Comfort Inn 2014 Annual Report Download - page 119
Download and view the complete annual report
Please find page 119 of the 2014 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.-
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
-
143
-
144
 |
 |
Table of Contents
The following tables present the financial information for the Company's segments:
Revenues
Operating income (loss)
Depreciation and amortization
Income (loss) from continuing
operations, before income taxes
Capital expenditures
Total assets
Revenues $ 724,617
$ 33
$ —
$ —
$ 724,650
Operating income (loss) 248,253
(9,994)
(42,011)
—
196,248
Depreciation and amortization 22,295
398
2,378
(16,015)
9,056
Income (loss) from continuing
operations, before income taxes 248,887
(9,994)
(80,221)
—
158,672
Capital expenditures 12,079
2,295
19,023
—
33,397
Total assets 300,292
2,303
253,827
—
556,422
Revenues $ 692,728
$ —
$ —
$ —
$ 692,728
Operating income (loss) 236,013
(3,370)
(39,163)
—
193,480
Depreciation and amortization 20,111
10
2,102
(14,532)
7,691
Income (loss) from continuing
operations, before income taxes 236,225
(3,370)
(63,349)
—
169,506
Capital expenditures 13,998
107
1,338
—
15,443
Total assets 322,434
101
209,367
—
531,902
The Company conducts its international franchise operations through a combination of direct franchising and master franchising relationships. Master
franchising relationships allow the use of the Company’s brands by third parties in foreign countries. Direct franchising operations are primarily conducted
through wholly-owned subsidiaries. The results of the Company's international operations are included in the franchising segment. Revenues generated by
foreign operations, including royalty, marketing and reservations system fees and other revenues for the years ended December 31, 2014, 2013 and 2012 were
$57.6 million, $57.3 million and $55.6 million, respectively. Long-lived assets related to international operations were $4.5 million, $8.6 million and $8.2
million as of December 31, 2014, 2013 and 2012, respectively. All other long-lived assets of the Company are associated with domestic activities. The
Company's investment in equity method investees at December 31, 2014, 2013 and 2012 was $50.6 million, $32.3 million, and $27.5 million, respectively.
These investments are included as a component of total assets for the Company’s franchising segment.
118