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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
9 Months Ended
Sep. 09, 2011
HOST HOTELS & RESORTS, INC.
Sep. 10, 2010
HOST HOTELS & RESORTS, INC.
Sep. 09, 2011
HOST HOTELS & RESORTS L.P.
Sep. 10, 2010
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES    
Net loss$ (32)$ (126)$ (32)$ (126)
Discontinued operations:    
Loss on dispositions 1 1
Depreciation3 3 
Depreciation and amortization439409439409
Amortization of deferred financing costs8888
Amortization of debt premiums/discounts, net13241324
Deferred income taxes(13)(22)(13)(22)
Net gain on property transactions and other(6) (6) 
Loss on foreign currency transactions and derivatives 6 6
Non-cash loss on extinguishment of debt4444
Equity in (earnings) losses of affiliates, net3535
Distributions from equity investments 2 2
Change in due from managers3(25)3(25)
Changes in other assets(23)24(23)24
Changes in other liabilities 18 18
Cash provided by operations399328399328
INVESTING ACTIVITIES    
Proceeds from sales of assets, net612612
Proceeds from transfer of Le Méridien Piccadilly to the Euro JV Fund II40 40 
Acquisitions(1,047)(292)(1,047)(292)
Deposits for acquisitions(15) (15) 
Investment in affiliates(18) (18) 
Purchase of mortgage note on a portfolio of hotels (53) (53)
Capital expenditures:    
Renewals and replacements(182)(99)(182)(99)
Return on investments(153)(50)(153)(50)
Change in furniture, fixtures and equipment ("FF&E") replacement fund5(20)5(20)
Change in FF&E replacement funds designated as restricted cash 4 4
Property insurance proceeds7 7 
Cash used in investing activities(1,357)(498)(1,357)(498)
FINANCING ACTIVITIES    
Financing costs(9) (9) 
Issuances of debt576 576 
Draw on credit facility1535615356
Repayment on credit facility(90) (90) 
Repayments/redemption of senior notes, including exchangeable debentures(370)(571)(370)(571)
Mortgage debt prepayments and scheduled maturities(132)(124)(132)(124)
Scheduled principal repayments(4)(8)(4)(8)
Common stock issuance289158  
Redemption of preferred stock (101)  
Dividends on common stock(42)(14)  
Dividends on preferred stock (6)  
Distributions to non-controlling interests(4)(3)(4)(3)
Contributions from non-controlling interests 7  
Change in restricted cash for financing activities2(28)2(28)
Cash provided by (used in) financing activities369(634)369(634)
Common OP unit issuance  289158
Redemption of preferred OP units   (101)
Distributions on common OP units  (42)(14)
Distributions on preferred OP units   (6)
Contributions from non-controlling interests   7
DECREASE IN CASH AND CASH EQUIVALENTS(589)(804)(589)(804)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD1,113 1,113 
CASH AND CASH EQUIVALENTS, END OF PERIOD524838524838
Supplemental disclosure of cash flow information    
Interest paid199209199209
Income taxes paid$ 5$ 3$ 5$ 3