Marriott (MAR) Cash Flow Statement

Click line-items for a historical chart and %

OPERATING ACTIVITIES
Net income	536M
Adjustments to reconcile to cash provided by operating activities:
Depreciation and amortization
Income taxes	1M
Timeshare activity, net
Liability for guest loyalty program
Restructuring costs, net
Asset impairments and write-offs
Working capital changes and other
Net cash provided by operating activities	1.13B
INVESTING ACTIVITIES
Capital expenditures	-132M
Loan advances
Loan collections and sales
Equity and cost method investments
Contract acquisition costs	-55M
Other	22M
Net cash used in investing activities	-2.49B
FINANCING ACTIVITIES
Commercial paper/credit facility, net
Repayment of long-term debt	-296M
Issuance of Class A Common Stock	22M
Dividends paid
Purchase of treasury stock	-248M
Net cash used in financing activities	2.34B
DECREASE IN CASH AND EQUIVALENTS	982M
CASH AND EQUIVALENTS, beginning of period	96M
CASH AND EQUIVALENTS, end of period	1.08B

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