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 investments3227235202193215168
Cash and cash equivalents3227235202193215168
Restricted cash and investments 22200 
Receivables172138125107899254
Prepaid expense     1214
Deferred tax assets    247
Other current assets23322827181930
Other undisclosed current assets344512610(11)(13)
Total current assets:260244403345311351259
Noncurrent Assets
Operating lease, right-of-use asset26
Inventory, real estate     4
Property, plant and equipment3471288384887766
Long-term investments and receivables93831481118313132
Long-term investments     5132
Accounts and financing receivable, after allowance for credit loss     40 
Due from related parties93831481118340 
Intangible assets, net (including goodwill)4394409595917576
Goodwill1591698179796666
Intangible assets, net (excluding goodwill)279271151612910
Restricted cash and investments 1921171818 
Deferred costs 2123192779
Deferred income tax assets27
Other noncurrent assets89842954176584
Defined benefit plan, assets for plan benefits   16
Other undisclosed noncurrent assets9311812512982(82)(2)
Total noncurrent assets:1,114895525508406296281
TOTAL ASSETS:1,3741,138928852717647540
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities170178152129135151125
Accounts payable85746448645742
Accrued liabilities74938680716457
Employee-related liabilities     3024
Taxes payable  31002
Interest and dividends payable1212     
Deferred revenue80
Debt111111210
Restructuring reserve     1
Deferred revenue and credits141133726661
Other undisclosed current liabilities65139   (30)(22)
Total current liabilities:316318294264208200174
Noncurrent Liabilities
Long-term debt and lease obligation, including:876754725839813782783
Long-term debt, excluding current maturities876      
Operating lease, liability24
Other undisclosed long-term debt and lease obligation(24)754725839813782783
Liabilities, other than long-term debt76639439696942
Deferred revenue and credits   1918
Accounts payable and accrued liabilities242629    
Deferred revenue46
Deferred tax liabilities, net 001(21) 
Other liabilities6376539697024
Other undisclosed noncurrent liabilities163187262223255
Total noncurrent liabilities:1,1151,004845900905876830
Total liabilities:1,4311,3221,1401,1641,1131,0761,004
Stockholders' equity
Stockholders' equity attributable to parent(57)(184)(212)(311)(396)(429)(464)
Common stock 111111
Treasury stock, value(1,216)(1,188)(1,065)(1,070)(1,053)(982)(918)
Additional paid in capital225213182159150128118
Accumulated other comprehensive loss(6)(5)(5)(9)(9)(7)(6)
Retained earnings939795674608515432342
Other undisclosed stockholders' equity attributable to parent1      
Total stockholders' equity:(57)(184)(212)(311)(396)(429)(464)
TOTAL LIABILITIES AND EQUITY:1,3741,138928852717647540

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
Revenues1,0921,0411,007925860758724
Revenue, net379344319302282
Cost of revenue(582)(544)(580)(537)(497)(413)(402)
Gross profit:510497428387363345322
Operating expenses(189)(174)(163)(149)(137)(131)(127)
Other undisclosed operating income (loss)(19)(4)(0)0   
Operating income:302318264239225215194
Nonoperating expense(45)(45)(40)(39)(41)(41)(38)
Investment income, nonoperating10695213
Interest and debt expense(46)(46)(45)(44)(43)(41)(43)
Income from continuing operations before equity method investments, income taxes:211227179156141132114
Income (loss) from equity method investments     (1)1
Other undisclosed income from continuing operations before income taxes46464544434242
Income from continuing operations before income taxes:257273224200184174157
Income tax expense(45)(57)(109)(61)(56)(52)(44)
Net income:212216115139128121113
Other undisclosed net income attributable to parent     2 
Net income attributable to parent:212216115139128123113
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)(1)(1) 
Net income available to common stockholders, basic:211215114138127122113
Other undisclosed net income available to common stockholders, diluted000000 
Net income available to common stockholders, diluted:211215114138127122113

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:212216115139128121113
Other comprehensive income (loss)(0)(1)40(2)(1)(2)
Other undisclosed comprehensive income     2 
Comprehensive income, net of tax, attributable to parent:212216119140126122111

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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