Choice Hotels International (CHH) FY2016 results: revenue $808 million, down 6.0% on the year
Choice Hotels International Inc. (CHH) reported revenue of $808 million for fiscal 2016, the year ended 31 December 2016, down 6.0% on the year before. Net income was $107 million, down 16.7%, and diluted earnings per share $2.46. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2017.
Revenue
$808 million
-6.0% on the year
FY2009FY2016
Operating margin
23.2%
26.2% a year earlier
FY2009FY2016
Net income
$107 million
-16.7% on the year
FY2009FY2016
Diluted EPS
$2.46
+10.8% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
808
860
758
-6.0%
Selling, general and administrative
155
134
121
+15.2%
Operating income
187
225
215
-17.0%
Operating margin
23.2%
26.2%
28.3%
Interest expense
44.4
42.8
41.5
+3.8%
Pre-tax income
148
184
174
-19.5%
Income tax
41.4
56.0
52.3
-26.0%
Effective tax rate
28.0%
30.4%
30.1%
Net income
107
128
123
-16.7%
Net margin
13.2%
14.9%
16.2%
Diluted EPS
$2.46
$2.22
$2.10
+10.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
152
165
188
-7.9%
Capital expenditure
25.2
27.8
20.9
-9.3%
Free cash flow
127
137
167
-7.6%
Free cash flow margin
15.7%
16.0%
22.0%
Cash from investing
-98.5
-99.8
-17.6
Cash from financing
-44.1
-84.7
-121
Depreciation and amortisation
7.0
11.5
9.4
-39.4%
Share-based compensation
14.6
12.1
9.4
+20.7%
Buybacks
35.9
72.9
78.0
-50.7%
Dividends paid
46.2
45.2
43.5
+2.1%
Diluted shares, weighted
56m
57m
58m
-2.0%
Shares outstanding at period end
56m
56m
57m
-0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-365
-396
-429
Debt
839
813
773
+3.3%
Other liabilities
434
300
294
+44.8%
Total liabilities and equity
908
717
638
+26.7%
Fixed assets
84.1
88.2
77.3
-4.6%
Goodwill
78.9
79.3
65.8
-0.5%
Intangible assets
15.7
11.9
8.9
+31.7%
Cash and equivalents
202
193
215
+4.7%
Receivables
107
89.4
91.7
+20.1%
Other assets
420
255
179
+64.8%
Total assets
908
717
638
+26.7%
10-K for the year ended 31 December 2016, filed 27 February 2017: the filing.