Hersha Hospitality Trust (HT) financial statements (2022 and earlier)

Company profile

Business Address 44 HERSHA DRIVE
HARRISBURG, PA 17102
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments721727331818628
Cash and cash equivalents721727331818628
Total current assets:721727331818628
Noncurrent Assets
Operating lease, right-of-use asset4344 
Long-term investments and receivables36101641110
Long-term investments36101641110
Intangible assets, net (including goodwill)12214161713
Intangible assets, net (excluding goodwill)12214161713
Total noncurrent assets:48521229202824
Other undisclosed assets1,7131,9132,0842,0772,1001,9421,918
TOTAL ASSETS:1,8331,9812,1222,1392,1382,1561,970
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    1,0931,103 
Total current liabilities:    1,0931,103 
Noncurrent Liabilities
Liabilities, other than long-term debt    8181 
Deferred revenue and credits8181 
Total noncurrent liabilities:    8181 
Other undisclosed liabilities1,2231,3091,2471,18176911,262
Total liabilities:1,2231,3091,2471,1811,2501,2761,262
Temporary equity, carrying amount2 33   
Stockholders' equity
Stockholders' equity attributable to parent, including:557623808893834835678
Preferred stock0000000
Additional paid in capital1,1551,1511,1451,1561,1651,1981,086
Accumulated other comprehensive income (loss)(3)(19)1441(0)
Other undisclosed stockholders' equity attributable to parent(595)(509)(338)(267)(335)(364)(408)
Stockholders' equity attributable to noncontrolling interest51496462544430
Total stockholders' equity:608672872955888880708
TOTAL LIABILITIES AND EQUITY:1,8331,9812,1222,1392,1382,1561,970

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues296177530495498467470
Revenue, net497466470
Cost of revenue(267)(182)(361)(342)(425)(415)(292)
Cost of goods and services sold   (23)(319)(287)(282)
Gross profit:29(5)1691537352178
Operating expenses(59)(117)(123)(100)(23)13(96)
Operating income (loss):(30)(122)4653506682
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0(1)(1)(1)(1)(1)(0)
Interest and debt expense(61)(53)(52)(49)(43)(46)(44)
Other undisclosed income from continuing operations before equity method investments, income taxes4810491990
Income (loss) from continuing operations before equity method investments, income taxes:(42)(175)(6)89611838
Income (loss) from equity method investments(2)(3)11(2) 1
Other undisclosed income (loss) from continuing operations before income taxes    16(2) 
Income (loss) from continuing operations before income taxes:(44)(178)(6)911011739
Income tax expense (benefit)(1)(11)(0)(0)(5)53
Net income (loss):(45)(189)(6)810512142
Net loss attributable to noncontrolling interest    (5)(4)(0)
Net income (loss) attributable to parent:(45)(189)(6)810011742
Preferred stock dividends and other adjustments(24)(24)(24)(24)(24)(21)(14)
Other undisclosed net income available to common stockholders, basic52322   
Net income (loss) available to common stockholders, basic:(64)(191)(28)(14)769627
Other undisclosed net loss available to common stockholders, diluted     (1)(0)
Net income (loss) available to common stockholders, diluted:(64)(191)(28)(14)769527

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(45)(189)(6)810512142
Other comprehensive income (loss)18(22)(3)132(0)
Comprehensive income (loss):(26)(212)(9)910712342
Comprehensive loss, net of tax, attributable to noncontrolling interest    (5)(5)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(21)1(22)(23)(24)(21)(14)
Comprehensive income (loss), net of tax, attributable to parent:(48)(211)(31)(14)789727

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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