Quarterly Financial Data

12 Months Ended

Dec. 31, 2010

20. Quarterly Financial Data (unaudited)


	2010
	First Quarter			Second Quarter		Third Quarter			Fourth Quarter
	(in millions, except per share/unit amounts)
Host Hotels & Resorts, Inc.:
Revenues	$	822		$	1,112	$	1,003		$	1,491
Operating profit (loss)		(1	)		110		23			91
Income (loss) from continuing operations		(82	)		19		(61	)		(4	)
Income (loss) from discontinued operations		(2	)		—		—			(2	)
Net income (loss)		(84	)		19		(61	)		(6	)
Net income (loss) attributable to Host Hotels & Resorts, Inc.		(84	)		18		(58	)		(6	)
Net income (loss) available to common stockholders		(86	)		12		(58	)		(6	)
Basic income (loss) per common share:
Continuing operations		(.13	)		.02		(.09	)		(.01	)
Discontinued operations		—			—		—			—
Net income (loss)		(.13	)		.02		(.09	)		(.01	)
Diluted income (loss) per common share:
Continuing operations		(.13	)		.02		(.09	)		(.01	)
Discontinued operations		—			—		—			—
Net income (loss)		(.13	)		.02		(.09	)		(.01	)
Host Hotels & Resorts, L.P.(1):
Net income (loss) attributable to Host Hotels & Resorts, L.P.		(85	)		18		(59	)		(6	)
Net income (loss) available to common unitholders		(87	)		12		(59	)		(6	)
Basic income (loss) per common unit:
Continuing operations		(.14	)		.02		(.09	)		(.01	)
Discontinued operations		—			—		—			—
Net income (loss)		(.14	)		.02		(.09	)		(.01	)
Diluted income (loss) per common unit:
Continuing operations		(.14	)		.02		(.09	)		(.01	)
Discontinued operations		—			—		—			—
Net income (loss)		(.14	)		.02		(.09	)		(.01	)


	2009
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	(in millions, except per share/unit amounts)
Host Hotels & Resorts, Inc.:
Revenues	$	862		$	1,049		$	901		$	1,323
Operating profit (loss)		20			104			(8	)		33
Income (loss) from continuing operations		(54	)		(11	)		(67	)		(65	)
Income (loss) from discontinued operations		(6	)		(58	)		9			(6	)
Net loss		(60	)		(69	)		(58	)		(71	)
Net loss attributable to Host Hotels & Resorts, Inc.		(59	)		(68	)		(55	)		(70	)
Net loss available to common stockholders		(61	)		(70	)		(57	)		(73	)
Basic income (loss) per common share:
Continuing operations		(.11	)		(.02	)		(.11	)		(.11	)
Discontinued operations		(.01	)		(.10	)		.02			(.01	)
Net loss		(.12	)		(.12	)		(.09	)		(.12	)
Diluted income (loss) per common share:
Continuing operations		(.11	)		(.02	)		(.11	)		(.11	)
Discontinued operations		(.01	)		(.10	)		.02			(.01	)
Net loss		(.12	)		(.12	)		(.09	)		(.12	)
Host Hotels & Resorts, L.P.(1):
Net loss attributable to Host Hotels & Resorts, L.P.		(60	)		(69	)		(56	)		(72	)
Net loss available to common unitholders		(62	)		(71	)		(58	)		(75	)
Basic income (loss) per common unit:
Continuing operations		(.11	)		(.02	)		(.11	)		(.11	)
Discontinued operations		(.01	)		(.10	)		.02			(.01	)
Net loss		(.12	)		(.12	)		(.09	)		(.12	)
Diluted income (loss) per common unit:
Continuing operations		(.11	)		(.02	)		(.11	)		(.11	)
Discontinued operations		(.01	)		(.10	)		.02			(.01	)
Net loss		(.12	)		(.12	)		(.09	)		(.12	)

(1)	Other income statement line items not presented for Host L.P. are equal to the amounts presented for Host Inc.

The sum of the basic and diluted earnings per common share and OP units for the four quarters in all years presented differs from the annual earnings per common share and OP units due to the required method of computing the weighted average number of shares and OP units in the respective periods.

- Definition

This element can be used to disclose the entire quarterly financial data disclosure in the annual financial statements as a single block of text. The disclosure includes a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Alternatively, the details of this disclosure can be reported using the elements in this group, or by using other taxonomy elements and applying the appropriate quarterly date and period contexts when creating an instance document. For example, the element for "Interest and Dividend Income, Operating" may be used by financial institutions from the Statement of Income, applying the appropriate quarterly date and period context when creating an instance document.

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