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Consolidated Source and Application of Funds
Marriott Corporation and Subsidiaries for the 52 weeks ended July 27, 1969 and July 28, 1968
SOURCE OF FUNDS
Cash flow from operations:
Income before extraordinary items
Depreciation and amortization
Deferred taxes
Deferred stock compensation
Total cash flow from operations
Extraordinary gain on sale of properties
Additions to mortgages and notes
New lease-purchase obligations
Convertible subordinated debt
Construction financing
Disposals of fixed assets and leasehold interest
Common stock, at quoted market, issued for acquisition of
businesses and land
APPLICATION OF FUNDS
Fixed assets
Leasehold interest
Acquisition of businesses
Deferred tax adjustment from prior year tax audit
Working capital deficit of acquired businesses
Escrow and lease deposits
Miscellaneous assets purchased
Debt retirement: Mortgages and notes
Lease-purchase obligations
Construction financing
Investments in and advances to unconsolidated finance
subsidiary and landlord of New Orleans Hotel
INCREASE (DECREASE) IN WORKING CAPITAL
WORKING CAPITAL
Beginning of period
End of period
Net Change
The accompanying notes to consolidated financial statements
are an integral part of this statement.
1969
$ 8,904,340
8,507,626
2,334,507
296,716
20,043,189
1,757,000
15,284,592
7,000,000
28,000,000
9,720,000
2,120,932
255,000
84,180,713
41,077,983
15,942,047
1,307,381
1,480,192
78,757
1,246,177
4,506,116
11,444,376
2,711,915
2,500,000
3,312,722
85,607,666
$ (1,426,953)
$ 7,579,413
6,152,460
$ (1,426,953)
1968
$ 7,418,653
6,838,260
1,495,000
550,000
16,301,913
14,477,562
10,000,000
10,000,000
2,500,000
788,271
3,898,717
57,966,463
25,892,853
15,989,537
6,942,447
896,000
676,037
141,353
635,457
1,262,335
2,509,748
54,945,767
$ 3,020,696
$ 4,558,717
7,579,413
$ 3,020,696
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