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Marriott Corporation, 1984 Annual Report
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Marriott International, Inc.. Marriott Corporation, 1984 Annual Report - Image 38. 1984. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 17, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/439/show/428.

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 38. 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/428

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 38, 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 17, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/439/show/428.

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 38
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_056_038.jpg
Transcript QUARTERLY FINANCIAL RESULTS (Unaudited) A summary of selected quarterly financial data for fiscal years 1984 and 1983 follows (in thousands, except per share amounts): Fiscal First Second Third Fourth Year 1984 Sales $743,861 $824,602 $834,246 $1,122,228 $3,524,937 I Income before income taxes 40,525 60,305 62,453 72,820 236,103 Income from continuing operations 23,080 33,965 35,542 42,668 135,255 Income (loss) from discontinued operations (47) 2,679 2,713 (835) 4,510 Net income - 23,033 36,644 38,255 41,833 139,765 Earnings per share: Continuing operations .83 1.28 1.34 1.60 5.01 Net income .83 1.38 1.44 1.57 5.18 1983 Sales $634,633 $682,785 $691,293 $ 941,816 $2,950,527 Income before income taxes 34,118 49,278 48,520 53,145 185,061 Income from continuing operations 19,743 27,980 28,865 31,826 108,414 Income (loss) from discontinued operations (504) 351 7,805 (821) 6,831 Net income 19,239 28,331 36,670 31,005 115,245 Earnings per share: Continuing operations .72 1.01 1.04 1.14 3.90 Net income .70 1.02 1.32 1.11 4.15 The company uses a 52-53 week fiscal year ending on the Friday closest to December 31. Each of the first three quarters consists of 12 weeks while the fourth quarter includes 16 weeks. The sum of the earnings per share for the four quarters may differ from the annual earnings per share due to the required method of computing the quarterly and annual amounts of the weighted average number of shares in the respective periods. CURRENT COST INFORMATION (Unaudited) The following tables are required by Statement of Financial Accounting Standards No. 33 (SFAS 33). They adjust historical cost financial information for changes in the specific prices of resources utilized in the company's operations. However, this information distorts economic performance because historical cost depreciation is further increased for changes in the company's current costs, whereas the company's real estate-based assets require less annual capital reinvestment than is provided by historical cost depreciation. Accordingly, the Current Value information on page 24 is more meaningful in evaluating the company's performance and financial condition. Income Statement Adjusted for Changing Costs for the year ended December 28,1984 (in thousands of average 1984 dollars) Income from continuing operations, as reported $135,255 Current cost adjustments for depreciation and amortization of property and equipment (11,899) Current cost income from continuing operations 123,356 Gain from decline in purchasing power of net amounts owed 58,456 Adjusted income from continuing operations $181,812 Increase in current cost of property and equipment held during the year $ 66,954 Effect of increase in general price level 65,535 Increase in current costs excluding increase in general price level $ 1,419 36