Choice Hotels International (CHH) FY2015 results: revenue $860 million, up 13.4% on the year
Choice Hotels International Inc. (CHH) reported revenue of $860 million for fiscal 2015, the year ended 31 December 2015, up 13.4% on the year before. Net income was $128 million, up 4.0%, and diluted earnings per share $2.22. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$860 million
+13.4% on the year
FY2008FY2015
Operating margin
26.2%
28.3% a year earlier
FY2008FY2015
Net income
$128 million
+4.0% on the year
FY2008FY2015
Diluted EPS
$2.22
+5.7% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
860
758
724
+13.4%
Selling, general and administrative
134
121
112
+10.6%
Operating income
225
215
196
+5.0%
Operating margin
26.2%
28.3%
27.1%
Interest expense
42.8
41.5
42.5
+3.2%
Pre-tax income
184
174
159
+5.9%
Income tax
56.0
52.3
45.3
+7.0%
Effective tax rate
30.4%
30.1%
28.6%
Net income
128
123
114
+4.0%
Net margin
14.9%
16.2%
15.7%
Diluted EPS
$2.22
$2.10
$1.93
+5.7%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
165
188
154
-12.0%
Capital expenditure
27.8
20.9
33.4
+32.6%
Free cash flow
137
167
121
-17.6%
Free cash flow margin
16.0%
22.0%
16.6%
Cash from investing
-99.8
-17.6
-29.4
Cash from financing
-84.7
-121
-88.3
Depreciation and amortisation
11.5
9.4
9.1
+23.2%
Share-based compensation
12.1
9.4
11.5
+28.7%
Buybacks
72.9
78.0
4.0
-6.5%
Dividends paid
45.2
43.5
32.8
+3.9%
Diluted shares, weighted
57m
58m
58m
-1.7%
Shares outstanding at period end
56m
57m
59m
-1.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-396
-429
-453
Debt
813
773
783
+5.2%
Other liabilities
300
294
209
+2.0%
Total liabilities and equity
717
638
540
+12.4%
Fixed assets
88.2
77.3
67.9
+14.0%
Goodwill
79.3
65.8
65.8
+20.5%
Intangible assets
11.9
8.9
10.0
+34.1%
Cash and equivalents
193
215
168
-10.0%
Receivables
89.4
91.7
82.4
-2.5%
Other assets
255
179
146
+42.1%
Total assets
717
638
540
+12.4%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.