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Marriott Corporation, 1970 Annual Report
Image 21
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Marriott International, Inc.. Marriott Corporation, 1970 Annual Report - Image 21. 1970. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 19, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1630/show/1618.

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.. (1970). Marriott Corporation, 1970 Annual Report - Image 21. 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/1630/show/1618

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, 1970 Annual Report - Image 21, 1970, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 19, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1630/show/1618.

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, 1970 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1970
Description Marriott Corporation Annual Report for the 53 weeks ending on July 31, 1970.
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 21
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_041_021.jpg
Transcript Consolidated Income Marriott Corporation and Subsidiaries for the 53 Weeks Ended July 31, 1970 and the 52 Weeks Ended July 27, 1969 1970 1969 SALES Food operations In-flite services Hotels and specialty restaurants Total sales.: DEDUCTIONS Cost of sales and operating expenses Administrative and general expenses Rent (Note 4) Depreciation and amortization (Note 8) Taxes—payroll, real estate and other Interest expense net of interest income Less interest capitalized during construction Advertising and sales promotion expenses. . . Pre-opening expenses (Note 8) Profit sharing retirement contributions INCOME BEFORE INCOME TAXES AND EXTRAORDINARY ITEMS . UNITED STATES AND FOREIGN INCOME TAXES (Notes 3 & 8): Current (reduced by investment tax credits of $795,000 and $988,000) Federal tax surcharge Deferred INCOME BEFORE EXTRAORDINARY ITEMS EXTRAORDINARY GAINS ON SALE OF PROPERTIES (Less $483,000 tax) S^rrS- NET INCOME « Earnings Per Share of Common Stock (Note 7): Income before extraordinary items Extraordinary items less income tax Net income «t 53 Weeks $137,349,285 86,761,035 90,875,604 314,985,924 The accompanying notes to consolidated financial statements are an integral part of this statement. 227,053,978 15,087,581 16,695,094 11,061,741 10,760,557 8,415,484 (1,252,000) 5,172,680 1,035,886 1,687,128 295,718,129 19,267,795 4,851,000 500,000 2,905,000 8,256,000 11,011,795 $ 11,011,795 .89 .89 52 Weeks $123,123,736 75,435,104 58,825,770 257,384,610 192,142.190 1 2,053,438 10,186,382 8.507,626 7,778,845 5.368,694 (792,000) 3,884,503 808,380 1,490,212 241,428,270 15,956,340 3.579,000 655,000 2,818,000 7,052,000 8,904,340 1.274,000 $ 10.178,340 .74 .11 .85