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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
NET INCOME $ 771 $ 565 $ 741
Adjustments to reconcile to cash provided by operations:      
Depreciation and amortization 724 708 693
Amortization of finance costs, discounts and premiums, net 7 21 24
Non-cash loss on extinguishment of debt [1]   11 2
Stock compensation expense 12 11 22
Deferred income taxes 27 5 (1)
Gain on sale of assets (253) (95) (236)
(Gain) loss on foreign currency transactions and derivatives (4) 5 1
Gain on property insurance settlement (1) (2) (1)
Equity in earnings of affiliates (21) (76) (29)
Change in due from managers (6) 17 (17)
Distributions from investments in affiliates 29 27 7
Change in restricted cash for operating activities     25
Changes in other assets 12 18 (34)
Changes in other liabilities 6 (56) (57)
Cash provided by operating activities 1,303 1,159 1,140
INVESTING ACTIVITIES      
Proceeds from sales of assets, net 467 277 497
Return of investments in affiliates 23 106 42
Advances to and investments in affiliates (5) (4) (65)
Acquisitions (63) (438) (138)
Capital expenditures:      
Renewals and replacements (293) (383) (316)
Redevelopment and acquisition-related investments (226) (275) (112)
New development     (13)
Change in furniture, fixtures and equipment ("FF&E") replacement fund (31) (10) 17
Change in restricted cash for investing activities 13 (16)  
Property insurance proceeds   11 2
Cash used in investing activities (115) (732) (86)
FINANCING ACTIVITIES      
Financing costs   (11) (4)
Issuances of debt   898 4
Draws on credit facility 734 845 4
Term loan issuance   500  
Repayment of credit facility (816) (725) (225)
Repurchase/redemption of senior notes   (1,001) (150)
Mortgage debt and other prepayments and scheduled maturities (137) (35) (384)
Issuance of common stock 4 2 4
Common stock repurchase (218) (675)  
Dividends on common stock (596) (646) (469)
Other financing activities (8) (9) 1
Cash used in financing activities (1,037) (857) (1,219)
Effects of exchange rate changes on cash held   (15) (8)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 151 (445) (173)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 221 666 839
CASH AND CASH EQUIVALENTS, END OF PERIOD 372 221 666
HOST HOTELS & RESORTS L.P.      
OPERATING ACTIVITIES      
NET INCOME 771 565 741
Adjustments to reconcile to cash provided by operations:      
Depreciation and amortization 724 708 693
Amortization of finance costs, discounts and premiums, net 7 21 24
Non-cash loss on extinguishment of debt   11 2
Stock compensation expense 12 11 22
Deferred income taxes 27 5 (1)
Gain on sale of assets (253) (95) (236)
(Gain) loss on foreign currency transactions and derivatives (4) 5 1
Gain on property insurance settlement (1) (2) (1)
Equity in earnings of affiliates (21) (76) (29)
Change in due from managers (6) 17 (17)
Distributions from investments in affiliates 29 27 7
Change in restricted cash for operating activities     25
Changes in other assets 12 18 (34)
Changes in other liabilities 6 (56) (57)
Cash provided by operating activities 1,303 1,159 1,140
INVESTING ACTIVITIES      
Proceeds from sales of assets, net 467 277 497
Return of investments in affiliates 23 106 42
Advances to and investments in affiliates (5) (4) (65)
Acquisitions (63) (438) (138)
Capital expenditures:      
Renewals and replacements (293) (383) (316)
Redevelopment and acquisition-related investments (226) (275) (112)
New development     (13)
Change in furniture, fixtures and equipment ("FF&E") replacement fund (31) (10) 17
Change in restricted cash for investing activities 13 (16)  
Property insurance proceeds   11 2
Cash used in investing activities (115) (732) (86)
FINANCING ACTIVITIES      
Financing costs   (11) (4)
Issuances of debt   898 4
Draws on credit facility 734 845 4
Term loan issuance   500  
Repayment of credit facility (816) (725) (225)
Repurchase/redemption of senior notes   (1,001) (150)
Mortgage debt and other prepayments and scheduled maturities (137) (35) (384)
Issuance of common OP units 4 2 4
Repurchase of common OP units (218) (675)  
Distributions on common OP units (603) (654) (475)
Other financing activities (1) (1) 7
Cash used in financing activities (1,037) (857) (1,219)
Effects of exchange rate changes on cash held   (15) (8)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 151 (445) (173)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 221 666 839
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 372 $ 221 $ 666
[1] Interest expense and interest paid for 2015 and 2014 include cash prepayment premiums of approximately $30 million and $2 million, respectively.