Summit Hotel Properties, Inc.: 10-K filed 2015-03-02

Name: Summit Hotel Properties, Inc.: 10-K filed 2015-03-02
Creator: Summit Hotel Properties, Inc.

What Summit Hotel Properties, Inc. reported in its annual report filed 2015-03-02 (fiscal FY 2014): 33 published measures, 117 facts as tagged in accession 0001104659-15-015814.

This filing

Form: 10-K (annual report)
Filed: 2015-03-02
Fiscal period: fiscal FY 2014
Accession: 0001104659-15-015814 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Summit Hotel Properties, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2014-12-31	1,459,024,000	USD
At 2013-12-31	1,294,476,000	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2014-12-31	673,823,000	USD
At 2013-12-31	472,098,000	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2014-12-31	779,611,000	USD
At 2013-12-31	809,840,000	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2014-12-31	38,581,000	USD
At 2013-12-31	46,706,000	USD
At 2012-12-31	13,980,000	USD
At 2011-12-31	10,537,000	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2014-10-01 to 2014-12-31	4,725,000	USD	92
2014-01-01 to 2014-12-31	20,871,000	USD	365
2014-07-01 to 2014-09-30	3,713,000	USD	92
2014-04-01 to 2014-06-30	8,975,000	USD	91
2014-01-01 to 2014-03-31	3,458,000	USD	90
2013-10-01 to 2013-12-31	-1,859,000	USD	92
2013-01-01 to 2013-12-31	5,878,000	USD	365
2013-07-01 to 2013-09-30	-662,000	USD	92
2013-04-01 to 2013-06-30	6,459,000	USD	91
2013-01-01 to 2013-03-31	1,940,000	USD	90
2012-01-01 to 2012-12-31	-1,076,000	USD	366

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	102,139,000	USD	365
2013-01-01 to 2013-12-31	72,436,000	USD	365
2012-01-01 to 2012-12-31	34,703,000	USD	366

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2014-10-01 to 2014-12-31	99,141,000	USD	92
2014-01-01 to 2014-12-31	403,466,000	USD	365
2014-07-01 to 2014-09-30	109,256,000	USD	92
2014-04-01 to 2014-06-30	105,525,000	USD	91
2014-01-01 to 2014-03-31	89,544,000	USD	90
2013-10-01 to 2013-12-31	77,956,000	USD	92
2013-01-01 to 2013-12-31	298,958,000	USD	365
2013-07-01 to 2013-09-30	82,174,000	USD	92
2013-04-01 to 2013-06-30	79,105,000	USD	91
2013-01-01 to 2013-03-31	59,723,000	USD	90
2012-01-01 to 2012-12-31	161,700,000	USD	366

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	90,284,000	USD	365
2013-01-01 to 2013-12-31	427,724,000	USD	365
2012-01-01 to 2012-12-31	201,745,000	USD	366

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	-200,548,000	USD	365
2013-01-01 to 2013-12-31	-467,434,000	USD	365
2012-01-01 to 2012-12-31	-233,005,000	USD	366

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2014-12-31	-107,779,000	USD
At 2013-12-31	-72,577,000	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	85,242,000	shares	365
2013-01-01 to 2013-12-31	70,327,000	shares	365
2012-01-01 to 2012-12-31	33,717,000	shares	366

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	85,566,000	shares	365
2013-01-01 to 2013-12-31	70,327,000	shares	365
2012-01-01 to 2012-12-31	33,717,000	shares	366

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	744,000	USD	365
2013-01-01 to 2013-12-31	4,894,000	USD	365
2012-01-01 to 2012-12-31	-728,000	USD	366

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	3,524,000	USD	365
2013-01-01 to 2013-12-31	2,124,000	USD	365
2012-01-01 to 2012-12-31	1,205,000	USD	366

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	47,157,000	USD	365
2013-01-01 to 2013-12-31	33,248,000	USD	365
2012-01-01 to 2012-12-31	7,330,000	USD	366

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	26,968,000	USD	365
2013-01-01 to 2013-12-31	20,137,000	USD	365
2012-01-01 to 2012-12-31	14,909,000	USD	366

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	261,497,000	USD	365
2013-01-01 to 2013-12-31	198,342,000	USD	365
2012-01-01 to 2012-12-31	110,442,000	USD	366

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2014-12-31	86,149,720	shares
At 2013-12-31	85,402,408	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2014-12-31	888,191,000	USD
At 2013-12-31	882,858,000	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2014-12-31	-1,746,000	USD
At 2013-12-31	-1,379,000	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2014-12-31	785,201,000	USD
At 2013-12-31	822,378,000	USD
At 2012-12-31	473,537,000	USD
At 2011-12-31	319,449,000	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2014-12-31	626,533,000	USD
At 2013-12-31	435,589,000	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	21,175,000	USD	365
2013-01-01 to 2013-12-31	11,519,000	USD	365
2012-01-01 to 2012-12-31	-7,675,000	USD	366

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2014-10-01 to 2014-12-31	4,731,000	USD	92
2014-01-01 to 2014-12-31	20,923,000	USD	365
2014-07-01 to 2014-09-30	3,707,000	USD	92
2014-04-01 to 2014-06-30	9,160,000	USD	91
2014-01-01 to 2014-03-31	3,325,000	USD	90
2013-10-01 to 2013-12-31	-2,075,000	USD	92
2013-01-01 to 2013-12-31	5,897,000	USD	365
2013-07-01 to 2013-09-30	-573,000	USD	92
2013-04-01 to 2013-06-30	6,671,000	USD	91
2013-01-01 to 2013-03-31	1,874,000	USD	90
2012-01-01 to 2012-12-31	-2,270,000	USD	366

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	20,504,000	USD	365
2013-01-01 to 2013-12-31	5,027,000	USD	365
2012-01-01 to 2012-12-31	-1,604,000	USD	366

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	4,283,000	USD	365
2013-01-01 to 2013-12-31	-8,712,000	USD	365
2012-01-01 to 2012-12-31	-5,701,000	USD	366

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	19,884,000	USD	365
2013-01-01 to 2013-12-31	12,929,000	USD	365
2012-01-01 to 2012-12-31	9,573,000	USD	366

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	63,300,000	USD	365
2013-01-01 to 2013-12-31	48,900,000	USD	365
2012-01-01 to 2012-12-31	28,000,000	USD	366

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	65,325,000	USD	365
2013-01-01 to 2013-12-31	53,143,000	USD	365
2012-01-01 to 2012-12-31	34,871,000	USD	366

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	-25,982,000	USD	365
2013-01-01 to 2013-12-31	-21,729,000	USD	365
2012-01-01 to 2012-12-31	-15,005,000	USD	366

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	-127,000	USD	365
2013-01-01 to 2013-12-31	3,948,000	USD	365
2012-01-01 to 2012-12-31	-1,801,000	USD	366

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	926,000	USD	365
2013-01-01 to 2013-12-31	681,000	USD	365
2012-01-01 to 2012-12-31	433,000	USD	366

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	419,000	USD	365
2013-01-01 to 2013-12-31	1,753,000	USD	365
2012-01-01 to 2012-12-31	1,424,000	USD	366

Inspect the source

Entity: Summit Hotel Properties, Inc. / CIK 0001497645
Captured: 2026-09-19T11:18:25.198Z
SEC response SHA-256: 6eb1f2aa6780b246bda1d4092de076336c06f10e45656a82ced046e9df4a5485

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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print(record["policy"])
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