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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUES        
Revenues $ 1,214 $ 1,189 $ 3,988 $ 3,644
EXPENSES        
Other property-level expenses 106 90 290 252
Depreciation and amortization 174 164 511 498
Corporate and other expenses 29 29 90 77
Gain on insurance and business interruption settlements (54) (10) (57) (17)
Total operating costs and expenses 1,057 1,041 3,334 3,047
OPERATING PROFIT 157 148 654 597
Interest income 22 10 56 17
Interest expense (48) (40) (142) (113)
Other gains 1 5 70 19
Equity in earnings (losses) of affiliates (4) (1) 7 3
INCOME BEFORE INCOME TAXES 128 122 645 523
Provision for income taxes (15) (6) (27) (29)
NET INCOME 113 116 618 494
Less: Net income attributable to non-controlling interests (2) (2) (10) (8)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 111 $ 114 $ 608 $ 486
Basic earnings per common share (in dollars per share) $ 0.16 $ 0.16 $ 0.85 $ 0.68
Diluted earnings per common share (in dollars per share) $ 0.16 $ 0.16 $ 0.85 $ 0.68
Rooms        
REVENUES        
Revenues $ 777 $ 746 $ 2,447 $ 2,251
EXPENSES        
Expenses 196 190 590 539
Food and beverage        
REVENUES        
Revenues 328 330 1,174 1,032
EXPENSES        
Expenses 241 230 773 675
Other        
REVENUES        
Revenues 109 113 367 361
EXPENSES        
Expenses 314 300 952 873
Management fees        
EXPENSES        
Expenses $ 51 $ 48 $ 185 $ 150