XML 32 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES      
Revenues $ 1,620 $ 5,469 $ 5,524
EXPENSES      
Other property-level expenses 312 365 387
Depreciation and amortization 665 676 944
Corporate and other expenses 89 107 104
Gain on insurance and business interruption settlements   (5) (7)
Total operating costs and expenses 2,573 4,670 4,994
OPERATING PROFIT (LOSS) (953) 799 530
Interest income 8 32 15
Interest expense (194) (222) (176)
Other gains/(losses) 208 340 902
Loss on foreign currency transactions and derivatives   (1)  
Equity in earnings (losses) of affiliates (30) 14 30
INCOME (LOSS) BEFORE INCOME TAXES (961) 962 1,301
Benefit (provision) for income taxes 220 (30) (150)
NET INCOME (LOSS) (741) 932 1,151
Less: Net (income) loss attributable to non-controlling interests 9 (12) (64)
NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ (732) $ 920 $ 1,087
Basic earnings (loss) per common share $ (1.04) $ 1.26 $ 1.47
Diluted earnings (loss) per common share $ (1.04) $ 1.26 $ 1.47
HOST HOTELS & RESORTS L.P.      
REVENUES      
Revenues $ 1,620 $ 5,469 $ 5,524
EXPENSES      
Other property-level expenses 312 365 387
Depreciation and amortization 665 676 944
Corporate and other expenses 89 107 104
Gain on insurance and business interruption settlements   (5) (7)
Total operating costs and expenses 2,573 4,670 4,994
OPERATING PROFIT (LOSS) (953) 799 530
Interest income 8 32 15
Interest expense (194) (222) (176)
Other gains/(losses) 208 340 902
Loss on foreign currency transactions and derivatives   (1)  
Equity in earnings (losses) of affiliates (30) 14 30
INCOME (LOSS) BEFORE INCOME TAXES (961) 962 1,301
Benefit (provision) for income taxes 220 (30) (150)
NET INCOME (LOSS) (741) 932 1,151
Less: Net (income) loss attributable to non-controlling interests 1 (2) (52)
NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ (740) $ 930 $ 1,099
Basic earnings (loss) per common share $ (1.06) $ 1.29 $ 1.50
Diluted earnings (loss) per common share $ (1.06) $ 1.29 $ 1.50
Rooms      
REVENUES      
Revenues $ 976 $ 3,431 $ 3,547
EXPENSES      
Expenses 362 873 918
Rooms | HOST HOTELS & RESORTS L.P.      
REVENUES      
Revenues 976 3,431 3,547
EXPENSES      
Expenses 362 873 918
Food and Beverage      
REVENUES      
Revenues 426 1,647 1,616
EXPENSES      
Expenses 420 1,120 1,103
Food and Beverage | HOST HOTELS & RESORTS L.P.      
REVENUES      
Revenues 426 1,647 1,616
EXPENSES      
Expenses 420 1,120 1,103
Other      
REVENUES      
Revenues 218 391 361
EXPENSES      
Expenses 686 1,295 1,302
Other | HOST HOTELS & RESORTS L.P.      
REVENUES      
Revenues 218 391 361
EXPENSES      
Expenses 686 1,295 1,302
Management Fees      
EXPENSES      
Expenses 39 239 243
Management Fees | HOST HOTELS & RESORTS L.P.      
EXPENSES      
Expenses $ 39 $ 239 $ 243