$MAR
MARRIOTT INTERNATIONAL INC /MD/

2024 Q3 Form 10-Q Financial Statement

#000162828024033679 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $6.255B $6.439B
YoY Change 5.52% 5.99%
Cost Of Revenue $4.981B $4.941B
YoY Change 9.93% 6.19%
Gross Profit $1.274B $1.498B
YoY Change -8.8% 5.34%
Gross Profit Margin 20.37% 23.26%
Selling, General & Admin $276.0M $248.0M
YoY Change 15.48% 3.33%
% of Gross Profit 21.66% 16.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $71.00M $74.00M
YoY Change 2.9% 5.71%
% of Gross Profit 5.57% 4.94%
Operating Expenses $321.0M $295.0M
YoY Change 12.63% 2.43%
Operating Profit $944.0M $1.195B
YoY Change -14.1% 5.38%
Interest Expense -$165.0M -$159.0M
YoY Change -213.01% 20.45%
% of Operating Profit -17.48% -13.31%
Other Income/Expense, Net $7.000M $4.000M
YoY Change -75.0% 100.0%
Pretax Income $786.0M $1.040B
YoY Change -20.53% 7.88%
Income Tax $202.0M $268.0M
% Of Pretax Income 25.7% 25.77%
Net Earnings $584.0M $772.0M
YoY Change -22.34% 6.34%
Net Earnings / Revenue 9.34% 11.99%
Basic Earnings Per Share $2.08 $2.70
Diluted Earnings Per Share $2.07 $2.69
COMMON SHARES
Basic Shares Outstanding 281.5M shares 285.6M shares
Diluted Shares Outstanding 282.4M shares 286.7M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $394.0M $349.0M
YoY Change -45.05% -38.01%
Cash & Equivalents $394.0M $349.0M
Short-Term Investments
Other Short-Term Assets $259.0M $304.0M
YoY Change -1.15% -3.8%
Inventory
Prepaid Expenses
Receivables $2.920B $2.847B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.573B $3.500B
YoY Change -2.96% 1.63%
LONG-TERM ASSETS
Property, Plant & Equipment $1.624B $1.558B
YoY Change 3.31% -38.3%
Goodwill $8.890B $8.783B
YoY Change 1.08% -0.76%
Intangibles
YoY Change
Long-Term Investments $307.0M $304.0M
YoY Change -1.29% -2.25%
Other Assets $666.0M $667.0M
YoY Change 15.22% -18.86%
Total Long-Term Assets $22.64B $22.24B
YoY Change 4.87% 2.76%
TOTAL ASSETS
Total Short-Term Assets $3.573B $3.500B
Total Long-Term Assets $22.64B $22.24B
Total Assets $26.21B $25.74B
YoY Change 3.73% 2.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $807.0M $826.0M
YoY Change 15.95% 23.28%
Accrued Expenses $3.349B $3.114B
YoY Change 23.31% 20.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $960.0M $960.0M
YoY Change 6.9% 7.38%
Total Short-Term Liabilities $8.518B $8.283B
YoY Change 10.95% 10.15%
LONG-TERM LIABILITIES
Long-Term Debt $12.67B $12.18B
YoY Change 16.57% 17.11%
Other Long-Term Liabilities $1.392B $1.327B
YoY Change -14.18% -81.32%
Total Long-Term Liabilities $1.392B $1.327B
YoY Change -14.18% -92.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.518B $8.283B
Total Long-Term Liabilities $1.392B $1.327B
Total Liabilities $9.910B $9.610B
YoY Change 6.57% -62.03%
SHAREHOLDERS EQUITY
Retained Earnings $16.25B $15.84B
YoY Change 14.91% 16.98%
Common Stock $6.130B $6.035B
YoY Change 2.15% 1.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.421B -$2.091B
YoY Change
Total Liabilities & Shareholders Equity $26.21B $25.74B
YoY Change 3.73% 2.6%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $584.0M $772.0M
YoY Change -22.34% 6.34%
Depreciation, Depletion And Amortization $71.00M $74.00M
YoY Change 2.9% 5.71%
Cash From Operating Activities $880.0M $772.0M
YoY Change -0.11% 18.59%
INVESTING ACTIVITIES
Capital Expenditures $174.0M $125.0M
YoY Change 40.32% 26.26%
Acquisitions
YoY Change
Other Investing Activities $10.00M -$5.000M
YoY Change 150.0% -94.12%
Cash From Investing Activities -$164.0M -$130.0M
YoY Change 36.67% -29.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -670.0M -720.0M
YoY Change 12.23% 56.86%
NET CHANGE
Cash From Operating Activities 880.0M 772.0M
Cash From Investing Activities -164.0M -130.0M
Cash From Financing Activities -670.0M -720.0M
Net Change In Cash 46.00M -78.00M
YoY Change -71.95% -1075.0%
FREE CASH FLOW
Cash From Operating Activities $880.0M $772.0M
Capital Expenditures $174.0M $125.0M
Free Cash Flow $706.0M $647.0M
YoY Change -6.74% 17.21%

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