Solution-Accounting in action business insight

Accounting in action business insight

Reference no: EM13555520

Accounting In Action Business Insight

Net income is not the same as net cash provided by operating activities. The differences are illustrated by the following results from recent annual reports (all data are in millions of dollars). Note the disparity among the companies that engaged in both the restaurant or food-service industry and the lodging industry.

RESTAURANTS Company	Date	Net Income	Net Cash from Operations
Brinker	6/28/2006	$212,395,000	$470,505,000
Darden	5/28/2006	338,194,000	717,090,000
Landry's	12/31/2005	44,815,036	151,056,018
Morton's	1/1/2006	695,000	25,708,000
OSI Restaurant	12/31/2005	149,601,000	372,227,000
Partners

HOTELS Company	Date	Net Income	Net Cash from Operations
Choice	12/31/2005	$87,565,000	$132,907,000
Hilton	12/31/2005	460,000,000	486,000,000
Intercontinental	12/31/2005	£515,000,000	£423,000,000
Marriott	12/30/2005	$669,000,000	$837,000,000
Starwood	12/31/2005	422,000,000	764,000,000

Reference no: EM13555520

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Accounting in action business insight

Reference no: EM13555520

Reference no: EM13555520

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