Choice Hotels International, Inc. (CHH) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -23.17M | 85.69M | 68.69M | 95.6M | 20.47M | 82.86M | 122.94M | 111.85M | 1.74M | 49.36M | 121.45M | 113.71M | 12.03M | 101.86M | 105.85M | 95.42M | 63.92M | 138.45M | 142.84M | 102.29M |
| Operating CF Margin % | -6.8% | 21.96% | 15.35% | 22.42% | 6.15% | 21.26% | 28.73% | 25.7% | 0.52% | 13.77% | 28.54% | 26.6% | 3.62% | 28.14% | 25.55% | 25.93% | 24.8% | 48.64% | 44.17% | 36.75% |
| Operating CF Growth % | -213.23% | 3.41% | -44.13% | -14.53% | 1075.59% | 67.86% | 1.23% | -1.63% | -85.53% | -51.54% | 14.74% | 19.16% | -81.18% | -26.43% | -25.89% | -6.71% | 53170% | 242.86% | 109.35% | 2472.15% |
| Net Income | 20.3M | 63.68M | 180M | 81.73M | 44.53M | 75.42M | 105.72M | 87.14M | 31.01M | 28.95M | 92.02M | 84.71M | 52.82M | 55.51M | 103.08M | 106.17M | 67.39M | 64.08M | 116.66M | 85.88M |
| Depreciation & Amortization | 16.82M | 11.91M | 20.63M | 8.54M | 18.64M | 18M | 17.3M | 17.6M | 17.96M | 18.72M | 18.6M | 19.12M | 19.3M | 20.24M | 17.36M | 12.93M | 13.38M | 13.65M | 12.17M | 12.49M |
| Stock-Based Compensation | 8.43M | 10.81M | 8M | 9.6M | 9.83M | 10.8M | 13.19M | 8.66M | 10.6M | 12.14M | 10.98M | 13.06M | 10.63M | 14.35M | 10.85M | 10.21M | 7.55M | 11.45M | 7.98M | 11.27M |
| Deferred Taxes | 7.66M | 37.48M | -18.56M | 224K | 626K | 2.06M | -18.4M | -1.95M | -736K | 2.98M | -6.47M | -5.41M | 7.57M | 2.76M | -16.91M | -2.37M | -3.12M | 33.28M | -30.82M | -2.09M |
| Other Non-Cash Items | -20.09M | -56.98M | -102.59M | -43.09M | -14.57M | -21.38M | -32.31M | -15.07M | -23.59M | -28.71M | -21.35M | -14.76M | -24.48M | -20.77M | -11.99M | -7.96M | -6.54M | 7.63M | -10.14M | -11.42M |
| Working Capital Changes | -56.3M | 18.78M | -18.78M | 38.59M | -38.59M | -2.04M | 37.45M | 15.49M | -33.5M | 15.28M | 27.67M | 16.98M | -53.81M | 29.76M | 3.47M | -23.56M | -14.75M | 8.35M | 46.99M | 6.15M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.13M | 0 | 0 | 0 |
| Cash from Investing | -6.18M | -40.41M | -82.71M | -42.2M | -52.95M | -21.21M | -1.33M | -19.3M | -42.74M | -162.36M | -44.12M | -29.69M | -29.46M | 41.23M | -459.67M | -1.52M | -22.47M | -26.36M | -19.62M | -23.24M |
| Capital Expenditures | 0 | 28.23M | -28.23M | 46.01M | -46.01M | -30.99M | -41.32M | -40.76M | -32.78M | -34.87M | -35.72M | -26.12M | -19.57M | -24.25M | -17.64M | -23.67M | -28.02M | -28.66M | -22.84M | -16.12M |
| CapEx % of Revenue | 2.96% | 7.23% | 6.31% | 10.79% | 13.82% | 7.95% | 9.65% | 9.37% | 9.87% | 9.73% | 8.39% | 6.11% | 5.88% | 6.7% | 4.26% | 6.43% | 10.87% | 10.07% | 7.06% | 5.79% |
| Acquisitions | 0 | 80.65M | -154.04M | 5.42M | -5.42M | -5.07M | -28.21M | -10.17M | -9.32M | -14.36M | -10.11M | -11.71M | -2.75M | -139.44M | -446.37M | 32.49M | -268K | 14.93M | -12.84M | 11.66M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -2.31M | -64.96M | 99.56M | -84.26M | -1.53M | 14.54M | -24.92M | 16.53M | -239K | -540K | 2.02M | 8.29M | -5.19M | 205.38M | 4.72M | -9.87M | 6.78M | -12.32M | 15.93M | -18.4M |
| Cash from Financing | 28.29M | -53.17M | 6.31M | -35.45M | 32.21M | -79.54M | -123.6M | -75.04M | 56.47M | 103.07M | -76.88M | -79.57M | 7.44M | -154.66M | -200.24M | -13.46M | -25.8M | -15.61M | -15.87M | 5.95M |
| Debt Issued (Net) | 97M | -13.9M | 18.73M | 24.5M | 105.5M | -43M | -58.73M | 175M | 126.5M | 176.2M | 6.5M | 9M | 176M | 45M | 98.41M | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -55.6M | -25.99M | -202K | -46.55M | -64.62M | -31.78M | -51.23M | -233.25M | -59.46M | -58.75M | -69.94M | -73.97M | -160.49M | -188.24M | -231.39M | -338K | -14.8M | -3.33M | -4.68M | -316K |
| Dividends Paid | -13.12M | -13.28M | -13.33M | -13.4M | -13.47M | -13.01M | -13.63M | -14.13M | -14.73M | -14.38M | -14.54M | -14.71M | -12.82M | -12.85M | -13.24M | -13.25M | -13.2M | -12.52M | -12.53M | 0 |
| Share Repurchases | -56.48M | -25.99M | -202K | -48.13M | -64.62M | -31.78M | -56.25M | -233.25M | -59.46M | -58.37M | -69.94M | -73.97M | -160.49M | -188.24M | -231.39M | -338K | -14.8M | -3.33M | -4.68M | -316K |
| Other Financing | 0 | 0 | 1.1M | 0 | 4.8M | 8.25M | -291K | -2.66M | 4.16M | 0 | 1.1M | 112K | 4.75M | 1.43M | -54.01M | 124K | 2.21M | 237K | 1.34M | 6.27M |
| Net Change in Cash | -1.13M | -7.59M | -6.03M | 18.56M | -123K | -18.39M | -1.84M | 18.3M | 15.36M | -9.68M | 265K | 4.49M | -9.89M | -10.97M | -554.64M | 79.98M | 15.6M | 96.49M | 107.14M | 85.01M |
| Free Cash Flow | -33.24M | 113.92M | 40.46M | 141.61M | -25.54M | 54M | 79.49M | 71.09M | -31.04M | 14.37M | 85.22M | 87.3M | -8.63M | 77.61M | 88.21M | 71.75M | 35.91M | 109.8M | 120M | 86.17M |
| FCF Margin % | -9.76% | 29.2% | 9.04% | 33.21% | -7.67% | 13.86% | 18.57% | 16.34% | -9.35% | 4.01% | 20.03% | 20.42% | -2.59% | 21.44% | 21.29% | 19.5% | 13.93% | 38.57% | 37.11% | 30.96% |
| FCF Growth % | -30.16% | 110.94% | -49.1% | 99.19% | 17.71% | 275.83% | -6.73% | -18.57% | -259.63% | -81.48% | -3.39% | 21.67% | -124.03% | -29.32% | -26.49% | -16.73% | 454.5% | 182.93% | 111.39% | 553.44% |
| FCF per Share | -0.72 | 2.45 | 0.87 | 3.04 | -0.54 | 1.13 | 1.68 | 1.48 | -0.63 | 0.29 | 1.69 | 1.71 | -0.17 | 1.49 | 1.60 | 1.28 | 0.64 | 1.95 | 2.15 | 1.54 |
| FCF Conversion (FCF/Net Income) | -1.14x | 1.35x | 0.38x | 1.17x | 0.46x | 1.09x | 1.16x | 1.28x | 0.06x | 1.70x | 1.32x | 1.34x | 0.23x | 1.83x | 1.03x | 0.90x | 0.95x | 2.16x | 1.22x | 1.19x |
| Interest Paid | 0 | -76.34M | 31.45M | 12.62M | 32.27M | 10.97M | 13.34M | 23.27M | 19.6M | 15.78M | 16.15M | 15.45M | 13.4M | 10.22M | 15.08M | 7.15M | 14.46M | 7.42M | 14.63M | 7.54M |
| Taxes Paid | 0 | -75.99M | 34.44M | 38.52M | 3.03M | -64.73M | 35.77M | 26.63M | 2.33M | 23.73M | 38.41M | 30.6M | 1.6M | 34.49M | 41.34M | 39.63M | 513K | 48.31M | 41.12M | 16.79M |