Summit Hotel Properties, Inc. (INN) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Room								436.2
Other hotel operations								27.3
Total revenues [+]	675.7	361.9	234.5	549.3	567.3	515.4	473.9	463.5
Room / occupancy								436.2
Other hotel								27.3
Revenue growth [+]	86.7%	54.4%	-57.3%	-3.2%	10.1%	8.7%	2.3%	14.9%
Room								14.6%
Other hotel operations								18.5%
Cost of goods sold [+]	49.9	41.4	44.7	44.2	43.3	37.4	30.3	295.8
Occupancy costs								109.8
Other direct hotel costs								64.0
Real estate or leased property costs								122.0
Gross profit	625.8	320.6	189.8	505.1	523.9	478.0	443.7	167.6
Gross margin	92.6%	88.6%	80.9%	92.0%	92.4%	92.7%	93.6%	36.2%
Selling, general and administrative [+]	30.8	29.4	21.0	23.6	21.5	19.6	19.3	21.2
General and administrative [+]	30.8	29.4	21.0	23.6	21.5	19.6	19.3	21.2
General and administrative expenses	30.8	29.4	21.0	23.6	21.5	19.6	19.3	21.2
Other operating expenses	345.6	210.0	166.8	214.7	233.7	201.8	165.7
EBITDA [+]	249.4	81.1	2.0	266.8	268.8	256.6	258.7	146.4
EBITDA growth	207.4%	4056.7%	-99.3%	-0.7%	4.7%	-0.8%	76.7%	29.3%
EBITDA margin	36.9%	22.4%	0.8%	48.6%	47.4%	49.8%	54.6%	31.6%
Depreciation	146.2	106.0	109.6	99.4	101.0	85.9	72.4	64.1
EBITA	103.3	-24.8	-107.7	167.3	167.7	170.7	186.3	82.4
EBITA margin	15.3%	-6.9%	-45.9%	30.5%	29.6%	33.1%	39.3%	17.8%
Amortization of intangibles	4.0
EBIT [+]	99.3	-24.8	-107.7	167.3	167.7	170.7	186.3	82.4
EBIT growth	-500.0%	-77.0%	-164.3%	-0.2%	-1.7%	-8.4%	126.1%	66.5%
EBIT margin	14.7%	-6.9%	-45.9%	30.5%	29.6%	33.1%	39.3%	17.8%
Non-recurring items [+]	31.5	8.5	1.7	47.9	42.5	43.6	53.9	2.4
Asset impairment	10.4	4.4	1.8	2.5	1.1		0.6	1.1
Loss (gain) on sale of assets	20.3	0.2	0.0	45.4	41.5	43.2	49.9
Interest expense	65.6	43.4	43.3	41.0	41.9	29.7	28.1	30.4
Interest expense	65.6	43.4	43.3	41.0	41.9	29.7	28.1	30.4
Other income (expense), net [+]	2.6	9.5	4.8	5.5	6.9	3.8	2.6	76.2
Gain (loss) on sale of assets								65.1
Other	2.6	9.5	4.8	5.5	6.9	3.8	2.6	11.1
Pre-tax income	4.8	-67.1	-147.9	83.8	90.2	101.2	106.8	125.8
Income taxes	3.6	1.5	1.4	1.5	-0.9	1.7	-1.5	0.6
Tax rate	74.8%			1.8%		1.7%		0.4%
Minority interest	0.2	3.0	5.9	-0.2	0.2	0.3	0.5	0.8
Net income	-16.9	-83.7	-158.2	67.8	71.0	79.2	87.4	107.8
Net margin	-2.5%	-23.1%	-67.5%	12.3%	12.5%	15.4%	18.5%	23.3%

Basic EPS [+]	($0.16)	($0.80)	($1.52)	$0.65	$0.68	$0.80	$1.01	$1.26
Growth	-79.9%	-47.2%	-332.8%	-4.8%	-14.1%	-20.8%	-19.8%	2722.4%
Diluted EPS [+]	($0.16)	($0.80)	($1.52)	$0.65	$0.68	$0.79	$1.00	$1.24
Growth	-79.9%	-47.2%	-332.9%	-4.6%	-13.9%	-20.7%	-19.1%	2693.4%

Dividends per share [+]	$0.08		$0.18	$0.72	$0.72	$0.67	$0.55	$0.47
Growth		-100.0%	-75.0%	0.0%	7.5%	21.8%	17.0%	2.2%

Shares outstanding (basic) [+]	105.1	104.5	104.1	103.9	103.6	99.4	86.9	85.9
Growth	0.6%	0.3%	0.2%	0.3%	4.2%	14.4%	1.1%	0.8%
Shares outstanding (diluted) [+]	105.1	104.5	104.1	103.9	103.8	99.8	87.3	87.1
Growth	0.6%	0.3%	0.2%	0.1%	4.1%	14.2%	0.2%	1.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.