$HST
HOST HOTELS & RESORTS, INC.

2012 Q3 Form 10-Q Financial Statement

#000119312512310543 Filed on July 23, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2012 Q2 2011 Q2
Revenue $1.158B $1.326B $1.284B
YoY Change 2.39% 3.27% 15.47%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $942.0M $986.0M $984.0M
YoY Change 3.18% 0.2% 14.02%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $153.0M $152.0M $149.0M
YoY Change 5.52% 2.01% 7.19%
% of Gross Profit
Operating Expenses $1.097B $1.137B $1.132B
YoY Change 3.69% 0.44% 12.97%
Operating Profit
YoY Change
Interest Expense -$91.00M -$85.00M -$79.00M
YoY Change 1.11% 7.59% -5.95%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$29.00M $92.00M $75.00M
YoY Change -12.12% 22.67% 188.46%
Income Tax $11.00M $12.00M $8.000M
% Of Pretax Income 13.04% 10.67%
Net Earnings -$34.00M $82.00M $62.00M
YoY Change 0.0% 32.26% 226.32%
Net Earnings / Revenue -2.94% 6.18% 4.83%
Basic Earnings Per Share
Diluted Earnings Per Share -$47.14K $111.7K $90.23K
COMMON SHARES
Basic Shares Outstanding 722.6M shares 719.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q3 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $254.0M $465.0M $634.0M
YoY Change -51.53% -26.66% -45.86%
Cash & Equivalents $254.0M $465.0M $634.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $352.0M $542.0M $701.0M
YoY Change -36.92% -22.68% -42.78%
LONG-TERM ASSETS
Property, Plant & Equipment $11.73B $11.35B $11.64B
YoY Change 2.51% -2.48% 15.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $227.0M $211.0M $178.0M
YoY Change 32.75% 18.54% 31.85%
Other Assets $92.00M $87.00M $86.00M
YoY Change 15.0% 1.16% 0.0%
Total Long-Term Assets $12.69B $12.19B $12.40B
YoY Change 3.62% -1.68% 15.56%
TOTAL ASSETS
Total Short-Term Assets $352.0M $542.0M $701.0M
Total Long-Term Assets $12.69B $12.19B $12.40B
Total Assets $13.04B $12.74B $13.10B
YoY Change 1.85% -2.8% 9.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.0M $95.00M $178.0M
YoY Change -39.31% -46.63% 16.34%
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 $105.0M $95.00M $178.0M
YoY Change -39.31% -46.63% 16.34%
LONG-TERM LIABILITIES
Long-Term Debt $5.495B $5.226B $5.888B
YoY Change 0.13% -11.24% 9.14%
Other Long-Term Liabilities $341.0M $278.0M $209.0M
YoY Change 51.56% 33.01% 10.0%
Total Long-Term Liabilities $5.836B $5.504B $6.097B
YoY Change 2.15% -9.73% 9.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $105.0M $95.00M $178.0M
Total Long-Term Liabilities $5.836B $5.504B $6.097B
Total Liabilities $6.144B $5.795B $6.489B
YoY Change 1.74% -10.7% 9.46%
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 $6.898B $6.941B $6.614B
YoY Change
Total Liabilities & Shareholders Equity $13.04B $12.74B $13.10B
YoY Change 1.85% -2.8% 9.58%

Cashflow Statement

Concept 2012 Q3 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income -$34.00M $82.00M $62.00M
YoY Change 0.0% 32.26% 226.32%
Depreciation, Depletion And Amortization $153.0M $152.0M $149.0M
YoY Change 5.52% 2.01% 7.19%
Cash From Operating Activities $124.0M $229.0M $219.0M
YoY Change -3.13% 4.57% 28.82%
INVESTING ACTIVITIES
Capital Expenditures -$115.0M -$179.0M -$146.0M
YoY Change 21.05% 22.6% 192.0%
Acquisitions
YoY Change
Other Investing Activities -$438.0M $2.000M -$6.000M
YoY Change -1118.6% -133.33% -91.3%
Cash From Investing Activities -$553.0M -$177.0M -$152.0M
YoY Change 963.46% 16.45% 27.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 219.0M -899.0M 413.0M
YoY Change -217.74% -317.68% -430.4%
NET CHANGE
Cash From Operating Activities 124.0M 229.0M 219.0M
Cash From Investing Activities -553.0M -177.0M -152.0M
Cash From Financing Activities 219.0M -899.0M 413.0M
Net Change In Cash -210.0M -847.0M 480.0M
YoY Change 90.91% -276.46% -748.65%
FREE CASH FLOW
Cash From Operating Activities $124.0M $229.0M $219.0M
Capital Expenditures -$115.0M -$179.0M -$146.0M
Free Cash Flow $239.0M $408.0M $365.0M
YoY Change 7.17% 11.78% 65.91%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
722584975 shares
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
CY2012Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
13317000000
CY2012Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17500000000
CY2012Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
64005 Room
CY2012Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
120 Hotel
CY2012Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
157000000
CY2012Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
2150000000
CY2012Q2 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
65000000
CY2012Q2 us-gaap Number Of Foreign Currency Derivatives Held
NumberOfForeignCurrencyDerivativesHeld
6 Contract
CY2012Q2 us-gaap Minority Interest
MinorityInterest
36000000
CY2012Q2 us-gaap Land
Land
1876000000
CY2012Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6153000000
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11347000000
CY2012Q2 hst Number Of Partnerships Consolidated
NumberOfPartnershipsConsolidated
5 Entity
CY2012Q2 hst Number Of Partnerships Consolidated With Finite Lives
NumberOfPartnershipsConsolidatedWithFiniteLives
3 Entity
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-3000000
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
26000000
us-gaap Revenues
Revenues
2176000000
hst Amounts Attributable To Noncontrolling Interest Of Outside Partnerships
AmountsAttributableToNoncontrollingInterestOfOutsidePartnerships
2000000
hst Amounts Attributable To Outside Partners
AmountsAttributableToOutsidePartners
0
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-06-15
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
2000000
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
15000000
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
48000000
us-gaap Revenues
Revenues
2351000000
hst Amounts Attributable To Noncontrolling Interest Of Outside Partnerships
AmountsAttributableToNoncontrollingInterestOfOutsidePartnerships
2000000
hst Amounts Attributable To Outside Partners
AmountsAttributableToOutsidePartners
1000000
dei Trading Symbol
TradingSymbol
HST
dei Entity Registrant Name
EntityRegistrantName
HOST HOTELS & RESORTS, INC.
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Central Index Key
EntityCentralIndexKey
0001070750
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 hst Number Of Properties Sold
NumberOfPropertiesSold
1 Hotel
CY2011 hst Number Of Impaired Assets
NumberOfImpairedAssets
2 Hotel
CY2012Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
2000000
CY2012Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Entity
CY2012Q2 us-gaap Revenues
Revenues
1368000000
CY2012Q2 hst Amounts Attributable To Noncontrolling Interest Of Outside Partnerships
AmountsAttributableToNoncontrollingInterestOfOutsidePartnerships
0
CY2012Q2 hst Amounts Attributable To Outside Partners
AmountsAttributableToOutsidePartners
1000000
CY2011Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-2000000
CY2011Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
14000000
CY2011Q2 us-gaap Revenues
Revenues
1284000000
CY2011Q2 hst Amounts Attributable To Noncontrolling Interest Of Outside Partnerships
AmountsAttributableToNoncontrollingInterestOfOutsidePartnerships
1000000
CY2011Q2 hst Amounts Attributable To Outside Partners
AmountsAttributableToOutsidePartners
1000000

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