XML 19 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
NET INCOME $ 189 $ 256
Adjustments to reconcile to cash provided by operations:    
Depreciation and amortization 170 178
Amortization of finance costs, discounts and premiums, net 2 2
Stock compensation expense 4 3
Gain on sale of assets (5) (120)
Equity in earnings of affiliates (5) (10)
Change in due from managers (76) (63)
Distributions from investments in affiliates   4
Changes in other assets 17 7
Changes in other liabilities (89) (9)
Net cash provided by operating activities 207 248
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 276 181
Advances to and investments in affiliates (1) (3)
Acquisitions (593) (1,019)
Capital expenditures:    
Renewals and replacements (58) (86)
Return on investment (52) (29)
Property insurance proceeds   1
Net cash used in investing activities (428) (955)
FINANCING ACTIVITIES    
Draws on credit facility   310
Dividends on common stock (186) (185)
Distributions and payments to non-controlling interests (70) (2)
Other financing activities (5) (4)
Net cash provided by (used in) financing activities (261) 119
Effects of exchange rate changes on cash held   (1)
DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (482) (589)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 1,756 1,109
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 1,274 520
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 1,082 323
Restricted cash (included in other assets) 1 1
Furniture, fixtures and equipment replacement fund 191 196
Total cash and cash equivalents and restricted cash shown in the statements of cash flows 1,274 520
Total interest paid 39 38
Income taxes paid 66 1
HOST HOTELS & RESORTS L.P.    
OPERATING ACTIVITIES    
NET INCOME 189 256
Adjustments to reconcile to cash provided by operations:    
Depreciation and amortization 170 178
Amortization of finance costs, discounts and premiums, net 2 2
Stock compensation expense 4 3
Gain on sale of assets (5) (120)
Equity in earnings of affiliates (5) (10)
Change in due from managers (76) (63)
Distributions from investments in affiliates   4
Changes in other assets 17 7
Changes in other liabilities (89) (9)
Net cash provided by operating activities 207 248
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 276 181
Advances to and investments in affiliates (1) (3)
Acquisitions (593) (1,019)
Capital expenditures:    
Renewals and replacements (58) (86)
Return on investment (52) (29)
Property insurance proceeds   1
Net cash used in investing activities (428) (955)
FINANCING ACTIVITIES    
Draws on credit facility   310
Distributions on common OP units (188) (187)
Distributions and payments to non-controlling interests (68)  
Other financing activities (5) (4)
Net cash provided by (used in) financing activities (261) 119
Effects of exchange rate changes on cash held   (1)
DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (482) (589)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 1,756 1,109
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 1,274 520
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 1,082 323
Restricted cash (included in other assets) 1 1
Furniture, fixtures and equipment replacement fund 191 196
Total cash and cash equivalents and restricted cash shown in the statements of cash flows 1,274 520
Total interest paid 39 38
Income taxes paid $ 66 $ 1