Xenia Hotels & Resorts (XHR) Cash Flow: Operating & Free Cash Flow

Xenia Hotels & Resorts (XHR) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Xenia Hotels & Resorts generated $176.51M of operating cash flow and spent $112.05M on capital expenditures. That left free cash flow of $64.46M, up 178.3% from $23.17M a year earlier, or 6.0% of revenue. It returned $175.13M to shareholders through $54.20M in dividends and $120.93M in share buybacks.

Xenia Hotels & Resorts Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Xenia Hotels & Resorts, Inc. (XHR) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	66.90	16.87	19.87	57.63	-146.62	-163.33	55.40	198.53	100.82
Depreciation & Amortization	130.72	128.75	131.81	132.11	129.39	146.55	155.33	158.12	153.44
Deferred Income Tax	0.00	0.00	0.00	-2.21	30.33	-62.96	0.00	-122.94	-49.52
Stock Based Compensation	13.07	13.66	13.17	11.41	11.62	10.93	9.38	9.17	9.93
Change in Working Capital	2.66	3.09	28.73	11.13	10.09	-13.19	-5.58	8.72	-4.70
Change in Accounts Receivable	-1.18	6.67	5.13	-8.92	-19.68	27.35	-1.76	4.10	-1.91
Change in Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.02
Change in Accounts Payable	-4.14	-2.24	0.00	22.49	24.06	-23.29	0.00	1.31	-11.04
Change in Other Working Capital	7.98	-1.34	3.30	-2.43	5.70	-17.26	-3.82	3.31	0.23
Other Operating Activities	-36.84	1.35	3.30	-22.95	36.28	10.45	32.04	2.60	2.85
Net Cash from Operating Activities	176.51	163.72	198.07	187.13	40.76	-77.72	246.57	254.19	212.81
Investing Activities
Capital Expenditures	-112.05	-140.55	-120.91	-70.38	-31.82	-69.23	-93.04	-108.21	-86.40
Acquisitions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	65.13	451.90
Purchases of Investments	-25.44	0.00	0.00	-328.49	0.00	0.00	0.00	-354.15	-605.51
Sales/Maturities of Investments	61.45	27.48	0.00	27.29	4.79	226.79	0.00	289.02	153.61
Other Investing Activities	3.57	4.83	2.15	106.19	2.89	96.63	-129.85	58.41	-401.16
Net Cash from Investing Activities	-7.08	-108.25	-118.75	-265.39	-24.21	254.19	-222.89	-49.80	-487.56
Financing Activities
Debt Repayment	-24.43	-58.10	-262.72	-69.55	-375.83	150.38	136.54	-167.61	246.33
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	0.00	135.03	0.00
Common Stock Repurchased	-120.93	-16.51	-134.10	-28.20	-0.90	-3.08	-0.60	-0.84	-4.10
Dividends Paid	-54.20	-47.92	-44.61	-11.68	-0.05	-63.16	-125.87	-121.73	-118.44
Other Financing Activities	-0.35	-12.44	-5.72	-0.63	-14.32	-18.96	-0.42	-18.04	-5.66
Net Cash from Financing Activities	-89.91	-134.97	-222.15	-110.06	108.89	57.37	9.66	-173.19	118.12
Summary
Net Change in Cash	79.53	-79.49	-142.84	-188.32	125.45	233.84	33.34	31.20	-156.62
Cash at Beginning of Period	143.58	223.08	365.91	554.23	428.79	194.95	161.61	130.40	287.03
Cash at End of Period	223.11	143.58	223.08	365.91	554.23	428.79	194.95	161.61	130.40
Free Cash Flow	64.46	23.17	77.16	116.75	8.94	-146.95	153.53	145.98	126.41
Supplemental Disclosures
Interest Paid	-	86.42	83.53	77.49	74.02	43.96	-	-	-
Income Taxes Paid	-	-0.71	-12.93	2.17	0.27	1.62	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Xenia Hotels & Resorts Cash Flow

What is Xenia Hotels & Resorts's free cash flow?

Xenia Hotels & Resorts generated free cash flow of $64.46M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $176.51M minus $112.05M of capital expenditures. That was up 178.3% from $23.17M a year earlier. Free cash flow equaled 6.0% of revenue.

How much does Xenia Hotels & Resorts spend on capital expenditures?

Xenia Hotels & Resorts spent $112.05M on capital expenditures in fiscal 2025, compared with $140.55M a year earlier. That equals 63.5% of operating cash flow.

Does Xenia Hotels & Resorts pay dividends or buy back shares?

Yes. In fiscal 2025 Xenia Hotels & Resorts returned $54.20M in dividends and $120.93M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition