CHOICE HOTELS INTERNATIONAL INC DE
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
CHH$120.23+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 · 2023 · 2022 | |||
| REVENUES | |||
| Royalty, licensing and management fees | $514,569 | $513,412 | $471,759 |
| Initial franchise fees | 25,606 | 27,787 | 28,074 |
| Platform and procurement services fees | 75,752 | 75,114 | 63,800 |
| Owned hotels | 113,459 | 97,641 | 70,826 |
| Other | 61,803 | 46,051 | 64,740 |
| Other revenues from franchised and managed properties | 793,650 | 784,160 | 702,750 |
| Total revenues | 1,584,839 | 1,544,165 | 1,401,949 |
| OPERATING EXPENSES | |||
| Selling, general and administrative | 219,878 | 216,081 | 167,697 |
| Business combination, diligence and transition costs | 17,233 | 55,778 | 39,578 |
| Depreciation and amortization | 43,282 | 39,659 | 30,425 |
| Owned hotels | 83,148 | 71,474 | 48,837 |
| Other expenses from franchised and managed properties | 757,525 | 782,409 | 653,060 |
| Total operating expenses | 1,121,066 | 1,165,401 | 939,597 |
| Impairment of long-lived assets | — | (3,736) | — |
| Gain on sale of business and assets, net | — | — | 16,249 |
| Operating income | 463,773 | 375,028 | 478,601 |
| OTHER EXPENSES AND INCOME, NET | |||
| Interest expense | 87,131 | 63,780 | 43,797 |
| Interest income | (8,646) | (7,764) | (7,288) |
| Loss (gain) on extinguishment of debt | 331 | (4,416) | — |
| Other loss (gain) | 1,641 | (10,649) | 7,018 |
| Equity in net gain of affiliates | (12,329) | (2,879) | (1,732) |
| Total other expenses and income, net | 68,128 | 38,072 | 41,795 |
| Income before income taxes | 395,645 | 336,956 | 436,806 |
| Income tax expense | 95,980 | 78,449 | 104,654 |
| Net income | $299,665 | $258,507 | $332,152 |
| Basic earnings per share | $6.26 | $5.11 | $6.05 |
| Diluted earnings per share | $6.20 | $5.07 | $5.99 |
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