Summit Hotel Properties (INN) Financial Statements
Price: $5.44
Market Cap: $597.21M
Avg Volume: 726.29K
Market Cap: $597.21M
Avg Volume: 726.29K
Country: US
Industry: REIT - Hotel & Motel
Sector: Real Estate
Industry: REIT - Hotel & Motel
Sector: Real Estate
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Summit Hotel Properties.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $731.78M | $736.13M | $675.70M | $361.93M | $234.46M | $549.35M | $567.27M | $515.38M | $473.94M | $463.45M |
| Cost of Revenue | $472.14M | $478.11M | $419.79M | $244.61M | $200.40M | $333.20M | $341.43M | $190.38M | $174.83M | $173.85M |
| Gross Profit | $259.64M | $258.02M | $255.90M | $117.31M | $34.07M | $216.15M | $225.84M | $324.99M | $299.11M | $289.60M |
| Gross Profit Ratio | 35.48% | 35.10% | 37.87% | 32.40% | 14.53% | 39.35% | 39.81% | 63.06% | 63.11% | 62.49% |
| Research and Development Expenses | $- | $- | $0 | $-0 | $-1 | $0 | $0 | $0 | $0 | $- |
| General and Administrative Expenses | $31.89M | $50.98M | $48.21M | $39.29M | $27.26M | $40.20M | $40.03M | $19.60M | $19.29M | $21.20M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $31.89M | $50.98M | $48.21M | $39.29M | $27.26M | $40.20M | $40.03M | $19.60M | $19.29M | $21.20M |
| Other Expenses | $124.26M | $148.25M | $149.06M | $103.32M | $114.44M | $99.44M | $6.95M | $3.78M | $2.56M | $11.15M |
| Operating Expenses | $156.15M | $199.24M | $197.27M | $142.61M | $141.70M | $139.64M | $141.04M | $240.74M | $212.55M | $207.23M |
| Cost and Expenses | $628.29M | $677.34M | $617.06M | $387.22M | $342.10M | $472.84M | $482.47M | $431.13M | $387.38M | $381.08M |
| Interest Income | $1.91M | $1.69M | $65.52M | $43.36M | $43.16M | $40.75M | $- | $- | $- | $- |
| Interest Expense | $82.63M | $86.80M | $65.58M | $43.37M | $43.30M | $41.03M | $41.94M | $29.69M | $28.09M | $30.41M |
| Depreciation and Amortization | $146.44M | $150.92M | $617.81M | $391.07M | $342.10M | $472.84M | $482.47M | $431.48M | $390.87M | $64.05M |
| EBITDA | $259.22M | $212.40M | $208.05M | $83.07M | $1.98M | $175.95M | $185.81M | $169.82M | $155.47M | $145.18M |
| EBITDA Ratio | 35.42% | 28.85% | 31.29% | 24.92% | 2.91% | 33.03% | 33.98% | 33.75% | 34.08% | 34.00% |
| Operating Income | $103.49M | $58.79M | $67.78M | $-15.77M | $-102.79M | $81.98M | $125.20M | $83.89M | $82.49M | $80.01M |
| Operating Income Ratio | 14.14% | 7.99% | 10.03% | -4.36% | -43.84% | 14.92% | 22.07% | 16.28% | 17.40% | 17.26% |
| Total Other Income Expenses Net | $-73.34M | $-84.11M | $-62.95M | $-33.84M | $-38.46M | $-35.56M | $-34.99M | $17.30M | $-25.53M | $45.80M |
| Income Before Tax | $30.15M | $-25.32M | $4.83M | $-67.11M | $-147.87M | $83.85M | $90.20M | $101.19M | $106.81M | $125.81M |
| Income Before Tax Ratio | 4.12% | -3.44% | 0.71% | -18.54% | -63.07% | 15.26% | 15.90% | 19.64% | 22.54% | 27.15% |
| Income Tax Expense | $-8.74M | $2.80M | $3.61M | $1.47M | $1.38M | $1.50M | $-922.00K | $1.67M | $-1.45M | $553.00K |
| Net Income | $25.14M | $-9.49M | $1.47M | $-68.58M | $-149.25M | $82.61M | $90.92M | $99.21M | $107.81M | $124.44M |
| Net Income Ratio | 3.44% | -1.29% | 0.22% | -18.95% | -63.65% | 15.04% | 16.03% | 19.25% | 22.75% | 26.85% |
| EPS | $0.24 | $-0.27 | $0.01 | $-0.66 | $-1.43 | $0.65 | $0.88 | $0.79 | $1.00 | $1.25 |
| EPS Diluted | $0.19 | $-0.27 | $0.01 | $-0.66 | $-1.43 | $0.65 | $0.88 | $0.79 | $1.00 | $1.24 |
| Weighted Average Shares Outstanding | 105.93M | 105.55M | 105.14M | 104.47M | 104.14M | 103.89M | 103.62M | 99.41M | 86.87M | 85.92M |
| Weighted Average Shares Outstanding Diluted | 132.37M | 105.55M | 105.14M | 104.47M | 104.14M | 103.94M | 103.84M | 99.78M | 87.34M | 87.14M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $40.64M | $37.84M | $51.26M | $64.48M | $20.72M | $42.24M | $44.09M | $36.55M | $34.69M | $29.33M |
| Short Term Investments | $2.75B | $13.96M | $2.79B | $- | $- | $- | $3.46M | $1.51M | $- | $- |
| Cash and Short Term Investments | $2.79B | $51.80M | $51.26M | $64.48M | $20.72M | $42.24M | $44.09M | $36.55M | $34.69M | $29.33M |
| Net Receivables | $19.78M | $21.35M | $21.02M | $14.48M | $11.78M | $13.28M | $13.98M | $16.98M | $11.81M | $9.44M |
| Inventory | $- | $- | $89.13M | $54.05M | $25.74M | $33.55M | $36.10M | $30.66M | $87.58M | $156.21M |
| Other Current Assets | $9.37M | $93.27M | $47.76M | $50.62M | $35.53M | $45.78M | $55.51M | $46.40M | $95.11M | $171.49M |
| Total Current Assets | $2.81B | $166.41M | $169.78M | $136.34M | $84.55M | $123.32M | $134.98M | $106.00M | $158.14M | $210.25M |
| Property Plant Equipment Net | $33.31M | $34.81M | $35.02M | $26.94M | $28.42M | $29.88M | $2.04B | $2.05B | $1.52B | $1.33B |
| Goodwill | $- | $- | $- | $- | $- | $- | $-18.91M | $- | $- | $- |
| Intangible Assets | $32.27M | $39.95M | $39.95M | $10.83M | $11.23M | $11.23M | $20.96M | $22.76M | $6.25M | $6.12M |
| Goodwill and Intangible Assets | $32.27M | $39.95M | $39.95M | $10.83M | $11.23M | $11.23M | $2.05M | $22.76M | $6.25M | $6.12M |
| Long Term Investments | $- | $13.96M | $16.84M | $2.09B | $2.10B | $30.94M | $30.70M | $12.36M | $17.59M | $-1.33B |
| Tax Assets | $11.29M | $20.00K | $108.00K | $49.00K | $2.00K | $2.14M | $2.05M | $1.62M | $2.50M | $112.00K |
| Other Non-Current Assets | $2.75B | $2.68B | $2.76B | $3.80M | $8.18M | $2.16B | $7.93M | $12.43M | $12.03M | $1.36B |
| Total Non-Current Assets | $2.82B | $2.77B | $2.85B | $2.13B | $2.15B | $2.23B | $2.09B | $2.10B | $1.56B | $1.37B |
| Other Assets | $-2.73B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.90B | $2.94B | $3.02B | $2.26B | $2.23B | $2.36B | $2.22B | $2.21B | $1.72B | $1.58B |
| Account Payables | $7.45M | $4.83M | $5.52M | $4.46M | $2.67M | $4.77M | $5.39M | $7.77M | $4.62M | $2.95M |
| Short Term Debt | $- | $19.19M | $217.19M | $66.31M | $3.91M | $3.74M | $- | $- | $15.83M | $- |
| Tax Payables | $26.57M | $26.59M | $28.97M | $17.45M | $17.71M | $21.39M | $19.57M | $16.66M | $11.17M | $12.90M |
| Deferred Revenue | $6.85M | $- | $- | $- | $- | $- | $19.57M | $-108.70M | $11.17M | $12.90M |
| Other Current Liabilities | $-33.41M | $235.44M | $-246.16M | $-17.54M | $43.47M | $46.62M | $-19.57M | $-16.66M | $-27.00M | $23.57M |
| Total Current Liabilities | $7.45M | $286.04M | $86.82M | $70.68M | $67.77M | $76.53M | $71.44M | $64.26M | $51.50M | $45.12M |
| Long Term Debt | $24.87M | $1.44B | $1.26B | $1.02B | $1.11B | $1.03B | $958.71M | $868.24M | $636.59M | $671.54M |
| Deferred Revenue Non-Current | $- | $- | $1.56B | $1.16B | $1.18B | $1.11B | $1.03B | $932.50M | $705.03M | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $25.48M | $17.23M | $18.44M | $19.60M | $4.62M | $4.72M | $4.81M | $- |
| Other Non-Current Liabilities | $1.48B | $-183.07M | $298.49M | $66.31M | $3.91M | $3.74M | $- | $- | $63.83M | $7.51M |
| Total Non-Current Liabilities | $1.50B | $1.26B | $1.48B | $1.09B | $1.11B | $1.04B | $958.71M | $868.24M | $653.53M | $678.91M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.51B | $1.54B | $1.56B | $1.16B | $1.18B | $1.11B | $1.03B | $932.50M | $705.03M | $724.03M |
| Preferred Stock | $- | $104.00K | $104.00K | $104.00K | $94.00K | $94.00K | $94.00K | $128.00K | $94.00K | $84.00K |
| Common Stock | $1.08M | $1.08M | $1.07M | $1.06M | $1.06M | $1.05M | $1.05M | $1.04M | $935.00K | $868.00K |
| Retained Earnings | $-347.04M | $-339.85M | $-288.20M | $-262.64M | $-179.01M | $-2.28M | $4.84M | $9.20M | $-1.42M | $-40.63M |
| Accumulated Other Comprehensive Income Loss | $9.17M | $10.97M | $14.54M | $-15.64M | $-30.72M | $-16.03M | $-1.44M | $1.45M | $-977.00K | $-1.67M |
| Other Total Stockholders Equity | $1.25B | $1.24B | $1.23B | $1.23B | $1.20B | $1.19B | $1.19B | $1.26B | $1.01B | $894.06M |
| Total Stockholders Equity | $909.54M | $911.20M | $959.81M | $948.07M | $988.74M | $1.17B | $1.19B | $1.27B | $1.01B | $852.71M |
| Total Equity | $959.76M | $1.40B | $1.46B | $1.11B | $1.05B | $1.24B | $1.19B | $1.28B | $1.01B | $856.93M |
| Total Liabilities and Stockholders Equity | $2.90B | $2.94B | $3.02B | $2.26B | $2.23B | $2.36B | $2.22B | $2.21B | $1.72B | $1.58B |
| Minority Interest | $50.22M | $485.50M | $498.36M | $159.12M | $63.32M | $69.61M | $2.29M | $2.87M | $3.43M | $4.21M |
| Total Liabilities and Total Equity | $2.90B | $2.94B | $3.02B | $2.26B | $2.23B | $2.36B | $2.22B | $2.21B | $1.72B | $1.58B |
| Total Investments | $2.75B | $13.96M | $2.79B | $2.09B | $2.10B | $30.94M | $30.70M | $12.36M | $17.59M | $-1.33B |
| Total Debt | $1.42B | $1.46B | $1.69B | $1.09B | $1.11B | $1.04B | $958.71M | $868.24M | $652.41M | $677.10M |
| Net Debt | $-40.64M | $1.42B | $1.64B | $1.02B | $1.09B | $993.53M | $914.62M | $831.69M | $617.72M | $647.77M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $38.89M | $-9.49M | $1.22M | $-68.58M | $-149.25M | $82.35M | $91.13M | $99.52M | $108.26M | $125.26M |
| Depreciation and Amortization | $146.44M | $150.92M | $150.16M | $105.95M | $109.62M | $99.44M | $101.01M | $85.93M | $72.41M | $64.05M |
| Deferred Income Tax | $762.00K | $84.00K | $-59.00K | $-19.00K | $2.06M | $-12.00K | $-430.00K | $887.00K | $-2.39M | $64.00K |
| Stock Based Compensation | $8.13M | $7.74M | $8.45M | $10.68M | $6.48M | $6.22M | $6.67M | $5.89M | $4.22M | $4.75M |
| Change in Working Capital | $2.07M | $672.00K | $13.49M | $12.59M | $-17.72M | $2.01M | $2.58M | $-4.15M | $2.39M | $-967.00K |
| Accounts Receivables | $2.72M | $-334.00K | $-7.26M | $-2.70M | $1.29M | $511.00K | $2.79M | $-5.03M | $-2.65M | $-1.73M |
| Inventory | $- | $1 | $- | $- | $- | $- | $-71.55M | $-2.45M | $-626.00K | $28.00K |
| Accounts Payables | $2.51M | $-380.00K | $-438.00K | $1.85M | $-1.42M | $-314.00K | $-424.00K | $4.10M | $4.48M | $714.00K |
| Other Working Capital | $-3.16M | $1.39M | $21.19M | $13.43M | $-17.59M | $1.81M | $71.76M | $-769.00K | $1.20M | $18.00K |
| Other Non Cash Items | $-29.97M | $3.71M | $-3.64M | $5.43M | $6.76M | $-41.53M | $-39.30M | $-41.15M | $-46.95M | $-60.94M |
| Net Cash Provided by Operating Activities | $166.32M | $153.64M | $169.62M | $66.05M | $-42.05M | $148.48M | $161.65M | $146.92M | $137.94M | $132.22M |
| Investments in Property Plant and Equipment | $- | $-89.58M | $-76.47M | $-20.36M | $-22.63M | $-59.27M | $-66.61M | $-37.19M | $-42.43M | $-43.20M |
| Acquisitions Net | $- | $- | $204.80M | $115.55M | $622.00K | $68.71M | $- | $- | $-244.71M | $-236.52M |
| Purchases of Investments | $- | $-50.02M | $-288.90M | $-79.69M | $-9.91M | $-290.92M | $-100.68M | $-631.56M | $-275.22M | $-239.23M |
| Sales Maturities of Investments | $- | $1.46M | $1.10M | $25.80M | $4.03M | $2.30M | $200.00K | $32.50M | $17.86M | $1.26M |
| Other Investing Activities | $-71.50M | $36.18M | $-131.04M | $-115.55M | $-2.82M | $97.01M | $-63.06M | $-515.52M | $-154.44M | $-131.11M |
| Net Cash Used for Investing Activities | $-71.50M | $-101.96M | $-290.51M | $-74.24M | $-30.71M | $-182.16M | $-63.06M | $-515.52M | $-154.44M | $-131.11M |
| Debt Repayment | $- | $-17.28M | $-398.00K | $-20.16M | $78.75M | $57.71M | $91.90M | $215.56M | $-19.55M | $50.26M |
| Common Stock Issued | $- | $- | $- | $96.62M | $- | $- | $- | $318.31M | $161.35M | $- |
| Common Stock Repurchased | $-939.00K | $-1.80M | $-2.46M | $-77.69M | $-469.00K | $-839.00K | $-2.72M | $-961.00K | $-1.26M | $- |
| Dividends Paid | $-36.88M | $-45.77M | $-28.39M | $-15.52M | $-34.25M | $-90.78M | $-92.25M | $-85.64M | $-66.71M | $-57.60M |
| Other Financing Activities | $-56.42M | $-1.28M | $117.00M | $8.00M | $-2.21M | $64.87M | $-88.98M | $241.49M | $-51.95M | $-3.01M |
| Net Cash Used Provided by Financing Activities | $-94.23M | $-65.72M | $85.76M | $66.24M | $41.83M | $30.96M | $-92.05M | $370.45M | $21.88M | $-10.36M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $590.00K | $-14.04M | $-35.14M | $58.05M | $-30.94M | $-2.72M | $6.55M | $1.85M | $5.37M | $-9.26M |
| Cash at End of Period | $48.36M | $47.77M | $61.81M | $96.94M | $38.90M | $69.83M | $72.56M | $36.55M | $34.69M | $29.33M |
| Cash at Beginning of Period | $47.77M | $61.81M | $96.94M | $38.90M | $69.83M | $72.56M | $66.01M | $34.69M | $29.33M | $38.58M |
| Operating Cash Flow | $166.32M | $153.64M | $169.62M | $66.05M | $-42.05M | $148.48M | $161.65M | $146.92M | $137.94M | $132.22M |
| Capital Expenditure | $- | $-89.58M | $-76.47M | $-20.36M | $-22.63M | $-59.27M | $-66.61M | $-37.19M | $-42.43M | $-43.20M |
| Free Cash Flow | $166.32M | $64.06M | $93.15M | $45.70M | $-64.68M | $89.21M | $95.04M | $109.73M | $95.50M | $89.02M |