XML 28 R4.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Revenues $ 4,907 $ 2,890 $ 1,620
EXPENSES      
Other property-level expenses 325 307 312
Depreciation and amortization 664 762 665
Corporate and other expenses 107 99 89
Gain on insurance and business interruption settlements (17) (8) 0
Total operating costs and expenses 4,132 3,140 2,573
OPERATING PROFIT (LOSS) 775 (250) (953)
Interest income 30 2 8
Interest expense (156) (191) [1] (194) [1]
Other gains (losses) 17 306 208
Equity in earnings (losses) of affiliates 3 31 (30)
INCOME (LOSS) BEFORE INCOME TAXES 669 (102) (961)
Benefit (provision) for income taxes (26) 91 220
NET INCOME (LOSS) 643 (11) (741)
Less: Net (income) loss attributable to non-controlling interests (10) 0 9
NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 633 $ (11) $ (732)
Basic earnings (loss) per common share $ 0.89 $ (0.02) $ (1.04)
Diluted earnings (loss) per common share $ 0.88 $ (0.02) $ (1.04)
HOST HOTELS & RESORTS L.P.      
REVENUES      
Revenues $ 4,907 $ 2,890 $ 1,620
EXPENSES      
Other property-level expenses 325 307 312
Depreciation and amortization 664 762 665
Corporate and other expenses 107 99 89
Gain on insurance and business interruption settlements (17) (8) 0
Total operating costs and expenses 4,132 3,140 2,573
OPERATING PROFIT (LOSS) 775 (250) (953)
Interest income 30 2 8
Interest expense (156) (191) (194)
Other gains (losses) 17 306 208
Equity in earnings (losses) of affiliates 3 31 (30)
INCOME (LOSS) BEFORE INCOME TAXES 669 (102) (961)
Benefit (provision) for income taxes (26) 91 220
NET INCOME (LOSS) 643 (11) (741)
Less: Net (income) loss attributable to non-controlling interests (1) (1) 1
NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 642 $ (12) $ (740)
Basic earnings (loss) per common share $ 0.91 $ (0.02) $ (1.06)
Diluted earnings (loss) per common share $ 0.90 $ (0.02) $ (1.06)
Rooms      
REVENUES      
Revenues $ 3,014 $ 1,858 $ 976
EXPENSES      
Expenses 727 488 362
Rooms | HOST HOTELS & RESORTS L.P.      
REVENUES      
Revenues 3,014 1,858 976
EXPENSES      
Expenses 727 488 362
Food and Beverage      
REVENUES      
Revenues 1,418 674 426
EXPENSES      
Expenses 928 505 420
Food and Beverage | HOST HOTELS & RESORTS L.P.      
REVENUES      
Revenues 1,418 674 426
EXPENSES      
Expenses 928 505 420
Other      
REVENUES      
Revenues 475 358 218
EXPENSES      
Expenses 1,181 890 686
Other | HOST HOTELS & RESORTS L.P.      
REVENUES      
Revenues 475 358 218
EXPENSES      
Expenses 1,181 890 686
Management Fees      
EXPENSES      
Expenses 217 97 39
Management Fees | HOST HOTELS & RESORTS L.P.      
EXPENSES      
Expenses $ 217 $ 97 $ 39
[1] Interest expense and interest paid includes cash prepayment premiums of approximately $22 million and $35 million in 2021 and 2020, respectively.