XML 82 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
HOST HOTELS & RESORTS, INC.
Dec. 31, 2010
HOST HOTELS & RESORTS, INC.
Dec. 31, 2009
HOST HOTELS & RESORTS, INC.
Dec. 31, 2011
HOST HOTELS & RESORTS L.P.
Dec. 31, 2010
HOST HOTELS & RESORTS L.P.
Dec. 31, 2009
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES            
NET LOSS $ (16) $ (132) $ (258) $ (16) $ (132) $ (258)
Discontinued operations:            
(Gain) loss on dispositions   2 (26)   2 (26)
Depreciation 14 8 96 14 8 96
Depreciation and amortization 641 585 607 641 585 607
Amortization of deferred financing costs 11 12 14 11 12 14
Amortization of debt premiums/discounts, net 19 31 31 19 31 31
Deferred income taxes (11) (36) (38) (11) (36) (38)
Net gains on property transactions and other (7) (1) (14) (7) (1) (14)
(Gain) loss on foreign currency transactions and derivatives (3) 6 (5) (3) 6 (5)
Non-cash loss (gain) on extinguishment of debt 4 1 (5) 4 1 (5)
Equity in (earnings) losses of affiliates (4) 1 32 (4) 1 32
Distributions from equity investments   2 1   2 1
Change in due from managers   (9) 34   (9) 34
Change in cash restricted for operating activities   (25)     (25)  
Changes in other assets (9) 44 (12) (9) 44 (12)
Changes in other liabilities 22 31 95 22 31 95
Cash provided by operating activities 661 520 552 661 520 552
INVESTING ACTIVITIES            
Proceeds from sales of assets, net 6 12 199 6 12 199
Acquisitions (1,047) (342)   (1,047) (342)  
Deposits for acquisitions   (38)     (38)  
Proceeds from transfer of Le Méridien Piccadilly to the Euro JV Fund II 40     40    
Proceeds from sale of interest in CBM Joint Venture LLC     13     13
Deferred sale proceeds received from HPT   17.0     17.0  
Investment in affiliates (49) (1) (7) (49) (1) (7)
Return of capital from investments 1   39 1   39
Purchase of mortgage note on a portfolio of hotels   (53)     (53)  
Capital expenditures:            
Renewals and replacements (327) (195) (164) (327) (195) (164)
Redevelopment and other investments (215) (114) (176) (215) (114) (176)
Change in furniture, fixtures & equipment (FF&E) replacement fund 4 (17) (6) 4 (17) (6)
Change in FF&E replacement funds designated as restricted cash   22 (14)   22 (14)
Property insurance proceeds 11 3   11 3  
Cash used in investing activities (1,576) (706) (116) (1,576) (706) (116)
FINANCING ACTIVITIES            
Financing costs (23) (10) (20) (23) (10) (20)
Issuances of debt 955 500 906 955 500 906
Draws on credit facility 153 56   153 56  
Repayment on credit facility (90)   (410) (90)   (410)
Repurchase/redemption of senior notes, including exchangeable debentures (404) (821) (139) (404) (821) (139)
Mortgage debt prepayments and scheduled maturities (210) (364) (342) (210) (364) (342)
Scheduled principal repayments (5) (13) (14) (5) (13) (14)
Common stock issuance 323 406 767      
Common OP unit issuance       323 406 767
Redemption of preferred stock   (101)        
Redemption of preferred OP units         (101)  
Dividends on common stock (70) (20) (42)      
Distributions on common OP units       (71) (20) (43)
Dividends on preferred stock   (6) (9)      
Distributions on preferred OP units         (6) (9)
Distributions to non-controlling interests (5) (4) (3)      
Distributions to non-controlling interests       (4) (4) (2)
Contributions from non-controlling interests 1 11        
Contributions from non-controlling interests       1 11  
Change in cash restricted for financing activities 3 23 4 3 23 4
Cash provided by (used in) financing activities 628 (343) 698 628 (343) 698
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (287) (529) 1,134 (287) (529) 1,134
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 1,113 1,642 508 1,113 1,642 508
CASH AND CASH EQUIVALENTS, END OF YEAR $ 826 $ 1,113 $ 1,642 $ 826 $ 1,113 $ 1,642