UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 31, 2003
WESTCOAST HOSPITALITY CORPORATION
Exact Name of Registrant as Specified in Charter)
Washington 001-13957 91-1032187
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(State or other jurisdiction (Commission file number) (I.R.S. Employer
of incorporation) Identification No.)
201 W. North River Drive
Suite 100
Spokane, Washington 99201
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Address of Principal Zip Code)
Executive Offices)
(509) 459-6100
(Registrant's telephone number, including area code)
ITEM 7. Financial Statements and Exhibits
(c) Exhibits.
The following exhibit is furnished pursuant to Item 12 hereof:
Exhibit No. Exhibit
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99.1 Press release dated July 31, 2003 reporting second quarter 2003
financial results
ITEM 12. Results of Operations and Financial Condition
On July 31, 2003, the registrant issued a press release setting forth its
second quarter 2003 financial results. A copy of the press release is furnished
as Exhibit 99.1 to this Form 8-K.
The press release disclosed that the registrant's net cash provided by
operating activities for the three months ended June 30, 2003 and 2002 was
$2,858,000 and $4,587,000, respectively. EBITDA (income before income taxes,
interest expense and income, depreciation and amortization, other income
(expense), gain (loss) on asset disposal, minority interest and equity income
(loss) in investments) for the same periods was $9,275,000 and $10,993,000,
respectively. The press release also disclosed that the registrant's net cash
provided by operating activities for the six months ended June 30, 2003 and 2002
was $4,433,000 and $10,368,000, respectively. EBITDA for the same periods was
$11,828,000 and $15,213,000, respectively. A reconciliation of EBITDA to net
cash provided by operating activities for these periods was attached to the
press release.
The information furnished in this report on Form 8-K shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934
(the "Exchange Act") or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933 or the Exchange Act, except as expressly set forth by
specific reference in such a filing.
By filing this report on Form 8-K, WestCoast Hospitality Corporation makes
no admission as to the materiality of any information in this report. WestCoast
Hospitality Corporation reserves the right to discontinue the availability of
the information in the attached exhibit from its website at any time.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WESTCOAST HOSPITALITY CORPORATION
(Registrant)
/s/ Peter P. Hausback
Vice President,
Date: July 31, 2003 Chief Financial Officer
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(Signature)
EXHIBIT INDEX
Exhibit No. Exhibit
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99.1 Press release dated July 31, 2003 reporting second quarter 2003
financial results
Exhibit 99.1