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Earnings (Loss) Per Common Share (Unit) (Tables)
9 Months Ended
Sep. 09, 2011
HOST HOTELS & RESORTS, INC.
 
Earnings (Loss) Per Common Share (Unit)
     Quarter ended     Year-to-date ended  
     September 9,
2011		     September 10,
2010		     September 9,
2011		     September 10,
2010		  
     (in millions, except per unit amounts)  

Net loss

    $ (35 )    $ (61 )    $ (32 )    $ (126 ) 

Net loss attributable to non-controlling interests

      2        3        —          2   

Dividends on preferred stock

      —          —          —          (4 ) 

Issuance costs of redeemed preferred stock (a)

      —          —          —          (4 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Loss available to common stockholders

      (33 )      (58 )      (32 )      (132 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Diluted loss available to common stockholders

    $ (33 )    $ (58 )    $ (32 )    $ (132 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Basic weighted average shares outstanding

      702.1        654.5        688.4        651.7   

Diluted weighted average shares outstanding (b)

      702.1        654.5        688.4        651.7   

Basic loss per share

    $ (.05 )    $ (.09 )    $ (.05 )    $ (.20 ) 

Diluted loss per share

    $ (.05 )    $ (.09 )    $ (.05 )    $ (.20 ) 

 

(a) Represents the original issuance costs associated with the Class E preferred stock, which was redeemed during the second quarter 2010.
(b) There were approximately 42 million and 48 million for the quarter and year-to-date periods ended September 9, 2011, respectively, and 52 million for the quarter and year-to-date periods ended September 10. 2010, potentially dilutive shares related to our Exchangeable Senior Debentures and shares granted under comprehensive stock plans, which were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the period.
HOST HOTELS & RESORTS L.P.
 
Earnings (Loss) Per Common Share (Unit)
     Quarter ended     Year-to-date ended  
     September 9,
2011		     September 10,
2010		     September 9,
2011		     September 10,
2010		  
     (in millions, except per unit amounts)  

Net loss

    $ (35 )    $ (61 )    $ (32 )    $ (126 ) 

Net loss attributable to non-controlling interests

      1        2        —          —     

Distributions on preferred OP units

      —          —          —          (4 ) 

Issuance costs of redeemed preferred OP units (a)

      —          —          —          (4 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Loss available to common unitholders

      (34 )      (59 )      (32 )      (134 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Diluted loss available to common unitholders

    $ (34 )    $ (59 )    $ (32 )    $ (134 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Basic weighted average units outstanding

      697.9        651.4        684.5        648.8   

Diluted weighted average units outstanding (b)

      697.9        651.4        684.5        648.8   

Basic loss per unit

    $ (.05 )    $ (.09 )    $ (.05 )    $ (.21 ) 

Diluted loss per unit

    $ (.05 )    $ (.09 )    $ (.05 )    $ (.21 ) 

 

(a) Represents the original issuance costs associated with the Class E preferred OP units, which was redeemed during the second quarter 2010.
(b) There were approximately 41 million and 47 million for the quarter and year-to-date periods ended September 9, 2011, respectively, and 51 million for the quarter and year-to-date periods ended September 10, 2010, potentially dilutive units related to our Exchangeable Senior Debentures and units that would be distributable to Host Inc. for shares granted under comprehensive stock plans, which were not included in the computation of diluted earnings per unit because to do so would have been anti-dilutive for the period.