Solution-What are two accounts in the choice hotels income

What are two accounts in the choice hotels income statement

Reference no: EM132463765

*Common Size Income* Statements**	12 Months Ended
Consolidated Statements of income - USD (5)	Dec. 312018	% of Total revenue	Dec. IL 2017	% of Total revenue	Dec. 31 2016	% of Total revenue
REVENUES:
Royalty fees	S 376,676.000	36.17%	5 341,745000	36.31%	5 317.699,000	39.32%
*in mat franchise and* rein:cosine fees**	5 26,072010	230%	5 23,038,000	245%	$ 19.720,000	2.44%
Procurement services	5 52.0811000	5.00%	5 40451.000	4.30%	5 35.844,000	*4.44%*
Martenng and reservation system	5 543,677,000	52.21%	$ 499,625000	5308%	$ 409,120,000	5064%
Other	5 42,791000	4.11%	5 36438.000	3.87%	5 25526.000	3.16%
Total revenues	5 1041,304000	10100%	5 941,297,000	100.00%	5 807,909,000	10000%
OPERATING EXPENSES:
Selling, general and °Wm nisoiffive	S 170,027,000	16.33%	5 165,821,0:0	17.62%	$ 154,720,000	19.15%
Depreciation and amortization	S 14,330.030	138%	5 6680.000	0.71%	S 6.996.000	0.87%
marketing and reservation system	$ 534,266,002	52.31%	S 479,400,000	5093%	$ 459,765,000	56.91%
Total operating expenses	5 718,623.000	69.01%	5 651.901100	6936%	5 621.481000	76.92%
Impairment of goodwill	$ (4,289,0001	-041%	5	000%	5	otoss
Gain on sale of	$ 82000	0.01%	$ 257.000	003%	S 627,000	008%
Operating income	$ 318,474,000	3058%	5 289,653,000	3077%	5 187,055,000	23.15%
*OTHER INCOME AND* MENSES, NET:**
Interest expense	$ 45,901000	4.41%	5 45,039,000	4.71%	5 44,446000	5.50%
Interest Income	5 17.4520001	-0.72%	5 (5.920.0001	-0.63%	5 0.535.0001	-0.4496
Other (gain) loss	5 1,437,000	0.14%	5 (3,229,000)	-034%	$ (15040001	-0.19%
Eouity In net (Income) loss of affiliates	5 5.323.000	031%	$ 4,546.000	0.48%	5 (42.0001	-0.06%
Total other income and expenses, net	S 45,216,000	4 34%	5 40,436,000	4.30%	S 38,915,002	482%
Income before income taxes	S 273358000	2614%	5 249217.000	26.48%	5 148.140.000	1834%
Income taxes	$ 56,903,000	5.46E	S 126,890,000	13.4811	5 41,428,030	5.13%
Net Income	$ 216.355.000	20.78%	5 122.327.000	1500%	S 106.712.000	13.21%
*Basic earnings per* Mate:**
Bask earnings per share 1ln dollars per share)	$ 383		s 216		5 190
Diluted earnings per share (In dollars per share)	5 380		s 2 15		5 189

Consolidated Statements or 'mom< - u$0 (51 15 In minions. except per share amounts/	12 Months Ended
	Dec. 31. 2018	% of Total revenue	Dec. 31, 2017	% of Total revenue	Dec 31, 2016	% of Total revenue^,
REVENUES
Base management fees	$ 1,140	5.49%	$ 1102	5.39%	$ 806	5.23%
Franchise tees	5 1,849	891%	5 1,586	7.75%	5 1,157	7.51%
Incentive management fees	S 649	3.13%	$ 607	2.97%	$ 425	2.76%
Gross fee revenues	$ 3,638	17.53%	$ 3,295	1611%	5 2,388	15.50%
Contract investment amortization	S 1581	-ons5	$ (501	414%	$ (40)	-016%
Net tee revenues	$ 3,580	17.25%	$ 3,2⁴5	1187%	$ 2,348	15.24%
Owned, leased, and other revenue	5 1.635	7.88%	$ 1.752	157%	$ 1.125	7.30%
Cost reimbursement revenue	$ 15,543	74.88%	5 15,455	75.57%	S 11,934	77.46%
Total revenues	$ 20.758	100.00%	$ 20452	100.00%	$ 15.407	10800%
OPERATING COSTS AND EXPENSES
Owned, leased, and other-direct	S 1.306	6.29%	$ 1411	690%	$ 901	5.85%
Depreciation, amortization, and other	$ 226	1 09%	$ 229	1.12%	$ 119	0.77%
General. administrative. and other	S 927	4.47%	$ 921	4.50%	$ 743	4.82%
Merger-related costs and charges	5 155	0.75%	$ 159	078%	$ 386	2.51%
Reimbursed expenses	5 15.778	76.01%	$ 15.228	74.46%	$ 11234	76.81%
Total operating expenses	$ 18,392	8860%	$ 17,948	87.76%	$ 13,983	90.76%
OPERATING INCOME	5 2.366	1140%	5 2.504	12.24%	$ 1424	9.24%
Gains and other income, net	$ 194	093%	$ 688	3.36%	S 5	0.03%
Interest expense	5 (340)	-1.64%	5 (2881	-1.41%	S (2341	-152%
Interest income	s 22	0.11%	$ 38	019%	5 35	023%
ECILlity In earnings	5 103	0.50%	S 40	0.20%	5 9	0.06%
INCOME BEFORE INCOME TAXES	5 2,345	1130%	5 2,982	14.58%	$ 1,239	8.04%
Provision for Income taxes	S (4381	-211%	5 (1523)	-7.45%	5 1431)	-2.80%
NET INCOME	5 1,907	9.19%	$ 1,459	7.23%	5 808	5.24%
EARNINGS PER SNARE
Earnings per share - basic	$ 545		5 3.89		$ 2.78
EarnIngS per Share - diluted	S 5.3$		$ *584*		$ 273

Question 1. What are two accounts in the Choice Hotels income statement that show the biggest change over the past 3 years? What information in the 10-K report helps to explain these changes?

Question 2. What are two accounts in the Marriott income statement that show the biggest change over the past 3 years? What information in the 10-K report helps to explain these changes?

Reference no: EM132463765

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What are two accounts in the choice hotels income statement

Reference no: EM132463765

Reference no: EM132463765

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