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SCHEDULE I FINANCIAL INFORMATION FOR PARENT COMPANY

12 Months Ended

Dec. 31, 2020

SCHEDULE I FINANCIAL INFORMATION FOR PARENT COMPANY

SCHEDULE I FINANCIAL INFORMATION FOR PARENT COMPANY

ADDITIONAL FINANCIAL INFORMATION — FINANCIAL STATEMENTS SCHEDULE I

HUAZHU GROUP LIMITED

FINANCIAL INFORMATION FOR PARENT COMPANY

BALANCE SHEETS

(Renminbi in millions , except share and per share data , unless otherwise stated)

​	​	​	​	​	​	​
​	​	As of December 31,
​		2019		2020		2020
​	​	​	​	​	​	US$'million
​	​	​	​	​	​	(Note 2)
Assets	​	​	​	​	​	​
Current assets:	​	​	​	​	​	​
Cash and cash equivalents		361		1,892		290
Short-term investments		64		51		8
Other current assets		24		16		2
Total current assets		449		1,959		300
Other assets		155		—		—
Investment in subsidiaries		16,472		16,103		2,467
Total assets		17,076		18,062		2,767
Liabilities and equity	​	​	​	​	​	​
Current liabilities:	​	​	​	​	​	​
Short-term debt		8,312		—		—
Dividends payable		678		—		—
Amount due to related parties		594		273		42
Accrued expenses and other current liabilities		113		141		21
Total current liabilities		9,697		414		63
Long-term debt		—		6,318		968
Total liabilities		9,697		6,732		1,031
Equity:	​	​	​	​	​	​
Ordinary shares (US$0.0001 par value per share; 8,023,485,450 shares authorized; 299,424,485 and 324,364,444 shares issued as of December 31, 2019 and 2020, and 285,902,609 and 310,842,568 shares outstanding as of December 31, 2019 and 2020, respectively)		0		0		0
Treasury shares (3,096,764 and 3,096,764 shares as of December 31, 2019 and 2020, respectively)		(107)		(107)		(16)
Additional paid-in capital		3,834		9,808		1,503
Retained earnings		3,701		1,502		230
Accumulated other comprehensive (loss) income		(49)		127		19
Total equity		7,379		11,330		1,736
Total liabilities and equity		17,076		18,062		2,767

​

​

ADDITIONAL FINANCIAL INFORMATION — FINANCIAL STATEMENTS SCHEDULE I

HUAZHU GROUP LIMITED

FINANCIAL INFORMATION FOR PARENT COMPANY

STATEMENTS OF COMPREHENSIVE INCOME

(Renminbi in millions, unless otherwise stated)

​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2018		2019		2020		2020
​	​	​	​	​	​	​	​	US$'million
​	​	​	​	​	​	​	​	(Note 2)
Operating costs and expenses:	​	​	​	​	​	​	​	​
General and administrative expenses		89		115		155		24
Total operating costs and expenses		89		115		155		24
Loss from operations		(89)		(115)		(155)		(24)
Interest income		1		10		2		0
Interest expense		198		201		154		24
Foreign exchange gain (loss)		17		5		(8)		(1)
Other income, net		50		30		32		5
Unrealized loss from fair value changes of equity securities		(45)		(27)		(10)		(1)
Income (loss) in investment in subsidiaries		980		2,067		(1,899)		(291)
Net income (loss) attributable to Huazhu Group Limited		716		1,769		(2,192)		(336)
​	​	​	​	​	​	​	​	​
Other comprehensive (loss) income, net of tax		(169)		(7)		176		27
Comprehensive income (loss)		547		1,762		(2,016)		(309)

​

​

ADDITIONAL FINANCIAL INFORMATION — FINANCIAL STATEMENTS SCHEDULE I

HUAZHU GROUP LIMITED

FINANCIAL INFORMATION FOR PARENT COMPANY

CONDENSED STATEMENTS OF CASH FLOWS

(Renminbi in millions, unless otherwise stated)

​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2018		2019		2020		2020
​	​	​	​	​	​	​		US$'million
​	​	​	​	​	​	​	​	(Note 2)
Net cash (used in) provided by operating activities		(60)		(212)		49		8
Investing activities:	​	​	​	​	​	​	​	​
Investment in subsidiaries		—		(1,039)		(6,267)		(960)
Receipt of investment in subsidiaries		2,121		9		—		—
Purchase of long-term investments		(3,782)		—		—		—
Net cash used in investing activities		(1,661)		(1,030)		(6,267)		(960)
Financing activities:	​	​	​	​	​	​	​	​
Proceeds from issuance of ordinary shares in Hong Kong public offering	​	—	​	—	​	6,018	​	922
Ordinary share issuance costs	​	—	​	—	​	(10)	​	(2)
Net proceeds from issuance of ordinary shares upon exercise of option		14		14		1		0
Proceeds of advances from subsidiaries		149		109		—		—
Proceeds from short-term bank borrowings		—		1,265		—		—
Repayment of short-term bank borrowings		(128)		—		(282)	A	(43)
Proceeds from long-term bank borrowings		2,409		5,206		—		—
Repayment of long-term bank borrowings		(786)		(5,169)		—		—
Proceeds from issuance of convertible senior notes		—		—		3,499		536
Repayment of convertible senior notes	​	—	​	—	​	0	​	0
Debt financing costs paid		—		—		(9)		(1)
Dividends paid		—		(658)		(678)		(104)
Net cash provided by financing activities		1,658		767		8,539		1,308
Effect of exchange rate changes on cash and cash equivalents		201		141		(791)		(121)
Net increase (decrease) in cash and cash equivalents		138		(334)		1,530		235
Cash, cash equivalents at the beginning of the year		557		695		361		55
Cash, cash equivalents at the end of the year		695		361		1,891		290

​

A— Except for repayment of short-term bank borrowings by cash, short-term bank borrowings of RMB4,628 was settled by investment in subsidiaries.

The accompanying notes are an integral part of these consolidated financial statements

​

ADDITIONAL FINANCIAL INFORMATION — FINANCIAL STATEMENTS SCHEDULE I

HUAZHU GROUP LIMITED

FINANCIAL INFORMATION FOR PARENT COMPANY

Note to Schedule I

Schedule I has been provided pursuant to the requirements of Rule 12-04(a) and 5-04-(c) of Regulation S-X, which require condensed financial information as to the financial position, change in financial position and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year.

The condensed financial information has been prepared using the same accounting policies as set out in the accompanying consolidated financial statements except that the equity method has been used to account for investments in its subsidiaries. Such investments in subsidiaries are presented on the balance sheets as investment in subsidiaries and the profit of the subsidiaries is presented as income in investment in subsidiaries.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the accompanying consolidated financial statements.

As of December 31, 2020, there are no material contingencies, mandatory dividend, and significant provision of long-term obligation or guarantee of the Company, except for those which have separately disclosed in the consolidated financial statements.

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- References

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section S99
-Paragraph 6
-Subparagraph (SX 210.5-04(Schedule I))
-URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

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