Financial Statements As Reported

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Y 10-Q 12/31/2019 USD 2020 Q1 YTD 10-Q 3/31/2020 USD
Document Name As Of Date Currency Code 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Y 10-Q 12/31/2019 USD 2020 Q1 YTD 10-Q 3/31/2020 USD

ASSETS
Investment in hotel properties, net
Investment in hotel properties under development NA NA NA
Undeveloped land
Assets held for sale, net
Cash and cash equivalents
Restricted cash
Investment in real estate loans, net
Right-of-use assets, net NA NA
Trade receivables, net
Prepaid expenses and other
Deferred charges, net
Other assets
Total assets

LIABILITIES AND EQUITY

Liabilities
Debt, net of debt issuance costs
Lease liabilities NA NA
Accounts payable
Accrued expenses and other
Total liabilities

Equity
Preferred stock
7.875% Series B NA NA NA NA
7.125% Series C NA NA NA
6.45% Series D
6.25% Series E
Common stock
Additional paid-in capital
Accumulated other comprehensive loss
Distributions in excess of retained earnings
Total stockholders' equity
Non-controlling interests in operating partnership
Non-controlling interests in joint venture NA NA
Total equity
Total liabilities and equity
Document Name As Of Date Currency Code (in thousands) 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Y 10-K 12/31/2019 USD 2020 Q1 YTD 10-Q 3/31/2020 USD
Document Name As Of Date Currency Code 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Y 10-K 12/31/2019 USD 2020 Q1 YTD 10-Q 3/31/2020 USD

Revenues

Room
Room
Food and beverage
Other

Total revenues
Total revenues

Expenses
Room
Food and beverage
Other hotel operating expenses
Property taxes, insurance and other
Management fees

Depreciation and amortization
Depreciation and amortization
Corporate general and administrative

Hotel property acquisition costs
Hotel property acquisition costs NA
Provision for credit losses NA NA NA NA

Loss on impairment of assets
Loss on impairment of assets

Total expenses
Total expenses

(Loss) gain on disposal of assets, net
(Loss) gain on disposal of assets, net

Operating (loss) income
Operating (loss) income

Other income (expense)

Interest expense
Interest expense

Other income, net
Other income, net

Total other income (expense)
Total other income (expense)

(Loss) income from continuing operations before income taxes
(Loss) income from continuing operations before income taxes

Income tax expense
Income tax expense

Net (loss) income
Net (loss) income

Less - Loss (income) attributable to non-controlling interests

Operating Partnership
Operating Partnership

Joint venture
Joint venture NA

Net (loss) income attributable to Summit Hotel Properties, Inc.
Net (loss) income attributable to Summit Hotel Properties, Inc.

Preferred dividends
Preferred dividends
Premium on redemption of preferred stock NA

Net (loss) income attributable to common stockholders
Net (loss) income attributable to common stockholders

(Loss) earnings per share
Basic and diluted

Weighted average common shares outstanding
Basic
Diluted
Dividends per share NA

Comprehensive (loss) income

Net (loss) income
Net (loss) income

Other comprehensive (loss) income, net of tax
Changes in fair value of derivative financial instruments
Changes in fair value of derivative financial instruments

Comprehensive (loss) income
Comprehensive (loss) income

Less - Comprehensive loss (income) attributable to non-controlling interests
Operating Partnership
Operating Partnership
Joint venture
Joint venture NA

Comprehensive (loss) income attributable to Summit Hotel Properties, Inc.
Comprehensive (loss) income attributable to Summit Hotel Properties, Inc.

Preferred dividends
Preferred dividends
Premium on redemption of preferred stock NA

Comprehensive (loss) income attributable to common stockholders
Comprehensive (loss) income attributable to common stockholders
Document Name As Of Date Currency Code (in thousands) 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Y 10-K 12/31/2019 USD 2020 Q1 YTD 10-Q 3/31/2020 USD
Document Name As Of Date Currency Code 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Y 10-K 12/31/2019 USD 2020 Q1 YTD 10-Q 3/31/2020 USD

OPERATING ACTIVITIES
Net (loss) income

Adjustments to reconcile net (loss) income to net cash provided by operating activities
Depreciation and amortization
Amortization of deferred financing costs
Loss on impairment of assets
Provision for credit losses NA NA NA NA
Equity-based compensation
Deferred tax asset, net
Realization of deferred gain NA
Loss (gain) on disposal of assets, net
Non-cash interest income
Debt transaction costs NA
Other

Changes in operating assets and liabilities
Trade receivables, net
Prepaid expenses and other
Accounts payable
Accrued expenses and other
NET CASH PROVIDED BY OPERATING ACTIVITIES

INVESTING ACTIVITIES
Acquisition of hotel properties and land
Improvements to hotel properties
Investment in hotel properties under development NA
Proceeds from asset dispositions, net
Funding of real estate loans
Increase in escrow deposits for acquisitions NA NA NA NA
Proceeds from principal payments on real estate loans
NET CASH USED IN INVESTING ACTIVITIES

FINANCING ACTIVITIES
Proceeds from issuance of debt
Principal payments on debt
Proceeds from equity offerings, net of issuance costs NA
Redemption of preferred stock NA
Dividends paid
Proceeds from contribution by joint venture partner NA NA
Proceeds from contribution by non-controlling interests in joint venture NA NA NA NA
Financing fees on debt and other issuance costs
Repurchase of common shares for withholding requirements
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
Net change in cash, cash equivalents and restricted cash

CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Beginning of period
End of period

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Cash payments for interest
Accrued improvements to hotel properties
Capitalized interest NA
Cash payments for income taxes, net of refunds
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
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