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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Revenues $ 1,074 $ 399
EXPENSES    
Other property-level expenses 84 78
Depreciation and amortization 172 165
Corporate and other expenses 23 24
Total operating costs and expenses 952 565
OPERATING PROFIT (LOSS) 122 (166)
Interest income 1 1
Interest expense (36) (42)
Other gains (losses) 13 (1)
Equity in earnings of affiliates 2 9
INCOME (LOSS) BEFORE INCOME TAXES 102 (199)
Benefit for income taxes 16 46
NET INCOME (LOSS) 118 (153)
Less: Net (income) loss attributable to non-controlling interests (2) 1
NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 116 $ (152)
Basic earnings (loss) per common share $ 0.16 $ (0.22)
Diluted earnings (loss) per common share $ 0.16 $ (0.22)
HOST HOTELS & RESORTS L.P.    
REVENUES    
Revenues $ 1,074 $ 399
EXPENSES    
Other property-level expenses 84 78
Depreciation and amortization 172 165
Corporate and other expenses 23 24
Total operating costs and expenses 952 565
OPERATING PROFIT (LOSS) 122 (166)
Interest income 1 1
Interest expense (36) (42)
Other gains (losses) 13 (1)
Equity in earnings of affiliates 2 9
INCOME (LOSS) BEFORE INCOME TAXES 102 (199)
Benefit for income taxes 16 46
NET INCOME (LOSS) 118 (153)
Less: Net (income) loss attributable to non-controlling interests (1) 0
NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 117 $ (153)
Basic earnings (loss) per common share $ 0.17 $ (0.22)
Diluted earnings (loss) per common share $ 0.17 $ (0.22)
Rooms    
REVENUES    
Revenues $ 655 $ 257
EXPENSES    
Expenses 160 65
Rooms | HOST HOTELS & RESORTS L.P.    
REVENUES    
Revenues 655 257
EXPENSES    
Expenses 160 65
Food and Beverage    
REVENUES    
Revenues 297 77
EXPENSES    
Expenses 200 62
Food and Beverage | HOST HOTELS & RESORTS L.P.    
REVENUES    
Revenues 297 77
EXPENSES    
Expenses 200 62
Other    
REVENUES    
Revenues 122 65
EXPENSES    
Expenses 273 160
Other | HOST HOTELS & RESORTS L.P.    
REVENUES    
Revenues 122 65
EXPENSES    
Expenses 273 160
Management Fees    
EXPENSES    
Expenses 40 11
Management Fees | HOST HOTELS & RESORTS L.P.    
EXPENSES    
Expenses $ 40 $ 11