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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net income (loss) $ (11) $ (741) $ 932
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:      
Depreciation and amortization 762 665 676
Amortization of finance costs, discounts and premiums, net 10 8 6
Loss on extinguishment of debt 23 36 56
Stock compensation expense 18 17 15
Deferred income taxes (93) (165) 7
Other gains (306) (208) (339)
Gain on property insurance settlement 0 0 (4)
Equity in (earnings) losses of affiliates (31) 30 (14)
Change in due from/to managers (151) 96 3
Distributions from investments in affiliates 21 10 11
Changes in other assets 10 (33) 7
Changes in other liabilities 40 (22) (106)
Net cash provided by (used in) operating activities 292 (307) 1,250
INVESTING ACTIVITIES      
Proceeds from sales of assets, net 729 281 1,192
Proceeds from loan receivable 9 28 0
Return of investments in affiliates 0 0 1
Advances to and investments in affiliates (11) (5) (6)
Acquisitions (1,458) 0 (602)
Capital expenditures:      
Renewals and replacements (134) (156) (222)
Return on investment (293) (343) (336)
Property insurance proceeds 0 0 31
Net cash provided by (used in) investing activities (1,158) (195) 58
FINANCING ACTIVITIES      
Financing costs (8) (11) (17)
Issuances of debt 443 740 645
Draws on credit facility 0 2,245 0
Repayment of credit facility (800) (762) (56)
Repurchase/redemption of senior notes (400) (450) (650)
Redemption of preferred equity units of Host L.P. 0 (22) 0
Debt extinguishment costs (22) (35) (50)
Issuance of common stock 138 0 0
Common stock repurchase 0 (147) (482)
Dividends on common stock 0 (320) (623)
Distributions and payments to non-controlling interests 0 (3) (75)
Other financing activities (8) (4) (7)
Net cash provided by (used in) financing activities (657) 1,231 (1,315)
Effects of exchange rate changes on cash held 0 (3) 1
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (1,523) 726 (6)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 2,476 1,750 1,756
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 953 2,476 1,750
Supplemental disclosure of cash flow information:      
Cash and cash equivalents 807 2,335 1,573
Restricted cash (included in other assets) 2 2 1
Furniture, fixtures and equipment replacement fund 144 139 176
Total cash and cash equivalents and restricted cash shown on the statements of cash flows $ 953 $ 2,476 $ 1,750
Noncash Investing and Financing Items [Abstract]      
Redemptions of limited partner interests for common stock (shares) 0.1 0.2 0.2
Redemptions of limited partner interests for common stock $ 2 $ 3 $ 2
HOST HOTELS & RESORTS L.P.      
OPERATING ACTIVITIES      
Net income (loss) (11) (741) 932
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:      
Depreciation and amortization 762 665 676
Amortization of finance costs, discounts and premiums, net 10 8 6
Loss on extinguishment of debt 23 36 56
Stock compensation expense 18 17 15
Deferred income taxes (93) (165) 7
Other gains (306) (208) (339)
Gain on property insurance settlement 0 0 (4)
Equity in (earnings) losses of affiliates (31) 30 (14)
Change in due from/to managers (151) 96 3
Distributions from investments in affiliates 21 10 11
Changes in other assets 10 (33) 7
Changes in other liabilities 40 (22) (106)
Net cash provided by (used in) operating activities 292 (307) 1,250
INVESTING ACTIVITIES      
Proceeds from sales of assets, net 729 281 1,192
Proceeds from loan receivable 9 28 0
Return of investments in affiliates 0 0 1
Advances to and investments in affiliates (11) (5) (6)
Acquisitions (1,458) 0 (602)
Capital expenditures:      
Renewals and replacements (134) (156) (222)
Return on investment (293) (343) (336)
Property insurance proceeds 0 0 31
Net cash provided by (used in) investing activities (1,158) (195) 58
FINANCING ACTIVITIES      
Financing costs (8) (11) (17)
Issuances of debt 443 740 645
Draws on credit facility 0 2,245 0
Repayment of credit facility (800) (762) (56)
Repurchase/redemption of senior notes (400) (450) (650)
Redemption of preferred equity units of Host L.P. 0 (22) 0
Debt extinguishment costs (22) (35) (50)
Issuance of common OP units 138 0 0
Distributions and payments to non-controlling interests 0 0 (68)
Other financing activities (8) (4) (7)
Repurchase of common OP units 0 (147) (482)
Distributions on common OP units 0 (323) (630)
Net cash provided by (used in) financing activities (657) 1,231 (1,315)
Effects of exchange rate changes on cash held 0 (3) 1
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (1,523) 726 (6)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 2,476 1,750 1,756
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 953 2,476 1,750
Supplemental disclosure of cash flow information:      
Cash and cash equivalents 807 2,335 1,573
Restricted cash (included in other assets) 2 2 1
Furniture, fixtures and equipment replacement fund 144 139 176
Total cash and cash equivalents and restricted cash shown on the statements of cash flows 953 $ 2,476 $ 1,750
Noncash Investing and Financing Items [Abstract]      
Redemptions of limited partner interests for common stock (shares)   0.2 0.2
Redemptions of limited partner interests for common stock 2 $ 3 $ 2
Four Seasons Resort Orlando at Walt DisneyWorld Resort      
Noncash Investing and Financing Items [Abstract]      
Advanced deposists received 24    
Four Seasons Resort Orlando at Walt DisneyWorld Resort | HOST HOTELS & RESORTS L.P.      
Noncash Investing and Financing Items [Abstract]      
Advanced deposists received 24    
Hotel Van Zandt Austin      
Noncash Investing and Financing Items [Abstract]      
Mortgage loan 102    
Hotel Van Zandt Austin | HOST HOTELS & RESORTS L.P.      
Noncash Investing and Financing Items [Abstract]      
Mortgage loan $ 102    
1 Hotel South Beach      
Noncash Investing and Financing Items [Abstract]      
Preferred units issued     23
Common units issued     3
1 Hotel South Beach | HOST HOTELS & RESORTS L.P.      
Noncash Investing and Financing Items [Abstract]      
Preferred units issued     23
Common units issued     3
Chicago Marriott Suites O'Hare      
Noncash Investing and Financing Items [Abstract]      
Notes receivable from sale of property     28
Chicago Marriott Suites O'Hare | HOST HOTELS & RESORTS L.P.      
Noncash Investing and Financing Items [Abstract]      
Notes receivable from sale of property     $ 28
Phoenician Land Parcel      
INVESTING ACTIVITIES      
Proceeds from sales of assets, net   83  
Noncash Investing and Financing Items [Abstract]      
Notes receivable from sale of property   9  
Phoenician Land Parcel | HOST HOTELS & RESORTS L.P.      
Noncash Investing and Financing Items [Abstract]      
Notes receivable from sale of property   $ 9