$HST
HOST HOTELS & RESORTS, INC.

2012 Q2 Form 10-Q Financial Statement

#000119312512196496 Filed on April 30, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q1
Revenue $1.326B $952.0M $893.0M
YoY Change 3.27% 6.61% 8.51%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $986.0M $780.0M $756.0M
YoY Change 0.2% 3.17% 9.72%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $152.0M $149.0M $141.0M
YoY Change 2.01% 5.67% 3.68%
% of Gross Profit
Operating Expenses $1.137B $928.0M $896.0M
YoY Change 0.44% 3.57% 8.61%
Operating Profit
YoY Change
Interest Expense -$85.00M -$85.00M -$79.00M
YoY Change 7.59% 7.59% -22.55%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $92.00M -$68.00M -$80.00M
YoY Change 22.67% -15.0% -23.08%
Income Tax $12.00M -$13.00M -$20.00M
% Of Pretax Income 13.04%
Net Earnings $82.00M -$2.000M -$60.00M
YoY Change 32.26% -96.67% -28.57%
Net Earnings / Revenue 6.18% -0.21% -6.72%
Basic Earnings Per Share
Diluted Earnings Per Share $111.7K -$2.845K -$88.59K
COMMON SHARES
Basic Shares Outstanding 719.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $465.0M $1.312B $154.0M
YoY Change -26.66% 751.95% -87.63%
Cash & Equivalents $465.0M $1.312B $154.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $542.0M $1.366B $208.0M
YoY Change -22.68% 556.73% -83.83%
LONG-TERM ASSETS
Property, Plant & Equipment $11.35B $11.34B $11.49B
YoY Change -2.48% -1.25% 13.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $211.0M $217.0M $158.0M
YoY Change 18.54% 37.34% 12.86%
Other Assets $87.00M $90.00M $82.00M
YoY Change 1.16% 9.76% 2.5%
Total Long-Term Assets $12.19B $12.22B $12.29B
YoY Change -1.68% -0.52% 14.02%
TOTAL ASSETS
Total Short-Term Assets $542.0M $1.366B $208.0M
Total Long-Term Assets $12.19B $12.22B $12.29B
Total Assets $12.74B $13.59B $12.49B
YoY Change -2.8% 8.76% 3.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $95.00M $152.0M $166.0M
YoY Change -46.63% -8.43% 1.22%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $95.00M $152.0M $166.0M
YoY Change -46.63% -8.43% 1.22%
LONG-TERM LIABILITIES
Long-Term Debt $5.226B $6.137B $5.538B
YoY Change -11.24% 10.82% 2.88%
Other Long-Term Liabilities $278.0M $267.0M $213.0M
YoY Change 33.01% 25.35% 9.79%
Total Long-Term Liabilities $5.504B $6.404B $5.751B
YoY Change -9.73% 11.35% 3.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $95.00M $152.0M $166.0M
Total Long-Term Liabilities $5.504B $6.404B $5.751B
Total Liabilities $5.795B $6.765B $6.140B
YoY Change -10.7% 10.18% 3.63%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.941B $6.822B $6.353B
YoY Change
Total Liabilities & Shareholders Equity $12.74B $13.59B $12.49B
YoY Change -2.8% 8.76% 3.59%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $82.00M -$2.000M -$60.00M
YoY Change 32.26% -96.67% -28.57%
Depreciation, Depletion And Amortization $152.0M $149.0M $141.0M
YoY Change 2.01% 5.67% 3.68%
Cash From Operating Activities $229.0M $73.00M $37.00M
YoY Change 4.57% 97.3% -24.49%
INVESTING ACTIVITIES
Capital Expenditures -$179.0M -$162.0M -$94.00M
YoY Change 22.6% 72.34% 88.0%
Acquisitions
YoY Change
Other Investing Activities $2.000M $70.00M -$1.044B
YoY Change -133.33% -106.7% -9590.91%
Cash From Investing Activities -$177.0M -$92.00M -$1.138B
YoY Change 16.45% -91.92% 2817.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -899.0M 505.0M 142.0M
YoY Change -317.68% 255.63% -134.89%
NET CHANGE
Cash From Operating Activities 229.0M 73.00M 37.00M
Cash From Investing Activities -177.0M -92.00M -1.138B
Cash From Financing Activities -899.0M 505.0M 142.0M
Net Change In Cash -847.0M 486.0M -959.0M
YoY Change -276.46% -150.68% 141.56%
FREE CASH FLOW
Cash From Operating Activities $229.0M $73.00M $37.00M
Capital Expenditures -$179.0M -$162.0M -$94.00M
Free Cash Flow $408.0M $235.0M $131.0M
YoY Change 11.78% 79.39% 32.32%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
719149595 shares
CY2012Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
13183000000
CY2012Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17354000000
CY2012Q1 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
64004 Room
CY2012Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
120 Hotel
CY2012Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
201000000
CY2012Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
2111000000
CY2012Q1 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
70000000
CY2012Q1 us-gaap Number Of Foreign Currency Derivatives Held
NumberOfForeignCurrencyDerivativesHeld
6 Contract
CY2012Q1 us-gaap Minority Interest
MinorityInterest
38000000
CY2012Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
859000000
CY2012Q1 us-gaap Land
Land
1859000000
CY2012Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6013000000
CY2012Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11341000000
CY2012Q1 hst Number Of Partnerships Consolidated
NumberOfPartnershipsConsolidated
5 Entity
CY2012Q1 hst Number Of Partnerships Consolidated With Finite Lives
NumberOfPartnershipsConsolidatedWithFiniteLives
3 Entity
CY2011Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
13168000000
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17295000000
CY2011Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
196000000
CY2011Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
2079000000
CY2011Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
67000000
CY2011Q4 us-gaap Minority Interest
MinorityInterest
36000000
CY2011Q4 us-gaap Land
Land
1852000000
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5912000000
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11383000000
CY2011 hst Number Of Properties Sold
NumberOfPropertiesSold
1 Hotel
CY2011 hst Number Of Impaired Assets
NumberOfImpairedAssets
2 Hotel
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-23
CY2012Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
2000000
CY2012Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
11000000
CY2012Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
48000000
CY2012Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Entity
CY2012Q1 us-gaap Revenues
Revenues
985000000
CY2012Q1 hst Amounts Attributable To Noncontrolling Interest Of Outside Partnerships
AmountsAttributableToNoncontrollingInterestOfOutsidePartnerships
2000000
CY2012Q1 dei Trading Symbol
TradingSymbol
HST
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
HOST HOTELS & RESORTS, INC.
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001070750
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
10000000
CY2011Q1 us-gaap Revenues
Revenues
893000000
CY2011Q1 hst Amounts Attributable To Noncontrolling Interest Of Outside Partnerships
AmountsAttributableToNoncontrollingInterestOfOutsidePartnerships
1000000
CY2011Q1 hst Amounts Attributable To Outside Partners
AmountsAttributableToOutsidePartners
-1000000

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