CHOICE HOTELS INTERNATIONAL INC DE
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
CHH$119.50+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(IN THOUSANDS, EXCEPT SHARE AMOUNTS)
| December 31, 2023 | December 31,2022 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $26,754 | $41,566 |
| Accounts receivables (net of allowance for credit losses of $39,265 and $23,435, respectively) | 195,896 | 216,614 |
| Income taxes receivable | 14,283 | 4,759 |
| Notes receivable (net of allowance for credit losses of $3,035 and $4,125, respectively) | 20,766 | 52,466 |
| Prepaid expenses and other current assets | 38,831 | 32,517 |
| Total current assets | 296,530 | 347,922 |
| Property and equipment, net | 493,478 | 427,306 |
| Operating lease right-of-use assets | 85,101 | 68,985 |
| Goodwill | 220,187 | 218,653 |
| Intangible assets, net | 811,075 | 742,190 |
| Notes receivable (net of allowance for credit losses of $5,581 and $6,047, respectively) | 78,900 | 55,577 |
| Investments in equity securities, at fair value | 116,374 | — |
| Investments for employee benefit plans, at fair value | 39,751 | 31,645 |
| Investments in affiliates | 70,579 | 30,647 |
| Deferred income taxes | 89,535 | 88,182 |
| Other assets | 93,289 | 91,068 |
| Total assets | $2,394,799 | $2,102,175 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $131,284 | $118,863 |
| Accrued expenses and other current liabilities | 109,248 | 131,410 |
| Deferred revenue | 108,316 | 92,695 |
| Liability for guest loyalty programs | 94,574 | 89,954 |
| Current portion of long-term debt | 499,268 | 2,976 |
| Total current liabilities | 942,690 | 435,898 |
| Long-term debt | 1,068,751 | 1,200,547 |
| Long-term deferred revenue | 133,501 | 134,149 |
| Deferred compensation and retirement plan obligations | 45,657 | 36,673 |
| Income taxes payable | 8,601 | 15,482 |
| Operating lease liabilities | 109,483 | 70,994 |
| Liability for guest loyalty programs | 43,266 | 47,381 |
| Other liabilities | 7,252 | 6,391 |
| Total liabilities | 2,359,201 | 1,947,515 |
| Commitments and Contingencies (Note 23) | ||
| Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at December 31, 2023 and December 31, 2022; 49,526,245 and 52,200,903 shares outstanding at December 31, 2023 and December 31, 2022, respectively | 951 | 951 |
| Additional paid-in-capital | 330,750 | 298,053 |
| Accumulated other comprehensive loss | (5,671) | (5,211) |
| Treasury stock, at cost; 45,539,393 and 42,864,735 shares at December 31, 2023 and December 31, 2022, respectively | (2,046,791) | (1,694,857) |
| Retained earnings | 1,756,359 | 1,555,724 |
| Total shareholders’ equity | 35,598 | 154,660 |
| Total liabilities and shareholders’ equity | $2,394,799 | $2,102,175 |
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