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)

12/31/2019
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 27235202193215168
Cash and cash equivalents 27235202193215168
Restricted cash and investments222200 
Receivables142138125107899254
Prepaid expense     1214
Deferred tax assets    247
Other current assets25322827181930
Other undisclosed current assets684512610(11)(13)
Total current assets:237244403345311351259
Noncurrent Assets
Operating lease, right-of-use asset24
Inventory, real estate     4
Property, plant and equipment3521288384887766
Long-term investments and receivables103831481118313132
Long-term investments     5132
Accounts and financing receivable, after allowance for credit loss     40 
Due from related parties103831481118340 
Intangible assets, net (including goodwill)4504409595917576
Goodwill1591698179796666
Intangible assets, net (excluding goodwill)290271151612910
Restricted cash and investments251921171818 
Deferred costs272123192779
Deferred income tax assets21
Other noncurrent assets97842954176584
Defined benefit plan, assets for plan benefits   16
Other undisclosed noncurrent assets5211812512982(82)(2)
Total noncurrent assets:1,150895525508406296281
TOTAL ASSETS:1,3871,138928852717647540
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities176178152129135151125
Accounts payable73746448645742
Accrued liabilities90938680716457
Employee-related liabilities     3024
Taxes payable  31002
Interest and dividends payable1312     
Deferred revenue72
Debt811111210
Restructuring reserve     1
Deferred revenue and credits141133726661
Other undisclosed current liabilities70139   (30)(22)
Total current liabilities:326318294264208200174
Noncurrent Liabilities
Long-term debt and lease obligation, including:844754725839813782783
Operating lease, liability21
Other undisclosed long-term debt and lease obligation823754725839813782783
Liabilities, other than long-term debt142639439696942
Deferred revenue and credits   1918
Accounts payable and accrued liabilities262629    
Deferred revenue113
Deferred tax liabilities, net 001(21) 
Other liabilities3376539697024
Other undisclosed noncurrent liabilities98187262223255
Total noncurrent liabilities:1,0841,004845900905876830
Total liabilities:1,4101,3221,1401,1641,1131,0761,004
Stockholders' equity
Stockholders' equity attributable to parent(24)(184)(212)(311)(396)(429)(464)
Common stock1111111
Treasury stock, value(1,220)(1,188)(1,065)(1,070)(1,053)(982)(918)
Additional paid in capital231213182159150128118
Accumulated other comprehensive loss(5)(5)(5)(9)(9)(7)(6)
Retained earnings969795674608515432342
Total stockholders' equity:(24)(184)(212)(311)(396)(429)(464)
TOTAL LIABILITIES AND EQUITY:1,3871,138928852717647540

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,1151,0411,007925860758724
Revenue, net379344319302282
Cost of revenue(602)(544)(580)(537)(497)(413)(402)
Gross profit:513497428387363345322
Operating expenses(179)(174)(163)(149)(137)(131)(127)
Other undisclosed operating income (loss)(15)(4)(0)0   
Operating income:319318264239225215194
Nonoperating expense(49)(45)(40)(39)(41)(41)(38)
Investment income, nonoperating15695213
Interest and debt expense(7)(46)(45)(44)(43)(41)(43)
Income from continuing operations before equity method investments, income taxes:263227179156141132114
Income (loss) from equity method investments     (1)1
Other undisclosed income from continuing operations before income taxes7464544434242
Income from continuing operations before income taxes:270273224200184174157
Income tax expense(47)(57)(109)(61)(56)(52)(44)
Net income:223216115139128121113
Other undisclosed net income attributable to parent     2 
Net income attributable to parent:223216115139128123113
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)(1)(1) 
Net income available to common stockholders, basic:222215114138127122113
Other undisclosed net income available to common stockholders, diluted000000 
Net income available to common stockholders, diluted:222215114138127122113

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:223216115139128121113
Other comprehensive income (loss)1(1)40(2)(1)(2)
Other undisclosed comprehensive income     2 
Comprehensive income, net of tax, attributable to parent:224216119140126122111

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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