Marriott International (MAR) FY2021 results: revenue $13.9 billion, up 31.1% on the year
Marriott International Inc. (MAR) reported revenue of $13.9 billion for fiscal 2021, the year ended 31 December 2021, up 31.1% on the year before. Net income was $1.1 billion, and diluted earnings per share $3.34. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2022.
Revenue
$13.9 billion
+31.1% on the year
FY2014FY2021
Operating margin
12.6%
0.8% a year earlier
FY2014FY2021
Net income
$1.1 billion
FY2014FY2021
Diluted EPS
$3.34
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,177
1,639
1,685
-28.2%
Capital expenditure
183
135
653
+35.6%
Free cash flow
994
1,504
1,032
-33.9%
Free cash flow margin
7.2%
14.2%
4.9%
Cash from investing
-187
35.0
-284
Cash from financing
-463
-1,033
-1,508
Share-based compensation
182
201
187
-9.5%
Buybacks
0.0
150
2,260
Dividends paid
0.0
156
612
Dividend per share
n/a
$0.48
$1.85
Diluted shares, weighted
329m
326m
336m
+1.1%
Shares outstanding at period end
326m
324m
324m
+0.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,414
430
703
+228.8%
Debt
10,138
10,376
247
-2.3%
Operating lease liabilities
1,098
823
882
+33.4%
Finance lease liabilities
139
146
151
-4.8%
Other liabilities
12,764
12,926
23,068
-1.3%
Total liabilities and equity
25,553
24,701
25,051
+3.4%
Fixed assets
1,503
1,514
1,904
-0.7%
Goodwill
9,073
9,175
9,048
-1.1%
Intangible assets
8,926
8,989
8,641
-0.7%
Cash and equivalents
1,393
877
225
+58.8%
Other assets
4,658
4,146
5,233
+12.3%
Total assets
25,553
24,701
25,051
+3.4%
10-K for the year ended 31 December 2021, filed 15 February 2022: the filing.