EX-99.1 5 d339528dex991.htm EXHIBIT 99.1 Exhibit 99.1

Exhibit 99.1

 

Item 6. Selected Financial Data (Host Hotels & Resorts, Inc.)

The following table presents certain selected historical financial data which has been derived from audited consolidated financial statements for the five years ended December 31, 2011. The following information should be read in conjunction with the consolidated financial statements and related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”:

 

     Calendar year  
     2011     2010     2009     2008      2007  
     (in millions, except per share amounts)  

Income Statement Data:

           

Revenues

   $ 4,957      $ 4,393      $ 4,103      $ 5,069       $ 5,177   

Income (loss) from continuing operations

     (16     (128     (197     379         529   

Income (loss) from discontinued operations, net of tax (1)

     —          (4     (61     35         205   

Net income (loss)

     (16     (132     (258     414         734   

Net income (loss) attributable to Host Hotels & Resorts, Inc.

     (15     (130     (252     395         703   

Net income (loss) available to common stockholders

     (15     (138     (261     386         694   

Basic earnings (loss) per common share :

           

Income (loss) from continuing operations

     (.02     (.20     (.34     .67         .94   

Income (loss) from discontinued operations

     —          (.01     (.11     .07         .39   

Net income (loss)

     (.02     (.21     (.45     .74         1.33   

Diluted earnings (loss) per common share:

           

Income (loss) from continuing operations

     (.02     (.20     (.34     .66         .93   

Income (loss) from discontinued operations

     —          (.01     (.11     .06         .39   

Net income (loss)

     (.02     (.21     (.45     .72         1.32   

Dividends declared per common share

     .14        .04        .25        .65         1.00   

Balance Sheet Data:

           

Total assets

   $ 13,068      $ 12,411      $ 12,555      $ 11,950       $ 11,811   

Debt

     5,753        5,477        5,837        5,876         5,515   

Preferred stock

     —          —          97        97         97   

 

(1) Discontinued operations reflects the operations of properties classified as held for sale, the results of operations of properties prior to their disposition and the gain or loss on those dispositions.