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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
NET INCOME $ 643 $ 400
Adjustments to reconcile to cash provided by operations:    
Depreciation and amortization 541 528
Amortization of finance costs, discounts and premiums, net 4 19
Non-cash loss on extinguishment of debt   6
Stock compensation expense 8 9
Deferred income taxes 29 4
Gain on sale of assets (245) (62)
(Gain) loss on foreign currency transactions and derivatives (1) 3
Gain on property insurance settlement (1) (4)
Equity in earnings of affiliates (19) (31)
Change in due from managers (63) (57)
Distributions from equity investments 20 14
Changes in other assets 1 22
Changes in other liabilities   (49)
Cash provided by operating activities 917 802
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 467 183
Return of investment 23 21
Advances to and investments in affiliates (4) (4)
Acquisitions (54) (402)
Capital expenditures:    
Renewals and replacements (218) (293)
Redevelopment and acquisition-related investments (187) (175)
Change in furniture, fixtures and equipment ("FF&E") replacement fund (53) (23)
Change in restricted cash for investing activities 13 (15)
Property insurance proceeds   11
Cash used in investing activities (13) (697)
FINANCING ACTIVITIES    
Financing costs   (7)
Issuances of debt   499
Draws on credit facility 598 485
Term loan issuance   300
Repayment of credit facility (590) (460)
Repurchase/redemption of senior notes   (500)
Mortgage debt and other prepayments and scheduled maturities (137)  
Common stock repurchase (206) (330)
Dividends on common stock (448) (498)
Other financing activities (6) (6)
Cash used in financing activities (789) (517)
Effects of exchange rate changes on cash held 4 (14)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 119 (426)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 221 666
CASH AND CASH EQUIVALENTS, END OF PERIOD 340 240
Supplemental disclosure of cash flow information:    
Interest paid - periodic interest expense 105 128
Interest paid - debt extinguishments   15
Total interest paid 105 143
Income taxes paid 14 6
HOST HOTELS & RESORTS L.P.    
OPERATING ACTIVITIES    
NET INCOME 643 400
Adjustments to reconcile to cash provided by operations:    
Depreciation and amortization 541 528
Amortization of finance costs, discounts and premiums, net 4 19
Non-cash loss on extinguishment of debt   6
Stock compensation expense 8 9
Deferred income taxes 29 4
Gain on sale of assets (245) (62)
(Gain) loss on foreign currency transactions and derivatives (1) 3
Gain on property insurance settlement (1) (4)
Equity in earnings of affiliates (19) (31)
Change in due from managers (63) (57)
Distributions from equity investments 20 14
Changes in other assets 1 22
Changes in other liabilities   (49)
Cash provided by operating activities 917 802
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 467 183
Return of investment 23 21
Advances to and investments in affiliates (4) (4)
Acquisitions (54) (402)
Capital expenditures:    
Renewals and replacements (218) (293)
Redevelopment and acquisition-related investments (187) (175)
Change in furniture, fixtures and equipment ("FF&E") replacement fund (53) (23)
Change in restricted cash for investing activities 13 (15)
Property insurance proceeds   11
Cash used in investing activities (13) (697)
FINANCING ACTIVITIES    
Financing costs   (7)
Issuances of debt   499
Draws on credit facility 598 485
Term loan issuance   300
Repayment of credit facility (590) (460)
Repurchase/redemption of senior notes   (500)
Mortgage debt and other prepayments and scheduled maturities (137)  
Repurchase of common OP units (206) (330)
Distributions on common OP units (453) (505)
Other financing activities (1) 1
Cash used in financing activities (789) (517)
Effects of exchange rate changes on cash held 4 (14)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 119 (426)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 221 666
CASH AND CASH EQUIVALENTS, END OF PERIOD 340 240
Supplemental disclosure of cash flow information:    
Interest paid - periodic interest expense 105 128
Interest paid - debt extinguishments   15
Total interest paid 105 143
Income taxes paid $ 14 $ 6