SUMMIT HOTEL PROPERTIES, INC. INN Income Statement

Summit hotel properties, inc. (INN)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Sep'11	Jun'11
Revenues:
Revenues
518,781	549,348	548,076	556,731	566,023	567,270	566,506	560,753	537,587	515,377	493,954	475,703	473,842	473,935	473,652	480,407	473,889	463,455	452,557	436,722	421,570	403,466	382,281	355,199	328,779	298,958	258,834	219,730	184,103	161,700	164,304	176,369	0	0	0
Expenses:
Property taxes, insurance and other
44,510	44,220	43,888	43,412	43,749	43,339	42,298	42,267	40,048	37,419	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other indirect
-	-	-	-	-	-	-	-	-	-	-	-	-	-	122,536	125,117	123,876	121,974	119,199	113,757	109,479	104,959	99,850	94,183	87,040	78,136	67,557	58,065	49,185	44,028	43,179	45,497	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	820	939	0	0	0
Total hotel operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	297,314	302,178	300,698	295,828	289,716	279,514	270,846	261,497	248,832	234,423	218,501	198,342	171,553	146,208	124,426	110,442	110,877	119,183	0	0	0
Depreciation and amortization
100,988	99,445	98,389	100,128	101,303	101,013	99,016	97,669	92,447	85,927	80,743	75,036	72,989	72,406	71,184	69,213	66,931	64,052	62,593	63,112	63,966	63,763	59,833	57,270	53,740	49,330	44,982	38,757	33,741	30,645	31,021	33,202	0	0	0
Corporate general and administrative
22,300	23,622	21,872	21,192	20,892	21,509	21,678	21,376	21,066	19,597	19,932	19,770	19,851	19,292	18,787	21,296	21,268	21,204	21,295	20,140	20,194	19,884	18,318	0	0	-	0	-	-	-	-	-	-	-	-
Provision for credit losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Salaries and other compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	4,996	4,417	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	2,741	3,431	0	0	0
Hotel property acquisition costs
-	-	-	-	-	-	-	-	-	354	1,037	1,564	3,292	3,492	3,105	3,415	1,800	1,246	941	173	77	769	1,110	1,155	1,924	1,886	2,609	2,740	3,124	3,050	2,176	0	0	0	-
Loss on impairment of assets
3,321	2,521	1,685	1,685	0	-	0	0	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-
Total expenses
468,765	475,360	470,699	476,465	482,197	483,545	479,938	473,976	453,725	431,482	413,741	396,436	393,456	391,448	390,967	397,217	391,812	383,445	375,660	371,126	363,930	354,760	336,861	310,328	289,591	263,856	234,479	201,186	172,780	154,370	151,814	162,468	0	0	0
Debt transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Equity based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
(Loss) gain on disposal of assets, net
41,249	45,418	39,015	63,872	45,683	41,474	41,792	24,691	23,710	43,209	43,389	46,155	32,531	49,855	115,776	105,284	102,350	65,067	0	0	0	-	-	-	-	-	-	0	0	-	0	0	-	0	0
Operating (loss) income
91,265	119,406	116,392	144,138	129,509	125,199	171,891	147,274	127,028	127,104	130,068	129,122	130,241	132,342	82,685	83,190	82,077	80,010	76,897	65,596	57,640	48,706	45,420	44,871	39,188	35,102	24,355	18,544	11,323	7,330	12,490	13,900	0	0	0
Other income (expense):
Interest expense
41,190	41,030	41,433	42,831	43,467	41,944	38,780	35,700	32,225	29,687	28,345	27,203	27,399	28,091	28,661	30,118	30,650	30,414	30,304	29,456	29,035	28,517	28,312	27,025	24,670	21,991	18,469	16,459	15,764	14,909	14,654	17,132	0	0	0
Other income, net
6,277	5,472	4,618	4,137	7,461	6,949	6,517	5,074	2,172	3,778	3,553	4,330	4,615	2,560	12,273	11,554	11,247	11,146	239	1,094	747	595	-911	-1,892	-2,028	-1,955	61	720	0	-	0	0	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	20	16	0	0	0
Gain (loss) on derivative financial instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-
Total other income (expense)
-34,913	-35,558	-36,815	-38,694	-36,006	-34,995	-75,794	-66,432	-49,509	-25,909	-31,258	-26,573	-40,108	-25,531	99,388	86,720	82,947	45,799	-30,386	-28,682	-28,400	-27,531	-28,903	-28,597	-26,358	-23,583	-18,572	-16,578	-15,678	-15,005	-14,564	-16,864	0	0	0
(Loss) income from continuing operations before income taxes
56,352	83,848	79,577	105,444	93,503	90,204	96,097	80,842	77,519	101,195	98,810	102,549	90,133	106,811	182,073	169,910	165,024	125,809	46,511	36,914	29,240	21,175	16,517	16,274	12,830	11,519	5,783	1,966	-4,355	-7,675	-2,074	-2,964	0	0	0
Income Tax Expense (Benefit)
3,100	1,500	154	-322	-822	-922	1,061	1,330	1,553	1,674	-1,298	-2,312	-2,600	-1,450	-572	857	1,625	553	1,496	1,739	1,165	744	4,459	5,152	4,784	4,894	740	-359	-393	-728	-200	275	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,431	12,058	11,122	8,046	6,625	5,043	2,325	-3,962	-6,947	-1,873	-3,240	0	0	0
Income from discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	492	2,058	-1,293	-707	-728	2,180	7,119	6,380	4,677	395	-889	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
53,234	82,348	79,352	105,727	94,335	91,126	95,156	79,600	76,006	99,521	100,108	104,861	92,733	108,261	182,645	169,053	163,399	125,256	45,229	35,330	28,189	20,923	14,116	9,829	7,339	5,897	7,223	9,444	2,418	-2,270	-1,478	-4,129	0	0	0
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable
97	157	151	236	225	205	222	177	190	307	291	351	327	456	1,053	1,004	1,011	819	226	154	118	51	-144	-351	-279	-297	-36	256	-152	-1,194	-1,254	-1,606	0	0	0
Joint venture
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-7	265	230	316	0	0	0	-	-	-	-	-	-
Net (loss) income attributable to Summit Hotel Properties, Inc.
54,411	82,610	79,124	105,491	94,110	90,921	94,934	79,423	75,816	99,214	99,817	104,510	92,406	107,805	181,592	168,049	162,388	124,437	45,003	35,176	27,947	20,871	14,267	9,915	7,388	5,878	6,935	9,136	2,607	-1,076	-223	-2,523	0	0	0
Preferred Stock Dividends, Income Statement Impact
14,838	14,838	14,837	14,837	14,837	16,671	17,770	18,260	18,751	17,408	17,545	18,338	18,285	18,232	17,434	16,588	16,588	16,588	16,588	16,588	16,588	16,588	16,588	16,588	16,285	14,590	11,599	8,608	5,921	4,625	0	0	0	-	-
Premium on redemption of preferred stock
-	-	0	0	-	3,277	5,849	5,849	5,849	2,572	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to common stockholders
39,573	67,772	64,287	90,654	79,273	70,973	71,315	55,314	51,216	79,234	80,147	84,047	71,996	87,448	164,158	151,461	145,800	107,849	28,415	18,588	11,359	4,283	-2,321	-6,673	-8,897	-8,712	-4,664	528	-3,314	-5,701	-3,692	-4,836	0	0	0
Earnings Per Share [Abstract]
Basic and diluted net income (loss) per share from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.06	-0.01	-	-0.02	0.03	-0.01	-0.15	-0.03	-0.03	-0.07	-0.01	-0.04
Basic and diluted net income per share from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.05	0.01	-	0.12	0.04	-0.01	-0.04	0.01	0.01
Basic and diluted (in dollars per share)
-0.18	-	0.07	-	0.09	-	0.33	-	0.01	-	-	-	0.31	-	-	-	0.51	-	-	-	0.07	-	-0.01	0.06	-0.01	-	-0.07	0.04	-0.01	-0.03	0.01	-0.04	-0.11	0.00	-0.03
Basic (in dollars per share)
-	-	-	0.43	-	-	-	0.33	-	-	0.18	0.30	-	-	0.25	0.20	-	-	0.11	0.14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
-	-	-	0.43	-	-	-	0.32	-	-	0.17	0.30	-	-	0.25	0.20	-	-	0.11	0.14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic
103,995	103,968	103,935	103,896	103,749	103,683	103,666	103,643	103,500	103,425	103,253	98,184	92,762	88,211	86,492	86,433	86,360	86,150	85,995	85,831	85,704	85,403	85,303	85,165	85,097	84,987	68,157	65,480	62,684	45,766	31,308	30,516	27,278	27,278	-
Weighted Average Number of Shares Outstanding, Diluted
103,995	104,012	103,970	103,937	103,837	103,765	103,821	103,883	103,899	103,552	103,632	98,706	93,230	87,446	87,401	87,355	87,170	87,628	87,065	87,008	86,875	86,201	85,303	85,663	85,097	83,790	68,614	65,954	62,950	45,431	31,501	30,658	27,278	27,278	-
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,278
Room
Revenues
475,845	505,342	504,656	512,973	521,967	523,439	523,475	519,292	499,156	479,934	460,723	444,254	443,025	443,270	443,428	450,943	445,372	436,202	426,516	411,379	397,345	380,472	360,892	335,747	311,190	283,279	245,493	208,795	175,514	154,600	158,470	171,167	0	0	0
Cost of goods and services sold
108,977	112,244	112,903	115,859	118,559	119,724	119,252	117,374	112,716	108,715	94,834	94,563	95,093	97,358	110,140	110,863	111,607	109,844	107,771	104,708	102,964	101,150	97,252	92,814	87,573	80,391	70,544	60,005	51,165	45,130	45,556	50,094	0	0	0
Food and beverage
Revenues
22,649	23,785	23,402	23,679	23,916	24,225	24,304	23,952	22,729	21,359	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services sold
18,051	18,552	18,120	18,311	18,730	19,191	19,247	19,007	17,809	16,734	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
Revenues
20,287	20,221	20,018	20,079	20,140	19,606	18,727	17,509	15,702	14,084	-2,264	1,419	6,081	10,888	30,224	29,464	28,517	27,253	26,041	25,343	24,225	22,994	21,389	19,452	17,589	15,679	13,341	10,935	8,589	7,100	5,833	5,201	0	0	0
Cost of goods and services sold
153,605	158,181	155,894	157,418	159,574	159,173	159,278	157,125	150,806	144,526	192,545	169,774	151,358	134,420	64,638	66,198	65,215	64,010	62,746	61,049	58,403	55,388	52,090	47,786	44,055	39,815	33,669	28,200	24,110	21,284	21,321	22,652	0	0	0
Management fees
Cost of goods and services sold
14,501	16,575	16,873	17,385	18,315	18,521	19,169	19,158	18,833	18,210	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-