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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2012
SUMMIT HOTEL OP, LP
Jun. 30, 2011
Predecessor
OPERATING ACTIVITIES      
Net income (loss) $ (3,161,601) $ (3,161,601) $ (7,216,816)
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Depreciation and amortization 16,657,621 16,657,621 13,678,039
Amortization of prepaid lease 23,700 23,700 23,700
Loss on impairment of assets 2,098,000 2,098,000  
Equity-based compensation 514,569 514,569 302,484
Deferred tax benefit (775,530) (775,530)  
(Gain) loss on derivatives 1,012 1,012  
(Gain) loss on disposal of assets 186,589 186,589 36,031
Changes in operating assets and liabilities:      
Trade receivables (3,183,395) (3,183,395) (1,819,323)
Prepaid expenses and other 939,056 939,056 3,239,939
Accounts payable and related party accounts payable 270,517 270,517 (694,799)
Income tax receivable (16,566) (16,566)  
Accrued expenses (617,719) (617,719) 3,531,328
Restricted cash released (funded) 201,291 201,291 224,124
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 13,137,544 13,137,544 11,304,707
INVESTING ACTIVITIES      
Land and hotel acquisitions (50,525,000) (50,525,000) (37,700,000)
Purchases of other property and equipment (11,665,820) (11,665,820) (11,147,843)
Proceeds from asset dispositions, net of closing costs 16,786,568 16,786,568 357,843
Restricted cash released (funded) (1,845,257) (1,845,257) 685,035
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (47,249,509) (47,249,509) (47,804,965)
FINANCING ACTIVITIES      
Proceeds from issuance of debt 127,085,266 127,085,266 57,882,528
Principal payments on debt (78,859,072) (78,859,072) (226,599,060)
Financing fees on debt (1,944,604) (1,944,604) (3,641,499)
Contributions, net of offering costs (348,608) (348,608) 240,855,458
Distributions (10,734,942) (10,734,942) (10,385,448)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 35,198,040 35,198,040 58,111,979
NET CHANGE IN CASH AND CASH EQUIVALENTS 1,086,075 1,086,075 21,611,721
CASH AND CASH EQUIVALENTS      
BEGINNING OF PERIOD 10,537,132 10,537,132 7,977,418
END OF PERIOD 11,623,207 11,623,207 29,589,139
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash payments for interest 7,656,874 7,656,874 12,122,358
Cash payments for state income taxes, net of refunds $ 316,837 $ 316,837 $ 568,967