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Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 07, 2012
Sep. 09, 2011
HOST HOTELS & RESORTS, INC.
   
OPERATING ACTIVITIES    
Net income (loss) $ 48 $ (32)
Discontinued operations:    
Gain on dispositions (48)  
Depreciation 1 7
Depreciation and amortization 472 435
Amortization of deferred financing costs 8 8
Amortization of debt premiums/discounts, net 6 13
Deferred income taxes 4 (13)
Net gain on property transactions and other (3) (6)
Loss on foreign currency transactions and derivatives 2  
Non-cash loss on extinguishment of debt 8 4
Equity in (earnings) losses of affiliates, net (2) 3
Change in due from managers (61) 3
Changes in other assets (2) (38)
Changes in other liabilities (8)  
Cash provided by operating activities 425 384
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 113 6
Proceeds from transfer of the Le Méridien Piccadilly to the Euro JV Fund II   40
Acquisitions (441) (1,047)
Advances to and investment in affiliates (31) (18)
Capital expenditures:    
Renewals and replacements (245) (182)
Redevelopment and acquisition-related investments (211) (153)
Change in furniture, fixtures and equipment ("FF&E") replacement fund (11) 5
Property insurance proceeds 4 7
Cash used in investing activities (822) (1,342)
FINANCING ACTIVITIES    
Financing costs (17) (9)
Issuances of debt 900 576
Draws on credit facility revolver 135 153
Term loan issuance 500  
Repayment on credit facility (8) (90)
Repurchase/redemption of senior notes, including exchangeable debentures (1,693) (370)
Mortgage debt prepayments and scheduled maturities (113) (132)
Scheduled principal repayments (2) (4)
Common stock issuance 255 289
Dividends on common stock (129) (42)
Contributions from non-controlling interests 1  
Distributions to non-controlling interests (5) (4)
Change in restricted cash for financing activities 1 2
Cash provided by (used in) financing activities (175) 369
DECREASE IN CASH AND CASH EQUIVALENTS (572) (589)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 826  
CASH AND CASH EQUIVALENTS, END OF PERIOD 254 524
Supplemental disclosure of cash flow information    
Interest paid 233 199
Income taxes paid 9 5
HOST HOTELS & RESORTS L.P.
   
OPERATING ACTIVITIES    
Net income (loss) 48 (32)
Discontinued operations:    
Gain on dispositions (48)  
Depreciation 1 7
Depreciation and amortization 472 435
Amortization of deferred financing costs 8 8
Amortization of debt premiums/discounts, net 6 13
Deferred income taxes 4 (13)
Net gain on property transactions and other (3) (6)
Loss on foreign currency transactions and derivatives 2  
Non-cash loss on extinguishment of debt 8 4
Equity in (earnings) losses of affiliates, net (2) 3
Change in due from managers (61) 3
Changes in other assets (2) (38)
Changes in other liabilities (8)  
Cash provided by operating activities 425 384
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 113 6
Proceeds from transfer of the Le Méridien Piccadilly to the Euro JV Fund II   40
Acquisitions (441) (1,047)
Advances to and investment in affiliates (31) (18)
Capital expenditures:    
Renewals and replacements (245) (182)
Redevelopment and acquisition-related investments (211) (153)
Change in furniture, fixtures and equipment ("FF&E") replacement fund (11) 5
Property insurance proceeds 4 7
Cash used in investing activities (822) (1,342)
FINANCING ACTIVITIES    
Financing costs (17) (9)
Issuances of debt 900 576
Draws on credit facility revolver 135 153
Term loan issuance 500  
Repayment on credit facility (8) (90)
Repurchase/redemption of senior notes, including exchangeable debentures (1,693) (370)
Mortgage debt prepayments and scheduled maturities (113) (132)
Scheduled principal repayments (2) (4)
Common OP unit issuance 255 289
Distributions on common OP units (131) (42)
Contributions from non-controlling interests 1  
Distributions to non-controlling interests (3) (4)
Change in restricted cash for financing activities 1 2
Cash provided by (used in) financing activities (175) 369
DECREASE IN CASH AND CASH EQUIVALENTS (572) (589)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 826  
CASH AND CASH EQUIVALENTS, END OF PERIOD 254 524
Supplemental disclosure of cash flow information    
Interest paid 233 199
Income taxes paid $ 9 $ 5