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Marriott Corporation, 1969 Annual Report
Image 28
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Marriott International, Inc.. Marriott Corporation, 1969 Annual Report - Image 28. 1969. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. March 2, 2021. https://digital.lib.uh.edu/collection/hiltonar/item/1729/show/1724.

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.. (1969). Marriott Corporation, 1969 Annual Report - Image 28. 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/1729/show/1724

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, 1969 Annual Report - Image 28, 1969, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed March 2, 2021, https://digital.lib.uh.edu/collection/hiltonar/item/1729/show/1724.

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, 1969 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1969
Description Marriott Corporation Annual Report for the 52 weeks ending on July 27, 1969.
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 28
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_040_028.jpg
Transcript •Mi H Harriott CORPORATION 10 Year Financial History Marriott Corporation and Subsidiaries Dollars in Thousands 1969 1968 1967 NOTES A. Data exclude special gain on sale of properties in 1969 ($1,274,000 net of $483,000 tax or $.11 per share). B. Leasehold interest and lease- purchase obligations capitalized as of July 25, 1965, include 5 properties which prior to 1961 were owned by the Company and included in fixed assets and mortgage indebtedness. C. Per share data is based on the weighted average number of shares outstanding during the year (except for shareholders' investment which is based on the total shares outstanding), adjusted for annual stock dividends and for 2-for-1 splits in December 1960, April 1965 and March 1968. D. Figures have been restated on a comparable basis except for the changes in accounting for leases in 1965 and for hotel pre-opening expenses and deferred stock contracts in 1969. OPERATIONS (Note A) Sales I 257,385 % Increase for the year I 30.3% Income before income taxes I 15,956 Per sales dollar ■ 6.2% United States and foreign income taxes I (7,385) Additional surtax I (655) Investment tax credit I 988 Income before extraordinary items.. . . I 8,904 % Increase for the year 9 20.0% Per sales dollar £ 3.5% Return on beginning shareholders' investment 15.7% Cash flow from operations I 20,043 ASSETS EMPLOYED Net working capital I 6,152 Fixed assets I 103,506 Leasehold interest (Note B) | 69,582 Other assets I 23,988 SOURCE OF FUNDS Mortgages and notes I 30,036 Lease-purchase obligations (NoteB) I 45,456 Construction financing 9,720 Deferred taxes and compensation .... 9 11,978 Convertible subordinated debt I 28,000 Minority interest in subsidiaries I 282 Shareholders' investment I 77,756 PER SHARE DATA (Notes A and C) Income before extraordinary items.... I .76 Cash flow from operations I 1.71 Stock dividends Percent I 2.5% Cash equivalent . . 1 .81 Shareholders' investment I 6.42 Quoted market price at year end I 31.13 OTHER DATA (Note C) Weighted average shares outstanding 11,716,667 Shares outstanding 12,102,466 Number of shareholders 1 24,000 Number of employees I 24,300 Number of operating units I 324 197,498 35.0% 13,362 6.8% 146,349 18.1% 10,820 7.4% (6,441) (329) 827 7,419 22.6% 3.8% (5,233 462 6,049 18.4% 4.1% 16.3% 16,302 19.6% 12,920 7,579 68,792 55,718 12,159 4,559 44,671 42,046 6,810 24,808 11,286 41,168 2,500 8,816 33,679 7,667 10,000 181 56,775 45,454 .64 1.41 .57 1.21 3.0% .62 4.87 28.78 4.0% .50 3.99 15.75 11,559,690 11,651,362 20,700 19,700 256 10,679,314 11,403,863 15,767 15,600 206 26