Comfort Inn 2013 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2013 Comfort Inn annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 142

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142

Table of Contents










Royalty fees 
$260,782
$245,426
Initial franchise and relicensing fees 
14,203
14,052
Procurement services 
17,962
18,111
Marketing and reservation 
384,784
349,036
Hotel operations 
4,573
4,356
Other 
9,205
7,812
 
691,509
638,793

Selling, general and administrative 
101,852
106,404
Depreciation and amortization 
8,226
8,024
Marketing and reservation 
384,784
349,036
Hotel operations 
3,505
3,466
 
498,367
466,930
 
193,142
171,863

Interest expense 
27,189
12,939
Interest income 
(1,540)
(1,306)
Loss on extinguishment of debt
526
Other (gains) and losses 
(1,989)
2,442
Equity in net income of affiliates 
(212)
(269)
 
23,974
13,806
 
169,168
158,057
 
48,481
47,661

$120,687
$110,396
  
$2.08
$1.86
 
$2.07
$1.85
The accompanying notes are an integral part of these consolidated financial statements.
69