University of Houston Digital Library: Annual Reports from the Hospitality Industry Archives: Marriott Corporation, 1978 Annual Report

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Marriott Corporation, 1978 Annual Report

Image 27

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Marriott International, Inc.. Marriott Corporation, 1978 Annual Report - Image 27. 1978. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 24, 2021. https://digital.lib.uh.edu/collection/hiltonar/item/828/show/814.

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Marriott International, Inc.. (1978). Marriott Corporation, 1978 Annual Report - Image 27. 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/828/show/814

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Marriott International, Inc., Marriott Corporation, 1978 Annual Report - Image 27, 1978, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 24, 2021, https://digital.lib.uh.edu/collection/hiltonar/item/828/show/814.

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Compound Item Description

Title	Marriott Corporation, 1978 Annual Report
Creator (LCNAF)	Marriott International, Inc.
Publisher	Marriott International, Inc.
Date	1978
Description	Marriott Corporation Annual Report for the year ending on July 31, 1978.
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

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Item Description

Title	Image 27
Format (IMT)	image/jpeg
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