What is the most sugnificant trend based on the borizontal analysis over this three year period?
chen RODY 2Y Layout This Charts SmartArt Formulas 100% Review Dale A abe W F . Calibr (hod) N Clear B L A OD ANE rap Text Merge O 9 % Canar Form BCD TING New Oldi/old 12 Months Ended Old Old Dec 31, 2019 Dec 31, 2018 Dec. 31, 2017 Scharge 2018 to 2019 Chang 2018 to 2019 s Horizontal Analysis Consolidated Statements of income USD ($) in Thousands REVENUES Royalty Fees III Letraxchise and relicensing fees Procurement services Marketing and reservation system Owned Hotels SBAR 1511 $27,489 561 429 $5777426 $20.262 $40,043 $1,114,820 $376,676 $26,0721 $52,088 543,677 $341,745 $23,018 $40 451 $499.625 $11,475.00 $1,417.00 $9. 141.00 $11.749.00 $20,282.00 $42,791 $1,041,104 $36,438 SMH $73,516.00 Total revenues OPERATING EXPENSES! Seline general and administrative $4,206.00 $7,650.DO $54,866.00 $170.027 $165, 821 $14330 9 600 $534,266 $479,000 SESO $718,6232 $651.901 $168, 833 $18,828 $579,139 $14448 5781248 -$3.092 $100 $318.642 S000 151,194.00 $4,498 00 $44,873.00 $14,448.00 562,695.00 $1,192.00 $18.00 $168.00 $66,722.00 moment roodwill $82 $318.474 $257 $189.53 $28,821.00 OTHER INCOME AND EXPENSES, NET: nterest expense $899.00 Toss on extinguishment of debt $7,188 57.188.00 $6,299.00 54.253.00 $3,497.00 100 Lourencome Loss of Total the income and expenses.net Income before income taxes Income takes $46,807 545,905 $45.039 $9.996 $7.452 55.920 $ 50 -54.362 51.229 $9.576 55,323 LLLLS4,546 $48,7131 $45.216 5 40436 $269,929 $27325 $249213 547,051 356. 15126.8901 $222.678 2 16 355 $122. 222 $4. 00533ESS $2. 16 $32.90 $3.80 SERREIS $3129.00 5 6.523 0 Basic earnings per share: Basic earning per share in dollars per share Diluted earning per share in de 2 B ESOS EFTERSLOH $ 16 7731% 7 6.74% Haronta A Consolidated Statements of Income - USD ($) in 22 Mantha linded Dec 31, 2019 Dec. 31, 2018 Dec 31, 2017 Chang 2018 10 2019 Chang 2018 2019 schange 2017 to 2018 Change 2017 2018 REVINUES El Reyalty fees Intranch and relicensing fees SM 151 $2749 $176676 526072 STO Marketinrandevation tem $1,114,820 OPERATING EXPENSES S123 $1,650,00 Depreciation and amortization Marketing and reservation system Owted Hotels Total operating up Impairment of foodwil OTHERINCOME AND EXPENSES, NET: $ 3200 277.00 4. What is the most significant trend based on your horizontal analysis over this three-year period? Why? mm HNM -11 A Wrap Text General . Calibri (Body) Cher BTU % fx A A abc HAU EEE 5 .1% 3 Condition Insert Delete Format 51 12 Month Ended Horizontal Analysis Consolidated statements of income. USD Thousands ) in Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Scharge 2018 to 2019 Change 2018 to 2019 SOhang 2017 2018Nchange 2017 2018 S1705 Royalty fees Initial franchise and relicensing fees SURE151 $22.489 $376,676 58.072 $52,083 ST $40,451 $49 $577426 $20,22 $11.475.00 31417.00 59134100 SE300 $20.70270 5,7400 575 911 $181300 $114180 STER S1328 $170,027 $14,130 -$1,194.00 SAMO 16.10.00 $14. 00 47.00 Owned Hot Tots operating expenses S3R 4701 OTHER INCOME AND EXPENSES, NE 3467 545008 Savi. 57 500 16.00 3700 520 304100 070 5112 Baue r shared sharel danes per share in dollars per er, there is a new line item "Owned What ? 1. Many of Choice Hotels income Statement accounts have remained consistent for The company cared four eperating hotels in the income Statement Balance Sheet Surement of Cash Flow 10- Document Normal View Ready g 6 55 @ROW?XOG
