CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) shares in Millions, $ in Millions | 9 Months Ended |
Sep. 30, 2022 | Sep. 30, 2021 |
OPERATING ACTIVITIES | | |
Net income (loss) | $ 494 | $ (334) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations: | | |
Depreciation and amortization | 498 | 597 |
Amortization of finance costs, discounts and premiums, net | 8 | 7 |
Stock compensation expense | 19 | 13 |
Other gains | (19) | (4) |
Gain on property insurance settlement | (6) | 0 |
Equity in earnings of affiliates | (3) | (36) |
Change in due from/to managers | 32 | (78) |
Distributions from investments in affiliates | 23 | 4 |
Changes in other assets | 7 | (99) |
Changes in other liabilities | 3 | 8 |
Net cash provided by operating activities | 1,056 | 78 |
INVESTING ACTIVITIES | | |
Proceeds from sales of assets, net | 233 | 8 |
Proceeds from loan receivable | 0 | 9 |
Advances to and investments in affiliates | (59) | (9) |
Acquisitions | 0 | (1,217) |
Capital expenditures: | | |
Renewals and replacements | (117) | (92) |
Return on investment | (240) | (201) |
Property insurance proceeds | 11 | 0 |
Net cash used in investing activities | (172) | (1,502) |
FINANCING ACTIVITIES | | |
Financing costs | 0 | (3) |
Repayment of credit facility | (683) | 0 |
Mortgage debt and other prepayments and scheduled maturities | (1) | 0 |
Issuance of common stock | 1 | 138 |
Dividends on common stock | (65) | 0 |
Distributions and payments to non-controlling interests | (2) | 0 |
Other financing activities | (9) | (8) |
Net cash provided by (used in) financing activities | (759) | 127 |
Effects of exchange rate changes on cash held | (4) | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | 121 | (1,297) |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD | 953 | 2,476 |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD | 1,074 | 1,179 |
Supplemental disclosure of cash flow information: | | |
Cash and cash equivalents | 883 | 1,038 |
Restricted cash (included in other assets) | 4 | 3 |
Cash included in furniture, fixtures and equipment replacement fund | 187 | 138 |
Total cash and cash equivalents and restricted cash shown in the statements of cash flows | 1,074 | 1,179 |
Total interest paid | 100 | 115 |
Income tax refunds received | (7) | (3) |
HOST HOTELS & RESORTS L.P. | | |
OPERATING ACTIVITIES | | |
Net income (loss) | 494 | (334) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations: | | |
Depreciation and amortization | 498 | 597 |
Amortization of finance costs, discounts and premiums, net | 8 | 7 |
Stock compensation expense | 19 | 13 |
Other gains | (19) | (4) |
Gain on property insurance settlement | (6) | 0 |
Equity in earnings of affiliates | (3) | (36) |
Change in due from/to managers | 32 | (78) |
Distributions from investments in affiliates | 23 | 4 |
Changes in other assets | 7 | (99) |
Changes in other liabilities | 3 | 8 |
Net cash provided by operating activities | 1,056 | 78 |
INVESTING ACTIVITIES | | |
Proceeds from sales of assets, net | 233 | 8 |
Proceeds from loan receivable | 0 | 9 |
Advances to and investments in affiliates | (59) | (9) |
Acquisitions | 0 | (1,217) |
Capital expenditures: | | |
Renewals and replacements | (117) | (92) |
Return on investment | (240) | (201) |
Property insurance proceeds | 11 | 0 |
Net cash used in investing activities | (172) | (1,502) |
FINANCING ACTIVITIES | | |
Financing costs | 0 | (3) |
Repayment of credit facility | (683) | 0 |
Mortgage debt and other prepayments and scheduled maturities | (1) | 0 |
Issuance of common OP units | 1 | 138 |
Distributions on common OP units | (66) | 0 |
Distributions and payments to non-controlling interests | (1) | 0 |
Other financing activities | (9) | (8) |
Net cash provided by (used in) financing activities | (759) | 127 |
Effects of exchange rate changes on cash held | (4) | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | 121 | (1,297) |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD | 953 | 2,476 |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD | 1,074 | 1,179 |
Supplemental disclosure of cash flow information: | | |
Cash and cash equivalents | 883 | 1,038 |
Restricted cash (included in other assets) | 4 | 3 |
Cash included in furniture, fixtures and equipment replacement fund | 187 | 138 |
Total cash and cash equivalents and restricted cash shown in the statements of cash flows | 1,074 | 1,179 |
Total interest paid | 100 | 115 |
Income tax refunds received | (7) | $ (3) |
Four Seasons Resort Orlando | | |
Noncash Investing And Financing Items [Abstract] | | |
Advanced deposits received | 24 | |
Four Seasons Resort Orlando | HOST HOTELS & RESORTS L.P. | | |
Noncash Investing And Financing Items [Abstract] | | |
Advanced deposits received | $ 24 | |
Host Hotels Resorts Lp [Member] | Noble Investment Group LLC | | |
Noncash Investing And Financing Items [Abstract] | | |
Noncash financial or equity instrument consideration, shares issued | 3.2 | |
Joint venture investment, value of shares issued | $ 56 | |
Host Hotels Resorts Lp [Member] | HOST HOTELS & RESORTS L.P. | Noble Investment Group LLC | | |
Noncash Investing And Financing Items [Abstract] | | |
Noncash financial or equity instrument consideration, shares issued | 3.2 | |
Joint venture investment, value of shares issued | $ 56 | |
Sheraton Boston Hotel [Member] | | |
Noncash Investing And Financing Items [Abstract] | | |
Notes receivable from sale of property | 163 | |
Sheraton Boston Hotel [Member] | HOST HOTELS & RESORTS L.P. | | |
Noncash Investing And Financing Items [Abstract] | | |
Notes receivable from sale of property | 163 | |
Sheraton New York Times Square Hotel | | |
Noncash Investing And Financing Items [Abstract] | | |
Notes receivable from sale of property | 250 | |
Sheraton New York Times Square Hotel | HOST HOTELS & RESORTS L.P. | | |
Noncash Investing And Financing Items [Abstract] | | |
Notes receivable from sale of property | $ 250 | |