InnSuites Hospitality Trust (IHT) financial statements (2022 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)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,7031,2012,6465,7775681,796
Cash and cash equivalents 1,7031,2017494,7765681,796
Short-term investments   1,8971,000  
Receivables  1,6771,4521,3147211,026
Prepaid expense   134161 
Disposal group, including discontinued operation   320  479
Other undisclosed current assets  37271493411525
Total current assets: 1,7033,2505,1468,0661,4653,326
Noncurrent Assets
Finance lease, right-of-use asset  132
Operating lease, right-of-use asset  2,197
Property, plant and equipment  8,9839,53315,01219,775203
Long-term investments and receivables  1,8332,521   
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 assets  600   4,664
Total noncurrent assets:  13,74612,05415,01220,70820,615
TOTAL ASSETS: 1,70316,99517,20023,07822,17323,941
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  1,3851,0922,2112,164895
Accounts payable  4211667421,0261,023
Accrued liabilities  244270311276329
Employee-related liabilities  98281311290223
Taxes payable  14763134020239
Interest and dividends payable   5275353
Other undisclosed accounts payable and accrued liabilities  475(261)481499(972)
Deferred revenue  59
Debt  1,0161,3531,4581,7171,103
Due to related parties  161318296145 
Disposal group, including discontinued operation   54787 1,651
Customer advances and deposits 145 
Other undisclosed current liabilities  110  234 
Total current liabilities:  2,7313,3104,0524,4063,649
Noncurrent Liabilities
Long-term debt and lease obligation 2,3638,3474,97510,41214,1424,977
Long-term debt, excluding current maturities  6,0184,97510,41214,1424,977
Finance lease, liability 5275
Operating lease, liability 2,3112,253
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  (2,253)    
Total noncurrent liabilities: 4,6748,3475,14110,90714,14213,320
Total liabilities: 4,67411,0788,45114,95918,54816,970
Stockholders' equity
Stockholders' equity attributable to parent  8,14810,2209,6714,4316,484
Common stock  21,83723,73822,33416,79418,770
Treasury stock, value  (13,690)(13,518)(12,663)(12,363)(12,286)
Stockholders' equity attributable to noncontrolling interest  (2,230)(1,472)(1,552)(806)487
Other undisclosed stockholders' equity 2,510     
Total stockholders' equity: 2,5105,9188,7498,1193,6256,971
TOTAL LIABILITIES AND EQUITY: 7,18316,99517,20023,07822,17323,941

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

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues 4,2036,5686,16910,76813,2163,624
Revenue, net9,65612,5873,624
Cost of revenue
(Cost of Goods and Services Sold)
   (4)(565)(981)(191)
Gross profit: 4,2036,5686,16510,20312,2353,432
Operating expenses (7,015)(8,421) (13,882)(15,304)(5,004)
Other undisclosed operating income    565981191
Operating income (loss): (2,812)(1,853)6,165(3,115)(2,089)(1,380)
Nonoperating income 276147 80114
Investment income, nonoperating 130147 1211
Interest and debt expense (361)(567)(381)(657)(731)(335)
Income (loss) from continuing operations before income taxes: (2,897)(2,273)5,784(3,692)(2,818)(1,700)
Income tax expense (benefit) (69)294(408)(341)228(97)
Income (loss) from continuing operations: (2,965)(1,978)5,376(4,033)(2,591)(1,797)
Loss from discontinued operations  (2,273)(1,578)(605)(36)(215)
Income (loss) before gain (loss) on sale of properties: (2,965)(4,251)3,799(4,638)(2,627)(2,012)
Other undisclosed net income 1372,2737,30711,446 2,352
Net income (loss): (2,828)(1,978)11,1066,808(2,627)339
Net income (loss) attributable to noncontrolling interest 1,202237(9,686)(5,410)43593
Net income (loss) available to common stockholders, basic: (1,626)(1,742)1,4201,398(2,192)432
Dilutive securities, effect on basic earnings per share   3,0243,3143,6843,684
Net income (loss) available to common stockholders, diluted: (1,626)(1,742)4,4444,7121,4924,116

Comprehensive Income ($ in thousands)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income (loss): (2,828)(1,978)11,1066,808(2,627)339
Comprehensive income (loss): (2,828)(1,978)11,1066,808(2,627)339
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 1,202237(9,686)(5,410)43593
Comprehensive income (loss), net of tax, attributable to parent: (1,626)(1,742)1,4201,398(2,192)432

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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