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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Discontinued operations:      
Non-cash loss on extinguishment of debt $ 9 [1] $ 4 [1] $ 1 [1]
Deferred income taxes 17 (11) (36)
HOST HOTELS & RESORTS, INC.
     
OPERATING ACTIVITIES      
Net income (loss) 63 (16) (132)
Discontinued operations:      
(Gain) loss on dispositions (48)   2
Depreciation 3 17 11
Depreciation and amortization 751 638 582
Amortization of financing costs, discounts and premiums, net 13 30 43
Non-cash loss on extinguishment of debt 9 4 1
Stock compensation expense 16 19 40
Deferred income taxes 17 (11) (36)
Net gains on property transactions and other (13) (7) (1)
(Gain) loss on foreign currency transactions and derivatives 4 (3) 6
Gain on property insurance settlement (2)    
Equity in (earnings) losses of affiliates (2) (4) 1
Distributions from equity investments     2
Change in due from managers (42)   (9)
Change in cash restricted for operating activities     (25)
Changes in other assets 12 (9) 44
Changes in other liabilities 1 3 (9)
Cash provided by operating activities 782 661 520
INVESTING ACTIVITIES      
Proceeds from sales or transfer of assets, net 160 46 12
Acquisitions (441) (1,047) (342)
Deposits for acquisitions     (38)
Deferred sale proceeds received from HPT 51.0   17.0
Advances to and investment in affiliates (132) (49) (1)
Return on investment 3    
Mortgage loan (investment) proceeds 82 1 (53)
Capital expenditures:      
Renewals and replacements (366) (327) (195)
Redevelopment and acquisition-related investments (272) (215) (114)
New development (6)    
Change in furniture, fixtures & equipment (FF&E) replacement fund 16 4 (17)
Change in FF&E replacement funds designated as restricted cash     22
Property insurance proceeds 19 11 3
Cash used in investing activities (886) (1,576) (706)
FINANCING ACTIVITIES      
Financing costs (18) (23) (10)
Issuances of debt 900 955 500
Draws on credit facility revolver and term loan issuance 731 153 56
Repayment on credit facility (89) (90)  
Repurchase/redemption of senior notes (1,795) (404) (821)
Mortgage debt prepayments and scheduled maturities (113) (210) (364)
Scheduled principal repayments (2) (5) (13)
Issuance of common stock 274 323 406
Redemption of preferred stock     (101)
Dividends on common stock (187) (70) (20)
Dividends on preferred stock     (6)
Contributions from non-controlling interests 1 1 11
Distributions to non-controlling interests (7) (5) (4)
Change in cash restricted for financing activities   3 23
Cash provided by (used in) financing activities (305) 628 (343)
DECREASE IN CASH AND CASH EQUIVALENTS (409) (287) (529)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 826 1,113 1,642
CASH AND CASH EQUIVALENTS, END OF YEAR 417 826 1,113
HOST HOTELS & RESORTS L.P.
     
OPERATING ACTIVITIES      
Net income (loss) 63 (16) (132)
Discontinued operations:      
(Gain) loss on dispositions (48)   2
Depreciation 3 17 11
Depreciation and amortization 751 638 582
Amortization of financing costs, discounts and premiums, net 13 30 43
Non-cash loss on extinguishment of debt 9 4 1
Stock compensation expense 16 19 40
Deferred income taxes 17 (11) (36)
Net gains on property transactions and other (13) (7) (1)
(Gain) loss on foreign currency transactions and derivatives 4 (3) 6
Gain on property insurance settlement (2)    
Equity in (earnings) losses of affiliates (2) (4) 1
Distributions from equity investments     2
Change in due from managers (42)   (9)
Change in cash restricted for operating activities     (25)
Changes in other assets 12 (9) 44
Changes in other liabilities 1 3 (9)
Cash provided by operating activities 782 661 520
INVESTING ACTIVITIES      
Proceeds from sales or transfer of assets, net 160 46 12
Acquisitions (441) (1,047) (342)
Deposits for acquisitions     (38)
Deferred sale proceeds received from HPT 51.0   17.0
Advances to and investment in affiliates (132) (49) (1)
Return on investment 3    
Mortgage loan (investment) proceeds 82 1 (53)
Capital expenditures:      
Renewals and replacements (366) (327) (195)
Redevelopment and acquisition-related investments (272) (215) (114)
New development (6)    
Change in furniture, fixtures & equipment (FF&E) replacement fund 16 4 (17)
Change in FF&E replacement funds designated as restricted cash     22
Property insurance proceeds 19 11 3
Cash used in investing activities (886) (1,576) (706)
FINANCING ACTIVITIES      
Financing costs (18) (23) (10)
Issuances of debt 900 955 500
Draws on credit facility revolver and term loan issuance 731 153 56
Repayment on credit facility (89) (90)  
Repurchase/redemption of senior notes (1,795) (404) (821)
Mortgage debt prepayments and scheduled maturities (113) (210) (364)
Scheduled principal repayments (2) (5) (13)
Issuance of common OP units 274 323 406
Redemption of preferred OP units     (101)
Distributions on common OP units (190) (71) (20)
Distributions on preferred OP units     (6)
Contributions from non-controlling interests 1 1 11
Distributions to non-controlling interests (4) (4) (4)
Change in cash restricted for financing activities   3 23
Cash provided by (used in) financing activities (305) 628 (343)
DECREASE IN CASH AND CASH EQUIVALENTS (409) (287) (529)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 826 1,113 1,642
CASH AND CASH EQUIVALENTS, END OF YEAR $ 417 $ 826 $ 1,113
[1] Interest expense and interest paid for 2012, 2011 and 2010 includes cash prepayment premiums of approximately $21 million, $5 million and $20 million, respectively.