Sunstone Hotel Investors, Inc. (SHO) financial statements (2021 and earlier)

Company profile

Business Address 200 SPECTRUM CENTER DRIVE
IRVINE, CA 92618
State of Incorp. MD
Fiscal Year End December 31
SIC 7011 - Hotels and Motels (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments368817809488370499222
Cash and cash equivalents368817809488370499222
Restricted cash and investments48485371687682
Receivables9353434393234
Inventory, net of allowances, customer advances and progress billings  11111
Inventory  11111
Prepaid expense  1110101115
Disposal group, including discontinued operation   12379  
Other undisclosed current assets1014     
Total current assets:435914908728568620355
Noncurrent Assets
Finance lease, right-of-use asset4648
Operating lease, right-of-use asset2661
Property, plant and equipment      2
Intangible assets, net (including goodwill)11111217
Goodwill     19
Intangible assets, net (excluding goodwill)1111118
Deferred costs     48
Other noncurrent assets122230229914
Other undisclosed noncurrent assets2,4652,8743,0343,1063,1613,2283,528
Total noncurrent assets:2,5513,0053,0643,1303,1723,2443,570
TOTAL ASSETS:2,9863,9193,9733,8583,7393,8633,925
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:191611521611453033
Employee-related liabilities15252527252832
Taxes payable     1815
Interest and dividends payable313612613412026880
Other undisclosed accounts payable and accrued liabilities     (284)(94)
Debt28765185 121
Disposal group, including discontinued operation   03  
Customer advances and deposits   11
Other liabilities33474545404236
Other undisclosed current liabilities373130323637998
Total current liabilities:91326233243409451299
Noncurrent Liabilities
Long-term debt and lease obligation7889549981,0047621,0261,324
Long-term debt, excluding current maturities7438899719777461,0111,308
Finance lease, liability1616
Capital lease obligations2727161616
Operating lease, liability3050
Liabilities, other than long-term debt17183129373557
Deferred revenue and credits   22
Liability for uncertainty in income taxes      2
Other liabilities17183129373534
Other undisclosed noncurrent liabilities      (23)
Total noncurrent liabilities:8069721,0291,0337991,0611,357
Total liabilities:8961,2981,2621,2761,2071,5121,656
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0492,5752,6632,5342,4832,3012,217
Common stock2222222
Additional paid in capital2,5862,6842,7292,6792,5972,4592,419
Retained earnings9141,3181,183932787653306
Other undisclosed stockholders' equity attributable to parent(1,453)(1,430)(1,250)(1,080)(903)(813)(510)
Stockholders' equity attributable to noncontrolling interest41464848495052
Total stockholders' equity:2,0892,6212,7112,5822,5322,3512,269
TOTAL LIABILITIES AND EQUITY:2,9863,9193,9733,8583,7393,8633,925

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2681,1151,1591,1941,1891,2491,142
Revenue, net1,1941,1891,2491,142
Cost of revenue  (43)(680)(645)(665)(619)
Cost of goods and services sold  (43)(517)(518)(543)(508)
Gross profit:2681,1151,116514544584523
Operating expenses(662)(978)(977)(373)(374)(403)(367)
Other undisclosed operating income  160    
Operating income (loss):(394)137299141170180157
Nonoperating income37591150202304
Investment income, nonoperating3443 45182261
Other nonoperating income317114243
Interest and debt expense(47)(54)(49)(53)(51)(69)(77)
Income (loss) from continuing operations before equity method investments, income taxes:(404)14326113814034184
Other undisclosed loss from continuing operations before income taxes      (1)
Income (loss) from continuing operations before income taxes:(404)14326113814034183
Income tax expense (benefit)(7)0(2)81(1)(0)
Income (loss) from continuing operations:(411)14325914614134083
Income from discontinued operations   7 165
Net income (loss):(411)14325915314135688
Net income (loss) attributable to noncontrolling interest6(7)(9)(8)(6)(8)(7)
Net income (loss) attributable to parent:(405)13625014513434781
Preferred stock dividends and other adjustments(13)(13)(13)(13)(16)(9)(9)
Undistributed earnings (loss) allocated to participating securities, basic  (0) 
Other undisclosed net loss available to common stockholders, basic(0)(1)(1)(1)(1) (0)
Net income (loss) available to common stockholders, basic:(418)12223613211733872
Other undisclosed net loss available to common stockholders, diluted     (2)(1)
Net income (loss) available to common stockholders, diluted:(418)12223613211733771

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(411)14325915314135688
Comprehensive income (loss):(411)14325915314135688
Comprehensive income (loss), net of tax, attributable to noncontrolling interest6(7)(9)(8)(6)(8)(7)
Other undisclosed comprehensive loss, net of tax, attributable to parent    (16)(9)(9)
Comprehensive income (loss), net of tax, attributable to parent:(405)13625014511833872

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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