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)

10/31/2020
TTM
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments471,2012,6465,7775681,796508
Cash and cash equivalents471,2017494,7765681,796508
Short-term investments  1,8971,000   
Receivables7411,6771,4521,3147211,026474
Prepaid expense  134161 74
Disposal group, including discontinued operation  320  479 
Other undisclosed current assets1683727149341152578
Total current assets:9573,2505,1468,0661,4653,3261,133
Noncurrent Assets
Finance lease, right-of-use asset83132
Operating lease, right-of-use asset2,1622,197
Property, plant and equipment8,3688,9839,53315,01219,77520376
Long-term investments and receivables2,9261,8332,521    
Long-term investments1,000      
Accounts and financing receivable, after allowance for credit loss1,926      
Due from related parties 1,8332,521    
Intangible assets, net (including goodwill)    9331,366 
Goodwill    500500 
Intangible assets, net (excluding goodwill)    433866 
Disposal group, including discontinued operation, noncurrent assets     14,383 
Other undisclosed noncurrent assets30600   4,66425,818
Total noncurrent assets:13,56913,74612,05415,01220,70820,61525,895
TOTAL ASSETS:14,52516,99517,20023,07822,17323,94127,028
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6851,3851,0922,2112,1648952,647
Accounts payable 4211667421,0261,0231,019
Accrued liabilities 244270311276329676
Employee-related liabilities 98281311290223196
Taxes payable 14763134020239200
Interest and dividends payable  527535353
Other undisclosed accounts payable and accrued liabilities1,685475(261)481499(972)503
Deferred revenue 59
Debt8771,0161,3531,4581,7171,1035,326
Due to related parties35161318296145 542
Disposal group, including discontinued operation  54787 1,651 
Customer advances and deposits 145 133
Other undisclosed current liabilities57110  234 1,563
Total current liabilities:2,6542,7313,3104,0524,4063,64910,211
Noncurrent Liabilities
Long-term debt and lease obligation8,7298,3474,97510,41214,1424,97713,796
Long-term debt, excluding current maturities6,3446,0184,97510,41214,1424,97713,796
Finance lease, liability5975
Operating lease, liability2,3262,253
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(2,326)(2,253)    56
Total noncurrent liabilities:8,7298,3475,14110,90714,14213,32013,852
Total liabilities:11,38311,0788,45114,95918,54816,97024,063
Stockholders' equity
Stockholders' equity attributable to parent6,5488,14810,2209,6714,4316,4841,619
Common stock20,48521,83723,73822,33416,79418,77013,812
Treasury stock, value(13,937)(13,690)(13,518)(12,663)(12,363)(12,286)(12,193)
Stockholders' equity attributable to noncontrolling interest(3,406)(2,230)(1,472)(1,552)(806)4871,346
Total stockholders' equity:3,1425,9188,7498,1193,6256,9712,965
Other undisclosed liabilities and equity0      
TOTAL LIABILITIES AND EQUITY:14,52516,99517,20023,07822,17323,94127,028

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

10/31/2020
TTM
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues5,0896,5686,16910,76813,2163,62414,673
Revenue, net9,65612,5873,62414,673
Cost of revenue
(Cost of Goods and Services Sold)
  (4)(565)(981)(191)(8,320)
Other undisclosed gross profit362      
Gross profit:5,4516,5686,16510,20312,2353,4326,353
Operating expenses(13,940)(8,421) (13,882)(15,304)(5,004)(15,844)
Other undisclosed operating income   5659811918,320
Operating income (loss):(8,489)(1,853)6,165(3,115)(2,089)(1,380)(1,171)
Nonoperating income228147 801149
Investment income, nonoperating228147 12110
Interest and debt expense(547)(567)(381)(657)(731)(335)(880)
Income (loss) from continuing operations before income taxes:(8,808)(2,273)5,784(3,692)(2,818)(1,700)(2,042)
Income tax expense (benefit)702294(408)(341)228(97)(199)
Income (loss) from continuing operations:(8,105)(1,978)5,376(4,033)(2,591)(1,797)(2,241)
Loss from discontinued operations(1,283)(2,273)(1,578)(605)(36)(215) 
Income (loss) before gain (loss) on sale of properties:(9,389)(4,251)3,799(4,638)(2,627)(2,012)(2,241)
Other undisclosed net income (loss)(6,102)2,2737,30711,446 2,352 
Net income (loss):(15,491)(1,978)11,1066,808(2,627)339(2,241)
Net income (loss) attributable to noncontrolling interest10,932237(9,686)(5,410)43593137
Net income (loss) available to common stockholders, basic:(4,559)(1,742)1,4201,398(2,192)432(2,104)
Dilutive securities, effect on basic earnings per share  3,0243,3143,6843,684 
Net income (loss) available to common stockholders, diluted:(4,559)(1,742)4,4444,7121,4924,116(2,104)

Comprehensive Income ($ in thousands)

10/31/2020
TTM
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net income (loss):(15,491)(1,978)11,1066,808(2,627)339(2,241)
Comprehensive income (loss):(15,491)(1,978)11,1066,808(2,627)339(2,241)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest10,932237(9,686)(5,410)43593137
Comprehensive income (loss), net of tax, attributable to parent:(4,559)(1,742)1,4201,398(2,192)432(2,104)

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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