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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42443735293947
Cash and cash equivalents42443735293947
Prepaid expense6332145
Total current assets:48474037304351
Noncurrent Assets
Operating lease, right-of-use asset30
Intangible assets, net (including goodwill)11212266 
Intangible assets, net (excluding goodwill)11212266  
Regulated entity, other noncurrent assets7655   
Total noncurrent assets:472727116  
Other undisclosed assets2,2602,1482,1441,6701,5451,4161,243
TOTAL ASSETS:2,3562,2222,2101,7191,5811,4591,294
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 liabilities1,1121,026928700719674472
Total liabilities:1,1121,030932705724674472
Stockholders' equity
Stockholders' equity attributable to parent, including:1,1741,1901,2751,010853780810
Common stock1111111
Additional paid in capital1,1911,1851,2631,011894888883
Accumulated other comprehensive income (loss)(16)(1)1(1)(2)(2)(1)
Retained earnings (accumulated deficit)(2)59  (108)(73)
Other undisclosed stockholders' equity attributable to parent000(1)(41)00
Stockholders' equity attributable to noncontrolling interest7023346 
Other undisclosed stockholders' equity      13
Total stockholders' equity:1,2431,1921,2771,013857785822
TOTAL LIABILITIES AND EQUITY:2,3562,2222,2101,7191,5811,4591,294

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues549567515474463403299
Revenue, net515474463403299
Cost of revenue(449)(461)(326)(296)(296)(261)(198)
Cost of goods and services sold  (326)(296)(296)(261)(198)
Gross profit:100106190178168142101
Operating expenses(26)(23)(20)(95)(87)(94)(62)
Other undisclosed operating income (loss)4541(86)(1)(1)(0)(6)
Operating income:1191258482804733
Nonoperating income (expense)(36)(35)172446(26)(22)
Other nonoperating income (expense)5743111(0)
Interest and debt expense(41)(42)(30)(28)(30)(27)(20)
Income (loss) from continuing operations before equity method investments, income taxes:4348727995(6)(9)
Other undisclosed income from continuing operations before income taxes41423028302720
Income from continuing operations before income taxes:84901011071262112
Income tax expense (benefit)(2)1(2)1(1)(1)(5)
Income from continuing operations:8291100108125207
Income (loss) from discontinued operations     0(1)
Net income:8291100108125216
Net income (loss) attributable to noncontrolling interest0(0)(0)(0)(1)(0)(0)
Net income attributable to parent:839199108124216
Preferred stock dividends and other adjustments(15)(20)(20)(20)(17)(17)(15)
Net income (loss) available to common stockholders, diluted:687179871084(9)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:8291100108125216
Other comprehensive income (loss)(15)(3)210(0)(1)
Comprehensive income:6888102109125215
Comprehensive loss, net of tax, attributable to noncontrolling interest (0)(0)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0  (0)(1)(0)0
Comprehensive income, net of tax, attributable to parent:6888102108125215

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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