Sotherly Hotels Inc. (SOHO) financial statements (2022 and earlier)

Company profile

Business Address 306 SOUTH HENRY STREET
WILLIAMSBURG, VA 23185
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments13,16725,29823,73833,79329,77831,76711,494
Cash and cash equivalents13,16725,29823,73833,79329,77831,76711,494
Total current assets:13,16725,29823,73833,79329,77831,76711,494
Noncurrent Assets
Other undisclosed assets422,884447,736463,489459,690380,175374,253381,564
TOTAL ASSETS:436,051473,034487,227493,483409,953406,020393,058
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities419,548428,833385,820411,216315,778324,680340,200
Total liabilities:419,548428,833385,820411,216315,778324,680340,200
Stockholders' equity
Stockholders' equity attributable to parent, including:21,26249,550102,60681,82593,02079,01049,003
Preferred stock     16 
Common stock174150143142141145145
Additional paid in capital177,652180,190180,516147,085146,249118,39582,749
Accumulated deficit(153,522)(127,197)(73,991)(61,052)(48,766)(39,546)(33,891)
Unearned esop shares(3,083)(3,636)(4,106)(4,380)(4,633)  
Other undisclosed stockholders' equity attributable to parent4144443029  
Stockholders' equity attributable to noncontrolling interest(4,759)(5,349)(1,199)4421,1552,3293,855
Total stockholders' equity:16,50344,201101,40782,26694,17581,33952,858
TOTAL LIABILITIES AND EQUITY:436,051473,034487,227493,483409,953406,020393,058

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues127,58871,503185,788178,173154,267152,846138,533
Revenue, net154,267152,846138,533
Cost of revenue
(Cost of Goods and Services Sold)
(96,693)(74,727)(138,850)(130,489)(113,277)(112,833)(101,885)
Gross profit:30,895(3,224)46,93847,68440,98940,01336,648
Operating expenses(38,950)(26,525)(28,591)(158,067)(138,103)(134,239)(123,203)
Other undisclosed operating income   130,489113,277112,833101,885
Operating income (loss):(8,055)(29,750)18,34720,10616,16418,60715,330
Nonoperating income
(Investment Income, Nonoperating)
14721044435329511650
Interest and debt expense(22,687)(18,057)(20,921)(20,707)(16,906)(17,735)(17,289)
Income (loss) from continuing operations before equity method investments, income taxes:(30,595)(47,596)(2,130)(248)(447)988(1,908)
Income from equity method investments      476
Other undisclosed income (loss) from continuing operations before income taxes2,082(806)3,0561092,214(1,455)6,494
Income (loss) from continuing operations before income taxes:(28,512)(48,402)926(139)1,767(467)5,062
Income tax expense (benefit)(27)(5,280)249(469)(1,738)1,3681,336
Net income (loss):(28,540)(53,683)1,176(608)299006,398
Net income (loss) attributable to noncontrolling interest2,3184,48973471841327(1,041)
Net income (loss) attributable to parent:(26,221)(49,194)1,9091104439275,357
Preferred stock dividends and other adjustments(7,542)(8,756)(7,821)(5,830)(3,782)(1,145) 
Other undisclosed net income available to common stockholders, basic361      
Net income (loss) available to common stockholders, diluted:(33,402)(57,949)(5,911)(5,720)(3,339)(218)5,357

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(28,540)(53,683)1,176(608)299006,398
Comprehensive income (loss):(28,540)(53,683)1,176(608)299006,398
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2,3184,48973471841327(1,041)
Comprehensive income (loss), net of tax, attributable to parent:(26,221)(49,194)1,9091104439275,357

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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