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Marriott Corporation, 1981 Annual Report
Image 36
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Marriott International, Inc.. Marriott Corporation, 1981 Annual Report - Image 36. 1981. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. October 29, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1445/show/1436.

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.. (1981). Marriott Corporation, 1981 Annual Report - Image 36. 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/1445/show/1436

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, 1981 Annual Report - Image 36, 1981, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed October 29, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1445/show/1436.

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, 1981 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1981
Description Marriott Corporation Annual Report for calendar year 1981.
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 36
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_053_036.jpg
Transcript Consolidated Changes in Financial Position Marriott Corporation and Subsidiaries Fiscal years ended January 1,1982, January 2,1981 and December 28,1979 1981 1980 (in thousands) 1979 Sources of Funds Net income $ 86,136 $ 72,030 $ 71,000 Add expenses not requiring current outlay of working capital— Depreciation and amortization of property and equipment 66,437 55,863 50,623 Deferred income taxes 26,626 11,510 8,786 Other 7,442 10,889 10,525 From operations 186,641 150,292 140,934 New financing 176,783 202,199 70,972 Net funds after tax from hotel sales 109,902 70,798 — Disposals of property and equipment 3,552 8,102 25,788 Stock issued 31,032 14,654 2,394 Total sources 507,910 446,045 240,088 Applications of Funds Additions to property and equipment 277,881 233,945 149,000 Acquisitions 80,020 5,142 9,516 Purchase of treasury stock 225 184,756 74,187 Change in notes receivable 11,780 (9,123) (1,521) Maturities and prepayments of debt 95,256 24,994 17,002 Conversions of convertible subordinated debt 24,415 — — Cash dividends 6,571 5,252 5,776 Other 13,472 8,720 4,243 Total applications 509,620 453,686 258,203 Decrease in Working Capital $ (1,710) $ (7,641) $ (18,115) Summary of Changes in Working Capital Increase (decrease) in working capital Cash and cash equivalents $ (5,818) $ (545) $ (2,302) Marketable securities 19,548 6,711 (29,685) Accounts receivable 16,236 24,499 23,181 Inventories 12,517 6,078 5,521 Prepaid expenses 6,651 3,691 297 Short-term loans (120) 801 (581) Accounts payable, accrued liabilities and income taxes payable (44,111) (48,777) (15,807) Current portion of debt and capital lease obligations (6,613) (99) 1,261 $ (1,710) $ (7,641) $ (18,115) J The accompanying notes are an integral part of this statement. 34