XML 124 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9
Quarterly Financial Data (unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (unaudited)

17.

Quarterly Financial Data (unaudited)

 

 

 

2014

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

 

(in millions, except per share/unit amounts)

 

Host Hotels & Resorts, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

1,309

 

 

$

1,431

 

 

$

1,294

 

 

$

1,320

 

Operating profit

 

 

134

 

 

 

225

 

 

 

202

 

 

 

149

 

Income from continuing operations

 

 

185

 

 

 

159

 

 

 

145

 

 

 

258

 

Net income

 

 

185

 

 

 

159

 

 

 

145

 

 

 

258

 

Net income attributable to Host Hotels & Resorts, Inc.

 

 

179

 

 

 

155

 

 

 

144

 

 

 

254

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

.24

 

 

 

.21

 

 

 

.19

 

 

 

.34

 

Discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Basic earnings per common share

 

 

.24

 

 

 

.21

 

 

 

.19

 

 

 

.34

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

.24

 

 

 

.21

 

 

 

.19

 

 

 

.33

 

Discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Diluted earnings per common share

 

 

.24

 

 

 

.21

 

 

 

.19

 

 

 

.33

 

Host Hotels & Resorts, L.P.(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Host Hotels & Resorts, L.P.

 

 

181

 

 

 

157

 

 

 

146

 

 

 

257

 

Basic earnings per common unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

.24

 

 

 

.21

 

 

 

.19

 

 

 

.34

 

Discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Basic earnings per common unit

 

 

.24

 

 

 

.21

 

 

 

.19

 

 

 

.34

 

Diluted earnings per common unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

.24

 

 

 

.21

 

 

 

.19

 

 

 

.34

 

Discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Diluted earnings per common unit

 

 

.24

 

 

 

.21

 

 

 

.19

 

 

 

.34

 


 

 

 

2013

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

 

(in millions, except per share/unit amounts)

 

Host Hotels & Resorts, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

1,224

 

 

$

1,399

 

 

$

1,211

 

 

$

1,331

 

Operating profit

 

 

90

 

 

 

205

 

 

 

79

 

 

 

138

 

Income from continuing operations

 

 

34

 

 

 

116

 

 

 

2

 

 

 

59

 

Income from discontinued operations

 

 

26

 

 

 

5

 

 

 

16

 

 

 

67

 

Net income

 

 

60

 

 

 

121

 

 

 

18

 

 

 

126

 

Net income attributable to Host Hotels & Resorts, Inc.

 

 

56

 

 

 

119

 

 

 

19

 

 

 

123

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

.04

 

 

 

.15

 

 

 

.01

 

 

 

.07

 

Discontinued operations

 

 

.04

 

 

 

.01

 

 

 

.02

 

 

 

.09

 

Basic earnings per common share

 

 

.08

 

 

 

.16

 

 

 

.03

 

 

 

.16

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

.04

 

 

 

.15

 

 

 

.01

 

 

 

.07

 

Discontinued operations

 

 

.04

 

 

 

.01

 

 

 

.02

 

 

 

.09

 

Diluted earnings per common share

 

 

.08

 

 

 

.16

 

 

 

.03

 

 

 

.16

 

Host Hotels & Resorts, L.P.(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Host Hotels & Resorts, L.P.

 

 

57

 

 

 

120

 

 

 

19

 

 

 

125

 

Basic earnings per common unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

.04

 

 

 

.15

 

 

 

.01

 

 

 

.08

 

Discontinued operations

 

 

.04

 

 

 

.01

 

 

 

.02

 

 

 

.09

 

Basic earnings per common unit

 

 

.08

 

 

 

.16

 

 

 

.03

 

 

 

.17

 

Diluted earnings per common unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

.04

 

 

 

.15

 

 

 

.01

 

 

 

.08

 

Discontinued operations

 

 

.04

 

 

 

.01

 

 

 

.02

 

 

 

.09

 

Diluted earnings per common unit

 

 

.08

 

 

 

.16

 

 

 

.03

 

 

 

.17

 

___________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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.