Summit Hotel Properties, Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 3, 2026
INN$7.44+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Summit Hotel Properties, Inc.Condensed Consolidated Statements of Cash Flows(Unaudited)(In thousands) | ||
|---|---|---|
| Nine Months Ended September 30, | ||
| 2026 | 2025 | |
| OPERATING ACTIVITIES | ||
| Net loss | $(1,361) | $(9,100) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 109,295 | 112,123 |
| Amortization of debt issuance costs | 5,911 | 5,279 |
| Loss on write-down of assets | 3,641 | — |
| Equity-based compensation | 5,087 | 6,754 |
| Deferred tax (benefit) expense | (250) | 636 |
| (Gain) loss on disposal of assets, net | (236) | 136 |
| Other | 794 | 747 |
| Changes in operating assets and liabilities: | ||
| Trade receivables, net | (2,376) | (614) |
| Prepaid expenses and other | (6,676) | (4,986) |
| Accounts payable | 1,116 | 1,038 |
| Accrued expenses and other | 16,759 | 8,475 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 131,704 | 120,488 |
| INVESTING ACTIVITIES | ||
| Improvements to lodging properties | (42,485) | (56,392) |
| Investment in lodging property under development | — | (6,571) |
| Proceeds from asset dispositions, net | 30,542 | 1,302 |
| Purchase of undeveloped land parcel | (1,412) | — |
| Other | — | (128) |
| NET CASH USED IN INVESTING ACTIVITIES | (13,355) | (61,789) |
| FINANCING ACTIVITIES | ||
| Proceeds from borrowings on revolving line of credit | 55,000 | 70,000 |
| Repayments of revolving line of credit borrowings | (55,000) | (60,000) |
| Proceeds from mortgage loan | — | 58,000 |
| Repayment of mortgage loan | — | (45,433) |
| Scheduled principal payments on mortgage debt | (452) | (1,054) |
| Repurchases of common shares | (6,181) | (15,402) |
| Proceeds from term loan | 275,000 | 95,000 |
| Repayment of Convertible Notes | (287,500) | — |
| Repayment of term loan | (7,300) | (91,037) |
| Common dividends and distributions paid | (28,731) | (29,365) |
| Preferred dividends and distributions paid | (13,989) | (14,026) |
| Contributions by non-controlling interests in joint venture | — | 832 |
| Distributions to joint venture partners | (13,099) | (15,329) |
| Financing fees, debt transaction costs and other issuance costs | (8,957) | (10,221) |
| Repurchase of common stock for tax withholding requirements | (926) | (1,617) |
| NET CASH USED IN FINANCING ACTIVITIES | (92,135) | (59,652) |
| Net change in cash, cash equivalents and restricted cash | 26,214 | (953) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH | ||
| Beginning of period | 41,212 | 48,358 |
| End of period | $67,426 | $47,405 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH WITHIN THE CONDENSED CONSOLIDATED BALANCE SHEET TO THE AMOUNTS SHOWN IN THE STATEMENT OF CASH FLOWS ABOVE: | ||
| Cash and cash equivalents | $61,287 | $41,135 |
| Restricted cash | 6,139 | 6,270 |
| TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $67,426 | $47,405 |
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