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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES        
NET INCOME (LOSS) $ (356) $ 290 $ (359) $ 479
Adjustments to reconcile to cash provided by (used in) operations:        
Depreciation and amortization 168 166 332 336
Amortization of finance costs, discounts and premiums, net     3 3
Loss on extinguishment of debt     1  
Stock compensation expense     7 7
Deferred income taxes       1
Other gains (13) (57) (12) (62)
Gain on foreign currency transactions and derivatives (2) (1) (1) (1)
Equity in (earnings) losses of affiliates 25 (4) 21 (9)
Change in due from managers     53 (96)
Distributions from investments in affiliates       7
Changes in other assets     (51) 41
Changes in other liabilities     (9) (82)
Net cash provided by (used in) operating activities     (15) 624
INVESTING ACTIVITIES        
Proceeds from sales of assets, net     11 385
Proceeds from loan receivable     28  
Advances to and investments in affiliates     (3) (3)
Acquisitions       (602)
Capital expenditures:        
Renewals and replacements     (94) (118)
Return on investment     (206) (122)
Net cash used in investing activities     (264) (460)
FINANCING ACTIVITIES        
Financing costs     (5)  
Draws on credit facility     1,500  
Repayment of credit facility     (750)  
Common stock repurchase     (147) (200)
Dividends on common stock     (320) (334)
Distributions and payments to non-controlling interests     (3) (72)
Other financing activities     (7) (5)
Net cash provided by (used in) financing activities     268 (611)
Effects of exchange rate changes on cash held     (6) 1
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH     (17) (446)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD     1,750 1,756
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 1,733 1,310 1,733 1,310
Supplemental disclosure of cash flow information:        
Cash and cash equivalents 1,578 1,107 1,578 1,107
Restricted cash (included in other assets) 1   1  
Furniture, fixtures and equipment replacement fund 154 203 154 203
Total cash and cash equivalents and restricted cash shown in the statements of cash flows 1,733 1,310 1,733 1,310
Total interest paid     73 82
Income taxes paid       76
HOST HOTELS & RESORTS L.P.        
OPERATING ACTIVITIES        
NET INCOME (LOSS) (356) 290 (359) 479
Adjustments to reconcile to cash provided by (used in) operations:        
Depreciation and amortization 168 166 332 336
Amortization of finance costs, discounts and premiums, net     3 3
Loss on extinguishment of debt     1  
Stock compensation expense     7 7
Deferred income taxes       1
Other gains (13) (57) (12) (62)
Gain on foreign currency transactions and derivatives (2) (1) (1) (1)
Equity in (earnings) losses of affiliates 25 (4) 21 (9)
Change in due from managers     53 (96)
Distributions from investments in affiliates       7
Changes in other assets     (51) 41
Changes in other liabilities     (9) (82)
Net cash provided by (used in) operating activities     (15) 624
INVESTING ACTIVITIES        
Proceeds from sales of assets, net     11 385
Proceeds from loan receivable     28  
Advances to and investments in affiliates     (3) (3)
Acquisitions       (602)
Capital expenditures:        
Renewals and replacements     (94) (118)
Return on investment     (206) (122)
Net cash used in investing activities     (264) (460)
FINANCING ACTIVITIES        
Financing costs     (5)  
Draws on credit facility     1,500  
Repayment of credit facility     (750)  
Repurchase of common OP units     (147) (200)
Distributions on common OP units     (323) (337)
Distributions and payments to non-controlling interests       (69)
Other financing activities     (7) (5)
Net cash provided by (used in) financing activities     268 (611)
Effects of exchange rate changes on cash held     (6) 1
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH     (17) (446)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD     1,750 1,756
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 1,733 1,310 1,733 1,310
Supplemental disclosure of cash flow information:        
Cash and cash equivalents 1,578 1,107 1,578 1,107
Restricted cash (included in other assets) 1   1  
Furniture, fixtures and equipment replacement fund 154 203 154 203
Total cash and cash equivalents and restricted cash shown in the statements of cash flows $ 1,733 $ 1,310 1,733 1,310
Total interest paid     73 82
Income taxes paid       76
Phoenician Land Parcel        
INVESTING ACTIVITIES        
Proceeds from sales of assets, net     17  
Supplemental disclosure of cash flow information:        
Notes receivable issued     9  
Phoenician Land Parcel | HOST HOTELS & RESORTS L.P.        
Supplemental disclosure of cash flow information:        
Notes receivable issued     $ 9  
Hotel South Beach [Member]        
Supplemental disclosure of cash flow information:        
Preferred units issued       23
Common units issued       3
Hotel South Beach [Member] | HOST HOTELS & RESORTS L.P.        
Supplemental disclosure of cash flow information:        
Preferred units issued       23
Common units issued       $ 3