InnSuites Hospitality Trust (IHT) financial statements (2021 and earlier)

Company profile

Business Address INNSUITES HOTELS CENTRE
PHOENIX, AZ 85020
State of Incorp. OH
Fiscal Year End January 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2019
TTM
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2,6465,7775681,796508396
Cash and cash equivalents 7494,7765681,796508396
Short-term investments 1,8971,000    
Receivables 1,4521,3147211,026474645
Prepaid expense 134161 74259
Disposal group, including discontinued operation 320  479  
Other undisclosed current assets 7149341152578240
Total current assets: 5,1468,0661,4653,3261,1331,539
Noncurrent Assets
Property, plant and equipment 9,53315,01219,7752037689
Long-term investments and receivables 2,521     
Due from related parties 2,521     
Intangible assets, net (including goodwill)   9331,366 
Goodwill   500500  
Intangible assets, net (excluding goodwill)   433866  
Disposal group, including discontinued operation, noncurrent assets    14,383 
Deferred costs      108
Other undisclosed noncurrent assets    4,66425,81823,673
Total noncurrent assets: 12,05415,01220,70820,61525,89523,870
TOTAL ASSETS: 17,20023,07822,17323,94127,02825,409
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,0922,2112,1648952,6472,222
Accounts payable 1667421,0261,0231,019955
Accrued liabilities 270311276329676 
Employee-related liabilities 281311290223196 
Taxes payable 6313402023920049
Interest and dividends payable 527535353 
Other undisclosed accounts payable and accrued liabilities (261)481499(972)5031,218
Debt 1,3531,4581,7171,1035,32611,753
Due to related parties 318296145 542331
Disposal group, including discontinued operation 54787 1,651  
Customer advances and deposits 145 133
Other undisclosed current liabilities   234 1,5631,100
Total current liabilities: 3,3104,0524,4063,64910,21115,407
Noncurrent Liabilities
Long-term debt and lease obligation 4,97510,41214,1424,97713,7966,993
Long-term debt, excluding current maturities 4,97510,41214,1424,97713,7966,993
Liabilities, other than long-term debt 167494 8,344  
Due to related parties 167494    
Disposal group, including discontinued operation, liabilities    8,344  
Other undisclosed noncurrent liabilities     56106
Total noncurrent liabilities: 5,14110,90714,14213,32013,8527,100
Total liabilities: 8,45114,95918,54816,97024,06322,506
Stockholders' equity
Stockholders' equity attributable to parent 10,2209,6714,4316,4841,6192,051
Common stock 23,73822,33416,79418,77013,81214,025
Treasury stock, value (13,518)(12,663)(12,363)(12,286)(12,193)(11,973)
Stockholders' equity attributable to noncontrolling interest (1,472)(1,552)(806)4871,346851
Total stockholders' equity: 8,7498,1193,6256,9712,9652,902
TOTAL LIABILITIES AND EQUITY: 17,20023,07822,17323,94127,02825,409

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

10/31/2019
TTM
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Revenues 6,16910,76813,2163,62414,67314,885
Revenue, net9,65612,5873,62414,67315,074
Cost of revenue
(Cost of Goods and Services Sold)
 (4)(565)(981)(191)(8,320)(7,889)
Gross profit: 6,16510,20312,2353,4326,3536,995
Operating expenses  (13,882)(15,304)(5,004)(15,844)(14,872)
Other undisclosed operating income  5659811918,3207,889
Operating income (loss): 6,165(3,115)(2,089)(1,380)(1,171)13
Nonoperating income  8011496
Investment income, nonoperating  121106
Interest and debt expense (381)(657)(731)(335)(880)(823)
Income (loss) from continuing operations before income taxes: 5,784(3,692)(2,818)(1,700)(2,042)(804)
Income tax expense (benefit) (408)(341)228(97)(199)(37)
Income (loss) from continuing operations: 5,376(4,033)(2,591)(1,797)(2,241)(841)
Loss from discontinued operations (1,578)(605)(36)(215)  
Income (loss) before gain (loss) on sale of properties: 3,799(4,638)(2,627)(2,012)(2,241)(841)
Other undisclosed net income 7,30711,446 2,352  
Net income (loss): 11,1066,808(2,627)339(2,241)(841)
Net income (loss) attributable to noncontrolling interest (9,686)(5,410)43593137(181)
Net income (loss) available to common stockholders, basic: 1,4201,398(2,192)432(2,104)(1,022)
Dilutive securities, effect on basic earnings per share 3,0243,3143,6843,684  
Net income (loss) available to common stockholders, diluted: 4,4444,7121,4924,116(2,104)(1,022)

Comprehensive Income ($ in thousands)

10/31/2019
TTM
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Net income (loss): 11,1066,808(2,627)339(2,241)(841)
Comprehensive income (loss): 11,1066,808(2,627)339(2,241)(841)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (9,686)(5,410)43593137181
Comprehensive income (loss), net of tax, attributable to parent: 1,4201,398(2,192)432(2,104)(661)

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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