Choice hotels international inc /de (CHH)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
REVENUES
Revenues

217,806

-

310,422

-

218,040

-

291,149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hotel operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,224

978

-

1,236

1,073

864

987

1,068

1,109

867

934

1,179

Revenues

218,175

268,084

310,732

317,684

218,320

244,979

291,490

295,441

209,394

221,483

269,930

261,016

188,868

-

267,577

241,751

207,118

210,951

241,526

232,156

175,245

185,402

215,168

197,664

159,736

168,831

216,718

190,930

148,171

184,667

205,271

173,621

129,169

167,699

192,321

165,301

115,281

155,006

183,801

149,848

107,421

165,976

143,343

OPERATING EXPENSES
Selling, general and administrative

28,835

44,031

38,308

46,980

39,514

44,702

38,191

46,270

40,864

41,465

46,573

44,038

33,745

45,205

34,357

40,039

35,119

38,542

30,152

33,122

32,438

33,089

30,236

31,413

26,680

28,905

26,409

29,731

26,668

29,904

23,072

24,554

24,349

33,495

22,555

26,539

23,847

26,744

23,156

22,824

21,816

24,517

27,076

Depreciation and amortization

6,529

6,239

5,568

3,405

3,616

3,793

3,815

3,669

3,053

1,694

1,601

1,659

1,726

-1,711

2,986

2,956

2,765

2,749

3,108

2,995

2,690

2,462

2,293

2,332

2,278

2,355

2,272

2,388

2,041

1,837

1,860

1,977

2,017

1,521

2,073

1,948

1,955

1,872

2,078

2,220

2,172

2,105

2,032

Marketing and reservation system

130,447

140,749

158,430

160,121

119,839

140,154

138,316

136,568

119,228

113,965

128,661

128,780

107,994

47,572

152,018

133,814

126,361

122,465

134,463

133,122

98,713

103,594

115,653

103,766

89,606

96,429

124,809

104,072

82,323

106,151

117,965

94,633

70,929

95,960

104,393

90,832

62,967

87,150

102,867

80,389

58,840

90,465

75,296

Owned hotels

6,034

-

6,014

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hotel operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

867

809

-

900

860

833

799

823

808

756

764

829

Total operating expenses

171,845

199,453

208,320

210,506

162,969

188,649

180,322

186,507

163,145

157,124

176,835

174,477

143,465

91,066

189,361

176,809

164,245

163,756

167,723

169,239

133,841

139,145

148,182

137,511

118,564

127,689

153,490

136,191

111,032

136,216

142,897

122,031

98,104

128,383

129,921

120,179

89,602

116,565

128,924

106,241

83,584

117,851

105,233

Goodwill, Impairment Loss

0

0

0

0

3,097

4,289

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of Long-Lived Assets Held-for-use

0

-12

-33

0

7,304

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of business

-

-

-25

-4,641

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of assets, net

0

-

0

0

100

-

0

82

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on sale of land and building, net

-

-

-

-

-

-

-

-

-

-

-32

0

-

-

402

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Income (Loss)

46,330

68,635

102,420

102,537

45,050

52,041

111,168

109,016

46,249

64,648

93,063

86,539

45,403

622

78,618

64,942

42,873

47,195

73,803

62,917

41,404

46,257

66,986

60,153

41,172

41,142

63,228

54,739

37,139

48,451

62,374

51,590

31,065

39,316

62,400

45,122

25,679

38,441

54,877

43,607

23,837

48,125

38,110

OTHER INCOME AND EXPENSES, NET
Interest expense

11,380

12,072

12,431

11,093

11,211

11,188

11,706

11,705

11,309

11,155

11,399

11,280

11,205

10,980

11,150

11,224

11,092

10,776

10,821

11,057

10,179

10,110

10,495

10,710

10,171

10,203

10,757

10,807

10,770

10,366

10,166

3,540

3,117

3,220

3,228

3,267

3,224

3,520

1,864

675

621

926

1,265

Interest income

2,288

2,379

2,220

2,784

2,613

2,234

1,966

1,643

1,609

1,643

1,575

1,438

1,264

1,033

836

827

839

598

359

277

346

556

355

347

503

568

676

659

644

384

425

394

337

369

506

221

210

462

161

-135

60

-

-

Loss on extinguishment of debt

-607

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-526

-

-

-

0

-

-

-

-

-

-

-

-

Other losses (gains)

-4,277

1,643

115

906

2,198

-2,792

972

503

-120

978

778

576

897

499

746

321

-62

581

-1,402

1,173

468

-585

-375

474

59

514

703

-147

710

-148

511

-377

2,003

1,236

-2,673

38

-1,043

-1,410

1,510

1,238

1,017

-

-

Interest and other investment (income) loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,961

3,173

Equity in net loss of affiliates

-1,955

-25

-6,400

-980

-2,171

35

43

567

-5,968

-1,333

-274

-859

-2,080

778

1,150

744

-2,180

206

329

-431

-1,005

-80

-513

-30

-35

294

421

60

-141

224

171

-128

-55

7

-39

0

301

336

342

195

353

336

225

Total other income and expenses, net

-15,931

-15,263

-16,496

-8,383

-8,571

-11,711

-8,725

-8,992

-15,788

-9,867

-9,320

-10,125

-11,124

-8,670

-8,418

-9,332

-12,495

-9,391

-11,535

-10,038

-10,370

-10,219

-11,028

-9,919

-9,644

-8,827

-8,957

-10,235

-9,557

-9,906

-9,585

-3,651

-832

-1,608

-5,434

-3,008

-3,756

-1,926

149

-1,583

809

2,371

2,133

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

30,399

53,372

85,924

94,154

36,479

40,330

102,443

100,024

30,461

54,781

83,743

76,414

34,279

-8,048

70,200

55,610

30,378

37,804

62,268

52,879

31,034

36,038

55,958

50,234

31,528

32,315

54,271

44,504

27,582

38,545

52,789

47,939

30,233

37,708

56,966

42,114

21,923

36,515

55,026

42,024

24,646

50,496

40,243

Income Tax Expense (Benefit)

-25,064

11,203

9,685

19,765

6,398

8,859

22,484

20,185

5,375

64,597

26,554

25,729

10,010

-7,210

22,635

16,788

9,215

8,601

20,849

17,066

9,440

10,729

16,542

14,955

10,059

8,938

15,698

12,880

7,806

11,763

10,152

16,077

10,236

12,485

14,664

14,536

6,193

12,372

14,532

15,013

8,853

17,688

14,740

Income from continuing operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,309

39,416

35,279

21,469

23,377

38,573

31,624

19,776

-

42,637

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-24

-51

121

1,641

66

143

183

-33

-

107

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

55,463

42,169

76,239

74,389

30,081

31,471

79,959

79,839

25,086

-9,816

57,189

50,685

24,269

-838

47,565

38,822

21,163

29,203

41,419

35,813

21,594

25,285

39,365

35,400

23,110

23,443

38,716

31,807

19,743

27,010

42,744

31,862

19,997

25,451

42,302

27,578

15,730

24,143

40,494

27,011

15,793

32,808

25,503

Earnings Per Share, Basic [Abstract]
Income (Loss) from Continuing Operations, Per Basic Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.43

0.67

0.61

0.37

-

0.66

0.54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic earnings per share, Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.03

-

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares outstanding - basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60,467

Weighted average shares outstanding - diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60,598

Basic earnings per share (in dollars per share)

1.00

-

1.37

1.34

0.54

-

1.42

1.41

0.44

-

1.01

0.90

0.43

-

0.85

0.69

0.38

-

0.72

0.62

0.38

0.43

0.67

0.61

0.40

0.40

0.66

0.54

0.34

0.46

0.74

0.55

0.34

0.44

0.71

0.46

0.26

0.40

0.68

0.45

0.27

0.55

0.42

Diluted earnings per share:
Income (Loss) from Continuing Operations, Per Diluted Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.44

0.67

0.60

0.36

-

0.65

0.54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted earnings per share, Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.03

-

0.01

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted earnings per share (in dollars per share)

0.99

-

1.36

1.33

0.54

-

1.41

1.40

0.44

-

1.01

0.89

0.43

-

0.84

0.68

0.37

-

0.72

0.62

0.37

0.44

0.67

0.60

0.39

0.39

0.66

0.54

0.34

0.47

0.73

0.55

0.34

0.44

0.71

0.46

0.26

0.41

0.68

0.45

0.26

0.55

0.42

Cash dividends declared per share (in dollars per share)

0.22

-

0.21

0.21

0.21

-

0.21

0.21

0.21

-

0.21

0.21

0.21

-

0.20

0.20

0.20

-

0.19

0.19

0.19

-

0.18

0.18

0.18

-

0.18

0.18

-

-

-

-

-

-

-

-

-

-

0.18

0.18

0.18

0.18

0.18

Royalty fees
Revenues

70,339

87,683

113,688

106,427

80,353

85,750

111,009

103,219

76,698

78,530

103,322

91,599

68,294

70,531

96,114

86,195

64,859

67,965

89,929

81,183

62,431

65,237

86,091

77,670

58,540

59,606

79,460

72,638

56,108

69,725

78,038

66,064

47,853

63,971

77,090

61,620

43,794

56,950

72,565

57,443

41,021

66,401

54,929

Initial franchise and relicensing fees
Revenues

7,284

7,266

6,741

6,675

6,807

7,115

6,262

6,481

6,214

5,775

5,729

5,728

5,806

2,574

6,284

5,706

5,156

6,977

6,170

5,816

5,717

6,720

4,299

4,722

3,740

5,843

4,650

4,416

3,777

5,250

3,247

3,178

2,528

4,969

3,583

2,779

2,721

3,496

1,970

2,655

1,912

2,957

3,993

Procurement services
Revenues

13,797

13,839

14,814

20,829

11,947

12,697

11,620

17,833

9,938

9,906

8,810

14,372

7,363

12,125

7,615

10,308

5,796

7,404

6,271

8,589

4,807

5,526

5,495

8,020

4,778

4,464

4,708

7,546

3,950

3,972

3,839

6,836

3,315

4,074

4,103

6,673

3,261

4,129

3,756

6,611

3,245

3,922

6,772

Marketing and reservation system
Revenues

110,385

137,873

157,024

172,465

110,064

126,962

152,367

157,347

107,001

117,380

142,915

140,477

98,853

-3,073

152,018

133,814

126,361

122,465

134,463

133,122

98,713

103,594

115,653

103,766

89,606

96,429

124,809

104,072

82,323

106,151

117,965

94,633

70,929

95,960

104,393

90,832

62,967

87,150

102,867

80,389

58,840

90,465

75,296

Owned hotels
Revenues

9,314

-

8,661

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

9,422

-

8,710

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other
Revenues

6,687

-

9,494

11,288

8,869

-

9,891

10,561

9,543

-

9,154

8,840

8,552

9,306

5,546

5,728

4,946

6,140

4,693

3,446

3,577

4,325

3,630

3,486

3,072

2,489

3,091

2,258

2,013

1,771

2,182

1,686

3,566

1,898

1,916

2,324

1,674

2,294

1,575

1,641

1,536

1,297

1,174

Revenues

6,948

-

9,755

-

9,149

-

10,232

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-