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.

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Marriott International Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

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
Cash and equivalents
Accounts and notes receivable, net
Current deferred taxes, net
Prepaid expenses and other
Assets held for sale
Current assets
Property and equipment, net
Brands
Contract acquisition costs and other
Goodwill
Intangible assets
Equity method investments
Notes receivable, net
Deferred tax assets
Operating lease assets
Other noncurrent assets
Noncurrent assets
Total assets

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).


The analysis of the quarterly financial data reveals several notable trends and patterns across key asset categories over the examined periods.

Cash and Equivalents
There is considerable volatility in cash and equivalents, with a significant spike in the second quarter of 2016 reaching 1,078 million USD, followed by a general declining trend through 2019. The value notably rises again in the first quarter of 2020, peaking at 1,760 million USD, indicating enhanced liquidity possibly due to strategic cash management or external financing activities.
Accounts and Notes Receivable, Net
This asset category shows a consistent upward trend from approximately 1,172 million USD in early 2015 to a peak near 2,395 million USD by the end of 2019 before slightly contracting in 2020. The growth suggests increasing sales or credit extensions over time.
Current Deferred Taxes, Net
Data availability is limited but shows a decrease early in the period with a missing continuation afterward, impeding a trend analysis.
Prepaid Expenses and Other
Prepaid expenses exhibit fluctuation, with a notable surge in the middle of 2016 (1,004 million USD) followed by a declining trend towards 2019, before slightly rebounding in early 2020. This pattern may reflect changes in prepaid service agreements or timing differences in expense recognition.
Assets Held for Sale
Only a minimal presence is recorded in 2020, suggesting divestiture activity.
Current Assets
Current assets display growth over the entire period, rising from 1,828 million USD in early 2015 to over 4,000 million USD by the first quarter of 2020. The expansion aligns with increases in cash, receivables, and other short-term assets, indicating a solid strengthening of short-term financial position.
Property and Equipment, Net
Property and equipment values remain relatively stable with a temporary increase in 2016, peaking at 2,411 million USD, before gradually declining to 1,854 million USD by early 2020. This suggests possible disposals, depreciation, or limited new investments in fixed assets in recent years.
Brands
Brand assets are consistently valued over the later periods, holding steady around the 5,800 to 6,600 million USD range without significant fluctuations, reflecting stable brand valuations.
Contract Acquisition Costs and Other
The data indicate an abrupt increase in 2016 to over 3,400 million USD, fluctuating thereafter around the 2,600 to 2,900 million USD range. The initial increase could be associated with acquisitions or contract renegotiations, with subsequent stabilization.
Goodwill
A significant rise in goodwill occurs starting mid-2016, jumping from under 1,000 million USD to over 9,000 million USD and maintaining that level through 2020. This dramatic increase points to substantial acquisitions or business combinations during that period.
Intangible Assets
Intangible assets follow a similar pattern to goodwill, with a marked increase in mid-2016 reaching levels above 17,000 million USD. After this rise, values remain broadly stable, suggesting sustained intangible asset bases derived from acquisitions.
Equity Method Investments
Equity method investments show modest fluctuations with no clear trend, hovering between 160 million USD and 830 million USD, reflecting minor changes in associated investments.
Notes Receivable, Net
Values remain relatively steady, fluctuating between roughly 120 million USD and 270 million USD, with no significant upward or downward trend across the reported quarters.
Deferred Tax Assets
Deferred tax assets experience volatility early on but diminish sharply starting in 2016 with a stable lower level around 150 million USD thereafter, indicating possible utilization of tax credits or changes in tax positions.
Operating Lease Assets
Operating lease assets appear only in later periods starting 2018, with a steady decline from 979 million USD to 782 million USD by the end of 2019, likely reflecting lease terminations or reclassifications.
Other Noncurrent Assets
These assets exhibit moderate growth, increasing from around 220 million USD in early periods to over 600 million USD by 2020, suggesting incremental investments or revaluations.
Noncurrent Assets
Noncurrent assets undergo a substantial increase starting mid-2016, nearly quintupling from under 5,000 million USD to over 21,000 million USD. This surge predominantly reflects acquisitions boosting goodwill, intangible assets, and property values, stabilizing at elevated levels through subsequent periods.
Total Assets
Total assets mirror the noncurrent assets pattern, rising sharply in mid-2016 from approximately 6,800 million USD to over 25,500 million USD by 2020. The growth is driven mainly by increases in intangible assets and goodwill, alongside expanding current asset holdings, indicating significant business expansion via acquisitions and organic growth in asset bases.

Assets: Selected Items


Current Assets: Selected Items