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Marriott Corporation, 1970 Annual Report
Image 25
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Marriott International, Inc.. Marriott Corporation, 1970 Annual Report - Image 25. 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/1622.

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 25. 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/1622

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 25, 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/1622.

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 25
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_041_025.jpg
Transcript Consolidated Source and Application of Funds Marriott Corporation and Subsidiaries for the 53 Weeks Ended July 31, 1970 and the 52 Weeks Ended July 27, 1969 1970 1969 WORKING CAPITAL, Beginning of year A * SOURCE OF FUNDS: Income before extraordinary items. j§p «P*» • ■---. Depreciation and amortization Slfill^M. Deferred income taxes •&?: ■-IflP*?''" • '^iSr Deferred stock compensation V m jt « -t. From operations Extraordinary gains on sale of properties .figK -Ilfll New financing: Mortgages and notes pL Lease-purchase obligations fi|l||j Interim construction financing covered by: Mortgage loan commitments 'jj&fll^ Bank loan commitments ,'jlfL Convertible subordinated debt I& -;l|§j: Less maturities: Mortgages and notes '... ,f, Lease-purchase obligations is§f -S^:- From financing :ifft- Capital stock, at quoted market, issued under Employee Stock Purchase Plan . Miscellaneous >Jh 4WX Total Sources 4ht ' APPLICATION OF FUNDS: Additions to fixed assets, net of dispositions Additions to leasehold interest, net of dispositions. Acquisition of businesses Investment in and advances to unconsolidated finance subsidiary and affiliate Increase in other assets Total Applications WORKING CAPITAL, End of year JjKrjV*' $ 6,152,460 11,011,795 11,061,741 2,905,000 490,121 25.468,657 24,720,546 10,635,000 (2,650,000) 12,780,000 45,485,546 (4,623,672) (2,741,045) 38,120,829 789,449 364.189 64,743,124 42,883,651 10,687,624 1,328.991 8,287,657 3,050,041 66,237,964 $ 4,657,620 $ 7,579,413 8,904,340 8,507,626 2,334,507 296,716 20,043,189 1,757,000 15,284,592 7,000.000 7,220,000 28,000.000 57,504.592 (11,444,376) (2,711,915) 43,348,301 255.000 65,403,490 38,957,051 15,942,047 1,307,381 3,312,722 7,311,242 66,830,443 $ 6,152.460 The accompanying notes to consolidated financial statements are an integral part of this statement. Auditors' Report: To the Shareholders and Board of Directors of Marriott Corporation: We have examined the consolidated balance sheet of MARRIOTT CORPORATION (a Delaware corporation) and Consolidated Subsidiaries as of July 31,1970, and the related statements of consolidated income and shareholders' investment and source and application of funds for the fifty-three weeks 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. We have previously examined and reported on the financial statements for the preceding year. In our opinion, the accompanying consolidated balance sheet and statements of consolidated income, shareholders' investment and source and application of funds present fairly the financial position of Marriott Corporation and Consolidated Subsidiaries as of July 31,1970, and the results of their operations and the source and application of their funds for the fifty-three weeks then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. ARTHUR ANDERSEN & CO. Washington, D. C, October 9,1970. 23