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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
NET INCOME (LOSS) $ (675) $ 851
Adjustments to reconcile to cash provided by (used in) operations:    
Depreciation and amortization 498 501
Amortization of finance costs, discounts and premiums, net 6 5
Loss on extinguishment of debt 28 3
Stock compensation expense 11 11
Deferred income taxes   (2)
Other gains (13) (336)
Gain on property insurance settlement   (4)
Equity in (earnings) losses of affiliates 26 (13)
Change in due from/to managers 130 (43)
Distributions from investments in affiliates   8
Changes in other assets (161) 8
Changes in other liabilities (14) (75)
Net cash provided by (used in) operating activities (164) 914
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 11 895
Proceeds from loan receivable 28  
Advances to and investments in affiliates (4) (5)
Acquisitions   (602)
Capital expenditures:    
Renewals and replacements (122) (181)
Return on investment (262) (211)
Property insurance proceeds   30
Net cash used in investing activities (349) (74)
FINANCING ACTIVITIES    
Financing costs (11) (15)
Issuances of debt 740 645
Draws on credit facility 2,245  
Repayment of credit facility (750) (56)
Repurchase/redemption of senior notes (364)  
Redemption of preferred equity units of Host L.P. (22)  
Debt extinguishment costs (27)  
Common stock repurchase (147) (395)
Dividends on common stock (320) (480)
Distributions and payments to non-controlling interests (3) (73)
Other financing activities (4) (6)
Net cash provided by (used in) financing activities 1,337 (380)
Effects of exchange rate changes on cash held (6) (1)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 818 459
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 1,750 1,756
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 2,568 2,215
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 2,430 2,030
Restricted cash (included in other assets)   1
Furniture, fixtures and equipment replacement fund 138 184
Total cash and cash equivalents and restricted cash shown in the statements of cash flows 2,568 2,215
Total interest paid 126 120
Income taxes paid 2 85
HOST HOTELS & RESORTS L.P.    
OPERATING ACTIVITIES    
NET INCOME (LOSS) (675) 851
Adjustments to reconcile to cash provided by (used in) operations:    
Depreciation and amortization 498 501
Amortization of finance costs, discounts and premiums, net 6 5
Loss on extinguishment of debt 28 3
Stock compensation expense 11 11
Deferred income taxes   (2)
Other gains (13) (336)
Gain on property insurance settlement   (4)
Equity in (earnings) losses of affiliates 26 (13)
Change in due from/to managers 130 (43)
Distributions from investments in affiliates   8
Changes in other assets (161) 8
Changes in other liabilities (14) (75)
Net cash provided by (used in) operating activities (164) 914
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 11 895
Proceeds from loan receivable 28  
Advances to and investments in affiliates (4) (5)
Acquisitions   (602)
Capital expenditures:    
Renewals and replacements (122) (181)
Return on investment (262) (211)
Property insurance proceeds   30
Net cash used in investing activities (349) (74)
FINANCING ACTIVITIES    
Financing costs (11) (15)
Issuances of debt 740 645
Draws on credit facility 2,245  
Repayment of credit facility (750) (56)
Repurchase/redemption of senior notes (364)  
Redemption of preferred equity units of Host L.P. (22)  
Debt extinguishment costs (27)  
Repurchase of common OP units (147) (395)
Distributions on common OP units (323) (485)
Distributions and payments to non-controlling interests   (68)
Other financing activities (4) (6)
Net cash provided by (used in) financing activities 1,337 (380)
Effects of exchange rate changes on cash held (6) (1)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 818 459
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 1,750 1,756
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 2,568 2,215
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 2,430 2,030
Restricted cash (included in other assets)   1
Furniture, fixtures and equipment replacement fund 138 184
Total cash and cash equivalents and restricted cash shown in the statements of cash flows 2,568 2,215
Total interest paid 126 120
Income taxes paid 2 85
Phoenician Land Parcel    
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