Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data

20. Quarterly Financial Data (unaudited)

	2011
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	(in millions, except per share/unit amounts)
Host Hotels & Resorts, Inc.:
Revenues	$	891		$	1,284		$	1,131		$	1,641
Operating profit (loss)		(3	)		151			54			123
Income (loss) from continuing operations		(60	)		66			(36	)		19
Income (loss) from discontinued operations		—			(2	)		1			(3	)
Net income (loss)		(60	)		64			(35	)		16
Net income (loss) attributable to Host Hotels & Resorts, Inc.		(60	)		62			(33	)		17
Net income (loss) available to common stockholders		(60	)		62			(33	)		17
Basic income (loss) per common share:
Continuing operations		(.09	)		.09			(.05	)		.03
Discontinued operations		—			—			—			(.01	)
Net income (loss)		(.09	)		.09			(.05	)		.02
Diluted income (loss) per common share:
Continuing operations		(.09	)		.09			(.05	)		.03
Discontinued operations		—			—			—			(.01	)
Net income (loss)		(.09	)		.09			(.05	)		.02
Host Hotels & Resorts, L.P.(1):
Net income (loss) attributable to Host Hotels & Resorts, L.P.		(61	)		63			(34	)		17
Net income (loss) available to common unitholders		(61	)		63			(34	)		17
Basic income (loss) per common unit:
Continuing operations		(.09	)		.09			(.05	)		.03
Discontinued operations		—			—			—			(.01	)
Net income (loss)		(.09	)		.09			(.05	)		.02
Diluted income (loss) per common unit:
Continuing operations		(.09	)		.09			(.05	)		.03
Discontinued operations		—			—			—			(.01	)
Net income (loss)		(.09	)		.09			(.05	)		.02

	2010
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	(in millions, except per share/unit amounts)
Host Hotels & Resorts, Inc.:
Revenues	$	812		$	1,102		$	993		$	1,477
Operating profit (loss)		(1	)		110			23			91
Income (loss) from continuing operations		(82	)		20			(61	)		(5	)
Loss from discontinued operations		(2	)		(1	)		—			(1	)
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	)

(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.