Summit Hotel Properties (INN) Income Statement: Revenue & Earnings

Summit Hotel Properties Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Summit Hotel Properties, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	731.78	736.13	675.70	361.93	234.46	549.35	567.27
Cost of Revenue	402.16	459.65	419.79	254.47	155.71	158.18	341.43
Gross Profit	329.62	736.13	255.90	107.46	78.76	391.17	225.84
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	47.76	87.70	80.69	29.43	27.26	67.84	40.03
Operating Expenses	248.31	257.09	197.27	132.75	186.39	167.29	141.04
Operating Income	81.31	58.79	67.78	-25.30	-107.64	119.41	84.80
Other Income/Expense
Interest Income	1.91	1.69	1.54	6.86	0.15	0.00	0.00
Interest Expense	-82.63	86.80	65.58	43.37	-43.30	0.00	41.94
Other Income/Expense	4.37	-0.67	10.23	-5.30	2.94	-50.89	47.35
Income
Income Before Tax	30.15	-25.32	4.83	-67.11	-147.87	83.85	90.20
Income Tax Expense	-8.74	2.80	3.61	1.47	1.38	1.50	-0.92
Net Income	43.64	480.57	1.47	-65.57	-143.34	82.61	90.92
Net Income - Continuous Operations	38.89	-28.12	1.22	-68.58	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	229.86	621.57	220.57	82.21	1.61	225.81	233.16
EBIT	81.31	464.74	70.41	-23.74	-107.64	124.88	132.15
Depreciation & Amortization	148.55	150.92	150.16	105.96	109.25	99.45	101.01
Earnings Per Share
Basic EPS	-	-	-	-1.00	-2.00	1.00	1.00
Diluted EPS	-	-	-	-1.00	-2.00	-	1.00
Basic Shares Outstanding	105.93	105.55	105.14	104.47	104.14	103.89	103.62
Diluted Shares Outstanding	132.37	105.55	105.14	104.47	104.14	103.94	103.84