MARRIOTT INTERNATIONAL INC /MD/ MAR Income Statement

Marriott international inc /md/ (MAR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Aug'12	May'12	Mar'12	Dec'11	Aug'11	Jun'11	Mar'11	Dec'10	Aug'10	Jun'10	Mar'10	Jan'10	Aug'09	Jun'09	Mar'09	Aug'08	May'08
REVENUES
Timeshare sales and services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	238	286	288	276	372	275	289	285	377	254	283	209	384	388
Revenues
4,681	5,371	5,284	5,305	5,012	5,289	5,051	5,409	5,009	5,251	5,078	5,211	4,912	3,791	3,942	3,902	3,772	3,706	3,578	3,689	3,513	3,559	3,460	3,484	3,293	3,219	3,160	3,263	3,142	3,757	2,729	2,776	2,552	3,693	2,874	2,972	2,778	3,642	2,648	2,771	2,630	3,380	2,471	2,562	2,495	2,963	3,185
OPERATING COSTS AND EXPENSES
Depreciation, amortization, and other
150	179	52	56	54	62	52	58	54	53	54	71	51	22	36	30	31	32	31	32	44	32	33	47	36	35	34	33	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	9	33	2	0	0
General, administrative, and other
270	267	220	229	222	242	221	217	247	270	205	234	212	273	161	154	155	188	149	152	145	180	172	159	148	178	147	160	164	206	132	160	147	254	180	159	159	351	149	142	138	215	144	147	216	167	184
Merger-related costs and (recoveries) charges
-2	-53	9	173	9	91	12	18	34	59	28	21	51	136	228	14	8	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timeshare-direct
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	209	250	245	225	329	219	239	235	303	238	279	220	337	311
Timeshare strategy-impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	324	-	-	-	0	-	-	-	614	-	-	0	-
Costs and expenses
4,567	5,097	4,677	4,896	4,502	4,867	4,455	4,591	4,479	4,827	4,288	4,467	4,366	3,294	3,771	3,513	3,405	3,396	3,239	3,320	3,181	3,268	3,162	3,168	3,039	2,981	2,915	2,984	2,916	3,448	2,516	2,533	2,377	3,446	3,018	2,740	2,587	3,520	2,481	2,545	2,450	3,165	2,977	2,463	2,455	2,760	2,872
OPERATING INCOME
114	274	607	409	510	422	596	818	530	424	790	744	546	497	171	389	367	310	339	369	332	291	298	316	254	238	245	279	226	309	213	243	175	247	-144	232	191	122	167	226	180	215	-506	99	40	203	313
(Losses) gains and other income, net
-4	138	10	1	5	3	18	114	59	657	6	25	0	2	3	0	0	7	0	20	0	4	1	3	0	-3	1	10	3	-1	36	5	2	4	-16	3	2	28	3	3	1	4	-1	3	25	7	9
Interest expense
93	95	100	102	97	94	86	85	75	72	73	73	70	75	55	57	47	46	43	42	36	26	29	30	30	32	28	29	31	41	29	34	33	47	39	37	41	50	41	44	45	34	27	28	29	33	38
Interest income
6	6	8	6	6	6	5	6	5	14	9	8	7	13	9	7	6	10	5	6	8	13	8	4	5	10	5	5	3	7	3	3	4	5	2	3	4	8	4	3	4	5	5	9	6	8	9
(Provision for) reversal of provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Equity in (losses) earnings
-4	3	2	0	8	8	61	21	13	11	6	12	11	1	3	5	0	3	8	2	3	0	12	-8	2	-3	0	-2	0	-3	-1	-8	-1	-7	-2	0	-4	2	-5	-4	-11	-16	-12	-4	-34	2	-3
Timeshare strategy - impairment charges (non-operating)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	138	-	-	0	-
INCOME BEFORE INCOME TAXES
19	326	527	314	432	345	594	874	532	1,034	738	716	494	438	131	344	326	284	309	355	307	282	290	285	231	210	223	263	201	271	222	209	147	202	-199	201	152	110	128	184	129	174	-679	79	8	187	290
Benefit (provision) for income taxes
-12	47	140	82	57	28	91	207	112	920	253	227	123	166	61	97	107	82	99	115	100	85	98	93	59	59	63	84	65	90	79	66	43	61	-20	66	51	-63	45	65	46	68	-210	44	33	103	139
INCOME (LOSS) FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84	151
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4
NET INCOME (LOSS)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83	-	-	106	-469	35	-25	84	155
Add: Net losses attributable to noncontrolling interests, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3	-2	-2	-10	-2
Net Income (Loss) Attributable to Parent
31	279	387	232	375	317	503	667	420	114	485	489	371	272	70	247	219	202	210	240	207	197	192	192	172	151	160	179	136	181	143	143	104	141	-179	135	101	-	-	119	83	106	-466	37	-23	94	157
Earnings Per Share [Abstract]
EARNINGS PER SHARE
Earnings (losses) from continuing operations attributable to Marriott shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.27	0.43
Earnings from discontinued operations attributable to Marriott shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.01
Earnings per share - basic (in USD per share)
0.10	0.86	1.17	0.70	1.10	0.94	1.45	1.89	1.17	0.34	1.30	1.29	0.96	0.69	0.26	0.97	0.86	0.79	0.80	0.88	0.75	0.70	0.66	0.66	0.58	0.50	0.53	0.58	0.44	0.57	0.45	0.44	0.31	0.43	-0.52	0.38	0.27	0.47	0.23	0.33	0.23	0.30	-1.31	0.10	-0.06	0.27	0.44
EARNINGS PER SHARE-Diluted
Earnings (losses) from continuing operations attributable to Marriott shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.25	0.41
Earnings from discontinued operations attributable to Marriott shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.01
Earnings per share - diluted (in USD per share)
0.09	0.86	1.16	0.69	1.09	0.92	1.43	1.87	1.16	0.32	1.29	1.28	0.95	0.66	0.26	0.96	0.85	0.77	0.78	0.87	0.73	0.68	0.65	0.64	0.57	0.48	0.52	0.57	0.43	0.56	0.44	0.42	0.30	0.44	-0.52	0.37	0.26	0.46	0.22	0.31	0.22	0.30	-1.31	0.10	-0.06	0.25	0.42
CASH DIVIDENDS DECLARED PER SHARE (in USD per share)
-	-	-	-	-	-	-	-	-	-	0.33	0.33	0.30	-	0.30	0.30	0.25	-	0.25	0.25	0.20	-	0.20	0.20	0.17	-	0.17	0.17	0.13	-	0.13	0.13	0.10	-	0.10	0.10	0.08	0.08	0.04	0.04	0.04	0.00	0.00	0.00	0.08	0.08	0.08
Base management fees
Gross revenues
214	298	291	309	282	288	279	300	273	284	269	285	264	268	180	186	172	172	170	191	165	163	178	176	155	152	150	166	153	182	134	141	124	183	136	149	134	178	123	136	125	163	116	126	125	143	161
Franchise fees
Gross revenues
415	501	530	525	450	455	502	475	417	389	426	416	355	344	290	273	250	332	227	221	204	185	203	194	163	163	175	177	151	187	149	145	126	159	124	120	103	136	109	105	91	119	100	93	88	108	110
Incentive management fees
Gross revenues
0	175	134	165	163	167	151	176	155	183	136	148	140	149	81	94	101	81	68	81	89	82	67	82	71	73	53	64	66	90	36	56	50	74	29	50	42	75	21	46	40	59	17	35	43	52	103
Fee revenues
Gross revenues
629	974	955	999	895	910	932	951	845	856	831	849	759	761	551	553	523	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract investment amortization
25	17	16	15	14	14	13	13	18	39	0	0	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
604	957	939	984	881	896	919	938	827	817	831	849	748	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned, leased, and other
Revenues
280	426	393	418	375	409	397	423	406	414	452	458	428	475	239	207	204	126	229	243	257	275	244	269	234	260	220	246	224	308	200	264	217	356	254	249	224	342	220	255	229	335	226	238	220	260	319
Operating costs
272	334	326	331	325	321	315	334	336	344	356	355	356	368	194	173	166	181	175	183	194	202	189	199	185	197	172	181	179	252	174	203	195	300	219	220	204	301	213	224	217	313	214	217	207	240	273
Reimbursements
Revenues
3,797	3,988	3,952	3,903	3,756	3,984	3,735	4,048	3,776	2,851	4,380	4,488	3,736	2,595	3,152	3,142	3,045	2,995	2,884	2,953	2,798	2,854	2,768	2,763	2,670	2,571	2,562	2,610	2,548	2,990	2,210	2,170	2,035	2,683	2,045	2,116	1,999	2,539	1,900	1,940	1,860	2,327	1,758	1,787	1,810	2,016	2,104
Operating costs
3,877	4,370	4,070	4,107	3,892	4,151	3,855	3,964	3,808	2,664	4,380	4,488	3,696	2,495	3,152	3,142	3,045	2,995	2,884	2,953	2,798	2,854	2,768	2,763	2,670	2,571	2,562	2,610	2,548	2,990	2,210	2,170	2,035	2,683	2,045	2,116	1,999	2,539	1,900	1,940	1,860	2,327	1,758	1,787	1,810	2,016	2,104