Summit Hotel Properties, Inc. (INN) financial statements (2022 and earlier)

Company profile

Business Address 13215 BEE CAVE PARKWAY
AUSTIN, TX 78738
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 millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2139125131424849
Cash and cash equivalents2139125131424849
Prepaid expense7   6  
Total current assets:2739125131484849
Noncurrent Assets
Operating lease, right-of-use asset28292930302929
Intangible assets, net (including goodwill)11   11  
Intangible assets, net (excluding goodwill)11   11  
Regulated entity, other noncurrent assets7787755
Total noncurrent assets:46363736473435
Other undisclosed assets2,1592,2002,2192,2552,2602,0672,040
TOTAL ASSETS:2,2332,2752,3812,4232,3562,1492,123
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,1811,1791,2491,2361,112952926
Total liabilities:1,1811,1791,2491,2361,112952926
Stockholders' equity
Stockholders' equity attributable to parent, including:9891,0311,0651,1181,1741,1811,195
Common stock1111111
Additional paid in capital1,1971,1961,1941,1921,1911,1901,188
Accumulated other comprehensive loss(31)(33)(36)(35)(16)(20)(16)
Retained earnings (accumulated deficit)(179)(132)(94)(40)(2)1122
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest6365666970162
Total stockholders' equity:1,0521,0961,1321,1871,2431,1971,197
TOTAL LIABILITIES AND EQUITY:2,2332,2752,3812,4232,3562,1492,123

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues485225108134134143
Cost of revenue(158)(47)(35)(81)(187)(86)(123)
Gross profit:(109)5(10)27(53)4820
Operating expenses75(32)(33)(33)66(29)4
Other undisclosed operating income (loss)(0)0(0)(0)6(0)36
Operating income (loss):(35)(26)(43)(5)181959
Nonoperating expense(10)(10)(10)(9)(9)(8)(10)
Other nonoperating income1112220
Interest and debt expense(11)(11)(11)(11)(11)(9)(10)
Income (loss) from continuing operations before equity method investments, income taxes:(56)(47)(64)(25)(2)240
Other undisclosed income from continuing operations before income taxes1111111111910
Income (loss) from continuing operations before income taxes:(45)(36)(53)(14)91250
Income tax expense (benefit)000(2)(0)0(1)
Net income (loss):(45)(36)(53)(16)91249
Net income (loss) attributable to noncontrolling interest21210(0)(0)
Net income (loss) attributable to parent:(43)(35)(50)(15)91249
Preferred stock dividends and other adjustments(4)(4)(4)(4)(4)(4)(4)
Undistributed earnings (loss) allocated to participating securities, basic   (0)0(0)(0)
Net income (loss) available to common stockholders, diluted:(47)(38)(54)(19)6845

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(45)(36)(53)(16)91249
Other comprehensive income (loss)33(1)(19)4(4)(9)
Comprehensive income (loss):(42)(33)(54)(35)13740
Comprehensive loss, net of tax, attributable to noncontrolling interest      (0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent21210(0) 
Comprehensive income (loss), net of tax, attributable to parent:(40)(32)(51)(34)14740

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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