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![Marriott International Inc [MAR] reports annual net loss of $3.1 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FMAR.png&w=1200&q=75)
MARRIOTT INTERNATIONAL INC /MD/ [MAR] has reported a net loss of $3.1 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $23.7 billion
Based in BETHESDA, Maryland, MARRIOTT INTERNATIONAL INC /MD/ operates in the SERVICES sector.
In the annual report for the period ended December 31, 2023, Company XYZ reported total revenues of $23.713 billion, showing a significant increase from $20.773 billion in the same period of the previous year and $13.857 billion in the year before that.
Operating costs and expenses for the current period totaled $19.849 billion, compared to $17.311 billion in the previous year and $12.107 billion in the year before that. This resulted in an operating income of $3.864 billion for the current period, up from $3.462 billion in the previous year and $1.750 billion in the year before that.
Net income for the current period was reported at $3.083 billion, reflecting an increase from $2.358 billion in the previous year and $1.099 billion in the year before that.
Earnings per share also saw a positive trend, with basic earnings per share at $10.23 for the current period, up from $7.27 in the previous year and $3.36 in the year before that. Similarly, diluted earnings per share stood at $10.18 for the current period, increasing from $7.24 in the previous year and $3.34 in the year before that.
In terms of fee revenues, gross fee revenues totaled $4.824 billion for the current period, compared to $4.078 billion in the previous year and $2.694 billion in the year before that. The breakdown of fee revenues across different segments also showed positive growth in each category.
Overall, Company XYZ demonstrated strong financial performance with significant increases in revenues, operating income, net income, and earnings per share compared to the previous periods.
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