XML 21 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
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