XML 31 R7.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income (loss) $ 643 $ (11) $ (741)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:      
Depreciation and amortization 664 762 665
Amortization of finance costs, discounts and premiums, net 10 10 8
Loss on extinguishment of debt 0 23 36
Stock compensation expense 26 18 17
Deferred income taxes 20 (93) (165)
Other gains (17) (306) (208)
Gain on property insurance settlement (6) 0 0
Equity in (earnings) losses of affiliates (3) (31) 30
Change in due from/to managers 15 (151) 96
Distributions from investments in affiliates 30 [1] 21 [1] 10
Changes in other assets 20 10 (33)
Changes in other liabilities 14 (40) (22)
Net cash provided by (used in) operating activities 1,416 292 (307)
INVESTING ACTIVITIES      
Proceeds from sales of assets, net 236 729 281
Proceeds from loan receivable 0 9 28
Advances to and investments in affiliates (60) (11) (5)
Acquisitions (301) (1,458) 0
Renewals and replacements (197) (134) (156)
Return on investment (307) (293) (343)
Property insurance proceeds 11 0 0
Net cash used in investing activities (618) (1,158) (195)
FINANCING ACTIVITIES      
Financing costs (1) (8) (11)
Issuances of debt 0 443 740
Draws on credit facility 0 0 2,245
Repayment of credit facility (683) (800) (762)
Repurchase/redemption of senior notes 0 (400) (450)
Redemption of preferred equity units of Host L.P 0 0 (22)
Mortgage debt and other prepayments and scheduled maturities (2) 0 0
Debt extinguishment costs 0 (22) (35)
Issuance of common stock 1 138 0
Common stock repurchase (27) 0 (147)
Dividends on common stock (150) 0 (320)
Distributions and payments to non-controlling interests (3) 0 (3)
Other financing activities (9) (8) (4)
Net cash provided by (used in) financing activities (874) (657) 1,231
Effects of exchange rate changes on cash held (3) 0 (3)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (79) (1,523) 726
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 953 2,476 1,750
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 874 953 2,476
Supplemental disclosure of cash flow information:      
Cash and cash equivalents 667 807 2,335
Restricted cash (included in other assets) 7 2 2
Furniture, fixtures and equipment replacement fund 200 144 139
Total cash and cash equivalents and restricted cash shown on the statements of cash flows $ 874 $ 953 $ 2,476
Noncash Investing and Financing Items [Abstract]      
Redemptions of limited partner interests for common stock (shares) 0.3 0.1 0.2
Redemptions of limited partner interests for common stock $ 5 $ 2 $ 3
Notes receivable from sale of property     9
HOST HOTELS & RESORTS L.P.      
OPERATING ACTIVITIES      
Net income (loss) 643 (11) (741)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:      
Depreciation and amortization 664 762 665
Amortization of finance costs, discounts and premiums, net 10 10 8
Loss on extinguishment of debt 0 23 36
Stock compensation expense 26 18 17
Deferred income taxes 20 (93) (165)
Other gains (17) (306) (208)
Gain on property insurance settlement (6) 0 0
Equity in (earnings) losses of affiliates (3) (31) 30
Change in due from/to managers 15 (151) 96
Distributions from investments in affiliates 30 21 10
Changes in other assets 20 10 (33)
Changes in other liabilities 14 40 (22)
Net cash provided by (used in) operating activities 1,416 292 (307)
INVESTING ACTIVITIES      
Proceeds from sales of assets, net 236 729 281
Proceeds from loan receivable 0 9 28
Advances to and investments in affiliates (60) (11) (5)
Acquisitions (301) (1,458) 0
Renewals and replacements (197) (134) (156)
Return on investment (307) (293) (343)
Property insurance proceeds 11 0 0
Net cash used in investing activities (618) (1,158) (195)
FINANCING ACTIVITIES      
Financing costs (1) (8) (11)
Issuances of debt 0 443 740
Draws on credit facility 0 0 2,245
Repayment of credit facility (683) (800) (762)
Repurchase/redemption of senior notes 0 (400) (450)
Redemption of preferred equity units of Host L.P 0 0 (22)
Mortgage debt and other prepayments and scheduled maturities (2) 0 0
Debt extinguishment costs 0 (22) (35)
Issuance of common OP units 1 138 0
Repurchase of common OP units (27) 0 (147)
Distributions on common OP units (152) 0 (323)
Distributions and payments to non-controlling interests (1) 0 0
Other financing activities (9) (8) (4)
Net cash provided by (used in) financing activities (874) (657) 1,231
Effects of exchange rate changes on cash held (3) 0 (3)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (79) (1,523) 726
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 953 2,476 1,750
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 874 953 2,476
Supplemental disclosure of cash flow information:      
Cash and cash equivalents 667 807 2,335
Restricted cash (included in other assets) 7 2 2
Furniture, fixtures and equipment replacement fund 200 144 139
Total cash and cash equivalents and restricted cash shown on the statements of cash flows $ 874 $ 953 $ 2,476
Noncash Investing and Financing Items [Abstract]      
Redemptions of limited partner interests for common stock (shares) 0.3 0.1 0.2
Redemptions of limited partner interests for common stock $ 5 $ 2 $ 3
Notes receivable from sale of property     $ 9
Four Seasons Resort and Residences Jackson Hole      
Noncash Investing and Financing Items [Abstract]      
Advanced deposists received 19    
Four Seasons Resort Orlando at Walt DisneyWorld Resort      
Noncash Investing and Financing Items [Abstract]      
Advanced deposists received   24  
Hotel Van Zandt Austin      
Noncash Investing and Financing Items [Abstract]      
Mortgage loan   102  
Hotel Van Zandt Austin | HOST HOTELS & RESORTS L.P.      
Noncash Investing and Financing Items [Abstract]      
Mortgage loan   $ 102  
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    
Noble Investment Group LLC | Host Hotels Resorts Lp [Member]      
Noncash Investing and Financing Items [Abstract]      
Noncash financial or equity instrument consideration, shares issued 3.2    
Joint venture investment, value of shares issued $ 56    
Noble Investment Group LLC | Host Hotels Resorts Lp [Member] | HOST HOTELS & RESORTS L.P.      
Noncash Investing and Financing Items [Abstract]      
Noncash financial or equity instrument consideration, shares issued 3.2    
Joint venture investment, value of shares issued $ 56    
[1] Distributions received were funded by cash from operations unless otherwise noted.