Stock Analysis on Net
Stock Analysis on Net

Marriott International Inc. (NASDAQ:MAR)

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 
Quarterly Data

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

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Current portion of long-term debt 6.51 3.90 0.91 0.92 0.93 3.52 2.59 2.58 4.04 1.66 1.64 1.68 1.29 1.28 1.26 4.56 4.90 4.93 10.00 9.71 4.78
Accounts payable 3.24 2.87 3.28 3.72 3.01 3.24 3.18 3.50 3.13 3.26 3.02 2.72 2.76 2.85 2.67 9.34 9.75 9.75 9.38 10.12 8.88
Accrued payroll and benefits 4.74 5.35 4.86 4.29 4.20 5.68 5.26 4.93 4.75 5.12 4.67 4.41 4.32 4.86 4.54 11.37 12.73 14.16 12.66 12.75 11.16
Liability for guest loyalty program 6.07 9.01 8.81 8.67 10.61 10.67 9.67 9.13 9.14 8.62 8.08 8.16 8.14 7.73 7.44 14.92 16.55 15.65 15.11 13.18 9.92
Accrued expenses and other 4.94 5.52 5.26 5.00 4.88 4.06 4.69 4.62 5.37 6.43 5.71 5.48 5.31 4.60 5.00 8.60 9.12 8.66 9.88 9.87 9.80
Current liabilities 25.50% 26.65% 23.13% 22.59% 23.63% 27.16% 25.39% 24.76% 26.42% 25.10% 23.14% 22.46% 21.83% 21.32% 20.91% 48.78% 53.05% 53.16% 57.03% 55.64% 44.54%
Long-term debt, excluding current portion 41.37 39.77 42.53 40.92 40.51 35.93 36.55 35.12 32.09 32.74 34.13 33.13 34.11 33.96 34.02 61.01 63.05 62.59 59.95 52.25 54.43
Liability for guest loyalty program 16.81 13.81 13.86 14.18 11.67 12.37 13.92 13.90 12.37 12.01 11.65 11.73 11.13 11.08 10.15 25.86 26.81 26.67 24.88 25.42 25.08
Deferred tax liabilities 0.83 1.16 1.17 1.44 1.78 2.05 2.31 2.38 2.59 2.52 3.82 4.16 3.72 4.23 5.23 0.00 0.00 0.00 0.00 0.00 0.00
Deferred revenue 3.37 3.35 3.22 3.09 3.00 3.08 2.65 2.71 2.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncurrent operating lease liabilities 3.31 3.52 3.50 3.59 3.59 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other noncurrent liabilities 8.88 8.93 9.22 9.22 9.33 10.01 9.43 9.22 9.32 12.06 8.64 8.00 7.61 7.22 6.32 16.41 17.01 16.61 16.46 14.67 13.24
Noncurrent liabilities 74.57% 70.54% 73.50% 72.43% 69.89% 63.45% 64.86% 63.32% 59.01% 59.32% 58.24% 57.02% 56.57% 56.49% 55.72% 103.28% 106.86% 105.87% 101.30% 92.34% 92.75%
Total liabilities 100.08% 97.19% 96.62% 95.02% 93.52% 90.61% 90.25% 88.09% 85.44% 84.42% 81.38% 79.48% 78.40% 77.81% 76.64% 152.06% 159.91% 159.03% 158.33% 147.98% 137.29%
Class A Common Stock 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.08 0.08 0.08 0.08 0.08 0.07
Additional paid-in-capital 22.35 23.15 23.27 23.01 23.06 24.54 24.22 24.02 23.22 24.09 23.70 23.92 23.87 24.06 22.96 41.91 44.94 46.38 45.36 44.00 40.28
Retained earnings 37.20 38.50 38.38 37.33 37.25 37.91 36.52 35.07 32.26 30.86 30.16 29.48 28.21 26.93 25.50 77.97 82.09 80.20 77.04 72.35 64.69
Treasury stock, at cost -56.76 -57.42 -56.26 -54.07 -52.40 -51.42 -49.72 -46.18 -41.51 -39.33 -35.06 -32.24 -29.20 -26.76 -24.44 -169.41 -184.14 -182.47 -178.86 -163.01 -141.01
Accumulated other comprehensive income (loss) -2.89 -1.44 -2.03 -1.31 -1.45 -1.65 -1.30 -1.02 0.58 -0.07 -0.20 -0.65 -1.30 -2.06 -0.68 -2.60 -2.89 -3.22 -1.95 -1.39 -1.32
Shareholders’ equity (deficit) -0.08% 2.81% 3.38% 4.98% 6.48% 9.39% 9.75% 11.91% 14.56% 15.58% 18.62% 20.52% 21.60% 22.19% 23.36% -52.06% -59.91% -59.03% -58.33% -47.98% -37.29%
Liabilities and shareholders’ equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

Current Portion of Long-Term Debt
The percentage of current portion of long-term debt relative to total liabilities and shareholders’ equity exhibits variability over the observed period. Early years show higher values with peaks near 10% in mid-2015, followed by a marked decline to around 1-3% in the years 2016 through 2019. A noticeable rise occurs again in early 2020, reaching above 6%. This suggests fluctuations in the amount of debt maturing within one year relative to total capital.
Accounts Payable
Accounts payable as a percentage of total liabilities and equity generally decreased from around 9-10% in 2015-2016 to a stabilized range near 3% from 2016 onward, with some minor fluctuations. This decline indicates a reduction in short-term obligations to suppliers relative to the company's capital base.
Accrued Payroll and Benefits
The accrued payroll and benefits start at relatively high percentages, exceeding 11% in early periods, then sharply decline to 4-5% from late 2016 onwards. This suggests improved management or changes in payroll accrual practices or workforce expenses relative to total capital.
Liability for Guest Loyalty Program (Current)
Initially elevated values above 9%, with a peak exceeding 16% in early 2016, followed by a substantial drop to approximately 7-10% in the subsequent intervals, before a moderate increase near 9% by the end of the period. Fluctuations point to varying liabilities associated with customer loyalty rewards impacting current obligations.
Accrued Expenses and Other (Current)
Values remain relatively stable, ranging from 4% to 9% throughout the period. A slight downward trend is observable in recent periods, indicating minor reductions in accrued operational expenses relative to total capital.
Current Liabilities (Aggregate)
The aggregate current liabilities show a substantial drop from mid-2015 (above 55%) to a consistent range near 21-27% during 2016-2020. This reduction indicates a structural shift away from short-term liabilities, reflecting possible refinancing or improved liquidity management.
Long-Term Debt, Excluding Current Portion
Long-term debt maintains high percentages, often between 32% and 64%, with the highest values recorded in 2019 and 2020. After a sharp decrease in 2016 (approx. mid-30%s), the debt ratio rises steadily, indicating increased reliance on long-term borrowing relative to capital.
Liability for Guest Loyalty Program (Noncurrent)
This liability remains relatively stable, fluctuating between 10% and nearly 17%, with a slight upward tendency toward the end of the data series. It indicates an enduring and slightly growing obligation linked to loyalty programs over the long term.
Deferred Tax Liabilities
Deferred tax liabilities appear only from late 2016 and decrease steadily from 5.23% to below 1% by early 2020, reflecting possible tax optimizations or reductions in timing differences affecting tax obligations.
Deferred Revenue and Noncurrent Operating Lease Liabilities
These liabilities emerge in late 2017 and maintain a steady share near 2.5-3.5%, with noncurrent operating lease liabilities slightly declining by 2020. This suggests recognition of deferred income and lease obligations contributing modestly to long-term liabilities.
Other Noncurrent Liabilities
Other noncurrent liabilities remain in the range from approximately 6% to 14%, with moderate fluctuations but no clear trend, denoting consistently present but controlled residual liabilities.
Noncurrent Liabilities (Aggregate)
There is a pronounced decrease in noncurrent liabilities from above 100% in early years down to approximately 55-65% in 2016-2018, followed by a gradual increase stabilizing near 70-74% by early 2020. This trend signifies a major restructuring or reclassification of noncurrent obligations mid-period, with a gradual increase thereafter.
Total Liabilities
Total liabilities expressed as a percentage of combined liabilities and equity reveal a sharp decline from about 160% in early years to roughly 75-100% by 2020. This marked shift indicates that total liabilities increasingly approximate or exceed shareholders' equity in earlier years but become more balanced in later years.
Shareholders’ Equity Components
The share capital remains negligible at around 0.02% after 2016. Additional paid-in capital decreases from a peak near 46% in 2015 to about 22-24% in later years, showing some contraction or repurchases. Retained earnings grow steadily from the mid-twenties to nearly 38%, indicating cumulative profitability and reinvestment. Treasury stock is consistently negative and increasing in magnitude, suggesting ongoing share repurchases. Accumulated other comprehensive income/loss fluctuates around zero but trends slightly negative, indicating minor comprehensive losses.
Overall Shareholders’ Equity
Shareholders’ equity (deficit) shifts from a negative position (-37% to nearly -60%) during 2015 and early 2016 to positive territory (above 20%) from mid-2016 through late 2017, then progressively declines toward near zero and slightly negative levels by early 2020. This fluctuation reflects significant changes in the company's net asset position, influenced by equity components and total liabilities.