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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES        
Rooms $ 940 $ 933 $ 1,783 $ 1,776
Food and beverage 416 439 838 847
Other 85 87 168 175
Total revenues 1,441 1,459 2,789 2,798
EXPENSES        
Rooms 230 228 449 449
Food and beverage 275 289 552 573
Other departmental and support expenses 324 332 643 660
Management fees 69 66 125 123
Other property-level expenses 97 100 197 193
Depreciation and amortization 178 178 358 359
Corporate and other expenses 26 27 55 54
Gain on insurance and business interruption settlements (2)   (5) (3)
Total operating costs and expenses 1,197 1,220 2,374 2,408
OPERATING PROFIT 244 239 415 390
Interest income 1   2 1
Interest expense (43) (39) (82) (78)
Gain on sale of assets 29 172 46 231
Gain (loss) on foreign currency transactions and derivatives   2 (2) 3
Equity in earnings of affiliates 8 9 15 11
INCOME BEFORE INCOME TAXES 239 383 394 558
Provision for income taxes (27) (32) (21) (23)
NET INCOME 212 351 373 535
Less: Net (income) loss attributable to non-controlling interests (2) (4) (5) (6)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY $ 210 $ 347 $ 368 $ 529
Basic earnings per common share $ 0.28 $ 0.47 $ 0.50 $ 0.71
Diluted earnings per common share $ 0.28 $ 0.47 $ 0.50 $ 0.71
HOST HOTELS & RESORTS L.P.        
REVENUES        
Rooms $ 940 $ 933 $ 1,783 $ 1,776
Food and beverage 416 439 838 847
Other 85 87 168 175
Total revenues 1,441 1,459 2,789 2,798
EXPENSES        
Rooms 230 228 449 449
Food and beverage 275 289 552 573
Other departmental and support expenses 324 332 643 660
Management fees 69 66 125 123
Other property-level expenses 97 100 197 193
Depreciation and amortization 178 178 358 359
Corporate and other expenses 26 27 55 54
Gain on insurance and business interruption settlements (2)   (5) (3)
Total operating costs and expenses 1,197 1,220 2,374 2,408
OPERATING PROFIT 244 239 415 390
Interest income 1   2 1
Interest expense (43) (39) (82) (78)
Gain on sale of assets 29 172 46 231
Gain (loss) on foreign currency transactions and derivatives   2 (2) 3
Equity in earnings of affiliates 8 9 15 11
INCOME BEFORE INCOME TAXES 239 383 394 558
Provision for income taxes (27) (32) (21) (23)
NET INCOME 212 351 373 535
Less: Net (income) loss attributable to non-controlling interests   1 (1) 1
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY $ 212 $ 352 $ 372 $ 536
Basic earnings per common share $ 0.29 $ 0.48 $ 0.51 $ 0.72
Diluted earnings per common share $ 0.29 $ 0.48 $ 0.51 $ 0.72