Title | Marriott Corporation, 1978 Annual Report |
Creator (LCNAF) |
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Publisher | Marriott International, Inc. |
Date | 1978 |
Description | Marriott Corporation Annual Report for the year ending on July 31, 1978. |
Subject.Topical (LCSH) |
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Subject.Name (LCNAF) |
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Genre (AAT) |
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Language | English |
Type (DCMI) |
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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 |
Title | Image 27 |
Format (IMT) |
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File Name | hiltonar_201609_049_027.jpg |
Transcript | Consolidated Income Marriott Corporation and Subsidiaries for the Fiscal Years Ended July 28, 1978 and July 29,1977 1978 1977 Total Sales 51,176,541,000 $1,026,313,000 Costs and Expenses Cost of sales and operating expenses Administrative and general expenses Taxes—payroll, real estate and other Depreciation and amortization of property and equipment Advertising and sales promotion expenses Interest cost, less capitalized interest of $3,618,000 and $1,938,000 Profit sharing retirement contributions Pre-opening and development expenses 878,150,000 47,911,000 50,305,000 48,440,000 32,174,000 28,224,000 6,727,000 4,830,000 768,296,000 41,853,000 42,736,000 45,679,000 25,547,000 30,193,000 5,291,000 4,694,000 1,096,761,000 964,289,000 Income Before Dispositions and Income Taxes Dispositions of Businesses 79,780,000 62,024,000 (1,885,000) Income Before Income Taxes Provision for Income Taxes 79,780,000 33,657,000 60,139,000 24,634,000 Net Income $ 46,123,000 $ 35,505,000 Earnings Per Share—assuming no dilution $1.26 $.97 Earnings Per Share—assuming full dilution $1.22 $.95 The accompanying notes are an integral part of this statement. 25 |