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$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, 2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $40,177 | $26,754 |
| Accounts receivables (net of allowance for credit losses of $45,610 and $39,265, respectively) | 176,672 | 195,896 |
| Income taxes receivable | 5,419 | 14,283 |
| Notes receivable (net of allowance for credit losses of $5,805 and $3,035, respectively) | 75,501 | 20,766 |
| Prepaid expenses and other current assets | 41,317 | 38,831 |
| Total current assets | 339,086 | 296,530 |
| Property and equipment, net | 604,345 | 493,478 |
| Operating lease right-of-use assets | 83,451 | 85,101 |
| Goodwill | 220,187 | 220,187 |
| Intangible assets, net | 884,013 | 811,075 |
| Notes receivable (net of allowance for credit losses of $1,526 and $5,581, respectively) | 32,682 | 78,900 |
| Investments in equity securities, at fair value | — | 116,374 |
| Investments for employee benefit plans, at fair value | 47,603 | 39,751 |
| Investments in affiliates | 117,016 | 70,579 |
| Deferred income taxes | 108,308 | 89,535 |
| Other assets | 93,836 | 93,289 |
| Total assets | $2,530,527 | $2,394,799 |
| LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY | ||
| Current liabilities | ||
| Accounts payable | $134,865 | $131,284 |
| Accrued expenses and other current liabilities | 136,729 | 109,248 |
| Deferred revenue | 102,114 | 108,316 |
| Liability for guest loyalty program | 89,013 | 94,574 |
| Current portion of long-term debt | — | 499,268 |
| Total current liabilities | 462,721 | 942,690 |
| Long-term debt | 1,768,526 | 1,068,751 |
| Long-term deferred revenue | 132,259 | 133,501 |
| Deferred compensation and retirement plan obligations | 53,316 | 45,657 |
| Income taxes payable | — | 8,601 |
| Operating lease liabilities | 113,255 | 109,483 |
| Liability for guest loyalty program | 40,607 | 43,266 |
| Other liabilities | 5,114 | 7,252 |
| Total liabilities | 2,575,798 | 2,359,201 |
| Commitments and contingencies (Note 23) | ||
| Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at December 31, 2024 and December 31, 2023; 46,856,567 and 49,526,245 shares outstanding at December 31, 2024 and December 31, 2023, respectively | 951 | 951 |
| Additional paid-in-capital | 370,201 | 330,750 |
| Accumulated other comprehensive loss | (6,193) | (5,671) |
| Treasury stock, at cost; 48,209,071 and 45,539,393 shares at December 31, 2024 and December 31, 2023, respectively | (2,411,527) | (2,046,791) |
| Retained earnings | 2,001,297 | 1,756,359 |
| Total shareholders’ (deficit) equity | (45,271) | 35,598 |
| Total liabilities and shareholders’ (deficit) equity | $2,530,527 | $2,394,799 |
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