Choice Hotels International (CHH) FY2021 results: revenue $1.1 billion, up 38.1% on the year
Choice Hotels International Inc. (CHH) reported revenue of $1.1 billion for fiscal 2021, the year ended 31 December 2021, up 38.1% on the year before. Net income was $289 million, up 283.3%, and diluted earnings per share $5.15. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$1.1 billion
+38.1% on the year
FY2014FY2021
Operating margin
40.1%
15.7% a year earlier
FY2014FY2021
Net income
$289 million
+283.3% on the year
FY2014FY2021
Diluted EPS
$5.15
+281.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
384
110
271
+248.6%
Capital expenditure
74.3
33.6
57.3
+121.1%
Free cash flow
309
76.5
213
+304.7%
Free cash flow margin
28.9%
9.9%
19.1%
Cash from investing
-78.9
-24.5
-251
Cash from financing
-27.7
115
-12.5
Depreciation and amortisation
24.8
25.8
18.8
-4.1%
Share-based compensation
23.4
7.2
16.6
+222.9%
Buybacks
13.4
55.5
50.6
-75.9%
Dividends paid
25.0
25.3
48.1
-0.9%
Dividend per share
n/a
n/a
$0.87
Diluted shares, weighted
56m
56m
56m
+0.6%
Shares outstanding at period end
56m
56m
56m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
266
-5.8
-23.5
Debt
1,060
1,059
844
+0.2%
Operating lease liabilities
35.5
12.7
21.3
+178.6%
Other liabilities
570
522
545
+9.3%
Total liabilities and equity
1,932
1,587
1,387
+21.7%
Fixed assets
377
335
352
+12.7%
Goodwill
159
159
159
0.0%
Intangible assets
312
304
290
+2.9%
Cash and equivalents
512
235
33.8
+117.9%
Receivables
153
150
142
+2.2%
Other assets
418
405
410
+3.3%
Total assets
1,932
1,587
1,387
+21.7%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.