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Marriott Corporation, 1978 Annual Report
Image 30
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Marriott International, Inc.. Marriott Corporation, 1978 Annual Report - Image 30. 1978. 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/828/show/817.

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.. (1978). Marriott Corporation, 1978 Annual Report - Image 30. 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/817

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, 1978 Annual Report - Image 30, 1978, 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/828/show/817.

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, 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
Item Description
Title Image 30
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_049_030.jpg
Transcript Consolidated Changes in Financial Position Marriott Corporation and Subsidiaries for the Fiscal Years Ended July 28,1978 and July 29,1977 1978 1977 Sources of Funds Net income Add expenses not requiring current outlay of working capital— Depreciation and amortization of property and equipment Deferred income taxes Other From operations New financing Net funds after tax from sale of five hotels Common stock issued Disposals of property and equipment Total sources $ 46,123,000 48,440,000 11,976,000 7,202,000 113,741,000 46,171,000 20,463,000 1,765,000 21,846,000 203,986,000 $ 35,505,000 45,679,000 8,462,000 6,019,000 95,665,000 17,341,000 2,628,000 20,298,000 135,932,000 Applications of Funds Additions to property and equipment 103,759,000 Acquisitions of businesses 20,838,000 Maturities and prepayments of mortgages and notes 47,293,000 Investments in and advances to affiliates 12,056,000 Net increase in notes receivable 14,057,000 Other 3,756,000 Total applications 201,759,000 74,613,000 57,169,000 4,543,000 66,000 (885,000) 135,506,000 Increase in Working Capital $ 2,227,000 426,000 Summary of Changes in Working Capital Increase (decrease) in current assets Cash and marketable securities $ 34,081,000 $ 3,973,000 Accounts receivable 15,615,000 5,256,000 Inventories (3,261,000) 8,131,000 Prepaid expenses 256,000 2,979,000 (Increase) decrease in current liabilities Short term loans 591,000 (553,000) Accounts payable, accrued liabilities and income taxes payable (43,606,000) (20,569,000) Current portion of debt and capital lease obligations (1,449,000) 1,209,000 Increase in Working Capital $ 2,227,000 426,000 The accompanying notes are an integral part of this statement. 28