Choice Hotels International, Inc. (CHH) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 CHOICE HOTELS CIRCLE
ROCKVILLE, MD 20850
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7011 - Hotels and Motels (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,16731,67941,56652,541607,185527,209
Cash and cash equivalents36,16731,67941,56652,541607,185527,209
Restricted cash and investments   700   
Receivables278,150271,932273,839350,517260,773234,008
Prepaid expense   29,640   
Other undisclosed current assets33,81737,4772,17756,091115,65126,801
Total current assets:348,134341,088347,922459,149983,609788,018
Noncurrent Assets
Operating lease, right-of-use asset63,90266,39868,98570,53329,66931,869
Property, plant and equipment449,313434,282427,306417,431319,161394,950
Long-term investments and receivables50,02256,38255,57754,49248,64967,649
Accounts and financing receivable, after allowance for credit loss50,02256,38255,57754,49248,64967,649
Intangible assets, net (including goodwill)984,564970,366960,843951,320479,118470,275
Goodwill220,187220,187218,653227,703159,196159,196
Intangible assets, net (excluding goodwill)764,377750,179742,190723,617319,922311,079
Deferred costs   32,400   
Deferred income tax assets86,00680,59388,18290,84774,04971,795
Other noncurrent assets87,15889,14091,06886,50784,97685,173
Other undisclosed noncurrent assets81,22467,97429,89258,70457,61062,299
Total noncurrent assets:1,802,1891,765,1351,754,2531,729,8341,093,2321,184,010
TOTAL ASSETS:2,150,3232,106,2232,102,1752,188,9832,076,8411,972,028
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities219,768171,977250,273267,859220,307184,341
Interest and dividends payable12,77613,24913,250
Accounts payable120,97793,135118,863129,856106,42789,826
Accrued liabilities98,79178,842131,410125,227100,63181,265
Deferred revenue86,84489,582182,64982,46178,95586,212
Debt4,4164,4162,9762,976216,571216,486
Other undisclosed current liabilities95,658103,599 73,08766,51876,474
Total current liabilities:406,686369,574435,898426,383582,351563,513
Noncurrent Liabilities
Long-term debt and lease obligation1,384,2931,374,8141,200,5471,225,706875,084876,975
Long-term debt, excluding current maturities1,384,2931,374,8141,200,5471,155,142844,729844,426
Liabilities, other than long-term debt131,497141,887274,39775,15960,52369,837
Accounts payable and accrued liabilities8,60115,48215,48215,48215,48220,642
Deferred revenue46,31648,420181,53049,11337,68442,350
Other liabilities7,7958,2776,39110,5647,3576,845
Operating lease, liability68,78569,70870,99470,56430,35532,549
Other undisclosed noncurrent liabilities173,156172,94036,673177,224142,158147,058
Total noncurrent liabilities:1,688,9461,689,6411,511,6171,478,0891,077,7651,093,870
Total liabilities:2,095,6322,059,2151,947,5151,904,4721,660,1161,657,383
Equity
Equity, attributable to parent, including:54,69147,008154,660284,511416,725314,645
Treasury stock, value(1,917,031)(1,842,913)(1,694,857)(1,507,423)(1,276,090)(1,276,348)
Additional paid in capital311,288299,952298,053284,092274,384265,385
Accumulated other comprehensive loss(4,522)(4,817)(5,211)(5,713)(4,811)(4,708)
Retained earnings1,664,0051,593,8351,555,7241,512,6041,422,2911,329,365
Other undisclosed equity, attributable to parent951951951951951951
Total equity:54,69147,008154,660284,511416,725314,645
TOTAL LIABILITIES AND EQUITY:2,150,3232,106,2232,102,1752,188,9832,076,8411,972,028

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues427,420332,792361,982414,266367,974257,727
Cost of revenue(235,227)(195,658)(221,845)(212,425)(170,017)(128,035)
Gross profit:192,193137,134140,137201,841197,957129,692
Operating expenses(67,804)(59,283)(62,861)(70,202)(43,888)(30,324)
Other undisclosed operating income (loss)   (439)13,3793,28029
Operating income:124,38977,85176,837145,018157,34999,397
Nonoperating expense(11,842)(10,356)(6,668)(8,242)(15,223)(11,662)
Investment income, nonoperating4,2433,7914,59245(3,931)(436)
Interest and debt expense(16,270)(14,084)(11,713)(9,362)(11,252)(11,470)
Income from continuing operations before equity method investments, income taxes:96,27753,41158,456127,414130,87476,265
Other undisclosed income from continuing operations before income taxes16,27014,08411,7139,36211,25211,470
Income from continuing operations before income taxes:112,54767,49570,169136,776142,12687,735
Income tax expense(27,837)(14,675)(14,656)(33,696)(35,958)(20,344)
Income from continuing operations:84,71052,82055,513103,080106,16867,391
Income before gain (loss) on sale of properties:103,080106,16867,391
Net income attributable to parent:84,71052,82055,513103,080106,16867,391
Other undisclosed net loss available to common stockholders, basic(437)(272)(355)(614)(622)(324)
Net income available to common stockholders, diluted:84,27352,54855,158102,466105,54667,067

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:84,71052,82055,513103,080106,16867,391
Comprehensive income:84,71052,82055,513103,080106,16867,391
Other undisclosed comprehensive income (loss), net of tax, attributable to parent295394502(902)(103)(134)
Comprehensive income, net of tax, attributable to parent:85,00553,21456,015102,178106,06567,257

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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