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Marriott Corporation, 1984 Annual Report
Image 35
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Marriott International, Inc.. Marriott Corporation, 1984 Annual Report - Image 35. 1984. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 12, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/439/show/425.

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.. (1984). Marriott Corporation, 1984 Annual Report - Image 35. 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/439/show/425

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, 1984 Annual Report - Image 35, 1984, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 12, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/439/show/425.

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, 1984 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1984
Description Marriott Corporation Annual Report for calendar year 1984.
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 35
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_056_035.jpg
Transcript 1 BUSINESS SEGMENT INFORMATION Results of operations by principal business segment are included in the Income Statement Net assets employed, identifiable assets, capital expenditures and acquisitions, and depreciation and amortization by principal business segment are (in millions): Capital Expenditures Depreciation and Net Assets Employed* Identifiable Assets and Acquisitions Amortization 1984 1983 $1,491.9 $1,031.7 $ 1982 1984 1983 729.9 $1,786.3 $1,264.6 $ 1982 909.7 1984 1983 1982 1984 1983 1982 Lodging $566.4 $377.2 $371.5 $31.3 $27.4 $22.7 Contract Food Services 310.6 290.6 274.8 417.5 391.6 373.3 61.7 43.8 127.7 30.3 26.1 22.9 Restaurants 405.1 424.5 401.5 483.1 483.0 452.2 66.2 61.4 199.6 34.1 30.7 25.1 Corporate44 123.1 260.7 228.3 217.8 $2,330.7 $2,007.5 $1,634.5 $2,904.7 I 362.2 327.4 9.9 17.0 22.5 $499.4 $721.3 3.5 12.1 15.1 Total ?2,501.4 $ 2,062.6 $704.2 $99.2 $96.3 $85.8 "Net assets employed represent identifiable assets less identifiable current liabilities * Corporate includes discontinued theme park operations. l I Supplemental operating data for the lodging segment follows (in millions): 1984 1983 1982 Sales Rooms $ 880.2 $ 704.2 $ 570.6 Food and beverage 573.8 497.2 397.9 Other 186.8 119.1 123.2 1,640.8 1,320.5 1,091.7 Costs and Expenses Departmental direct costs Rooms 189.6 153.9 119.7 Food and beverage 413.8 357.9 287.9 Other, including undistributed operating expenses and fixed charges 876.2 669.0 551.5 Operating Income 1,479.6 1,180.8 $ 161.2 $ 139.7 959.1 132.6 ACQUISITIONS AND DISPOSITIONS In 1982, subsidiaries of the company acquired the outstanding common stock of Host International, Inc. (Host) and Gino's Inc. (Gino's) for cash in transactions accounted for as purchases. The aggregate purchase price, including long-term liabilities assumed, was $204.7 million for Host and $112.7 million for Gino's. The results of Host's operations are included in the company's financial statements from the date of acquisition. On an unaudited pro forma basis, results of operations for 1982, as if Host had been acquired at the beginning of 1982, would include sales of $2,508.1 million, net income of $93.2 million, and fully diluted earnings per share of $3.39. Gino's was acquired primarily to obtain prime real estate sites to be converted into Roy Rogers restaurants. Units acquired that were to be divested were recorded at their estimated net realizable values as of the acquisition date. 33