INN
Income statement / Annual
Last year (2023), Summit Hotel Properties, Inc.'s total revenue was $736.13 M,
an increase of 8.94% from the previous year.
In 2023, Summit Hotel Properties, Inc.'s net income was -$9.49 M.
See Summit Hotel Properties, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$736.13 M
|
$675.70 M
|
$361.93 M
|
$234.46 M
|
$549.35 M
|
$567.27 M
|
$515.38 M
|
$473.94 M
|
$463.46 M
|
$403.47 M
|
| Cost of Revenue |
$629.03 M |
$419.79 M |
$244.61 M |
$200.40 M |
$333.20 M |
$341.43 M |
$190.39 M |
$174.83 M |
$173.85 M |
$156.54 M |
| Gross Profit |
$107.10 M |
$255.90 M |
$117.31 M |
$34.07 M |
$216.15 M |
$225.84 M |
$324.99 M |
$299.11 M |
$289.60 M |
$246.93 M |
| Gross Profit Ratio |
0.15 |
0.38 |
0.32 |
0.15 |
0.39 |
0.4 |
0.63 |
0.63 |
0.62 |
0.61 |
| Research and Development
Expenses |
$0.00
|
$0.01
|
-$0.19
|
-$0.63
|
$0.15
|
$0.16
|
$0.20
|
$0.23
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$50.98 M
|
$48.21 M
|
$39.29 M
|
$27.26 M
|
$40.20 M
|
$40.03 M
|
$19.60 M
|
$19.29 M
|
$21.20 M
|
$19.88 M
|
| Selling & Marketing
Expenses |
-$1.23 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$50.98 M
|
$48.21 M
|
$39.29 M
|
$27.26 M
|
$40.20 M
|
$40.03 M
|
$19.60 M
|
$19.29 M
|
$21.20 M
|
$19.88 M
|
| Other Expenses |
$223.10 M |
$149.06 M |
$103.32 M |
$114.44 M |
$99.45 M |
$6.95 M |
$3.78 M |
$2.56 M |
$11.15 M |
$986,000.00 |
| Operating Expenses |
$272.85 M |
$197.27 M |
$142.61 M |
$141.70 M |
$139.64 M |
$141.04 M |
$240.74 M |
$212.55 M |
$207.23 M |
$190.16 M |
| Cost And Expenses |
$677.34 M |
$617.06 M |
$387.22 M |
$342.10 M |
$472.84 M |
$482.47 M |
$431.13 M |
$387.38 M |
$381.08 M |
$346.69 M |
| Interest Income |
$1.69 M |
$65.52 M |
$43.36 M |
$43.16 M |
$40.75 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$86.80 M |
$65.58 M |
$43.37 M |
$43.30 M |
$41.03 M |
$41.94 M |
$29.69 M |
$28.09 M |
$30.41 M |
$26.97 M |
| Depreciation &
Amortization |
$150.92 M
|
$617.81 M
|
$391.07 M
|
$342.10 M
|
$472.84 M
|
$482.47 M
|
$431.48 M
|
$390.87 M
|
$64.05 M
|
$65.33 M
|
| EBITDA |
$226.71 M
|
$208.05 M
|
$83.07 M
|
$1.98 M
|
$175.95 M
|
$185.81 M
|
$169.82 M
|
$155.47 M
|
$145.18 M
|
$113.47 M
|
| EBITDA Ratio |
0.31 |
0.31 |
0.25 |
0.03 |
0.33 |
0.34 |
0.34 |
0.34 |
0.34 |
0.31 |
| Operating Income Ratio
|
0.08
|
0.1
|
-0.04
|
-0.44
|
0.15
|
0.22
|
0.16
|
0.17
|
0.17
|
0.12
|
| Total Other
Income/Expenses Net |
-$84.11 M
|
-$62.95 M
|
-$33.85 M
|
-$38.46 M
|
-$35.56 M
|
-$35.00 M
|
$17.30 M
|
-$25.53 M
|
$45.80 M
|
-$27.53 M
|
| Income Before Tax |
-$25.32 M |
$4.83 M |
-$67.11 M |
-$147.87 M |
$83.85 M |
$90.20 M |
$101.20 M |
$106.81 M |
$125.81 M |
$21.18 M |
| Income Before Tax Ratio
|
-0.03
|
0.01
|
-0.19
|
-0.63
|
0.15
|
0.16
|
0.2
|
0.23
|
0.27
|
0.05
|
| Income Tax Expense |
$2.80 M |
$3.61 M |
$1.47 M |
$1.38 M |
$1.50 M |
-$922,000.00 |
$1.67 M |
-$1.45 M |
$553,000.00 |
$744,000.00 |
| Net Income |
-$9.49 M |
$1.47 M |
-$68.58 M |
-$149.25 M |
$82.61 M |
$90.92 M |
$99.21 M |
$107.81 M |
$124.44 M |
$20.87 M |
| Net Income Ratio |
-0.01 |
0 |
-0.19 |
-0.64 |
0.15 |
0.16 |
0.19 |
0.23 |
0.27 |
0.05 |
| EPS |
-0.27 |
0.0139 |
-0.66 |
-1.43 |
0.65 |
0.88 |
0.79 |
1 |
1.25 |
0.05 |
| EPS Diluted |
-0.27 |
0.0139 |
-0.66 |
-1.43 |
0.65 |
0.88 |
0.79 |
1 |
1.24 |
0.05 |
| Weighted Average Shares
Out |
$105.55 M
|
$105.14 M
|
$104.47 M
|
$104.14 M
|
$103.89 M
|
$103.62 M
|
$99.41 M
|
$86.87 M
|
$85.92 M
|
$85.24 M
|
| Weighted Average Shares
Out Diluted |
$105.55 M
|
$105.14 M
|
$104.47 M
|
$104.14 M
|
$103.94 M
|
$103.84 M
|
$99.78 M
|
$87.34 M
|
$87.14 M
|
$85.57 M
|
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