$HST
HOST HOTELS & RESORTS, INC.

2017 Q3 Form 10-Q Financial Statement

#000156459017021189 Filed on November 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $1.254B $1.295B
YoY Change -3.17% 0.62%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $952.0M $981.0M
YoY Change -2.96% 0.41%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $176.0M $182.0M
YoY Change -3.3% 2.82%
% of Gross Profit
Operating Expenses $1.128B $1.163B
YoY Change -3.01% 0.78%
Operating Profit
YoY Change
Interest Expense -$39.00M -$31.00M
YoY Change 25.81% -163.27%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $147.0M $127.0M
YoY Change 15.75% 32.29%
Income Tax $42.00M $19.00M
% Of Pretax Income 28.57% 14.96%
Net Earnings $104.0M $107.0M
YoY Change -2.8% 25.88%
Net Earnings / Revenue 8.29% 8.26%
Basic Earnings Per Share
Diluted Earnings Per Share $140.7K $144.4K
COMMON SHARES
Basic Shares Outstanding 738.8M 740.6M
Diluted Shares Outstanding 739.0M 741.1M

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $789.0M $340.0M
YoY Change 132.06% 28.3%
Cash & Equivalents $789.0M $340.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $905.0M $446.0M
YoY Change 102.91% 12.91%
LONG-TERM ASSETS
Property, Plant & Equipment $10.01B $10.38B
YoY Change -3.52% -2.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $319.0M $307.0M
YoY Change 3.91% -23.25%
Other Assets $67.00M $7.000M
YoY Change 857.14% -90.0%
Total Long-Term Assets $10.87B $11.10B
YoY Change -2.07% -4.22%
TOTAL ASSETS
Total Short-Term Assets $905.0M $446.0M
Total Long-Term Assets $10.87B $11.10B
Total Assets $11.77B $11.54B
YoY Change 1.98% -3.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $250.0M $242.0M
YoY Change 3.31% -2.42%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $250.0M $242.0M
YoY Change 3.31% -2.42%
LONG-TERM LIABILITIES
Long-Term Debt $3.961B $3.752B
YoY Change 5.57% -12.3%
Other Long-Term Liabilities $295.0M $280.0M
YoY Change 5.36% -11.95%
Total Long-Term Liabilities $4.256B $4.032B
YoY Change 5.56% -12.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $250.0M $242.0M
Total Long-Term Liabilities $4.256B $4.032B
Total Liabilities $4.692B $4.451B
YoY Change 5.41% -8.11%
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 $7.079B $7.091B
YoY Change
Total Liabilities & Shareholders Equity $11.77B $11.54B
YoY Change 1.98% -3.66%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $104.0M $107.0M
YoY Change -2.8% 25.88%
Depreciation, Depletion And Amortization $176.0M $182.0M
YoY Change -3.3% 2.82%
Cash From Operating Activities $252.0M $304.0M
YoY Change -17.11% 20.16%
INVESTING ACTIVITIES
Capital Expenditures -$65.00M -$106.0M
YoY Change -38.68% -28.38%
Acquisitions
YoY Change
Other Investing Activities $245.0M $31.00M
YoY Change 690.32% 106.67%
Cash From Investing Activities $180.0M -$75.00M
YoY Change -340.0% -43.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -299.0M -162.0M
YoY Change 84.57% 45.95%
NET CHANGE
Cash From Operating Activities 252.0M 304.0M
Cash From Investing Activities 180.0M -75.00M
Cash From Financing Activities -299.0M -162.0M
Net Change In Cash 133.0M 67.00M
YoY Change 98.51% 644.44%
FREE CASH FLOW
Cash From Operating Activities $252.0M $304.0M
Capital Expenditures -$65.00M -$106.0M
Free Cash Flow $317.0M $410.0M
YoY Change -22.68% 2.24%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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PaymentsToAcquireProductiveAssets
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CY2016Q4 us-gaap Common Stock Shares Authorized
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CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
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us-gaap Revenues
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us-gaap Occupancy Costs
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us-gaap Food And Beverage Cost Of Sales
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CY2017Q3 us-gaap Revenues
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us-gaap Other Income
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hst Increase Decrease In Due From Managers
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us-gaap Insured Event Gain Loss
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hst Distributions And Payments To Non Controlling Interests
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us-gaap Payments For Repurchase Of Common Stock
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hst Distributions And Payments To Non Controlling Interests
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us-gaap Loss Contingency Disclosures
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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">11.<font style="margin-left:36pt;">Contingencies</font></p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;margin-left:9.2%;text-indent:4.13%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">All of our hotels in Houston and Florida were affected by Hurricanes Harvey and Irma in August and September 2017, respectively. All four of our hotels in Houston were able to remain operational during the hurricane. In Florida, due to evacuation mandates and loss of commercial power, seven of the nine properties were closed for a period of time. We are still evaluating the property and business interruption impact to our hotels. However, our current estimate of the book value of the property and equipment written off, and the related repairs and cleanup costs, is approximately $31 million and have recorded a corresponding insurance receivable of $31 million. We believe our insurance coverage should be sufficient to cover a substantial portion of the property damage to the hotels and the near-term loss of business. </p></div>
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