← CHOICE HOTELS INTERNATIONAL INC /DE

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $332.2m $258.5m $299.7m $369.9m
Net Income (Loss) Attributable to Parent $139.4m $114.9m $216.4m $222.9m $75.4m $289.0m $332.2m $258.5m $299.7m $369.9m
Net Income (Loss) Available to Common Stockholders, Basic $138.4m $114.1m $215.1m $221.5m $75.0m $287.8m $330.3m $257.1m $298.1m $368.2m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $139.4m — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 — — — — — — — — —
Depreciation, Depletion and Amortization $11.7m $12.4m $14.3m $18.8m $25.8m $24.8m $30.4m $39.7m $43.3m $59.7m
Amortization of Intangible Assets $1.8m $2.7m $19.4m $19.4m $23.6m $25.2m $35.1m $42.5m $50.9m —
Depreciation Amortization Depletion — — — — — — $63.9m $75.7m $70.9m $79.3m
Deferred Income Tax — — — — — — ($19.6m) ($1.3m) ($19.0m) $19.8m
Deferred Tax — — — — — — ($19.6m) ($1.3m) ($19.0m) $19.8m
Payment, Tax Withholding, Share-based Payment Arrangement $5.8m $9.6m $7.4m $6.5m $12.2m $6.0m — — — —
Share-based Payment Arrangement, Expense $14.6m $24.9m $15.0m $16.6m $7.2m $23.4m $40.5m $40.5m $38.4m $38.3m
Equity Method Investment, Other than Temporary Impairment — — — — $7.3m $19.3m $200k $0 $0 $0
Goodwill, Impairment Loss $0 $0 $4.3m $3.1m $0 $0 — — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — $0 — — — — — — — —
Asset Impairment Charge — — — — — — $0 $3.7m $0 $0
Gain (Loss) on Extinguishment of Debt — — — ($7.2m) ($16.6m) $0 $0 $4.4m ($331k) $0
Gain (Loss) on Disposition of Assets $346k ($52k) $56k $2.1m — — — $0 $0 $713k
Income (Loss) from Equity Method Investments $492k ($4.5m) ($5.3m) ($9.6m) ($15.3m) ($15.9m) $1.7m $2.9m $12.3m ($14.3m)
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — — $6.9m $0 $0 — —
Gain (Loss) on Disposition of Business — — — ($4.7m) $0 $0 — — — —
Gain (Loss) on Disposition of Other Assets — — — — $0 ($530k) $16.3m — — —
Income Tax Expense (Benefit) $60.6m $109.1m $56.9m $47.1m ($22.4m) $87.5m $104.7m $78.4m $96.0m $86.9m
Interest Expense Nonoperating — — — — — — — — $87.1m $91.1m
Operating Lease, Lease Income — — — $1.2m $1.4m — — — — —
Earnings (Loss)es From Equity Investments — — — — — — $489k ($1.6m) ($2.3m) $19.8m
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions ($1.0m) ($6.6m) ($7.4m) ($12.6m) ($15.4m) ($24.0m) ($489k) $1.6m $2.3m ($19.8m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Payable ($13.7m) $12.5m — — — — — — — —
Increase (Decrease) in Other Operating Assets $8.7m ($1.5m) — — — — — — — —
Increase (Decrease) in Other Operating Liabilities $2.7m ($199k) — — — — — — — —
Accounts Receivable, Credit Loss Expense (Reversal) $2.2m $3.4m $10.5m $8.2m — — — — — —
Proceeds from Stock Options Exercised $13.0m $14.1m $41.4m $21.4m $10.2m $11.1m $3.8m $6.3m $17.5m $6.8m
Equity Securities, FV-NI, Gain (Loss) — — — — — — — — $108.1m —
Foreign Currency Transaction Gain (Loss), Realized ($800k) $3k ($300k) $100k $400k ($400k) ($1.0m) $500k $2.1m ($100k)
Gain (Loss) on Sale of Properties $403k ($32k) $82k $100k $0 — — — — —
Goodwill $78.9m $80.8m $169.0m $159.2m $159.2m $159.2m $218.7m $220.2m $220.2m $305.8m
Investment Income, Interest $3.5m $5.9m $7.5m $10.0m $7.7m $5.0m $7.3m $7.8m $8.6m $6.2m
Nonoperating Income (Expense) ($38.9m) ($40.4m) ($45.2m) ($48.7m) ($69.0m) ($52.4m) ($41.8m) ($38.1m) ($68.1m) $8.5m
Financing Receivable, Credit Loss, Expense (Reversal) — — — — $7.6m $709k ($938k) $763k ($609k) $1.1m
Realized Investment Gains (Losses) — — ($1.3m) $4.9m $4.2m $5.6m ($6.0m) $6.6m — —
Beginning Cash Position — — — — — — $511.6m $41.6m $26.8m $40.2m
Cash Flow From Continuing Financing Activities — — — — — — ($394.1m) ($45.9m) ($221.7m) ($50.1m)
Cash Flow From Continuing Investing Activities — — — — — — ($442.4m) ($265.6m) ($84.6m) ($218.3m)
Change In Working Capital — — — — — — ($5.1m) $6.1m $17.4m ($98.0m)
Changes In Cash — — — — — — ($469.5m) ($15.0m) $13.1m $2.1m
End Cash Position — — — — — — $41.6m $26.8m $40.2m $45.0m
Financing Cash Flow — — — — — — ($394.1m) ($45.9m) ($221.7m) ($50.1m)
Free Cash Flow — — — — — — $277.1m $180.3m $173.6m $124.7m
Gain Loss On Sale Of Business — — — — — $530k ($16.3m) $0 $0 —
Investing Cash Flow — — — — — — ($442.4m) ($265.6m) ($84.6m) ($218.3m)
Net Business Purchase And Sale — — — — — — ($553.6m) ($38.9m) ($52.8m) ($167.1m)
Net Intangibles Purchase And Sale — — — — — ($3.6m) $44.7m ($2.0m) $0 —
Net PPE Purchase And Sale — — — — — — ($90.0m) ($116.3m) ($145.9m) ($145.8m)
Operating Gains Losses — — — — — — ($15.8m) ($6.0m) ($2.0m) $19.1m
Other Non Cash Items — — — — — — ($31.5m) ($87.0m) ($90.7m) ($157.9m)
Proceeds From Stock Option Exercised — — — — — — $3.8m $6.3m $17.5m $6.8m
Purchase Of Business — — — — — — ($553.6m) ($38.9m) ($52.8m) ($167.1m)
Purchase Of Intangibles — — — — — ($3.6m) ($3.6m) ($2.0m) — —
Purchase Of PPE $25.2m $23.4m $47.7m $57.3m — — ($90.0m) ($116.3m) ($145.9m) ($145.8m)
Repurchase Of Capital Stock — — — — — — ($434.8m) ($362.8m) ($380.7m) ($138.3m)
Sale Of Business — — — — — $15.6m $0 $868k — —
Sale Of Intangibles — — — — — $0 $44.7m $0 $0 —
Stock Based Compensation — — — — — — $43.0m $46.8m $43.2m $38.3m
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax ($862k) ($862k) — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $152.0m $257.4m $242.9m $270.6m $110.1m $383.7m $367.1m $296.6m $319.4m $270.4m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $25.2m $23.4m $47.7m $57.3m — — ($90.0m) ($116.3m) ($145.9m) ($145.8m)
Payments to Acquire Businesses, Net of Cash Acquired $1.3m $0 $231.3m $0 $0 — $550.4m $0 $0 $73.4m
Net Investment Purchase And Sale — — — — — — $0 ($112.4m) $108.1m $0
Purchase Of Investment — — — — — — $0 ($112.4m) $0 $0
Sale Of Investment — — — — — — $0 $0 $108.1m $0
Payments for (Proceeds from) Other Investing Activities ($11k) ($109k) $1.0m $1.9m $623k $1.2m ($1.3m) $797k $4.1m $2.5m
Net Other Investing Changes — — — — — — $156.4m $1.1m ($9.9m) $50.0m
Net Cash Provided by (Used in) Investing Activities ($98.5m) ($90.1m) ($321.3m) ($251.2m) ($24.5m) ($78.9m) ($442.4m) ($265.6m) ($84.6m) ($218.3m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 $0 $9.0m $422.4m — — — — — —
Issuance Of Debt — — — — — — $360.0m $500.0m $705.1m $134.8m
Long Term Debt Issuance — — — — — — $360.0m $500.0m $705.1m $134.8m
Net Issuance Payments Of Debt — — — — — — $87.5m $368.5m $205.1m $134.8m
Net Long Term Debt Issuance — — — — — — $87.5m $368.5m $205.1m $134.8m
Net Short Term Debt Issuance — — — — — $0 $360.0m ($131.5m) — —
Repayments of Long-term Debt $988k $660k $603k $256.8m $473.9m $0 — — — —
Long Term Debt Payments — — — — — — ($272.5m) ($131.5m) ($500.0m) $0
Repayment Of Debt — — — — — — ($272.5m) ($131.5m) ($500.0m) $0
Net Common Stock Issuance — — — — — — ($434.8m) ($362.8m) ($380.7m) ($138.3m)
Payments for Repurchase of Common Stock $35.9m $9.8m $148.7m $50.6m $55.5m $13.4m $434.8m $362.8m $380.7m $138.3m
Common Stock Payments — — — — — — ($434.8m) ($362.8m) ($380.7m) ($138.3m)
Dividends paid $46.2m $48.7m $48.7m $48.1m $25.3m $25.0m $52.5m $56.5m $55.5m $53.5m
Payments of Dividends $46.2m $48.7m $48.7m $48.1m $25.3m $25.0m $52.5m $56.5m $55.5m $53.5m
Dividends Payable, Current $12.1m $12.2m $12.0m $12.5m $0 $13.2m $13.1m $14.9m $13.5m $13.2m
Dividends Payable $12.1m $12.2m $12.0m $12.5m $0 $13.4m $13.1m $14.9m $13.9m $13.5m
Cash Dividends Paid — — — — — — ($52.5m) ($56.5m) ($55.5m) ($53.5m)
Common Stock Dividend Paid — — — — — ($25.0m) ($52.5m) ($56.5m) — —
Dividends Received CFI — — — — — — $0 $868k $15.8m $44.6m
Net Other Financing Charges — — — — — ($365k) $1.9m ($1.6m) ($8.1m) —
Net Cash Provided by (Used in) Financing Activities ($44.1m) ($135.8m) ($129.4m) ($12.5m) $115.4m ($27.7m) ($394.1m) ($45.9m) ($221.7m) ($50.1m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $230k $33k ($224k) ($520k) $197k $301k $2.7m
Effect Of Exchange Rate Changes — — — — — — ($520k) $197k $301k $2.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $33.8m $234.8m $511.6m $41.6m $26.8m $40.2m $45.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($469.5m) ($15.0m) $13.1m $2.1m
Interest Paid, Excluding Capitalized Interest, Operating Activities $42.0m $42.4m — $48.2m $45.1m $43.9m $46.9m $60.8m $67.2m $90.3m
Income Taxes Paid, Net $65.7m $39.2m $77.4m $41.9m $8.6m $106.5m $116.0m $94.3m $108.2m $84.7m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.