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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Host Hotels & Resorts L.P. and Subsidiaries - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net income $ 272 $ 291
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 180 169
Amortization of finance costs, discounts and premiums, net 2 2
Loss on extinguishment of debt 0 4
Stock compensation expense 6 7
Other gains 0 (69)
Gain on property insurance settlement (21) 0
Equity in earnings of affiliates (8) (7)
Change in due from/to managers (58) (88)
Distributions from investments in affiliates 3 7
Property insurance proceeds - remediation costs 0 31
Payments for inventory costs (6) 0
Changes in other assets 8 3
Changes in other liabilities (13) (42)
Net cash provided by operating activities 365 308
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 0 35
Advances to and investments in affiliates (18) (18)
Capital expenditures:    
Renewals and replacements (70) (95)
Return on investment (33) (51)
Property insurance proceeds 21 24
Net cash used in investing activities (100) (105)
FINANCING ACTIVITIES    
Financing costs 0 (10)
Draws on credit facility 300 0
Debt extinguishment costs 0 (3)
Distributions and payments to non-controlling interests (5) (3)
Other financing activities (23) (14)
Net cash used in financing activities (44) (308)
Effects of exchange rate changes on cash held (2) 1
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 219 (104)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 1,363 874
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 1,582 770
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 1,349 563
Restricted cash (included in other assets) 2 4
Cash included in furniture, fixtures and equipment replacement fund 231 203
Total cash and cash equivalents and restricted cash shown in the statements of cash flows 1,582 770
Total interest paid 39 40
Income taxes paid (refunds received) 2 (1)
HOST HOTELS & RESORTS L.P.    
OPERATING ACTIVITIES    
Net income 272 291
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 180 169
Amortization of finance costs, discounts and premiums, net 2 2
Loss on extinguishment of debt 0 4
Stock compensation expense 6 7
Other gains 0 (69)
Gain on property insurance settlement (21) 0
Equity in earnings of affiliates (8) (7)
Change in due from/to managers (58) (88)
Distributions from investments in affiliates 3 7
Property insurance proceeds - remediation costs 0 31
Payments for inventory costs (6) 0
Changes in other assets 8 3
Changes in other liabilities (13) (42)
Net cash provided by operating activities 365 308
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 0 35
Advances to and investments in affiliates (18) (18)
Capital expenditures:    
Renewals and replacements (70) (95)
Return on investment (33) (51)
Property insurance proceeds 21 24
Net cash used in investing activities (100) (105)
FINANCING ACTIVITIES    
Financing costs 0 (10)
Draws on credit facility 300 0
Debt extinguishment costs 0 (3)
Repurchase of common OP units 0 (50)
Distributions on common OP units (320) (231)
Distributions and payments to non-controlling interests (1) 0
Other financing activities (23) (14)
Net cash used in financing activities (44) (308)
Effects of exchange rate changes on cash held (2) 1
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 219 (104)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 1,363 874
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 1,582 770
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 1,349 563
Restricted cash (included in other assets) 2 4
Cash included in furniture, fixtures and equipment replacement fund 231 203
Total cash and cash equivalents and restricted cash shown in the statements of cash flows 1,582 770
Total interest paid 39 40
Income taxes paid (refunds received) $ 2 $ (1)