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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES      
Total revenues $ 4,998 $ 4,428 $ 4,135
EXPENSES      
Interest expense (371) [1] (384) [1] (379) [2]
LOSS BEFORE INCOME TAXES (13) (159) (236)
Less: Net loss attributable to non-controlling interests   2 5
HOST HOTELS & RESORTS, INC.
     
REVENUES      
Rooms 3,022 2,661 2,484
Food and beverage 1,427 1,291 1,234
Other 296 277 310
Owned hotel revenues 4,745 4,229 4,028
Other revenues 253 199 107
Total revenues 4,998 4,428 4,135
EXPENSES      
Rooms 832 734 681
Food and beverage 1,062 965 933
Other departmental and support expenses 1,261 1,151 1,099
Management fees 189 171 158
Other property-level expenses 569 488 386
Depreciation and amortization 652 591 613
Corporate and other expenses 111 108 116
Gain on insurance settlement (2) (3)  
Total operating costs and expenses 4,674 4,205 3,986
OPERATING PROFIT 324 223 149
Interest income 20 8 7
Interest expense (371) (384) (379)
Net gains on property transactions and other 7 1 14
Gain (loss) on foreign currency transactions and derivatives 3 (6) 5
Equity in earnings (losses) of affiliates 4 (1) (32)
LOSS BEFORE INCOME TAXES (13) (159) (236)
Benefit for income taxes 1 31 39
LOSS FROM CONTINUING OPERATIONS (12) (128) (197)
Loss from discontinued operations, net of tax (4) (4) (61)
NET LOSS (16) (132) (258)
Less: Net loss attributable to non-controlling interests 1 2 6
NET LOSS ATTRIBUTABLE TO REPORTING ENTITY (15) (130) (252)
Less: Dividends on preferred stock   (4) (9)
Issuance costs of redeemed preferred stock   (4)  
Loss available to common stockholders (15) (138) (261)
Basic loss per common share:      
Continuing operations $ (0.01) $ (0.20) $ (0.34)
Discontinued operations $ (0.01) $ (0.01) $ (0.11)
Basic loss per common share $ (0.02) $ (0.21) $ (0.45)
Diluted loss per common share:      
Continuing operations $ (0.01) $ (0.20) $ (0.34)
Discontinued operations $ (0.01) $ (0.01) $ (0.11)
Diluted loss per common share $ (0.02) $ (0.21) $ (0.45)
HOST HOTELS & RESORTS L.P.
     
REVENUES      
Rooms 3,022 2,661 2,484
Food and beverage 1,427 1,291 1,234
Other 296 277 310
Owned hotel revenues 4,745 4,229 4,028
Other revenues 253 199 107
Total revenues 4,998 4,428 4,135
EXPENSES      
Rooms 832 734 681
Food and beverage 1,062 965 933
Other departmental and support expenses 1,261 1,151 1,099
Management fees 189 171 158
Other property-level expenses 569 488 386
Depreciation and amortization 652 591 613
Corporate and other expenses 111 108 116
Gain on insurance settlement (2) (3)  
Total operating costs and expenses 4,674 4,205 3,986
OPERATING PROFIT 324 223 149
Interest income 20 8 7
Interest expense (371) (384) (379)
Net gains on property transactions and other 7 1 14
Gain (loss) on foreign currency transactions and derivatives 3 (6) 5
Equity in earnings (losses) of affiliates 4 (1) (32)
LOSS BEFORE INCOME TAXES (13) (159) (236)
Benefit for income taxes 1 31 39
LOSS FROM CONTINUING OPERATIONS (12) (128) (197)
Loss from discontinued operations, net of tax (4) (4) (61)
NET LOSS (16) (132) (258)
Less: Net loss attributable to non-controlling interests 1   1
NET LOSS ATTRIBUTABLE TO REPORTING ENTITY (15) (132) (257)
Issuance costs of redeemed preferred stock   (4) [3]  
Diluted loss per common share:      
Less: Distributions on preferred units   (4) (9)
Loss available to common unitholders $ (15) $ (140) $ (266)
Basic loss per common unit:      
Continuing operations (0.01) (0.21) (0.34)
Discontinued operations (0.01)   (0.10)
Basic loss per common unit (0.02) (0.21) (0.44)
Diluted loss per common unit:      
Continuing operations (0.01) (0.21) (0.35)
Discontinued operations (0.01)   (0.10)
Diluted loss per common unit (0.02) (0.21) (0.45)
[1] Interest expense and interest paid for 2011 and 2010 includes cash prepayment premiums of approximately $5 million and $20 million, respectively. No significant prepayment premium was paid in 2009.
[2] Interest expense and interest paid for 2009 is net of $7 million received in connection with the 2007 defeasance of $514 million in collateralized mortgage-backed securities.
[3] Represents the original issuance costs associated with the Class E preferred OP units, which units were redeemed during 2010.