Marriott International Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	2,601	2,375	3,083	2,358	1,099	Upgrade
Depreciation & Amortization	458	383	348	311	303	Upgrade
Other Amortization	135	103	88	89	-	Upgrade
Asset Writedown & Restructuring Costs	-15	-278	47	-8	-	Upgrade
Stock-Based Compensation	236	237	205	192	182	Upgrade
Other Operating Activities	-56	11	-670	-37	-517	Upgrade
Change in Other Net Operating Assets	-147	-82	69	-542	110	Upgrade
Operating Cash Flow	3,212	2,749	3,170	2,363	1,177	Upgrade
Operating Cash Flow Growth	16.84%	-13.28%	34.15%	100.76%	-28.19%	Upgrade
Capital Expenditures	-954	-776	-553	-332	-183	Upgrade
Sale of Property, Plant & Equipment	9	16	71	1	12	Upgrade
Other Investing Activities	10	-	33	31	-43	Upgrade
Investing Cash Flow	-948	-734	-465	-297	-187	Upgrade
Long-Term Debt Issued	3,436	3,111	2,464	983	1,943	Upgrade
Long-Term Debt Repaid	-1,712	-558	-684	-986	-2,174	Upgrade
Net Debt Issued (Repaid)	1,724	2,553	1,780	-3	-231	Upgrade
Issuance of Common Stock	92	73	29	-	2	Upgrade
Repurchase of Common Stock	-3,416	-3,900	-4,061	-2,655	-90	Upgrade
Common Dividends Paid	-718	-682	-587	-321	-	Upgrade
Other Financing Activities	-	-	-25	17	-144	Upgrade
Financing Cash Flow	-2,318	-1,956	-2,864	-2,962	-463	Upgrade
Net Cash Flow	-54	59	-159	-896	527	Upgrade
Free Cash Flow	2,258	1,973	2,617	2,031	994	Upgrade
Free Cash Flow Growth	14.45%	-24.61%	28.85%	104.33%	-33.91%	Upgrade
Free Cash Flow Margin	8.58%	7.83%	11.00%	37.92%	29.11%	Upgrade
Free Cash Flow Per Share	8.25	6.92	8.64	6.23	3.02	Upgrade
Cash Interest Paid	698	599	476	345	391	Upgrade
Cash Income Tax Paid	-	947	907	476	362	Upgrade
Levered Free Cash Flow	1,673	1,931	2,575	2,703	1,873	Upgrade
Unlevered Free Cash Flow	2,179	2,366	2,929	2,955	2,136	Upgrade
Change in Working Capital	-147	-82	69	-542	110	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.