Choice Hotels International (CHH) FY2012 results: revenue $692 million, up 7.9% on the year
Choice Hotels International Inc. (CHH) reported revenue of $692 million for fiscal 2012, the year ended 31 December 2012, up 7.9% on the year before. Net income was $122 million, up 9.5%, and diluted earnings per share $2.09. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$692 million
+7.9% on the year
FY2008FY2012
Operating margin
27.9%
26.9% a year earlier
FY2008FY2012
Net income
$122 million
+9.5% on the year
FY2008FY2012
Diluted EPS
$2.09
+13.0% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
692
641
596
+7.9%
Selling, general and administrative
102
106
94.5
-4.3%
Operating income
193
173
161
+12.0%
Operating margin
27.9%
26.9%
27.0%
Interest expense
27.2
12.9
6.7
+110.1%
Pre-tax income
169
159
158
+6.6%
Income tax
48.2
47.9
50.8
+0.7%
Effective tax rate
28.5%
30.2%
32.1%
Net income
122
111
107
+9.5%
Net margin
17.6%
17.3%
18.0%
Diluted EPS
$2.09
$1.85
$1.80
+13.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
150
131
145
+14.3%
Capital expenditure
15.4
10.9
24.4
+41.4%
Free cash flow
135
120
121
+11.8%
Free cash flow margin
19.5%
18.8%
20.2%
Cash from investing
-47.1
-20.3
-32.2
Cash from financing
-76.7
-95.1
-91.2
Depreciation and amortisation
7.7
8.0
8.3
-4.2%
Share-based compensation
11.3
11.2
8.9
+0.9%
Buybacks
22.6
53.6
11.2
-57.9%
Dividends paid
654
43.7
43.8
+1,396.8%
Dividend per share
$0.74
$0.74
$0.74
0.0%
Diluted shares, weighted
58m
59m
59m
-2.2%
Shares outstanding at period end
58m
58m
60m
-0.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
-539
-16.2
-49.4
Debt
847
253
252
+235.2%
Other liabilities
223
232
209
-3.7%
Total liabilities and equity
532
468
412
+13.6%
Fixed assets
51.7
52.0
55.7
-0.7%
Goodwill
65.8
66.0
66.0
-0.3%
Intangible assets
13.5
17.3
20.8
-21.9%
Cash and equivalents
134
107
91.3
+25.3%
Receivables
80.0
53.0
47.6
+50.9%
Other assets
187
173
130
+7.9%
Total assets
532
468
412
+13.6%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.