financial report
DESCRIPTION
Financial ReportTRANSCRIPT
7/21/2019 Financial Report
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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
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./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
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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 $%
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.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
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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
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.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:
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.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
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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
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Income taxes paid
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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
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.7 .2
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6.Or0!ni7!tion
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
/*Organi;ation
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.Su))!ry o* Si0ni;c!nt Accountin0 (olicies
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
6*-ummary of -ignicant $ccounting Policies
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<.E!rnin0s er 1o))on Sh!re
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
1*arnings per ommon -hare
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=.(roerty !nd Equi)ent
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
7*Property and quipment
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>.In+est)ents in A?li!tes
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
5*Investments in $liates
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@.Debt
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
2*De#t
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.Stockholder's Equity
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
3*-toc+holderGs quity
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B.E)loyee Stock (l!ns
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
8*mployee -toc+ Plans
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C.4eo0r!hic In*or)!tion
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
4*<eographic Information
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6.1o)rehensi+e Inco)e
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
/0*omprehensive Income
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66.Disositions
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
//*Dispositions
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6.2!ir ,!lue o* 2in!nci!l Instru)ents
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
/6*Fair Aalue of Financial Instruments
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6<.iti0!tion
-otes to 2in!nci!l St!te)ents 8Abstr!ct9
/1*)itigation
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Docu)ent In*or)!tion
Docu)ent In*or)!tion 8Tet /lock9
Document !ype
$mendment Flag
Document Period nd Date
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/0&
false
6004&04&//
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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
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'-!
000/030350
&&/6&1/)arge $ccelerated Filer
2/3,318,38/
'O-! 'O!)- ( R-OR!-,