2024 Q4 Form 10-Q Financial Statement

#000104631124000036 Filed on November 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $428.0M
YoY Change 0.57%
Cost Of Revenue $192.9M
YoY Change -6.96%
Gross Profit $235.0M
YoY Change 7.71%
Gross Profit Margin 54.92%
Selling, General & Admin $49.08M
YoY Change -10.63%
% of Gross Profit 20.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.86M
YoY Change 12.75%
% of Gross Profit 4.62%
Operating Expenses $49.08M
YoY Change -10.63%
Operating Profit $151.8M
YoY Change 12.4%
Interest Expense -$18.32M
YoY Change -213.29%
% of Operating Profit -12.07%
Other Income/Expense, Net -$14.64M
YoY Change 5.95%
Pretax Income $137.1M
YoY Change 13.13%
Income Tax $31.43M
% Of Pretax Income 22.92%
Net Earnings $105.7M
YoY Change 14.88%
Net Earnings / Revenue 24.7%
Basic Earnings Per Share $2.24
Diluted Earnings Per Share $2.22
COMMON SHARES
Basic Shares Outstanding 46.91M shares 47.21M shares
Diluted Shares Outstanding 47.36M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.57M
YoY Change 60.75%
Cash & Equivalents $58.57M
Short-Term Investments
Other Short-Term Assets $69.11M
YoY Change 102.5%
Inventory
Prepaid Expenses
Receivables $210.9M
Other Receivables $0.00
Total Short-Term Assets $338.6M
YoY Change -4.03%
LONG-TERM ASSETS
Property, Plant & Equipment $580.0M
YoY Change 23.47%
Goodwill $220.2M
YoY Change 0.0%
Intangibles $863.8M
YoY Change 10.59%
Long-Term Investments $157.5M
YoY Change 73.3%
Other Assets $91.55M
YoY Change 8.02%
Total Long-Term Assets $2.205B
YoY Change 17.35%
TOTAL ASSETS
Total Short-Term Assets $338.6M
Total Long-Term Assets $2.205B
Total Assets $2.544B
YoY Change 13.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $152.8M
YoY Change 23.1%
Accrued Expenses $122.2M
YoY Change 26.57%
Deferred Revenue $103.2M
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $478.8M
YoY Change 14.27%
LONG-TERM LIABILITIES
Long-Term Debt $1.811B
YoY Change 30.15%
Other Long-Term Liabilities $8.261M
YoY Change -22.66%
Total Long-Term Liabilities $1.819B
YoY Change 29.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $478.8M
Total Long-Term Liabilities $1.819B
Total Liabilities $2.640B
YoY Change 22.24%
SHAREHOLDERS EQUITY
Retained Earnings $1.939B
YoY Change 11.33%
Common Stock $356.2M
YoY Change 10.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$96.15M
YoY Change
Total Liabilities & Shareholders Equity $2.544B
YoY Change 13.97%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $105.7M
YoY Change 14.88%
Depreciation, Depletion And Amortization $10.86M
YoY Change 12.75%
Cash From Operating Activities $122.9M
YoY Change 1.23%
INVESTING ACTIVITIES
Capital Expenditures $39.62M
YoY Change 9.36%
Acquisitions
YoY Change
Other Investing Activities $38.29M
YoY Change -585.38%
Cash From Investing Activities -$1.331M
YoY Change -96.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -123.6M
YoY Change 60.77%
NET CHANGE
Cash From Operating Activities 122.9M
Cash From Investing Activities -1.331M
Cash From Financing Activities -123.6M
Net Change In Cash -1.990M
YoY Change -537.36%
FREE CASH FLOW
Cash From Operating Activities $122.9M
Capital Expenditures $39.62M
Free Cash Flow $83.33M
YoY Change -2.23%

Facts In Submission

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<div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts in our consolidated financial statements have been reclassified in order to maintain comparability with the current year presentation. Business combination, diligence and transition costs, which were previously presented in selling, general and administrative expenses, are now presented within a standalone financial statement line item in the consolidated statements of income. The reclassification had no effect on the Company’s previously reported operating income or net income. Investments in owned hotel properties and investments in other property and equipment, which were previously presented in investments in property and equipment, are now presented within standalone financial statement line items in the consolidated statements of cash flows. The reclassification had no effect on the Company's previously reported net cash used in investing activities or the net change in cash and cash equivalents.</span></div>
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us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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EarningsPerShareBasic
2.24
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.83
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.51
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
105716000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
92024000 usd
us-gaap Net Income Loss
NetIncomeLoss
223861000 usd
us-gaap Net Income Loss
NetIncomeLoss
229554000 usd
CY2024Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
540000 usd
CY2023Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
479000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1135000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1235000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
105176000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
91545000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
222726000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
228319000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46904000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50041000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47979000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50641000 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
454000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
430000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
363000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
413000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47358000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50471000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48342000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51054000 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.22
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.61
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.47
CY2024Q3 chh Number Of Brands
NumberOfBrands
22 brand
CY2024Q3 chh Number Of Hotels Managed
NumberOfHotelsManaged
13 hotel
CY2024Q3 chh Number Of Brands
NumberOfBrands
22 brand
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
427964000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
425557000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
151783000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
135042000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
137148000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
121229000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1195069000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1185769000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
344554000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
337282000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
293937000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
301271000 usd
CY2024Q3 chh Limited Payment Guaranties
LimitedPaymentGuaranties
17600000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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chh-20240930_cal.xml Edgar Link unprocessable
chh-20240930_pre.xml Edgar Link unprocessable
0001046311-24-000036-index-headers.html Edgar Link pending
0001046311-24-000036-index.html Edgar Link pending
0001046311-24-000036.txt Edgar Link pending
0001046311-24-000036-xbrl.zip Edgar Link pending
chh-20240930.htm Edgar Link pending
chh-20240930.xsd Edgar Link pending
chh-ex311x2024x09x30pacious.htm Edgar Link pending
chh-ex312x2024x09x30oaksmi.htm Edgar Link pending
chh-ex32x2024x09x30oaksmit.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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chh-20240930_def.xml Edgar Link unprocessable
chh-20240930_lab.xml Edgar Link unprocessable
chh-20240930_htm.xml Edgar Link completed
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report.css Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable