Marriott international inc /md/ (MAR)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Aug'12May'12Mar'12Dec'11Aug'11Jun'11Mar'11Dec'10Aug'10Jun'10Mar'10Dec'09Aug'09Jun'09Mar'09
OPERATING ACTIVITIES
Net income

929

1,273

1,311

1,427

1,862

1,907

1,704

1,686

1,508

1,459

1,617

1,202

960

808

738

878

871

859

854

836

788

753

707

675

662

626

656

639

603

571

531

209

201

198

230

492

476

458

391

-161

-245

-353

0

0

0

Adjustments to reconcile to cash provided by operating activities:
Depreciation, amortization, and other

510

403

283

280

279

284

277

277

290

279

272

243

190

159

129

124

126

139

139

141

156

148

151

152

138

127

94

93

98

102

128

135

138

144

0

0

0

-

-

185

185

185

0

0

0

Share-based compensation

188

187

182

181

182

184

182

179

175

181

234

248

232

212

146

117

117

113

112

110

108

109

108

109

111

116

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

-264

-200

-180

-171

-270

-239

540

569

825

887

292

190

131

103

24

105

172

143

108

113

84

71

89

45

56

73

137

196

187

224

247

152

148

113

-98

-14

-14

-27

119

-133

-165

-167

0

0

0

Timeshare activity, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175

161

204

229

216

413

351

62

146

0

0

0

Liability for guest loyalty programs

-

-

-

-

-

-

-

-

-

-

-

-

336

-

293

263

264

233

224

208

190

175

164

147

121

99

74

59

54

60

37

64

59

78

92

95

95

86

61

66

68

103

0

0

0

Contract acquisition costs

-178

-195

-182

-174

-179

-152

-169

-167

-161

-185

-257

-202

-150

-76

87

86

81

121

107

109

120

65

72

63

53

61

45

68

65

61

72

46

47

74

75

83

77

56

48

45

50

39

0

0

0

Merger-related charges

84

86

190

181

22

16

-44

-49

-104

-124

-80

111

173

209

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Working capital changes

373

-273

-379

-289

-379

-76

-7

-83

7

-30

-257

-238

-196

-106

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on asset dispositions

143

147

18

27

138

194

848

836

748

687

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

-6

-9

-9

-11

-11

-7

21

16

0

0

0

Asset impairments and write-offs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

154

130

131

131

23

26

32

80

0

0

0

Working capital changes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

23

-6

-82

-49

50

-136

-14

-75

-72

-81

-115

-62

-93

-39

-48

-120

-114

-124

51

-106

0

0

0

Other

218

294

248

172

90

107

108

120

211

149

119

101

110

88

101

117

77

94

77

70

108

88

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

2,048

1,685

1,723

1,966

1,833

2,357

2,300

2,170

2,440

2,227

2,164

1,943

1,687

1,619

1,641

1,625

1,647

1,515

1,354

1,307

1,304

1,224

1,285

1,199

1,204

1,140

986

1,182

982

989

1,012

1,025

1,075

1,089

1,123

1,110

1,130

1,151

1,184

1,043

825

868

0

0

0

INVESTING ACTIVITIES
Capital expenditures

646

653

329

310

558

556

547

524

256

240

222

225

205

199

219

224

272

305

362

414

425

411

337

304

287

296

347

328

310

437

371

349

318

183

288

334

344

307

182

128

122

147

0

0

0

Dispositions

653

395

23

45

373

479

1,396

1,372

1,215

1,418

640

640

518

211

114

145

430

673

755

724

390

435

292

292

292

0

0

0

0

-

-

-

-

20

0

0

0

-

-

-

-

2

0

0

0

Loan advances

62

30

23

10

1

13

21

58

77

93

93

56

44

32

78

78

72

66

12

12

110

103

105

106

7

7

20

19

19

17

8

17

25

26

28

25

24

24

31

57

63

65

0

0

0

Loan collections

51

51

50

25

47

48

143

206

185

187

97

75

72

67

132

80

87

92

29

31

32

34

41

51

66

77

91

92

92

155

127

128

191

110

113

97

18

18

49

36

18

20

0

0

0

Equity and cost method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

5

3

16

19

19

27

15

24

25

20

83

115

108

97

29

40

33

29

28

0

0

0

Escrow deposit for acquisition of a business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

27

47

97

90

50

10

6

-6

50

61

29

30

9

1

-57

-107

-113

-110

-70

-12

17

19

-35

-13

28

39

131

94

64

65

51

-45

5

11

-3

100

14

-20

-41

-52

-78

-75

0

0

0

Net cash provided by (used in) investing activities

-31

-284

-376

-340

-189

-52

965

1,002

1,017

1,211

468

-1,951

-2,039

-2,346

-2,493

-57

325

367

364

222

-377

-313

-514

-483

-389

-519

-681

-585

-538

-585

-315

-240

-204

-247

-248

-421

-418

-264

-100

-65

-52

-69

0

0

0

FINANCING ACTIVITIES
Commercial paper/Credit Facility, net

1,603

951

3

-13

-91

-129

625

648

713

60

196

2,433

1,296

1,373

1,791

-1,217

-335

-140

-414

121

332

235

418

8

-262

311

342

590

1,146

184

38

316

43

325

397

60

-354

-425

-710

-800

-604

-544

0

0

0

Issuance of long-term debt

556

1,397

2,055

2,044

2,487

1,646

442

442

-1

0

0

0

1,483

1,482

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

936

708

708

708

118

0

0

0

-

-

-

-

-

-

-

-

Repayments of Long-term Debt

298

835

627

627

987

397

396

396

319

310

335

333

328

326

614

615

325

325

9

8

7

7

7

7

7

407

407

421

770

370

436

487

189

264

313

335

341

385

347

260

229

238

0

0

0

Issuance of Class A Common Stock

2

7

7

6

5

4

6

7

8

6

16

21

30

34

23

25

29

40

88

110

138

178

187

228

215

199

239

201

190

179

106

110

109

124

219

206

226

198

95

73

42

27

0

0

0

Dividends paid

629

612

594

579

564

543

524

504

485

482

479

474

425

374

321

269

261

253

245

238

229

223

219

212

205

196

225

217

198

191

144

137

136

134

114

93

75

43

29

16

32

63

0

0

0

Purchase of treasury stock

1,613

2,260

2,165

2,405

2,832

2,850

3,421

3,358

3,246

3,013

2,425

1,647

902

568

344

1,059

1,736

1,917

2,377

1,960

1,619

1,510

1,144

993

937

834

905

1,093

1,226

1,145

1,084

1,307

1,261

1,425

1,282

725

357

57

0

0

0

-

-

-

-

Share-based compensation withholding taxes

148

148

132

127

105

105

118

123

153

157

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-24

-24

-82

-70

0

0

0

0

-

-

-

-

-

-

-

-

-11

0

0

1

11

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-535

-1,508

-1,460

-1,709

-2,087

-2,374

-3,386

-3,284

-3,483

-3,896

-3,197

-177

1,001

1,497

1,835

-1,029

-1,993

-1,890

-1,773

-1,581

-991

-933

-765

-632

-852

-583

-266

-594

-513

-418

-812

-797

-725

-1,245

-878

-672

-686

-497

-991

-1,003

-823

-818

0

0

0

INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

1,482

-107

-113

-83

-443

-69

-121

-112

-26

-458

-565

-185

649

770

983

539

-21

-8

-55

-52

-64

-22

6

84

-37

38

39

3

-69

-14

-115

-12

146

-403

-3

17

26

390

93

-25

-50

-19

0

0

0

Loyalty Program [Member]
Liability for guest loyalty program

331

257

268

386

364

520

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-