Marriott International (MAR) FY2022 results: revenue $20.8 billion, up 49.9% on the year
Marriott International Inc. (MAR) reported revenue of $20.8 billion for fiscal 2022, the year ended 31 December 2022, up 49.9% on the year before. Net income was $2.4 billion, up 114.6%, and diluted earnings per share $7.24. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2023.
Revenue
$20.8 billion
+49.9% on the year
FY2015FY2022
Operating margin
16.7%
12.6% a year earlier
FY2015FY2022
Net income
$2.4 billion
+114.6% on the year
FY2015FY2022
Diluted EPS
$7.24
+116.8% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,363
1,177
1,639
+100.8%
Capital expenditure
332
183
135
+81.4%
Free cash flow
2,031
994
1,504
+104.3%
Free cash flow margin
9.8%
7.2%
14.2%
Cash from investing
-297
-187
35.0
Cash from financing
-2,962
-463
-1,033
Depreciation and amortisation
311
n/a
n/a
Share-based compensation
192
182
201
+5.5%
Buybacks
2,566
0.0
150
Dividends paid
321
0.0
156
Dividend per share
$1.00
n/a
$0.48
Diluted shares, weighted
326m
329m
326m
-1.1%
Shares outstanding at period end
311m
326m
324m
-4.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
568
1,414
430
-59.8%
Debt
10,064
10,138
10,376
-0.7%
Operating lease liabilities
1,034
1,098
823
-5.8%
Finance lease liabilities
131
139
146
-5.8%
Other liabilities
13,018
12,764
12,926
+2.0%
Total liabilities and equity
24,815
25,553
24,701
-2.9%
Fixed assets
1,585
1,503
1,514
+5.5%
Goodwill
8,872
9,073
9,175
-2.2%
Intangible assets
8,747
8,926
8,989
-2.0%
Cash and equivalents
507
1,393
877
-63.6%
Other assets
5,104
4,658
4,146
+9.6%
Total assets
24,815
25,553
24,701
-2.9%
10-K for the year ended 31 December 2022, filed 14 February 2023: the filing.