choice hotels intl inc (CZH:Frankfurt)

Financial Statements for choice hotels intl inc (CZH)

Currency in Millions of US Dollars	As of:	Dec 31 2009 Reclassified	Dec 31 2010 Reclassified	Dec 31 2011	Dec 31 2012	4 Year Trend
Revenues		558.0	589.0	631.0	682.3
TOTAL REVENUES		564.2	596.1	638.8	691.5
Cost of Goods Sold		226.4	255.5	276.5	306.2
GROSS PROFIT		337.7	340.6	362.2	385.3
Selling General & Admin Expenses, Total		175.4	167.5	175.9	178.0
Depreciation & Amortization, Total		8.3	8.3	8.0	8.2
OTHER OPERATING EXPENSES, TOTAL		183.7	175.9	184.0	186.2
OPERATING INCOME		154.0	164.7	178.3	199.1
Interest Expense		-4.4	-6.7	-12.9	-27.2
Interest and Investment Income		0.3	0.5	1.3	1.5
Other Non-Operating Expenses, Total		6.7	3.6	-0.4	2.2
Other Non-Operating Income (Expenses)		5.6	2.4	-0.6	2.0
Merger & Restructuring Charges		--	--	-6.6	--
Other Unusual Items, Total		-5.9	-4.0	-1.6	-6.5
EBT, INCLUDING UNUSUAL ITEMS		150.6	158.2	158.1	169.2
Income Tax Expense		52.4	50.8	47.7	48.5
Earnings from Continuing Operations		98.3	107.4	110.4	120.7
NET INCOME		98.3	107.4	110.4	120.7
NET INCOME TO COMMON INCLUDING EXTRA ITEMS		97.3	106.3	109.3	119.4
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS		97.3	106.3	109.3	119.4

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