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Marriott-Hot Shoppes, Inc., 1965 Annual Report
Image 13
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Marriott International, Inc.; Marriott Hot Shoppes. Marriott-Hot Shoppes, Inc., 1965 Annual Report - Image 13. 1965. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. August 14, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/981/show/969.

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 Hot Shoppes. (1965). Marriott-Hot Shoppes, Inc., 1965 Annual Report - Image 13. 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/981/show/969

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 Hot Shoppes, Marriott-Hot Shoppes, Inc., 1965 Annual Report - Image 13, 1965, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed August 14, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/981/show/969.

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-Hot Shoppes, Inc., 1965 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
  • Marriott Hot Shoppes
Publisher Marriott International, Inc.; Marriott Hot Shoppes
Date 1965
Description Marriott-Hot Shoppes, Inc. Annual Report for the fiscal year ending on July 25, 1965.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Marriott International, Inc.
  • Marriott Hot Shoppes
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 13
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_036_013.jpg
Transcript STATEMENT OF SOURCE AND APPLICATION OF FUNDS Marriott-Hot Shoppes, Inc. and Subsidiaries for the 52 weeks ended July 25, 1965 and July 26, 1964 FUNDS WERE PROVIDED BY: 1965 1964 Net income for the year Add: Depreciation Deferred taxes Deferred management stock awards Cash flow from operations Additions to long-term debt Disposal of plant and equipment Total funds provided $ 4,032,288 $ 3,110,807 2,188,057 2,087,656 595,629 862,785 125,153 120,627 $ 6,941,127 192,249 1,375,417 $ 6,181,875 1,047,280 $ 8,508,793 $ 7,229,155 FUNDS WERE EXPENDED FOR: Additions to plant and equipment Increase in cash surrender value of life insurance Increase (Decrease) in deferred charges Retirement of long-term debt Purchase of treasury stock (Note 3) Total funds expended INCREASE IN WORKING CAPITAL $ 6,997,995 $ 5,915,368 21,531 16,294 353,870 (63,744) 192,519 138,657 205,951 20,828 $ 7,771,866 $ 6,027,403 $ 736,927 $ 1,201,752 WORKING CAPITAL Beginning of year End of year Net change $10,367,771 $ 9,166,019 11,104,698 10,367,771 $ 736,927 $ 1,201,752 The accompanying notes are an integral part of this statement AUDITORS' OPINION TO THE STOCKHOLDERS AND BOARD OF DIRECTORS, MARRIOTT-HOT SHOPPES, INC. We have examined the statement of consolidated financial condition of MARRIOTT-HOT SHOPPES, INC. (a Delaware corporation) AND SUBSIDIARIES as of July 25, 1965, and the related statements of consolidated income, earned surplus and source and application of funds for the fifty-two weeks then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. Washington, D.C., September 10,1965. In our opinion, the accompanying statement of consolidated financial condition and statements of consolidated income, earned surplus and source and application of funds present fairly the financial position of Marriott-Hot Shoppes, Inc. and Subsidiaries as of July 25,1965, and the results of their operations and the source and application of their funds for the fifty-two weeks then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding period. ARTHUR ANDERSEN & CO.