MARRIOTT INTERNATIONAL INC MD

For the period ended Jun 30, 2024. Filed Jul 31, 2024.

About this filing

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.

Jun 30, 2024 · Filed Jul 31, 2024

MAR$428.26+2.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Income

(in millions, except per share amounts)

	Three Months Ended		Six Months Ended
	June 30, 2024	June 30, 2023	June 30, 2024	June 30, 2023
REVENUES
Base management fees	$330	$318	$643	$611
Franchise fees	818	739	1,506	1,378
Incentive management fees	195	193	404	394
Gross fee revenues	1,343	1,250	2,553	2,383
Contract investment amortization	(27)	(22)	(50)	(43)
Net fee revenues	1,316	1,228	2,503	2,340
Owned, leased, and other revenue	395	390	752	746
Cost reimbursement revenue	4,728	4,457	9,161	8,604
	6,439	6,075	12,416	11,690
OPERATING COSTS AND EXPENSES
Owned, leased, and other - direct	296	287	582	568
Depreciation, amortization, and other	47	48	92	92
General, administrative, and other	248	240	509	442
Merger-related charges and other	8	38	16	39
Reimbursed expenses	4,645	4,366	9,146	8,502
	5,244	4,979	10,345	9,643
OPERATING INCOME	1,195	1,096	2,071	2,047
Gains and other income, net	4	2	8	5
Interest expense	(173)	(140)	(336)	(266)
Interest income	9	(1)	19	14
Equity in earnings	5	7	5	8
INCOME BEFORE INCOME TAXES	1,040	964	1,767	1,808
Provision for income taxes	(268)	(238)	(431)	(325)
NET INCOME	$772	$726	$1,336	$1,483
EARNINGS PER SHARE
Earnings per share – basic	$2.70	$2.39	$4.64	$4.84
Earnings per share – diluted	$2.69	$2.38	$4.62	$4.81

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.