Choice Hotels International (CHH) FY2013 results: revenue $724 million, up 4.7% on the year
Choice Hotels International Inc. (CHH) reported revenue of $724 million for fiscal 2013, the year ended 31 December 2013, up 4.7% on the year before. Net income was $114 million, down 6.5%, and diluted earnings per share $1.93. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$724 million
+4.7% on the year
FY2008FY2013
Operating margin
27.1%
27.9% a year earlier
FY2008FY2013
Net income
$114 million
-6.5% on the year
FY2008FY2013
Diluted EPS
$1.93
-7.7% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
724
692
641
+4.7%
Selling, general and administrative
112
102
106
+9.7%
Operating income
196
193
173
+1.6%
Operating margin
27.1%
27.9%
26.9%
Interest expense
42.5
27.2
12.9
+56.4%
Pre-tax income
159
169
159
-6.2%
Income tax
45.3
48.2
47.9
-6.0%
Effective tax rate
28.6%
28.5%
30.2%
Net income
114
122
111
-6.5%
Net margin
15.7%
17.6%
17.3%
Diluted EPS
$1.93
$2.09
$1.85
-7.7%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
154
150
131
+2.5%
Capital expenditure
33.4
15.4
10.9
+116.3%
Free cash flow
121
135
120
-10.5%
Free cash flow margin
16.6%
19.5%
18.8%
Cash from investing
-29.4
-47.1
-20.3
Cash from financing
-88.3
-76.7
-95.1
Depreciation and amortisation
9.1
7.7
8.0
+17.7%
Share-based compensation
11.5
11.3
11.2
+1.8%
Buybacks
4.0
22.6
53.6
-82.4%
Dividends paid
32.8
654
43.7
-95.0%
Dividend per share
n/a
$0.74
$0.74
Diluted shares, weighted
58m
58m
59m
+1.2%
Shares outstanding at period end
59m
58m
58m
+0.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
-453
-539
-16.2
Debt
783
847
253
-7.5%
Other liabilities
209
223
232
-6.3%
Total liabilities and equity
540
532
468
+1.5%
Fixed assets
67.9
51.7
52.0
+31.4%
Goodwill
65.8
65.8
66.0
0.0%
Intangible assets
10.0
13.5
17.3
-26.1%
Cash and equivalents
168
134
107
+25.1%
Receivables
82.4
80.0
53.0
+3.0%
Other assets
146
187
173
-21.8%
Total assets
540
532
468
+1.5%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.