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Condensed Consolidated Statements Of Cash Flows
In Millions, unless otherwise specified
9 Months Ended
Sep. 07, 2012
HOST HOTELS & RESORTS, INC.
USD ($)
Sep. 30, 2013
HOST HOTELS & RESORTS, INC.
USD ($)
Sep. 07, 2012
HOST HOTELS & RESORTS L.P.
USD ($)
Sep. 30, 2013
HOST HOTELS & RESORTS L.P.
USD ($)
OPERATING ACTIVITIES        
NET INCOME (LOSS) $ 48 $ 199 $ 48 $ 199
Discontinued operations:        
Gain on dispositions (48) (32) (48) (32)
Depreciation 19 5 19 5
Depreciation and amortization 454 524 454 524
Amortization of finance costs, discounts and premiums, net 14 19 14 19
Stock compensation expense 14 12 14 12
Deferred income taxes 4 11 4 11
Net gains on property transactions and other (3) (33) (3) (33)
(Gain) loss on foreign currency transactions and derivatives 2 (2) 2 (2)
Non-cash loss on extinguishment of debt 8 13 8 13
Equity in earnings of affiliates (2) (3) (2) (3)
Change in due from managers (61) (12) (61) (12)
Changes in other assets (3) 17 (3) 17
Changes in other liabilities (22) (21) (22) (21)
Cash provided by operating activities 424 697 424 697
INVESTING ACTIVITIES        
Proceeds from sales of assets, net 113 446 113 446
Acquisitions (441) (139) (441) (139)
Advances to and investments in affiliates (31) (71) (31) (71)
Capital expenditures:        
Renewals and replacements (245) (239) (245) (239)
Redevelopment and acquisition-related investments (211) (100) (211) (100)
New development   (15)   (15)
Change in furniture, fixtures and equipment (“FF&E”) replacement fund (11) (34) (11) (34)
Property insurance proceeds 4   4  
Cash used in investing activities (822) (152) (822) (152)
FINANCING ACTIVITIES        
Financing costs (17) (4) (17) (4)
Issuances of debt 900 400 900 400
Draws on credit facility 135 168 135 168
Term loan issuance 500   500  
Repayment on credit facility (8) (200) (8) (200)
Repurchase/redemption of senior notes (1,693) (801) (1,693) (801)
Mortgage debt prepayments and scheduled maturities (113) (246) (113) (246)
Scheduled principal repayments (2) (1) (2) (1)
Issuance of common stock 255 303    
Dividends on common stock (129) (222)    
Contributions from non-controlling interests 1 4 1 4
Distributions to non-controlling interests (5) (7) (3) (4)
Change in restricted cash for financing activities 1   1  
Cash used in financing activities (175) (606) (175) (606)
Issuance of common OP units     255 303
Distributions on common OP units     (131) (225)
Effects of exchange rate changes on cash held 1 (2) 1 (2)
DECREASE IN CASH AND CASH EQUIVALENTS (572) (63) (572) (63)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 826 417 826 417
CASH AND CASH EQUIVALENTS, END OF PERIOD 254 354 254 354
Supplemental disclosure of cash flow information:        
Interest paid – periodic interest expense 233 204 233 204
Interest paid – debt extinguishments 19 23 19 23
Total interest paid 252 227 252 227
Income taxes paid $ 9 $ 13 $ 9 $ 13