Comfort Inn 2011 Annual Report Download - page 63

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Table of Contents










Royalty fees 
$ 230,096
$217,984
Initial franchise and relicensing fees 
9,295
12,916
Procurement services 
17,207
17,598
Marketing and reservation 
329,246
305,379
Hotel operations 
4,031
4,140
Other 
6,201
6,161
 
596,076
564,178

Selling, general and administrative 
94,540
99,237
Depreciation and amortization 
8,342
8,336
Marketing and reservation 
329,246
305,379
Hotel operations 
3,186
3,153
 
435,314
416,105
Operating income 
160,762
148,073

Interest expense 
6,680
4,414
Interest income 
(548)
(264)
Other (gains) and losses 
(2,355)
(5,598)
Equity in net income of affiliates 
(1,226)
(1,113)
 
2,551
(2,561)
 
158,211
150,634
 
50,770
52,384

$107,441
$98,250
 
$1.80
$ 1.64

$1.80
$ 1.63
The accompanying notes are an integral part of these consolidated financial statements.
62