Summit hotel properties, inc. (INN)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11
ASSETS
Investment in hotel properties, net

2,169

2,184

1,949

1,941

1,952

2,065

2,082

2,014

2,023

2,059

1,902

1,857

1,577

1,545

1,470

1,416

1,434

1,333

1,267

1,215

1,336

1,339

1,343

1,271

1,280

1,149

1,082

1,112

934

734

-

-

-

498

-

-

Investment in hotel properties under development

-

-

-

-

-

-

0

0

28

23

18

12

7

0

-

-

-

-

-

-

0

0

0

0

0

-

20

10

10

10

-

-

-

-

-

-

Undeveloped land

1

1

2

2

2

2

2

2

2

2

2

2

2

5

5

5

5

5

5

6

8

8

13

13

13

13

13

18

13

15

19

19

20

20

20

20

Assets held for sale, net

0

0

17

0

96

7

1

37

23

1

1

20

62

62

62

69

86

133

216

216

1

0

7

8

9

12

33

12

26

4

-

-

15

-

-

-

Investment in real estate loans, net

28

30

31

31

31

30

29

28

18

12

0

10

10

17

17

17

17

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets, net

29

29

28

29

29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

131

42

48

48

42

44

60

48

43

36

52

29

68

34

40

76

33

29

31

36

28

38

34

41

36

46

45

34

20

13

10

11

10

10

17

29

Restricted cash

28

27

27

27

28

28

31

32

31

29

28

25

27

24

25

25

24

23

28

31

34

34

35

54

52

38

35

27

22

3

4

3

1

1

1

1

Receivables from Customers

11

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade receivables, net

-

-

18

21

23

13

23

20

20

16

20

17

16

11

15

14

15

9

12

12

12

7

11

13

12

7

9

11

12

5

6

6

6

3

5

4

Prepaid expenses and other

8

8

10

7

9

10

6

7

8

9

5

8

7

6

8

8

6

15

21

7

6

6

6

5

6

8

21

6

2

5

4

3

3

4

2

3

Derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

Deferred charges, net

4

4

4

4

4

4

4

4

5

5

4

4

3

3

3

3

3

3

9

8

9

9

10

10

10

10

9

9

9

8

8

9

-

8

-

-

Deferred tax asset, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

4

3

3

3

2

2

2

2

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

-

-

-

Property and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

572

558

529

-

493

478

Deferred charges and other assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

9

9

Other assets

9

12

11

8

9

14

19

17

16

12

5

5

11

5

10

9

9

9

16

16

16

14

8

8

6

6

3

4

4

4

4

4

4

3

3

3

Total assets

2,423

2,355

2,149

2,123

2,229

2,222

2,262

2,216

2,221

2,209

2,043

1,996

1,796

1,718

1,660

1,647

1,637

1,575

1,609

1,551

1,454

1,459

1,472

1,428

1,428

1,294

1,279

1,251

1,061

810

633

621

604

554

553

550

LIABILITIES AND EQUITY
Liabilities:
Debt, net of debt issuance costs

1,135

1,016

843

829

961

958

969

950

975

868

772

735

714

652

618

622

697

671

770

721

628

626

624

579

567

435

400

517

325

312

312

298

271

217

257

251

Lease liabilities

19

19

18

18

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt related to assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-

-

0

5

-

-

-

Accounts payable

5

4

5

5

4

5

5

6

4

7

7

7

5

4

4

4

3

2

4

3

6

7

5

6

10

7

9

7

3

5

1

1

1

1

0

0

Accrued expenses and other

76

71

84

72

65

66

71

61

60

56

56

47

47

47

53

46

43

42

47

40

35

38

42

36

33

27

30

26

21

18

17

15

13

15

15

14

Derivative financial instruments

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1

2

2

1

3

2

2

1

1

2

1

1

2

0

0

0

0

0

-

-

-

-

Total liabilities

1,236

1,112

952

926

1,051

1,030

1,045

1,018

1,041

932

836

790

768

705

678

676

746

718

824

766

673

673

673

624

612

472

442

551

358

337

331

316

292

234

273

267

Commitments and contingencies (Note 10)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:
Preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

Common stock, $0.01 par value per share, 500,000,000 shares authorized, 105,574,400 and 105,169,515 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

1

1

1

1

1

1

1

1

1

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

1,191

1,190

1,189

1,187

1,185

1,185

1,183

1,182

1,180

1,262

1,178

1,177

1,011

1,011

968

968

894

894

892

890

888

888

885

884

883

882

867

706

705

468

285

279

288

288

240

240

Accumulated other comprehensive loss

-35

-16

-20

-16

-6

-1

8

5

5

1

-0

-0

-0

-0

-1

-2

-2

-1

-2

-2

-2

-1

-1

-2

-1

-1

-1

0

-0

-0

-0

-0

-

-

-

-

Accumulated deficit and distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

-

-

-

107

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions in excess of retained earnings

-39

-2

11

22

-4

4

21

6

-8

9

24

24

12

-1

9

-0

-6

-

-110

-109

-111

-

-93

-87

-82

-72

-56

-44

-39

-31

-24

-21

-16

-11

-5

-2

Total stockholders’ equity

1,118

1,173

1,181

1,194

1,175

1,189

1,214

1,195

1,178

1,274

1,204

1,202

1,024

1,010

977

966

886

852

780

779

775

779

791

795

799

809

809

662

666

436

260

258

272

278

235

238

Non-controlling interests in operating partnership

1

1

1

2

2

2

2

2

2

2

3

3

3

3

3

3

4

4

4

4

5

5

7

7

8

4

20

29

29

36

41

47

39

41

43

44

Non-controlling interests in joint venture (Note 8)

67

67

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

7

7

7

7

-

-

-

-

-

-

-

Total equity

1,186

1,243

1,197

1,197

1,177

1,192

1,217

1,198

1,180

1,277

1,207

1,205

1,028

1,013

981

970

890

856

784

784

780

785

799

803

815

822

837

699

703

473

301

305

311

319

279

283

Total liabilities and equity

2,423

2,355

2,149

2,123

2,229

2,222

2,262

2,216

2,221

2,209

2,043

1,996

1,796

1,718

1,660

1,647

1,637

1,575

1,609

1,551

1,454

1,459

1,472

1,428

1,428

1,294

1,279

1,251

1,061

810

633

621

604

554

553

550

SUMMIT HOTEL OP, LP
Investment in hotel properties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

934

-

-

-

-

-

-

-

Investment in hotel properties under development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

-

-

-

-

-

-

-

Land held for development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

-

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

-

-

-

-

-

-

-

Trade receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

-

-

-

-

-

-

-

Prepaid expenses and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-

-

-

-

-

-

Deferred charges, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

-

-

-

-

-

-

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-

-

-

-

-

-

-

TOTAL ASSETS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,061

-

-

-

-

-

-

-

Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

325

-

-

-

-

-

-

-

Debt related to assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

-

-

-

-

-

-

-

Derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

TOTAL LIABILITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

358

-

-

-

-

-

-

-

Summit Hotel Properties, Inc., 65,678,025 and 46,159,652 common units outstanding at March 31, 2013 and December 31, 2012, respectively, and 8,400,000 and 5,000,000 preferred units outstanding at March 31, 2013 and December 31, 2012, respectively (preferred units liquidation preference of $211,078 and $125,717 at March 31, 2013 and December 31, 2012, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

666

-

-

-

-

-

-

-

Unaffiliated limited partners, 3,251,706 and 5,226,375 common units outstanding at March 31, 2013 and December 31, 2012, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

-

-

-

-

-

-

-

Total partners' equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

695

-

-

-

-

-

-

-

Noncontrolling interests in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

-

-

-

-

-

-

-

TOTAL EQUITY

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

703

-

-

-

-

-

-

-

TOTAL LIABILITIES AND EQUITY

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,061

-

-

-

-

-

-

-

9.25% Series A Preferred Stock
Preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

Series B Preferred Stock [Member]
Preferred stock

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

7.125% Series C Preferred Stock
Preferred stock

-

-

-

-

-

-

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

6.45% Series D Preferred Stock
Preferred stock

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6.25% Series E Preferred Stock
Preferred stock

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-