Choice Hotels International, Inc. (CHH) financial statements (2020 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)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 32 | 27 | 235 | 202 | 193 | 215 | 168 | ||
| Cash and cash equivalents | 32 | 27 | 235 | 202 | 193 | 215 | 168 | ||
| Restricted cash and investments | 2 | 2 | 2 | 0 | 0 | ||||
| Receivables | 172 | 138 | 125 | 107 | 89 | 92 | 54 | ||
| Prepaid expense | 12 | 14 | |||||||
| Deferred tax assets | ✕ | 24 | 7 | ||||||
| Other current assets | 23 | 32 | 28 | 27 | 18 | 19 | 30 | ||
| Other undisclosed current assets | 34 | 45 | 12 | 6 | 10 | (11) | (13) | ||
| Total current assets: | 260 | 244 | 403 | 345 | 311 | 351 | 259 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 26 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Inventory, real estate | 4 | ✕ | |||||||
| Property, plant and equipment | 347 | 128 | 83 | 84 | 88 | 77 | 66 | ||
| Long-term investments and receivables | 93 | 83 | 148 | 111 | 83 | 131 | 32 | ||
| Long-term investments | 51 | 32 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 40 | ||||||||
| Due from related parties | 93 | 83 | 148 | 111 | 83 | 40 | |||
| Intangible assets, net (including goodwill) | 439 | 440 | 95 | 95 | 91 | 75 | 76 | ||
| Goodwill | 159 | 169 | 81 | 79 | 79 | 66 | 66 | ||
| Intangible assets, net (excluding goodwill) | 279 | 271 | 15 | 16 | 12 | 9 | 10 | ||
| Restricted cash and investments | 19 | 21 | 17 | 18 | 18 | ||||
| Deferred costs | 21 | 23 | 19 | 27 | 7 | 9 | |||
| Deferred income tax assets | 27 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 89 | 84 | 29 | 54 | 17 | 65 | 84 | ||
| Defined benefit plan, assets for plan benefits | ✕ | ✕ | ✕ | 16 | |||||
| Other undisclosed noncurrent assets | 93 | 118 | 125 | 129 | 82 | (82) | (2) | ||
| Total noncurrent assets: | 1,114 | 895 | 525 | 508 | 406 | 296 | 281 | ||
| TOTAL ASSETS: | 1,374 | 1,138 | 928 | 852 | 717 | 647 | 540 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 170 | 178 | 152 | 129 | 135 | 151 | 125 | ||
| Accounts payable | 85 | 74 | 64 | 48 | 64 | 57 | 42 | ||
| Accrued liabilities | 74 | 93 | 86 | 80 | 71 | 64 | 57 | ||
| Employee-related liabilities | 30 | 24 | |||||||
| Taxes payable | 3 | 1 | 0 | 0 | 2 | ||||
| Interest and dividends payable | 12 | 12 | |||||||
| Deferred revenue | 80 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 1 | 1 | 1 | 1 | 1 | 12 | 10 | ||
| Restructuring reserve | 1 | ✕ | |||||||
| Deferred revenue and credits | ✕ | ✕ | 141 | 133 | 72 | 66 | 61 | ||
| Other undisclosed current liabilities | 65 | 139 | (30) | (22) | |||||
| Total current liabilities: | 316 | 318 | 294 | 264 | 208 | 200 | 174 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 876 | 754 | 725 | 839 | 813 | 782 | 783 | ||
| Long-term debt, excluding current maturities | 876 | ||||||||
| Operating lease, liability | 24 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (24) | 754 | 725 | 839 | 813 | 782 | 783 | ||
| Liabilities, other than long-term debt | 76 | 63 | 94 | 39 | 69 | 69 | 42 | ||
| Deferred revenue and credits | ✕ | ✕ | 19 | 18 | |||||
| Accounts payable and accrued liabilities | 24 | 26 | 29 | ||||||
| Deferred revenue | 46 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | 0 | 0 | 1 | (21) | ||||
| Other liabilities | 6 | 37 | 65 | 39 | 69 | 70 | 24 | ||
| Other undisclosed noncurrent liabilities | 163 | 187 | 26 | 22 | 23 | 25 | 5 | ||
| Total noncurrent liabilities: | 1,115 | 1,004 | 845 | 900 | 905 | 876 | 830 | ||
| Total liabilities: | 1,431 | 1,322 | 1,140 | 1,164 | 1,113 | 1,076 | 1,004 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (57) | (184) | (212) | (311) | (396) | (429) | (464) | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (1,216) | (1,188) | (1,065) | (1,070) | (1,053) | (982) | (918) | ||
| Additional paid in capital | 225 | 213 | 182 | 159 | 150 | 128 | 118 | ||
| Accumulated other comprehensive loss | (6) | (5) | (5) | (9) | (9) | (7) | (6) | ||
| Retained earnings | 939 | 795 | 674 | 608 | 515 | 432 | 342 | ||
| Other undisclosed stockholders' equity attributable to parent | 1 | ||||||||
| Total stockholders' equity: | (57) | (184) | (212) | (311) | (396) | (429) | (464) | ||
| TOTAL LIABILITIES AND EQUITY: | 1,374 | 1,138 | 928 | 852 | 717 | 647 | 540 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,092 | 1,041 | 1,007 | 925 | 860 | 758 | 724 | |
| Revenue, net | ✕ | ✕ | 379 | 344 | 319 | 302 | 282 | |
| Cost of revenue | (582) | (544) | (580) | (537) | (497) | (413) | (402) | |
| Gross profit: | 510 | 497 | 428 | 387 | 363 | 345 | 322 | |
| Operating expenses | (189) | (174) | (163) | (149) | (137) | (131) | (127) | |
| Other undisclosed operating income (loss) | (19) | (4) | (0) | 0 | ||||
| Operating income: | 302 | 318 | 264 | 239 | 225 | 215 | 194 | |
| Nonoperating expense | (45) | (45) | (40) | (39) | (41) | (41) | (38) | |
| Investment income, nonoperating | 10 | 6 | 9 | 5 | 2 | 1 | 3 | |
| Interest and debt expense | (46) | (46) | (45) | (44) | (43) | (41) | (43) | |
| Income from continuing operations before equity method investments, income taxes: | 211 | 227 | 179 | 156 | 141 | 132 | 114 | |
| Income (loss) from equity method investments | (1) | 1 | ||||||
| Other undisclosed income from continuing operations before income taxes | 46 | 46 | 45 | 44 | 43 | 42 | 42 | |
| Income from continuing operations before income taxes: | 257 | 273 | 224 | 200 | 184 | 174 | 157 | |
| Income tax expense | (45) | (57) | (109) | (61) | (56) | (52) | (44) | |
| Net income: | 212 | 216 | 115 | 139 | 128 | 121 | 113 | |
| Other undisclosed net income attributable to parent | 2 | |||||||
| Net income attributable to parent: | 212 | 216 | 115 | 139 | 128 | 123 | 113 | |
| Other undisclosed net loss available to common stockholders, basic | (1) | (1) | (1) | (1) | (1) | (1) | ||
| Net income available to common stockholders, basic: | 211 | 215 | 114 | 138 | 127 | 122 | 113 | |
| Other undisclosed net income available to common stockholders, diluted | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Net income available to common stockholders, diluted: | 211 | 215 | 114 | 138 | 127 | 122 | 113 | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 212 | 216 | 115 | 139 | 128 | 121 | 113 | |
| Other comprehensive income (loss) | (0) | (1) | 4 | 0 | (2) | (1) | (2) | |
| Other undisclosed comprehensive income | 2 | |||||||
| Comprehensive income, net of tax, attributable to parent: | 212 | 216 | 119 | 140 | 126 | 122 | 111 | |
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.