XML 22 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
NET INCOME $ 161 $ 184
Adjustments to reconcile to cash provided by operations:    
Depreciation and amortization 180 181
Amortization of finance costs, discounts and premiums, net 1 2
Stock compensation expense 3 3
Deferred income taxes (6) (9)
Gain on sale of assets (17) (59)
(Gain) loss on foreign currency transactions and derivatives 2 (1)
Gain on property insurance settlement   (1)
Equity in earnings of affiliates (7) (2)
Change in due from managers (77) (83)
Distributions from investments in affiliates   12
Changes in other assets (12) 9
Changes in other liabilities (19) (17)
Cash provided by operating activities 209 219
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 160 115
Return of investments in affiliates 3 7
Advances to and investments in affiliates   (1)
Acquisitions (467)  
Capital expenditures:    
Renewals and replacements (64) (89)
Redevelopment and acquisition-related investments (16) (79)
Cash used in investing activities (384) (47)
FINANCING ACTIVITIES    
Financing costs (3)  
Issuances of debt 398  
Draws on credit facility 340 170
Repayment of credit facility (340) (70)
Mortgage debt and other prepayments and scheduled maturities   (20)
Common stock repurchase   (81)
Dividends on common stock (185) (150)
Other financing activities (2) (1)
Cash provided by (used in) financing activities 208 (152)
Effects of exchange rate changes on cash held 4 4
INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 37 24
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 547 377
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 584 401
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 411 234
Restricted cash 2 15
Cash included in Furniture, fixtures and equipment replacement fund 171 152
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 584 401
Total interest paid 37 34
Income taxes paid 1 2
HOST HOTELS & RESORTS L.P.    
OPERATING ACTIVITIES    
NET INCOME 161 184
Adjustments to reconcile to cash provided by operations:    
Depreciation and amortization 180 181
Amortization of finance costs, discounts and premiums, net 1 2
Stock compensation expense 3 3
Deferred income taxes (6) (9)
Gain on sale of assets (17) (59)
(Gain) loss on foreign currency transactions and derivatives 2 (1)
Gain on property insurance settlement   (1)
Equity in earnings of affiliates (7) (2)
Change in due from managers (77) (83)
Distributions from investments in affiliates   12
Changes in other assets (12) 9
Changes in other liabilities (19) (17)
Cash provided by operating activities 209 219
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 160 115
Return of investments in affiliates 3 7
Advances to and investments in affiliates   (1)
Acquisitions (467)  
Capital expenditures:    
Renewals and replacements (64) (89)
Redevelopment and acquisition-related investments (16) (79)
Cash used in investing activities (384) (47)
FINANCING ACTIVITIES    
Financing costs (3)  
Issuances of debt 398  
Draws on credit facility 340 170
Repayment of credit facility (340) (70)
Mortgage debt and other prepayments and scheduled maturities   (20)
Repurchase of common OP units   (81)
Distributions on common OP units (187) (151)
Cash provided by (used in) financing activities 208 (152)
Effects of exchange rate changes on cash held 4 4
INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 37 24
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 547 377
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 584 401
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 411 234
Restricted cash 2 15
Cash included in Furniture, fixtures and equipment replacement fund 171 152
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 584 401
Total interest paid 37 34
Income taxes paid $ 1 $ 2