HOST HOTELS & RESORTS, INC. HST Cash Flow

Host hotels & resorts, inc. (HST)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Sep'12	Jun'12	Mar'12	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Aug'09	Jun'09	Mar'09
OPERATING ACTIVITIES
NET INCOME (LOSS)
-3,000	81,000	372,000	290,000	189,000	306,000	378,000	211,000	256,000	93,000	105,000	212,000	161,000	128,000	108,000	351,000	184,000	165,000	87,000	214,000	99,000	252,000	145,000	159,000	185,000	126,000	18,000	121,000	60,000	-	-	-	-	-	-	-	-62,000	20,000	-84,000	-	-58,000	-69,000	-60,000
Adjustments to reconcile to cash provided by operations:
Gain (loss) on dispositions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,000	13,000	0	19,000	-	-	-	-	-	-	-	-	-	-	-	9,000	0	18,000
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	3,000	2,000	4,000	-	-	-	-	-	-	-	-	-	1,000	-	1,000	61,000	24,000
Depreciation and amortization
164,000	175,000	165,000	166,000	170,000	165,000	412,000	189,000	178,000	217,000	176,000	178,000	180,000	183,000	182,000	178,000	181,000	180,000	177,000	178,000	173,000	169,000	178,000	174,000	172,000	177,000	175,000	172,000	173,000	-	-	-	-	-	-	-	-	139,000	136,000	-	-	137,000	155,000
Amortization of finance costs, discounts and premiums, net
2,000	1,000	2,000	1,000	2,000	2,000	2,000	1,000	2,000	2,000	2,000	2,000	1,000	3,000	1,000	1,000	2,000	2,000	6,000	7,000	6,000	6,000	5,000	7,000	6,000	6,000	5,000	7,000	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-2,000	0	-2,000	-2,000	1,000	0	3,000
Stock compensation expense
3,000	4,000	4,000	3,000	4,000	3,000	4,000	4,000	3,000	3,000	3,000	2,000	3,000	4,000	2,000	3,000	3,000	2,000	1,000	3,000	5,000	7,000	5,000	6,000	4,000	6,000	4,000	4,000	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	3,000	3,000	-	5,000	3,000	3,000
Amortization of debt premiums/discounts, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-58,000	8,000	7,000	9,000	9,000	7,000	8,000	7,000
Deferred income taxes
-	-	-	-	-	-	-	-	-	1,000	17,000	26,000	-6,000	-2,000	16,000	22,000	-9,000	1,000	5,000	12,000	-13,000	-3,000	5,000	8,000	-11,000	-5,000	12,000	4,000	-5,000	-	-	-	-	-	-	-14,000	-5,000	4,000	-21,000	-5,000	-26,000	8,000	-15,000
Other (gains)/losses
-1,000	-	-	-	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	547,000	0	120,000	-	59,000	29,000	17,000	8,000	14,000	172,000	59,000	33,000	5,000	53,000	4,000	124,000	1,000	-1,000	112,000	0	1,000	20,000	12,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on property transactions and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,000	1,000	1,000
(Gain) loss on foreign currency transactions and derivatives
-1,000	-	-	-	-	-	-	-	-	2,000	-2,000	0	-2,000	3,000	-2,000	2,000	1,000	-2,000	-1,000	0	-2,000	-	-	-	-	1,000	-1,000	1,000	2,000	-	-	-	-	-	-	-	-1,000	-3,000	-2,000	-	1,000	5,000	-1,000
Gain on property insurance settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of affiliates
4,000	1,000	4,000	4,000	5,000	5,000	6,000	9,000	10,000	11,000	4,000	8,000	7,000	2,000	8,000	9,000	2,000	45,000	5,000	23,000	3,000	33,000	-1,000	5,000	-8,000	-20,000	-1,000	6,000	-2,000	-	-	-	-	-	-	-	0	0	-5,000	-	-2,000	-31,000	-3,000
Change in due from managers
-22,000	-46,000	-53,000	20,000	76,000	-68,000	-26,000	18,000	63,000	-30,000	-2,000	-15,000	74,000	-57,000	-4,000	-16,000	83,000	-74,000	-3,000	-15,000	75,000	-85,000	26,000	18,000	58,000	-33,000	-43,000	34,000	21,000	-	-	-	-	-	-	-	0	13,000	12,000	-	-30,000	22,000	-3,000
Distributions from investments in affiliates
-	-	-	-	-	34,000	7,000	13,000	4,000	-	-	-	-	9,000	2,000	6,000	12,000	13,000	3,000	7,000	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in other assets
18,000	1,000	33,000	-24,000	-17,000	-2,000	32,000	-18,000	-7,000	1,000	-6,000	11,000	12,000	-12,000	-2,000	12,000	-9,000	3,000	11,000	-17,000	-16,000	15,000	25,000	-12,000	6,000	-22,000	17,000	-13,000	-21,000	-	-	-	-	-	-	-	10,000	-19,000	-15,000	-	25,000	1,000	-7,000
Changes in other liabilities
-11,000	-31,000	7,000	7,000	-89,000	15,000	43,000	-3,000	-9,000	8,000	2,000	3,000	-19,000	-	-	10,000	-17,000	-7,000	-5,000	2,000	-46,000	2,000	-49,000	8,000	-18,000	2,000	5,000	10,000	-36,000	-	-	-	-	-	-	-	39,000	-14,000	-7,000	-	64,000	-16,000	14,000
Net cash provided by operating activities
157,000	336,000	290,000	417,000	207,000	359,000	286,000	407,000	248,000	363,000	252,000	403,000	212,000	387,000	304,000	392,000	219,000	358,000	253,000	385,000	164,000	376,000	239,000	354,000	171,000	322,000	237,000	284,000	176,000	-	-	-	-	-	-	-	109,000	170,000	49,000	-	115,000	135,000	120,000
INVESTING ACTIVITIES
Proceeds from sales of assets, net
1,000	297,000	510,000	109,000	276,000	475,000	768,000	181,000	181,000	9,000	246,000	66,000	160,000	1,000	24,000	325,000	115,000	92,000	9,000	141,000	33,000	223,000	0	0	274,000	197,000	0	167,000	279,000	-	-	-	-	-	-	-	0	3,000	9,000	-	91,000	0	108,000
Proceeds from loan receivable
28,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of investments in affiliates
-	-	-	-	-	-	-	-	-	9,000	0	1,000	3,000	0	14,000	2,000	7,000	-	-	-	-	0	0	17,000	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances to and investments in affiliates
1,000	1,000	2,000	2,000	1,000	3,000	1,000	0	3,000	-	-	-	-	1,000	3,000	0	1,000	-	-	-	-	10,000	23,000	18,000	14,000	3,000	21,000	49,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions
-	0	0	9,000	593,000	0	6,000	0	1,019,000	1,000	0	0	467,000	-	-	-	-	-	-	-	-	1,000	64,000	0	73,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of capital from investments in affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	39,000
Capital expenditures:
Renewals and replacements
55,000	41,000	63,000	60,000	58,000	60,000	71,000	57,000	86,000	50,000	44,000	47,000	64,000	71,000	60,000	73,000	89,000	90,000	74,000	94,000	125,000	98,000	71,000	71,000	76,000	64,000	76,000	76,000	87,000	-	-	-	-	-	-	-	32,000	40,000	27,000	-	23,000	42,000	49,000
Return on investment
76,000	125,000	89,000	70,000	52,000	94,000	48,000	29,000	29,000	19,000	21,000	16,000	16,000	34,000	46,000	67,000	79,000	100,000	74,000	56,000	45,000	43,000	33,000	22,000	14,000	33,000	31,000	33,000	36,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	4,000	6,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redevelopment and other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,000	10,000	23,000	-	40,000	42,000	59,000
Change in furniture, fixtures and equipment ("FF&E") replacement fund
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,000	-17,000	28,000	-15,000	-13,000	23,000	-12,000	-11,000	-5,000	36,000	3,000	-	-	-	-	-	-	-	-2,000	18,000	4,000	-	18,000	1,000	1,000
Change in restricted cash for investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	-6,000	-	7,000	7,000	-3,000
Property insurance proceeds
-	-	-	-	-	-	7,000	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-103,000	132,000	386,000	-32,000	-428,000	310,000	649,000	96,000	-955,000	-67,000	180,000	4,000	-384,000	-114,000	-75,000	137,000	-47,000	-11,000	-133,000	-399,000	-165,000	82,000	-180,000	-122,000	134,000	77,000	-127,000	-172,000	147,000	-	-	-	-	-	-	-	-340,000	-119,000	-39,000	-	16,000	-92,000	41,000
FINANCING ACTIVITIES
Financing costs
-	-	-	-	-	-	-	-	-	0	0	6,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	3,000	-	-	-	-	-	-	-	-	-	-	-	0	7,000	3,000
Issuances of debt
-	-	-	-	-	-	-	-	-	6,000	0	0	398,000	-	-	-	-	-	-	-	-	-	-	-	-	150,000	0	0	400,000	-	-	-	-	-	-	-	-	-	-	-	0	386,000	120,000
Draws on credit facility
1,500,000	-	-	-	-	0	0	50,000	310,000	0	0	0	340,000	136,000	149,000	279,000	170,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid - periodic interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,000	42,000	43,000	-	46,000	45,000	48,000	-	56,000	78,000	70,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt extinguishment costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,000	-	3,000	20,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock repurchase
147,000	-	-	-	-	-	-	-	-	-	-	-	-	12,000	44,000	81,000	81,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends on common stock
179,000	143,000	146,000	148,000	186,000	148,000	148,000	148,000	185,000	148,000	148,000	147,000	185,000	148,000	148,000	150,000	150,000	148,000	150,000	151,000	197,000	151,000	114,000	106,000	98,000	91,000	82,000	75,000	65,000	-	-	-	-	-	-	-	7,000	6,000	1,000	-	0	-1,000	27,000
Repayment of credit facility
-	-	-	-	-	-	-	-	-	16,000	39,000	0	340,000	226,000	100,000	420,000	70,000	-	-	-	-	0	0	0	225,000	7,000	0	100,000	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase/redemption of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	150,000	0	200,000	600,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage debt and other prepayments and scheduled maturities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	17,000	100,000	20,000	-	-	-	-	11,000	0	72,000	301,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions and payments to non-controlling interests
2,000	2,000	1,000	2,000	70,000	-	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	1,000	5,000	1,000	-	-	-	-	-	-	-	-	-	-	-	0	2,000	1,000
Other financing activities
-6,000	-1,000	-1,000	0	-5,000	1,000	-2,000	-3,000	-4,000	2,000	4,000	0	-2,000	-	-	-3,000	-1,000	9,000	-4,000	-1,000	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,000	2,000	-	3,000	2,000	2,000
Change in restricted cash for financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	-	-	-	-	-	-	-	-	-	-	-	-33,000	-8,000	13,000	-	5,000	-2,000	3,000
Net cash provided by (used in) financing activities
1,166,000	-935,000	231,000	-350,000	-261,000	-387,000	-306,000	-174,000	119,000	-158,000	-299,000	-153,000	208,000	-248,000	-162,000	-475,000	-152,000	-340,000	-111,000	-208,000	-198,000	-154,000	-105,000	-185,000	-775,000	113,000	-152,000	-788,000	334,000	-	-	-	-	-	-	-	-102,000	-125,000	-407,000	-	-458,000	650,000	-16,000
Scheduled principal repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	-	-	-	-	-	-	-	-	-	2,000	-	-	-	3,000
Repurchase of senior notes, including exchangeable debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	225,000	0	346,000	-	46,000	0	69,000
Debt prepayments and scheduled maturities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	124,000	-	308,000	0	34,000
Issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	111,000	89,000	103,000	-	-	-	-	-	-	-49,000	103,000	0	55,000	-	-	-	-
Effects of exchange rate changes on cash held
-8,000	-	-	-	-	-1,000	0	-3,000	-1,000	-1,000	1,000	0	4,000	-5,000	2,000	0	4,000	-2,000	-6,000	-1,000	-7,000	-3,000	-7,000	1,000	1,000	-5,000	3,000	-6,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
1,212,000	-465,000	905,000	36,000	-482,000	281,000	629,000	326,000	-589,000	137,000	134,000	254,000	40,000	20,000	69,000	54,000	24,000	5,000	3,000	-223,000	-206,000	301,000	-53,000	48,000	-469,000	507,000	-39,000	-682,000	658,000	-	-	-	-	-	-	-	-333,000	-74,000	-397,000	-	-327,000	693,000	145,000
Supplemental disclosure of cash flow information:
Total interest paid
27,000	-	38,000	43,000	39,000	-	39,000	45,000	38,000	-	36,000	35,000	37,000	-	37,000	34,000	34,000	-	-	-	-	-	46,000	45,000	50,000	-	59,000	98,000	70,000	-	-	-	-	-	-	-	46,000	95,000	68,000	-	48,000	108,000	60,000
Income taxes paid
1,000	-	9,000	10,000	66,000	-	9,000	21,000	1,000	-	23,000	14,000	1,000	-	2,000	10,000	2,000	-	0	5,000	1,000	-	6,000	6,000	8,000	-	7,000	2,000	4,000	-	-	-	-	-	-	-	0	2,000	1,000	-	0	1,000	3,000
HOST HOTELS & RESORTS L.P.
NET INCOME (LOSS)
-3,000	81,000	372,000	290,000	189,000	306,000	378,000	211,000	256,000	93,000	105,000	212,000	161,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-36,000	64,000	-60,000	-	-	-	-	-	-	-	-
Depreciation and amortization
164,000	175,000	165,000	166,000	170,000	165,000	412,000	189,000	178,000	217,000	176,000	178,000	180,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on dispositions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	48,000	-	-	-	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	5,000	1,000	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	161,000	158,000	153,000	148,000	147,000	140,000	-	-	-	-	-	-	-	-
Amortization of finance costs, discounts and premiums, net
2,000	1,000	2,000	1,000	2,000	2,000	2,000	1,000	2,000	2,000	2,000	2,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock compensation expense
3,000	4,000	4,000	3,000	4,000	3,000	4,000	4,000	3,000	3,000	3,000	2,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	1,000	17,000	26,000	-6,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	3,000	3,000	3,000	2,000	3,000	-	-	-	-	-	-	-	-
Amortization of debt premiums/discounts, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	2,000	3,000	4,000	4,000	5,000	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	10,000	-14,000	2,000	6,000	-21,000	-	-	-	-	-	-	-	-
Other (gains)/losses
-1,000	-	-	-	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	547,000	0	120,000	-	59,000	29,000	17,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on foreign currency transactions and derivatives
-1,000	-	-	-	-	-	-	-	-	2,000	-2,000	0	-2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on property transactions and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	1,000	3,000	1,000	2,000	-	-	-	-	-	-	-	-
(Gain) loss on foreign currency transactions and derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	0	-1,000	-	1,000	1,000	-	-	-	-	-	-	-	-
Equity in earnings of affiliates
4,000	1,000	4,000	4,000	5,000	5,000	6,000	9,000	10,000	11,000	4,000	8,000	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in losses of affiliates, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	5,000	-2,000	-5,000	4,000	-2,000	-	-	-	-	-	-	-	-
Change in due from managers
-22,000	-46,000	-53,000	20,000	76,000	-68,000	-26,000	18,000	63,000	-30,000	-2,000	-15,000	74,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in due from managers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,000	24,000	18,000	-30,000	16,000	11,000	-	-	-	-	-	-	-	-
Distributions from investments in affiliates
-	-	-	-	-	34,000	7,000	13,000	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in other assets
18,000	1,000	33,000	-24,000	-17,000	-2,000	32,000	-18,000	-7,000	1,000	-6,000	11,000	12,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,000	-7,000	-5,000	-	-	-	-	-	-	-	-
Changes in other liabilities
-11,000	-31,000	7,000	7,000	-89,000	15,000	43,000	-3,000	-9,000	8,000	2,000	3,000	-19,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	-14,000	-8,000	-	5,000	-24,000	-	-	-	-	-	-	-	-
Net cash provided by operating activities
157,000	336,000	290,000	417,000	207,000	359,000	286,000	407,000	248,000	363,000	252,000	403,000	212,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123,000	229,000	73,000	128,000	219,000	37,000	-	-	-	-	-	-	-	-
Proceeds from sales of assets, net
1,000	297,000	510,000	109,000	276,000	475,000	768,000	181,000	181,000	9,000	246,000	66,000	160,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	0	108,000	-	-	-	-	-	-	-	-	-	-	-
Proceeds from loan receivable
28,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of investments in affiliates
-	-	-	-	-	-	-	-	-	9,000	0	1,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances to and investments in affiliates
1,000	1,000	2,000	2,000	1,000	3,000	1,000	0	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances to and investment in affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,000	1,000	19,000	0	13,000	5,000	-	-	-	-	-	-	-	-
Acquisitions
-	0	0	9,000	593,000	0	6,000	0	1,019,000	1,000	0	0	467,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,000	46,000	989,000	-	-	-	-	-	-	-	-
Renewals and replacements
55,000	41,000	63,000	60,000	58,000	60,000	71,000	57,000	86,000	50,000	44,000	47,000	64,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Renewals and replacements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66,000	79,000	100,000	63,000	71,000	48,000	-	-	-	-	-	-	-	-
Return on investment
76,000	125,000	89,000	70,000	52,000	94,000	48,000	29,000	29,000	19,000	21,000	16,000	16,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redevelopment and other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,000	100,000	62,000	32,000	75,000	46,000	-	-	-	-	-	-	-	-
Property insurance proceeds
-	-	-	-	-	-	7,000	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in furniture, fixtures and equipment ("FF&E") replacement fund
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,000	-17,000	19,000	-4,000	-51,000	50,000	-	-	-	-	-	-	-	-
Net cash used in investing activities
-103,000	132,000	386,000	-32,000	-428,000	310,000	649,000	96,000	-955,000	-67,000	180,000	4,000	-384,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-553,000	-177,000	-92,000	-52,000	-152,000	-1,138,000	-	-	-	-	-	-	-	-
Financing costs
-	-	-	-	-	-	-	-	-	0	0	6,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	2,000	5,000	-	-	-	-	-	-	-	-	-	-	-
Issuances of debt
-	-	-	-	-	-	-	-	-	6,000	0	0	398,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Draws on credit facility
1,500,000	-	-	-	-	0	0	50,000	310,000	0	0	0	340,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuances of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	450,000	100,000	350,000	0	496,000	80,000	-	-	-	-	-	-	-	-
Draw on credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113,000	0	22,000	0	50,000	103,000	-	-	-	-	-	-	-	-
Repayment of credit facility
-	-	-	-	-	-	-	-	-	16,000	39,000	0	340,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage debt prepayments and scheduled maturities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	132,000	-	-	-	-	-	-	-	-
Common OP unit issuance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,000	49,000	173,000	1,000	189,000	99,000	-	-	-	-	-	-	-	-
Repurchase of common OP units
147,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions on common OP units
181,000	145,000	148,000	149,000	188,000	150,000	149,000	150,000	187,000	149,000	150,000	149,000	187,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions and payments to non-controlling interests
-	0	-1,000	1,000	68,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-6,000	-1,000	-1,000	0	-5,000	1,000	-6,000	1,000	-4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
1,166,000	-935,000	231,000	-350,000	-261,000	-387,000	-306,000	-174,000	119,000	-158,000	-299,000	-153,000	208,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions on common OP units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,000	36,000	-	14,000	7,000	-	-	-	-	-	-	-	-
Distributions to non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,000	1,000	-	-	-	-	-	-	-	-
Change in restricted cash for financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,000	6,000	2,000	-3,000	4,000	1,000	-	-	-	-	-	-	-	-
Cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	219,000	-899,000	505,000	-186,000	413,000	142,000	-	-	-	-	-	-	-	-
Scheduled principal repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	1,000	2,000	1,000	1,000	-	-	-	-	-	-	-	-
Effects of exchange rate changes on cash held
-8,000	-	-	-	-	-1,000	0	-3,000	-1,000	-1,000	1,000	0	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
1,212,000	-465,000	905,000	36,000	-482,000	281,000	629,000	326,000	-589,000	137,000	134,000	254,000	40,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-211,000	-847,000	486,000	-110,000	480,000	-959,000	-	-	-	-	-	-	-	-
Total interest paid
27,000	-	38,000	43,000	39,000	-	39,000	45,000	38,000	-	36,000	35,000	37,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
1,000	-	9,000	10,000	66,000	-	9,000	21,000	1,000	-	23,000	14,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73,000	90,000	70,000	55,000	80,000	64,000	-	-	-	-	-	-	-	-
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	4,000	4,000	1,000	3,000	1,000	-	-	-	-	-	-	-	-
HOST HOTELS & RESORTS, INC.
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-36,000	64,000	-60,000	-	-	-	-	-	-	-	-
(Gain) loss on dispositions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	48,000	-	-	-	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	5,000	1,000	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	161,000	158,000	153,000	148,000	147,000	140,000	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	3,000	3,000	3,000	2,000	3,000	-	-	-	-	-	-	-	-
Non-cash interest expense due to discount amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	2,000	3,000	4,000	4,000	5,000	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	10,000	-14,000	2,000	6,000	-21,000	-	-	-	-	-	-	-	-
Net gain on property transactions and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	1,000	3,000	1,000	2,000	-	-	-	-	-	-	-	-
(Gain) loss on foreign currency transactions and derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	0	-1,000	-	1,000	1,000	-	-	-	-	-	-	-	-
Equity in (earnings) losses of affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	5,000	-2,000	-5,000	4,000	-2,000	-	-	-	-	-	-	-	-
Change in due from managers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,000	24,000	18,000	-30,000	16,000	11,000	-	-	-	-	-	-	-	-
Changes in other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,000	-7,000	-5,000	-	-	-	-	-	-	-	-
Changes in other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	-14,000	-8,000	-	5,000	-24,000	-	-	-	-	-	-	-	-
Cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123,000	229,000	73,000	128,000	219,000	37,000	-	-	-	-	-	-	-	-
Proceeds from sales of assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	0	108,000	-	-	-	-	-	-	-	-	-	-	-
Advances to and investment in affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,000	1,000	19,000	0	13,000	5,000	-	-	-	-	-	-	-	-
Acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,000	46,000	989,000	-	-	-	-	-	-	-	-
Renewals and replacements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66,000	79,000	100,000	63,000	71,000	48,000	-	-	-	-	-	-	-	-
Redevelopment and other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,000	100,000	62,000	32,000	75,000	46,000	-	-	-	-	-	-	-	-
Change in furniture, fixtures & equipment (FF&E) replacement fund
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,000	-17,000	19,000	-4,000	-51,000	50,000	-	-	-	-	-	-	-	-
Cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-553,000	-177,000	-92,000	-52,000	-152,000	-1,138,000	-	-	-	-	-	-	-	-
Financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	2,000	5,000	-	-	-	-	-	-	-	-	-	-	-
Issuances of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	450,000	100,000	350,000	0	496,000	80,000	-	-	-	-	-	-	-	-
Draws on credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113,000	0	22,000	0	50,000	103,000	-	-	-	-	-	-	-	-
Dividends on common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51,000	43,000	35,000	21,000	14,000	7,000	-	-	-	-	-	-	-	-
Mortgage debt prepayments and scheduled maturities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	132,000	-	-	-	-	-	-	-	-
Distributions to non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	3,000	1,000	0	3,000	1,000	-	-	-	-	-	-	-	-
Deposit into escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,000	6,000	2,000	-3,000	4,000	1,000	-	-	-	-	-	-	-	-
Cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	219,000	-899,000	505,000	-186,000	413,000	142,000	-	-	-	-	-	-	-	-
Scheduled principal repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	1,000	2,000	1,000	1,000	-	-	-	-	-	-	-	-
Common stock issuance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,000	49,000	173,000	1,000	189,000	99,000	-	-	-	-	-	-	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-211,000	-847,000	486,000	-110,000	480,000	-959,000	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73,000	90,000	70,000	55,000	80,000	64,000	-	-	-	-	-	-	-	-
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	4,000	4,000	1,000	3,000	1,000	-	-	-	-	-	-	-	-
Hotel South Beach [Member]
Preferred units issued
-	-	-	-	23,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common units issued
-	-	-	-	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-