Summit Hotel Properties, Inc. (INN)

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Summit Hotel Properties, Inc.

INN • CIK 0001497645

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Operating Income (Loss)	$58,787	$103,490	$65,685	$66,190
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$-25,318	$30,148	$-10,835	$-12,143
Income Tax Expense (Benefit)	$2,798	$-8,743	$842	$-1,628
Net Income (Loss) Attributable to Noncontrolling Interest	$-18,627	$-4,751	$-6,610	$-5,170
Other Preferred Stock Dividends and Adjustments	$2,626	$2,626	$2,626	$2,626
Preferred Stock Dividends, Income Statement Impact	$15,875	$15,875	$15,875	$15,875
Undistributed Earnings (Loss) Available to Common Shareholders, Basic	—	$25,141	$-23,568	$-23,846
Revenues	$736,127	$731,783	$729,472	$736,149
Real Estate Taxes and Insurance	$55,167	$54,116	$54,691	$55,129
Management Fee Expense	—	$15,866	$15,760	$15,441
Depreciation, Depletion and Amortization, Nonproduction	$150,924	$146,436	$149,610	$148,308
General and Administrative Expense	$32,530	$31,891	$32,816	$32,225
Business Combination, Acquisition Related Costs	$13	$10	$0	$0
Asset Impairment Charges	$16,661	$6,723	$1,833	$5,474
Costs and Expenses	$677,003	$657,205	$670,366	$676,711
Gain (Loss) on Disposition of Assets	$-337	$28,912	$6,579	$6,752
InterestExpenseNonoperating	—	$82,632	$80,692	$82,626
Investment Income, Interest	$1,688	$1,906	$1,178	$1,148
Gain (Loss) on Extinguishment of Debt	—	$3,000	$0	$0
Other Nonoperating Income (Expense)	$1,005	$4,384	$2,994	$3,145
Nonoperating Income (Expense)	$-84,105	$-73,342	$-76,520	$-78,333
Weighted Average Number of Shares Outstanding, Basic	105,548,000	105,927,000	106,850,000	104,271,000
Weighted Average Number of Shares Outstanding, Diluted	105,548,000	132,365,000	106,850,000	104,271,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-28,116	$38,891	$-11,677	$-10,515
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable	$-14,824	$-8,499	$-3,721	$-2,291
Dividend, Share-based Payment Arrangement	—	—	$435	$476
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	—	$4,056	$-2,938	$-2,956
Net Income (Loss) Available to Common Stockholders, Basic	$-27,990	$24,833	$-23,954	$-24,245
Interest on Convertible Debt, Net of Tax	—	$4,323	$0	$0
Net Income (Loss) Available to Common Stockholders, Diluted	$-27,990	$29,156	$-23,954	$-24,245
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	—	660,000	0	0
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	—	25,778,000	0	0

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Land Available for Development	$1,451	$7,617	$0	$0
Disposal Group, Including Discontinued Operation, Assets	$73,740	$1,650	$11,967	$18,413
Cash and Cash Equivalents, at Carrying Value	$37,837	$40,637	$36,110	$36,933
Restricted Cash and Cash Equivalents	$9,931	$7,721	$5,102	$5,531
Operating Lease, Right-of-Use Asset	$34,814	$33,309	$32,028	$31,662
Accounts Receivable, after Allowance for Credit Loss	$21,348	$18,625	$17,347	$22,213
Prepaid Expense and Other Assets	$8,865	$9,580	$7,104	$14,068
Other Assets	$15,554	$24,291	$15,954	$22,604
Assets	$2,939,248	$2,896,230	$2,776,030	$2,728,194
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$50,219	$50,219	$50,219	$50,219
Long-term Debt	$1,430,668	$1,396,710	$1,394,014	$1,371,470
Operating Lease, Liability	$25,842	$24,871	$24,091	$23,971
Accounts Payable	$4,827	$7,450	$7,537	$7,876
Liabilities	$1,542,552	$1,511,184	$1,502,059	$1,486,939
Common Stock, Value, Issued	$1,076	$1,084	$1,088	$1,079
Additional Paid in Capital	$1,238,896	$1,246,225	$1,264,470	$1,260,506
Accumulated Other Comprehensive Income (Loss), Net of Tax	$10,967	$9,173	$2,115	$6,306
Retained Earnings (Accumulated Deficit)	$-339,848	$-347,041	$-405,622	$-429,048
Stockholders' Equity Attributable to Parent	$911,195	$909,545	$862,155	$838,947
Stockholders' Equity Attributable to Noncontrolling Interest	$435,282	$425,282	$361,597	$352,089
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$1,346,477	$1,334,827	$1,223,752	$1,191,036
Preferred Stock, Shares Authorized	100,000,000	100,000,000	100,000,000	100,000,000
Common Stock, Shares Authorized	500,000,000	500,000,000	500,000,000	500,000,000
Common Stock, Shares, Issued	107,593,373	108,435,663	108,798,686	107,854,017
Prepaid Insurance	$1,945	$2,112	$1,697	$1,697
Prepaid Taxes	$1,478	$2,403	$2,135	$2,135
Insurance Settlements Receivable	—	$1,159	$0	$0
Amortization of Deferred Charges	$600	$700	$700	$700
Derivative Instruments and Hedges, Assets	$13,958	$11,573	$3,001	$3,001
Other Assets, Miscellaneous	$645	$492	$395	$395
Taxes Payable	$26,590	$26,568	$27,244	$27,244
Derivative Liability	—	—	$536	$536
Employee-related Liabilities	$13,307	$14,254	$12,774	$12,774
Interest Payable	$6,136	$3,266	$2,097	$2,097
Other Accrued Liabilities	$8,437	$509	$762	$762

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-28,116	$38,891	$-11,677	$-10,515
Net Cash Provided by (Used in) Operating Activities	$153,641	$166,323	$149,030	$157,782
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$-14,040	$590	$-7,146	$-5,760
Depreciation, Depletion and Amortization, Nonproduction	$150,924	$146,436	$149,610	$148,308
Payments to Acquire Commercial Real Estate	$44,614	$96,329	$0	$0
Amortization of Debt Issuance Costs	$5,910	$6,582	$6,884	$7,450
Payments for Capital Improvements	$89,580	$89,306	$75,479	$64,527
Asset Impairment Charges	$16,661	$6,723	$1,833	$5,474
Share-based Payment Arrangement, Noncash Expense	$7,742	$8,132	$8,793	$7,515
Proceeds from Sale of Productive Assets	$35,176	$109,442	$39,675	$50,443
Deferred Income Tax Expense (Benefit)	$84	$762	$-331	$-2,462
Payments to Acquire Notes Receivable	$4,576	$0	$0	$0
Proceeds from Sale and Collection of Loans Receivable	$1,462	$0	$0	$0
Gain (Loss) on Disposition of Assets	$-337	$28,912	$6,579	$6,752
Gain (Loss) on Extinguishment of Debt	—	$3,000	$0	$0
Net Cash Provided by (Used in) Investing Activities	$-101,958	$-71,499	$-43,387	$-17,304
Other Noncash Income (Expense)	$-793	$-450	$-939	$-1,153
Increase (Decrease) in Accounts Receivable	$334	$-2,724	$-1,024	$69
Proceeds from Issuance of Debt	$75,000	$115,000	$70,000	$70,000
Increase (Decrease) in Prepaid Expense and Other Assets	$636	$1,034	$-2,151	$299
Repayments of Lines of Credit	$90,000	$105,000	$80,000	$90,000
Increase (Decrease) in Accounts Payable	$-380	$2,513	$225	$1,340
Proceeds from Issuance of Medium-term Notes	—	$50,000	$58,000	$0
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities	$2,022	$-2,130	$-3,842	$6,654
Proceeds from (Repayments of) Secured Debt	—	—	$-45,433	$-45,433
Repayments of Secured Debt	—	—	$1,124	$1,124
Proceeds from Short-term Debt	—	—	$95,000	$370,000
Repayments of Senior Debt	—	—	$100,308	$100,308
Payments of Financing Costs	$10,383	$3,511	$10,267	$12,823
Payments for Repurchase of Common Stock	—	—	$15,402	$6,181
Payments for Repurchase of Redeemable Preferred Stock	—	—	$625	$625
Payments of Ordinary Dividends, Common Stock	$26,945	$36,875	$38,989	$38,430
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	$18,829	$18,801	$18,801	$18,764
Proceeds from Contributions from Affiliates	$20,592	$22,497	$944	$190
Payments of Distributions to Affiliates	$12,426	$21,930	$24,167	$23,061
Payment, Tax Withholding, Share-based Payment Arrangement	$1,388	$939	$1,617	$925
Proceeds from Issuance of Preferred Stock and Preference Stock	$0	—	$0	$0
Net Cash Provided by (Used in) Financing Activities	$-65,723	$-94,234	$-112,789	$-146,238
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$47,768	$48,358	$41,212	$35,314
Cash and Cash Equivalents, at Carrying Value	$37,837	$40,637	$36,110	$32,689
Restricted Cash	$9,931	$7,721	$5,102	$2,625

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Import this data to Google Sheets with:

=jivedata("INN","financials")

Full statements spill as a table. For one cell: =jivedata("INN","Revenue") or =jivedata("INN","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.