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.

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

US$ in millions

	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	1,760)	225)	276)	284)	258)	316)	373)	366)	701)	383)	508)	498)	738)	858)	1,078)	679)	99)	96)	95)	140)	120)
Accounts and notes receivable, net	2,068)	2,395)	2,394)	2,328)	2,218)	2,133)	2,175)	2,174)	2,098)	1,991)	1,914)	1,804)	1,752)	1,695)	1,705)	1,152)	1,143)	1,103)	1,144)	1,188)	1,172)
Current deferred taxes, net	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	257)	309)	311)
Prepaid expenses and other	213)	507)	230)	257)	259)	257)	255)	277)	353)	373)	522)	528)	631)	818)	1,004)	128)	182)	185)	227)	269)	225)
Assets held for sale	8)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	4,049)	3,127)	2,900)	2,869)	2,735)	2,706)	2,803)	2,817)	3,152)	2,747)	2,944)	2,830)	3,121)	3,371)	3,787)	1,959)	1,424)	1,384)	1,723)	1,906)	1,828)
Property and equipment, net	1,854)	1,904)	1,960)	1,945)	1,961)	1,956)	1,967)	1,958)	1,791)	1,793)	1,894)	2,102)	2,109)	2,335)	2,411)	1,056)	1,042)	1,029)	985)	987)	1,446)
Brands	5,839)	5,954)	5,908)	5,968)	5,959)	5,790)	5,809)	5,842)	5,972)	5,921)	5,898)	5,906)	6,577)	6,509)	6,606)	—)	—)	—)	—)	—)	—)
Contract acquisition costs and other	2,647)	2,687)	2,642)	2,646)	2,643)	2,590)	2,594)	2,598)	2,622)	2,884)	2,860)	2,863)	2,746)	2,761)	3,442)	1,473)	1,468)	1,451)	1,450)	1,452)	1,395)
Goodwill	8,901)	9,048)	8,990)	9,067)	9,053)	9,039)	9,067)	9,103)	9,270)	9,207)	9,182)	8,582)	7,802)	7,598)	7,175)	947)	946)	943)	970)	962)	894)
Intangible assets	17,387)	17,689)	17,540)	17,681)	17,655)	17,419)	17,470)	17,543)	17,864)	18,012)	17,940)	17,351)	17,125)	16,868)	17,223)	2,420)	2,414)	2,394)	2,420)	2,414)	2,289)
Equity method investments	562)	577)	580)	580)	584)	732)	689)	638)	754)	740)	720)	762)	745)	728)	830)	179)	169)	165)	174)	216)	217)
Notes receivable, net	144)	117)	109)	97)	124)	125)	122)	121)	147)	142)	228)	275)	267)	245)	240)	227)	218)	215)	154)	154)	154)
Deferred tax assets	155)	154)	169)	171)	171)	171)	171)	171)	172)	93)	110)	119)	119)	116)	92)	586)	620)	672)	450)	397)	469)
Operating lease assets	782)	888)	955)	977)	979)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other noncurrent assets	616)	595)	599)	573)	537)	587)	611)	596)	604)	421)	400)	442)	439)	477)	419)	223)	234)	223)	247)	247)	400)
Noncurrent assets	21,500)	21,924)	21,912)	22,024)	22,011)	20,990)	21,030)	21,027)	21,332)	21,201)	21,292)	21,051)	20,804)	20,769)	21,215)	4,691)	4,697)	4,698)	4,430)	4,415)	4,975)
Total assets	25,549)	25,051)	24,812)	24,893)	24,746)	23,696)	23,833)	23,844)	24,484)	23,948)	24,236)	23,881)	23,925)	24,140)	25,002)	6,650)	6,121)	6,082)	6,153)	6,321)	6,803)

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

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Current Assets: Selected Items

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Marriott International Inc. (NASDAQ:MAR)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data