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Marriott Corporation, 1972 Annual Report
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Marriott International, Inc.. Marriott Corporation, 1972 Annual Report - Image 29. 1972. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. August 10, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1171/show/1163.

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 29. 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/1163

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 29, 1972, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed August 10, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1171/show/1163.

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, 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 29
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_043_029.jpg
Transcript Consolidated Changes in Financial Position I Marriott Corporation and Subsidiaries 4 __- For the 52 Weeks Ended July 28, 1972 and July 30, 1971 197Z SOURCES OF FUNDS Net income $ 17,733,616 Add expenses not requiring current outlay of working capital Depreciation and amortization 17,594,005 Deferred income taxes 6,276,000 Deferred management stock compensation 487,244 From operations 42,090,865 New financing Mortgages and notes 50,026,081 Lease-purchase obligations — Convertible subordinated notes 5,000,000 Interim construction financing, net change 10,889,000 65,915,081 Less maturities Mortgages and notes (17,123,696) Lease-purchase obligations (2,605,163) From financing 46,186,222 Common stock issued Public offering — Employee stock purchase plan 874,313 Redemption of convertible notes 23,813,000 Businesses acquired 304,820 From common stock issues 24,992,133 Treasury shares issued in satisfaction of a portion of the Company's profit sharing contribution liability 1,027,500 Disposals of property, improvements and equipment 1,613,189 Total Sources 115,909,909 APPLICATIONS OF FUNDS Additions to property, improvements and equipment 67,951,958 Acquisition of Essex House Hotel — Acquisitions of businesses 17,880,289 Investments in and advances to affiliates 2,466,761 Increase in other assets, net of amortization 2,791,153 Redemption of convertible notes 23,813,000 Total Applications 114,903,161 INCREASE (DECREASE) IN WORKING CAPITAL $ 1,006,748 SUMMARY OF CHANGES IN WORKING CAPITAL Increase (decrease) in current assets Cash and short-term investments $ (5,061,987) Accounts receivable 6,627,255 Inventories 2,676,222 Prepaid expenses 400,647 (Increase) decrease in current liabilities Bank loans 899,565 Accounts payable and accrued liabilities (8,507,509) Federal and state income taxes 1,921 678 Current portion of debt 2,050*877 Increase (decrease) in Working Capital $ 1,006,748 The accompanying notes are an integral part of this statement. 1971 Restated (Note 1) 13,776,688 14,469,114 4,506,000 605,015 33,356,817 48,359,770 7,125,000 (12,170,000) 43,314,770 (11,806,633) (3,322,798) 28,185,339 20,624,663 430,640 2,961,000 24,016,303 1,522,169 87,080,628 48,370,158 28,834,157 7,047,702 327,000 2,963,333 2,961,000 90,503,350 $ (3,422,722) ; 7,174,444 (33,438,439) 1,873,934 (777,180) 27,788,353 (3,454,721) (1,017,437) (1,571,676) $ (3,422,722) 27