Choice Hotels International, Inc. (CHH) financial statements (2021 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)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  27235202193215
Cash and cash equivalents  27235202193215
Restricted cash and investments2222200
Receivables1191421381251078992
Prepaid expense      12
Deferred tax assets✕✕    24
Other current assets20253228271819
Other undisclosed current assets292684512610(11)
Total current assets:433237244403345311351
Noncurrent Assets
Operating lease, right-of-use asset1824✕✕✕✕✕
Inventory, real estate      4
Property, plant and equipment33535212883848877
Long-term investments and receivables1111038314811183131
Long-term investments      51
Accounts and financing receivable, after allowance for credit loss      40
Due from related parties111103831481118340
Intangible assets, net (including goodwill)46345044095959175
Goodwill15915916981797966
Intangible assets, net (excluding goodwill)3042902711516129
Restricted cash and investments29251921171818
Deferred costs 27212319277
Deferred income tax assets6821✕✕✕✕✕
Other noncurrent assets88978429541765
Other undisclosed noncurrent assets435211812512982(82)
Total noncurrent assets:1,1541,150895525508406296
TOTAL ASSETS:1,5871,3871,138928852717647
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities162176178152129135151
Accounts payable83737464486457
Accrued liabilities79909386807164
Employee-related liabilities      30
Taxes payable   3100
Interest and dividends payable 1312    
Deferred revenue5072✕✕✕✕✕
Debt 8111112
Restructuring reserve      1
Deferred revenue and credits✕✕✕1411337266
Other undisclosed current liabilities4370139   (30)
Total current liabilities:256326318294264208200
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,059844754725839813782
Operating lease, liability1321✕✕✕✕✕
Other undisclosed long-term debt and lease obligation1,046823754725839813782
Liabilities, other than long-term debt1551426394396969
Deferred revenue and credits✕✕✕   19
Accounts payable and accrued liabilities23262629   
Deferred revenue122113✕✕✕✕✕
Deferred tax liabilities, net✕✕ 001(21)
Other liabilities933765396970
Other undisclosed noncurrent liabilities1249818726222325
Total noncurrent liabilities:1,3371,0841,004845900905876
Total liabilities:1,5931,4101,3221,1401,1641,1131,076
Stockholders' equity
Stockholders' equity attributable to parent(6)(24)(184)(212)(311)(396)(429)
Common stock1111111
Treasury stock, value(1,260)(1,220)(1,188)(1,065)(1,070)(1,053)(982)
Additional paid in capital234231213182159150128
Accumulated other comprehensive loss(5)(5)(5)(5)(9)(9)(7)
Retained earnings1,025969795674608515432
Total stockholders' equity:(6)(24)(184)(212)(311)(396)(429)
TOTAL LIABILITIES AND EQUITY:1,5871,3871,138928852717647

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7741,1151,0411,007925860758
Revenue, net✕✕✕379344319302
Cost of revenue(474)(602)(544)(580)(537)(497)(413)
Gross profit:300513497428387363345
Operating expenses(163)(179)(174)(163)(149)(137)(131)
Other undisclosed operating income (loss)(15)(15)(4)(0)0  
Operating income:122319318264239225215
Nonoperating expense(69)(49)(45)(40)(39)(41)(41)
Investment income, nonoperating121569521
Interest and debt expense(17)(7)(46)(45)(44)(43)(41)
Income from continuing operations before equity method investments, income taxes:36263227179156141132
Loss from equity method investments      (1)
Other undisclosed income from continuing operations before income taxes1774645444342
Income from continuing operations before income taxes:53270273224200184174
Income tax expense (benefit)22(47)(57)(109)(61)(56)(52)
Net income:75223216115139128121
Other undisclosed net income attributable to parent      2
Net income attributable to parent:75223216115139128123
Other undisclosed net loss available to common stockholders, basic(0)(1)(1)(1)(1)(1)(1)
Net income available to common stockholders, basic:75222215114138127122
Other undisclosed net income available to common stockholders, diluted 000000
Net income available to common stockholders, diluted:75222215114138127122

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:75223216115139128121
Other comprehensive income (loss) 1(1)40(2)(1)
Other undisclosed comprehensive income      2
Comprehensive income:75224216119140126122
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)      
Comprehensive income, net of tax, attributable to parent:75224216119140126122

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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