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Marriott Corporation, 1980 Annual Report
Image 30
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Marriott International, Inc.. Marriott Corporation, 1980 Annual Report - Image 30. 1980. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. September 26, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1134/show/1119.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marriott International, Inc.. (1980). Marriott Corporation, 1980 Annual Report - Image 30. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1134/show/1119

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marriott International, Inc., Marriott Corporation, 1980 Annual Report - Image 30, 1980, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed September 26, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1134/show/1119.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Marriott Corporation, 1980 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1980
Description Marriott Corporation Annual Report for calendar year 1980.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Marriott International, Inc.
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Marriott Hotels Collection
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction No Copyright - United States
File Name index.cpd
Item Description
Title Image 30
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_052_030.jpg
Transcript Consolidated Changes in Financial Position Marriott Corporation and Subsidiaries Fiscal years ended January 2,1981, December 28.1979 and December 29.1978 1980 1979 1978 (in thousands) Sources of Funds Net income $ 72,030 $ 71,000 $ 54,300 1 Add expenses not requiring current outlay of working capital- Depreciation and amortization of property and equipment 55,863 50,623 47,144 Deferred income taxes 11,510 8,786 13,837 Other 10,889 10,525 6,307 From operations 150,292 140,934 121,588 New financing 202,199 70,972 20,550 Net funds after tax from hotel sales 70,798 — 20,463 Disposals of property and equipment 8,102 25,788 14,851 Stock issued 14,654 2,394 1,904 Total sources 446,045 240,088 179,356 Applications of Funds Additions to property and equipment 233,945 149,000 134,738 Acquisitions 5,142 9,516 4,338 Purchase of treasury stock 184,756 74,187 2,055 Maturities and prepayments of debt 24,994 17,002 25,179 Cash dividends 5,252 5,776 4,782 Other (403) 2,722 4,477 Total applications 453,686 258,203 175,569 Increase (Decrease) in Working Capital $ (7,641) $ (18,115) $ 3,787 Summary of Changes in Working Capital Increase (decrease) in working capital Cash and cash equivalents $ (545) $ (2,302) $ (2,243) Marketable securities 6,711 (29,685) 38,510 Accounts receivable 24,499 23,181 15,290 Inventories 6,078 5,521 (390) Prepaid expenses 3,691 297 127 Short-term loans 801 (581) 503 Accounts payable, accrued liabilities and income taxes payable (48,777) (15,807) (47,065) Current portion of debt and capital lease obligations (99) 1,261 (945) $ (7,641) $ (18,115) $ 3,787 1 j The accompanying notes are an integral part of this statement 26