Marriott International Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Net Income	2,584	2,601	2,375	3,083	2,358	1,099
Depreciation & Amortization	625	599	492	436	400	295
Stock-Based Compensation	241	236	237	205	192	182
Other Adjustments	-338	-550	-787	-924	74	-481
Changes in Other Operating Activities	311	326	432	370	-661	82
Operating Cash Flow	3,423	3,212	2,749	3,170	2,363	1,177
Operating Cash Flow Growth	30.80%	16.84%	-13.28%	34.15%	100.76%	-28.19%
Capital Expenditures	-599	-604	-750	-452	-332	-183
Sale of Property, Plant & Equipment	-	9	16	71	1	12
Payments for Business Acquisitions	-	-350	-26	-101	1	-
Other Investing Activities	-16	-353	0	-84	35	-16
Investing Cash Flow	-954	-948	-734	-465	-297	-187
Short-Term Debt Issued	-486	-403	163	546	-182	150
Net Short-Term Debt Issued (Repaid)	-486	-403	163	546	-182	150
Long-Term Debt Issued	2,901	3,436	2,948	1,918	983	1,793
Long-Term Debt Repaid	-960	-1,309	-558	-684	-804	-2,174
Net Long-Term Debt Issued (Repaid)	1,941	2,127	2,390	1,234	179	-381
Issuance of Common Stock	100	92	73	29	-	2
Repurchase of Common Stock	-3,380	-3,416	-3,900	-4,061	-2,655	-90
Net Common Stock Issued (Repurchased)	-3,280	-3,324	-3,827	-4,032	-2,655	-88
Common Dividends Paid	-722	-718	-682	-587	-321	-
Other Financing Activities	-	-	-	-25	17	-144
Financing Cash Flow	-2,547	-2,318	-1,956	-2,864	-2,962	-463
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-	-	-25	17	11
Net Cash Flow	-78	-54	59	-159	-896	527
Free Cash Flow	2,824	2,608	1,999	2,718	2,031	994
Free Cash Flow Growth	8.28%	30.46%	-26.45%	33.83%	104.33%	-33.91%
FCF Margin	10.63%	9.96%	7.96%	11.46%	9.78%	7.17%
Free Cash Flow Per Share	10.43	9.53	7.01	8.97	6.23	3.02
Levered Free Cash Flow	4,376	4,646	5,102	5,217	1,762	1,062
Unlevered Free Cash Flow	3,491	3,494	3,013	3,881	2,029	1,824

SEC Filings: 10-K · 10-Q