← Summit Hotel Properties, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $107.8m |
$99.2m
-7.97%
|
$90.9m
-8.36%
|
$82.6m
-9.14%
|
($143.3m)
-273.51%
|
($65.6m)
+54.25%
|
$1.5m
+102.24%
|
($9.5m)
-747.27%
|
$43.6m
+559.92%
|
($5.1m)
-111.61%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $87.4m |
$79.2m
-9.39%
|
$71.0m
-10.43%
|
$67.8m
-4.51%
|
($158.3m)
-333.52%
|
($83.7m)
+47.10%
|
($16.9m)
+79.78%
|
($28.0m)
-65.34%
|
$24.8m
+188.72%
|
($24.0m)
-196.46%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $108.3m | $99.5m | $91.1m | $82.3m | ($149.2m) | ($68.6m) | $1.2m | ($28.1m) | $38.9m | ($11.7m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($249k) | ($18.6m) | ($4.8m) | ($6.6m) | — | |
| Depreciation, Depletion and Amortization | $72.4m | $85.9m | $101.0m | $99.4m | $109.6m | $106.0m | $150.2m | $150.9m | $146.4m | $149.6m | $148.3m | |
| Amortization of Debt Issuance Costs | $2.1m | $2.0m | $2.0m | $1.5m | $2.3m | $4.4m | $5.7m | $5.9m | $6.6m | $6.9m | — | |
| Amortization of Deferred Charges | $300k | $400k | $500k | $400k | $500k | $500k | $700k | $600k | $700k | $700k | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | $4.0m | $4.1m | $3.3m | $1.6m | — | |
| Depreciation | $72.1m | $85.5m | $100.5m | $99.0m | $109.2m | $105.5m | $149.5m | $150.9m | $146.4m | $149.6m | $148.3m | |
| Deferred Income Tax Expense (Benefit) | ($2.4m) | $887k | ($430k) | ($12k) | $2.1m | ($19k) | ($59k) | $84k | $762k | ($331k) | ($2.5m) | |
| Deferred Tax | — | — | — | — | — | — | ($59k) | $84k | $762k | ($331k) | ($2.5m) | |
| Share-based Payment Arrangement, Noncash Expense | $4.2m | $5.9m | $6.7m | $6.2m | $6.5m | $10.7m | $8.4m | $7.7m | $8.1m | $8.8m | $7.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $2.7m | $839k | $469k | $2.7m | $2.5m | $1.4m | $939k | $1.6m | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | $0 | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $10.4m | $16.7m | ($5.3m) | $1.8m | $5.5m | |
| Nonoperating Income (Expense) | $24.3m | $17.3m | ($35.0m) | ($35.6m) | ($38.5m) | ($33.8m) | ($63.0m) | ($84.1m) | ($73.3m) | ($76.5m) | — | |
| Other Nonoperating Income (Expense) | $2.6m | $3.8m | $6.9m | $5.5m | $4.8m | $9.5m | $2.6m | $1.0m | $4.4m | $3.0m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $13.5m | $672k | $2.1m | ($442k) | $7.6m | |
| Increase (Decrease) in Accounts Receivable | $2.7m | $5.0m | ($2.8m) | ($511k) | ($1.3m) | $2.7m | $7.3m | $334k | ($2.7m) | ($1.0m) | ($69k) | |
| Change In Receivables | — | — | — | — | — | — | ($7.3m) | ($334k) | $2.7m | $1.0m | ($69k) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($7.3m) | ($334k) | $2.7m | $1.0m | ($69k) | |
| Increase (Decrease) in Accounts Payable | $1.7m | ($491k) | ($424k) | ($314k) | ($1.4m) | $1.9m | ($438k) | ($380k) | $2.5m | $225k | $1.3m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $18.9m | $1.6m | $383k | ($3.6m) | $1.3m | |
| Change In Accrued Expense | — | — | — | — | — | — | $19.3m | $2.0m | ($2.1m) | ($3.8m) | $6.7m | |
| Net Cash Provided by (Used in) Operating Activities | $137.9m |
$146.9m
+6.52%
|
$161.7m
+10.02%
|
$148.5m
-8.15%
|
($42.1m)
-128.32%
|
$66.1m
+257.07%
|
$169.6m
+156.79%
|
$153.6m
-9.42%
|
$166.3m
+8.25%
|
$149.0m
-10.40%
|
$157.8m
+5.87%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $49.9m | $43.2m | $41.5m | $45.4m | ($16k) | $240k | $20.3m | ($337k) | — | — | ($6.8m) | |
| Net Other Investing Changes | — | — | — | — | — | — | $72.7m | $33.1m | $119.3m | $39.6m | $50.5m | |
| Net Cash Provided by (Used in) Investing Activities | ($154.4m) | ($515.5m) | ($63.1m) | ($182.2m) | ($30.7m) | ($74.2m) | ($290.5m) | ($102.0m) | ($71.5m) | ($43.4m) | ($17.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | $0 | $0 | $3.0m | $0 | — | |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | — | — | $93.3m | ($198.1m) | |
| Issuance Of Debt | — | — | — | — | — | — | $531.5m | $75.0m | $165.0m | $223.0m | $440.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $531.5m | $75.0m | $165.0m | $223.0m | $440.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($531.9m) | ($92.3m) | ($199.7m) | ($226.9m) | ($198.1m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($398k) | ($17.3m) | ($34.7m) | ($3.9m) | ($45.6m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($398k) | ($17.3m) | ($34.7m) | ($3.9m) | $241.9m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $331.8m | $506.5m | ($15.0m) | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($531.9m) | ($92.3m) | ($199.7m) | ($226.9m) | ($198.1m) | |
| Short Term Debt Issuance | — | — | — | — | — | $516.8m | $531.5m | $75.0m | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | ($185.0m) | ($25.0m) | ($90.0m) | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | $15.4m | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | — | $10.0m | $26.9m | $36.9m | $39.0m | ($57.2m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($10.0m) | ($26.9m) | ($36.9m) | ($39.0m) | ($38.4m) | |
| Common Stock Issuance | — | — | — | — | — | $96.6m | $0 | $0 | — | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($2.5m) | ($1.4m) | ($939k) | ($17.0m) | ($7.1m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $96.6m | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($2.5m) | ($1.4m) | ($939k) | ($17.0m) | ($7.1m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($2.5m) | ($1.8m) | ($939k) | ($17.6m) | ($7.7m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($28.4m) | ($45.8m) | ($55.7m) | ($57.8m) | ($57.2m) | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($18.3m) | ($18.8m) | ($18.8m) | ($18.8m) | ($18.8m) | |
| Proceeds from (Payments for) Other Financing Activities | ($1.3m) | ($961k) | — | — | — | — | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | $124.4m | $9.5m | $567k | ($23.2m) | ($22.9m) | |
| Net Cash Provided by (Used in) Financing Activities | $21.9m |
$370.4m
+1593.40%
|
($92.0m)
-124.85%
|
$31.0m
+133.64%
|
$41.8m
+35.08%
|
$66.2m
+58.38%
|
$85.8m
+29.47%
|
($65.7m)
-176.63%
|
($94.2m)
-43.38%
|
($112.8m)
-19.69%
|
($146.2m)
-29.66%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $7.2m | $6.4m | $6.5m | ($2.7m) | ($30.9m) | $58.0m | ($35.1m) | ($14.0m) | $590k | ($7.1m) | $42.5m | |
| Beginning Cash Position | — | — | — | — | — | — | $96.9m | $61.8m | $47.8m | $48.4m | $48.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $7.2m | $6.4m | $72.6m | $69.8m | $38.9m | $96.9m | $61.8m | $47.8m | $48.4m | $41.2m | $42.5m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $1.9m | $1.8m | $4.0m | $3.8m | $2.8m | $11.4m | $7.4m | $10.4m | $3.5m | $10.3m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $38.7m | $41.6m | $40.9m | $37.5m | $58.4m | $78.9m | $78.9m | $75.0m | — | |
| Income Taxes Paid, Net | $1.2m | $623k | $839k | ($229k) | ($463k) | ($557k) | $3.7m | $2.7m | $2.0m | $1.1m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | ($49.9m) | ($28.2m) | ($41.5m) | ($45.4m) | $16k | ($240k) | $300k | $1.8m | ($28.9m) | ($6.6m) | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $5.0m | ($28.2m) | ($41.5m) | ($45.4m) | $16k | ($240k) | ($20.3m) | $337k | ($28.9m) | ($6.6m) | — | |
| Gain (Loss) on Disposition of Assets | $49.9m | $28.2m | $41.5m | $45.4m | ($16k) | $240k | $20.3m | ($337k) | $28.9m | $6.6m | — | |
| General and Administrative Expense | $19.3m | $19.6m | $21.5m | $23.6m | $21.0m | $29.4m | $30.8m | $32.5m | $31.9m | $32.8m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $87.1m | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $108.3m | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | ($1.4m) | $1.7m | ($922k) | $1.5m | $1.4m | $1.5m | $3.6m | $2.8m | ($8.7m) | $842k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $82.6m | $80.7m | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | $1.7m | $1.9m | $1.2m | — | |
| Proceeds from Contributions from Affiliates | — | — | — | — | — | — | — | $20.6m | $22.5m | $944k | — | |
| Proceeds from Noncontrolling Interests | — | — | — | $68.7m | $622k | $115.5m | $204.1m | $20.6m | $22.5m | $944k | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $4.8m | ($2.6m) | ($1.1m) | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $85.8m | ($65.7m) | ($94.2m) | ($112.8m) | ($146.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($290.5m) | ($102.0m) | ($71.5m) | ($43.4m) | ($17.3m) | |
| Change In Account Payable | — | — | — | — | — | — | ($438k) | ($380k) | $2.5m | $225k | $1.3m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($35.1m) | ($14.0m) | $590k | ($7.1m) | — | |
| Change In Payable | — | — | — | — | — | — | ($438k) | ($380k) | $2.5m | $225k | $1.3m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $1.8m | ($636k) | ($1.0m) | $2.2m | ($299k) | |
| Changes In Cash | — | — | — | — | — | — | ($35.1m) | ($14.0m) | $590k | ($7.1m) | ($5.8m) | |
| End Cash Position | — | — | — | — | — | — | $61.8m | $47.8m | $48.4m | $41.2m | $42.5m | |
| Financing Cash Flow | — | — | — | — | — | — | $85.8m |
($65.7m)
-176.63%
|
($94.2m)
-43.38%
|
($112.8m)
-19.69%
|
($146.2m)
-29.66%
|
|
| Free Cash Flow | — | — | — | — | — | — | $169.6m | $153.6m | $166.3m | $149.0m | $156.4m | |
| Investing Cash Flow | — | — | — | — | — | — | ($290.5m) | ($102.0m) | ($71.5m) | ($43.4m) | ($17.3m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($363.2m) | ($135.0m) | ($190.8m) | ($83.0m) | ($66.4m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | $0 | ($413k) | $0 | ($625k) | ($625k) | |
| Operating Gains Losses | — | — | — | — | — | — | ($20.3m) | $337k | ($31.9m) | ($6.6m) | ($6.8m) | |
| Other Non Cash Items | — | — | — | — | — | — | $7.4m | $6.6m | $7.3m | $7.8m | — | |
| Preferred Stock Payments | — | — | — | — | — | — | $0 | ($413k) | $0 | ($625k) | ($625k) | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | ($1.1m) | ($1.2m) | $0 | $0 | $0 | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($363.2m) | ($135.0m) | ($190.8m) | ($83.0m) | ($66.4m) | |
| Stock Based Compensation | — | — | — | — | — | — | $8.4m | $7.7m | $8.1m | $8.8m | $7.5m |