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FINANCIAL HISTORY
(dollars in thousands except per share amounts)
Years
1983
1982
1981
1980
Summary of Operations*
Sales
Earnings before interest and taxes
Interest cost, net
Income before income taxes
United States and foreign
income taxes
Net income
Funds provided from operations**
Capital expenditures and acquisitions
net of hotel sales
(53 weeks)
3,036,703
253,372
55,270
198,102
2,541,353
220,349
66,666
153,683
2,000,314
191,053
52,024
139,029
1,718,725
166,908
46,820
120,088
82,857
115,245
294,065
59,341
94,342
230,554
52,893
86,136
186,641
48,058
72,030
150,292
499,439
483,498
247,999
168,289
Capitalization and Returns
Total assets
Total capital***
Shareholders' equity
Debt and capital lease obligations
Percent to total capital
Return on average shareholders' equity
Return on average total capital
(before interest and taxes)
2,501,428
2,062,648
1,454,876
1,214,264
2,007,507
1,634,504
1,167,458
977,690
628,204
516,005
421,729
311,505
1,071,611
889,325
607,743
536,607
53.4%
54.4%
52.1%
54.9%
20.0%
20.0%
23.4%
23.8%
14.4%
14.8%
17.6%
18.0%
Per Share and Other Data
Fully diluted earnings per share
Percent increase for the year
Cash dividends
Shareholders' equity
Quoted market price at year-end
Shares outstanding
Hotel rooms:
Total
Company-operated
Employees
4.15
3.44
3.20
2.60
20.6%
7.5%
23.1%
33.3%
.38
.315
.255
.21
23.37
19.43
16.12
12.43
71.25
58.50
35.88
31.75
26,876,344
26,554,692
26,158,762
25,061,265
54,986
49,432
40,419
30,169
45,909
41,126
33,088
23,704
109,400
109,200
81,800
67,300
•See Notes to Financial Statements for summary of significant accounting policies and additional information.
"Funds provided from operations consist of net income plus depreciation, deferred taxes and other items not requiring current outlay of
working capital.
•Total capital represents total assets less current liabilities.
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