Problem 1: On the balance sheet, what stands out to you in the asset accounts? Liability accounts? Equity accounts?
Problem 2: On the income statement, what revenue accounts stand out to you? Expense accounts? Where do you think depreciation is hiding?
MARRIOTT INTERNATIONAL, INC.
CONSOLIDATED BALANCE SHEETS
Fiscal Year-End 2013 and 2012
($ in millions)
|
ASSETS
|
|
December 31,
2013
|
December 28,
2012
|
|
|
|
|
|
Current assets
|
|
|
|
|
Cash and equivalents
|
$
|
126 $
|
88
|
|
Accounts and notes receivable, net (1)
|
|
1,081
|
1,028
|
|
Current deferred taxes, net
|
|
252
|
280
|
|
Prepaid expenses
|
|
67
|
57
|
|
Other
|
|
27
|
22
|
|
Assets held for sale
|
|
350
|
|
|
|
|
1,903
|
1,475
|
|
Property and equipment
|
|
1,543
|
1,539
|
|
Intangible assets
|
|
|
|
|
Goodwill
|
|
874
|
874
|
|
Contract acquisition costs and other (1)
|
|
1,131
|
1,115
|
|
|
|
2,005
|
1,989
|
|
Equity and cost method investments (1)
|
|
222
|
216
|
|
Notes receivable, net (1)
|
|
142
|
180
|
|
Deferred taxes, net (1)
|
|
647
|
676
|
|
Other (1)
|
|
332
|
267
|
|
|
$ 6,794 $ 6,342
|
|
LIABILITIES AND SHAREHOLDERS' DEFICIT
|
|
|
|
|
Current liabilities
|
|
|
|
|
Current portion of long-term debt
|
$
|
6 $
|
407
|
|
Accounts payable (1)
|
|
557
|
569
|
|
Accrued payroll and benefits
|
|
817
|
745
|
|
Liability for guest loyalty programs
|
|
666
|
593
|
|
Other (1)
|
|
629
|
459
|
|
|
|
2,675
|
2,773
|
|
Long-term debt
|
|
3,147
|
2,528
|
|
Liability for guest loyalty programs
|
|
1,475
|
1,428
|
|
Other long-term liabilities (1)
|
|
912
|
898
|
|
Shareholders' deficit
|
|
|
|
|
Class A Common Stock
|
|
5
|
5
|
|
Additional paid-in-capital
|
|
2,716
|
2,585
|
|
Retained earnings
|
|
3,837
|
3,509
|
|
Treasury stock, at cost
|
|
(7,929)
|
(7,340)
|
|
Accumulated other comprehensive loss
|
|
(44)
|
(44)
|
|
|
|
(1,415)
|
(1,285)
|
Attachment:- Marriott_2013_Income_Statement.pdf