Hersha Hospitality Trust (HT) financial statements (2021 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)

12/31/2020
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 investments172733181862822
Cash and cash equivalents172733181862822
Total current assets:172733181862822
Noncurrent Assets
Operating lease, right-of-use asset44 
Long-term investments and receivables610164111011
Long-term investments610164111011
Intangible assets, net (including goodwill)22141617137
Intangible assets, net (excluding goodwill)22141617137
Total noncurrent assets:52122920282418
Other undisclosed assets1,9132,0842,0772,1001,9421,9181,815
TOTAL ASSETS:1,9812,1222,1392,1382,1561,9701,856
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 liabilities1,3091,2471,18176911,262998
Total liabilities:1,3091,2471,1811,2501,2761,262998
Temporary equity, carrying amount 33    
Stockholders' equity
Stockholders' equity attributable to parent, including:623808893834835678829
Preferred stock0000000
Additional paid in capital1,1511,1451,1561,1651,1981,0861,193
Accumulated other comprehensive income (loss)(19)1441(0)(0)
Other undisclosed stockholders' equity attributable to parent(509)(338)(267)(335)(364)(408)(363)
Stockholders' equity attributable to noncontrolling interest49646254443028
Total stockholders' equity:672872955888880708857
TOTAL LIABILITIES AND EQUITY:1,9812,1222,1392,1382,1561,9701,856

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
Revenues177530495498467470417
Revenue, net497466470417
Cost of revenue(182)(361)(342)(425)(415)(292)(253)
Cost of goods and services sold  (23)(319)(287)(282)(253)
Gross profit:(5)1691537352178164
Operating expenses(117)(123)(100)(23)13(96)(349)
Other undisclosed operating income      253
Operating income (loss):(122)465350668268
Nonoperating expense
(Other Nonoperating expense)
(1)(1)(1)(1)(1)(0)(0)
Interest and debt expense(53)(52)(49)(43)(46)(44)(44)
Other undisclosed income from continuing operations before equity method investments, income taxes1049199043
Income (loss) from continuing operations before equity method investments, income taxes:(175)(6)8961183867
Income (loss) from equity method investments(3)11(2) 11
Other undisclosed income (loss) from continuing operations before income taxes   16(2)  
Income (loss) from continuing operations before income taxes:(178)(6)91101173967
Income tax expense (benefit)(11)(0)(0)(5)533
Income (loss) from continuing operations:(189)(6)81051214270
Loss from discontinued operations      (2)
Net income (loss):(189)(6)81051214268
Net loss attributable to noncontrolling interest   (5)(4)(0)(1)
Net income (loss) attributable to parent:(189)(6)81001174267
Preferred stock dividends and other adjustments(24)(24)(24)(24)(21)(14)(14)
Other undisclosed net income available to common stockholders, basic2322    
Net income (loss) available to common stockholders, basic:(191)(28)(14)76962753
Other undisclosed net loss available to common stockholders, diluted    (1)(0)(1)
Net income (loss) available to common stockholders, diluted:(191)(28)(14)76952752

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):(189)(6)81051214268
Other comprehensive income (loss)(22)(3)132(0) 
Other undisclosed comprehensive income      0
Comprehensive income (loss):(212)(9)91071234268
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (5)(5)(0)1
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(22)(23)(24)(21)(14)(16)
Comprehensive income (loss), net of tax, attributable to parent:(211)(31)(14)78972753

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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