Choice Hotels International, Inc(NYSE:CHH) 
Choice Hotels International, Inc., together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Poin...
Website: http://www.choicehotels.com
Founded: 1939
Full Time Employees: 1,807
Sector: Consumer Cyclical
Industry: Lodging
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 |
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revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
franchise and management fees | 157,266,000 | 193,777,000 | 177,086,000 | 145,068,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
partnership services and fees | 32,476,000 | 28,868,000 | 27,064,000 | 25,381,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
owned hotels | 30,118,000 | 33,167,000 | 30,228,000 | 27,860,000 | 28,114,000 | 31,936,000 | 28,418,000 | 24,991,000 | 23,566,000 | 26,239,000 | 25,504,000 | 22,332,000 | 21,606,000 | 19,992,000 | 17,191,000 | 12,037,000 | 13,109,000 | 11,377,000 | 8,993,000 | 4,354,000 | 4,437,000 | 4,201,000 | 2,108,000 | 9,422,000 | 11,572,000 | 8,710,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other | 14,293,000 | 22,094,000 | 24,716,000 | 11,127,000 | 16,552,000 | 13,857,000 | 15,037,000 | 16,357,000 | 12,840,000 | 11,436,000 | 11,148,000 | 10,627,000 | 13,152,000 | 31,432,000 | 11,927,000 | 8,229,000 | 7,916,000 | 8,645,000 | 7,701,000 | 4,407,000 | 3,932,000 | 3,577,000 | 2,423,000 | 6,948,000 | 9,851,000 | 9,755,000 | 11,288,000 | 9,149,000 | 12,455,000 | 10,232,000 | 10,561,000 | 9,543,000 | 34,023,252 | 8,567 | 8,229 | 7,952 | 23,182,780 | 5,546 | 5,728 | 4,946,000 | 17,844,284 | 4,693 | 3,446,000 | 3,577,000 | 4,325,000 | 3,630,000 | 3,486,000 | 3,072,000 | 2,489,000 | 3,091,000 | 2,258,000 | 2,013,000 | 1,771,000 | 2,182,000 | 1,686,000 | 3,566,000 | 1,717,000 | 1,884,000 | 1,953,000 | 1,431,000 | 1,449,000 | 1,575,000 | 1,641,000 | 1,536,000 | 2,172,000 | 1,297,000 | 1,174,000 | 1,518,000 | 1,826,000 | 1,604,000 | 2,102,000 | 2,221,000 | 1,595,000 | 2,675,000 | 1,886,000 |
revenue for reimbursable costs from franchised and managed properties | 155,997,000 | 169,434,000 | 167,349,000 | 123,424,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 390,150,000 | 447,340,000 | 426,443,000 | 332,860,000 | 389,770,000 | 427,964,000 | 435,156,000 | 331,949,000 | 358,396,000 | 425,557,000 | 427,420,000 | 332,792,000 | 361,982,000 | 414,266,000 | 367,974,000 | 257,727,000 | 284,638,000 | 323,369,000 | 278,344,000 | 182,947,000 | 193,393,000 | 210,771,000 | 151,733,000 | 218,175,000 | 268,084,000 | 310,732,000 | 317,684,000 | 218,320,000 | 244,979,000 | 291,490,000 | 295,441,000 | 209,394,000 | 1,006,586,215 | 295,088 | 276,799 | 197,898 | 923,924,554 | 267,577 | 241,751 | 207,118,000 | 859,229,073 | 241,526 | 232,156,000 | 175,245,000 | 185,402,000 | 215,168,000 | 197,664,000 | 147,283,000 | 180,695,000 | 223,162,000 | 183,578,000 | 136,872,000 | 178,306,000 | 210,413,000 | 173,621,000 | 129,169,000 | 165,890,000 | 192,321,000 | 165,301,000 | 115,281,000 | 155,006,000 | 183,801,000 | 149,848,000 | 107,421,000 | 140,701,000 | 165,976,000 | 143,343,000 | 114,158,000 | 154,494,000 | 191,211,000 | 167,120,000 | 128,855,000 | 165,193,000 | 176,409,000 | 157,709,000 |
yoy | 0.10% | 4.53% | -2.00% | 0.27% | 8.75% | 0.57% | 1.81% | -0.25% | -0.99% | 2.73% | 16.15% | 29.13% | 27.17% | 28.11% | 32.20% | 40.88% | 47.18% | 53.42% | 83.44% | -16.15% | -27.86% | -32.17% | -52.24% | -0.07% | 9.43% | 6.60% | 7.53% | 4.26% | -75.66% | 98680.70% | 106634.85% | 105709.05% | 8.95% | 10.28% | 14.50% | -99.90% | 7.53% | 10.79% | -99.90% | 18.19% | 363.44% | -99.89% | 17.45% | 18.99% | 2.60% | -3.58% | 7.67% | 7.61% | 1.34% | 6.06% | 5.73% | 5.96% | 7.48% | 9.41% | 5.03% | 12.05% | 7.02% | 4.64% | 10.31% | 7.32% | 10.17% | 10.74% | 4.54% | -5.90% | -8.93% | -13.20% | -14.23% | -11.41% | -6.48% | 8.39% | 5.97% | ||||
qoq | -12.78% | 4.90% | 28.11% | -14.60% | -8.92% | -1.65% | 31.09% | -7.38% | -15.78% | -0.44% | 28.43% | -8.06% | -12.62% | 12.58% | 42.78% | -9.45% | -11.98% | 16.18% | 52.14% | -5.40% | -8.24% | 38.91% | -30.45% | -18.62% | -13.73% | -2.19% | 45.51% | -10.88% | -15.96% | -1.34% | 41.09% | -79.20% | 341013.91% | 6.61% | 39.87% | -99.98% | 345192.96% | 10.68% | -99.88% | -75.89% | 355650.14% | -99.90% | 32.48% | -5.48% | -13.83% | 8.86% | 34.21% | -18.49% | -19.03% | 21.56% | 34.12% | -23.24% | -15.26% | 21.19% | 34.41% | -22.14% | -13.74% | 16.35% | 43.39% | -25.63% | -15.67% | 22.66% | 39.50% | -23.65% | -15.23% | 15.79% | 25.57% | -26.11% | -19.20% | 14.42% | 29.70% | -22.00% | -6.36% | 11.86% | |
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative | 85,840,000 | 79,610,000 | 89,298,000 | 74,210,000 | 57,181,000 | 49,077,000 | 64,995,000 | 48,625,000 | 34,081,000 | 54,913,000 | 67,804,000 | 59,283,000 | 62,861,000 | 70,202,000 | 43,888,000 | 30,324,000 | 45,776,000 | 35,110,000 | 34,470,000 | 30,267,000 | 44,312,000 | 31,413,000 | 36,115,000 | 28,835,000 | 44,031,000 | 38,308,000 | 46,980,000 | 39,514,000 | 44,702,000 | 38,191,000 | 46,270,000 | 40,864,000 | 163,259,582 | 46,364 | 38,208 | 32,846 | 148,618,485 | 34,357 | 40,039 | 35,119,000 | 134,158,288 | 30,152 | 33,122,000 | 32,438,000 | 33,089,000 | 30,236,000 | 31,413,000 | 26,463,000 | 29,489,000 | 26,982,000 | 30,180,000 | 26,916,000 | 29,779,000 | 23,170,000 | 24,554,000 | 24,349,000 | 33,463,000 | 22,555,000 | 26,539,000 | 23,847,000 | 26,744,000 | 23,156,000 | 22,824,000 | 21,816,000 | 26,183,000 | 24,517,000 | 27,076,000 | 21,461,000 | 35,580,000 | 25,579,000 | 34,275,000 | 23,555,000 | 27,855,000 | 24,230,000 | 25,605,000 |
business combination, diligence and transition costs | 2,761,000 | 1,494,000 | 347,000 | 99,000 | -490,000 | 984,000 | 895,000 | 15,844,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 16,783,000 | 15,760,000 | 13,424,000 | 13,748,000 | 10,659,000 | 10,861,000 | 10,827,000 | 10,935,000 | 10,191,000 | 9,633,000 | 9,812,000 | 10,023,000 | 9,989,000 | 8,726,000 | 5,479,000 | 6,231,000 | 6,296,000 | 5,883,000 | 6,232,000 | 6,362,000 | 6,522,000 | 6,382,000 | 6,398,000 | 6,529,000 | 6,239,000 | 5,568,000 | 3,405,000 | 3,616,000 | 3,793,000 | 3,815,000 | 3,669,000 | 3,053,000 | 12,421,785 | 3,095 | 3,050 | 3,070 | 11,696,293 | 2,986 | 2,956 | 2,765,000 | 11,533,207 | 3,108 | 2,995,000 | 2,690,000 | 2,462,000 | 2,293,000 | 2,332,000 | 2,122,000 | 2,395,000 | 2,379,000 | 2,520,000 | 2,175,000 | 2,237,000 | 1,995,000 | 1,977,000 | 2,017,000 | 2,048,000 | 2,073,000 | 1,948,000 | 1,955,000 | 1,872,000 | 2,078,000 | 2,220,000 | 2,172,000 | 2,084,000 | 2,105,000 | 2,032,000 | 2,115,000 | 2,019,000 | 2,038,000 | 2,070,000 | 2,057,000 | 2,227,000 | 2,158,000 | 2,137,000 |
reimbursable expenses from franchised and managed properties | 158,899,000 | 184,268,000 | 176,358,000 | 143,811,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 288,696,000 | 304,924,000 | 301,846,000 | 252,928,000 | 270,551,000 | 276,181,000 | 302,534,000 | 271,800,000 | 316,914,000 | 290,515,000 | 303,031,000 | 254,941,000 | 284,706,000 | 282,627,000 | 213,905,000 | 158,359,000 | 177,564,000 | 164,263,000 | 159,320,000 | 138,949,000 | 167,361,000 | 155,415,000 | 142,647,000 | 171,845,000 | 199,453,000 | 208,320,000 | 210,506,000 | 162,969,000 | 188,649,000 | 180,322,000 | 186,507,000 | 163,145,000 | 742,329,094 | 217,222 | 199,293 | 145,391 | 685,618,585 | 189,361 | 176,809 | 164,245,000 | 634,088,197 | 167,723 | 169,239,000 | 133,841,000 | 139,145,000 | 148,182,000 | 137,511,000 | 112,597,000 | 133,538,000 | 156,613,000 | 133,256,000 | 106,406,000 | 133,072,000 | 145,160,000 | 122,031,000 | 98,104,000 | 127,228,000 | 129,921,000 | 120,179,000 | 89,602,000 | 116,565,000 | 128,924,000 | 106,241,000 | 83,584,000 | 106,618,000 | 117,851,000 | 105,233,000 | 86,403,000 | 120,397,000 | 129,342,000 | 122,542,000 | 94,803,000 | 117,102,000 | 114,050,000 | 110,346,000 |
operating income | 101,454,000 | 142,416,000 | 124,597,000 | 79,932,000 | 119,219,000 | 151,783,000 | 132,622,000 | 60,149,000 | 37,746,000 | 135,042,000 | 124,389,000 | 77,851,000 | 76,837,000 | 145,018,000 | 157,349,000 | 99,397,000 | 106,805,000 | 159,106,000 | 119,024,000 | 43,998,000 | 16,797,000 | 51,066,000 | 7,860,000 | 46,330,000 | 68,635,000 | 102,420,000 | 102,537,000 | 45,050,000 | 52,041,000 | 111,168,000 | 109,016,000 | 46,249,000 | 264,225,153 | 77,834 | 77,506 | 52,507 | 238,708,567 | 78,618 | 64,942 | 42,873,000 | 225,140,876 | 73,803 | 62,917,000 | 41,404,000 | 46,257,000 | 66,986,000 | 60,153,000 | 34,686,000 | 47,157,000 | 66,549,000 | 50,322,000 | 30,466,000 | 45,234,000 | 65,253,000 | 51,590,000 | 31,065,000 | 38,662,000 | 62,400,000 | 45,122,000 | 25,679,000 | 38,441,000 | 54,877,000 | 43,607,000 | 23,837,000 | 34,083,000 | 48,125,000 | 38,110,000 | 27,755,000 | 34,097,000 | 61,869,000 | 44,578,000 | 34,052,000 | 48,091,000 | 62,359,000 | 47,363,000 |
yoy | -14.90% | -6.17% | -6.05% | 32.89% | 215.85% | 12.40% | 6.62% | -22.74% | -50.88% | -6.88% | -20.95% | -21.68% | -28.06% | -8.85% | 32.20% | 125.91% | 535.86% | 211.57% | 1414.30% | -5.03% | -75.53% | -50.14% | -92.33% | 2.84% | 31.89% | -7.87% | -5.94% | -2.59% | -80.30% | 142727.04% | 140554.92% | 87981.59% | 10.69% | -1.00% | 19.35% | -99.88% | 6.03% | 6.52% | -99.90% | 3.55% | 386.72% | -99.89% | 4.59% | 19.37% | -1.91% | 0.66% | 19.54% | 13.85% | 4.25% | 1.99% | -2.46% | -1.93% | 17.00% | 4.57% | 14.33% | 20.97% | 0.57% | 13.71% | 3.47% | 7.73% | 12.79% | 14.03% | 14.42% | -14.12% | -0.04% | -22.21% | -14.51% | -18.49% | -29.10% | -0.79% | -5.88% | ||||
qoq | -28.76% | 14.30% | 55.88% | -32.95% | -21.45% | 14.45% | 120.49% | 59.35% | -72.05% | 8.56% | 59.78% | 1.32% | -47.02% | -7.84% | 58.30% | -6.94% | -32.87% | 33.68% | 170.52% | 161.94% | -67.11% | 549.69% | -83.03% | -32.50% | -32.99% | -0.11% | 127.61% | -13.43% | -53.19% | 1.97% | 135.72% | -82.50% | 339372.66% | 0.42% | 47.61% | -99.98% | 303530.93% | 21.06% | -99.85% | -80.96% | 304956.54% | -99.88% | 51.96% | -10.49% | -30.95% | 11.36% | 73.42% | -26.45% | -29.14% | 32.25% | 65.17% | -32.65% | -30.68% | 26.48% | 66.07% | -19.65% | -38.04% | 38.29% | 75.72% | -33.20% | -29.95% | 25.84% | 82.94% | -30.06% | -29.18% | 26.28% | 37.31% | -18.60% | -44.89% | 38.79% | 30.91% | -29.19% | -22.88% | 31.66% | |
operating margin % | 26.00% | 31.84% | 29.22% | 24.01% | 30.59% | 35.47% | 30.48% | 18.12% | 10.53% | 31.73% | 29.10% | 23.39% | 21.23% | 35.01% | 42.76% | 38.57% | 37.52% | 49.20% | 42.76% | 24.05% | 8.69% | 24.23% | 5.18% | 21.24% | 25.60% | 32.96% | 32.28% | 20.63% | 21.24% | 38.14% | 36.90% | 22.09% | 26.25% | 26.38% | 28.00% | 26.53% | 25.84% | 29.38% | 26.86% | 20.70% | 26.20% | 30.56% | 27.10% | 23.63% | 24.95% | 31.13% | 30.43% | 23.55% | 26.10% | 29.82% | 27.41% | 22.26% | 25.37% | 31.01% | 29.71% | 24.05% | 23.31% | 32.45% | 27.30% | 22.28% | 24.80% | 29.86% | 29.10% | 22.19% | 24.22% | 29.00% | 26.59% | 24.31% | 22.07% | 32.36% | 26.67% | 26.43% | 29.11% | 35.35% | 30.03% |
other expenses and (income) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 23,680,000 | 23,490,000 | 22,736,000 | 21,242,000 | 21,067,000 | 22,038,000 | 23,845,000 | 20,181,000 | 17,258,000 | 16,168,000 | 16,270,000 | 14,084,000 | 11,713,000 | 9,362,000 | 11,252,000 | 11,470,000 | 11,574,000 | 11,638,000 | 11,691,000 | 11,777,000 | 11,875,000 | 12,691,000 | 13,082,000 | 11,380,000 | 12,072,000 | 12,431,000 | 11,093,000 | 11,211,000 | 11,188,000 | 11,706,000 | 11,705,000 | 11,309,000 | 45,005,116 | 11,399 | 11,280 | 11,205 | 44,412,534 | 11,150 | 11,224 | 11,092,000 | 42,800,943 | 10,821 | 11,057,000 | 10,179,000 | 10,110,000 | 10,495,000 | 10,710,000 | 10,171,000 | 10,203,000 | 10,757,000 | 10,807,000 | 10,770,000 | 10,366,000 | 10,166,000 | 3,540,000 | 3,117,000 | 3,220,000 | 3,228,000 | 3,267,000 | 3,224,000 | 3,520,000 | 1,864,000 | 675,000 | 621,000 | 683,000 | 926,000 | 1,265,000 | 1,540,000 | 2,245,000 | 2,157,000 | 2,693,000 | 3,837,000 | 4,087,000 | 3,992,000 | 3,217,000 |
interest income | -1,787,000 | -1,435,000 | -1,456,000 | -1,559,000 | -2,089,000 | -2,411,000 | -2,415,000 | -1,731,000 | -1,928,000 | -1,897,000 | -2,056,000 | -1,883,000 | -2,032,000 | -2,348,000 | -1,628,000 | -1,280,000 | -1,264,000 | -1,202,000 | -1,234,000 | -1,281,000 | -1,411,000 | -1,744,000 | -2,245,000 | -2,288,000 | -2,379,000 | -2,220,000 | -2,784,000 | -2,613,000 | -2,234,000 | -1,966,000 | -1,643,000 | -1,609,000 | -5,915,723 | -1,575 | -1,438 | -1,264 | -3,532,498 | -836 | -827 | -839,000 | -1,579,018 | -359 | -277,000 | -346,000 | -556,000 | -355,000 | -347,000 | -503,000 | -568,000 | -676,000 | -659,000 | -644,000 | -384,000 | -425,000 | -394,000 | -337,000 | -369,000 | -506,000 | -221,000 | -210,000 | |||||||||||||||
gain from an acquisition of a joint venture | -100,025,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | -713,000 | 100,000 | -31,968 | -32 | 402,598 | 402 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 331,000 | 15,958,000 | 607,000 | 526,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other gains | -1,414,750 | -721,000 | -243,000 | -1,664,000 | -804,750 | -115,000 | -906,000 | -338,750 | -972,000 | -503,000 | -3,226,749 | -778 | -321 | -710,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net loss of affiliates | 3,289,000 | 10,904,000 | 80,000 | 51,000 | 155,000 | -185,000 | 63,000 | -453,000 | -1,075,000 | 40,000 | -244,000 | 14,384,000 | -3,326,000 | -1,179,000 | 5,997,000 | 8,117,000 | 1,731,000 | 3,486,000 | 1,955,000 | 25,000 | 6,400,000 | 980,000 | 2,171,000 | -35,000 | -43,000 | -567,000 | 5,968,000 | 4,542,787 | 274 | 859 | 2,080 | 899,893 | -329 | -85,000 | -421,000 | -60,000 | |||||||||||||||||||||||||||||||||||||||
total other expenses and (income) | 23,852,000 | -68,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 77,602,000 | 210,916,000 | 108,611,000 | 59,762,000 | 101,708,000 | 137,148,000 | 116,581,000 | 40,208,000 | 35,685,000 | 121,229,000 | 112,547,000 | 67,495,000 | 70,169,000 | 136,776,000 | 142,126,000 | 87,735,000 | 84,339,000 | 151,589,000 | 111,854,000 | 28,710,000 | 1,391,000 | 24,094,000 | -2,878,000 | 30,399,000 | 53,372,000 | 85,924,000 | 94,154,000 | 36,479,000 | 40,330,000 | 102,443,000 | 100,024,000 | 30,461,000 | 223,819,722 | 68,514 | 67,381 | 41,383 | 39,047 | 70,200 | 55,610 | 30,378,000 | 38,330,000 | 57,592,000 | 40,087,000 | 20,909,000 | 35,328,000 | 55,668,000 | 47,939,000 | 30,233,000 | 37,054,000 | 56,966,000 | 42,114,000 | 21,923,000 | 36,515,000 | 55,026,000 | 42,024,000 | 24,646,000 | 34,294,000 | 50,496,000 | 40,243,000 | 25,601,000 | 27,897,000 | 57,746,000 | 42,227,000 | 29,448,000 | 43,291,000 | 59,363,000 | 46,048,000 | ||||||||
income tax expense | 13,920,000 | 30,920,000 | 26,877,000 | 15,228,000 | 25,904,000 | 31,432,000 | 29,445,000 | 9,199,000 | 6,732,000 | 29,205,000 | 27,837,000 | 14,675,000 | 14,656,000 | 33,696,000 | 35,958,000 | 20,344,000 | 20,256,000 | 34,934,000 | 25,972,000 | 6,373,000 | -6,474,000 | 9,594,000 | -437,000 | -25,064,000 | 8,962,000 | 9,685,000 | 19,765,000 | 6,398,000 | 12,011,000 | 22,484,000 | |||||||||||||||||||||||||||||||||||||||||||||
net income | 63,682,000 | 179,996,000 | 81,734,000 | 44,534,000 | 75,804,000 | 105,716,000 | 87,136,000 | 31,009,000 | 28,953,000 | 92,024,000 | 84,710,000 | 52,820,000 | 55,513,000 | 103,080,000 | 106,168,000 | 67,391,000 | 64,083,000 | 116,655,000 | 85,882,000 | 22,337,000 | 7,865,000 | 14,500,000 | -2,441,000 | 55,463,000 | 42,169,000 | 76,239,000 | 74,389,000 | 30,081,000 | 31,471,000 | 79,959,000 | 79,839,000 | 25,086,000 | 114,771,666 | 47,595 | 44,995 | 28,744 | 139,263,450 | 47,565 | 38,822 | 19,598,000 | 127,930,174 | 41,419 | 35,813,000 | 21,594,000 | 25,285,000 | 39,365,000 | 35,400,000 | 18,972,000 | 27,332,000 | 41,512,000 | 28,234,000 | 15,523,000 | 24,451,000 | 44,377,000 | 31,862,000 | 19,997,000 | 24,786,000 | 42,302,000 | 27,578,000 | 15,730,000 | 24,143,000 | 40,494,000 | 27,011,000 | 15,793,000 | 23,631,000 | 32,808,000 | 25,503,000 | 16,308,000 | 18,711,000 | 35,915,000 | 27,008,000 | 18,577,000 | 27,947,000 | 38,394,000 | 28,645,000 |
yoy | -15.99% | 70.26% | -6.20% | 43.62% | 161.82% | 14.88% | 2.86% | -41.29% | -47.84% | -10.73% | -20.21% | -21.62% | -13.37% | -11.64% | 23.62% | 201.70% | 714.79% | 704.52% | -3618.31% | -59.73% | -81.35% | -80.98% | -103.28% | 84.38% | 33.99% | -4.65% | -6.83% | 19.91% | -72.58% | 167898.74% | 177339.72% | 87173.87% | -17.59% | 0.06% | 15.90% | -99.85% | 8.86% | 14.84% | -99.89% | -9.24% | 405.95% | -99.89% | 1.17% | 13.82% | -7.49% | -5.17% | 25.38% | 22.22% | 11.78% | -6.46% | -11.39% | -22.37% | -1.35% | 4.91% | 15.53% | 27.13% | 2.66% | 4.46% | 2.10% | -0.40% | 2.17% | 23.43% | 5.91% | -3.16% | 26.29% | -8.65% | -5.57% | -12.21% | -33.05% | -6.46% | -5.71% | ||||
qoq | -64.62% | 120.22% | 83.53% | -41.25% | -28.29% | 21.32% | 181.00% | 7.10% | -68.54% | 8.63% | 60.37% | -4.85% | -46.15% | -2.91% | 57.54% | 5.16% | -45.07% | 35.83% | 284.48% | 184.01% | -45.76% | -694.02% | -104.40% | 31.53% | -44.69% | 2.49% | 147.30% | -4.42% | -60.64% | 0.15% | 218.26% | -78.14% | 241042.28% | 5.78% | 56.54% | -99.98% | 292685.56% | 22.52% | -99.80% | -84.68% | 308768.33% | -99.88% | 65.85% | -14.60% | -35.77% | 11.20% | 86.59% | -30.59% | -34.16% | 47.03% | 81.88% | -36.51% | -44.90% | 39.28% | 59.33% | -19.32% | -41.41% | 53.39% | 75.32% | -34.85% | -40.38% | 49.92% | 71.03% | -33.17% | -27.97% | 28.64% | 56.38% | -12.84% | -47.90% | 32.98% | 45.38% | -33.53% | -27.21% | 34.03% | |
net income margin % | 16.32% | 40.24% | 19.17% | 13.38% | 19.45% | 24.70% | 20.02% | 9.34% | 8.08% | 21.62% | 19.82% | 15.87% | 15.34% | 24.88% | 28.85% | 26.15% | 22.51% | 36.07% | 30.85% | 12.21% | 4.07% | 6.88% | -1.61% | 25.42% | 15.73% | 24.54% | 23.42% | 13.78% | 12.85% | 27.43% | 27.02% | 11.98% | 11.40% | 16.13% | 16.26% | 14.52% | 15.07% | 17.78% | 16.06% | 9.46% | 14.89% | 17.15% | 15.43% | 12.32% | 13.64% | 18.30% | 17.91% | 12.88% | 15.13% | 18.60% | 15.38% | 11.34% | 13.71% | 21.09% | 18.35% | 15.48% | 14.94% | 22.00% | 16.68% | 13.64% | 15.58% | 22.03% | 18.03% | 14.70% | 16.80% | 19.77% | 17.79% | 14.29% | 12.11% | 18.78% | 16.16% | 14.42% | 16.92% | 21.76% | 18.16% |
basic earnings per share | 1.38 | 3.89 | 1.76 | 0.95 | 1.62 | 2.24 | 1.82 | 0.63 | 0.6 | 1.83 | 1.66 | 1.02 | 1.07 | 1.87 | 1.9 | 1.21 | 1.15 | 2.1 | 1.54 | 0.4 | 0.14 | 0.26 | -0.04 | 1 | 0.813 | 1.37 | 1.34 | 0.54 | 0.818 | 1.42 | 1.41 | 0.44 | 0.538 | 0.84 | 0.8 | 0.51 | 0.478 | 0.85 | 0.69 | 0.35 | 0.46 | 0.71 | 0.48 | 0.27 | 0.42 | 0.77 | 0.55 | 0.34 | 0.43 | 0.71 | 0.46 | 0.26 | 0.4 | 0.68 | 0.45 | 0.27 | 0.4 | 0.55 | 0.42 | 0.27 | 0.31 | 0.58 | 0.43 | 0.3 | 0.45 | 0.6 | 0.44 | ||||||||
diluted earnings per share | 1.38 | 3.86 | 1.75 | 0.94 | 1.59 | 2.22 | 1.8 | 0.62 | 0.6 | 1.81 | 1.65 | 1.02 | 1.06 | 1.85 | 1.89 | 1.2 | 1.14 | 2.08 | 1.53 | 0.4 | 0.14 | 0.26 | -0.04 | 0.99 | 0.808 | 1.36 | 1.33 | 0.54 | 0.81 | 1.41 | 1.4 | 0.44 | 0.535 | 0.84 | 0.79 | 0.51 | 0.475 | 0.84 | 0.68 | 0.35 | 0.46 | 0.7 | 0.48 | 0.26 | 0.42 | 0.76 | 0.55 | 0.34 | 0.42 | 0.71 | 0.46 | 0.26 | 0.4 | 0.68 | 0.45 | 0.26 | 0.39 | 0.55 | 0.42 | 0.27 | 0.3 | 0.57 | 0.43 | 0.3 | 0.44 | 0.59 | 0.43 | ||||||||
cash dividends declared per share | 0.216 | 0.288 | 0.288 | 0.288 | 0.216 | 0.288 | 0.288 | 0.288 | 0.216 | 0.288 | 0.288 | 0.288 | 0.178 | 0.238 | 0.238 | 0.238 | 0.113 | 0.225 | 0.225 | 0.056 | 0.225 | 0.161 | 0.215 | 0.215 | 0.215 | 0.161 | 0.215 | 0.215 | 0.215 | 0.161 | 0.215 | 0.215 | 0.215 | 0.154 | 0.205 | 0.205 | 0.205 | 0.146 | 0.195 | 0.195 | 0.195 | 0.139 | 0.185 | 0.185 | 0.139 | 0.185 | 0.185 | 0.185 | 0.185 | 0.185 | 0.185 | 0.185 | 0.185 | 0.185 | 0.185 | 0.185 | 0.185 | 0.185 | 0.17 | 0.17 | 0.17 | 0.17 | 0.15 | ||||||||||||
other expenses and income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other loss | -5,374,000 | 436,000 | 1,774,000 | -4,013,000 | 2,544,000 | 1,336,000 | -7,897,000 | 1,343,000 | -2,187,000 | -1,908,000 | -2,560,000 | 2,303,000 | 5,559,000 | -1,205,000 | -2,198,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expenses and income | 15,986,000 | 20,170,000 | 17,511,000 | 14,635,000 | 16,041,000 | 19,941,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
royalty, licensing and management fees | 120,138,000 | 147,151,000 | 141,813,000 | 105,467,000 | 116,909,000 | 148,512,000 | 140,499,000 | 107,492,000 | 115,551,000 | 144,020,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
initial franchise fees | 6,473,000 | 5,866,000 | 6,562,000 | 6,705,000 | 6,547,000 | 6,194,000 | 7,164,000 | 7,882,000 | 6,439,000 | 7,011,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
platform and procurement services fees | 17,692,000 | 16,178,000 | 28,126,000 | 13,756,000 | 16,928,000 | 15,542,000 | 28,801,000 | 13,843,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other revenues from franchised and managed properties | 200,801,000 | 212,976,000 | 215,200,000 | 164,673,000 | 181,606,000 | 217,634,000 | 214,304,000 | 170,616,000 | 189,321,000 | 197,410,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expenses from franchised and managed properties | 182,423,000 | 192,916,000 | 205,113,000 | 177,073,000 | 199,314,000 | 207,341,000 | 207,265,000 | 168,489,000 | 195,023,000 | 190,541,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net gain of affiliates | -3,241,000 | -1,310,000 | -7,933,000 | -480,750 | -1,801,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of business and assets | -439,000 | 13,379,000 | 3,280,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income and expenses | 9,002,750 | 13,813,000 | 11,842,000 | 10,356,000 | 6,668,000 | 8,242,000 | 15,223,000 | 11,662,000 | 7,493,750 | 7,517,000 | 7,170,000 | 15,288,000 | 15,406,000 | 26,972,000 | 10,738,000 | 15,931,000 | 15,263,000 | 16,496,000 | 8,383,000 | 8,571,000 | 11,711,000 | 8,725,000 | 8,992,000 | 15,788,000 | 40,405,431 | 9,320 | 10,125 | 11,124 | 38,884,755 | 8,418 | 9,332 | 12,495,000 | 7,985.75 | 11,535 | 10,038,000 | 10,370,000 | 7,647,750 | 11,028,000 | 9,919,000 | 9,644,000 | 7,187,250 | 8,957,000 | 10,235,000 | 9,557,000 | 3,517,000 | 9,585,000 | 3,651,000 | 832,000 | 3,049,500 | 5,434,000 | 3,008,000 | 3,756,000 | 156,250 | -149,000 | 1,583,000 | -809,000 | -587,500 | -2,371,000 | -2,133,000 | 2,154,000 | 2,769,500 | 4,123,000 | 2,351,000 | 4,604,000 | 1,628,250 | 2,996,000 | 1,315,000 | ||||||||
procurement services | 15,913,000 | 14,401,000 | 21,803,000 | 11,683,000 | 14,100,000 | 13,010,000 | 12,092,000 | 11,191,000 | 10,633,000 | 10,115,000 | 10,697,000 | 13,797,000 | 13,839,000 | 14,814,000 | 20,829,000 | 11,947,000 | 12,697,000 | 11,620,000 | 17,833,000 | 9,938,000 | 34,635,353 | 8,103 | 11,068 | 6,476 | 31,202,281 | 7,615 | 10,308 | 5,796,000 | 27,051,333 | 6,271 | 8,589,000 | 4,807,000 | 5,526,000 | 5,495,000 | 8,020,000 | 4,778,000 | 4,464,000 | 4,708,000 | 7,546,000 | 3,950,000 | 3,972,000 | 3,839,000 | 6,836,000 | 3,315,000 | 3,913,000 | 3,984,000 | 6,557,000 | 3,165,000 | 3,595,000 | 3,756,000 | 6,611,000 | 3,245,000 | 3,514,000 | 3,922,000 | 6,772,000 | 3,390,000 | 3,498,000 | 3,836,000 | |||||||||||||||||
royalty fees | 121,449,000 | 90,739,000 | 97,612,000 | 127,317,000 | 106,242,000 | 66,047,000 | 63,151,000 | 79,666,000 | 50,152,000 | 70,339,000 | 87,683,000 | 113,688,000 | 106,427,000 | 80,353,000 | 85,750,000 | 111,009,000 | 103,219,000 | 76,698,000 | 345,036,273 | 104,252 | 92,486 | 68,989 | 320,299,832 | 96,114 | 86,195 | 64,859,000 | 301,274,457 | 89,929 | 81,183,000 | 62,431,000 | 65,237,000 | 86,091,000 | 77,670,000 | 51,681,000 | 66,007,000 | 83,107,000 | 68,379,000 | 49,736,000 | 66,020,000 | 80,845,000 | 66,064,000 | 47,853,000 | 63,344,000 | 77,355,000 | 62,301,000 | 44,240,000 | 59,067,000 | 72,565,000 | 57,443,000 | 41,021,000 | 53,213,000 | 66,401,000 | 54,929,000 | 43,441,000 | 59,284,000 | 76,595,000 | 63,776,000 | 47,780,000 | 60,623,000 | 73,219,000 | 59,176,000 | ||||||||||||||
initial franchise and relicensing fees | 6,222,000 | 8,402,000 | 7,438,000 | 6,149,000 | 7,328,000 | 5,427,000 | 5,875,000 | 6,071,000 | 6,676,000 | 7,284,000 | 7,266,000 | 6,741,000 | 6,675,000 | 6,807,000 | 7,115,000 | 6,262,000 | 6,481,000 | 6,214,000 | 26,243,610 | 6,403 | 6,981 | 5,006 | 23,935,854 | 6,284 | 5,706 | 5,156,000 | 24,662,297 | 6,170 | 5,816,000 | 5,717,000 | 6,720,000 | 4,299,000 | 4,722,000 | 3,740,000 | 5,843,000 | 4,650,000 | 4,416,000 | 3,777,000 | 5,250,000 | 3,247,000 | 3,178,000 | 2,528,000 | 4,889,000 | 3,469,000 | 2,585,000 | 2,614,000 | 2,758,000 | 1,970,000 | 2,655,000 | 1,912,000 | 3,317,000 | 2,957,000 | 3,993,000 | 2,649,000 | 6,729,000 | 7,012,000 | 8,146,000 | 6,044,000 | 11,907,000 | 8,902,000 | 7,649,000 | ||||||||||||||
marketing and reservation system | 189,382,000 | 126,637,000 | 144,463,000 | 156,871,000 | 135,988,000 | 91,521,000 | 105,365,000 | 107,141,000 | 79,677,000 | 110,385,000 | 137,873,000 | 157,024,000 | 172,465,000 | 110,064,000 | 126,962,000 | 152,367,000 | 157,347,000 | 107,001,000 | 566,647,727 | 167,763 | 158,035 | 109,475 | 525,303,807 | 152,018 | 133,814 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of asset | 29,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other losses | 1,716,000 | -726,500 | 407,000 | -2,108,000 | -3,585,000 | 4,277,000 | 120,000 | -576 | -897 | -251.25 | -746 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on impairment of assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill | -3,097,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on asset dispositions and impairments | -1,379,000 | -4,290,000 | -1,226,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of business | -8,000 | -25,000 | -4,641,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for credit losses | 7,849,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of long-lived assets | 12,000 | 33,000 | -7,304,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of land and building | 20,500 | 82,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 20,185,000 | 5,375,000 | 109,048,056 | 20,919 | 22,386 | 12,639 | 60,560,362 | 22,635 | 16,788 | 10,780,000 | 55,908,645 | 20,849 | 17,066,000 | 9,440,000 | 10,729,000 | 16,542,000 | 14,955,000 | 7,711,000 | 10,998,000 | 16,080,000 | 11,853,000 | 5,386,000 | 10,877,000 | 11,291,000 | 16,077,000 | 10,236,000 | 12,268,000 | 14,664,000 | 14,536,000 | 6,193,000 | 12,372,000 | 14,532,000 | 15,013,000 | 8,853,000 | 10,663,000 | 17,688,000 | 14,740,000 | 9,293,000 | 9,186,000 | 21,831,000 | 15,219,000 | 10,871,000 | 15,344,000 | 20,969,000 | 17,403,000 | ||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income and expenses, net: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net losses of affiliates | 71.5 | -1,150 | -744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketing and reservation | 126,361,000 | 488,396,702 | 134,463 | 133,122,000 | 98,713,000 | 103,594,000 | 115,653,000 | 103,766,000 | 84,012,000 | 100,718,000 | 126,296,000 | 99,645,000 | 76,440,000 | 100,160,000 | 119,062,000 | 94,633,000 | 70,929,000 | 90,844,000 | 104,393,000 | 90,832,000 | 62,967,000 | 87,150,000 | 102,867,000 | 80,389,000 | 58,840,000 | 77,576,000 | 90,465,000 | 75,296,000 | 62,042,000 | 81,904,000 | 100,811,000 | 85,336,000 | 68,426,000 | 86,181,000 | 86,795,000 | 81,810,000 | |||||||||||||||||||||||||||||||||||||||
other (gains) and losses | 62,000 | -59.75 | 1,402 | -1,173,000 | -468,000 | -39,500 | 375,000 | -474,000 | -59,000 | -514,000 | -703,000 | 147,000 | 148,000 | -511,000 | 377,000 | -2,003,000 | -1,236,000 | 2,673,000 | -38,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net incomees of affiliates | 2,180,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 183,838,819 | 62,268 | 52,879,000 | 31,034,000 | 36,038,000 | 55,958,000 | 50,234,000 | 25,042,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations, net of income taxes | 127,930,174 | 41,419 | 35,813,000 | 21,594,000 | 25,309,000 | 39,416,000 | 35,279,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income taxes | -24,000 | -51,000 | 121,000 | 1,641,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | 0.52 | 0.72 | 0.62 | 0.38 | 0.43 | 0.67 | 0.61 | 0.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | 0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net income of affiliates | 431,000 | 1,005,000 | 35,000 | 141,000 | -301,000 | -336,000 | -342,000 | -195,000 | -353,000 | -334,000 | -336,000 | -225,000 | -218,000 | -476,000 | -436,000 | -201,000 | -301,000 | -393,000 | -462,000 | -181,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net (income) loss of affiliates | 80,000 | 513,000 | 30,000 | 3,000 | -171,000 | 128,000 | 55,000 | -65,500 | 39,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 17,331,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hotel operations | 1,174,000 | 1,310,000 | 1,334,000 | 956,000 | 1,133,000 | 1,238,000 | 1,224,000 | 978,000 | 1,183,000 | 1,236,000 | 1,073,000 | 864,000 | 987,000 | 1,068,000 | 1,109,000 | 867,000 | 909,000 | 934,000 | 1,179,000 | 1,118,000 | 1,253,000 | 1,353,000 | 1,288,000 | 1,042,000 | 1,207,000 | 1,196,000 | 1,193,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other gains and losses | 1,043,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other investment income | -411,250 | -1,671,000 | 1,106,000 | -534,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other investment (income) loss | 1,103,000 | -1,077,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding – basic | 59,592,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding – diluted | 59,676,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding-basic | 59,514,000 | 60,068,000 | 59,733,000 | 60,467,000 | 60,532,000 | 61,853,000 | 62,316,000 | 62,181,000 | 61,751,000 | 64,213,000 | 63,556,000 | 65,475,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding-diluted | 59,600,000 | 60,224,000 | 59,818,000 | 60,598,000 | 60,851,000 | 62,521,000 | 62,887,000 | 62,863,000 | 62,596,000 | 65,331,000 | 64,602,000 | 66,599,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other investment loss | -1,325,500 | -2,961,000 | -3,173,000 | 832,000 | 4,431,000 | 2,402,000 | -141,000 | 1,068,000 | -1,721,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
brand solutions | 6,472,000 | 3,342,000 | 3,680,000 | 3,622,000 | 5,995,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 44,997,000 | 52,583,000 | 58,610,000 | 40,054,000 | 40,177,000 | 58,565,000 | 60,409,000 | 42,111,000 | 26,754,000 | 36,432,000 | 36,167,000 | 31,679,000 | 41,566,000 | 52,541,000 | 607,185,000 | 527,209,000 | 511,605,000 | 415,116,000 | 307,975,000 | 222,961,000 | 234,779,000 | 191,967,000 | 314,139,000 | 321,954,000 | 33,766,000 | 31,569,000 | 34,407,000 | 31,810,000 | 26,642,000 | 30,916,000 | 37,148,000 | 36,834,000 | 235,336,000 | 238,848,000 | 197,957,000 | 187,472,000 | 202,463,000 | 205,953,000 | 207,888,000 | 194,072,000 | 193,441,000 | 199,261,000 | 230,650,000 | 200,544,000 | 214,879,000 | 244,392,000 | 211,542,000 | 174,878,000 | 167,795,000 | 161,138,000 | 143,790,000 | 140,225,000 | 134,177,000 | 115,064,000 | 485,390,000 | 91,312,000 | 107,057,000 | 124,734,000 | 90,961,000 | 76,405,000 | 91,259,000 | 79,548,000 | 70,926,000 | 65,593,000 | 67,870,000 | 63,645,000 | 61,810,000 | 57,395,000 | 52,680,000 | 62,527,000 | 56,545,000 | 51,318,000 | 46,377,000 | 47,354,000 | 47,330,000 |
accounts receivable | 207,491,000 | 236,499,000 | 218,473,000 | 194,269,000 | 176,672,000 | 210,925,000 | 235,384,000 | 225,173,000 | 195,896,000 | 223,781,000 | 220,100,000 | 214,103,000 | 216,614,000 | 297,628,000 | 203,890,000 | 175,051,000 | 153,147,000 | 197,999,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes receivable | 13,456,000 | 20,382,000 | 8,116,000 | 4,139,000 | 5,419,000 | 4,205,000 | 9,695,000 | 8,559,000 | 14,283,000 | 5,743,000 | 5,141,000 | 4,736,000 | 4,759,000 | 508,000 | 3,123,000 | 4,211,000 | 12,511,000 | 346,000 | 2,791,000 | 4,186,000 | 4,470,000 | 8,909,000 | 10,553,000 | 11,126,000 | 4,651,000 | 3,674,000 | 2,541,000 | 10,122,000 | 308,000 | 50,000 | 664,000 | 19,676,000 | 59,000 | 446,000 | 316,000 | 277,000 | 500,000 | 7,134,000 | 5,486,000 | 267,000 | 1,458,000 | 928,000 | 2,732,000 | 1,450,000 | 992,000 | 388,000 | 3,181,000 | 1,698,000 | |||||||||||||||||||||||||||
notes receivable | 94,686,000 | 95,509,000 | 74,677,000 | 75,614,000 | 75,501,000 | 22,081,000 | 21,686,000 | 22,012,000 | 20,766,000 | 52,726,000 | 52,909,000 | 53,093,000 | 52,466,000 | 52,381,000 | 53,760,000 | 54,746,000 | 54,453,000 | 71,334,000 | 70,887,000 | 38,286,000 | 28,227,000 | 28,860,000 | 34,077,000 | 27,237,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 45,368,000 | 45,374,000 | 40,803,000 | 44,123,000 | 41,317,000 | 42,826,000 | 30,537,000 | 40,646,000 | 38,831,000 | 34,130,000 | 33,817,000 | 37,477,000 | 32,517,000 | 56,091,000 | 115,651,000 | 26,801,000 | 29,945,000 | 26,520,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets | 405,998,000 | 450,347,000 | 400,679,000 | 358,199,000 | 339,086,000 | 338,602,000 | 448,157,000 | 338,501,000 | 296,530,000 | 352,812,000 | 348,134,000 | 341,088,000 | 347,922,000 | 459,149,000 | 983,609,000 | 788,018,000 | 761,661,000 | 710,969,000 | 607,540,000 | 445,144,000 | 432,914,000 | 415,570,000 | 524,479,000 | 531,279,000 | 236,589,000 | 260,264,000 | 276,864,000 | 250,671,000 | 243,784,000 | 280,615,000 | 283,152,000 | 231,845,000 | 402,933,000 | 455,323,000 | 380,227,000 | 342,862,000 | 344,873,000 | 371,929,000 | 378,043,000 | 338,116,000 | 310,953,000 | 359,533,000 | 397,577,000 | 357,272,000 | 351,414,000 | 405,426,000 | 385,003,000 | 277,714,000 | 258,646,000 | 258,267,000 | 255,704,000 | 239,773,000 | 233,470,000 | 214,677,000 | 583,873,000 | 178,478,000 | 194,796,000 | 209,757,000 | 171,464,000 | 147,868,000 | 163,582,000 | 165,190,000 | 150,230,000 | 132,296,000 | 127,862,000 | 135,813,000 | 126,989,000 | 116,701,000 | 120,216,000 | 145,488,000 | 129,111,000 | 111,653,000 | 105,951,000 | 119,956,000 | 111,474,000 |
property and equipment | 649,291,000 | 628,260,000 | 660,762,000 | 631,609,000 | 604,345,000 | 580,021,000 | 541,194,000 | 517,903,000 | 493,478,000 | 469,771,000 | 427,306,000 | 377,367,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets | 77,670,000 | 79,029,000 | 79,745,000 | 81,858,000 | 83,451,000 | 81,987,000 | 83,359,000 | 84,869,000 | 85,101,000 | 90,474,000 | 63,902,000 | 66,398,000 | 68,985,000 | 70,533,000 | 29,669,000 | 31,869,000 | 34,183,000 | 10,655,000 | 13,163,000 | 15,312,000 | 17,688,000 | 19,774,000 | 21,700,000 | 23,689,000 | 24,088,000 | 26,251,000 | 25,574,000 | 27,997,000 | |||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 305,758,000 | 304,511,000 | 220,187,000 | 220,187,000 | 220,187,000 | 220,187,000 | 220,187,000 | 220,187,000 | 220,187,000 | 220,187,000 | 220,187,000 | 220,187,000 | 218,653,000 | 227,703,000 | 159,196,000 | 159,196,000 | 159,196,000 | 159,196,000 | 159,196,000 | 159,196,000 | 159,196,000 | 159,196,000 | 159,196,000 | 159,196,000 | 159,196,000 | 159,197,000 | 159,197,000 | 165,623,000 | 168,996,000 | 173,641,000 | 173,741,000 | 174,538,000 | 80,757,000 | 80,519,000 | 80,036,000 | 79,073,000 | 78,905,000 | 79,799,000 | 79,629,000 | 79,982,000 | 79,327,000 | 79,495,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 66,006,000 | 65,996,000 | 66,013,000 | 66,005,000 | 66,021,000 | 66,041,000 | 66,042,000 | 66,041,000 | 66,040,000 | 66,033,000 | 66,040,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 | 65,813,000 |
intangible assets | 1,082,486,000 | 1,045,510,000 | 882,490,000 | 880,793,000 | 884,013,000 | 863,811,000 | 833,016,000 | 821,029,000 | 811,075,000 | 781,101,000 | 764,377,000 | 750,179,000 | 742,190,000 | 723,617,000 | 319,922,000 | 311,079,000 | 312,389,000 | 306,008,000 | 307,559,000 | 306,868,000 | 303,725,000 | 290,913,000 | 291,198,000 | 292,030,000 | 290,421,000 | 279,484,000 | 272,208,000 | 264,690,000 | 271,188,000 | 263,923,000 | 248,469,000 | 246,925,000 | 14,672,000 | 14,749,000 | 15,101,000 | 15,301,000 | 15,738,000 | ||||||||||||||||||||||||||||||||||||||
investments for employee benefit plans, at fair value | 50,227,000 | 49,017,000 | 48,205,000 | 44,176,000 | 47,603,000 | 47,788,000 | 45,270,000 | 43,747,000 | 39,751,000 | 35,815,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in affiliates | 134,975,000 | 134,424,000 | 125,480,000 | 122,116,000 | 117,016,000 | 109,732,000 | 80,555,000 | 78,782,000 | 70,579,000 | 55,081,000 | 44,946,000 | 33,216,000 | 30,647,000 | 29,694,000 | 27,789,000 | 28,126,000 | 27,967,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 75,371,000 | 87,975,000 | 107,655,000 | 107,712,000 | 108,308,000 | 110,643,000 | 92,159,000 | 90,167,000 | 89,535,000 | 92,410,000 | 86,006,000 | 80,593,000 | 88,182,000 | 90,847,000 | 74,049,000 | 71,795,000 | 68,643,000 | 101,922,000 | 71,161,000 | 69,094,000 | 67,745,000 | 54,240,000 | 49,878,000 | 49,346,000 | 20,747,000 | 27,245,000 | 28,144,000 | 32,850,000 | 30,613,000 | 32,730,000 | 23,310,000 | 24,601,000 | 13,335,000 | 7,835,000 | 54,030,000 | 54,592,000 | 52,812,000 | 47,002,000 | 38,631,000 | 36,536,000 | 42,434,000 | 26,193,000 | 26,734,000 | 25,674,000 | 23,860,000 | 26,258,000 | 29,733,000 | 7,220,000 | 7,220,000 | 4,136,000 | 4,136,000 | 4,136,000 | 4,136,000 | 22,962,000 | 22,017,000 | 23,549,000 | 429,000 | 429,000 | 429,000 | 429,000 | 7,980,000 | 7,980,000 | 7,980,000 | 7,980,000 | 8,223,000 | 8,223,000 | 8,223,000 | 8,223,000 | 6,673,000 | 1,982,000 | 2,169,000 | 2,387,000 | 3,062,000 | 3,061,000 | |
other assets | 123,937,000 | 112,193,000 | 105,345,000 | 98,106,000 | 93,836,000 | 91,553,000 | 97,139,000 | 92,696,000 | 93,289,000 | 84,755,000 | 87,158,000 | 89,140,000 | 91,068,000 | 86,507,000 | 84,976,000 | 85,173,000 | 90,021,000 | 83,415,000 | 85,855,000 | 87,804,000 | 88,396,000 | 94,619,000 | 93,129,000 | 94,942,000 | 97,442,000 | 88,804,000 | 84,145,000 | 84,543,000 | 84,400,000 | 80,037,000 | 49,029,000 | 49,120,000 | 29,479,000 | 28,475,000 | 52,268,000 | 63,420,000 | 53,657,000 | 50,663,000 | 61,115,000 | 55,295,000 | 16,907,000 | 64,010,000 | 60,329,000 | 64,361,000 | 65,296,000 | 60,663,000 | 58,116,000 | 55,253,000 | 84,036,000 | 88,204,000 | 79,887,000 | 76,349,000 | 76,013,000 | 53,271,000 | 42,797,000 | 31,173,000 | 29,284,000 | 23,089,000 | 20,893,000 | 20,298,000 | 15,305,000 | 12,058,000 | 9,647,000 | 9,349,000 | 9,230,000 | 9,819,000 | 10,034,000 | 10,355,000 | 9,926,000 | 10,067,000 | 9,314,000 | 11,452,000 | 11,279,000 | 10,756,000 | 10,797,000 |
total assets | 2,918,203,000 | 2,907,534,000 | 2,664,762,000 | 2,577,588,000 | 2,530,527,000 | 2,544,046,000 | 2,518,907,000 | 2,475,078,000 | 2,394,799,000 | 2,232,237,000 | 2,150,323,000 | 2,106,223,000 | 2,102,175,000 | 2,188,983,000 | 2,076,841,000 | 1,972,028,000 | 1,931,824,000 | 1,865,934,000 | 1,728,794,000 | 1,584,138,000 | 1,587,333,000 | 1,570,146,000 | 1,686,041,000 | 1,703,952,000 | 1,386,672,000 | 1,374,262,000 | 1,214,277,000 | 1,173,816,000 | 1,138,370,000 | 1,161,037,000 | 1,123,016,000 | 1,052,017,000 | 927,607,000 | 961,192,000 | 947,973,000 | 904,132,000 | 852,468,000 | 846,276,000 | 843,390,000 | 787,263,000 | 717,010,000 | 712,762,000 | 702,593,000 | 661,122,000 | 647,270,000 | 664,187,000 | 628,442,000 | 554,900,000 | 539,899,000 | 555,709,000 | 562,712,000 | 545,973,000 | 510,772,000 | 483,071,000 | 857,738,000 | 443,232,000 | 447,689,000 | 467,921,000 | 441,305,000 | 412,373,000 | 411,722,000 | 403,307,000 | 390,208,000 | 360,640,000 | 340,037,000 | 353,028,000 | 357,921,000 | 333,714,000 | 328,219,000 | 349,930,000 | 348,755,000 | 338,410,000 | 328,384,000 | 337,821,000 | 332,044,000 |
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 156,276,000 | 154,224,000 | 142,870,000 | 121,627,000 | 134,865,000 | 152,781,000 | 151,086,000 | 135,297,000 | 131,284,000 | 124,113,000 | 120,977,000 | 93,135,000 | 118,863,000 | 129,856,000 | 106,427,000 | 89,826,000 | 81,169,000 | 88,056,000 | 90,407,000 | 70,980,000 | 83,329,000 | 80,191,000 | 57,814,000 | 68,987,000 | 73,449,000 | 84,512,000 | 96,752,000 | 72,086,000 | 73,511,000 | 71,684,000 | 72,266,000 | 62,730,000 | 63,540,000 | 68,261,000 | 67,736,000 | 59,090,000 | 48,071,000 | 60,363,000 | 74,925,000 | 60,619,000 | 64,431,000 | 59,922,000 | 72,207,000 | 54,631,000 | 57,124,000 | 64,110,000 | 50,892,000 | 44,818,000 | 41,663,000 | 40,758,000 | 54,572,000 | 59,429,000 | 38,714,000 | 44,245,000 | 45,548,000 | 45,128,000 | 38,389,000 | 44,529,000 | 46,833,000 | 38,730,000 | 41,168,000 | 40,304,000 | 42,735,000 | 37,287,000 | 33,859,000 | 40,067,000 | 43,445,000 | 32,446,000 | 41,648,000 | 38,987,000 | 46,730,000 | 41,884,000 | 55,288,000 | 41,271,000 | 41,545,000 |
accrued expenses and other current liabilities | 125,282,000 | 114,902,000 | 116,569,000 | 100,767,000 | 136,729,000 | 122,172,000 | 96,583,000 | 70,164,000 | 109,248,000 | 96,523,000 | 98,791,000 | 78,842,000 | 131,410,000 | 125,227,000 | 100,631,000 | 81,265,000 | 104,472,000 | 129,173,000 | 103,160,000 | 65,687,000 | 78,920,000 | 67,699,000 | 59,258,000 | 65,939,000 | 90,364,000 | 73,680,000 | 73,851,000 | 66,966,000 | 92,651,000 | 78,591,000 | 73,940,000 | 58,953,000 | 85,838,000 | 66,515,000 | 65,837,000 | 54,010,000 | 80,388,000 | 59,577,000 | 64,144,000 | 46,616,000 | 70,648,000 | 50,683,000 | |||||||||||||||||||||||||||||||||
deferred revenue | 100,698,000 | 109,451,000 | 105,761,000 | 115,785,000 | 102,114,000 | 103,194,000 | 105,928,000 | 116,003,000 | 108,316,000 | 107,802,000 | 95,658,000 | 103,599,000 | 92,695,000 | 85,863,000 | 79,767,000 | 89,724,000 | 81,538,000 | 80,607,000 | 63,394,000 | 52,701,000 | 50,290,000 | 51,487,000 | 49,983,000 | 60,442,000 | 71,594,000 | 77,337,000 | 68,695,000 | 77,065,000 | 67,614,000 | 65,810,000 | 58,190,000 | 62,247,000 | 141,111,000 | 136,956,000 | 135,350,000 | 145,833,000 | 133,218,000 | 121,592,000 | 113,763,000 | 112,076,000 | 71,587,000 | 68,439,000 | 70,402,000 | 73,908,000 | 66,382,000 | 65,839,000 | 67,365,000 | 69,155,000 | 61,188,000 | 61,401,000 | 67,757,000 | 76,316,000 | 71,154,000 | 76,949,000 | 64,422,000 | 70,830,000 | 68,825,000 | 76,643,000 | 60,898,000 | 72,039,000 | 67,322,000 | 71,296,000 | 57,226,000 | 60,934,000 | 51,765,000 | 52,456,000 | 53,135,000 | 55,966,000 | 47,004,000 | 49,897,000 | 52,796,000 | 54,566,000 | 48,660,000 | 47,087,000 | 48,984,000 |
liability for guest loyalty program | 85,035,000 | 89,965,000 | 86,729,000 | 89,237,000 | 89,013,000 | 100,639,000 | 98,493,000 | 89,954,000 | 78,955,000 | 86,212,000 | 86,765,000 | 76,541,000 | 59,014,000 | 54,432,000 | 43,308,000 | 46,066,000 | 44,525,000 | 52,717,000 | 82,970,000 | 80,268,000 | 81,202,000 | 86,666,000 | 83,566,000 | 82,346,000 | 81,178,000 | 84,075,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 467,291,000 | 468,542,000 | 451,929,000 | 427,416,000 | 462,721,000 | 478,786,000 | 452,090,000 | 919,512,000 | 942,690,000 | 418,994,000 | 406,686,000 | 369,574,000 | 435,898,000 | 426,383,000 | 582,351,000 | 563,513,000 | 570,295,000 | 590,594,000 | 315,975,000 | 243,800,000 | 255,847,000 | 252,420,000 | 218,737,000 | 255,420,000 | 325,888,000 | 316,304,000 | 321,008,000 | 303,871,000 | 318,439,000 | 299,530,000 | 286,673,000 | 269,270,000 | 294,497,000 | 273,034,000 | 276,361,000 | 274,081,000 | 263,668,000 | 258,495,000 | 259,297,000 | 220,327,000 | 208,016,000 | 191,118,000 | 201,686,000 | 181,888,000 | 200,098,000 | 199,457,000 | 200,663,000 | 168,257,000 | 174,338,000 | 179,111,000 | 180,646,000 | 182,991,000 | 176,137,000 | 207,174,000 | 181,740,000 | 176,355,000 | 184,565,000 | 181,797,000 | 165,001,000 | 149,741,000 | 165,258,000 | 176,715,000 | 441,612,000 | 138,634,000 | 131,806,000 | 149,231,000 | 149,956,000 | 127,482,000 | 135,067,000 | 153,096,000 | 145,104,000 | 137,926,000 | 147,516,000 | 151,086,000 | 144,879,000 |
long-term debt | 1,906,122,000 | 1,918,504,000 | 1,900,116,000 | 1,874,821,000 | 1,768,526,000 | 1,810,731,000 | 1,868,425,000 | 1,195,730,000 | 1,068,751,000 | 1,391,272,000 | 1,384,293,000 | 1,374,814,000 | 1,200,547,000 | 1,155,142,000 | 844,729,000 | 844,426,000 | 844,123,000 | 843,820,000 | 1,059,602,000 | 1,059,169,000 | 1,058,738,000 | 1,058,309,000 | 1,232,136,000 | 1,208,945,000 | 844,102,000 | 875,843,000 | 784,280,000 | 804,730,000 | 753,514,000 | 781,433,000 | 795,124,000 | 795,745,000 | 725,292,000 | 800,001,000 | 862,965,000 | 862,389,000 | 839,409,000 | 866,247,000 | 901,352,000 | 892,447,000 | 812,945,000 | 815,858,000 | 800,035,000 | 799,628,000 | 782,082,000 | 774,756,000 | 777,536,000 | 795,497,000 | 783,471,000 | 815,957,000 | 858,273,000 | 863,114,000 | 847,150,000 | 808,911,000 | 651,717,000 | 257,780,000 | 252,032,000 | 252,320,000 | 251,981,000 | 260,007,000 | 251,554,000 | 251,613,000 | 293,900,000 | 277,700,000 | 292,300,000 | 304,100,000 | 309,800,000 | 284,400,000 | 234,400,000 | 264,300,000 | 279,195,000 | 272,378,000 | 269,962,000 | 199,146,000 | |
long-term deferred revenue | 130,505,000 | 134,622,000 | 128,616,000 | 131,031,000 | 132,259,000 | 132,332,000 | 132,170,000 | 132,274,000 | 133,501,000 | 135,009,000 | 131,873,000 | 132,520,000 | 134,149,000 | 134,171,000 | 107,690,000 | 108,165,000 | 105,785,000 | 106,410,000 | 113,392,000 | 114,279,000 | 122,406,000 | 122,285,000 | 124,152,000 | 126,656,000 | 112,662,000 | 110,997,000 | 108,128,000 | 111,113,000 | 110,278,000 | 107,370,000 | 103,754,000 | 96,351,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred compensation and retirement plan obligations | 56,532,000 | 55,014,000 | 54,040,000 | 49,869,000 | 53,316,000 | 53,361,000 | 50,676,000 | 49,021,000 | 45,657,000 | 41,200,000 | 41,283,000 | 40,420,000 | 36,673,000 | 43,053,000 | 34,468,000 | 38,893,000 | 38,690,000 | 35,958,000 | 36,010,000 | 33,114,000 | 33,756,000 | 31,039,000 | 29,590,000 | 25,869,000 | 29,949,000 | 28,306,000 | 28,029,000 | 26,879,000 | 24,212,000 | 26,137,000 | 24,866,000 | 24,513,000 | 25,566,000 | 24,355,000 | 23,927,000 | 23,044,000 | 21,595,000 | 20,890,000 | 20,873,000 | 22,415,000 | 22,859,000 | 174,000 | 174,000 | 177,000 | 628,000 | 620,000 | 579,000 | 573,000 | 2,492,000 | 2,439,000 | 2,393,000 | 2,361,000 | 2,522,000 | 17,870,000 | 19,276,000 | 19,184,000 | 18,935,000 | 2,720,000 | 2,693,000 | 2,573,000 | 2,552,000 | 2,510,000 | 2,461,000 | 3,086,000 | 2,798,000 | 2,190,000 | 2,961,000 | 2,808,000 | 6,960,000 | 11,033,000 | 8,952,000 | 233,000 | 1,002,000 | 3,384,000 | 3,343,000 |
operating lease liabilities | 107,963,000 | 109,782,000 | 111,239,000 | 112,254,000 | 113,255,000 | 109,930,000 | 110,266,000 | 110,529,000 | 109,483,000 | 109,746,000 | 68,785,000 | 69,708,000 | 70,994,000 | 70,564,000 | 30,355,000 | 32,549,000 | 35,492,000 | 5,666,000 | 7,822,000 | 10,212,000 | 12,739,000 | 15,037,000 | 17,288,000 | 20,196,000 | 21,270,000 | 23,768,000 | 23,594,000 | 27,470,000 | |||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 3,487,000 | 5,701,000 | 5,484,000 | 5,337,000 | 5,114,000 | 8,261,000 | 7,665,000 | 7,392,000 | 7,252,000 | 10,682,000 | 7,795,000 | 8,277,000 | 6,391,000 | 10,564,000 | 7,357,000 | 6,845,000 | 9,130,000 | 10,462,000 | 9,827,000 | 9,507,000 | 9,134,000 | 9,289,000 | 6,677,000 | 3,282,000 | 3,467,000 | 6,387,000 | 3,465,000 | 4,766,000 | 37,096,000 | 38,285,000 | 38,918,000 | 45,265,000 | 65,274,000 | 64,182,000 | 37,337,000 | 36,966,000 | 38,853,000 | 37,367,000 | 34,975,000 | 37,160,000 | 68,583,000 | 82,490,000 | 62,102,000 | 68,840,000 | 69,904,000 | 63,871,000 | 39,493,000 | 23,392,000 | 23,808,000 | 24,146,000 | 23,700,000 | 19,257,000 | 15,990,000 | 16,391,000 | 16,042,000 | 15,633,000 | 16,060,000 | 14,427,000 | 17,296,000 | 16,995,000 | 17,274,000 | 15,894,000 | 12,283,000 | 9,195,000 | 9,787,000 | 8,753,000 | 10,367,000 | 9,537,000 | 12,960,000 | 18,568,000 | 17,982,000 | 18,552,000 | 22,419,000 | 23,482,000 | 18,329,000 |
total liabilities | 2,736,974,000 | 2,757,760,000 | 2,691,000,000 | 2,641,522,000 | 2,575,798,000 | 2,640,198,000 | 2,665,686,000 | 2,468,351,000 | 2,359,201,000 | 2,159,824,000 | 2,095,632,000 | 2,059,215,000 | 1,947,515,000 | 1,904,472,000 | 1,660,116,000 | 1,657,383,000 | 1,665,942,000 | 1,653,788,000 | 1,623,861,000 | 1,564,903,000 | 1,593,085,000 | 1,591,550,000 | 1,728,793,000 | 1,747,806,000 | 1,410,183,000 | 1,430,997,000 | 1,336,937,000 | 1,359,293,000 | 1,322,142,000 | 1,329,116,000 | 1,326,968,000 | 1,311,934,000 | 1,139,709,000 | 1,161,572,000 | 1,200,590,000 | 1,196,619,000 | 1,163,817,000 | 1,183,718,000 | 1,217,218,000 | 1,173,128,000 | 1,112,909,000 | 1,113,405,000 | 1,088,060,000 | 1,074,615,000 | 1,076,071,000 | 1,061,202,000 | 1,040,952,000 | 1,009,533,000 | 1,004,144,000 | 1,040,433,000 | 1,082,733,000 | 1,085,302,000 | 1,059,676,000 | 1,052,468,000 | 868,981,000 | 469,408,000 | 473,250,000 | 482,362,000 | 469,247,000 | 461,403,000 | 469,793,000 | 478,801,000 | 487,243,000 | 475,594,000 | 454,249,000 | 485,938,000 | 499,275,000 | 479,916,000 | 465,889,000 | 440,437,000 | 463,955,000 | 480,221,000 | 485,445,000 | 486,820,000 | 403,897,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 951,000 | 576,000 | 576,000 | 573,000 | 582,000 | 584,000 | 584,000 | 586,000 | 586,000 | 585,000 | 585,000 | 582,000 | 581,000 | 580,000 | 581,000 | 583,000 | 592,000 | 598,000 | 598,000 | 596,000 | 596,000 | 596,000 | 596,000 | 595,000 | 595,000 | 601,000 | 605,000 | 607,000 | 629,000 | 628,000 | 625,000 | 621,000 | 628,000 | |
additional paid-in-capital | 403,927,000 | 397,775,000 | 387,161,000 | 376,014,000 | 370,201,000 | 356,208,000 | 344,173,000 | 335,612,000 | 330,750,000 | 321,790,000 | 311,288,000 | 299,952,000 | 298,053,000 | 284,092,000 | 274,384,000 | 265,385,000 | 259,317,000 | 253,361,000 | 246,604,000 | 237,538,000 | 233,921,000 | 228,521,000 | 223,719,000 | 221,553,000 | 231,160,000 | 224,979,000 | 222,394,000 | 216,384,000 | 213,170,000 | 209,053,000 | 204,899,000 | 195,651,000 | 182,448,000 | 178,231,000 | 164,812,000 | 160,719,000 | 159,045,000 | 155,393,000 | 152,596,000 | 150,127,000 | 149,895,000 | 146,973,000 | 134,144,000 | 131,711,000 | 127,661,000 | 123,251,000 | 118,976,000 | 118,020,000 | 117,768,000 | 114,571,000 | 111,580,000 | 108,995,000 | 110,246,000 | 102,665,000 | 92,774,000 | 90,731,000 | 90,141,000 | 83,480,000 | 86,243,000 | 83,373,000 | 80,732,000 | ||||||||||||||
accumulated other comprehensive loss | -5,307,000 | -5,608,000 | -4,051,000 | -6,130,000 | -6,193,000 | -5,379,000 | -5,911,000 | -5,217,000 | -5,671,000 | -4,713,000 | -4,522,000 | -4,817,000 | -5,211,000 | -5,713,000 | -4,811,000 | -4,708,000 | -4,574,000 | -4,580,000 | -4,523,000 | -4,594,000 | -4,646,000 | -4,787,000 | -5,027,000 | -5,214,000 | -4,550,000 | -5,683,000 | -5,674,000 | -5,438,000 | -5,446,000 | -5,317,000 | -5,282,000 | -3,629,000 | -4,699,000 | -5,034,000 | -6,100,000 | -7,739,000 | -8,522,000 | -7,096,000 | -7,448,000 | -7,035,000 | -8,778,000 | -8,548,000 | -7,812,000 | -8,203,000 | -6,971,000 | -5,928,000 | -4,756,000 | -5,469,000 | -6,217,000 | -5,370,000 | -6,097,000 | -4,233,000 | -4,216,000 | -5,904,000 | -6,350,000 | -6,154,000 | -6,801,000 | -6,720,000 | -5,768,000 | -6,482,000 | -1,318,000 | -2,073,000 | -3,695,000 | ||||||||||||
treasury stock | -2,536,373,000 | -2,510,911,000 | -2,511,169,000 | -2,467,209,000 | -2,411,527,000 | -2,386,893,000 | -2,332,736,000 | -2,097,840,000 | -2,046,791,000 | -1,987,262,000 | -1,917,031,000 | -1,842,913,000 | -1,694,857,000 | -1,507,423,000 | -1,276,090,000 | -1,276,348,000 | -1,265,032,000 | -1,261,926,000 | -1,258,295,000 | -1,261,494,000 | -1,260,478,000 | -1,262,724,000 | -1,264,527,000 | -1,265,888,000 | -1,219,905,000 | -1,216,169,000 | -1,215,254,000 | -1,209,870,000 | -1,187,625,000 | -1,148,441,000 | -1,112,376,000 | -1,093,066,000 | -1,064,573,000 | -1,066,915,000 | -1,069,241,000 | -1,070,516,000 | -1,070,383,000 | -1,074,527,000 | -1,071,676,000 | -1,052,762,000 | -1,052,864,000 | -1,037,256,000 | -979,211,000 | -979,828,000 | -982,463,000 | -933,180,000 | -916,893,000 | -917,226,000 | -918,031,000 | -919,516,000 | -920,355,000 | -921,421,000 | -927,776,000 | -930,487,000 | -932,663,000 | -925,763,000 | -916,955,000 | -887,815,000 | -867,249,000 | -867,960,000 | -872,306,000 | -872,999,000 | -871,211,000 | -872,147,000 | -870,302,000 | -870,085,000 | -854,033,000 | -842,554,000 | -835,186,000 | -780,564,000 | -781,311,000 | -788,583,000 | -798,110,000 | -770,212,000 | -662,192,000 |
retained earnings | 2,318,031,000 | 2,267,567,000 | 2,100,870,000 | 2,032,440,000 | 2,001,297,000 | 1,938,961,000 | 1,846,744,000 | 1,773,221,000 | 1,756,359,000 | 1,741,647,000 | 1,664,005,000 | 1,593,835,000 | 1,555,724,000 | 1,512,604,000 | 1,422,291,000 | 1,329,365,000 | 1,275,220,000 | 1,224,340,000 | 1,120,196,000 | 1,046,834,000 | 1,024,500,000 | 1,016,635,000 | 1,002,132,000 | 1,004,744,000 | 968,833,000 | 939,187,000 | 874,923,000 | 812,496,000 | 795,178,000 | 775,675,000 | 707,856,000 | 640,176,000 | 673,771,000 | 692,387,000 | 656,961,000 | 624,098,000 | 607,560,000 | 587,837,000 | 551,749,000 | 522,854,000 | 514,897,000 | 497,237,000 | 466,836,000 | 442,251,000 | 432,399,000 | 418,260,000 | 389,579,000 | 349,458,000 | 341,649,000 | 325,005,000 | 294,266,000 | 276,745,000 | 272,260,000 | 258,474,000 | 825,471,000 | 804,260,000 | 794,947,000 | 780,821,000 | 749,394,000 | 732,795,000 | 728,057,000 | 714,843,000 | 685,300,000 | 669,253,000 | 664,431,000 | 651,742,000 | 629,843,000 | 615,380,000 | 610,240,000 | 602,645,000 | 578,285,000 | 561,859,000 | 553,839,000 | 536,382,000 | 508,572,000 |
total shareholders’ equity | 181,229,000 | 149,774,000 | 6,727,000 | 35,598,000 | 72,413,000 | 54,691,000 | 47,008,000 | 154,660,000 | 284,511,000 | 416,725,000 | 314,645,000 | 265,882,000 | 212,146,000 | 104,933,000 | 19,235,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 2,918,203,000 | 2,907,534,000 | 2,475,078,000 | 2,394,799,000 | 2,232,237,000 | 2,150,323,000 | 2,106,223,000 | 2,102,175,000 | 2,188,983,000 | 2,076,841,000 | 1,972,028,000 | 1,931,824,000 | 1,865,934,000 | 1,728,794,000 | 1,584,138,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ deficit | -26,238,000 | -63,934,000 | -5,752,000 | -21,404,000 | -42,752,000 | -43,854,000 | -23,511,000 | -56,735,000 | -122,660,000 | -185,477,000 | -183,772,000 | -168,079,000 | -203,952,000 | -259,917,000 | -212,102,000 | -200,380,000 | -252,617,000 | -292,487,000 | -311,349,000 | -337,442,000 | -373,828,000 | -385,865,000 | -395,899,000 | -400,643,000 | -385,467,000 | -413,493,000 | -428,801,000 | -397,015,000 | -412,510,000 | -454,633,000 | -464,245,000 | -484,724,000 | -520,021,000 | -539,329,000 | -548,904,000 | -569,397,000 | -11,243,000 | -26,176,000 | -25,561,000 | -14,441,000 | -27,942,000 | -49,030,000 | -58,071,000 | -75,494,000 | -97,035,000 | -114,954,000 | -114,212,000 | -132,910,000 | -141,354,000 | -146,202,000 | -137,670,000 | -90,507,000 | -115,200,000 | -141,811,000 | -157,061,000 | -148,999,000 | -71,853,000 | ||||||||||||||||||
total liabilities and shareholders’ deficit | 2,664,762,000 | 2,577,588,000 | 1,587,333,000 | 1,570,146,000 | 1,686,041,000 | 1,703,952,000 | 1,386,672,000 | 1,374,262,000 | 1,214,277,000 | 1,173,816,000 | 1,138,370,000 | 1,161,037,000 | 1,123,016,000 | 1,052,017,000 | 927,607,000 | 961,192,000 | 947,973,000 | 904,132,000 | 852,468,000 | 846,276,000 | 843,390,000 | 787,263,000 | 717,010,000 | 712,762,000 | 702,593,000 | 661,122,000 | 647,270,000 | 664,187,000 | 628,442,000 | 554,900,000 | 539,899,000 | 555,709,000 | 562,712,000 | 545,973,000 | 510,772,000 | 483,071,000 | 857,738,000 | 443,232,000 | 447,689,000 | 467,921,000 | 441,305,000 | 412,373,000 | 411,722,000 | 403,307,000 | 390,208,000 | 360,640,000 | 340,037,000 | 353,028,000 | 357,921,000 | 333,714,000 | 328,219,000 | 349,930,000 | 348,755,000 | 338,410,000 | 328,384,000 | 337,821,000 | 332,044,000 | ||||||||||||||||||
investments in equity securities, at fair value | 90,446,000 | 109,861,000 | 116,374,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ (deficit) equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 499,471,000 | 499,268,000 | 4,416,000 | 4,416,000 | 4,416,000 | 2,976,000 | 2,976,000 | 216,571,000 | 216,486,000 | 216,351,000 | 216,217,000 | 6,977,000 | 7,157,000 | 7,335,000 | 7,511,000 | 507,000 | 508,000 | 1,088,000 | 1,097,000 | 1,099,000 | 1,099,000 | 1,265,000 | 1,232,000 | 1,302,000 | 1,302,000 | 1,225,000 | 1,195,000 | 660,000 | 833,000 | 1,016,000 | 1,191,000 | 1,706,000 | 1,124,000 | 12,362,000 | 12,349,000 | 11,967,000 | 11,970,000 | 11,026,000 | 10,088,000 | 9,132,000 | 8,205,000 | 8,201,000 | 8,195,000 | 10,065,000 | 683,000 | 679,000 | 673,000 | 691,000 | 516,000 | 508,000 | 420,000 | 294,000 | 8,400,000 | ||||||||||||||||||||||
income taxes payable | 8,601,000 | 8,601,000 | 8,601,000 | 8,601,000 | 15,482,000 | 15,482,000 | 15,482,000 | 15,482,000 | 20,642,000 | 20,642,000 | 20,642,000 | 20,642,000 | 23,394,000 | 23,394,000 | 23,394,000 | 23,394,000 | 26,147,000 | 26,147,000 | 23,510,000 | 23,510,000 | 26,276,000 | 26,276,000 | 26,276,000 | 29,041,000 | 29,041,000 | 2,776,000 | 6,136,000 | 13,923,000 | 796,000 | 16,303,000 | 5,632,000 | 159,000 | 10,194,000 | 1,242,000 | 1,396,000 | 85,000 | 10,140,000 | 17,459,000 | 5,466,000 | 2,282,000 | 21,906,000 | 1,550,000 | 11,686,000 | 12,854,000 | 9,220,000 | 1,108,000 | 20,129,000 | 17,142,000 | 6,928,000 | 5,778,000 | 19,775,000 | 17,648,000 | 10,821,000 | 6,310,000 | 21,910,000 | 19,180,000 | 6,728,000 | 1,206,000 | 16,679,000 | 5,278,000 | 5,628,000 | 1,659,000 | 13,970,000 | 17,936,000 | |||||||||||
total shareholders’ (deficit) equity | -45,271,000 | -96,152,000 | -146,779,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ (deficit) equity | 2,530,527,000 | 2,544,046,000 | 2,518,907,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 299,665,000 | 223,861,000 | 118,145,000 | 21,594,000 | 123,160,000 | 97,875,000 | 58,510,000 | 18,972,000 | 112,601,000 | 15,523,000 | 120,687,000 | 96,236,000 | 51,859,000 | 19,997,000 | 110,396,000 | 85,610,000 | 43,308,000 | 107,441,000 | 83,298,000 | 42,804,000 | 15,793,000 | 98,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 43,282,000 | 32,623,000 | 21,762,000 | 2,690,000 | 9,365,000 | 6,903,000 | 4,610,000 | 2,122,000 | 9,469,000 | 2,175,000 | 8,226,000 | 5,989,000 | 3,994,000 | 2,017,000 | 8,024,000 | 5,976,000 | 3,903,000 | 8,342,000 | 6,470,000 | 4,392,000 | 2,172,000 | 8,336,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization - other incomes from franchised and managed properties | 27,578,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
franchise agreement acquisition cost amortization | 28,702,000 | 20,584,000 | 13,993,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | 331,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of long-lived assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of business and assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash share-based compensation and other charges | 43,250,000 | 32,445,000 | 19,253,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest, investments, and affiliate (income) loss | -7,282,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net (gain) loss of affiliates, less distributions received | -2,327,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
franchise agreement acquisition costs, net of reimbursements | -112,164,000 | -84,085,000 | -52,025,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in working capital and other | 17,396,000 | 19,435,000 | -18,010,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 319,403,000 | 236,540,000 | 113,595,000 | 183,891,000 | 138,378,000 | 65,832,000 | 5,264,000 | 152,040,000 | 1,874,000 | 161,020,000 | 121,276,000 | 37,802,000 | 134,844,000 | 105,893,000 | 32,051,000 | 144,935,000 | 108,239,000 | 41,604,000 | 6,980,000 | 112,216,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in other property and equipment | -39,102,000 | -33,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in owned hotel properties | -106,750,000 | -81,239,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to investments in affiliates | -52,768,000 | -47,695,000 | -19,486,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuances of notes receivable | -37,994,000 | -24,405,000 | -1,479,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of equity securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisition, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from sales of affiliates | 15,850,000 | 15,850,000 | 15,850,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collections of notes receivable | 32,100,000 | 2,277,000 | 1,743,000 | 19,000 | 3,561,000 | 326,000 | 210,000 | 151,000 | 4,754,000 | 15,000 | 13,000 | 5,083,000 | 5,055,000 | 37,000 | 10,000 | 324,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of equity securities | 108,149,000 | 108,149,000 | 16,815,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of assets and business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the termination of intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other items | -4,056,000 | -225,000 | -266,000 | -77,000 | -642,000 | -592,000 | -296,000 | -154,000 | -728,000 | -101,000 | -433,000 | -322,000 | -226,000 | -108,000 | -564,000 | -312,000 | -192,000 | -319,000 | -296,000 | -361,000 | -124,000 | -584,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -84,571,000 | -63,363,000 | -62,032,000 | -17,646,000 | -5,290,000 | -27,549,000 | -13,816,000 | -57,999,000 | -19,562,000 | -10,387,000 | -1,496,000 | -23,804,000 | -16,831,000 | -10,332,000 | -32,155,000 | -21,415,000 | -6,254,000 | -3,349,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings (repayments) pursuant to revolving credit facilities | 111,500,000 | -57,000,000 | 57,000,000 | 16,725,000 | -200,000 | -200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of long-term debt | 593,574,000 | 593,574,000 | 250,000 | 226,000 | 26,000 | 3,360,000 | 543,500,000 | 75,000 | 75,000 | 247,733,000 | 247,733,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt | -500,000,000 | -500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to extinguish acquired debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from acquired derivative | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | -8,069,000 | -8,069,000 | -2,760,000 | -4,759,000 | -4,753,000 | -153,000 | -2,356,000 | -2,356,000 | -2,356,000 | -800,000 | -804,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of treasury stock | -380,743,000 | -348,964,000 | -292,711,000 | -6,227,000 | -23,757,000 | -4,544,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | -55,497,000 | -42,488,000 | -28,854,000 | -11,710,000 | -43,529,000 | -32,767,000 | -21,957,000 | -10,784,000 | -32,799,000 | -503,000 | -654,092,000 | -632,751,000 | -21,396,000 | -10,713,000 | -43,747,000 | -32,923,000 | -21,922,000 | -43,808,000 | -32,884,000 | -21,924,000 | -10,945,000 | -44,274,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the exercise of stock options | 17,525,000 | 9,279,000 | 4,261,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -221,710,000 | -142,168,000 | -18,564,000 | 9,773,000 | -117,540,000 | -56,127,000 | 205,000 | -88,284,000 | -76,710,000 | -19,022,000 | -95,070,000 | -55,440,000 | -22,750,000 | -91,193,000 | -75,257,000 | -16,439,000 | -2,984,000 | -95,110,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in cash and cash equivalents | 13,122,000 | 31,009,000 | 32,999,000 | -13,331,000 | 48,705,000 | 76,961,000 | 42,712,000 | 6,496,000 | 36,207,000 | 6,194,000 | 26,311,000 | 7,194,000 | 377,890,000 | -16,106,000 | 15,970,000 | 33,622,000 | 21,587,000 | 10,323,000 | 3,750,000 | -2,258,000 | 13,757,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign exchange rate changes on cash and cash equivalents | 301,000 | 802,000 | 656,000 | -1,004,000 | -1,621,000 | -364,000 | 1,035,000 | 587,000 | -2,589,000 | -146,000 | 809,000 | 813,000 | 443,000 | 361,000 | -172,000 | -147,000 | 1,802,000 | 1,355,000 | -694,000 | -19,000 | 1,433,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 26,754,000 | 26,754,000 | 26,754,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 40,177,000 | 58,565,000 | 60,409,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization – other incomes from franchised and managed properties | 20,236,000 | 13,797,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest, investments, and affiliate income | -7,529,000 | -1,791,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net income (gain) of affiliates, less distributions received | 56,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments for employee benefit plans | -2,504,000 | -2,110,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in intangible assets | -2,133,000 | -1,702,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of investments for employee benefit plans | 2,182,000 | 2,142,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings pursuant to revolving credit facilities | 154,500,000 | 301,500,000 | 18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments during the period for | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes, net of refunds | 64,734,000 | 28,961,000 | 2,357,000 | 77,562,000 | 51,600,000 | 19,594,000 | 5,842,000 | 47,513,000 | 1,029,000 | 51,548,000 | 25,700,000 | 14,391,000 | 1,746,000 | 45,483,000 | 17,222,000 | 50,127,000 | 26,561,000 | 11,921,000 | 3,748,000 | 34,213,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest, net of capitalized interest | 56,202,000 | 42,863,000 | 18,729,000 | 40,644,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared but not paid | 13,499,000 | 13,613,000 | 11,230,000 | 11,176,000 | 10,764,000 | 10,810,000 | 11,173,000 | 10,785,000 | 10,759,000 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in property, equipment, and intangible assets recognized in accounts payable and accrued expense liabilities | 19,522,000 | 10,955,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net income of affiliates, less distributions received | 1,160,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in property and equipment | -73,539,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liability for guest loyalty programs | 98,577,000 | 94,574,000 | 86,140,000 | 86,844,000 | 89,582,000 | 82,461,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost | 449,313,000 | 434,282,000 | 417,431,000 | 319,161,000 | 394,950,000 | 351,768,000 | 342,121,000 | 336,508,000 | 334,901,000 | 339,000,000 | 350,459,000 | 351,045,000 | 351,502,000 | 347,343,000 | 149,084,000 | 134,861,000 | 127,535,000 | 117,610,000 | 112,567,000 | 98,403,000 | 83,374,000 | 83,611,000 | 83,134,000 | 82,701,000 | 84,061,000 | 86,736,000 | 86,784,000 | 88,345,000 | 88,158,000 | 86,786,000 | 82,375,000 | 80,057,000 | 77,309,000 | 58,381,000 | 58,238,000 | 56,664,000 | 66,092,000 | 65,540,000 | 69,648,000 | 71,289,000 | 51,651,000 | 52,822,000 | 50,561,000 | 51,309,000 | 51,992,000 | 53,504,000 | 53,872,000 | 54,296,000 | 55,662,000 | 52,976,000 | 48,422,000 | 45,159,000 | 43,627,000 | 42,928,000 | 43,975,000 | 44,437,000 | 45,291,000 | 43,654,000 | 44,157,000 | 43,834,000 | 43,887,000 | 44,036,000 | 43,674,000 | ||||||||||||
investments, employee benefit plans, at fair value | 36,278,000 | 34,758,000 | 31,645,000 | 29,010,000 | 29,821,000 | 34,173,000 | 33,946,000 | 31,285,000 | 31,484,000 | 28,558,000 | 29,104,000 | 26,454,000 | 25,138,000 | 21,083,000 | 24,978,000 | 23,489,000 | 23,313,000 | 21,970,000 | 19,398,000 | 21,542,000 | 20,349,000 | 20,142,000 | 20,838,000 | 19,749,000 | 19,451,000 | 18,755,000 | 16,975,000 | 16,414,000 | 16,516,000 | 17,802,000 | 17,674,000 | 174,000 | 174,000 | 177,000 | 214,000 | 211,000 | 176,000 | 174,000 | 400,000 | 386,000 | 377,000 | 378,000 | 3,486,000 | 3,668,000 | 5,184,000 | 5,241,000 | 12,094,000 | 22,017,000 | 24,972,000 | 24,728,000 | 23,365,000 | 22,370,000 | 20,868,000 | 22,319,000 | 20,931,000 | 19,865,000 | 28,855,000 | 25,303,000 | 10,676,000 | 8,952,000 | 233,000 | 1,002,000 | 3,384,000 | 3,343,000 | |||||||||||
investments in unconsolidated entities | 42,961,000 | 42,793,000 | 53,003,000 | 57,879,000 | 72,571,000 | 72,929,000 | 78,583,000 | 78,655,000 | 69,190,000 | 108,843,000 | 106,803,000 | 109,016,000 | 107,905,000 | 133,478,000 | 128,157,000 | 134,226,000 | 131,128,000 | 131,722,000 | 123,550,000 | 94,839,000 | 83,740,000 | 78,801,000 | 66,685,000 | 67,037,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | 201,038,000 | 156,754,000 | 149,921,000 | 175,375,000 | 149,062,000 | 148,281,000 | 141,566,000 | 171,802,000 | 181,452,000 | 153,969,000 | 138,018,000 | 185,586,000 | 186,034,000 | 143,028,000 | 125,452,000 | 151,672,000 | 146,653,000 | 117,878,000 | 107,336,000 | 129,422,000 | 126,689,000 | 102,786,000 | 89,352,000 | 114,623,000 | 118,989,000 | 102,013,000 | 91,681,000 | 109,748,000 | 119,763,000 | 59,241,000 | 53,521,000 | 62,605,000 | 70,951,000 | 54,202,000 | 52,270,000 | 66,196,000 | 62,643,000 | 53,290,000 | 53,012,000 | 62,009,000 | 58,044,000 | 48,279,000 | 47,638,000 | 53,682,000 | 50,342,000 | 41,642,000 | 41,898,000 | 51,396,000 | 44,430,000 | 38,087,000 | 43,141,000 | 48,919,000 | 45,776,000 | 43,243,000 | 40,855,000 | 54,110,000 | 45,995,000 | ||||||||||||||||||
other current assets | 27,294,000 | 24,352,000 | 19,980,000 | 18,150,000 | 22,455,000 | 26,330,000 | 24,727,000 | 23,230,000 | 23,317,000 | 27,935,000 | 32,243,000 | 31,163,000 | 30,683,000 | 34,065,000 | 28,241,000 | 34,338,000 | 25,196,000 | 29,416,000 | 26,885,000 | 28,568,000 | 34,731,000 | 25,938,000 | 17,567,000 | 19,015,000 | 21,030,000 | 28,864,000 | 19,322,000 | 24,817,000 | 23,789,000 | 36,201,000 | 29,710,000 | 30,002,000 | 35,522,000 | 40,832,000 | 36,669,000 | 29,749,000 | 30,656,000 | 28,635,000 | 22,633,000 | 22,585,000 | 22,030,000 | 22,755,000 | 24,256,000 | 23,980,000 | 20,982,000 | 17,081,000 | 10,114,000 | 11,099,000 | 11,534,000 | 12,608,000 | 12,991,000 | 16,693,000 | 15,856,000 | 14,690,000 | 13,632,000 | 12,046,000 | 11,745,000 | ||||||||||||||||||
less: allowance for notes receivable credit losses | -4,179,000 | -3,252,000 | -4,163,000 | -3,076,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: allowance for notes receivable losses | -13,043,000 | -11,687,000 | -10,026,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, net of allowances | 25,404,000 | 29,012,000 | 34,014,000 | 34,416,000 | 36,759,000 | 83,034,000 | 78,921,000 | 78,286,000 | 13,904,000 | 139,803,000 | 132,004,000 | 123,878,000 | 7,873,000 | 98,450,000 | 92,195,000 | 92,477,000 | 5,107,000 | 73,756,000 | 51,228,000 | 48,781,000 | 40,441,000 | 35,045,000 | 34,492,000 | 34,223,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, net of allowance | 32,642,000 | 29,237,000 | 17,254,000 | 10,789,000 | 10,362,000 | 7,650,000 | 7,709,000 | 8,235,000 | 8,186,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
franchise rights and other identifiable intangibles | 11,543,000 | 11,676,000 | 12,025,000 | 11,948,000 | 12,181,000 | 7,268,000 | 8,001,000 | 8,912,000 | 7,516,000 | 8,389,000 | 9,204,000 | 9,953,000 | 10,875,000 | 11,573,000 | 12,550,000 | 13,473,000 | 14,554,000 | 15,435,000 | 16,395,000 | 17,255,000 | 17,913,000 | 19,153,000 | 19,962,000 | 20,825,000 | 21,641,000 | 22,308,000 | 23,755,000 | 24,559,000 | 25,552,000 | 26,247,000 | 26,734,000 | 27,763,000 | 29,069,000 | 30,586,000 | 31,347,000 | 31,979,000 | 33,016,000 | 33,677,000 | |||||||||||||||||||||||||||||||||||||
accrued expenses | 56,537,000 | 39,414,000 | 63,530,000 | 46,781,000 | 52,398,000 | 37,219,000 | 56,625,000 | 43,475,000 | 47,719,000 | 35,134,000 | 55,552,000 | 43,539,000 | 36,137,000 | 28,530,000 | 53,851,000 | 37,085,000 | 36,919,000 | 28,963,000 | 47,818,000 | 35,936,000 | 30,442,000 | 26,506,000 | 37,074,000 | 32,608,000 | 31,235,000 | 29,534,000 | 38,249,000 | 36,500,000 | 31,348,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | -292,000 | -2,809,000 | -2,849,000 | -2,572,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from bad debts | 823,000 | 2,775,000 | 1,676,000 | 1,383,000 | 1,182,000 | 2,724,000 | 844,000 | 2,896,000 | 1,802,000 | 1,236,000 | 679,000 | 2,160,000 | 845,000 | 1,340,000 | 3,547,000 | 2,421,000 | 1,637,000 | 856,000 | 2,578,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock compensation and other charges | 2,509,000 | 9,706,000 | 8,093,000 | 4,711,000 | 2,887,000 | 11,271,000 | 2,549,000 | 12,375,000 | 7,306,000 | 4,868,000 | 2,543,000 | 14,511,000 | 10,262,000 | 7,436,000 | 9,304,000 | 6,969,000 | 5,297,000 | 2,670,000 | 13,761,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest and other (income) loss | 506,000 | 3,174,000 | 1,836,000 | 719,000 | 416,000 | 1,545,000 | 76,000 | 292,000 | -633,000 | -820,000 | 2,208,000 | 3,079,000 | -1,711,000 | 307,000 | -987,000 | -5,403,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity (earnings) losses from unconsolidated joint ventures, net of distributions received | 1,205,000 | 2,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances to/from marketing and reservation activities | 4,626,000 | 70,179,000 | 60,187,000 | 31,522,000 | 5,309,000 | 42,405,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
forgivable notes receivable | -13,371,000 | -12,914,000 | -8,776,000 | -6,692,000 | -3,623,000 | -8,347,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable/receivable | 2,773,000 | -3,582,000 | 7,981,000 | 15,198,000 | 3,160,000 | 4,807,000 | 4,367,000 | -3,193,000 | 12,786,000 | 11,808,000 | 8,180,000 | -4,562,000 | 14,354,000 | 11,404,000 | -1,417,000 | 11,940,000 | 11,492,000 | 4,667,000 | 8,163,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by operating activities | -15,835,000 | 4,412,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in property and equipment | -6,804,000 | -20,946,000 | -11,886,000 | -7,314,000 | -3,015,000 | -31,524,000 | -13,645,000 | -15,443,000 | -12,525,000 | -6,236,000 | -3,129,000 | -10,924,000 | -8,129,000 | -5,110,000 | -24,368,000 | -17,673,000 | -12,249,000 | -4,558,000 | -11,135,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of assets | 1,592,000 | 15,612,000 | 12,216,000 | 8,703,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity method investments | -1,921,000 | -17,789,000 | -14,362,000 | -6,946,000 | -3,379,000 | -5,685,000 | -1,000,000 | -20,285,000 | -9,454,000 | -6,315,000 | -2,600,000 | -5,000,000 | -3,600,000 | -1,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments, employee benefit plans | -1,089,000 | -2,794,000 | -1,520,000 | -1,220,000 | -890,000 | -2,676,000 | -1,242,000 | -1,697,000 | -1,191,000 | -969,000 | -743,000 | -1,602,000 | -1,051,000 | -1,139,000 | -1,948,000 | -1,396,000 | -1,204,000 | -1,104,000 | -3,854,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of investments, employee benefit plans | 925,000 | 964,000 | 966,000 | 641,000 | 281,000 | 4,168,000 | 3,882,000 | 11,223,000 | 10,909,000 | 8,969,000 | 8,652,000 | 644,000 | 1,649,000 | 13,895,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of mezzanine and other notes receivable | -3,340,000 | -3,340,000 | -2,223,000 | -587,000 | -1,095,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collections of mezzanine and other notes receivable | 105,000 | 11,289,000 | 9,832,000 | 9,743,000 | 68,000 | 9,748,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by investing activities | -7,269,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings pursuant to revolving credit facility | 20,700,000 | 15,000,000 | 5,900,000 | 13,400,000 | 16,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on long-term debt | -3,082,000 | -10,108,000 | -7,110,000 | -4,112,000 | -2,052,000 | -8,204,000 | -2,046,000 | -4,422,000 | -297,000 | -25,000 | -20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits from stock-based compensation | 4,473,000 | 3,721,000 | 2,297,000 | 1,319,000 | 1,024,000 | 1,460,000 | 952,000 | 1,559,000 | 793,000 | 641,000 | 422,000 | 1,227,000 | 1,108,000 | 1,061,000 | 625,000 | 331,000 | 12,000 | 49,000 | 5,834,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 5,619,000 | 10,098,000 | 4,984,000 | 1,547,000 | 1,547,000 | 8,864,000 | 5,367,000 | 7,090,000 | 4,695,000 | 445,000 | 389,000 | 3,845,000 | 3,726,000 | 3,132,000 | 2,457,000 | 1,321,000 | 1,315,000 | 648,000 | 9,158,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 214,879,000 | 167,795,000 | 167,795,000 | 167,795,000 | 167,795,000 | 134,177,000 | 134,177,000 | 107,057,000 | 107,057,000 | 107,057,000 | 107,057,000 | 91,259,000 | 91,259,000 | 67,870,000 | 67,870,000 | 67,870,000 | 67,870,000 | 52,680,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 200,544,000 | 214,879,000 | 244,392,000 | 211,542,000 | 174,878,000 | 167,795,000 | 140,225,000 | 134,177,000 | 115,064,000 | 485,390,000 | 91,312,000 | 107,057,000 | 124,734,000 | 91,259,000 | 79,548,000 | 70,926,000 | 65,593,000 | 67,870,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments during the period for: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock pursuant to share based compensation plans | 6,952,000 | 8,173,000 | 8,024,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in property and equipment acquired in accounts payable | 1,380,000 | 890,000 | 688,000 | 603,000 | 658,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances, marketing and reservation activities | 18,856,000 | 19,127,000 | 32,564,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on disposal of assets | -2,809,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 526,000 | 526,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities, net of acquisitions: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets | 15,612,000 | 243,000 | 1,654,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | -77,972,000 | -4,530,000 | -3,965,000 | -3,634,000 | -22,586,000 | -22,227,000 | -22,173,000 | -14,854,000 | -53,617,000 | -24,796,000 | -2,527,000 | -11,212,000 | -11,171,000 | -9,242,000 | -8,936,000 | -59,128,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments during the year for: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock pursuant to share based compensation plan | 8,439,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, long-term debt assumed | 10,667,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends received from equity method investments | 1,101,000 | 546,000 | 181,000 | 1,445,000 | 146,000 | 1,310,000 | 855,000 | 399,000 | 1,139,000 | 316,000 | 159,000 | 1,155,000 | 618,000 | 148,000 | 1,337,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net (income) loss of affiliates | 578,000 | 12,000 | 183,000 | 55,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments pursuant to revolving credit facility | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 40,126,000 | 20,595,000 | 19,613,000 | 43,327,000 | 20,400,000 | 16,954,000 | 15,666,000 | 7,699,000 | 7,388,000 | 15,527,000 | 15,098,000 | 2,036,000 | 1,924,000 | 1,341,000 | 646,000 | 5,008,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net income of affiliates | 65,000 | 35,000 | -634,000 | 141,000 | -212,000 | -269,000 | -262,000 | -301,000 | -1,226,000 | -890,000 | -548,000 | -353,000 | -1,113,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) in investing activities | 4,601,000 | 1,027,000 | -22,659,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by financing activities | -27,721,000 | 350,475,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of restricted shares of common stock | 6,062,000 | 8,500,000 | 7,151,000 | 9,517,000 | 9,517,000 | 9,267,000 | 8,497,000 | 9,604,000 | 9,604,000 | 9,233,000 | 9,233,000 | 9,083,000 | 8,163,000 | 7,150,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of performance vested restricted stock units | 1,191,000 | 1,298,000 | 1,298,000 | 256,000 | 256,000 | 256,000 | 256,000 | 462,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligation | 908,000 | 1,053,000 | 2,538,000 | 2,483,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of treasury stock to employee stock purchase plan | 739,000 | 550,000 | 625,000 | 454,000 | 314,000 | 151,000 | 622,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable – marketing and reservation fees | 54,786,000 | 51,297,000 | 46,249,000 | 64,838,000 | 63,690,000 | 54,040,000 | 60,475,000 | 54,719,000 | 46,127,000 | 58,508,000 | 47,484,000 | 32,903,000 | 35,687,000 | 24,077,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of notes receivable | -1,729,000 | -34,925,000 | -7,305,000 | -5,820,000 | -3,719,000 | -12,766,000 | -4,320,000 | -2,651,000 | -11,786,000 | -8,901,000 | -8,008,000 | -534,000 | -1,995,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from (used) in financing activities | 18,136,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable—marketing and reservation fees | 42,179,000 | 54,014,000 | 42,507,000 | 33,872,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash acquired | -466,000 | -466,000 | -466,000 | -466,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of forward starting interest rate swap agreement | -8,663,000 | -8,663,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 107,939,000 | 101,719,000 | 100,900,000 | 98,681,000 | 95,083,000 | 92,019,000 | 89,611,000 | 89,130,000 | 87,005,000 | 86,156,000 | 84,308,000 | 84,062,000 | 88,036,000 | 85,950,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 543,500,000 | 393,444,000 | 75,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of long-term debt | -502,000 | -333,000 | -166,000 | -74,000 | -13,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by financing activities | -94,520,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
declaration of dividends | 632,710,000 | 21,335,000 | 10,684,000 | 43,506,000 | 32,846,000 | 43,815,000 | 32,886,000 | 21,934,000 | 10,971,000 | 44,059,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided (used) by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest and other income | -1,593,000 | -987,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revolving credit facility | 200,000 | 6,600,000 | 291,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments pursuant to revolving credit facilities | -200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investments, employee benefit plans | 566,000 | 347,000 | 1,018,000 | 836,000 | 522,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest and other loss | 22,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -7,192,000 | -7,545,000 | -850,000 | 339,000 | 333,000 | -3,472,000 | -1,253,000 | 1,248,000 | 808,000 | 346,000 | 830,000 | 378,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings (repayments) pursuant to revolving credit facility | -277,500,000 | -271,100,000 | -6,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments of long-term debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable—marketing fees | 13,527,000 | 6,782,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable – marketing fees | 12,256,000 | 18,389,000 | 14,517,000 | 87,000 | 7,139,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other | 35,615,000 | 40,907,000 | 36,974,000 | 33,071,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 657,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 63,682,000 | 179,996,000 | 81,734,000 | 44,534,000 | 75,804,000 | 105,716,000 | 87,136,000 | 31,009,000 | 28,953,000 | 92,024,000 | 84,710,000 | 52,820,000 | 55,513,000 | 103,080,000 | 106,168,000 | 67,391,000 | 64,083,000 | 116,655,000 | 85,882,000 | 22,337,000 | 7,865,000 | 14,500,000 | -2,441,000 | 55,463,000 | 42,169,000 | 76,239,000 | 74,389,000 | 30,081,000 | 31,471,000 | 79,959,000 | 79,839,000 | 25,086,000 | -6,441,000 | 47,595,000 | 44,995,000 | 28,744,000 | 31,821,000 | 47,565,000 | 40,387,000 | 19,598,000 | 29,203,000 | 41,419,000 | 35,813,000 | 21,594,000 | 25,285,000 | 39,365,000 | 39,538,000 | 18,972,000 | 27,332,000 | 41,512,000 | 28,234,000 | 15,523,000 | 24,451,000 | 44,377,000 | 31,862,000 | 19,997,000 | 24,786,000 | 42,302,000 | 27,578,000 | 15,730,000 | 24,143,000 | 40,494,000 | 27,011,000 | 15,793,000 | 23,631,000 | 32,808,000 | 25,503,000 | 16,308,000 | 18,711,000 | 35,915,000 | 27,008,000 | 18,577,000 | 27,947,000 | 38,394,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 16,783,000 | 15,760,000 | 13,424,000 | 13,748,000 | 10,659,000 | 10,861,000 | 10,827,000 | 10,935,000 | 10,191,000 | 9,633,000 | 9,812,000 | 10,023,000 | 9,989,000 | 8,726,000 | 5,479,000 | 6,231,000 | 6,296,000 | 5,883,000 | 6,232,000 | 6,362,000 | 6,522,000 | 6,382,000 | 6,398,000 | 6,529,000 | 6,239,000 | 5,568,000 | 3,405,000 | 3,616,000 | 3,793,000 | 3,815,000 | 3,669,000 | 3,053,000 | 3,216,000 | 3,095,000 | 3,050,000 | 3,070,000 | 2,998,000 | 2,986,000 | 2,956,000 | 2,765,000 | 2,749,000 | 3,108,000 | 2,995,000 | 2,690,000 | 2,462,000 | 2,293,000 | 2,488,000 | 2,122,000 | 2,395,000 | 2,379,000 | 2,520,000 | 2,175,000 | 2,237,000 | 1,995,000 | 1,977,000 | 2,017,000 | 2,048,000 | 2,073,000 | 1,948,000 | 1,955,000 | 1,872,000 | 2,078,000 | 2,220,000 | 2,172,000 | 2,084,000 | 2,105,000 | 2,032,000 | 2,115,000 | 2,019,000 | 2,038,000 | 2,070,000 | 2,057,000 | 2,227,000 | 2,158,000 |
depreciation and amortization – reimbursable expenses from franchised and managed properties | 5,259,000 | 4,869,000 | 4,539,000 | 4,887,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
franchise agreement acquisition cost amortization | 6,946,000 | 7,759,000 | 7,470,000 | 9,791,000 | 8,118,000 | 6,591,000 | 7,808,000 | 6,185,000 | 5,408,000 | 5,236,000 | 3,839,000 | 3,784,000 | 3,488,000 | 3,440,000 | 3,250,000 | 3,044,000 | 2,967,000 | 2,785,000 | 2,739,000 | 2,819,000 | 455,000 | 2,486,000 | 2,366,000 | 2,685,000 | 2,577,000 | 2,287,000 | 2,221,000 | 2,154,000 | ||||||||||||||||||||||||||||||||||||||||||||||
gain from an acquisition of a joint venture | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | 0 | 76,000 | -1,303,000 | -292,000 | 40,000 | -277,000 | -2,572,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 15,958,000 | 0 | 607,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on impairment of long-lived assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash share-based compensation and other charges | 10,815,000 | 8,001,000 | 9,604,000 | 9,834,000 | 10,805,000 | 13,192,000 | 8,656,000 | 10,597,000 | 12,139,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest, investments, and affiliate income | -308,000 | -4,463,000 | -5,738,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 37,477,000 | -18,563,000 | 224,000 | 626,000 | 2,058,000 | -18,397,000 | -1,953,000 | -736,000 | 2,979,000 | -6,472,000 | -5,409,000 | 7,566,000 | 2,760,000 | -16,909,000 | -2,374,000 | -3,119,000 | 33,279,000 | -30,820,000 | -2,087,000 | -1,378,000 | -13,415,000 | -4,313,000 | -421,000 | -26,677,000 | 6,542,000 | 850,000 | 4,675,000 | -2,257,000 | 2,100,000 | -9,438,000 | 1,246,000 | 2,582,000 | -5,457,000 | 46,223,000 | 454,000 | -1,900,000 | -6,213,000 | -8,359,000 | -2,168,000 | 6,198,000 | 2,414,000 | 296,000 | -1,862,000 | -233,000 | -3,683,000 | -9,943,000 | -9,270,000 | -3,000 | -3,906,000 | -8,287,000 | 3,723,000 | 446,000 | 1,087,000 | -1,433,000 | -164,000 | -30,000 | 2,675,000 | 2,799,000 | 52,000 | -12,000 | 323,000 | -2,649,000 | 10,000 | -65,000 | 2,291,000 | -1,736,000 | 147,000 | 2,371,000 | 1,384,000 | -4,355,000 | ||||
equity in net loss of affiliates, less distributions received | 3,424,000 | 15,732,000 | 279,000 | 413,000 | -2,383,000 | -1,104,000 | -40,000 | 1,200,000 | -949,000 | 421,000 | -1,962,000 | 1,706,000 | 515,000 | 230,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
franchise agreement acquisition costs, net of reimbursements | -21,085,000 | -20,885,000 | -15,187,000 | -26,287,000 | -28,079,000 | -32,060,000 | -18,539,000 | -33,486,000 | -25,449,000 | -26,717,000 | -18,058,000 | -28,092,000 | -21,580,000 | -5,931,000 | -14,581,000 | -12,435,000 | -9,764,000 | -10,388,000 | -11,308,000 | -6,770,000 | -19,519,000 | -4,393,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
change in working capital and other | -37,303,000 | -18,781,000 | -3,301,000 | -38,594,000 | -2,039,000 | 37,445,000 | 15,491,000 | -33,501,000 | 15,278,000 | 27,672,000 | 16,984,000 | -53,806,000 | 3,469,000 | -23,560,000 | -14,747,000 | 46,989,000 | 6,152,000 | -38,254,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 85,690,000 | 68,687,000 | 95,603,000 | 20,467,000 | 82,863,000 | 122,945,000 | 111,854,000 | 1,741,000 | 49,364,000 | 121,451,000 | 113,706,000 | 12,033,000 | 101,859,000 | 105,853,000 | 95,425,000 | 63,924,000 | 138,452,000 | 142,837,000 | 102,287,000 | 120,000 | 40,381,000 | 68,228,000 | -4,312,000 | 5,764,000 | 79,579,000 | 93,238,000 | 79,796,000 | 17,943,000 | 96,059,000 | 83,023,000 | 59,262,000 | 4,552,000 | 92,355,000 | 100,911,000 | 63,626,000 | 60,548,000 | 61,099,000 | 60,843,000 | 45,513,000 | 72,546,000 | 60,568,000 | 5,264,000 | 47,031,000 | 76,052,000 | 27,083,000 | 1,874,000 | 39,744,000 | 83,474,000 | 28,951,000 | 73,842,000 | 36,696,000 | 66,635,000 | 34,624,000 | 6,980,000 | 32,250,000 | 31,592,000 | 37,918,000 | 10,456,000 | 12,008,000 | 54,492,000 | 29,427,000 | 8,472,000 | 45,731,000 | 43,258,000 | ||||||||||
capital expenditures | 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 | 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 | 0 | 0 | 0 | 0 | ||||||||||
free cash flows | 85,690,000 | 68,687,000 | 95,603,000 | 20,467,000 | 82,863,000 | 122,945,000 | 111,854,000 | 1,741,000 | 49,364,000 | 121,451,000 | 113,706,000 | 12,033,000 | 101,859,000 | 105,853,000 | 95,425,000 | 63,924,000 | 138,452,000 | 142,837,000 | 102,287,000 | 120,000 | 40,381,000 | 68,228,000 | -4,312,000 | 5,764,000 | 79,579,000 | 93,238,000 | 79,796,000 | 17,943,000 | 96,059,000 | 83,023,000 | 59,262,000 | 4,552,000 | 92,355,000 | 100,911,000 | 63,626,000 | 60,548,000 | 61,099,000 | 60,843,000 | 45,513,000 | 72,546,000 | 60,568,000 | 5,264,000 | 47,031,000 | 76,052,000 | 27,083,000 | 1,874,000 | 39,744,000 | 83,474,000 | 28,951,000 | 73,842,000 | 36,696,000 | 66,635,000 | 34,624,000 | 6,980,000 | 32,250,000 | 31,592,000 | 37,918,000 | 10,456,000 | 12,008,000 | 54,492,000 | 29,427,000 | 8,472,000 | 45,731,000 | 43,258,000 | ||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in other property and equipment | -11,997,000 | -8,594,000 | -7,790,000 | -10,543,000 | -5,482,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in owned hotel properties | -21,564,000 | -19,631,000 | -30,214,000 | -35,462,000 | -25,511,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to investments in affiliates | -3,670,000 | -80,647,000 | -3,943,000 | -5,415,000 | -5,073,000 | -28,209,000 | -10,169,000 | -9,317,000 | -14,357,000 | -9,245,000 | -11,708,000 | -3,620,000 | 1,116,000 | -3,595,000 | -401,000 | -268,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuances of notes receivable | -534,000 | -2,998,000 | -1,401,000 | -1,952,000 | -13,589,000 | -22,926,000 | -437,000 | -1,042,000 | -4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collections of notes receivable | 4,337,000 | 263,000 | 1,286,000 | 1,487,000 | 29,823,000 | 534,000 | 859,000 | 884,000 | 929,000 | 627,000 | 8,959,000 | 337,000 | 274,000 | 638,000 | 0 | 63,000 | 1,381,000 | 5,050,000 | 0 | 63,000 | 3,740,000 | 5,049,000 | 346,000 | 5,096,000 | 250,000 | 19,000 | 3,235,000 | 116,000 | 59,000 | 151,000 | 4,739,000 | 2,000 | 6,000 | 7,000 | 28,000 | 5,018,000 | 27,000 | 10,000 | 134,000 | 65,000 | 123,000 | 2,000 | 66,000 | 111,000 | 81,000 | 176,000 | 1,206,000 | |||||||||||||||||||||||||||
business acquisition, net of cash acquired | 0 | 0 | 0 | 0 | 0 | -231,317,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of assets | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of equity securities | 0 | 91,334,000 | 15,585,000 | 1,230,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from sales of affiliates | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other items | -6,979,000 | 5,676,000 | -134,000 | -1,067,000 | -3,831,000 | 41,000 | -33,000 | -233,000 | -1,344,000 | 1,073,000 | 245,000 | -771,000 | -448,000 | 2,013,000 | 224,000 | -529,000 | -1,124,000 | 371,000 | -150,000 | -446,000 | -41,000 | 14,000 | -33,000 | -2,151,000 | 112,000 | 197,000 | 25,000 | -1,297,000 | 0 | -1,000 | 114,000 | -4,000 | 433,000 | -111,000 | -175,000 | -136,000 | -607,000 | -8,951,000 | -184,000 | -77,000 | -50,000 | -296,000 | -142,000 | -154,000 | -150,000 | -274,000 | -203,000 | -101,000 | -111,000 | -96,000 | -118,000 | -108,000 | -252,000 | -120,000 | -97,000 | -95,000 | -23,000 | 65,000 | -237,000 | -124,000 | -137,000 | -201,000 | -172,000 | -74,000 | 270,000 | -913,000 | 49,000 | -101,000 | -260,000 | -109,000 | ||||
net cash from investing activities | -40,407,000 | -82,709,000 | -42,196,000 | -52,952,000 | -21,208,000 | -1,331,000 | -19,296,000 | -42,736,000 | -162,361,000 | -44,115,000 | -29,687,000 | -29,463,000 | 41,231,000 | -459,670,000 | -1,524,000 | -22,467,000 | -26,357,000 | -19,616,000 | -23,240,000 | -9,713,000 | 6,057,000 | -1,003,000 | -14,708,000 | -14,825,000 | -31,001,000 | -174,899,000 | -40,987,000 | -4,280,000 | -21,405,000 | -27,159,000 | -31,503,000 | -241,185,000 | -41,268,000 | -12,356,000 | 801,000 | -7,745,000 | -6,789,000 | -13,816,000 | -38,437,000 | -9,175,000 | -8,891,000 | -1,496,000 | -6,973,000 | -6,499,000 | -4,745,000 | -5,587,000 | -15,161,000 | -6,254,000 | -3,790,000 | -3,942,000 | -5,333,000 | -7,603,000 | -4,048,000 | -3,281,000 | -2,899,000 | -4,937,000 | ||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings (repayments) pursuant to revolving credit facilities | -29,500,000 | 40,275,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of long-term debt | 0 | 24,000 | 200,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from economic development loans | 1,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | 0 | -5,309,000 | -798,000 | 0 | 0 | -755,000 | -20,000 | 0 | 0 | 0 | -4,128,000 | -3,636,000 | 0 | -1,676,000 | 0 | -914,000 | 0 | 0 | -6,000 | -4,600,000 | 0 | 0 | -149,000 | -2,207,000 | 4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of treasury stock | -25,346,000 | -202,000 | -48,132,000 | -64,624,000 | -31,779,000 | -56,253,000 | -233,252,000 | -59,459,000 | -58,372,000 | -69,945,000 | -73,967,000 | -160,488,000 | -188,237,000 | -1,473,000 | -143,000 | -7,271,000 | -5,680,000 | -19,421,000 | -8,857,000 | -50,206,000 | -17,000 | -6,227,000 | -19,213,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | -13,278,000 | -13,326,000 | -13,397,000 | -13,471,000 | -13,009,000 | -13,634,000 | -14,126,000 | -14,728,000 | -14,384,000 | -14,539,000 | -14,713,000 | -12,821,000 | -12,848,000 | -13,244,000 | -13,249,000 | -13,204,000 | -12,516,000 | 0 | -46,000 | -12,437,000 | -12,791,000 | -11,986,000 | -11,972,000 | -11,968,000 | -12,163,000 | -12,087,000 | -12,174,000 | -12,189,000 | -12,265,000 | -12,168,000 | -12,150,000 | -12,194,000 | -12,139,000 | -11,492,000 | -11,497,000 | -11,581,000 | -11,612,000 | -11,041,000 | -11,233,000 | -11,230,000 | -11,710,000 | -10,762,000 | -10,810,000 | -11,173,000 | -10,784,000 | -10,773,000 | -10,765,000 | -10,758,000 | -503,000 | -21,341,000 | -611,355,000 | -10,683,000 | -10,713,000 | -10,824,000 | -11,001,000 | -10,972,000 | -10,950,000 | -10,924,000 | -10,960,000 | -10,979,000 | -10,945,000 | -10,939,000 | -11,014,000 | -11,164,000 | -11,157,000 | -11,516,000 | -10,613,000 | -10,529,000 | -10,484,000 | -10,617,000 | -9,771,000 | |||
proceeds from the exercise of stock options | -647,000 | 1,103,000 | 1,582,000 | 4,803,000 | 8,246,000 | 5,018,000 | 101,000 | 4,160,000 | -374,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -53,171,000 | 6,307,000 | -35,447,000 | 32,208,000 | -79,542,000 | -123,604,000 | -75,037,000 | 56,473,000 | 103,072,000 | -76,881,000 | -79,568,000 | 7,440,000 | -154,657,000 | -200,235,000 | -13,463,000 | -25,795,000 | -15,605,000 | -15,868,000 | 5,954,000 | -2,201,000 | -3,926,000 | -189,619,000 | 11,010,000 | 297,933,000 | -46,724,000 | 79,068,000 | -36,287,000 | -8,552,000 | -78,712,000 | -61,986,000 | -26,824,000 | 38,105,000 | 8,200,000 | 64,192,000 | 9,773,000 | -61,413,000 | 205,000 | -40,169,000 | -51,427,000 | -19,022,000 | -39,630,000 | -32,690,000 | -18,353,000 | -4,397,000 | -15,936,000 | -58,818,000 | -13,455,000 | -2,984,000 | -23,751,000 | -39,024,000 | -30,675,000 | -1,660,000 | -15,257,000 | -40,054,000 | -20,152,000 | -250,000 | -43,809,000 | -38,297,000 | ||||||||||||||||
net change in cash and cash equivalents | -7,888,000 | -7,715,000 | 17,960,000 | -277,000 | -17,887,000 | -1,990,000 | 17,521,000 | 15,478,000 | -9,925,000 | 455,000 | 4,451,000 | -9,990,000 | -11,567,000 | -554,052,000 | 80,438,000 | 15,662,000 | 96,490,000 | 107,353,000 | 85,001,000 | -11,794,000 | 42,512,000 | -122,394,000 | -8,010,000 | 288,872,000 | 1,854,000 | -2,593,000 | 2,522,000 | 5,111,000 | -4,058,000 | -6,122,000 | 935,000 | -198,528,000 | -3,470,000 | 40,413,000 | 9,957,000 | -15,418,000 | -2,768,000 | -1,824,000 | 14,097,000 | -21,000 | -5,552,000 | -30,433,000 | 29,927,000 | -13,331,000 | -28,256,000 | 34,249,000 | 36,216,000 | 6,496,000 | 7,663,000 | 16,880,000 | 5,470,000 | 6,194,000 | 19,117,000 | -370,696,000 | 393,996,000 | -16,106,000 | -17,652,000 | 34,653,000 | 14,170,000 | -15,201,000 | 11,264,000 | 6,573,000 | 6,008,000 | -2,258,000 | 4,077,000 | 1,373,000 | 3,453,000 | 4,854,000 | -8,582,000 | 6,835,000 | 5,227,000 | 4,941,000 | -977,000 | 24,000 |
effect of foreign exchange rate changes on cash and cash equivalents | 302,000 | 1,688,000 | 596,000 | 154,000 | -501,000 | 146,000 | 777,000 | -121,000 | 247,000 | -190,000 | 37,000 | 103,000 | 592,000 | -592,000 | -462,000 | -58,000 | -1,000 | -212,000 | 13,000 | -24,000 | 300,000 | 222,000 | 195,000 | -684,000 | 343,000 | -245,000 | 75,000 | 57,000 | -216,000 | -110,000 | -621,000 | 26,000 | -42,000 | 478,000 | 528,000 | 427,000 | -722,000 | -111,000 | -281,000 | 652,000 | -268,000 | -956,000 | 179,000 | -1,004,000 | -1,257,000 | -1,399,000 | 448,000 | 587,000 | -1,006,000 | 468,000 | -1,905,000 | -146,000 | -4,000 | 370,000 | 82,000 | 361,000 | -25,000 | -880,000 | 386,000 | 347,000 | 447,000 | 2,049,000 | -675,000 | -19,000 | 148,000 | 462,000 | 962,000 | -139,000 | -1,265,000 | |||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 40,177,000 | 0 | 0 | 0 | 26,754,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | -7,586,000 | -6,027,000 | 18,556,000 | 40,054,000 | -18,388,000 | -1,844,000 | 18,298,000 | 42,111,000 | -9,678,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings pursuant to revolving credit facilities | 18,482,000 | 24,500,000 | 105,500,000 | -147,000,000 | 175,000,000 | 126,500,000 | 6,500,000 | 9,000,000 | 176,000,000 | -226,500,000 | 396,800,000 | 88,400,000 | -33,000,000 | 42,400,000 | -1,000,000 | 70,000,000 | 400,000 | 22,800,000 | -27,019,000 | -35,136,000 | 8,683,000 | 79,267,000 | -2,800,000 | 18,000,000 | 7,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments during the period for | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes, net of refunds and transferable tax credits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest, net of capitalized interest | 31,454,000 | 12,616,000 | 32,268,000 | 13,339,000 | 23,267,000 | 19,596,000 | 16,152,000 | 15,445,000 | 13,396,000 | 10,217,000 | 15,077,000 | 7,152,000 | 14,462,000 | 7,420,000 | 14,634,000 | 7,536,000 | 14,349,000 | 10,621,000 | 12,627,000 | 21,043,000 | 1,241,000 | 19,885,000 | 20,188,000 | 1,676,000 | 19,882,000 | 19,913,000 | 1,332,000 | 19,874,000 | 19,900,000 | 1,323,000 | 19,712,000 | 869,000 | 19,387,000 | 1,071,000 | 18,729,000 | |||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared but not paid | -5,000 | -87,000 | 13,391,000 | -114,000 | -534,000 | 14,147,000 | 103,000 | 151,000 | 14,985,000 | 360,000 | -473,000 | -1,000 | 13,250,000 | 691,000 | -4,000 | -12,267,000 | 12,313,000 | 4,000 | 4,000 | 11,970,000 | -27,000 | -3,000 | 12,117,000 | 34,000 | -62,000 | 12,195,000 | 1,000 | -82,000 | 11,580,000 | 507,000 | -192,000 | 3,000 | 11,230,000 | 412,000 | -46,000 | -363,000 | 11,173,000 | 12,000 | 7,000 | 7,000 | 10,759,000 | |||||||||||||||||||||||||||||||||
investments in property, equipment, and intangible assets recognized in accounts payable and accrued expense liabilities | -138,000 | 3,242,000 | 17,337,000 | 8,567,000 | -3,065,000 | 14,020,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes, net of refunds | 38,519,000 | 3,029,000 | 35,773,000 | 26,634,000 | 2,327,000 | 38,410,000 | 30,601,000 | 1,603,000 | 34,493,000 | 41,335,000 | 39,631,000 | 513,000 | 48,310,000 | 41,121,000 | 16,785,000 | 323,000 | 90,000 | 1,024,000 | 10,247,000 | 14,627,000 | 807,000 | 28,336,000 | 17,436,000 | 5,034,000 | 441,000 | 29,359,000 | 1,454,000 | 19,585,000 | 8,292,000 | 4,208,000 | 22,516,000 | 11,422,000 | 18,695,000 | 2,357,000 | 25,962,000 | 32,006,000 | 13,752,000 | 5,842,000 | 34,523,000 | 1,338,000 | 10,623,000 | 1,029,000 | 25,848,000 | 11,309,000 | 12,645,000 | 1,746,000 | 28,261,000 | 9,696,000 | 3,770,000 | 3,756,000 | 23,566,000 | 14,640,000 | 8,173,000 | 3,748,000 | 17,487,000 | 15,241,000 | 1,255,000 | 230,000 | 20,421,000 | 12,219,000 | 12,817,000 | 351,000 | 26,361,000 | 29,102,000 | ||||||||||
non-cash interest, investments, and affiliate loss | 1,515,000 | 2,510,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization - other expenses from franchised and managed properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of long-lived assets | -12,000 | -33,000 | 0 | 7,304,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of business and assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of assets and business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the termination of intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to extinguish acquired debt | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from acquired derivative | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization – other expenses from franchised and managed properties | 6,439,000 | 6,769,000 | 7,028,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments for employee benefit plans | -394,000 | -477,000 | -1,633,000 | -516,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in intangible assets | -431,000 | -263,000 | -1,439,000 | -121,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of investments for employee benefit plans | 40,000 | 551,000 | 1,591,000 | 346,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in property and equipment | -40,762,000 | -32,777,000 | -34,874,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of affiliates | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of business and assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest, investment, and affiliate loss | -7,038,000 | 1,389,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset acquisitions, net of cash paid | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received from extinguishment of notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayments) borrowings pursuant to revolving credit facilities | -280,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of term loan | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on long-term debt | -6,942,000 | -433,546,000 | -130,000 | -33,239,000 | -123,000 | -125,000 | -123,000 | -126,000 | -115,000 | -251,000 | -111,000 | -176,000 | -175,000 | -156,000 | -153,000 | -152,000 | -213,000 | -305,000 | -318,000 | -307,000 | -124,025,000 | -3,087,000 | -3,082,000 | -2,998,000 | -2,998,000 | -2,060,000 | -2,052,000 | -2,046,000 | -2,063,000 | -2,049,000 | -2,046,000 | -5,000 | ||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization – marketing and reservation system | 8,963,000 | 9,305,000 | 9,276,000 | 7,454,000 | 7,154,000 | 6,288,000 | 6,261,000 | 5,815,000 | 5,409,000 | 4,712,000 | 4,873,000 | 3,756,000 | 4,078,000 | 4,521,000 | 4,639,000 | 4,977,000 | 5,071,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisitions, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on 2012 senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in property, equipment and intangible assets acquired in accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset acquisition from extinguishment of note receivable | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale and disposal of business and assets | -13,379,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock compensation and other charges | 13,059,000 | 10,630,000 | 11,454,000 | 7,982,000 | 11,269,000 | 5,026,000 | 4,942,000 | 4,290,000 | 3,033,000 | -2,575,000 | 5,182,000 | 4,260,000 | 4,184,000 | 3,989,000 | 4,531,000 | 3,739,000 | 3,929,000 | 3,787,000 | 2,971,000 | 13,560,000 | 3,128,000 | 3,681,000 | 4,421,000 | 3,071,000 | 4,612,000 | 3,354,000 | 2,876,000 | 3,530,000 | 2,890,000 | 2,509,000 | 1,613,000 | 3,382,000 | 1,824,000 | 2,887,000 | 2,633,000 | 3,057,000 | 3,032,000 | 2,549,000 | 5,069,000 | 2,438,000 | 2,325,000 | 2,543,000 | 4,249,000 | 2,826,000 | 2,923,000 | 4,513,000 | 2,335,000 | 1,672,000 | 2,627,000 | 2,670,000 | 4,965,000 | 2,195,000 | 4,195,000 | 2,406,000 | 925,000 | 2,194,000 | 4,457,000 | 3,338,000 | 2,228,000 | 2,273,000 | ||||||||||||||
equity in net gain of affiliates, less distributions received | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in property and equipment | -26,118,000 | -19,566,000 | -23,870,000 | -16,218,000 | -23,057,000 | -26,809,000 | -28,196,000 | -22,705,000 | -14,029,000 | -9,364,000 | -1,427,000 | -11,082,000 | -14,865,000 | -6,229,000 | -11,207,000 | -7,958,000 | -23,271,000 | -14,906,000 | -13,544,000 | -12,518,000 | -16,615,000 | -4,996,000 | -5,923,000 | -6,827,000 | -5,969,000 | -4,718,000 | -7,607,000 | -6,672,000 | -5,606,000 | -5,306,000 | -5,955,000 | -7,256,000 | -7,750,000 | -6,804,000 | -9,060,000 | -4,572,000 | -4,299,000 | -3,015,000 | -5,082,000 | -5,437,000 | -7,360,000 | -13,645,000 | -2,918,000 | -6,289,000 | -3,107,000 | -3,129,000 | -2,795,000 | -3,019,000 | -3,275,000 | -1,835,000 | -6,695,000 | -5,424,000 | -7,691,000 | -4,558,000 | -3,596,000 | -2,550,000 | -2,921,000 | -2,068,000 | -4,738,000 | -2,413,000 | -2,854,000 | -2,606,000 | -3,229,000 | -2,948,000 | ||||||||||
investment in intangible assets | -288,000 | -1,097,000 | -384,000 | -1,423,000 | -616,000 | -1,208,000 | -460,000 | -137,000 | -2,091,000 | -885,000 | -147,000 | -382,000 | 174,000 | -1,004,000 | -3,040,000 | -2,622,000 | -277,000 | -760,000 | -138,000 | -336,000 | -136,000 | -1,193,000 | -141,000 | -148,000 | -140,000 | -2,088,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets and business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset acquisition, net of cash acquired | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity method investments | 0 | 868,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments, employee benefit plans | -536,000 | -2,670,000 | -466,000 | -425,000 | -476,000 | -2,818,000 | -426,000 | -348,000 | -380,000 | -551,000 | -308,000 | -322,000 | -388,000 | -1,544,000 | -427,000 | -472,000 | -673,000 | -1,603,000 | -454,000 | -394,000 | -378,000 | -1,669,000 | -307,000 | -404,000 | -312,000 | -1,424,000 | -231,000 | -290,000 | -244,000 | -896,000 | -243,000 | -1,241,000 | -647,000 | -1,089,000 | -1,274,000 | -300,000 | -330,000 | -890,000 | -831,000 | -265,000 | -338,000 | -1,242,000 | -506,000 | -222,000 | -226,000 | -743,000 | -551,000 | 88,000 | -242,000 | -897,000 | -552,000 | -192,000 | -100,000 | -1,104,000 | -615,000 | -775,000 | -461,000 | -2,003,000 | -894,000 | -840,000 | -1,663,000 | -4,405,000 | -1,558,000 | -1,427,000 | ||||||||||
proceeds from sales of investments, employee benefit plans | 383,000 | 716,000 | 12,000 | 42,000 | 1,000 | 1,853,000 | 122,000 | 493,000 | 2,000 | 1,992,000 | 106,000 | 471,000 | 204,000 | 1,697,000 | 20,000 | 483,000 | 77,000 | 1,637,000 | 179,000 | 818,000 | 799,000 | 1,029,000 | 95,000 | 56,000 | 1,251,000 | 843,000 | 516,000 | 259,000 | 773,000 | 363,000 | 250,000 | 1,833,000 | 162,000 | 925,000 | -2,000 | 325,000 | 360,000 | 281,000 | 116,000 | 118,000 | 52,000 | 3,882,000 | 314,000 | 1,940,000 | 317,000 | 8,652,000 | ||||||||||||||||||||||||||||
issuance of notes receivable | -624,000 | -3,660,000 | -30,000 | -3,630,000 | -742,000 | -1,245,000 | 0 | -2,115,000 | -1,952,000 | -5,778,000 | -9,955,000 | -5,890,000 | -3,122,000 | -1,755,000 | -7,169,000 | -1,729,000 | -27,620,000 | -1,485,000 | -2,101,000 | -3,719,000 | -8,446,000 | -1,669,000 | -1,174,000 | -1,477,000 | -2,885,000 | -893,000 | -7,474,000 | -534,000 | -264,000 | -402,000 | -381,000 | -948,000 | -999,000 | -4,727,000 | -909,000 | -775,000 | -1,329,000 | -2,811,000 | ||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 112,000 | 5,504,000 | 1,448,000 | 2,000 | 148,000 | 2,211,000 | 237,000 | 1,702,000 | 6,270,000 | 2,845,000 | 3,588,000 | 3,847,000 | 1,533,000 | 1,235,000 | 2,891,000 | 2,248,000 | 7,068,000 | 9,203,000 | 205,000 | 3,096,000 | 15,007,000 | 23,052,000 | 4,308,000 | 3,209,000 | 1,627,000 | 4,963,000 | 6,149,000 | 2,568,000 | 97,000 | 4,137,000 | 675,000 | 685,000 | 77,000 | 5,619,000 | 5,114,000 | 3,437,000 | 0 | 1,547,000 | 2,187,000 | 704,000 | 606,000 | 5,367,000 | 2,395,000 | 4,250,000 | 56,000 | 389,000 | 119,000 | 594,000 | 894,000 | 2,238,000 | 1,136,000 | 6,000 | 667,000 | 648,000 | 2,414,000 | 2,141,000 | 1,892,000 | 2,711,000 | 2,941,000 | 171,000 | 3,119,000 | 2,795,000 | 656,000 | 577,000 | ||||||||||
cash and cash equivalents at beginning of period | 0 | 41,566,000 | 0 | 0 | 0 | 511,605,000 | 0 | 0 | 0 | 234,779,000 | 0 | 0 | 0 | 33,766,000 | 0 | 0 | 0 | 26,642,000 | 0 | 0 | 0 | 235,336,000 | 0 | 0 | 0 | 202,463,000 | 0 | 0 | 0 | 193,441,000 | 0 | 0 | 0 | 214,879,000 | 0 | 0 | 0 | 167,795,000 | 0 | 0 | 0 | 134,177,000 | 0 | 0 | 0 | 107,057,000 | 0 | 0 | 0 | 91,259,000 | 0 | 0 | 0 | 67,870,000 | 0 | 0 | 0 | 52,680,000 | 0 | 0 | 0 | 46,377,000 | 0 | 0 | ||||||||||
cash and cash equivalents at end of period | 4,488,000 | 31,679,000 | -10,975,000 | -554,644,000 | 79,976,000 | 527,209,000 | 96,489,000 | 107,141,000 | 85,014,000 | 222,961,000 | 42,812,000 | -122,172,000 | -7,815,000 | 321,954,000 | 2,197,000 | -2,838,000 | 2,597,000 | 31,810,000 | -4,274,000 | -6,232,000 | 314,000 | 36,834,000 | -3,512,000 | 40,891,000 | 10,485,000 | 187,472,000 | -3,490,000 | -1,935,000 | 13,816,000 | 194,072,000 | -5,820,000 | -31,389,000 | 30,106,000 | 200,544,000 | -29,513,000 | 32,850,000 | 36,664,000 | 174,878,000 | 6,657,000 | 17,348,000 | 3,565,000 | 140,225,000 | 19,113,000 | -370,326,000 | 394,078,000 | 91,312,000 | -17,677,000 | 33,773,000 | 14,556,000 | 76,405,000 | 11,711,000 | 8,622,000 | 5,333,000 | 65,593,000 | 4,225,000 | 1,835,000 | 4,415,000 | 57,395,000 | -9,847,000 | 5,982,000 | 5,227,000 | 51,318,000 | -977,000 | 24,000 | ||||||||||
investment in property, equipment and intangibles acquired in accounts payable and accrued liabilities | 2,012,000 | 6,704,000 | 31,000 | -363,000 | 1,586,000 | 4,129,000 | -3,402,000 | 2,835,000 | 1,300,000 | 2,785,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization - franchise agreement acquisition cost | 4,637,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest and investment loss | -1,442,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of business and assets | 107,661,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization - marketing and reservation system | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale and disposal of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in working capital and other, net of acquisition | 32,292,000 | 47,825,000 | -31,343,000 | -42,283,000 | 18,692,000 | -2,787,000 | -6,715,000 | -31,014,000 | 47,028,000 | 16,199,000 | -28,904,000 | -36,354,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of assets | 0 | 0 | 0 | 10,585,000 | 0 | 1,000 | 6,660,000 | 0 | 1,700,000 | 64,000 | 4,691,000 | 1,592,000 | 3,396,000 | 3,513,000 | 8,703,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset acquisitions, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of tax credits for rehabilitation of historic building | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from termination of intangibles | 39,013,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions and sales proceeds from investments in affiliates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of 2020 senior notes | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to extinguish long-term debt | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments during the year for | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization – marketing, reservation, and system | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock compensation and other charges | 10,851,000 | 10,215,000 | 7,555,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and investment loss | 1,676,000 | 5,550,000 | 1,909,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | -338,000 | -14,802,000 | -4,677,000 | -316,000 | -5,046,000 | -622,000 | -464,000 | -54,072,000 | -2,333,000 | -10,486,000 | -31,951,000 | -38,693,000 | -28,704,000 | -41,869,000 | -4,530,000 | -281,000 | -33,000 | -17,000 | -3,634,000 | -359,000 | -54,000 | -7,319,000 | -14,854,000 | -28,821,000 | -22,269,000 | -320,000 | -2,207,000 | -41,000 | -1,929,000 | -306,000 | -8,936,000 | -2,086,000 | -20,692,000 | -17,042,000 | -19,308,000 | -62,164,000 | -62,000 | -60,000 | -1,446,000 | -29,186,000 | -109,408,000 | |||||||||||||||||||||||||||||||||
gain on sale of asset | -29,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of asset | 8,494,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill | 0 | 0 | 0 | 3,097,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of business | 8,000 | 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest, investment, and affiliate income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment on business disposition | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long term debt | 398,513,000 | 3,148,000 | 12,224,000 | 8,491,000 | 8,509,000 | 176,000 | 140,000 | 212,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on transfer of interest in notes receivable | -24,409,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on impairment of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest and other investment income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net losses from unconsolidated joint ventures, less distributions received | 1,023,000 | 1,401,000 | 5,997,000 | 8,119,000 | 1,732,000 | 3,483,000 | 2,105,000 | 328,000 | 6,854,000 | 1,426,000 | 3,954,000 | 267,000 | 420,000 | -33,000 | 6,735,000 | 2,301,000 | 735,000 | 1,157,000 | 2,386,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to equity method investments | -1,014,000 | -168,000 | -968,000 | -834,000 | -1,623,000 | -796,000 | -2,201,000 | -10,499,000 | -3,653,000 | -5,181,000 | -8,495,000 | -554,000 | -1,844,000 | -5,751,000 | -1,455,000 | -5,678,000 | -2,749,000 | -10,517,000 | -31,610,000 | -10,482,000 | -4,491,000 | -15,395,000 | -4,293,000 | -19,926,000 | -1,365,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
distributions and sale proceeds from equity method investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase/issuance of notes receivable | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collection of notes receivable | 0 | 0 | 63,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments during the period for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on asset disposition and impairments | 4,290,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on debt extinguishment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest and other investment loss | -4,765,000 | -2,059,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from equity method investments | 1,000 | 249,000 | 2,956,000 | 157,000 | 400,000 | 2,332,000 | 1,785,000 | 5,724,000 | 0 | 219,000 | 444,000 | 766,000 | 262,000 | 2,611,000 | 1,186,000 | 510,000 | 0 | 81,000 | 3,552,000 | 67,000 | 248,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings pursuant to term loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of assets | 78,000 | 8,000 | -69,000 | -2,120,000 | 31,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of unconsolidated joint venture | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(payments on) proceeds from transfer of interest in notes receivable | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest and other income | -1,593,000 | -350,000 | -1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of tax credits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 150,056,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for credit losses | 16,989,000 | 7,686,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest and other loss | -3,242,000 | 4,339,000 | 295,000 | -415,000 | -2,495,000 | -316,000 | -166,000 | 974,000 | -321,000 | -177,000 | 27,000 | -301,000 | -151,000 | 61,000 | 90,000 | -2,846,000 | -3,056,000 | 949,000 | 4,811,000 | 2,773,000 | 139,000 | 1,577,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in property and equipment acquired in accounts payable | -1,392,000 | 2,709,000 | -8,000 | -4,149,000 | 5,732,000 | -1,650,000 | 3,019,000 | 374,000 | -137,000 | 171,000 | 724,000 | -120,000 | -270,000 | 944,000 | 2,106,000 | -47,000 | 278,000 | 1,380,000 | 202,000 | 85,000 | 603,000 | -105,000 | -5,333,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
franchise agreement acquisition cost, net of reimbursements | -7,122,000 | -13,352,000 | -6,470,000 | -12,721,000 | -6,401,000 | -12,375,000 | -20,228,000 | -8,401,000 | -11,925,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for bad debts | 2,518,000 | 2,187,000 | 552,000 | 2,983,000 | 4,263,000 | 1,923,000 | 967,000 | 3,389,000 | 1,644,000 | 880,000 | 355,000 | 561,000 | 131,000 | 164,000 | 634,000 | 778,000 | 900,000 | 393,000 | 350,000 | 8,563,000 | 599,000 | 227,000 | 44,000 | 772,000 | 661,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on long-term debt, including premium on extinguishment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from other debt agreements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from transfer of interest in notes receivable | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of assets | 24,000 | 28,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of mezzanine and other notes receivable | -16,505,000 | -2,500,000 | -1,173,000 | -3,588,000 | -5,114,000 | -9,863,000 | -12,323,000 | -7,233,000 | -5,561,000 | -7,487,000 | -11,631,000 | -23,753,000 | 0 | -1,117,000 | -1,636,000 | -587,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collections of mezzanine and other notes receivable | 3,355,000 | 150,000 | 25,000 | 78,000 | 30,000 | 522,000 | 30,000 | 882,000 | 10,049,000 | 109,000 | 1,152,000 | 130,000 | 3,462,000 | 105,000 | 1,457,000 | 89,000 | 9,675,000 | 68,000 | 9,524,000 | 23,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities, net of acquisition: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | 24,394,000 | -6,847,000 | -29,308,000 | -11,365,000 | 20,507,000 | -3,368,000 | -24,585,000 | -14,473,000 | 24,933,000 | 4,324,000 | -17,232,000 | -11,624,000 | 16,247,000 | 9,021,000 | -32,027,000 | -7,491,000 | 6,969,000 | 7,457,000 | -17,625,000 | -3,531,000 | 12,166,000 | -5,147,000 | -11,388,000 | -870,000 | 7,709,000 | -4,436,000 | -9,808,000 | -1,250,000 | 5,282,000 | -4,450,000 | -9,626,000 | -435,000 | 8,613,000 | -7,635,000 | -6,229,000 | 4,455,000 | 4,288,000 | -3,539,000 | -2,696,000 | -2,411,000 | 12,826,000 | -8,501,000 | ||||||||||||||||||||||||||||||||
advances to/from marketing and reservation activities | -2,867,000 | -39,804,000 | -7,267,000 | 14,617,000 | -902,000 | 4,626,000 | 9,992,000 | 28,665,000 | 26,213,000 | 5,309,000 | 18,649,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
forgivable notes receivable | -9,195,000 | -7,335,000 | -9,625,000 | -4,483,000 | -2,301,000 | -1,935,000 | -6,710,000 | -6,464,000 | -2,037,000 | -1,843,000 | -5,815,000 | -13,371,000 | -4,138,000 | -2,084,000 | -3,069,000 | -3,623,000 | -2,625,000 | -2,127,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | -7,224,000 | 724,000 | 9,752,000 | 9,203,000 | -10,157,000 | -14,099,000 | 14,547,000 | -3,980,000 | 1,382,000 | -11,879,000 | 18,142,000 | -1,152,000 | -12,209,000 | 13,529,000 | 6,236,000 | 2,080,000 | 1,024,000 | -8,613,000 | -578,000 | 10,471,000 | -5,969,000 | -350,000 | -382,000 | 6,712,000 | -6,319,000 | -1,558,000 | 7,801,000 | -1,775,000 | -530,000 | -2,769,000 | 5,749,000 | 3,294,000 | -6,218,000 | -3,584,000 | 10,618,000 | -9,095,000 | 2,923,000 | -7,503,000 | 4,846,000 | -13,404,000 | 14,017,000 | -274,000 | ||||||||||||||||||||||||||||||||
accrued expenses and other current liabilities | 18,716,000 | -254,000 | 13,762,000 | -25,048,000 | 19,486,000 | -5,419,000 | 15,679,000 | -24,521,000 | 19,249,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable/receivable | 51,497,000 | -25,743,000 | -7,383,000 | 13,012,000 | -13,444,000 | 10,160,000 | 10,857,000 | -1,798,000 | -15,465,000 | 8,616,000 | -323,000 | 2,773,000 | -11,563,000 | -7,217,000 | 12,038,000 | 3,160,000 | -19,831,000 | 22,909,000 | -2,638,000 | 4,367,000 | -15,979,000 | 978,000 | 3,628,000 | 8,180,000 | -18,916,000 | 2,950,000 | 10,222,000 | 1,182,000 | -13,357,000 | 448,000 | 6,825,000 | 4,667,000 | -14,151,000 | 2,221,000 | 11,772,000 | 8,321,000 | -18,620,000 | 11,433,000 | -350,000 | 5,667,000 | ||||||||||||||||||||||||||||||||||
deferred revenue | 4,147,000 | 1,589,000 | -10,518,000 | 12,579,000 | 11,670,000 | 7,812,000 | 1,706,000 | 40,458,000 | 3,129,000 | -1,919,000 | -3,511,000 | 7,552,000 | 546,000 | -1,480,000 | -1,701,000 | 7,932,000 | -175,000 | -6,368,000 | -8,478,000 | 5,160,000 | -5,830,000 | 12,422,000 | -6,401,000 | 1,997,000 | -7,852,000 | 15,838,000 | -11,172,000 | 4,709,000 | -4,030,000 | 13,968,000 | -3,663,000 | 9,138,000 | -699,000 | -734,000 | -2,881,000 | 8,964,000 | -2,841,000 | -2,844,000 | -1,770,000 | 5,906,000 | 1,573,000 | -1,897,000 | ||||||||||||||||||||||||||||||||
other assets | 2,683,000 | 602,000 | 3,194,000 | -4,958,000 | 1,255,000 | 876,000 | -3,596,000 | -7,238,000 | -966,000 | 326,000 | 4,674,000 | -9,826,000 | -125,000 | -23,000 | 2,001,000 | -3,103,000 | -802,000 | -731,000 | 2,205,000 | -3,869,000 | 3,982,000 | -3,127,000 | -1,720,000 | -2,611,000 | -2,606,000 | 194,000 | 397,000 | -1,147,000 | -950,000 | -7,448,000 | 2,591,000 | -6,898,000 | 954,000 | 513,000 | 1,118,000 | 456,000 | -3,511,000 | 2,180,000 | 1,227,000 | -942,000 | -2,124,000 | 843,000 | ||||||||||||||||||||||||||||||||
other liabilities | 1,379,000 | -54,000 | -773,000 | -751,000 | 686,000 | 4,568,000 | -1,734,000 | -842,000 | 314,000 | 4,979,000 | 332,000 | 437,000 | 368,000 | 355,000 | 1,061,000 | -2,359,000 | 1,006,000 | 1,580,000 | 4,649,000 | 2,622,000 | -15,907,000 | -793,000 | 315,000 | -1,135,000 | 2,890,000 | -2,237,000 | 715,000 | -1,339,000 | 1,917,000 | 4,880,000 | 1,929,000 | -1,352,000 | 874,000 | -1,530,000 | 1,958,000 | -5,643,000 | -6,017,000 | -1,492,000 | 3,073,000 | 699,000 | -1,883,000 | -607,000 | ||||||||||||||||||||||||||||||||
proceeds from sale of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of real estate | -3,320,000 | 126,000 | 0 | -25,389,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments during the year for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances to/from marketing and reservation system activities | 26,290,000 | 17,623,000 | -216,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by investing activities | -10,972,000 | -19,471,000 | -47,832,000 | -12,130,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by financing activities | -37,468,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash sale of investment of unconsolidated joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided (used) by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by operating activities | 24,214,000 | -15,835,000 | 4,412,000 | -5,217,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from bad debts | 655,000 | 374,000 | 823,000 | 1,099,000 | 293,000 | 201,000 | 1,182,000 | 844,000 | 1,094,000 | 566,000 | 557,000 | 679,000 | 1,315,000 | -495,000 | 1,126,000 | 784,000 | 781,000 | 856,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest and other (income) loss | 667,000 | 834,000 | 506,000 | 1,338,000 | 1,117,000 | 303,000 | 416,000 | 76,000 | 925,000 | 187,000 | -871,000 | 1,294,000 | -987,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net incomees from unconsolidated joint ventures, less distributions received | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits from stock-based compensation | 745,000 | -171,000 | 1,575,000 | 322,000 | 272,000 | 140,000 | 4,473,000 | 1,424,000 | 978,000 | 295,000 | 1,024,000 | 244,000 | 70,000 | 194,000 | 952,000 | 766,000 | 152,000 | 219,000 | 422,000 | 119,000 | 47,000 | 227,000 | 834,000 | 294,000 | 319,000 | -37,000 | 49,000 | 1,460,000 | 2,341,000 | 1,339,000 | 694,000 | 5,482,000 | 350,000 | 2,218,000 | 2,085,000 | 1,339,000 | 1,105,000 | |||||||||||||||||||||||||||||||||||||
changes in assets and liabilities; net of acquisition: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash sale of investment in unconsolidated joint venture | 0 | 0 | 2,350,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity losses from unconsolidated joint ventures, net of distributions received | 362,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash used by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale of assets | 9,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity (earnings) losses from unconsolidated joint ventures, net of distributions received | 2,471,000 | 1,576,000 | 1,205,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by operating activities | -22,945,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity method investments | -1,921,000 | -3,427,000 | -7,416,000 | -3,567,000 | -3,379,000 | -1,924,000 | -1,910,000 | -851,000 | -1,000,000 | -10,831,000 | -3,139,000 | -3,715,000 | -2,600,000 | -1,400,000 | -2,000,000 | 0 | -1,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash acquired | 0 | 0 | 0 | -466,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, long-term debt assumed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | 17,083,000 | -24,052,000 | 17,760,000 | -5,835,000 | 14,614,000 | -19,861,000 | 13,162,000 | -4,294,000 | 12,682,000 | -31,145,000 | 22,685,000 | 7,350,000 | 7,683,000 | -25,342,000 | 16,930,000 | 420,000 | 7,927,000 | -18,931,000 | 11,840,000 | 5,391,000 | 4,010,000 | -10,611,000 | 4,465,000 | 1,413,000 | 1,541,000 | -8,708,000 | 2,210,000 | 4,269,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by investing activities | -2,021,000 | -7,269,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings pursuant to revolving credit facility | -7,700,000 | 20,700,000 | 15,000,000 | 5,900,000 | -2,800,000 | 16,200,000 | -11,800,000 | -5,700,000 | 25,400,000 | -29,900,000 | 85,100,000 | 6,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock pursuant to share based compensation plans | 1,292,000 | 6,952,000 | 149,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on disposal of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities, net of acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock pursuant to share based compensation plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends received from equity method investments | 555,000 | 365,000 | 181,000 | 336,000 | 574,000 | 389,000 | 146,000 | 455,000 | 456,000 | 823,000 | 157,000 | 537,000 | 470,000 | 518,000 | 331,000 | 322,000 | 166,000 | 507,000 | 235,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net (income) loss of affiliates | -171,000 | 128,000 | 55,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments pursuant to revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 19,531,000 | 982,000 | 19,613,000 | 1,083,000 | 20,211,000 | 1,633,000 | 20,400,000 | 1,288,000 | 7,967,000 | 311,000 | 7,388,000 | 429,000 | 7,420,000 | 369,000 | 7,309,000 | 112,000 | 583,000 | 695,000 | 646,000 | 740,000 | 1,010,000 | 1,365,000 | 1,893,000 | 2,127,000 | 2,418,000 | 4,831,000 | 2,002,000 | 5,417,000 | 2,459,000 | |||||||||||||||||||||||||||||||||||||||||||||
equity in net income of affiliates | 30,000 | 35,000 | 141,000 | -7,000 | 39,000 | 0 | -301,000 | -336,000 | -342,000 | -195,000 | -353,000 | -334,000 | -336,000 | -225,000 | -218,000 | -476,000 | -436,000 | -201,000 | -301,000 | -393,000 | -462,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) in investing activities | 3,574,000 | 1,027,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of restricted shares of common stock | 6,062,000 | 103,000 | 301,000 | 945,000 | 7,151,000 | 0 | 250,000 | 770,000 | 8,497,000 | 0 | 1,382,000 | 770,000 | 7,452,000 | 0 | 150,000 | 920,000 | 8,163,000 | 0 | 219,000 | 947,000 | 5,984,000 | 55,000 | 228,000 | 3,082,000 | 6,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
issuance of performance vested restricted stock units | 1,191,000 | 0 | 0 | 0 | 1,298,000 | 0 | 0 | 0 | 256,000 | 1,000 | 0 | 0 | 461,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligation | -145,000 | 623,000 | 0 | 430,000 | 55,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of treasury stock to employee stock purchase plan | 189,000 | 170,000 | 195,000 | 185,000 | 171,000 | 140,000 | 163,000 | 151,000 | 157,000 | 164,000 | 140,000 | 161,000 | 163,000 | 198,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net loss of affiliates | -421,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable – marketing and reservation fees | 1,156,000 | -4,101,000 | 23,200,000 | 3,798,000 | -6,187,000 | 9,913,000 | -2,408,000 | -8,979,000 | 15,402,000 | -7,087,000 | -10,909,000 | 5,771,000 | -9,143,000 | -10,370,000 | 10,406,000 | -4,676,000 | -9,533,000 | 15,517,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from (used) in financing activities | 18,136,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable—marketing and reservation fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of forward starting interest rate swap agreement | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of long-term debt | -169,000 | -167,000 | -166,000 | -61,000 | -8,000 | -5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
declaration of dividends | 611,375,000 | 10,651,000 | 10,684,000 | 10,660,000 | 10,874,000 | 10,980,000 | 10,992,000 | 10,929,000 | 10,952,000 | 10,963,000 | 10,971,000 | 10,942,000 | 10,910,000 | 11,040,000 | 11,167,000 | 11,115,000 | 11,555,000 | 10,582,000 | 10,558,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments pursuant to revolving credit facilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investments, employee benefit plans | 219,000 | 37,000 | 310,000 | 182,000 | 314,000 | 522,000 | 12,668,000 | 22,000 | 1,149,000 | 1,179,000 | 1,248,000 | 4,430,000 | 1,152,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings (repayments) pursuant to revolving credit facility | -6,400,000 | -6,001,000 | 79,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments of long-term debt | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, liabilities assumed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends received from equity method investees | 192,000 | 750,000 | 200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other | -5,365,000 | 4,039,000 | 3,275,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposition of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit realized related to stock options exercised | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | -3,966,000 |