# MARRIOTT INTERNATIONAL INC /MD/ (MAR) FY2025 Annual Statement of Cash Flows

- Company: MARRIOTT INTERNATIONAL INC /MD/ (MAR)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-10, accession number 0001048286-26-000007
- Page: https://plicit.ai/financials/mar/fy2025-annual-cash-flow
- Chart image: https://plicit.ai/charts/mar-fy2025-annual-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2025 through Dec 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Dec 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2024**: 425,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 3,212,000,000 US dollars. Net cash provided.
- **Net income**: 2,601,000,000 US dollars
- **Contract acquisition costs**: negative 434,000,000 US dollars
- **Restructuring and merger-related (recoveries) charges, and other**: negative 15,000,000 US dollars
- **Depreciation, amortization, and other (including depreciation and amortization classified in reimbursed expenses)**: 599,000,000 US dollars
- **Other**: 176,000,000 US dollars
- **Liability for guest loyalty program - Liability for guest loyalty program**: 473,000,000 US dollars
- **Working capital changes**: negative 147,000,000 US dollars
- **Income taxes**: negative 277,000,000 US dollars
- **Stock-based compensation**: 236,000,000 US dollars
- **Investing activities**: negative 948,000,000 US dollars. Net cash used.
- **Asset acquisitions**: negative 350,000,000 US dollars
- **Dispositions**: 9,000,000 US dollars
- **Loan collections**: 22,000,000 US dollars
- **Other**: 10,000,000 US dollars
- **Capital and technology expenditures**: negative 604,000,000 US dollars
- **Loan advances**: negative 35,000,000 US dollars
- **Financing activities**: negative 2,318,000,000 US dollars. Net cash used.
- **Issuance of long-term debt**: 3,436,000,000 US dollars
- **Stock-based compensation withholding taxes**: negative 116,000,000 US dollars
- **Dividends paid**: negative 718,000,000 US dollars
- **Issuance of Class A Common Stock**: 92,000,000 US dollars
- **Other**: 0 US dollars
- **Purchase of treasury stock**: negative 3,300,000,000 US dollars
- **Repayment of long-term debt**: negative 1,309,000,000 US dollars
- **Commercial paper/Credit Facility, net**: negative 403,000,000 US dollars
- **Operating adjustment reconciliation**: 1,484,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 5,846,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 989,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: 0 US dollars
- **Ending cash on Dec 31, 2025**: 371,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 3,637,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: negative 54,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 1.23×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- **Operating cash flow**: 3,212,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **cash spent on productive assets**: 604,000,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 2,608,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $611.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash spent on productive assets equals free cash flow: 3,212,000,000 US dollars minus 604,000,000 US dollars equals 2,608,000,000 US dollars.