MARRIOTT INTERNATIONAL INC MD
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
MAR$428.26+2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
(in millions, except per share amounts)
| Three Months Ended | ||
|---|---|---|
| March 31, 2024 | March 31, 2023 | |
| REVENUES | ||
| Base management fees | $313 | $293 |
| Franchise fees | 688 | 639 |
| Incentive management fees | 209 | 201 |
| Gross fee revenues | 1,210 | 1,133 |
| Contract investment amortization | (23) | (21) |
| Net fee revenues | 1,187 | 1,112 |
| Owned, leased, and other revenue | 357 | 356 |
| Cost reimbursement revenue | 4,433 | 4,147 |
| 5,977 | 5,615 | |
| OPERATING COSTS AND EXPENSES | ||
| Owned, leased, and other - direct | 286 | 281 |
| Depreciation, amortization, and other | 45 | 44 |
| General, administrative, and other | 261 | 202 |
| Merger-related charges and other | 8 | 1 |
| Reimbursed expenses | 4,501 | 4,136 |
| 5,101 | 4,664 | |
| OPERATING INCOME | 876 | 951 |
| Gains and other income, net | 4 | 3 |
| Interest expense | (163) | (126) |
| Interest income | 10 | 15 |
| Equity in earnings | — | 1 |
| INCOME BEFORE INCOME TAXES | 727 | 844 |
| Provision for income taxes | (163) | (87) |
| NET INCOME | $564 | $757 |
| EARNINGS PER SHARE | ||
| Earnings per share – basic | $1.94 | $2.44 |
| Earnings per share – diluted | $1.93 | $2.43 |
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