Critically appraise performance of the above global company based on financial and non-financial information declared in the published financial reports. As and where possible support your arguments with recommendations.

 
 

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REVENUES Royalty fees Initial franchise and relicensing fees Procurement services Marketing and reservation system Owned hotels Other Total revenues OPERATING EXPENSES Selling, general and administrative Depreciation and amortization Marketing and reservation system Owned hotels Total operating expenses Impairment of goodwill Impairment of long-lived assets Loss on sale of business Gain on sale of assets, net Operating income OTHER INCOME AND EXPENSES, NET Interest expense Interest income Loss on extinguishment of debt Other (gain) loss Equity in net loss of affiliates CHOICE HOTELS INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Total other income and expenses, net Income before income taxes Income tax (benefit) expense Net income Basic earnings per share Diluted earnings per share CONSOLIDATED FINANCIAL STATEMENTS $ $ $ $ 2020 263,308 $ 25,906 45,242 402,568 20,168 16,880 774,072 148,524 25,831 446,847 16,066 637,268 (14,751) 122,053 49,028 (7,688) 16,565 (4,147) 15,289 69,047 53,006 (22,381) 75,387 Years Ended December 31, 1.36 1.35 $ $ 2019 388,151 27,489 61,429 577,426 20,282 40,043 1,114,820 168,833 18,828 579,139 14,448 781,248 (3,097) (7,259) (4,674) 100 318,642 46,807 (9,996) 7,188 (4,862) 9,576 48,713 269,929 47,051 222,878 $ $ 4.00 $ 3.98 2018 376,676 26,072 52,088 543,677 42,791 1,041,304 170,027 14,330 534,266 718,623 (4,289) 82 318,474 45,908 (7,452) 1,437 5,323 45,216 273,258 56,903 216,355 3.83 3.80 REVENUES Royalty fees Initial franchise and relicensing fees Procurement services Marketing and reservation system Owned hotels Other Total revenues OPERATING EXPENSES Selling, general and administrative Depreciation and amortization Marketing and reservation system Owned hotels Total operating expenses Impairment of goodwill Impairment of long-lived assets Loss on sale of business Gain on sale of assets, net Operating income OTHER INCOME AND EXPENSES, NET Interest expense Interest income Loss on extinguishment of debt Other (gain) loss Equity in net loss of affiliates CHOICE HOTELS INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Total other income and expenses, net Income before income taxes Income tax (benefit) expense Net income Basic earnings per share Diluted earnings per share CONSOLIDATED FINANCIAL STATEMENTS $ $ $ $ 2020 263,308 $ 25,906 45,242 402,568 20,168 16,880 774,072 148,524 25,831 446,847 16,066 637,268 (14,751) 122,053 49,028 (7,688) 16,565 (4,147) 15,289 69,047 53,006 (22,381) 75,387 Years Ended December 31, 1.36 1.35 $ $ 2019 388,151 27,489 61,429 577,426 20,282 40,043 1,114,820 168,833 18,828 579,139 14,448 781,248 (3,097) (7,259) (4,674) 100 318,642 46,807 (9,996) 7,188 (4,862) 9,576 48,713 269,929 47,051 222,878 $ $ 4.00 $ 3.98 2018 376,676 26,072 52,088 543,677 42,791 1,041,304 170,027 14,330 534,266 718,623 (4,289) 82 318,474 45,908 (7,452) 1,437 5,323 45,216 273,258 56,903 216,355 3.83 3.80

Answer rating: 100% (QA)

To critically appraise the performance of Choice Hotels International Inc based on the financial and nonfinancial information provided in the published financial reports for the years ended December 3... View the full answer