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Earnings Per Common Share (Unit) (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Common Share (Unit)

The calculation of Host Inc. basic and diluted earnings per common share is shown below (in millions, except per share amounts):

 

 

 

Quarter ended

September 30,

 

 

Year-to-date ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income

 

$

105

 

 

$

108

 

 

$

478

 

 

$

643

 

Less: Net income attributable to non-controlling

     interests

 

 

(1

)

 

 

(1

)

 

 

(6

)

 

 

(7

)

Net income attributable to Host Inc.

 

$

104

 

 

$

107

 

 

$

472

 

 

$

636

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

738.8

 

 

 

740.6

 

 

 

738.5

 

 

 

744.8

 

Assuming distribution of common shares granted

     under the comprehensive stock plans, less

     shares assumed purchased at market

 

 

0.2

 

 

 

0.5

 

 

 

0.2

 

 

 

0.4

 

Diluted weighted average shares outstanding

 

 

739.0

 

 

 

741.1

 

 

 

738.7

 

 

 

745.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

.14

 

 

$

.14

 

 

$

.64

 

 

$

.85

 

Diluted earnings per common share

 

$

.14

 

 

$

.14

 

 

$

.64

 

 

$

.85

 

 

HOST HOTELS & RESORTS L.P.  
Earnings Per Common Share (Unit)

The calculation of Host L.P. basic and diluted earnings per unit is shown below (in millions, except per unit amounts):

 

 

 

Quarter ended

September 30,

 

 

Year-to-date ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income

 

$

105

 

 

$

108

 

 

$

478

 

 

$

643

 

Less: Net loss attributable to non-controlling

     interests

 

 

1

 

 

 

 

 

 

 

 

 

1

 

Net income attributable to Host L.P.

 

$

106

 

 

$

108

 

 

$

478

 

 

$

644

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average units outstanding

 

 

731.6

 

 

 

733.8

 

 

 

731.4

 

 

 

738.1

 

Assuming distribution of common units to

     support shares granted under the

     comprehensive stock plans, less shares

     assumed purchased at market

 

 

0.2

 

 

 

0.5

 

 

 

0.2

 

 

 

0.4

 

Diluted weighted average units outstanding

 

 

731.8

 

 

 

734.3

 

 

 

731.6

 

 

 

738.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common unit

 

$

.14

 

 

$

.15

 

 

$

.65

 

 

$

.87

 

Diluted earnings per common unit

 

$

.14

 

 

$

.15

 

 

$

.65

 

 

$

.87