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Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2012
SUMMIT HOTEL OP, LP
Sep. 30, 2011
Predecessor
OPERATING ACTIVITIES      
NET INCOME (LOSS) $ (1,520,775) $ (1,520,775) $ (7,175,394)
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Depreciation and amortization 25,161,462 25,161,462 22,069,954
Amortization of prepaid lease 35,550 35,550 35,550
Loss on impairment of assets 2,098,000 2,098,000  
Equity-based compensation 783,253 783,253 353,685
Deferred tax benefit (513,029) (513,029)  
(Gain) loss on derivatives 1,787 1,787  
(Gain) loss on disposal of assets 198,795 198,795 36,031
Changes in operating assets and liabilities:      
Trade receivables (2,903,582) (2,903,582) (2,448,764)
Prepaid expenses and other (121,909) (121,909) 4,125,239
Accounts payable and related party accounts payable (416,944) (416,944) (736,091)
Income tax receivable 453,369 453,369  
Accrued expenses 1,630,562 1,630,562 3,918,188
Restricted cash released (funded) (265,432) (265,432) (256,354)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 24,621,107 24,621,107 19,922,044
INVESTING ACTIVITIES      
Land and hotel acquisitions (65,949,000) (65,949,000) (50,017,000)
Purchases of other property and equipment (17,984,149) (17,984,149) (21,234,766)
Proceeds from asset dispositions, net of closing costs 18,421,047 18,421,047 359,936
Restricted cash released (funded) (2,545,679) (2,545,679) 660,135
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (68,057,781) (68,057,781) (70,231,695)
FINANCING ACTIVITIES      
Proceeds from issuance of debt 142,585,266 142,585,266 65,382,528
Principal payments on debt (80,541,737) (80,541,737) (228,228,653)
Financing fees on debt (2,020,132) (2,020,132) (3,953,546)
Proceeds from equity offerings, net of offering costs (707,101) (707,101) 240,840,458
Distributions (16,128,913) (16,128,913) (14,590,474)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 43,187,383 43,187,383 59,450,313
NET CHANGE IN CASH AND CASH EQUIVALENTS (249,291) (249,291) 9,140,662
CASH AND CASH EQUIVALENTS      
BEGINNING OF PERIOD 10,537,132 10,537,132 7,977,418
END OF PERIOD 10,287,841 10,287,841 17,118,080
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash payments for interest 11,636,683 11,636,683 15,632,256
Cash payments for state income taxes, net of refunds $ 392,945 $ 392,945 $ 616,276