Keyword
in
Collection
Date
to
Marriott Corporation, 1972 Annual Report
Image 23
Citation
MLA
APA
Chicago/Turabian
Marriott International, Inc.. Marriott Corporation, 1972 Annual Report - Image 23. 1972. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 27, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1171/show/1157.

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.. (1972). Marriott Corporation, 1972 Annual Report - Image 23. 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/1171/show/1157

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, 1972 Annual Report - Image 23, 1972, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 27, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1171/show/1157.

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.

URL
Embed Image
Compound Item Description
Title Marriott Corporation, 1972 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1972
Description Marriott Corporation Annual Report for the 52 weeks ending on July 28, 1972.
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 23
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_043_023.jpg
Transcript LONG-TERM GROWTH CONTINUES: OPERATING UNITS Sales and Earnings, Balance Sheet, Shareholder Gains Noted In Financial Summary Of Fiscal 1972 Marriott Corporation in fiscal 1972 maintained its consistent, long-term growth in sales and earnings . .•. split its common stock . . . and strengthened its financial position. On a quarterly basis, the company at year-end had achieved year-to-year gains for 37 consecutive quarters, which goes back more than nine years to 1963. Compound annual growth the past 10 years is 23 per cent in net income and 19 per cent in sales. ANOTHER STOCK SPLIT DECLARED A 2-for-1 stock split was declared in March, 1972, doubling the number of shares outstanding to more than 29 million. Market price at the end of fiscal 1972 was 60 per cent higher than the year before, and total valuation of all shares outstanding exceeded $1 billion. The stock split was the fourth on a 2-for-1 basis since 1960—the others occurring in 1968, 1965, and 1960. The year closed with a total of 32,400 shareholders. This is an increase of 4,500 during the year and is double the number of just five years earlier—at the end of fiscal 1967. A major factor in the company's consistent growth record is its broad diversification within the expanding service sector of the world economy. At year end Marriott had 508 company-owned operations in 28 states, two U. S. territories and 13 foreign countries. This is a 21 percent increase over the 419 units of a year ago. ASSETS BOOK VALUE NOW $450 MILLION Book value of the company's assets totaled $450 million at year end, of which $174 million or $5.96 per share was financed by shareholders, largely through reinvestment of earnings each-year. An additional $6 million was financed by subordinated convertible notes and $194 million by senior debt. The ratio of senior debt to shareholders' investment was 1.11 to 1 versus 1.17 to 1 last year. The return on beginning shareholders' investment dropped to 13.6 percent in 1972 as a result of the 41 percent increase in net worth which occurred in 1971. The consolidated figure includes negative and 1970 1971 1968 1969 Hotel Group In-Flite Services Group Restaurant Operations Group 1972 SALES (IN MILLIONS) 450 -Total 422.9- 1970 1971 1968 1969 Hotel Group ■BH In-Flite Services Group It^tM Restaurant Operations Group CASH PROVIDED FROM OPERATIONS (IN MILLIONS) 1972 Total 42.1" 1968 1969 1970 1971 1972 Expenses not requiring outlay of working capital Income before extraordinary items 21