← MARRIOTT INTERNATIONAL INC /MD/

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $2.4b $3.1b $2.4b $2.6b
Net Income (Loss) Attributable to Parent $780.0m $1.4b $1.9b $1.3b ($267.0m) $1.1b $2.4b $3.1b $2.4b $2.6b
Amortization of Intangible Assets $87.0m $185.0m — — — — — — $255.0m $313.0m
Depreciation $157.0m $231.0m $256.0m $346.0m $322.0m $138.0m $114.0m $122.0m $128.0m $145.0m
Depreciation Amortization Depletion — — — — — — $400.0m $436.0m $492.0m $599.0m
Deferred Income Tax Expense (Benefit) $104.0m ($119.0m) ($109.0m) ($164.0m) ($309.0m) $118.0m $155.0m ($543.0m) ($77.0m) $62.0m
Deferred Income Tax — — — — — — $280.0m ($612.0m) ($172.0m) ($277.0m)
Deferred Tax — — — — — — $280.0m ($612.0m) ($172.0m) ($277.0m)
Share-based Payment Arrangement, Noncash Expense $212.0m $181.0m $184.0m $187.0m $201.0m $182.0m $192.0m $205.0m $237.0m $236.0m
Payment, Tax Withholding, Share-based Payment Arrangement — $157.0m $105.0m $148.0m $103.0m $90.0m $89.0m $108.0m $138.0m $116.0m
Share-based Payment Arrangement, Expense $212.0m $181.0m — — — — — — — —
Equity Method Investment, Other than Temporary Impairment — — — — $77.0m — — — — —
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — — — — $64.0m — — — — —
Gain (Loss) on Extinguishment of Debt — — — — — ($164.0m) $0 $0 — —
Gain (Loss) on Disposition of Assets — $687.0m $194.0m $147.0m ($3.0m) $3.0m — — — —
Income (Loss) from Equity Method Investments $10.0m $39.0m $103.0m $13.0m ($141.0m) ($24.0m) $18.0m $9.0m $8.0m $11.0m
Equity Method Investment, Realized Gain (Loss) on Disposal — — $42.0m — — — — — — —
Income Tax Expense (Benefit) $404.0m $1.5b $438.0m $326.0m ($199.0m) $81.0m $756.0m $295.0m $776.0m $793.0m
Interest Expense Nonoperating — — — — — — — — $695.0m $809.0m
Other Nonoperating Income (Expense) $5.0m $688.0m $194.0m $154.0m $9.0m $10.0m $11.0m $40.0m $31.0m $9.0m
Additional Financial Items
Accounts Receivable, Credit Loss Expense (Reversal) — — — — $136.0m $22.0m $27.0m $29.0m — —
Foreign Currency Transaction Gain (Loss), before Tax $4.0m ($11.0m) — — — — — — — —
General and Administrative Expense $704.0m $894.0m $927.0m $938.0m $762.0m $823.0m $891.0m $1.0b $1.1b $870.0m
Goodwill $7.6b $9.2b $9.0b $9.0b $9.2b $9.1b $8.9b $8.9b $8.7b $8.9b
Investment Income, Interest $35.0m $38.0m $22.0m $26.0m $27.0m $28.0m $26.0m $30.0m $40.0m $42.0m
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $120.0m $117.0m $114.0m — — — — — — —
Noncash Merger Related Costs $113.0m ($124.0m) $16.0m $86.0m — — — $47.0m — —
Beginning Cash Position — — — — — — $1.4b $525.0m $366.0m $425.0m
Cash Flow From Continuing Financing Activities — — — — — — ($3.0b) ($2.9b) ($2.0b) ($2.3b)
Cash Flow From Continuing Investing Activities — — — — — — ($297.0m) ($465.0m) ($734.0m) ($948.0m)
Change In Working Capital — — — — — — ($542.0m) $69.0m ($82.0m) ($147.0m)
Changes In Cash — — — — — — ($896.0m) ($159.0m) $59.0m ($54.0m)
End Cash Position — — — — — — $525.0m $366.0m $425.0m $371.0m
Financing Cash Flow — — — — — — ($3.0b) ($2.9b) ($2.0b) ($2.3b)
Free Cash Flow — — — — — — $2.0b $2.7b $2.0b $2.6b
Investing Cash Flow — — — — — — ($297.0m) ($465.0m) ($734.0m) ($948.0m)
Issuance Of Capital Stock — — — — — — $0 $29.0m $73.0m $92.0m
Net Business Purchase And Sale — — — — — $0 $0 ($101.0m) — —
Net PPE Purchase And Sale — — — — — — $1.0m $71.0m $16.0m $9.0m
Other Non Cash Items — — — — — — ($325.0m) ($11.0m) ($101.0m) $200.0m
Purchase Of Business — — — — — $0 $0 ($101.0m) — —
Repurchase Of Capital Stock — — — — — — ($2.6b) ($4.0b) ($3.8b) ($3.3b)
Sale Of PPE — — — — — — $1.0m $71.0m $16.0m $9.0m
Stock Based Compensation — — — — — — $192.0m $205.0m $237.0m $236.0m
Net Cash Provided by (Used in) Operating Activities $1.6b $2.4b $2.4b $1.7b $1.6b $1.2b $2.4b $3.2b $2.7b $3.2b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $199.0m $240.0m $556.0m $653.0m $135.0m $183.0m $332.0m $452.0m $750.0m ($604.0m)
Capital Expenditure Reported — — — — — — ($332.0m) ($452.0m) ($750.0m) ($604.0m)
Payments to Acquire Businesses, Net of Cash Acquired $2.4b $0 $0 — — — — — — —
Payments for (Proceeds from) Other Investing Activities ($29.0m) $63.0m $10.0m $47.0m $57.0m $43.0m ($31.0m) ($33.0m) $0 ($10.0m)
Net Other Investing Changes — — — — — ($16.0m) $34.0m ($84.0m) — ($353.0m)
Net Cash Provided by (Used in) Investing Activities ($2.4b) $1.0b ($52.0m) ($284.0m) $35.0m ($187.0m) ($297.0m) ($465.0m) ($734.0m) ($948.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $1.5b $0 $1.6b $1.4b $3.6b $1.8b $983.0m $1.9b $2.9b $3.4b
Issuance Of Debt — — — — — — $983.0m $1.9b $2.9b $3.4b
Long Term Debt Issuance — — — — — — $983.0m $1.9b $2.9b $3.4b
Net Issuance Payments Of Debt — — — — — — ($3.0m) $1.8b $2.6b $1.7b
Net Long Term Debt Issuance — — — — — — $179.0m $1.2b $2.4b $2.1b
Net Short Term Debt Issuance — — — — — — ($182.0m) $546.0m $163.0m ($403.0m)
Repayments of Long-term Debt $326.0m $310.0m $397.0m $835.0m $1.9b $2.2b $804.0m $684.0m $558.0m $1.3b
Long Term Debt Payments — — — — — — ($804.0m) ($684.0m) ($558.0m) ($1.3b)
Repayment Of Debt — — — — — — ($804.0m) ($684.0m) ($558.0m) ($1.3b)
Proceeds from Issuance of Common Stock $34.0m $6.0m $4.0m $7.0m $0 $2.0m $0 $29.0m $73.0m $92.0m
Common Stock Issuance — — — — — — $0 $29.0m $73.0m $92.0m
Net Common Stock Issuance — — — — — — ($2.6b) ($3.9b) ($3.7b) ($3.2b)
Payments for Repurchase of Common Stock $568.0m $3.0b $2.9b $2.3b $150.0m $0 $2.6b $4.0b $3.8b $3.3b
Payments of Ordinary Dividends, Common Stock $374.0m $482.0m $543.0m $612.0m $156.0m $0 $321.0m $587.0m $682.0m $718.0m
Common Stock Payments — — — — — — ($2.6b) ($4.0b) ($3.8b) ($3.3b)
Payments of Dividends $374.0m $482.0m $543.0m $612.0m $156.0m $0 $321.0m $587.0m $682.0m $718.0m
Cash Dividends Paid — — — — — — ($321.0m) ($587.0m) ($682.0m) ($718.0m)
Common Stock Dividend Paid — — — — — — ($321.0m) ($587.0m) ($682.0m) ($718.0m)
Proceeds from (Payments for) Other Financing Activities ($24.0m) $0 $0 ($8.0m) ($8.0m) $11.0m $17.0m ($25.0m) $0 $0
Net Other Financing Charges — — — — — — ($72.0m) ($133.0m) ($138.0m) ($116.0m)
Net Cash Provided by (Used in) Financing Activities $1.6b ($3.9b) ($2.4b) ($1.5b) ($1.0b) ($463.0m) ($3.0b) ($2.9b) ($2.0b) ($2.3b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $770.0m ($458.0m) ($69.0m) ($107.0m) $641.0m $527.0m ($896.0m) ($159.0m) $59.0m ($54.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $770.0m ($458.0m) $360.0m $253.0m $894.0m $1.4b $525.0m $366.0m $425.0m $371.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($896.0m) ($159.0m) $59.0m ($54.0m)
Interest Paid, Excluding Capitalized Interest, Operating Activities $165.0m $234.0m $290.0m $348.0m $377.0m $391.0m $345.0m $476.0m $599.0m $698.0m
Income Taxes Paid, Net $293.0m $636.0m $678.0m $526.0m $279.0m $362.0m $476.0m $907.0m $947.0m $1.1b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.