Summit Hotel Properties, Inc. (INN) financial statements (2021 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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21424437352939
Cash and cash equivalents21424437352939
Prepaid expense7633214
Total current assets:27484740373043
Noncurrent Assets
Operating lease, right-of-use asset2830
Intangible assets, net (including goodwill)1111212266 
Intangible assets, net (excluding goodwill)1111212266 
Regulated entity, other noncurrent assets77655  
Total noncurrent assets:46472727116 
Other undisclosed assets2,1592,2602,1482,1441,6701,5451,416
TOTAL ASSETS:2,2332,3562,2222,2101,7191,5811,459
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 liabilities1,1811,1121,026928700719674
Total liabilities:1,1811,1121,030932705724674
Stockholders' equity
Stockholders' equity attributable to parent, including:9891,1741,1901,2751,010853780
Common stock1111111
Additional paid in capital1,1971,1911,1851,2631,011894888
Accumulated other comprehensive income (loss)(31)(16)(1)1(1)(2)(2)
Retained earnings (accumulated deficit)(179)(2)59  (108)
Other undisclosed stockholders' equity attributable to parent0000(1)(41)0
Stockholders' equity attributable to noncontrolling interest637023346
Total stockholders' equity:1,0521,2431,1921,2771,013857785
TOTAL LIABILITIES AND EQUITY:2,2332,3562,2222,2101,7191,5811,459

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues234549567515474463403
Revenue, net515474463403
Cost of revenue(321)(449)(461)(326)(296)(296)(261)
Cost of goods and services sold   (326)(296)(296)(261)
Gross profit:(87)100106190178168142
Operating expenses(23)(26)(23)(20)(95)(87)(94)
Other undisclosed operating income (loss)(0)4541(86)(1)(1)(0)
Operating income (loss):(109)11912584828047
Nonoperating income (expense)(38)(36)(35)172446(26)
Other nonoperating income55743111
Interest and debt expense(43)(41)(42)(30)(28)(30)(27)
Income (loss) from continuing operations before equity method investments, income taxes:(191)4348727995(6)
Other undisclosed income from continuing operations before income taxes43414230283027
Income (loss) from continuing operations before income taxes:(148)849010110712621
Income tax expense (benefit)(1)(2)1(2)1(1)(1)
Income (loss) from continuing operations:(149)829110010812520
Income from discontinued operations      0
Net income (loss):(149)829110010812521
Net income (loss) attributable to noncontrolling interest60(0)(0)(0)(1)(0)
Net income (loss) attributable to parent:(143)83919910812421
Preferred stock dividends and other adjustments(15)(15)(20)(20)(20)(17)(17)
Undistributed earnings (loss) allocated to participating securities, basic(0)   
Net income (loss) available to common stockholders, diluted:(158)687179871084

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(149)829110010812521
Other comprehensive income (loss)(15)(15)(3)210(0)
Comprehensive income (loss):(164)688810210912521
Comprehensive loss, net of tax, attributable to noncontrolling interest  (0)(0)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent60  (0)(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:(158)688810210812521

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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