← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $1.2m ($28.1m) $38.9m ($11.7m)
Net Income (Loss) Attributable to Parent $107.8m $99.2m $90.9m $82.6m ($143.3m) ($65.6m) $1.5m ($9.5m) $43.6m ($5.1m)
Net Income (Loss) Available to Common Stockholders, Basic $87.4m $79.2m $71.0m $67.8m ($158.3m) ($83.7m) ($16.9m) ($28.0m) $24.8m ($24.0m)
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)
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 — — — — — — — — —
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
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
Depreciation Amortization Depletion — — — — — — $150.2m $150.9m $146.4m $149.6m
Deferred Income Tax Expense (Benefit) ($2.4m) $887k ($430k) ($12k) $2.1m ($19k) ($59k) $84k $762k ($331k)
Deferred Income Tax — — — — — — ($59k) $84k $762k ($331k)
Deferred Tax — — — — — — ($59k) $84k $762k ($331k)
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
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
Gain (Loss) on Extinguishment of Debt — — — — — — $0 $0 $3.0m $0
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) — —
Gain (Loss) on Disposition of Assets $49.9m $28.2m $41.5m $45.4m ($16k) $240k $20.3m ($337k) $28.9m $6.6m
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
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:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $2.7m $5.0m ($2.8m) ($511k) ($1.3m) $2.7m $7.3m $334k ($2.7m) ($1.0m)
Increase (Decrease) in Accounts Payable $1.7m ($491k) ($424k) ($314k) ($1.4m) $1.9m ($438k) ($380k) $2.5m $225k
Payments of Financing Costs $1.9m $1.8m $4.0m $3.8m $2.8m $11.4m $7.4m $10.4m $3.5m $10.3m
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)
General and Administrative Expense $19.3m $19.6m $21.5m $23.6m $21.0m $29.4m $30.8m $32.5m $31.9m $32.8m
Investment Income, Interest — — — — — — — $1.7m $1.9m $1.2m
Nonoperating Income (Expense) $24.3m $17.3m ($35.0m) ($35.6m) ($38.5m) ($33.8m) ($63.0m) ($84.1m) ($73.3m) ($76.5m)
Proceeds from Contributions from Affiliates — — — — — — — $20.6m $22.5m $944k
Financing Receivable, Credit Loss, Expense (Reversal) — — — — $4.8m ($2.6m) ($1.1m) — — —
Beginning Cash Position — — — — — — $96.9m $61.8m $47.8m $48.4m
Cash Flow From Continuing Financing Activities — — — — — — $85.8m ($65.7m) ($94.2m) ($112.8m)
Cash Flow From Continuing Investing Activities — — — — — — ($290.5m) ($102.0m) ($71.5m) ($43.4m)
Change In Account Payable — — — — — — ($438k) ($380k) $2.5m $225k
Change In Accrued Expense — — — — — — $19.3m $2.0m ($2.1m) ($3.8m)
Change In Payable — — — — — — ($438k) ($380k) $2.5m $225k
Change In Payables And Accrued Expense — — — — — — $18.9m $1.6m $383k ($3.6m)
Change In Prepaid Assets — — — — — — $1.8m ($636k) ($1.0m) $2.2m
Change In Receivables — — — — — — ($7.3m) ($334k) $2.7m $1.0m
Change In Working Capital — — — — — — $13.5m $672k $2.1m ($442k)
Changes In Account Receivables — — — — — — ($7.3m) ($334k) $2.7m $1.0m
Changes In Cash — — — — — — ($35.1m) ($14.0m) $590k ($7.1m)
End Cash Position — — — — — — $61.8m $47.8m $48.4m $41.2m
Financing Cash Flow — — — — — — $85.8m ($65.7m) ($94.2m) ($112.8m)
Free Cash Flow — — — — — — $169.6m $153.6m $166.3m $149.0m
Investing Cash Flow — — — — — — ($290.5m) ($102.0m) ($71.5m) ($43.4m)
Issuance Of Capital Stock — — — — — $96.6m $0 $0 — —
Net Preferred Stock Issuance — — — — — — $0 ($413k) $0 ($625k)
Operating Gains Losses — — — — — — ($20.3m) $337k ($31.9m) ($6.6m)
Other Non Cash Items — — — — — — $7.4m $6.6m $7.3m $7.8m
Preferred Stock Payments — — — — — — $0 ($413k) $0 ($625k)
Provisionand Write Offof Assets — — — — — — ($1.1m) ($1.2m) $0 $0
Repurchase Of Capital Stock — — — — — — ($2.5m) ($1.8m) ($939k) ($17.6m)
Stock Based Compensation — — — — — — $8.4m $7.7m $8.1m $8.8m
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)
Net Cash Provided by (Used in) Operating Activities $137.9m $146.9m $161.7m $148.5m ($42.1m) $66.1m $169.6m $153.6m $166.3m $149.0m
Cash flows from investing activities:
Net Investment Properties Purchase And Sale — — — — — — ($363.2m) ($135.0m) ($190.8m) ($83.0m)
Purchase Of Investment Properties — — — — — — ($363.2m) ($135.0m) ($190.8m) ($83.0m)
Net Other Investing Changes — — — — — — $72.7m $33.1m $119.3m $39.6m
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)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $531.5m $75.0m $165.0m $223.0m
Long Term Debt Issuance — — — — — — $531.5m $75.0m $165.0m $223.0m
Net Issuance Payments Of Debt — — — — — — ($398k) ($17.3m) ($34.7m) ($3.9m)
Net Long Term Debt Issuance — — — — — — ($398k) ($17.3m) ($34.7m) ($3.9m)
Net Short Term Debt Issuance — — — — — $331.8m $506.5m ($15.0m) — —
Short Term Debt Issuance — — — — — $516.8m $531.5m $75.0m — —
Repayments of Long-term Debt — — — — — — — — — $93.3m
Long Term Debt Payments — — — — — — ($531.9m) ($92.3m) ($199.7m) ($226.9m)
Repayment Of Debt — — — — — — ($531.9m) ($92.3m) ($199.7m) ($226.9m)
Short Term Debt Payments — — — — — ($185.0m) ($25.0m) ($90.0m) — —
Common Stock Issuance — — — — — $96.6m $0 $0 — —
Net Common Stock Issuance — — — — — — ($2.5m) ($1.4m) ($939k) ($17.0m)
Payments for Repurchase of Common Stock — — — — — — — — — $15.4m
Payments of Ordinary Dividends, Common Stock — — — — — — $10.0m $26.9m $36.9m $39.0m
Common Stock Payments — — — — — — ($2.5m) ($1.4m) ($939k) ($17.0m)
Proceeds from Noncontrolling Interests — — — $68.7m $622k $115.5m $204.1m $20.6m $22.5m $944k
Cash Dividends Paid — — — — — — ($28.4m) ($45.8m) ($55.7m) ($57.8m)
Common Stock Dividend Paid — — — — — — ($10.0m) ($26.9m) ($36.9m) ($39.0m)
Preferred Stock Dividend Paid — — — — — — ($18.3m) ($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)
Net Cash Provided by (Used in) Financing Activities $21.9m $370.4m ($92.0m) $31.0m $41.8m $66.2m $85.8m ($65.7m) ($94.2m) ($112.8m)
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)
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
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($35.1m) ($14.0m) $590k ($7.1m)
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.