Choice Hotels International (CHH) FY2017 results: revenue $941 million, up 16.5% on the year
Choice Hotels International Inc. (CHH) reported revenue of $941 million for fiscal 2017, the year ended 31 December 2017, up 16.5% on the year before. Net income was $122 million, up 14.6%, and diluted earnings per share $2.02. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$941 million
+16.5% on the year
FY2010FY2017
Operating margin
30.8%
23.2% a year earlier
FY2010FY2017
Net income
$122 million
+14.6% on the year
FY2010FY2017
Diluted EPS
$2.02
-17.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
941
808
860
+16.5%
Selling, general and administrative
166
155
134
+7.2%
Operating income
290
187
225
+54.8%
Operating margin
30.8%
23.2%
26.2%
Interest expense
45.0
44.4
42.8
+1.3%
Pre-tax income
249
148
184
+68.2%
Income tax
127
41.4
56.0
+206.3%
Effective tax rate
50.9%
28.0%
30.4%
Net income
122
107
128
+14.6%
Net margin
13.0%
13.2%
14.9%
Diluted EPS
$2.02
$2.46
$2.22
-17.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
257
152
165
+69.3%
Capital expenditure
23.4
25.2
27.8
-7.0%
Free cash flow
234
127
137
+84.4%
Free cash flow margin
24.9%
15.7%
16.0%
Cash from investing
-90.1
-98.5
-99.8
Cash from financing
-136
-44.1
-84.7
Depreciation and amortisation
6.7
7.0
11.5
-4.5%
Share-based compensation
24.9
14.6
12.1
+70.5%
Buybacks
9.8
35.9
72.9
-72.7%
Dividends paid
48.7
46.2
45.2
+5.3%
Diluted shares, weighted
57m
56m
57m
+0.7%
Shares outstanding at period end
57m
56m
56m
+0.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
-259
-365
-396
Debt
725
839
813
-13.6%
Other liabilities
528
434
300
+21.7%
Total liabilities and equity
995
908
717
+9.5%
Fixed assets
83.4
84.1
88.2
-0.8%
Goodwill
80.8
78.9
79.3
+2.3%
Intangible assets
100
15.7
11.9
+538.5%
Cash and equivalents
235
202
193
+16.2%
Receivables
126
107
89.4
+17.3%
Other assets
369
420
255
-12.0%
Total assets
995
908
717
+9.5%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.