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SCHEDULE I FINANCIAL INFORMATION FOR PARENT COMPANY

12 Months Ended

Dec. 31, 2021

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,
​		2020		2021		2021
​	​	​	​	​	​	US$’million
​	​	​	​	​	​	(Note 2)
Assets	​	​	​	​	​	​
Current assets:	​	​	​	​	​	​
Cash and cash equivalents		1,892		581		91
Short-term investments		51		81		13
Other current assets		16		1		0
Total current assets		1,959		663		104
Investment in subsidiaries		16,103		16,928		2,656
Total assets		18,062		17,591		2,760
Liabilities and equity	​	​	​	​	​	​
Current liabilities:	​	​	​	​	​	​
Short-term debt		—		3,028		475
Amount due to subsidiaries		273		257		40
Accrued expenses and other current liabilities		141		213		34
Total current liabilities		414		3,498		549
Long-term debt		6,318		3,158		496
Total liabilities		6,732		6,656		1,045
Equity:	​	​	​	​	​	​
Ordinary shares (US$0.00001 par value per share; 80,000,000,000 shares authorized; 3,243,644,440 and 3,255,971,250 shares issued as of December 31, 2020 and 2021, and 3,108,425,680 and 3,120,746,090 shares outstanding as of December 31, 2020 and 2021, respectively)		0		0		0
Treasury shares (30,967,640 and 30,974,040 shares as of December 31, 2020 and 2021, respectively)		(107)		(107)		(17)
Additional paid-in capital		9,808		9,964		1,563
Retained earnings		1,502		1,037		163
Accumulated other comprehensive income		127		41		6
Total equity		11,330		10,935		1,715
Total liabilities and equity		18,062		17,591		2,760

​

​

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,
​		2019		2020		2021		2021
​	​	​	​	​	​	​	​	US$’million
​	​	​	​	​	​	​	​	(Note 2)
Operating costs and expenses:	​	​	​	​	​	​	​	​
General and administrative expenses		115		155		110		17
Total operating costs and expenses		115		155		110		17
Loss from operations		(115)		(155)		(110)		(17)
Interest income		10		2		8		1
Interest expense		201		154		128		20
Foreign exchange gain (loss)		5		(8)		(3)		(0)
Other income, net		30		32		15		2
Unrealized loss from fair value changes of equity securities		(27)		(10)		(2)		(0)
Income (loss) in investment in subsidiaries		2,067		(1,899)		(245)		(39)
Net income (loss) attributable to Huazhu Group Limited		1,769		(2,192)		(465)		(73)
​	​	​	​	​	​	​	​	​
Other comprehensive (loss) income, net of tax		(7)		176		(86)		(14)
Comprehensive income (loss)		1,762		(2,016)		(551)		(87)

​

​

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,
​		2019		2020		2021		2021
​	​	​	​	​	​	​		US$’million
​	​	​	​	​	​	​	​	(Note 2)
Net cash (used in) provided by operating activities		(212)		49		9		2
Investing activities:	​	​	​	​	​	​	​	​
Investment in subsidiaries		(1,039)		(6,267)		(1,050)		(165)
Receipt of investment in subsidiaries		9		—		—		—
Purchase of short-term investments		—		—		(34)		(5)
Net cash used in investing activities		(1,030)		(6,267)		(1,084)		(170)
Financing activities:	​	​	​	​	​	​	​	​
Proceeds from issuance of ordinary shares in Hong Kong public offering	​	—	​	6,018	​	—	​	—
Payment of ordinary share issuance costs	​	—	​	(10)	​	(15)	​	(2)
Net settlement on shares repurchased for withholding taxes related to share-based awards	​	—	​	—	​	50	​	7
Payment of share repurchase	​	—	​	—	​	(0)	​	(0)
Net proceeds from issuance of ordinary shares upon exercise of option		14		1		1		0
Proceeds of advances from subsidiaries		109		—		0		0
Proceeds from short-term bank borrowings		1,265		—		—		—
Repayment of short-term bank borrowings		—		(282)	A	—	​	—
Proceeds from long-term bank borrowings		5,206		—		—		—
Repayment of long-term bank borrowings		(5,169)		—		—		—
Proceeds from issuance of convertible senior notes		—		3,499		—		—
Repayment of convertible senior notes	​	—	​	(0)	​	(0)	​	(0)
Debt financing costs paid		—		(9)		—		—
Dividends paid		(658)		(678)		—		—
Net cash provided by financing activities		767		8,539		36		5
Effect of exchange rate changes on cash and cash equivalents		141		(790)		(272)		(43)
Net (decrease) increase in cash and cash equivalents		(334)		1,531		(1,311)		(206)
Cash, cash equivalents at the beginning of the year		695		361		1,892		297
Cash, cash equivalents at the end of the year		361		1,892		581		91

​

A—In 2020, Except for repayment of short-term bank borrowings by cash, short-term bank borrowings of RMB 4,628 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, 2021, 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

No definition available.

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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=123454820&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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