Braemar Hotels & Resorts Inc 8.25% Series D Cumulative Preferre — Financial Statements (NYSE:BHR-PD)

Financials

Total revenue 226.97 M427.54 M669.59 M739.34 M728.4 M 711.79 M Gross profit 37 M140.52 M224.1 M238.19 M226.67 M 215.8 M Operating expenses 81 M88.28 M97.89 M114.01 M125.1 M 97.38 M Selling/general/admin expenses 8.76 M12.72 M24.58 M19.92 M20.86 M — Research & development ————— — Operating income 79.85 M1.45 M68.39 M61.67 M128.75 M 88.22 M Non-Operating Income, Total 20.5 M776 K7.64 M7.06 M7.72 M 5.13 M Interest expense, net of interest capitalized 45.1 M30.9 M52.17 M94.22 M108.12 M 101.81 M Non-Operating Income, excl. Interest Expenses -24.61 M-30.13 M-44.53 M-87.16 M-100.4 M -96.68 M Unusual income/expense ————— — Pretax income 129.08 M31.59 M23.39 M27.94 M20.61 M -25.8 M Equity in earnings 217 K252 K328 K253 K1.61 M 1.39 M Taxes 4.41 M1.32 M4.04 M2.69 M842 K 872 K Non-controlling/minority interest 19.41 M6.25 M2.54 M6.85 M30.4 M 2.6 M After tax other income/expense ————— — Net income before discontinued operations 105.26 M26.66 M17.76 M27.02 M1.69 M -16.19 M Discontinued operations ————— — Net income 105.26 M26.66 M17.76 M27.02 M1.69 M -16.19 M Dilution adjustment 20.44 M26.04 M45.58 M143.75 M155.16 M 184.38 M Preferred dividends 10.22 M12.7 M52.64 M96.73 M105.91 M 117.36 M Diluted net income available to common stockholders 115.48 M40 M10.7 M74.04 M50.95 M 50.83 M Basic earnings per share (Basic EPS) -3.39-0.76-0.15-1.13-0.77 -0.87 Diluted earnings per share (Diluted EPS) -3.39-0.76-0.15-1.13-0.77 -0.87 Average basic shares outstanding 34 M52.68 M69.69 M65.99 M66.5 M 268.74 M Diluted shares outstanding 34 M52.68 M69.69 M65.99 M66.5 M 268.74 M EBITDA 31.4 M128.64 M206.21 M218.47 M199.78 M — EBIT -44 M52.24 M126.21 M124.17 M101.58 M 118.42 M Cost of revenue 189.98 M287.03 M445.49 M501.16 M501.73 M 495.99 M Other cost of goods sold 189.98 M287.03 M445.49 M501.16 M501.73 M 495.99 M Depreciation & amortization (cash flow) 75.4 M76.4 M80 M94.3 M98.2 M —