Choice Hotels International, Inc. (CHH) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments512  27235202193
Cash and cash equivalents512  27235202193
Restricted cash and investments2222220
Receivables22011914213812510789
Prepaid expense16      
Other current assets 202532282718
Other undisclosed current assets12292684512610
Total current assets:762433237244403345311
Noncurrent Assets
Operating lease, right-of-use asset341824
Property, plant and equipment377335352128838488
Long-term investments and receivables661111038314811183
Accounts and financing receivable, after allowance for credit loss66      
Due from related parties 1111038314811183
Intangible assets, net (including goodwill)472463450440959591
Goodwill159159159169817979
Intangible assets, net (excluding goodwill)312304290271151612
Restricted cash and investments 292519211718
Deferred costs36 2721231927
Deferred income tax assets696821
Other noncurrent assets90889784295417
Other undisclosed noncurrent assets26435211812512982
Total noncurrent assets:1,1701,1541,150895525508406
TOTAL ASSETS:1,9321,5871,3871,138928852717
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities199162176178152129135
Accounts payable81837374644864
Accrued liabilities104799093868071
Taxes payable    310
Interest and dividends payable13 1312   
Deferred revenue825072
Debt216 81111
Deferred revenue and credits14113372
Other undisclosed current liabilities744370139   
Total current liabilities:570256326318294264208
Noncurrent Liabilities
Long-term debt and lease obligation, including:8801,059844754725839813
Long-term debt, excluding current maturities844      
Operating lease, liability351321
Other undisclosed long-term debt and lease obligation 1,046823754725839813
Liabilities, other than long-term debt13615514263943969
Accounts payable and accrued liabilities2123262629  
Deferred revenue106122113
Deferred tax liabilities, net 001
Other liabilities99337653969
Other undisclosed noncurrent liabilities8012498187262223
Total noncurrent liabilities:1,0961,3371,0841,004845900905
Total liabilities:1,6661,5931,4101,3221,1401,1641,113
Stockholders' equity
Stockholders' equity attributable to parent, including:266(6)(24)(184)(212)(311)(396)
Common stock 111111
Treasury stock, value(1,265)(1,260)(1,220)(1,188)(1,065)(1,070)(1,053)
Additional paid in capital259234231213182159150
Accumulated other comprehensive loss(5)(5)(5)(5)(5)(9)(9)
Retained earnings1,2751,025969795674608515
Other undisclosed stockholders' equity attributable to parent1      
Total stockholders' equity:266(6)(24)(184)(212)(311)(396)
TOTAL LIABILITIES AND EQUITY:1,9321,5871,3871,138928852717

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,0697741,1151,0411,007925860
Revenue, net379344319
Cost of revenue(494)(474)(602)(544)(580)(537)(497)
Gross profit:575300513497428387363
Operating expenses(146)(163)(179)(174)(163)(149)(137)
Other undisclosed operating income (loss)(0)(15)(15)(4)(0)0 
Operating income:429122319318264239225
Nonoperating expense(52)(69)(49)(45)(40)(39)(41)
Investment income, nonoperating1012156952
Interest and debt expense(47)(17)(7)(46)(45)(44)(43)
Income from continuing operations before equity method investments, income taxes:33036263227179156141
Other undisclosed income from continuing operations before income taxes4717746454443
Income from continuing operations before income taxes:37653270273224200184
Income tax expense (benefit)(88)22(47)(57)(109)(61)(56)
Net income attributable to parent:28975223216115139128
Other undisclosed net loss available to common stockholders, basic(1)(0)(1)(1)(1)(1)(1)
Net income available to common stockholders, basic:28875222215114138127
Other undisclosed net income available to common stockholders, diluted  00000
Net income available to common stockholders, diluted:28875222215114138127

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:28975223216115139128
Other comprehensive income (loss)  1(1)40(2)
Comprehensive income:28975224216119140126
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)     
Comprehensive income, net of tax, attributable to parent:28975224216119140126

Statements sources

The financial statements are based on the company's filings with the 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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