On the balance sheet, what stands out to you in the asset accounts? Liability accounts? Equity accounts?

On the income statement, what revenue accounts stand out to you? Expense accounts? Where do you think depreciation is hiding?

See the attachments below. The answer should be at least 100 words please, thanks.

\fM ARRIOTT I NTERNATI ONAL , I NC. CONSOL I DATED STATEM ENTS OF INCOM E Fiscal Years 2013, 2012, and 2011 ($ in millions, except per share amounts) 368 Days Ended December 31, 2013 REVENUES Base management fees (1) Franchise fees (1) Incentive management fees (1) Owned, leased, corporate housing, and other revenue (1) $ 364 Days Ended December 28, 2012 621 $ 666 256 364 Days Ended December 30, 2011 581 $ 607 232 602 506 195 950 10,291 12,784 Gains (losses) and other income (1) Interest expense (1) Interest income (1) Equity in losses (1) INCOM E BEFORE I NCOM E TAXES Provision for income taxes NET I NCOM E EARNI NGS PER SHARE-Basic Earnings per share 943 929 324 8,843 752 10,874 940 42 (137) 11,791 526 (7) (164) 17 (13) 14 (13) 897 (271) OPERATING I NCOM E 824 9,405 645 23 (5) Timeshare strategy-impairment charges Reimbursed costs (1) General, administrative, and other (1) 1,083 1,088 8,843 12,317 11,796 988 11 (120) OPERATING COSTS AND EXPENSES Owned, leased, and corporate housing-direct Timeshare-direct 989 9,405 11,814 779 10,291 726 Timeshare sales and services Cost reimbursements (1) 849 (278) 356 (158) $ 626 $ 571 $ 198 $ 2.05 $ 1.77 $ 0.56 $ 2.00 $ 1.72 $ 0.55 EARNI NGS PER SHARE-Diluted Earnings per share (1) See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts. See Notes to Consolidated Financial Statements 46