8-KEarnings & ResultsRegulation FDExhibits & Filings

MARRIOTT INTERNATIONAL INC /MD/ 8-K Report, Financial Results (Jun 18, 2012)

Filed June 18, 2012For Securities:MAR

Summary

Marriott International, Inc. (MAR) filed an 8-K on June 18, 2012, to disclose enhanced financial information during a Security Analyst Meeting held in Beijing, China. The primary purpose was to provide investors with more detailed insights into the company's performance and financial condition. Key disclosures include historical incentive management fee revenue by region for fiscal years 2007-2011, a breakdown of owned, leased, corporate housing, and other revenue (net of direct expenses) for 2010-2011, and adjusted return on invested capital for fiscal year 2011. These materials, presented at the meeting and available via webcast and on the company's investor relations website, aim to offer greater transparency and context for investors analyzing Marriott's business operations and financial health.

Key Highlights

  • 1Marriott is holding a Security Analyst Meeting in Beijing, China, on June 18-19, 2012, with a webcast for investors.
  • 2The company is providing enhanced disclosure of historical financial information for fiscal years 2007 through 2011.
  • 3Specific data points include incentive management fee revenue broken down by region.
  • 4Details on the composition of owned, leased, corporate housing, and other revenue (net of direct expenses) for 2010 and 2011 are being shared.
  • 5Marriott is also disclosing its adjusted return on invested capital for fiscal year 2011.
  • 6These disclosures are presented in Exhibit 99.1 and a related press release is attached as Exhibit 99.2.
  • 7The company is using non-GAAP financial measures, with reconciliations provided.

Frequently Asked Questions

This 8-K filing announces and provides access to enhanced financial disclosures presented at Marriott's Security Analyst Meeting. The company is offering investors more detailed historical data and specific financial metrics to provide a clearer picture of its operations and financial performance.

Marriott is sharing incentive management fee revenue by region for fiscal years 2007-2011, a breakdown of owned, leased, corporate housing, and other revenue (net of direct expenses) for fiscal years 2010-2011, and the adjusted return on invested capital for fiscal year 2011.

The detailed disclosures are available as Exhibit 99.1 to this 8-K filing. Additionally, a press release is attached as Exhibit 99.2. Investors can also access a live webcast, presentation materials, and an audio replay on Marriott's investor relations website.

The disclosures include certain non-GAAP financial measures. Marriott states that reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are provided.