What are two accounts in the Marriott income statement that show the biggest change over the...

What are two accounts in the Marriott income statement that show the biggest change over the past 3 years? What information in the 10-K report helps to explain these changes?

Expert Solution

(All the information has been obtained from Marriott’s latest 10k which was filed on March 1, 2019 and pertains to the period ending December 31, 2019).

(All $ figures are in millions).

The two accounts in the Marriott income statement that show the biggest change over the past 3 years are: (i) gains and other income (ii) equity in earnings

The company’s gains and other income account saw a 13,660% increase in 2017 to $688 from $5 in 2016. In 2018 the change was -71.80% as the account declined to $194 in 2018. The company’s equity in earnings account increased by 344.44% in 2017 to $40 from $9 in 2016. In 2018 it increased by 157.50% to $103.

The footnotes in the company’s 10k helps to explain these changes. Changes in gains and other incomes was explained by changes in management fees that the company earns. Changes in equity in earnings was attributed to changes in the company’s use of equity method investments in entities that own properties for which the company provides management services.

jeff jeffy answered 5 months ago

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