2022 Q1 Form 10-Q Financial Statement

#000104631122000019 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $257.7M $182.9M
YoY Change 40.88% -16.15%
Cost Of Revenue $113.7M $98.20M
YoY Change 15.73% -24.69%
Gross Profit $144.1M $84.80M
YoY Change 69.9% -3.31%
Gross Profit Margin 55.9% 46.35%
Selling, General & Admin $30.32M $30.27M
YoY Change 0.19% 6.64%
% of Gross Profit 21.05% 35.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.231M $6.362M
YoY Change -2.06% -2.56%
% of Gross Profit 4.32% 7.5%
Operating Expenses $30.32M $30.27M
YoY Change 0.19% 6.64%
Operating Profit $99.40M $44.00M
YoY Change 125.91% -5.95%
Interest Expense $11.47M $11.78M
YoY Change -2.61% 3.49%
% of Operating Profit 11.54% 26.77%
Other Income/Expense, Net -$11.66M -$15.29M
YoY Change -23.72% -6.68%
Pretax Income $87.74M $28.71M
YoY Change 205.59% -5.56%
Income Tax $20.34M $6.373M
% Of Pretax Income 23.19% 22.2%
Net Earnings $67.39M $22.34M
YoY Change 201.7% -59.73%
Net Earnings / Revenue 26.15% 12.21%
Basic Earnings Per Share $1.21 $0.40
Diluted Earnings Per Share $1.20 $0.40
COMMON SHARES
Basic Shares Outstanding 55.41M shares 55.26M shares
Diluted Shares Outstanding 56.05M shares 55.66M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $527.2M $223.0M
YoY Change 136.42% -30.75%
Cash & Equivalents $527.2M $223.0M
Short-Term Investments
Other Short-Term Assets $26.80M $24.35M
YoY Change 10.06% -7.51%
Inventory
Prepaid Expenses
Receivables $175.1M $156.8M
Other Receivables $58.96M $41.00M
Total Short-Term Assets $788.0M $445.1M
YoY Change 77.03% -16.21%
LONG-TERM ASSETS
Property, Plant & Equipment $395.0M $336.5M
YoY Change 17.37% -4.14%
Goodwill $159.2M $159.2M
YoY Change 0.0% 0.0%
Intangibles $311.1M $306.9M
YoY Change 1.37% 5.08%
Long-Term Investments $62.30M $81.60M
YoY Change -23.65% -18.15%
Other Assets $85.17M $87.80M
YoY Change -3.0% -7.52%
Total Long-Term Assets $1.184B $1.139B
YoY Change 3.95% -2.87%
TOTAL ASSETS
Total Short-Term Assets $788.0M $445.1M
Total Long-Term Assets $1.184B $1.139B
Total Assets $1.972B $1.584B
YoY Change 24.49% -7.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $89.83M $70.98M
YoY Change 26.55% 2.89%
Accrued Expenses $81.27M $65.69M
YoY Change 23.72% -0.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $216.5M
YoY Change
Total Short-Term Liabilities $563.5M $243.8M
YoY Change 131.14% -4.55%
LONG-TERM LIABILITIES
Long-Term Debt $844.4M $1.059B
YoY Change -20.28% -12.39%
Other Long-Term Liabilities $6.845M $9.507M
YoY Change -28.0% 189.67%
Total Long-Term Liabilities $851.3M $9.507M
YoY Change 8854.15% -99.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $563.5M $243.8M
Total Long-Term Liabilities $851.3M $9.507M
Total Liabilities $1.657B $1.565B
YoY Change 5.91% -10.46%
SHAREHOLDERS EQUITY
Retained Earnings $1.329B $1.047B
YoY Change 26.99% 4.19%
Common Stock $265.4M $237.5M
YoY Change 11.72% 7.21%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.276B $1.261B
YoY Change 1.18% -0.35%
Treasury Stock Shares 39.30M shares 39.53M shares
Shareholders Equity $314.6M $19.24M
YoY Change
Total Liabilities & Shareholders Equity $1.972B $1.584B
YoY Change 24.49% -7.03%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $67.39M $22.34M
YoY Change 201.7% -59.73%
Depreciation, Depletion And Amortization $6.231M $6.362M
YoY Change -2.06% -2.56%
Cash From Operating Activities $63.92M $120.0K
YoY Change 53170.0% -97.92%
INVESTING ACTIVITIES
Capital Expenditures -$28.02M -$10.20M
YoY Change 174.68% -263.75%
Acquisitions
YoY Change
Other Investing Activities $529.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$22.47M -$9.713M
YoY Change 131.31% -34.48%
FINANCING ACTIVITIES
Cash Dividend Paid $13.20M $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net $14.80M $5.046M
YoY Change 193.34% -90.67%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$25.80M -$2.201M
YoY Change 1071.97% -100.74%
NET CHANGE
Cash From Operating Activities $63.92M $120.0K
Cash From Investing Activities -$22.47M -$9.713M
Cash From Financing Activities -$25.80M -$2.201M
Net Change In Cash $15.66M -$11.79M
YoY Change -232.8% -104.08%
FREE CASH FLOW
Cash From Operating Activities $63.92M $120.0K
Capital Expenditures -$28.02M -$10.20M
Free Cash Flow $91.94M $10.32M
YoY Change 790.9% -2319.35%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 dei Entity Registrant Name
EntityRegistrantName
CHOICE HOTELS INTERNATIONAL INC /DE
CY2022Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001046311
CY2022Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q1 dei Document Fiscal Period Focus
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CY2022Q1 dei Amendment Flag
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false
CY2022Q1 dei Document Type
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CY2022Q1 dei Document Quarterly Report
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true
CY2022Q1 dei Document Period End Date
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2022-03-31
CY2022Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q1 dei Entity File Number
EntityFileNumber
001-13393
CY2022Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
52-1209792
CY2022Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
1 Choice Hotels Circle
CY2022Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
20850
CY2022Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 400
CY2022Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Rockville,
CY2022Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
MD
CY2022Q1 dei City Area Code
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301
CY2022Q1 dei Local Phone Number
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592-5000
CY2022Q1 dei Security12b Title
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Common Stock, Par Value $0.01 per share
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CHH
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6300000 USD
CY2022Q1 us-gaap Equity Method Investment Other Than Temporary Impairment
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CY2022Q1 us-gaap Long Term Debt
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1060912000 USD
CY2021Q4 us-gaap Long Term Debt
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1805000 USD
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324000 USD
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110000 USD
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56054000 shares
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55661000 shares
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1.20
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CY2022Q1 chh Number Of Brands
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87735000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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28710000 USD
CY2022Q1 chh Limited Payment Guaranties
LimitedPaymentGuaranties
5700000 USD
CY2022Q1 us-gaap Other Commitment
OtherCommitment
6200000 USD

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