CHOICE HOTELS INTERNATIONAL INC /DE (CHH)
Choice Hotels International, Inc., also known as Choice Hotels, operates as a prominent global hotel franchisor, conducting its extensive business through its various subsidiary entities. The company's activities are primarily divided into two main segments: Hotel Franchising and Corporate & Other. It authorizes the use of its brand names for a diverse portfolio of lodging establishments, including well-known brands such as Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, and the Ascend Hotel Collection. Beyond its core franchising operations, Choice Hotels also develops and offers cloud-based property management software solutions specifically designed for independent hoteliers not affiliated with its franchise system. As of March 31, 2022, its widespread network consisted of approximately 7,000 hotels, encompassing roughly 600,000 rooms, distributed across 35 countries and territories worldwide. Established in 1939, Choice Hotels International, Inc. maintains its corporate headquarters in Rockville, Maryland.
Sector: Hotels & Motels
Industry: Travel Lodging
Choice Hotels International, Inc.
NYSE:CHHConsumer Cyclical · Travel Lodging
-3.13%$108.48
AH Close$108.48+0.00%vs close
AH Close$108.48+0.00%vs close
Mkt Cap$4.88B
Float20.51M
O/S45.01M
Inst Own76.3%
SI32.4%
Div Yield1.06%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.6B
Net Income$369.95M
Total Assets$2.92B
Free Cash Flow$124.65M
Debt & Equity
Debt 92%
Equity 8%
Total Debt$2.13B
Total Equity$181.23M
Shares Outstanding
Short Interest
Split History1 split
- 2:1Forward splitOct 24, 20051 share → 2
Balance Sheet Details
Assets$2.92B
Liabilities$2.74B
Accounts Receivable$207.49M
Accounts Payable$156.28M
Inventory$0
PP&E (Net)$726.96M
Goodwill$305.76M
Intangible Assets$1.08B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Revenue | $1.6B | $1.58B | $1.54B | $1.4B | $1.07B | $774.07M | $1.11B | $1.04B | $1.01B | $924.64M | $859.88M | $757.97M | $724.31M | $691.51M | $638.79M | $596.08M | $564.18M | $641.68M | $615.49M | $544.66M | $477.4M | $428.81M | $386.1M | $365.56M | $341.43M | $167.47M | $161.6M | $165.4M | $101.2M | $430M |
| YoY Growth | 0.8% | 2.6% | 10.1% | 31.1% | 38.1% | -30.6% | 7.1% | 3.4% | 8.9% | 7.5% | 13.4% | 4.6% | 4.7% | 8.3% | 7.2% | 5.7% | -12.1% | 4.3% | 13.0% | 14.1% | 11.3% | 11.1% | 5.6% | 7.1% | 103.9% | 3.6% | -2.3% | 63.4% | -76.5% | - |
| Cost of Revenue | $942.94M | $840.67M | $853.88M | $701.9M | $469.7M | $462.91M | $593.59M | $534.27M | $567.08M | $525.72M | $488.76M | $412.62M | $406.78M | $388.29M | $352.5M | $332.43M | $308.53M | $339.91M | $320.07M | $281.22M | $246.35M | $224.21M | $198.04M | $193.09M | $170.67M | $0 | -$5.7M | $15.4M | $92.3M | $247.1M |
| Gross Profit | $653.86M | $744.17M | $690.28M | $700.05M | $599.6M | $311.16M | $521.23M | $507.04M | $440.27M | $398.93M | $371.12M | $345.35M | $317.53M | $303.22M | $286.29M | $263.64M | $255.65M | $301.77M | $295.43M | $263.44M | $231.05M | $204.6M | $188.07M | $172.47M | $170.76M | $167.47M | $167.3M | $150M | $8.9M | $182.9M |
| Gross Margin | 40.9% | 47.0% | 44.7% | 49.9% | 56.1% | 40.2% | 46.8% | 48.7% | 43.7% | 43.1% | 43.2% | 45.6% | 43.8% | 43.8% | 44.8% | 44.2% | 45.3% | 47.0% | 48.0% | 48.4% | 48.4% | 47.7% | 48.7% | 47.2% | 50.0% | 100.0% | 103.5% | 90.7% | 8.8% | 42.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $9.7M | $11.2M | $11.7M | $11.8M | $9.6M | $6.3M | $3.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $219.88M | $216.08M | $167.7M | $145.62M | $148.91M | $168.83M | $170.03M | $163.38M | $148.73M | $134.25M | $121.42M | $113.57M | $101.85M | $106.4M | $94.54M | $99.24M | $118.99M | $101.59M | $87.11M | $78.25M | $69.65M | $62.86M | $54.9M | $56.08M | $57.79M | $55.9M | $50.7M | $29.5M | $55.1M |
| Other | $200.76M | $60.52M | $99.17M | $53.75M | $25.04M | $40.58M | $18.83M | -$1.44M | $0 | $1.5M | $820K | -$427K | $1.78M | $1.99M | $8.02M | $8.34M | $8.34M | $8.18M | $8.64M | $9.71M | $9.05M | $9.95M | $11.22M | $11.25M | $12.45M | $11.62M | $17.6M | $12.5M | $6.2M | $0 |
| Total Operating Expenses | $200.76M | $280.39M | $315.25M | $221.45M | $170.66M | $189.49M | $187.66M | $184.36M | $175.81M | $160.43M | $145.8M | $130.78M | $123.04M | $110.08M | $114.43M | $102.88M | $107.57M | $467.08M | $110.23M | $96.82M | $87.3M | $79.6M | $74.08M | $66.16M | $68.53M | $69.41M | $73.5M | $63.2M | $35.7M | $84.9M |
| Operating Income (EBIT) | $453.1M | $463.77M | $375.03M | $478.6M | $428.93M | $121.67M | $318.64M | $318.47M | $264.43M | $238.9M | $225.32M | $214.57M | $194.49M | $193.14M | $171.86M | $160.76M | $148.07M | $174.6M | $185.2M | $166.63M | $143.75M | $125M | $113.98M | $104.7M | $73.58M | $98.06M | $93.8M | $86.8M | -$26.8M | $98M |
| Operating Margin | 28.4% | 29.3% | 24.3% | 34.1% | 40.1% | 15.7% | 28.6% | 30.6% | 26.3% | 25.8% | 26.2% | 28.3% | 26.9% | 27.9% | 26.9% | 27.0% | 26.2% | 27.2% | 30.1% | 30.6% | 30.1% | 29.2% | 29.5% | 28.6% | 21.5% | 58.6% | 58.0% | 52.5% | -26.5% | 22.8% |
| Interest Expense | $91.15M | $87.13M | $63.78M | $43.8M | $46.68M | $49.03M | $46.81M | $45.91M | $45.04M | $44.45M | $42.83M | $41.49M | $42.54M | $27.19M | $12.94M | $6.68M | $4.41M | $18.69M | $11.31M | $11.69M | $12.59M | $0 | $4.51M | $0 | $0 | $54.01M | $0 | $0 | $0 | $0 |
| Interest Income | $6.24M | $8.65M | $7.76M | $7.29M | $4.98M | $7.69M | $10M | $7.45M | $5.92M | $3.54M | $1.58M | $1.76M | $2.55M | $1.54M | $1.31M | $2.9M | $5.86M | $0 | $1.75M | $368K | $1.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $3.79M | -$68.13M | -$38.07M | -$41.8M | -$52.44M | -$68.66M | -$48.61M | -$45.22M | -$40.44M | $12.93M | -$41.33M | -$40.81M | -$37.58M | -$23.97M | -$13.81M | -$2.55M | $2.56M | -$17.28M | -$11.31M | -$11.35M | -$13.01M | -$10.48M | -$1.54M | -$8.88M | -$28.16M | -$28.48M | $700K | -$4.5M | $73.2M | -$10.8M |
| Income Before Tax (EBT) | $456.89M | $395.64M | $336.96M | $436.81M | $376.49M | $53.01M | $269.93M | $273.26M | $224M | $199.98M | $183.99M | $173.76M | $156.92M | $169.17M | $158.06M | $158.21M | $150.63M | $157.32M | $173.89M | $155.28M | $130.74M | $114.52M | $112.41M | $95.82M | $45.42M | $69.58M | $94.5M | $82.4M | $46.4M | $72.2M |
| Income Tax Expense | $86.94M | $95.98M | $78.45M | $104.65M | $87.53M | -$22.38M | $47.05M | $56.9M | $109.1M | $60.61M | $55.96M | $52.28M | $44.32M | $48.48M | $47.66M | $50.77M | $52.38M | $57.11M | $62.59M | $42.49M | $43.18M | $40.18M | $40.54M | $34.97M | $31.09M | $27.14M | $37.3M | $34.3M | $19.1M | $30.2M |
| Net Income | $369.95M | $299.67M | $258.51M | $332.15M | $288.96M | $75.39M | $222.88M | $216.35M | $114.89M | $139.37M | $128.03M | $123.16M | $112.6M | $120.69M | $110.4M | $107.44M | $98.25M | $100.21M | $111.3M | $112.79M | $87.56M | $74.34M | $71.86M | $60.84M | $14.33M | $42.45M | $57.2M | $55.3M | $27.3M | $40.9M |
| Net Income Margin | 23.2% | 18.9% | 16.7% | 23.7% | 27.0% | 9.7% | 20.0% | 20.8% | 11.4% | 15.1% | 14.9% | 16.2% | 15.5% | 17.5% | 17.3% | 18.0% | 17.4% | 15.6% | 18.1% | 20.7% | 18.3% | 17.3% | 18.6% | 16.6% | 4.2% | 25.3% | 35.4% | 33.4% | 27.0% | 9.5% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | 7.97 | 6.26 | 5.11 | 6.05 | 5.20 | 1.36 | 4.00 | 3.83 | 2.03 | 2.48 | 2.24 | 2.11 | 1.92 | 2.08 | 1.86 | 1.80 | 1.64 | 1.62 | 1.73 | 1.72 | 1.36 | 1.12 | 1.01 | 0.78 | 0.16 | 0.40 | 0.52 | 0.47 | 0.23 | 0.28 |
| Diluted EPS | 7.90 | 6.20 | 5.07 | 5.99 | 5.15 | 1.35 | 3.98 | 3.80 | 2.02 | 2.46 | 2.22 | 2.10 | 1.91 | 2.07 | 1.85 | 1.80 | 1.63 | 1.60 | 1.70 | 1.68 | 1.32 | 1.08 | 0.98 | 0.76 | 0.16 | 0.40 | 0.52 | 0.47 | 0.23 | 0.28 |
| Weighted Average OS | 46.17M | 47.20M | 50.34M | 54.59M | 55.38M | 55.17M | 55.36M | 56.49M | 56.60M | 56.20M | 57.16M | 58.37M | 58.65M | 58.02M | 59.35M | 59.69M | 60.07M | 61.85M | 64.21M | 65.39M | 64.43M | 66.38M | 71.15M | 78.67M | 89.54M | 105.79M | 109.72M | 117.43M | 118.70M | 126.18M |
| EBITDA | $564.86M | $553.64M | $476.47M | $544.52M | $473.67M | $150.49M | $352.86M | $349.9M | $321.55M | $204.29M | $238.36M | $224.61M | $208.92M | $204.58M | $179.02M | $169.1M | $156.41M | $182.78M | $193.84M | $176.33M | $152.8M | $134.95M | $125.17M | $117.57M | $91.97M | $110.17M | $111.4M | $99.4M | -$20.6M | $127.8M |
| EBITDA Margin | 35.4% | 34.9% | 30.9% | 38.8% | 44.3% | 19.4% | 31.7% | 33.6% | 31.9% | 22.1% | 27.7% | 29.6% | 28.8% | 29.6% | 28.0% | 28.4% | 27.7% | 28.5% | 31.5% | 32.4% | 32.0% | 31.5% | 32.4% | 32.2% | 26.9% | 65.8% | 68.9% | 60.1% | -20.4% | 29.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $45M | $40.18M | $26.75M | $41.57M | $511.61M | $234.78M | $33.77M | $26.64M | $235.34M | $202.46M | $193.44M | $214.88M | $167.79M | $134.18M | $107.06M | $91.26M | $67.87M | $52.68M | $46.38M | $35.84M | $16.92M | $27.55M | $20.03M | $12.23M | $16.87M | $19.7M | $11.9M | $1.7M | $10.3M | $6.1M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $400K | $3.49M | $12.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $45M | $40.18M | $26.75M | $41.57M | $511.61M | $234.78M | $33.77M | $26.64M | $235.34M | $202.46M | $193.44M | $214.88M | $168.19M | $137.66M | $119.15M | $91.26M | $67.87M | $52.68M | $46.38M | $35.84M | $16.92M | $27.55M | $20.03M | $12.23M | $16.87M | $19.7M | $11.9M | $1.7M | $10.3M | $6.1M |
| Accounts Receivable | $207.49M | $257.59M | $195.9M | $273.84M | $220.11M | $178.16M | $178.1M | $138.02M | $125.87M | $107.34M | $89.35M | $91.68M | $82.39M | $96.61M | $68.21M | $47.64M | $41.9M | $43.14M | $42.55M | $41.69M | $37.16M | $34.61M | $33.62M | $32.45M | $26.11M | $32.38M | $30M | $28.1M | $53.4M | $32.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25.41M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $429K | $7.98M | $8.22M | $12.34M | $9.23M | $2.62M | $2.25M | $1.96M | $0 | $0 | $0 | $0 | $0 | $0 | $600K |
| Other Current Assets | $153.51M | $4.73M | $39.21M | $2.88M | $14.34M | $3.82M | $3.71M | $35.3M | $25.02M | $12.86M | $14.02M | $1.17M | $42.65M | $54.37M | $14.43M | $24.26M | $10.11M | $16.17M | -$5.27M | $2.1M | $6.31M | $4.21M | $2.97M | $3.35M | $0 | $0 | $0 | $5.9M | $3.4M | $6.7M |
| Total Current Assets | $406M | $339.09M | $296.53M | $347.92M | $761.66M | $432.91M | $236.59M | $243.78M | $402.93M | $344.87M | $310.95M | $351.41M | $258.65M | $233.47M | $194.8M | $163.58M | $127.86M | $120.22M | $105.95M | $87.08M | $63M | $68.63M | $58.58M | $48.03M | $42.98M | $52.09M | $41.9M | $35.7M | $67.1M | $45.8M |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $726.96M | $687.8M | $578.58M | $516.59M | $431.85M | $372.89M | $405.29M | $127.53M | $102.66M | $113.08M | $98.36M | $81.32M | $76.19M | $51.65M | $135.25M | $142.53M | $134M | $138.87M | $43.89M | $42.8M | $46.28M | $47.49M | $54.25M | $64.65M | $70.46M | $72.95M | $58.3M | $32.8M | $37M | $325.3M |
| Goodwill | $305.76M | $220.19M | $220.19M | $218.65M | $159.2M | $159.2M | $159.2M | $169M | $80.76M | $78.91M | $79.33M | $65.81M | $65.81M | $65.81M | $66M | $66.04M | $65.81M | $65.81M | $65.81M | $65.81M | $65.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.08B | $884.01M | $811.08M | $742.19M | $312.39M | $303.73M | $290.42M | $271.19M | $14.67M | $15.74M | $11.95M | $8.91M | $9.95M | $13.47M | $17.25M | $20.82M | $24.56M | $27.76M | $31.98M | $35.51M | $38.27M | $92.72M | $96M | $96.96M | $96.88M | $101.83M | $107.8M | $111.7M | $117.6M | $118.7M |
| Long-Term Investments | $134.97M | $47.6M | $226.7M | $62.29M | $61.91M | $86.98M | $103.63M | $128.41M | $155.06M | $111.81M | $17.67M | $17.54M | $15.95M | $12.76M | $11.68M | $23.36M | $20.93M | $25.36M | $33M | $32M | $23M | -$2.25M | -$1.96M | -$58.68M | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $75.37M | $108.31M | $89.53M | $88.18M | $68.64M | $67.75M | $20.75M | $30.61M | $13.34M | $52.81M | $42.43M | $20.55M | $20.28M | $15.42M | $22.66M | $24.43M | $14.14M | $20.32M | $29.2M | $22.45M | $3.29M | $2.25M | $1.96M | $58.68M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $186.65M | $243.53M | $172.19M | $126.34M | $136.17M | $163.88M | $170.8M | $167.84M | $74.81M | $51.18M | $68.15M | $24.42M | $26.97M | $66.54M | $38K | -$29.05M | -$47.27M | -$70.12M | $18.55M | $17.65M | $25.43M | $53.55M | $58.44M | $104.75M | $110.86M | $257.26M | $256.7M | $218M | $154.6M | $36.5M |
| Total Long-Term Assets | $2.51B | $2.19B | $2.1B | $1.75B | $1.17B | $1.15B | $1.15B | $894.59M | $524.67M | $507.6M | $406.06M | $295.86M | $281.25M | $277.3M | $252.89M | $248.14M | $212.18M | $208M | $222.43M | $216.23M | $202.1M | $193.76M | $208.69M | $266.36M | $278.19M | $432.03M | $422.8M | $362.5M | $309.2M | $480.5M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.92B | $2.53B | $2.39B | $2.1B | $1.93B | $1.59B | $1.39B | $1.14B | $927.61M | $852.47M | $717.01M | $647.27M | $539.9M | $510.77M | $447.69M | $411.72M | $340.04M | $328.22M | $328.38M | $303.31M | $265.1M | $262.39M | $267.27M | $314.38M | $321.18M | $484.12M | $464.7M | $398.2M | $376.3M | $526.3M |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $156.28M | $134.87M | $131.28M | $118.86M | $81.17M | $83.33M | $73.45M | $73.51M | $67.84M | $48.07M | $64.43M | $57.12M | $41.66M | $38.71M | $38.39M | $41.17M | $33.86M | $41.65M | $55.29M | $41.82M | $34.58M | $30.72M | $29.74M | $23.14M | $24.72M | $15.96M | $21.4M | $16.2M | $26.5M | $42.1M |
| Short-Term Debt | $8.36M | $0 | $499.27M | $2.98M | $216.35M | $0 | $7.51M | $1.1M | $1.23M | $1.2M | $1.19M | $12.35M | $10.09M | $8.2M | $673K | $620K | $0 | $0 | $0 | $146K | $146K | $10.15M | $23.83M | $23.8M | $13.56M | $50.05M | $44.6M | $22.6M | $15M | $600K |
| Current Income Tax Payable | $0 | $10.4M | $6.95M | $6.39M | $125K | $7.04M | $0 | $26.28M | $2.78M | $796K | $159K | $85K | $2.28M | $0 | $1.11M | $5.78M | $6.31M | $1.21M | $1.66M | $5.36M | $2.5M | $989K | $2.58M | $8.88M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $100.7M | $102.11M | $108.32M | $92.69M | $81.54M | $50.29M | $71.59M | $67.61M | $141.11M | $133.22M | $71.59M | $66.38M | $61.19M | $71.15M | $68.83M | $67.32M | $51.77M | $47M | $48.66M | $47.17M | $32.13M | $59.24M | $44.7M | $29.69M | $30.05M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $201.95M | $168.75M | $167.12M | $181.55M | $150.54M | $89.87M | $137.75M | $147.6M | $19.84M | $51.68M | $42.12M | $36.56M | $31.92M | $41.38M | $59.94M | $2.55M | $2.8M | $6.96M | $1M | $5.36M | $2.33M | $25K | -$741K | $8.88M | $2.84M | $27.82M | $23.7M | $19.7M | $16.6M | $18.9M |
| Total Current Liabilities | $467.29M | $462.72M | $942.69M | $435.9M | $570.29M | $255.85M | $325.89M | $318.44M | $294.5M | $263.67M | $208.02M | $200.1M | $174.34M | $176.14M | $184.56M | $165.26M | $131.81M | $135.07M | $147.52M | $139.79M | $120.14M | $101.09M | $100.85M | $85.5M | $71.18M | $93.83M | $89.7M | $58.5M | $58.1M | $61.6M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $2.01B | $1.77B | $1.07B | $1.2B | $844.12M | $1.06B | $844.1M | $753.51M | $725.29M | $839.41M | $812.95M | $782.08M | $783.47M | $847.15M | $252.03M | $251.55M | $277.7M | $284.4M | $272.38M | $172.39M | $273.97M | $318.56M | $222.82M | $284M | $267.73M | $247.18M | $262.7M | $256.6M | $267.8M | $295.6M |
| Long-Term Unearned Revenue | $356.01M | $132.26M | $133.5M | $134.15M | $105.78M | $122.41M | $112.66M | $110.28M | $23.23M | $15.2M | $43.75M | $48.59M | $1.63M | $1.41M | $17.81M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$58.68M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $25.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $39K | $292K | $506K | $0 | $20.89M | $18.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.97M | $21.56M | $58.68M | $46.81M | $53.02M | $46.7M | $26.7M | $1.2M | $1.8M |
| Other Long-Term Liabilities | -$233.68M | $99.04M | $104.78M | $105.93M | $110.25M | $143.35M | $106.26M | $139.91M | $145.35M | $45.25M | $47.7M | $92.74M | $23.81M | $15.99M | $35.86M | $52.98M | $44.74M | $46.42M | $65.55M | $53.51M | $38.16M | $38.82M | $40.22M | $58.68M | $0 | $0 | -$42K | -$100K | -$100K | -$100K |
| Total Long-Term Liabilities | $2.27B | $2.11B | $1.42B | $1.51B | $1.1B | $1.34B | $1.08B | $1B | $845.21M | $900.15M | $904.89M | $875.97M | $829.81M | $883.54M | $288.69M | $304.54M | $322.44M | $330.82M | $337.93M | $225.9M | $312.13M | $364.35M | $284.61M | $342.68M | $314.54M | $300.2M | $309.4M | $283.2M | $268.9M | $297.3M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.74B | $2.58B | $2.36B | $1.95B | $1.67B | $1.59B | $1.41B | $1.32B | $1.14B | $1.16B | $1.11B | $1.08B | $1B | $1.06B | $473.25M | $469.79M | $454.25M | $465.89M | $485.44M | $365.69M | $432.28M | $465.44M | $385.46M | $428.18M | $385.72M | $394.03M | $399.1M | $341.7M | $327M | $358.9M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $627.27M | $607.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $951K | $951K | $951K | $951K | $951K | $951K | $951K | $951K | $951K | $951K | $951K | $573K | $586K | $582K | $583K | $596K | $595K | $607K | $621K | $664K | $652K | $323K | $347K | $371K | $420K | $526K | $600K | $0 | $0 | $0 |
| Retained Earnings | $2.32B | $2B | $1.76B | $1.56B | $1.28B | $1.02B | $968.83M | $795.18M | $673.77M | $607.56M | $514.9M | $432.4M | $341.65M | $272.26M | $794.95M | $728.06M | $664.43M | $610.24M | $553.84M | $483.35M | $407.42M | $351.27M | $304.98M | $240.02M | $179.18M | $164.85M | $121.7M | $64.6M | $9.3M | $2.2M |
| Comprehensive Income & Other | -$5.31M | -$6.19M | -$5.67M | -$5.21M | -$4.57M | -$4.65M | -$4.55M | -$5.45M | -$4.7M | -$8.52M | -$8.78M | -$6.97M | -$6.22M | -$4.22M | -$6.8M | -$7.19M | $333K | -$3.47M | $346K | -$772K | -$11.57M | -$6.63M | -$1.5M | -$3.45M | -$3.21M | -$1.35M | -$700K | -$11.9M | $0 | $0 |
| Other Stockholders' Equity | -$2.14B | -$2.05B | -$1.72B | -$1.4B | -$1.01B | -$1.03B | -$993.29M | -$979.9M | -$886.82M | -$919.86M | -$911.75M | -$861.77M | -$806.48M | -$821.75M | -$821.09M | -$786.72M | -$779.24M | -$748.52M | -$711.52M | -$546.39M | -$575.25M | -$554.64M | -$423.52M | -$354.19M | -$244.13M | -$75.28M | -$56.7M | -$8.1M | $40M | $165.2M |
| Total Equity | $181.23M | -$45.27M | $35.6M | $154.66M | $265.88M | -$5.75M | -$23.51M | -$183.77M | -$212.1M | -$311.35M | -$395.9M | -$428.8M | -$464.25M | -$548.9M | -$25.56M | -$58.07M | -$114.21M | -$137.67M | -$157.06M | -$62.38M | -$167.18M | -$203.05M | -$118.19M | -$113.8M | -$64.54M | $90.09M | $65.6M | $56.5M | $49.3M | $167.4M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $491.19M | $638.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.92B | $2.53B | $2.39B | $2.1B | $1.93B | $1.59B | $1.39B | $1.14B | $927.61M | $852.47M | $717.01M | $647.27M | $539.9M | $510.77M | $447.69M | $411.72M | $340.04M | $328.22M | $328.38M | $303.31M | $265.1M | $262.39M | $267.27M | $314.38M | $321.18M | $484.12M | $464.7M | $398.2M | $376.3M | $526.3M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $2.13B | $1.89B | $1.68B | $1.29B | $1.11B | $1.08B | $882.98M | $754.61M | $726.52M | $840.6M | $814.14M | $794.43M | $793.56M | $855.35M | $252.71M | $252.17M | $277.7M | $284.4M | $272.38M | $172.54M | $274.12M | $328.7M | $246.65M | $307.79M | $281.3M | $297.23M | $307.3M | $279.2M | $282.8M | $296.2M |
| Net Debt | $2.09B | $1.85B | $1.65B | $1.24B | $596.36M | $847.3M | $849.22M | $727.97M | $491.19M | $638.14M | $620.7M | $579.55M | $625.76M | $721.17M | $145.65M | $160.91M | $209.83M | $231.72M | $226M | $136.69M | $257.2M | $301.15M | $226.62M | $295.56M | $264.43M | $277.52M | $295.4M | $277.5M | $272.5M | $290.1M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | $369.95M | $299.67M | $258.51M | $332.15M | $288.96M | $75.39M | $222.88M | $216.35M | $114.89M | $139.37M | $128.03M | $123.16M | $112.6M | $120.69M | $110.4M | $107.44M | $98.25M | $100.21M | $111.3M | $112.79M | $87.56M | $74.34M | $71.86M | $60.84M | $14.33M | $42.45M | $57.2M | $48.1M | $27.3M | $42M |
| Depreciation & Amortization | $16.82M | $70.86M | $75.73M | $63.91M | $50.49M | $48.46M | $36.12M | $30.73M | $27.29M | $11.71M | $11.54M | $9.37M | $9.47M | $8.23M | $8.02M | $8.34M | $8.34M | $8.18M | $8.64M | $9.71M | $9.05M | $9.95M | $11.22M | $11.25M | $12.45M | $12.1M | $17.6M | $12.5M | $6.2M | $29.8M |
| Deferred Income Tax | $19.76M | -$19.03M | -$1.34M | -$19.64M | -$1.01M | -$44.83M | $9.81M | -$3.51M | $39.32M | -$10.54M | $615K | -$22.9M | -$8.02M | -$540K | $5.51M | -$2.38M | $5.55M | -$7.65M | -$7.65M | -$17.21M | -$13.32M | -$14.88M | $255K | $12.88M | -$5.81M | $11.02M | $10.2M | $14.9M | -$4.8M | $6.3M |
| Stock-Based Compensation | $38.25M | $43.25M | $46.81M | $42.97M | $35.73M | $9.69M | $17.61M | $15.99M | $23.34M | $15.46M | $11.8M | $9.71M | $11.27M | $12.38M | $14.51M | $9.3M | $13.76M | $10.91M | $10.64M | $10.64M | $5.29M | $4.02M | $2.23M | $2.21M | $0 | $35.73M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$23.13M | -$21.92M | $401K | -$14.25M | -$6.73M | $25.07M | -$7.79M | -$9.23M | -$796K | $1.06M | -$3.01M | -$3.01M | -$2.42M | -$735K | -$887K | $6.46M | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$22.14M | -$18.21M | -$17.63M | -$8.06M | -$11.28M | -$8.62M | $6.97M | $22.98M | -$4.62M | -$10.49M | $16.89M | $29.31M | $492K | -$243K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.4M |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12.46M | -$13.69M | $6.49M | $9.64M | $2.3M | $11K | -$1.85M | $5.74M | -$8.28M | -$13.14M | $6.89M | $6.89M | $1.92M | $978K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$97.98M | $17.4M | $6.13M | -$5.08M | $23.24M | $11.48M | -$21.82M | -$2.03M | $90.9M | $45.97M | $11.93M | $71.89M | $37.35M | -$1M | -$658K | -$1.42M | $8.16M | -$10.84M | $737K | $6.17M | $45.41M | $35.02M | $36.49M | $6.73M | $42.47M | -$779K | $10.3M | -$15.7M | $0 | $0 |
| Total Working Capital Change | -$97.98M | $17.4M | $6.13M | -$5.08M | $23.24M | $11.48M | -$21.82M | -$2.03M | $58.09M | -$7.85M | $1.19M | $59.22M | $21.64M | $15.46M | -$3.33M | $18.08M | -$5.53M | -$33.41M | $21.51M | $39.36M | $45.41M | $35.02M | $35.6M | $13.2M | $42.47M | -$779K | $10.3M | -$15.7M | $5.7M | $7.1M |
| Other Non-Cash Items | -$76.36M | -$92.74M | -$89.29M | -$47.26M | -$13.72M | $14.86M | $5.96M | -$14.64M | -$5.56M | $3.89M | $6.69M | $5.34M | $5.08M | $4.81M | -$276K | $4.15M | -$8.15M | $26.15M | $1.7M | -$1.35M | -$1.09M | -$646K | -$5.69M | -$1.34M | $2.54M | $2.84M | -$100K | -$100K | -$100K | -$1M |
| Net Cash from Operating | $270.45M | $319.4M | $296.55M | $367.06M | $383.7M | $115.05M | $270.56M | $242.9M | $257.37M | $152.03M | $159.87M | $183.89M | $152.04M | $161.02M | $134.84M | $144.94M | $112.22M | $104.4M | $146.13M | $153.93M | $132.91M | $107.8M | $115.48M | $99.04M | $101.71M | $67.62M | $79.5M | $44.1M | $33.6M | $87.2M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$145.79M | -$145.85M | -$116.28M | -$89.95M | -$77.87M | -$39.95M | -$64.04M | -$49.48M | -$25.95M | -$27.77M | -$27.77M | -$20.95M | -$31.52M | -$15.44M | -$10.92M | -$24.37M | -$11.13M | -$12.61M | -$11.96M | -$7.71M | -$11.5M | -$6.86M | -$8.48M | -$12.23M | -$13.53M | -$16.59M | -$30.6M | -$12.3M | -$7.3M | -$84.7M |
| Acquisitions | -$73.39M | -$52.77M | $0 | -$553.58M | $12.78M | $1.98M | -$29.67M | -$240.92M | -$50.55M | -$64.58M | -$37.01M | -$17.79M | -$5.68M | -$20.29M | $0 | -$466K | $0 | -$343K | -$343K | -$826K | -$7.31M | $0 | -$1.21M | $0 | -$13.68M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$116.61M | $0 | -$1.71M | -$2.56M | -$3.17M | -$2.9M | -$2.45M | -$1.66M | -$3.22M | -$2.79M | -$2.68M | -$1.7M | -$19.37M | -$13.73M | -$5.85M | -$7.8M | -$8.69M | -$10.52M | -$8.93M | -$4.16M | -$2.67M | $0 | -$4.48M | -$4.48M | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $108.15M | $1.61M | $0 | $2.61M | $2.48M | $2.22M | $2.83M | $2.25M | $1.91M | $3.17M | $964K | $4.17M | $11.22M | $5.4M | $1.65M | $14.22M | $7.82M | $6.05M | $3.73M | $3.54M | $0 | $3.17M | $0 | $18.16M | $18.16M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $926K | $5.9M | -$34.34M | $201.1M | -$14.74M | $8.59M | -$156.49M | -$30.79M | -$13.4M | -$6.36M | -$34.99M | $22.92M | $8.17M | -$31.8M | $1.09M | $4.76M | -$584K | -$7.33M | -$6.32M | -$2.01M | $358K | -$2.7M | $36.98M | -$2.47M | $101.27M | -$13.77M | -$19.9M | -$1.9M | -$142.4M | -$16.6M |
| Net Cash from Investing | -$218.26M | -$84.57M | -$265.63M | -$442.43M | -$78.93M | -$29.47M | -$251.17M | -$321.25M | -$90.11M | -$98.47M | -$99.81M | -$17.65M | -$27.55M | -$58M | -$23.8M | -$32.16M | -$3.35M | -$20.27M | -$21.26M | -$17.33M | -$23.85M | -$13.72M | $27.78M | -$14.7M | $87.74M | -$30.36M | -$50.5M | -$14.2M | -$149.7M | -$101.3M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | -$134.83M | -$205.07M | -$500M | -$143.38M | - | -$209.02M | -$165.57M | -$8.43M | $115.66M | -$25.36M | -$28.54M | $9.86M | $61.84M | -$539.08M | $422K | $29.79M | $6.7M | -$12M | -$99.78M | $101.65M | $55.28M | -$80.98M | $61.2M | -$26.18M | $18.77M | $10.26M | -$29.2M | -$10.6M | -$157.6M | $20.2M |
| Common Stock Issuance | $0 | $0 | $0 | $3.81M | $11.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.75M | $8.5M | $14.21M | $8.43M | $0 | $0 | $12.29M | $1.74M | $5.1M | $4.9M | $0 | $3.4M |
| Common Stock Repurchases | -$138.3M | -$380.74M | -$362.77M | -$434.77M | -$13.37M | -$55.45M | -$50.64M | -$148.68M | -$9.81M | -$35.93M | -$72.87M | -$77.97M | -$3.96M | -$22.59M | -$53.62M | -$11.21M | -$59.13M | -$63.73M | -$185.94M | -$1.36M | -$49.15M | -$148.27M | -$80.36M | -$120.93M | -$185.81M | -$20.89M | -$53.2M | -$54M | -$200K | -$53.2M |
| Dividends Paid | -$53.47M | -$55.5M | -$56.46M | -$52.55M | -$25.04M | -$25.27M | -$48.09M | -$48.72M | -$48.65M | -$46.18M | -$45.21M | -$43.53M | -$32.8M | -$654.09M | -$43.75M | -$43.81M | -$44.27M | -$43.14M | -$40.14M | -$35.39M | -$30.24M | -$27.69M | -$6.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $6.84M | $9.46M | $4.79M | -$54.03M | -$365K | $5.58M | -$6.93M | $38.94M | $38.34M | -$284K | $3.04M | $3.72M | $10.32M | $3.89M | $2.72M | -$6.38M | $14.99M | $19.16M | $11.96M | $12.22M | -$193K | -$1.01M | $6.9M | $0 | $0 | $0 | $0 | $0 | -$35.2M | $41.8M |
| Net Cash from Financing | -$50.1M | -$221.71M | -$45.94M | -$394.15M | -$27.72M | $115.4M | -$12.49M | -$129.42M | -$135.78M | -$44.08M | -$79.45M | -$117.54M | -$88.28M | -$76.71M | -$95.07M | -$91.19M | -$95.11M | -$75.71M | -$114.34M | -$117.68M | -$120.65M | -$86.56M | -$135.47M | -$88.98M | -$192.28M | -$29.41M | -$18.9M | -$38.5M | $122.2M | $20.4M |
| Forex Effect | $2.74M | $301K | $197K | -$520K | -$224K | $33K | $230K | -$921K | $1.39M | -$462K | -$2.05M | -$1.62M | -$2.59M | $809K | -$172K | $1.8M | $1.43M | -$2.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $0 | $0 | $0 |
| Net Change in Cash | $4.82M | $13.42M | -$14.81M | -$470.04M | $276.83M | $201.01M | $7.12M | -$208.69M | $32.87M | $9.02M | -$21.44M | $47.08M | $33.62M | $27.12M | $15.8M | $23.39M | $15.19M | $6.3M | $10.54M | $18.92M | -$11.6M | $7.52M | $7.8M | -$4.64M | -$2.83M | $7.85M | $10.2M | -$8.6M | $6.1M | $6.3M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | $270.45M | $319.4M | $296.55M | $367.06M | $383.7M | $115.05M | $270.56M | $242.9M | $257.37M | $152.03M | $159.87M | $183.89M | $152.04M | $161.02M | $134.84M | $144.94M | $112.22M | $104.4M | $146.13M | $153.93M | $132.91M | $107.8M | $115.48M | $99.04M | $101.71M | $67.62M | $79.5M | $44.1M | $33.6M | $87.2M |
| Capital Expenditure | -$145.79M | -$145.85M | -$118.29M | -$89.95M | -$77.87M | -$39.95M | -$64.04M | -$49.48M | -$25.95M | -$27.77M | -$27.77M | -$20.95M | -$31.52M | -$15.44M | -$10.92M | -$24.37M | -$11.13M | -$12.61M | -$11.96M | -$7.71M | -$11.5M | -$6.86M | -$8.48M | -$12.23M | -$13.53M | -$16.59M | -$30.6M | -$12.3M | -$7.3M | -$84.7M |
| Free Cash Flow | $124.65M | $173.55M | $178.26M | $277.11M | $305.83M | $75.1M | $206.51M | $193.42M | $231.42M | $124.26M | $132.11M | $162.94M | $120.52M | $145.58M | $123.92M | $120.57M | $101.08M | $91.79M | $134.17M | $146.22M | $121.4M | $100.94M | $107M | $86.8M | $88.18M | $51.03M | $48.9M | $31.8M | $26.3M | $2.5M |
| Cash at Beginning | $40.18M | $26.75M | $41.57M | $511.61M | $234.78M | $33.77M | $26.64M | $235.34M | $202.46M | $193.44M | $214.88M | $167.79M | $134.18M | $107.06M | $91.26M | $67.87M | $52.68M | $46.38M | $35.84M | $16.92M | $28.52M | $20.03M | $12.23M | $16.87M | $19.7M | $11.85M | $1.7M | $10.3M | $4.2M | $4.5M |
| Cash at End | $45M | $40.18M | $26.75M | $41.57M | $511.61M | $234.78M | $33.77M | $26.64M | $235.34M | $202.46M | $193.44M | $214.88M | $167.79M | $134.18M | $107.06M | $91.26M | $67.87M | $52.68M | $46.38M | $35.84M | $16.92M | $27.55M | $20.03M | $12.23M | $16.87M | $19.7M | $11.9M | $1.7M | $10.3M | $10.8M |