Stock Analysis on Net
Stock Analysis on Net

Marriott International Inc. (NASDAQ:MAR)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 11, 2020.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Marriott International Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Current portion of long-term debt
Accounts payable
Accrued payroll and benefits
Liability for guest loyalty program
Accrued expenses and other
Current liabilities
Long-term debt, excluding current portion
Liability for guest loyalty program
Deferred tax liabilities
Deferred revenue
Noncurrent operating lease liabilities
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Class A Common Stock
Additional paid-in-capital
Retained earnings
Treasury stock, at cost
Accumulated other comprehensive loss
Shareholders’ equity (deficit)
Liabilities and shareholders’ equity (deficit)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Current portion of long-term debt
The proportion of current portion of long-term debt relative to total liabilities and shareholders’ equity decreased sharply from 4.93% in 2015 to a low point of 1.28% in 2016, then slightly increased over subsequent years to reach 3.9% by 2019.
Accounts payable
Accounts payable declined significantly from 9.75% in 2015 to 2.85% in 2016 and remained relatively stable around 3% through 2019, indicating a reduction in payables relative to the company's total liabilities and equity base.
Accrued payroll and benefits
Accrued payroll and benefits followed a similar downward trend from 14.16% in 2015 down to approximately 4.86% in 2016, with a slight increase thereafter, stabilizing around 5.35% to 5.68% from 2017 through 2019.
Liability for guest loyalty program (current and noncurrent)
This liability showed a notable decrease from 15.65% (current) and 26.67% (noncurrent) in 2015 to lower levels in 2016. Afterward, it gradually increased year-over-year, reaching 9.01% (current) and 13.81% (noncurrent) by 2019, suggesting a growing obligation associated with customer loyalty programs as part of the company’s liabilities.
Accrued expenses and other
Accrued expenses and other current liabilities fell sharply from 8.66% in 2015 to 4.6% in 2016, then exhibited some variability but generally remained below initial levels, ending at 5.52% in 2019.
Current liabilities
Current liabilities as a percentage of total liabilities and equity dropped dramatically from 53.16% in 2015 to 21.32% in 2016, then gradually rose to around 26-27% in the ensuing years. This trend indicates a significant restructuring or reduction in short-term obligations in 2016 followed by stabilization.
Long-term debt, excluding current portion
Long-term debt decreased markedly from 62.59% in 2015 to approximately 33-36% from 2016 to 2018, before increasing to 39.77% in 2019. This pattern implies substantial debt repayment or refinancing activities occurred between 2015 and 2016, with a gradual rise in leverage towards 2019.
Deferred tax liabilities
Deferred tax liabilities increased from a low 0.26% in 2015 to 4.23% in 2016 but then steadily declined thereafter, finishing at 1.16% in 2019, reflecting fluctuations in deferred tax obligations relative to total financing structure.
Deferred revenue
Reported only for the last two periods, deferred revenue represented 3.08% in 2018 and slightly increased to 3.35% in 2019, indicating the emergence of deferred income components in recent years.
Noncurrent operating lease liabilities
Appearing only in 2018 and 2019, these liabilities constituted 3.52% in 2019, signifying a new recognition or growing importance of lease obligations in the company's noncurrent liabilities.
Other noncurrent liabilities
These liabilities halved from 16.34% in 2015 to 7.22% in 2016, then increased again to 12.06% in 2017 before following a moderate decline to 8.93% by 2019, showing some volatility within other long-term obligations.
Noncurrent liabilities
Total noncurrent liabilities dropped from 105.87% in 2015 to 56.49% in 2016, indicating a major reduction, possibly through repayment or reclassification, and then steadily increased over the subsequent years to 70.54% in 2019.
Total liabilities
Total liabilities experienced a substantial decrease from 159.03% in 2015 to 77.81% in 2016, and then rose annually up to 97.19% in 2019, suggesting debt restructuring or significant balance sheet adjustments occurred in 2016, followed by an increasing reliance on liabilities.
Class A Common Stock
This component remained marginal and stable around 0.02% throughout the period from 2016 onwards, indicating minimal change in common stock proportion relative to the company's financing.
Additional paid-in-capital
Additional paid-in capital decreased markedly from 46.38% in 2015 to near 24% from 2016 forward, with minor fluctuations, reflecting changes in equity financing or stock issuance impacts.
Retained earnings
Retained earnings declined significantly from 80.20% in 2015 to 26.93% in 2016 but then gradually increased over the following years, reaching 38.5% by 2019, which suggests recovery in profitability or accumulated earnings during that period.
Treasury stock, at cost
Treasury stock (a contra equity account) improved substantially from a highly negative -182.47% in 2015 to less negative levels around -26.76% in 2016, then increased in negative value again progressively, ending at -57.42% in 2019. This trend may indicate significant share repurchase activities prior to 2016 and continuing buybacks afterward.
Accumulated other comprehensive loss
Accumulated other comprehensive loss decreased from -3.22% in 2015 to nearly zero (-0.07%) in 2017, followed by a slight increase in loss again but remained less than -2% in later years, indicating relatively modest fluctuations in other comprehensive income components.
Shareholders’ equity (deficit)
Notably, shareholders’ equity was negative at -59.03% in 2015, turning positive at 22.19% in 2016, and gradually declining each year thereafter to 2.81% in 2019. This suggests a significant recapitalization or balance sheet improvement around 2016, followed by a steady erosion or higher liabilities relative to equity.