Summit Hotel Properties, Inc. (INN)

Summit Hotel Properties Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	51.7	37.84	51.26	64.49	20.72	42.24
Trading Asset Securities	6.24	13.96	16.84	-	-	-
Cash & Short-Term Investments	57.94	51.8	68.1	64.49	20.72	42.24
Cash Growth	-29.66%	-23.94%	5.60%	211.24%	-50.95%	-11.17%
Receivables	21.62	21.35	21.02	14.48	11.78	13.28
Prepaid Expenses	16.65	3.42	3.35	8.4	6.75	5.53
Restricted Cash	7.34	9.93	10.55	32.46	18.18	27.6
Other Current Assets	18.62	79.91	33.86	12.55	10.6	12.66
Total Current Assets	122.17	166.41	136.87	132.38	68.02	101.3
Property, Plant & Equipment	2,681	2,735	2,842	2,108	2,123	2,203
Other Intangible Assets	26.97	30.7	34.84	10.83	10.92	11.01
Long-Term Deferred Tax Assets	-	0.02	0.11	0.05	0	2.14
Long-Term Deferred Charges	6.24	6.86	7.41	11.11	4.43	4.71
Other Long-Term Assets	0.55	0.65	1	2.45	2.51	2.48
Total Assets	2,837	2,939	3,022	2,265	2,233	2,356
Accounts Payable	6.13	4.83	5.52	4.46	2.67	4.77
Accrued Expenses	96.49	72.78	71.44	45.7	31.46	47.37
Current Portion of Long-Term Debt	46.72	-	-	-	-	-
Current Portion of Leases	0.55	2.26	-	-	-	-
Total Current Liabilities	149.89	79.87	76.96	50.16	34.13	52.14
Long-Term Debt	1,290	1,431	1,452	1,086	1,126	1,032
Long-Term Leases	24.33	23.58	25.48	17.23	18.44	19.6
Other Long-Term Liabilities	-	8.44	9.86	4.79	2.79	8.21
Total Liabilities	1,464	1,543	1,564	1,158	1,181	1,112
Common Stock	1.09	1.08	1.07	1.06	1.06	1.05
Additional Paid-In Capital	1,244	1,239	1,232	1,225	1,197	1,191
Retained Earnings	-339.05	-339.85	-288.2	-262.64	-179.01	-2.28
Comprehensive Income & Other	4.96	10.97	14.54	-15.64	-30.72	-16.03
Total Common Equity	911.33	911.09	959.71	947.97	988.65	1,174
Minority Interest	462.06	485.5	498.36	159.12	63.32	69.61
Shareholders' Equity	1,374	1,397	1,458	1,107	1,052	1,243
Total Liabilities & Equity	2,837	2,939	3,022	2,265	2,233	2,356
Total Debt	1,361	1,457	1,477	1,103	1,144	1,052
Net Cash (Debt)	-1,303	-1,405	-1,409	-1,038	-1,123	-1,010
Net Cash Per Share	-9.38	-13.31	-13.40	-9.94	-10.79	-9.71
Filing Date Shares Outstanding	108.42	107.59	106.9	106.34	105.71	105.17
Total Common Shares Outstanding	108.45	107.59	106.9	106.34	105.71	105.17
Working Capital	-27.72	86.54	59.92	82.21	33.89	49.16
Book Value Per Share	8.40	8.47	8.98	8.91	9.35	11.16
Tangible Book Value	884.37	880.39	924.87	937.14	977.73	1,163
Tangible Book Value Per Share	8.15	8.18	8.65	8.81	9.25	11.06
Land	374.21	373.04	373.11	323.28	319.6	319.6
Buildings	2,801	2,786	2,816	2,128	2,067	2,049
Machinery	281.76	268.63	252.84	167.25	173.35	173.13
Construction In Progress	57.93	42.78	64.16	18.32	8.9	9.39

Source: S&P Capital IQ. Standard template. Financial Sources.