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Consolidated Shareholders' Investment
30
Marriott Corporation and Subsidiaries for the 52 Weeks Ended July 25,1975 and July 26,1974
Common
Stock
($1.00 par
value)
Capital
Surplus
Net Deferred
Stock
Compensation
Retained
Earnings
BALANCE, JULY 27,1973 $30,273,000
Acquisition of companies 50,000
Net income —
Common stock issued—
2 J4% Stock dividend at market 759,000
Employee stock purchase plan 76,000
Deferred stock compensation plans and
stock issuance expenses 25,000
BALANCE, JULY 26,1974 31,183,000
Acquisition of companies (Note 2) 179,000
Net income —
Common stock issued—
21/2% Stock dividend at market 790,000
Employee stock purchase plan 138,000
Contribution to profit sharing plan 200,000
Deferred stock compensation plans and
stock issuance expenses 17,000
$139,407,000 $2,455,000
646,000
13,682,000
1,355,000
23,000
436,000
155,113,000 2,891,000
(10,000) —
11,064,000
1,137,000
2,767,000
(97,000) 365,000
$28,225,000
23,000
24,745,000
(14,441,000)
38,552,000
112,000
21,818,000
(11,854,000)
BALANCE, JULY 25,1975
$32,507,000 $169,974,000 $3,256,000 $48,628,000
The accompanying notes are an integral part of this statement.
Auditors' Report
To the Shareholders of Marriott Corporation:
We have examined the consolidated balance sheet of MARRIOTT CORPORATION (a Delaware
corporation) and Subsidiaries as of July 25, 1975, and July 26,1974, and the related statements of consolidated income, shareholders' investment and changes in financial position for the fiscal years then
ended. Our examination was made in accordance with generally accepted auditing standards, and
accordingly included such tests of the accounting records and such other auditing procedures as we
considered necessary in the circumstances.
In our opinion, the aforementioned consolidated financial statements present fairly the financial
position of Marriott Corporation and Subsidiaries as of July 25,1975, and July 26,1974, and the results
of their operations and changes in their financial position for the fiscal years then ended, in conformity
with generally accepted accounting principles consistently applied during the periods.
Washington, D.C,
September 5, 1975.
ARTHUR ANDERSEN ir CO.
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