Sunstone Hotel Investors, Inc. (SHO) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments120368817809488370499
Cash and cash equivalents120368817809488370499
Restricted cash and investments42484853716876
Receivables2993534343932
Inventory, net of allowances, customer advances and progress billings   1111
Inventory   1111
Prepaid expense   11101011
Disposal group, including discontinued operation76   12379 
Other undisclosed current assets141014    
Total current assets:282435914908728568620
Noncurrent Assets
Finance lease, right-of-use asset 4648
Operating lease, right-of-use asset232661
Intangible assets, net (including goodwill)0111112
Goodwill      1
Intangible assets, net (excluding goodwill)0111111
Deferred costs      4
Other noncurrent assets131222302299
Other undisclosed noncurrent assets2,7222,4652,8743,0343,1063,1613,228
Total noncurrent assets:2,7592,5513,0053,0643,1303,1723,244
TOTAL ASSETS:3,0412,9863,9193,9733,8583,7393,863
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:231916115216114530
Employee-related liabilities20152525272528
Taxes payable      18
Interest and dividends payable43136126134120268
Other undisclosed accounts payable and accrued liabilities      (284)
Debt2128765185 
Disposal group, including discontinued operation25   03 
Other liabilities59334745454042
Other undisclosed current liabilities483731303236379
Total current liabilities:17691326233243409451
Noncurrent Liabilities
Long-term debt and lease obligation6147889549981,0047621,026
Long-term debt, excluding current maturities5897438899719777461,011
Finance lease, liability 1616
Capital lease obligations27271616
Operating lease, liability253050
Liabilities, other than long-term debt12171831293735
Other liabilities12171831293735
Total noncurrent liabilities:6268069721,0291,0337991,061
Total liabilities:8018961,2981,2621,2761,2071,512
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1992,0492,5752,6632,5342,4832,301
Common stock2222222
Additional paid in capital2,6312,5862,6842,7292,6792,5972,459
Retained earnings9489141,3181,183932787653
Other undisclosed stockholders' equity attributable to parent(1,383)(1,453)(1,430)(1,250)(1,080)(903)(813)
Stockholders' equity attributable to noncontrolling interest41414648484950
Total stockholders' equity:2,2402,0892,6212,7112,5822,5322,351
TOTAL LIABILITIES AND EQUITY:3,0412,9863,9193,9733,8583,7393,863

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5092681,1151,1591,1941,1891,249
Revenue, net1,1941,1891,249
Cost of revenue   (43)(680)(645)(665)
Cost of goods and services sold   (43)(517)(518)(543)
Gross profit:5092681,1151,116514544584
Operating expenses(597)(662)(978)(977)(373)(374)(403)
Other undisclosed operating income   160   
Operating income (loss):(88)(394)137299141170180
Nonoperating income1523759115020230
Investment income, nonoperating1533443 4518226
Other nonoperating income (expense)(0)31711424
Interest and debt expense(31)(47)(54)(49)(53)(51)(69)
Income (loss) from continuing operations before income taxes:33(404)143261138140341
Income tax expense (benefit)(0)(7)0(2)81(1)
Income (loss) from continuing operations:33(411)143259146141340
Income from discontinued operations    7 16
Net income (loss):33(411)143259153141356
Net income (loss) attributable to noncontrolling interest16(7)(9)(8)(6)(8)
Net income (loss) attributable to parent:34(405)136250145134347
Preferred stock dividends and other adjustments(21)(13)(13)(13)(13)(16)(9)
Undistributed earnings (loss) allocated to participating securities, basic(0)  (0) 
Other undisclosed net loss available to common stockholders, basic (0)(1)(1)(1)(1) 
Net income (loss) available to common stockholders, basic:14(418)122236132117338
Other undisclosed net loss available to common stockholders, diluted      (2)
Net income (loss) available to common stockholders, diluted:14(418)122236132117337

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):33(411)143259153141356
Comprehensive income (loss):33(411)143259153141356
Comprehensive income (loss), net of tax, attributable to noncontrolling interest16(7)(9)(8)(6)(8)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (16)(9)
Comprehensive income (loss), net of tax, attributable to parent:34(405)136250145118338

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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