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Marriott Corporation, 1982 Annual Report
Image 30
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Marriott International, Inc.. Marriott Corporation, 1982 Annual Report - Image 30. 1982. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. October 23, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1296/show/1273.

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.. (1982). Marriott Corporation, 1982 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/1296/show/1273

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, 1982 Annual Report - Image 30, 1982, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed October 23, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1296/show/1273.

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, 1982 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1982
Description Marriott Corporation Annual Report for calendar year 1982.
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_054_030.jpg
Transcript wmam from strong discretionary cash flow, new hotel management agreements and value added through the acquisitions of Host and Gino's. The $1.1 billion increase in restated shareholders' equity, from $516 million at historical cost to over $1,6 billion at Current Value, results from a consistent policy of owning and managing real estate assets prudently financed with debt. Changes in Current Value Shareholders' Equity Current Value at January 1,1982 Discretionary Cash Flow New Hotel Management Agreements Acquisitions Deferred Taxes and Other Current Value at December 31,1982 Millions Per Share $1,436 $54.90 192 7.00 61 2.22 29 1.06 (68) (3.03) $1,650 $62.15 Condensed Consolidated Current Value Balance Sheet as of December 31,1982 (in thousands) Current Assets Property and Equipment, net Hotel Management and Lease Agreements Investments in and Advances to Affiliates Other Assets Current Liabilities Debt and Capital Lease Obligations Other Long-Term Liabilities Deferred Income Taxes Shareholders' Equity Percentage of Debt and Capital Lease Obligations to Total Capital Current Historical Value Cost $ 381,672 $ 381,672 2,316,695 1,494,227 438,118 - 100,390 42,961 99,144 143,788 $3,336,019 $2,062,648 $ 428,144 $ 428,144 841,984 889,325 61,420 61,420 354,125 167,754 1,650,346 516,005 $3,336,019 $2,062,648 29.0% 54.4% Basis of Valuations Property and equipment, hotel management agreements and investments in affiliates are valued on the basis of the present worth of estimated future cash flows after deducting anticipated asset maintenance requirements. Goodwill and deferred costs are assigned no value. Debt and capital lease obligations are discounted to present value. Discount rates reflect current market rates. Deferred income taxes are provided to reflect the present value of projected income tax payments arising from the difference between assets' current value and net tax value. 28