|
WINSTON
HOTELS, INC.
CONSOLIDATED
STATEMENTS OF SHAREHOLDERS’ EQUITY
For
the years ended December 31, 2000, 1999 and 1998
(in
thousands, except per share amounts)
|
|
|
|
|
|
|
Additional Paid-in Capital
|
Unearned Compensation
|
Distributions in Excess of Earnings
|
Total Shareholders’ Equity
|
|
|
Preferred Stock
|
Common Stock
|
|
|
Shares
|
Dollars
|
Shares
|
Dollars
|
|
|
|
|
|
|
|
|
|
|
|
Balances at December 31, 1997
|
3,000
|
$
|
30
|
16,194
|
$
|
162
|
$
|
223,427
|
$
|
(106)
|
(6,023)
|
$
|
217,490
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of shares
|
--
|
|
--
|
120
|
|
1
|
|
1,330
|
|
(401)
|
--
|
|
930
|
|
Distributions ($1.09 per common share)
|
--
|
|
--
|
--
|
|
--
|
|
--
|
|
--
|
(17,780)
|
|
(17,780)
|
|
Distributions ($2.31 per preferred share)
|
--
|
|
--
|
--
|
|
--
|
|
--
|
|
--
|
(6,938)
|
|
(6,938)
|
|
Unearned compensation amortization
|
--
|
|
--
|
--
|
|
--
|
|
--
|
|
197
|
--
|
|
197
|
|
Net income
|
--
|
|
--
|
--
|
|
--
|
|
--
|
|
--
|
19,526
|
|
19,526
|
|
|
|
|
|
|
|
|
|
|
|
Balances at December 31, 1998
|
3,000
|
|
30
|
16,314
|
|
163
|
|
224,757
|
|
(310)
|
(11,215)
|
|
213,425
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of shares primarily for
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
redemption of partnership units
|
--
|
|
--
|
500
|
|
5
|
|
4,398
|
|
(535)
|
--
|
|
3,868
|
|
Stock registration fees
|
--
|
|
--
|
--
|
|
--
|
|
(49)
|
|
--
|
--
|
|
(49)
|
|
Distributions ($1.12 per common share)
|
--
|
|
--
|
--
|
|
--
|
|
--
|
|
--
|
(18,450)
|
|
(18,450)
|
|
Distributions ($2.31 per preferred share)
|
--
|
|
--
|
--
|
|
--
|
|
--
|
|
--
|
(6,938)
|
|
(6,938)
|
|
Unearned compensation amortization
|
--
|
|
--
|
--
|
|
--
|
|
--
|
|
321
|
--
|
|
321
|
|
Net income
|
--
|
|
--
|
--
|
|
--
|
|
--
|
|
--
|
16,901
|
|
16,901
|
|
|
|
|
|
|
|
|
|
|
|
Balances at December 31, 1999
|
3,000
|
|
30
|
16,814
|
|
168
|
|
229,106
|
|
(524)
|
(19,702)
|
|
209,078
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of shares
|
--
|
|
--
|
83
|
|
1
|
|
722
|
|
(705)
|
--
|
|
18
|
|
Stock registration fees
|
--
|
|
--
|
--
|
|
--
|
|
(32)
|
|
--
|
--
|
|
(32)
|
|
Distributions ($1.12 per common share)
|
--
|
|
--
|
--
|
|
--
|
|
--
|
|
--
|
(18,923)
|
|
(18,923)
|
|
Distributions ($ 2.31 per preferred share)
|
--
|
|
--
|
--
|
|
--
|
|
--
|
|
--
|
(6,938)
|
|
(6,938)
|
|
Unearned compensation amortization
|
--
|
|
--
|
--
|
|
--
|
|
--
|
|
458
|
--
|
|
458
|
|
Net income
|
--
|
|
--
|
--
|
|
--
|
|
--
|
|
--
|
15,055
|
|
15,055
|
|
|
|
|
|
|
|
|
|
|
|
Balances at December 31, 2000
|
3,000
|
$
|
30
|
16,897
|
$
|
169
|
$
|
229,796
|
$
|
(771)
|
(30,508)
|
$
|
198,716
|
|
|
|
|
|
|
|
|
|
|
|
The accompanying notes are an integral part of the
financial statements.
|
|
