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Sheraton Corporation of America, 1961 Annual Report
Image 6
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Starwood Hotels & Resorts. Sheraton Corporation of America, 1961 Annual Report - Image 6. 1961. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 24, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1325/show/1302.

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.

Starwood Hotels & Resorts. (1961). Sheraton Corporation of America, 1961 Annual Report - Image 6. 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/1325/show/1302

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.

Starwood Hotels & Resorts, Sheraton Corporation of America, 1961 Annual Report - Image 6, 1961, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 24, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1325/show/1302.

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 Sheraton Corporation of America, 1961 Annual Report
Creator (LCNAF)
  • Starwood Hotels & Resorts
Publisher Starwood Hotels & Resorts
Date 1961
Description Sheraton Corporation of America Annual Report for the year ending on April 30, 1961.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Starwood Hotels & Resorts
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Conrad N. Hilton Papers
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 6
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_023_006.jpg
Transcript • Growth consolidated in thousands of dollars Years Ended April 30 1961 1960 1959 1958 1957 1956 1955 1954 1953 1952 1951 1950 1949 1948 1947 Total Assets at Estimated Values (a) $400,445 390,620 346,910 304,007 304,645 243,697 193,033 132,520 129,475 113,524 101,861 87,874 60,279 55,710 49,860 Total Assets at Book Values $276,741 273,401 245,503 217,325 219,866 172,468 134,543 89,568 91,313 82,459 74,982 73,029 54,541 47,643 42,332 Gross Income 205,701 204,882 171,474 159,014 153,792 121,672 89,376 72,771 68,142 62,773 56,071 39,739 31,605 28,663 21,511 Cash Flow (b) "Basic" Earnings (c) $32,399 32,962 29,267 29,405 28,150 21,748 16,622 14,302 12,625 11,096 10,629 7,898 5,779 5,389 3,946 Reported Net Operating Income (d) $2,068 2,823 3,350 3,732 4,748 4,436 4,114 3,417 2,915 2,572 2,903 1,968 1,903 1,608 1,013 Other Credits 414 816 139 Net Profits on Capital Transactions (d) $1,166 270 2,001 1,101 654 2,215 4,760 1,878 1,007 1,196 1,191 1,457 1,470 68 1,161 Total Reported Net (ncome and Net Profits(d) $3,234 3,093 5,351 4,833 5,402 6,651 8,874 5,295 3,922 4,182 4,910 3,564 3,373 1,676 2,174 Net Worth Profit (a) le) (f) $8,469 18,854 19,651 7,257 18,263 18,239 23,111 11,261 11,295 7,174 16,701 13,440 2,723 2,378 7,924 'Economic performance" per common share -& Years Ended April 30 1961 1960 1959 1958 1957 1956 1955 1954 1953 1952 1951 1950 1949 1948 1947 Estimated Net Asset Values (a) (g) $32.70* 31.70* 28.85* 25.76* 24.88* 21.84* 18.67* 15.86 13.80 11.76 10.55 7.44 4.92 4.52 4.18 Cash Flow (b) $3.84 3.80 3.60 3.66 3.40 2.55 1.93 1.59 1.33 1.17 1.20 .88 .70 .59 .39 Quoted Market Price $17.75 18.14 17.78 10.72 11.66 10.38 11.66 5.39 4.40 3.68 3.04 2.37 1.63 1.78 2.11 Depreciation $3.45 3.25 2.91 2.90 2.43 1.65 1.10 .90 .76 .68 .64 .51 .35 .30 .22 Cash Dividends Paid During Year $.60 .59 .57 .56 .48 .41 .27 .21 .18 .18 .18 .12 .12 .12 .10 Increase in Estimated Net Asset Value During Year $1.00 2.85 3.09 3.04 3.17 2.81 2.06 2.04 1.21 3.11 2.52 .40 .34 1.42 "Economic Performance" i.e.. Asset Value Increase Plus Dividends Paid (Includes Estimated Appreciation) $1.60 3.44 3.66 1.44 3.52 3.58 3.08 2.27 2.22 1.39 3.29 2.64 .52 .46 1.52 Price- Cash Ffow Ratio (Shows Ratio of Market Price of Shares to Cash Flow) 4.6 4.8 2.9 3.4 4.1 6.0 Reported Net Operating Income and Other Credits (e) $.39 .55 .69 .76 .97 .90 .83 .69 .57 .57 (h) .72 (h) .40 (h) .35 .29 .17 Net Profits on Capital Transactions (d) $.22 .05 .41 .23 .13 .45 .97 .37 .20 .23 .24 .28 .28 .01 .22 Total Reported Net Income and Net Profits (e) $.61 .60 1.10 .99 1.10 1.35 1.80 1.06 .77 .80 .96 .68 .63 .30 .39 ■ •Adjusted for stock dividends and stock split-ups, and Estimated Net Asset Values at April 30, 1955 to 1961 allow for exercise of Warrants and conversion of 4lA% Debentures. (a) Estimated by Company Officers. (f) Represents Total Net Income and Profits including changes In Estimated Net Asset Values (b) Net Operating Income plus Depreciation. and differences arising from sales and purchases of Common Stock at more or less than (c) Before Interest, Depreciation and Income Taxes. Estimated Net Asset Values. For information regarding Net Worth Accounting see pagel6- (d) After Minority Interests 'g* After Liabilities, Minority Interests and Preferred Stock. (e) After Minority Interests and Preferred Dividends. (h) lncludes other Credi's '" "50, 1951 and 1952 of $.03, $.16 and $.08. respectively.