.81M | -$34.84M | -$47.61M | -$50.4M | -$39.12M | -$34.99M | -$31.21M | -$22.11M |
| Income Before Tax (EBT) | -$26.43M | $20.61M | -$27.94M | $23.39M | -$31.59M | -$129.08M | $2.96M | $5.02M | $27.8M | $25.89M | -$4.43M | $4.63M | -$15.59M | $591K | $2.27M |
| Income Tax Expense | $1.98M | $842K | $2.69M | $4.04M | $1.32M | -$4.41M | $1.76M | $2.43M | -$522K | $1.57M | $263K | $1.1M | $2.34M | $4.38M | $2.64M |
| Net Income | -$22.32M | -$1.69M | -$27.02M | $17.76M | -$26.66M | -$105.26M | $371K | $1.32M | $23.02M | $19.32M | -$6.71M | $1.94M | -$11.78M | -$4.54M | $626K |
| Net Income Margin | -3.2% | -0.2% | -3.7% | 2.7% | -6.2% | -46.4% | 0.1% | 0.3% | 5.6% | 4.8% | -1.9% | 0.6% | -5.0% | -2.1% | 0.3% |
| Supplementary Data | |||||||||||||||
| EPS | -0.36 | -0.77 | -1.13 | -0.15 | -0.62 | -3.67 | 0.04 | 0.04 | 0.52 | 0.57 | -0.26 | 0.08 | -0.73 | -0.28 | 0.04 |
| Diluted EPS | -0.36 | -0.77 | -1.13 | -0.15 | -0.62 | -3.67 | 0.04 | 0.04 | 0.51 | 0.55 | -0.26 | 0.07 | -0.73 | -0.28 | 0.04 |
| Weighted Average OS | 67.62M | 66.50M | 65.99M | 69.69M | 52.68M | 34.00M | 32.29M | 31.94M | 30.47M | 26.65M | 25.89M | 24.47M | 16.05M | 16.05M | 16.13M |
| EBITDA | $165.11M | $227.91M | $160.03M | $154.15M | $73.59M | -$9.77M | $128.23M | $112.25M | $119.18M | $112.78M | $77.12M | $84.14M | $50.06M | $61.14M | $63.89M |
| EBITDA Margin | 23.5% | 31.3% | 21.6% | 23.0% | 17.2% | -4.3% | 26.3% | 26.0% | 28.8% | 27.8% | 22.1% | 27.4% | 21.4% | 27.6% | 33.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $124.35M | $135.47M | $85.6M | $261.54M | $216M | $78.61M | $72M | $182.58M | $137.52M | $126.79M | $105.04M | $171.44M | $143.78M | $20.31M |
| Short-Term Investments | $0 | $0 | $2.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $124.35M | $135.82M | $88.45M | $261.54M | $216M | $78.61M | $72.05M | $182.58M | $137.52M | $126.79M | $105.04M | $171.44M | $143.78M | $20.31M |
| Accounts Receivable | $32.84M | $31.75M | $56.94M | $79.01M | $52.93M | $13.56M | $19.05M | $17.67M | $36.2M | $37M | $32.56M | $26.52M | $25.51M | $30.13M |
| Inventory | $4.74M | $4.66M | $5M | $5.24M | $3.13M | $2.55M | $2.79M | $1.86M | $1.43M | $1.48M | $1.45M | $696K | $318K | $304K |
| Other Current Assets | $0 | $85.86M | $80.9M | $54.16M | $47.38M | $52.21M | $81.1M | $80.32M | $51.49M | $41.52M | $36.27M | $32.07M | $34.77M | $16.89M |
| Total Current Assets | $161.94M | $258.1M | $241.23M | $406.99M | $323.79M | $146.93M | $174.99M | $282.43M | $226.63M | $206.79M | $175.32M | $230.73M | $185.21M | $69.04M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $30.74M | $1.81B | $78.38M | $79.45M | $80.46M | $1.51B | $1.56B | $1.3B | $1.15B | $1.01B | $1.09B | $990.3M | $765.33M | $771.94M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $2.75M | $3.13M | $3.5M | $3.88M | $4.26M | $4.64M | $5.02M | $27.68M | $22.55M | $22.85M | $23.16M | $2.54M | $2.63M | $2.72M |
| Long-Term Investments | $1.56B | $41.68M | $1.67M | $1.69M | $1.69M | $1.71M | $1.9M | $11.88M | $18.12M | $8.41M | $58.74M | $0 | $765.33M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.3B | -$1.15B | -$1.01B | -$1.09B | $0 | -$765.33M | $0 |
| Other Long-Term Assets | -$1.56B | $19.61M | $1.9B | $1.91B | $1.47B | $14.9M | $13.02M | $1.31B | $1.16B | $1.02B | $1.1B | $5.93M | $8.56M | $3.58M |
| Total Long-Term Assets | $33.49M | $1.88B | $1.99B | $1.99B | $1.56B | $1.53B | $1.58B | $1.35B | $1.2B | $1.05B | $1.18B | $998.78M | $776.52M | $778.24M |
| Other Assets | $1.67B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.86B | $2.14B | $2.23B | $2.4B | $1.88B | $1.67B | $1.76B | $1.64B | $1.42B | $1.26B | $1.35B | $1.23B | $961.73M | $847.28M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $142.12M | $84.87M | $100.47M | $133.98M | $96.32M | $61.64M | $93.85M | $64.12M | $56.8M | $44.79M | $43.57M | $29.27M | $17.28M | $18.11M |
| Short-Term Debt | $74.28M | $293.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $88.65M | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$366.59M | -$200.1M | -$566.1M | -$80M | $0 | $0 | $0 |
| Other Current Liabilities | -$187.53M | $71.53M | $65.68M | $0 | $0 | $6.06M | $11.9M | $229.09M | $0 | $374.1M | -$84.05M | $0 | $0 | $0 |
| Total Current Liabilities | $74.28M | $454.01M | $166.15M | $154.26M | $100.57M | $68.66M | $110.09M | $78.49M | $68.36M | $58.39M | $55.06M | $35.09M | $30.88M | $18.69M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $1.08B | $916.84M | $1.16B | $1.33B | $1.17B | $1.13B | $1.06B | $619.29M | $820.96M | $195.52M | $746.95M | $761.73M | $622.53M | $570.81M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.09B | $894.52M | $828.06M | $158K | $316K | $474K | $633K |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.09B | $3.57M | $3.63M | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $162.18M | $24.27M | $19.33M | $414.31M | $126.95M | $18.08M | $17.51M | $395.62M | $5.2M | $574.15M | $93.67M | $5.19M | $5.2M | $4.77M |
| Total Long-Term Liabilities | $1.26B | $959.87M | $1.24B | $1.81B | $1.36B | $1.21B | $1.14B | $1.01B | $826.16M | $769.67M | $840.61M | $770.42M | $627.73M | $576.21M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.34B | $1.41B | $1.41B | $1.96B | $1.46B | $1.28B | $1.25B | $1.09B | $894.52M | $828.06M | $895.67M | $805.51M | $658.61M | $594.9M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $365.35M | $454.86M | $488.1M | $16K | $16K | $106.97M | $106.94M | $106.14M | $106.12M | $65.96M | $62.25M | $0 | $0 | $0 |
| Common Stock | $682K | $665K | $666K | $699K | $653K | $382K | $329K | $325K | $321K | $260K | $285K | $254K | $161K | $0 |
| Retained Earnings | -$568.5M | -$477.8M | -$412.2M | -$324.74M | -$309.24M | -$266.01M | -$150.63M | -$115.41M | -$88.81M | -$93.25M | -$99.77M | -$96.4M | -$101.06M | -$32.51M |
| Comprehensive Income & Other | $0 | -$684K | $0 | $0 | $0 | $0 | -$0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.07B | $1.17B | $1.21B | $734.15M | $707.43M | $648.84M | $626.49M | $618.68M | $575.91M | $467.75M | $500.6M | $375.05M | $246.93M | $272.38M |
| Total Equity | $504.02M | $695.57M | $795.07M | $410.11M | $398.85M | $383.21M | $476.19M | $503.6M | $487.43M | $374.76M | $401.11M | $278.9M | $146.03M | $239.86M |
| Minority Interest | $19M | $26.6M | $23.46M | $24.21M | $19.54M | $12.57M | $35.56M | $39.49M | $41.87M | $54.18M | $55.97M | $145.09M | $157.1M | $12.52M |
| Total Liabilities and Equity | $1.84B | $2.11B | $2.2B | $2.37B | $1.86B | $1.66B | $1.72B | $1.6B | $1.38B | $1.2B | $1.3B | $1.08B | $804.63M | $834.76M |
| Supplementary Data | ||||||||||||||
| Total Debt | $1.17B | $1.23B | $1.22B | $1.39B | $1.23B | $1.19B | $1.12B | $985.87M | $820.96M | $764.62M | $835.59M | $765.23M | $622.53M | $570.81M |
| Net Debt | $1.05B | $1.09B | $1.14B | $1.13B | $1.02B | $1.11B | $1.05B | $803.29M | $683.44M | $637.83M | $730.55M | $593.79M | $478.75M | $550.5M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Operating Activities | |||||||||||||||
| Net Income | -$22.32M | $19.76M | -$30.63M | $19.35M | -$32.91M | -$124.68M | $1.2M | $2.58M | $28.32M | $24.32M | -$4.69M | $3.54M | -$17.93M | -$3.79M | -$363K |
| Depreciation & Amortization | $93.01M | $99.19M | $93.75M | $78.6M | $74.27M | $74.2M | $70.76M | $57.58M | $52.44M | $46M | $43.72M | $40.47M | $30.65M | $29.33M | $29.6M |
| Deferred Income Tax | $0 | -$96K | $1.33M | $51K | -$174K | -$956K | $764K | -$807K | $615K | $1.09M | -$1.09M | $262K | $755K | $0 | $0 |
| Stock-Based Compensation | -$446K | $2.61M | $9.24M | $11.29M | $10.2M | $7.89M | $7.94M | $7M | -$1.33M | $4.16M | $3.85M | $2.35M | $342K | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||
| Accounts Receivable | -$7.37M | $6.26M | $11.26M | -$9.09M | -$11.04M | $4.06M | -$5.79M | $5.25M | $6.9M | -$5.62M | $1.92M | -$3.43M | $220K | $548K | -$2.59M |
| Inventory | $0 | $0 | $0 | $0 | -$35.98M | $10.5M | $0 | -$1.07M | $430K | $1.82M | -$418K | $231K | $763K | $1.67M | $376K |
| Accounts Payable | $0 | $0 | $0 | $0 | $35.98M | -$10.5M | $13.39M | -$8.17M | $782K | $3.28M | $5.42M | $4.36M | -$1.94M | -$1.62M | $1.56M |
| Other Working Capital | -$8.54M | $14.69M | -$4.34M | $14.5M | $22.15M | -$7.43M | -$9.02M | $4.03M | $4.92M | -$1.75M | -$701K | $5.25M | $18.51M | $465K | -$5.23M |
| Total Working Capital Change | -$15.91M | $20.95M | $6.93M | $5.42M | $11.12M | -$3.37M | -$1.41M | $34K | $13.04M | -$2.27M | $6.22M | $6.4M | $17.55M | $1.06M | -$5.88M |
| Other Non-Cash Items | -$13.56M | -$75.59M | $4.09M | -$5.21M | $1.46M | -$3.38M | -$12.99M | $4.34M | -$22.48M | -$16.2M | -$38.61M | $1.83M | $2.72M | $1.25M | -$7.96M |
| Net Cash from Operating | $40.78M | $66.82M | $84.71M | $109.48M | $63.95M | -$50.29M | $66.26M | $70.73M | $70.61M | $57.09M | $9.39M | $54.85M | $34.09M | $27.85M | $15.39M |
| Investing Activities | |||||||||||||||
| Capital Expenditures | $0 | $0 | -$75K | $0 | -$25.64M | -$25.55M | $0 | -$197.19M | -$188.15M | $59.31M | -$163.42M | -$193.15M | -$28.35M | -$11.94M | -$10.28M |
| Acquisitions | $0 | -$79K | -$238K | -$328K | -$233K | -$26K | $265K | -$2M | -$248.2M | $0 | -$16.62M | -$172.11M | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$42.28M | $0 | $0 | -$17.85M | -$26K | $0 | -$2M | $248.2M | $0 | -$105.88M | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $43.49M | $25.58M | $0 | $65.34M | $2.29M | $43.49M | $106.08M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $209.63M | $77.87M | -$76.75M | -$401.89M | -$41.44M | -$16.52M | -$226.69M | $32.36M | $11.92M | -$2.51M | -$3.41M | $152.5M | -$28.35M | -$11.94M | $0 |
| Net Cash from Investing | $209.63M | $35.51M | -$77.07M | -$402.22M | -$41.68M | -$16.54M | -$226.43M | -$166.82M | -$173.94M | $100.28M | -$183.25M | -$212.76M | -$28.35M | -$11.94M | -$10.28M |
| Financing Activities | |||||||||||||||
| Debt Repaid | $115.28M | -$49.9M | $163.71M | -$102M | $993K | -$61.49M | -$72.41M | -$174.45M | -$59.27M | $73.27M | -$75M | -$74.12M | -$51.28M | $7.19M | $4.72M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $102.46M | $13.26M | $0 | $37.95M | $66.44M | $4.21M | $0 | $143.93M | $177.74M | $0 | $0 |
| Common Stock Repurchases | -$778K | -$369K | -$26.47M | -$7.41M | -$376K | -$263K | -$384K | -$323K | -$395K | -$39.23M | -$8.88M | -$18.52M | $0 | -$24.07M | $0 |
| Dividends Paid | -$47.34M | -$51.56M | -$52.56M | -$20.76M | -$9.09M | -$16.15M | -$33.41M | -$30.33M | -$27.1M | -$16.88M | -$11.82M | -$6.4M | -$85.7M | -$24.07M | -$21.96M |
| Other Financing Activities | -$105.24M | -$36.14M | -$2.14M | -$6.89M | -$909K | -$9.22M | -$7.21M | -$12.52M | $92.25M | -$10.46M | $53.17M | -$7.55M | -$25.59M | $19.21M | $23.61M |
| Net Cash from Financing | -$268.63M | -$83.77M | -$156.84M | $345.06M | $127.95M | $49.59M | $32.06M | $169.24M | $124.03M | -$135.63M | $107.46M | $185.57M | $117.73M | -$12.05M | -$3.07M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$18.22M | $18.55M | -$149.19M | $52.32M | $150.22M | -$17.23M | -$128.1M | $73.15M | $20.7M | $21.75M | -$66.4M | $27.66M | $123.46M | $3.86M | $2.04M |
| Supplementary Data | |||||||||||||||
| Operating Cash Flow | $40.78M | $66.82M | $84.71M | $109.48M | $63.95M | -$50.29M | $66.26M | $70.73M | $70.61M | $57.09M | $9.39M | $54.85M | $34.09M | $27.85M | $15.39M |
| Capital Expenditure | -$77.9M | $0 | -$75K | $0 | -$25.64M | -$25.55M | $0 | -$197.19M | -$188.15M | $59.31M | -$163.42M | -$193.15M | -$28.35M | -$11.94M | -$10.28M |
| Free Cash Flow | -$37.13M | $66.82M | $84.64M | $109.48M | $38.31M | -$75.84M | $66.26M | -$126.45M | -$117.54M | $116.4M | -$154.03M | -$138.29M | $5.73M | $15.91M | $5.11M |
| Cash at Beginning | $185.06M | $166.5M | $315.7M | $263.37M | $113.15M | $130.38M | $258.49M | $185.34M | $164.65M | $105.04M | $171.44M | $143.78M | $20.31M | $16.45M | $14.41M |
| Cash at End | $166.83M | $185.06M | $166.5M | $315.7M | $263.37M | $113.15M | $130.38M | $258.49M | $185.34M | $126.79M | $105.04M | $171.44M | $143.78M | $20.31M | $16.45M |