$MAR
MARRIOTT INTERNATIONAL INC /MD/

2023 Q4 Form 10-Q Financial Statement

#000162828023036256 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $6.095B $5.928B
YoY Change 2.9% 11.58%
Cost Of Revenue $4.988B $4.531B
YoY Change 7.41% 10.86%
Gross Profit $1.107B $1.397B
YoY Change -13.45% 13.95%
Gross Profit Margin 18.16% 23.57%
Selling, General & Admin $330.0M $239.0M
YoY Change 39.83% 10.65%
% of Gross Profit 29.81% 17.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.00M $69.00M
YoY Change 4.29% -4.17%
% of Gross Profit 6.59% 4.94%
Operating Expenses $381.0M $285.0M
YoY Change 35.11% 7.14%
Operating Profit $726.0M $1.099B
YoY Change -27.18% 14.72%
Interest Expense -$144.0M $146.0M
YoY Change 37.14% 46.0%
% of Operating Profit -19.83% 13.28%
Other Income/Expense, Net $55.00M $28.00M
YoY Change 833.33%
Pretax Income $581.0M $989.0M
YoY Change -34.79% 13.81%
Income Tax -$267.0M $237.0M
% Of Pretax Income -45.96% 23.96%
Net Earnings $848.0M $752.0M
YoY Change 26.0% 19.37%
Net Earnings / Revenue 13.91% 12.69%
Basic Earnings Per Share $2.52
Diluted Earnings Per Share $2.87 $2.51
COMMON SHARES
Basic Shares Outstanding 293.7M shares 298.2M shares
Diluted Shares Outstanding 300.1M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $338.0M $717.0M
YoY Change -33.33% -31.39%
Cash & Equivalents $338.0M $717.0M
Short-Term Investments
Other Short-Term Assets $261.0M $262.0M
YoY Change 11.06% 0.38%
Inventory
Prepaid Expenses
Receivables $2.712B $2.703B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.311B $3.682B
YoY Change -0.06% -0.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.581B $1.572B
YoY Change -0.25% 4.17%
Goodwill $8.886B $8.795B
YoY Change 0.16% 0.34%
Intangibles $9.190B
YoY Change 5.06%
Long-Term Investments $308.0M $311.0M
YoY Change -8.06% -6.33%
Other Assets $658.0M $578.0M
YoY Change 12.67% 3.4%
Total Long-Term Assets $22.36B $21.59B
YoY Change 4.0% 2.4%
TOTAL ASSETS
Total Short-Term Assets $3.311B $3.682B
Total Long-Term Assets $22.36B $21.59B
Total Assets $25.67B $25.27B
YoY Change 3.46% 2.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $738.0M $696.0M
YoY Change -1.07% -6.7%
Accrued Expenses $3.143B $2.716B
YoY Change 21.12% 0.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $553.0M $898.0M
YoY Change -19.15% 60.93%
Total Short-Term Liabilities $7.762B $7.677B
YoY Change 5.76% 7.94%
LONG-TERM LIABILITIES
Long-Term Debt $11.32B $10.87B
YoY Change 20.68% 22.69%
Other Long-Term Liabilities $1.482B $1.622B
YoY Change -19.54% -10.44%
Total Long-Term Liabilities $1.482B $1.622B
YoY Change -19.54% -10.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.762B $7.677B
Total Long-Term Liabilities $1.482B $1.622B
Total Liabilities $9.244B $9.299B
YoY Change 0.69% 4.21%
SHAREHOLDERS EQUITY
Retained Earnings $14.84B $14.14B
YoY Change 20.22% 19.9%
Common Stock $6.056B $6.001B
YoY Change 1.44% 1.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$682.0M -$661.0M
YoY Change
Total Liabilities & Shareholders Equity $25.67B $25.27B
YoY Change 3.46% 2.04%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $848.0M $752.0M
YoY Change 26.0% 19.37%
Depreciation, Depletion And Amortization $73.00M $69.00M
YoY Change 4.29% -4.17%
Cash From Operating Activities $751.0M $881.0M
YoY Change 70.29% 0.8%
INVESTING ACTIVITIES
Capital Expenditures $134.0M $124.0M
YoY Change -4.29% -269.86%
Acquisitions
YoY Change
Other Investing Activities $32.00M $4.000M
YoY Change -260.0% -85.19%
Cash From Investing Activities -$102.0M -$120.0M
YoY Change -36.25% 160.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.026B -597.0M
YoY Change 24.51% 82.57%
NET CHANGE
Cash From Operating Activities 751.0M 881.0M
Cash From Investing Activities -102.0M -120.0M
Cash From Financing Activities -1.026B -597.0M
Net Change In Cash -377.0M 164.0M
YoY Change -30.57% -67.27%
FREE CASH FLOW
Cash From Operating Activities $751.0M $881.0M
Capital Expenditures $134.0M $124.0M
Free Cash Flow $617.0M $757.0M
YoY Change 104.98% -20.06%

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