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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Rooms $ 860 $ 879 $ 2,643 $ 2,655
Food and beverage 314 336 1,152 1,183
Other 80 80 248 255
Total revenues 1,254 1,295 4,043 4,093
EXPENSES        
Rooms 227 225 676 674
Food and beverage 242 257 794 830
Other departmental and support expenses 309 321 952 981
Management fees 53 54 178 177
Other property-level expenses 97 96 294 289
Depreciation and amortization 176 182 534 541
Corporate and other expenses 24 28 79 82
Gain on insurance and business interruption settlements (1) (12) (6) (15)
Total operating costs and expenses 1,127 1,151 3,501 3,559
OPERATING PROFIT 127 144 542 534
Interest income 2   4 2
Interest expense (43) (38) (125) (116)
Gain on sale of assets 59 14 105 245
Gain (loss) on foreign currency transactions and derivatives (2) (1) (4) 1
Equity in earnings of affiliates 4 8 19 19
INCOME BEFORE INCOME TAXES 147 127 541 685
Provision for income taxes (42) (19) (63) (42)
NET INCOME 105 108 478 643
Less: Net (income) loss attributable to non-controlling interests (1) (1) (6) (7)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY $ 104 $ 107 $ 472 $ 636
Basic earnings per common share $ 0.14 $ 0.14 $ 0.64 $ 0.85
Diluted earnings per common share $ 0.14 $ 0.14 $ 0.64 $ 0.85
HOST HOTELS & RESORTS L.P.        
REVENUES        
Rooms $ 860 $ 879 $ 2,643 $ 2,655
Food and beverage 314 336 1,152 1,183
Other 80 80 248 255
Total revenues 1,254 1,295 4,043 4,093
EXPENSES        
Rooms 227 225 676 674
Food and beverage 242 257 794 830
Other departmental and support expenses 309 321 952 981
Management fees 53 54 178 177
Other property-level expenses 97 96 294 289
Depreciation and amortization 176 182 534 541
Corporate and other expenses 24 28 79 82
Gain on insurance and business interruption settlements (1) (12) (6) (15)
Total operating costs and expenses 1,127 1,151 3,501 3,559
OPERATING PROFIT 127 144 542 534
Interest income 2   4 2
Interest expense (43) (38) (125) (116)
Gain on sale of assets 59 14 105 245
Gain (loss) on foreign currency transactions and derivatives (2) (1) (4) 1
Equity in earnings of affiliates 4 8 19 19
INCOME BEFORE INCOME TAXES 147 127 541 685
Provision for income taxes (42) (19) (63) (42)
NET INCOME 105 108 478 643
Less: Net (income) loss attributable to non-controlling interests 1     1
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY $ 106 $ 108 $ 478 $ 644
Basic earnings per common share $ 0.14 $ 0.15 $ 0.65 $ 0.87
Diluted earnings per common share $ 0.14 $ 0.15 $ 0.65 $ 0.87