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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64214244373529
Cash and cash equivalents64214244373529
Prepaid expense8763321
Total current assets:73274847403730
Noncurrent Assets
Operating lease, right-of-use asset272830
Intangible assets, net (including goodwill)111111212266
Intangible assets, net (excluding goodwill)111111212266
Regulated entity, other noncurrent assets1277655 
Total noncurrent assets:4946472727116
Other undisclosed assets2,1432,1592,2602,1482,1441,6701,545
TOTAL ASSETS:2,2652,2332,3562,2222,2101,7191,581
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt   5555
Off-market lease, unfavorable   5555
Total noncurrent liabilities:   5555
Other undisclosed liabilities1,1581,1811,1121,026928700719
Total liabilities:1,1581,1811,1121,030932705724
Stockholders' equity
Stockholders' equity attributable to parent, including:9489891,1741,1901,2751,010853
Common stock1111111
Additional paid in capital1,2251,1971,1911,1851,2631,011894
Accumulated other comprehensive income (loss)(16)(31)(16)(1)1(1)(2)
Retained earnings (accumulated deficit)(263)(179)(2)59  
Other undisclosed stockholders' equity attributable to parent00000(1)(41)
Stockholders' equity attributable to noncontrolling interest15963702334
Total stockholders' equity:1,1071,0521,2431,1921,2771,013857
TOTAL LIABILITIES AND EQUITY:2,2652,2332,3562,2222,2101,7191,581

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues362234549567515474463
Revenue, net515474463
Cost of revenue(358)(321)(449)(461)(326)(296)(296)
Cost of goods and services sold    (326)(296)(296)
Gross profit:4(87)100106190178168
Operating expenses(38)(23)(26)(23)(20)(95)(87)
Other undisclosed operating income (loss)0(0)4541(86)(1)(1)
Operating income (loss):(33)(109)119125848280
Nonoperating income (expense)(34)(38)(36)(35)172446
Other nonoperating income105574311
Interest and debt expense(43)(43)(41)(42)(30)(28)(30)
Income (loss) from continuing operations before equity method investments, income taxes:(110)(191)4348727995
Other undisclosed income from continuing operations before income taxes43434142302830
Income (loss) from continuing operations before income taxes:(67)(148)8490101107126
Income tax expense (benefit)(1)(1)(2)1(2)1(1)
Net income (loss):(69)(149)8291100108125
Net income (loss) attributable to noncontrolling interest360(0)(0)(0)(1)
Net income (loss) attributable to parent:(66)(143)839199108124
Preferred stock dividends and other adjustments(18)(15)(15)(20)(20)(20)(17)
Undistributed earnings (loss) allocated to participating securities, basic (0)   
Net income (loss) available to common stockholders, diluted:(84)(158)68717987108

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(69)(149)8291100108125
Other comprehensive income (loss)15(15)(15)(3)210
Comprehensive income (loss):(53)(164)6888102109125
Comprehensive loss, net of tax, attributable to noncontrolling interest   (0)(0)  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent360  (0)(1)
Comprehensive income (loss), net of tax, attributable to parent:(50)(158)6888102108125

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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