Sunstone Hotel Investors, Inc. (SHO) financial statements (2021 and earlier)

Company profile

Business Address 200 SPECTRUM CENTER DRIVE
IRVINE, CA 92618
State of Incorp. MD
Fiscal Year End December 31
SIC 7011 - Hotels and Motels (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments817809488370499222104
Cash and cash equivalents817809488370499222104
Restricted cash and investments48537168768289
Receivables35343439323430
Inventory, net of allowances, customer advances and progress billings 111111
Inventory 111111
Prepaid expense 111010111513
Disposal group, including discontinued operation  12379   
Other undisclosed current assets14      
Total current assets:914908728568620355238
Noncurrent Assets
Finance lease, right-of-use asset48
Operating lease, right-of-use asset61
Property, plant and equipment     22
Intangible assets, net (including goodwill)1111217137
Goodwill    199
Intangible assets, net (excluding goodwill)111118127
Deferred costs    489
Other noncurrent assets223022991421
Other undisclosed noncurrent assets2,8743,0343,1063,1613,2283,5283,101
Total noncurrent assets:3,0053,0643,1303,1723,2443,5703,271
TOTAL ASSETS:3,9193,9733,8583,7393,8633,9253,509
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:161152161145303325
Employee-related liabilities25252725283230
Taxes payable    181514
Interest and dividends payable13612613412026880 
Other undisclosed accounts payable and accrued liabilities    (284)(94)(19)
Debt8765185 12123
Disposal group, including discontinued operation  03   
Customer advances and deposits   11
Other liabilities47454540423630
Other undisclosed current liabilities313032363799841
Total current liabilities:326233243409451299120
Noncurrent Liabilities
Long-term debt and lease obligation9549981,0047621,0261,3241,396
Long-term debt, excluding current maturities8899719777461,0111,3081,381
Finance lease, liability16
Capital lease obligations272716161616
Operating lease, liability50
Liabilities, other than long-term debt18312937355762
Deferred revenue and credits   2219
Liability for uncertainty in income taxes     21
Other liabilities18312937353440
Derivative instruments and hedges, liabilities      1
Other undisclosed noncurrent liabilities     (23)(22)
Total noncurrent liabilities:9721,0291,0337991,0611,3571,436
Total liabilities:1,2981,2621,2761,2071,5121,6561,556
Stockholders' equity
Stockholders' equity attributable to parent, including:2,5752,6632,5342,4832,3012,2171,898
Common stock2222222
Additional paid in capital2,6842,7292,6792,5972,4592,4192,069
Retained earnings1,3181,183932787653306224
Other undisclosed stockholders' equity attributable to parent(1,430)(1,250)(1,080)(903)(813)(510)(396)
Stockholders' equity attributable to noncontrolling interest46484849505254
Total stockholders' equity:2,6212,7112,5822,5322,3512,2691,952
TOTAL LIABILITIES AND EQUITY:3,9193,9733,8583,7393,8633,9253,509

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,1151,1591,1941,1891,2491,142924
Revenue, net1,1941,1891,2491,142924
Cost of revenue (43)(680)(645)(665)(619)(561)
Cost of goods and services sold (43)(517)(518)(543)(508)(409)
Gross profit:1,1151,116514544584523363
Operating expenses(978)(977)(373)(374)(403)(367)(264)
Other undisclosed operating income 160     
Operating income:13729914117018015799
Nonoperating income5911502023043
Investment income, nonoperating43 451822611
Other nonoperating income171142433
Interest and debt expense(54)(49)(53)(51)(69)(77)(72)
Income from continuing operations before equity method investments, income taxes:1432611381403418430
Other undisclosed loss from continuing operations before income taxes     (1)(1)
Income from continuing operations before income taxes:1432611381403418330
Income tax expense (benefit)0(2)81(1)(0)(8)
Income from continuing operations:1432591461413408322
Income from discontinued operations  7 16548
Net income:1432591531413568870
Net loss attributable to noncontrolling interest(7)(9)(8)(6)(8)(7)(4)
Net income attributable to parent:1362501451343478166
Preferred stock dividends and other adjustments(13)(13)(13)(16)(9)(9)(19)
Undistributed earnings (loss) allocated to participating securities, basic (0) 
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1) (0)(0)
Net income available to common stockholders, basic:1222361321173387247
Other undisclosed net loss available to common stockholders, diluted    (2)(1) 
Net income available to common stockholders, diluted:1222361321173377147

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1432591531413568870
Other undisclosed comprehensive income      5
Comprehensive income:1432591531413568875
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(9)(8)(6)(8)(7)4
Other undisclosed comprehensive loss, net of tax, attributable to parent   (16)(9)(9)(28)
Comprehensive income, net of tax, attributable to parent:1362501451183387252

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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