Summary
Marriott International, Inc. filed an 8-K report on April 8, 2003, to provide updated financial disclosures for its fourth quarter and full year 2002 results. The primary purpose of this filing was to present its Consolidated Statement of Income by Quarter in a new, more detailed format. This revised presentation aims to offer greater transparency and comparability with prior periods. While the new format does not alter the previously reported total revenues, expenses, or earnings for any quarter, it does reflect necessary adjustments. Specifically, the Senior Living Services and Distribution Services businesses have been reclassified as discontinued operations. Investors can refer to Exhibit 99 attached to this filing for the detailed quarterly income statements for the fiscal year ended January 3, 2003.
Key Highlights
- 1Marriott International, Inc. filed an 8-K on April 8, 2003, regarding financial reporting.
- 2The filing provides a more detailed Consolidated Statement of Income by Quarter for the fiscal year ended January 3, 2003.
- 3This new format enhances comparability for investors.
- 4The reclassification of Senior Living Services and Distribution Services as discontinued operations is noted.
- 5No changes to previously reported total revenues, expenses, or earnings result from this new format.
- 6Exhibit 99 contains the detailed quarterly income statements for FY 2002.