MARRIOTT INTERNATIONAL INC MD

For the period ended Sep 30, 2024. Filed Nov 4, 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.

Sep 30, 2024 · Filed Nov 4, 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		Nine Months Ended
	September 30, 2024	September 30, 2023	September 30, 2024	September 30, 2023
REVENUES
Base management fees	$312	$306	$955	$917
Franchise fees	812	748	2,318	2,126
Incentive management fees	159	143	563	537
Gross fee revenues	1,283	1,197	3,836	3,580
Contract investment amortization	(26)	(23)	(76)	(66)
Net fee revenues	1,257	1,174	3,760	3,514
Owned, leased, and other revenue	381	363	1,133	1,109
Cost reimbursement revenue	4,617	4,391	13,778	12,995
	6,255	5,928	18,671	17,618
OPERATING COSTS AND EXPENSES
Owned, leased, and other - direct	300	293	882	861
Depreciation, amortization, and other	45	46	137	138
General, administrative, and other	276	239	785	681
Restructuring and merger-related charges	9	13	25	52
Reimbursed expenses	4,681	4,238	13,827	12,740
	5,311	4,829	15,656	14,472
OPERATING INCOME	944	1,099	3,015	3,146
Gains and other income, net	7	28	15	33
Interest expense	(179)	(146)	(515)	(412)
Interest income	11	7	30	21
Equity in earnings	3	1	8	9
INCOME BEFORE INCOME TAXES	786	989	2,553	2,797
Provision for income taxes	(202)	(237)	(633)	(562)
NET INCOME	$584	$752	$1,920	$2,235
EARNINGS PER SHARE
Earnings per share – basic	$2.08	$2.52	$6.71	$7.36
Earnings per share – diluted	$2.07	$2.51	$6.69	$7.32

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.