Financial Report

7/21/2019 Financial Report

http://slidepdf.com/reader/full/financial-report-56d97f31cb017 1/41

In Millions

ASSETS

Property and equipment, net

Due from managers

Investments in aliates

Deferred nancing costs, netFurniture, xtures and equipment replacement fund

Other

Restricted cash

ash and cash equivalents

!otal assets

Debt

"ortgage de#t

redit facility

Other

!otal de#t

$ccounts paya#le and accrued expensesOther

!otal lia#ilities

%on&controlling interests&'ost 'otels ( Resorts, )*P*

Host Hotels & Resorts Inc. stockholders' equity:

$dditional paid&in capital

$ccumulated other comprehensive income

Decit

!otal equity of 'ost 'otels ( Resorts Inc* stoc+holders

%on&controlling interests&other consolidated partnerships

!otal equity !otal lia#ilities, non&controlling interests and equity

Oer!tions "#SD $%

discount, of xchangea#le -enior De#entures

outstanding

issued and outstanding, respectively



./0,112 ./0,314

56 25

/77 664

72 72/14 //4

686 600

74 77

/,0/4 508

/6,023 //,450

7,616 1,471

/,66/ /,712

0 7/0

82 83

5,514 5,832

/10 //460/ /81

5,830 2,/38

/67 /58

43 43

2 5

2,5/3 5,828

2 5

9535: 9185:

2,05/ 5,540

66 67

2,031 5,2/7./6,023 .//,450



In Millions ecet (er Sh!re d!t!

-enior notes, xchangea#le -enior De#entures

umulative redeema#le preferred stoc+, liquidation preference

umulative redeema#le preferred stoc+, shares authori;ed

umulative redeema#le preferred stoc+, shares issued

umulative redeema#le preferred stoc+, shares outstandingommon stoc+, par value

ommon stoc+, shares authori;ed

ommon stoc+, shares issued

ommon stoc+, shares outstanding

Oer!tions "(!renthetic!l% "#SD $%



.866 .4/2

./00 ./00

50 50

7 7

7 7.0*0/ .0*0/

/,050 350

2/3*3 565*1

2/3*3 565*1



St!te)ent O* Inco)e Altern!ti+e "#SD $%

In Millions ecet (er Sh!re d!t!

RE,E-#ES

Rooms

Food and #everage

Other

!otal hotel salesRental income

!otal revenues

E(E-SES

Rooms

Food and #everage

'otel departmental expenses

"anagement fees

Other property&level expenses

Depreciation and amorti;ation

orporate and other expenses

<ain on insurance settlement

!otal operating costs and expensesOPR$!I%< PROFI! 9)O--:

Interest income

Interest expense

%et gains on property transactions and other

<ain on foreign currency transactions and derivatives

quity in earnings 9losses: of aliates

I%O" 9)O--: =FOR I%O" !$>-

=enet 9provision: for income taxes

I%O" 9)O--: FRO" O%!I%?I%< OPR$!IO%-

Income 9loss: from discontinued operations

%! I%O" 9)O--:

)ess@ %et 9income: loss attri#uta#le to non&controlling interests%! I%O" 9)O--: $!!RI=?!$=) !O 'O-! 'O!)- ( R-OR!-, I%*

)ess@ Dividends on preferred stoc+

%! I%O" 9)O--: $A$I)$=) !O O""O% -!OB'O)DR-

/!sic e!rnin0s "loss% er co))on sh!re:

ontinuing operations

Discontinued operations

=asic earnings 9loss: per common share

Diluted e!rnin0s "loss% er co))on sh!re:

ontinuing operations

Discontinued operations

Diluted earnings 9loss: per common share



.534 .312 ./,303

676 107 81/

24 33 665

840 /,//3 6,32166 66 32

4/6 /,/14 6,814

/24 /82 730

605 674 217

621 105 325

11 78 /02

45 84 63/

/18 /10 738

/4 /7 5/

0 0 0

466 /,06/ 6,3359/0: //8 27

/ 7 5

945: 940: 9627:

// 0 /1

/ 0 5

96: / 912:

947: 11 96/1:

65 97: 64

924: 64 9/87:

// /8 91:

958: 73 9/83:

1 0 5955: 73 9/86:

96: 96: 92:

9.53: .75 9./88:

9.0*//: .0*05 9.0*11:

.0*06 .0*07 .0

9.0*04: .0*04 9.0*11:

9.0*//: .0*05 9.0*11:

.0*06 .0*07 .0

9.0*04: .0*04 9.0*11:



.6,/34

/,026

618

1,73434

1,558

511

38/

831

/30

627

133

75

93:

1,012566

/1

9626:

6

0

1

638

9//:

623

12

101

9/8:685

92:

.634

.0*72

.0*03

.0*51

.0*72

.0*03

.0*51



St!te)ent O* 1!sh 2lo3s Indirect "#SD $%

In Millions

O(ERATI-4 A1TI,ITIES

%et income 9loss:

Discontinued oer!tions:

<ain on dispositions

DepreciationDepreciation and amorti;ation

$morti;ation of deferred nancing costs

$morti;ation of de#t premiumsCdiscounts, net

Deferred income taxes

%et gains on property transactions and other

<ains on foreign currency transactions and derivatives

<ain on extinguishment of de#t

quity in 9earnings: losses of aliates, net

Distri#utions from equity investments

hange in due from managers

hanges in other assets

hanges in other lia#ilitiesash provided #y operations

I-,ESTI-4 A1TI,ITIES

Proceeds from sales of assets, net

Proceeds from sale of interest in =" oint Aenture ))

Investments in aliates

Return of capital from aliates

1!it!l eenditures:

ReneEals and replacements

Repositionings and other investments

hange in furniture, xtures and equipment 9FF(: replacement fund

hange in restricted cash designated for FF( replacement fund

Otherash used in investing activities

2I-A-1I-4 A1TI,ITIES

Financing costs

Issuances of de#t

Repayments on credit facility

Repurchase of senior notes, including exchangea#le de#entures

De#t prepayments and scheduled maturities

-cheduled principal repayments

ommon stoc+ issuance

ommon stoc+ repurchase

Dividends on common stoc+

Dividends on preferred stoc+Distri#utions to non&controlling interests

hange in restricted cash other than FF( replacement fund

ash provided #y 9used in: nancing activities

I%R$- I% $-' $%D $-' ?IA$)%!-

$-' $%D $-' ?IA$)%!-, =<I%%I%< OF PRIOD

$-' $%D $-' ?IA$)%!-, %D OF PRIOD

Sule)ent!l disclosure o* c!sh 5o3 in*or)!tion "in )illions%:

Interest paid



Income taxes paid



9./83: .101

963: 967:

13 //738 133

// 8

66 61

911: 5

9/1: 96:

95: 0

97: 0

12 91:

/ 1

// 3

9/4: 9//:

26 /8130 3/5

/44 18

/1 0

0 9/8:

14 0

9//7: 9675:

9/7/: 96/8:

960: /

9//: /

0 94:915: 9750:

9/0: 98:

502 5/0

97/0: 0

9//5: 0

9176: 96//:

9//: 9/6:

588 0

0 9/00:

962: 97/3:

93: 93:91: 961:

2 4

/32 9654:

5// 2

508 788

/,0/4 747

6/2 6/1



.7 .2



6.Or0!ni7!tion

-otes to 2in!nci!l St!te)ents 8Abstr!ct9

/*Organi;ation



.Su))!ry o* Si0ni;c!nt Accountin0 (olicies


6*-ummary of -ignicant $ccounting Policies



<.E!rnin0s er 1o))on Sh!re


1*arnings per ommon -hare



=.(roerty !nd Equi)ent


7*Property and quipment



>.In+est)ents in A?li!tes


5*Investments in $liates



@.Debt


2*De#t



.Stockholder's Equity


3*-toc+holderGs quity



B.E)loyee Stock (l!ns


8*mployee -toc+ Plans



C.4eo0r!hic In*or)!tion


4*<eographic Information



6.1o)rehensi+e Inco)e


/0*omprehensive Income



66.Disositions


//*Dispositions



6.2!ir ,!lue o* 2in!nci!l Instru)ents


/6*Fair Aalue of Financial Instruments



6<.iti0!tion


/1*)itigation



Docu)ent In*or)!tion

Docu)ent In*or)!tion 8Tet /lock9

Document !ype

$mendment Flag

Document Period nd Date



/0&

false

6004&04&//



Entity In*or)!tion "#SD $%

Entity 8Tet /lock9

!rading -ym#ol

ntity Registrant %ame

ntity entral Index Bey

urrent Fiscal Hear nd Datentity Filer ategory

ntity ommon -toc+, -hares Outstanding



'-!

000/030350

&&/6&1/)arge $ccelerated Filer

2/3,318,38/

'O-! 'O!)- ( R-OR!-,

Financial Report

Documents

Transcript of Financial Report