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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES        
Revenues $ 1,381 $ 649 $ 2,455 $ 1,048
EXPENSES        
Other property-level expenses 78 79 162 157
Depreciation and amortization 162 169 334 334
Corporate and other expenses 25 25 48 49
Gain on insurance and business interruption settlements (7) 0 (7) 0
Total operating costs and expenses 1,054 717 2,006 1,282
OPERATING PROFIT (LOSS) 327 (68) 449 (234)
Interest income 6 0 7 1
Interest expense (37) (43) (73) (85)
Other gains (losses) 1 3 14 2
Equity in earnings of affiliates 2 25 4 34
INCOME (LOSS) BEFORE INCOME TAXES 299 (83) 401 (282)
Benefit for income taxes (39) 22 (23) 68
NET INCOME (LOSS) 260 (61) 378 (214)
Less: Net (income) loss attributable to non-controlling interests (4) 1 (6) 2
NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 256 $ (60) $ 372 $ (212)
Basic earnings (loss) per common share $ 0.36 $ (0.09) $ 0.52 $ (0.30)
Diluted earnings (loss) per common share $ 0.36 $ (0.09) $ 0.52 $ (0.30)
HOST HOTELS & RESORTS L.P.        
REVENUES        
Revenues $ 1,381 $ 649 $ 2,455 $ 1,048
EXPENSES        
Other property-level expenses 78 79 162 157
Depreciation and amortization 162 169 334 334
Corporate and other expenses 25 25 48 49
Gain on insurance and business interruption settlements (7) 0 (7) 0
Total operating costs and expenses 1,054 717 2,006 1,282
OPERATING PROFIT (LOSS) 327 (68) 449 (234)
Interest income 6 0 7 1
Interest expense (37) (43) (73) (85)
Other gains (losses) 1 3 14 2
Equity in earnings of affiliates 2 25 4 34
INCOME (LOSS) BEFORE INCOME TAXES 299 (83) 401 (282)
Benefit for income taxes (39) 22 (23) 68
NET INCOME (LOSS) 260 (61) 378 (214)
Less: Net (income) loss attributable to non-controlling interests 1 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 261 $ (61) $ 378 $ (214)
Basic earnings (loss) per common share $ 0.37 $ (0.09) $ 0.53 $ (0.31)
Diluted earnings (loss) per common share $ 0.37 $ (0.09) $ 0.53 $ (0.31)
Rooms        
REVENUES        
Revenues $ 850 $ 423 $ 1,505 $ 680
EXPENSES        
Expenses 189 109 349 174
Rooms | HOST HOTELS & RESORTS L.P.        
REVENUES        
Revenues 850 423 1,505 680
EXPENSES        
Expenses 189 109 349 174
Food and Beverage        
REVENUES        
Revenues 405 137 702 214
EXPENSES        
Expenses 245 105 445 167
Food and Beverage | HOST HOTELS & RESORTS L.P.        
REVENUES        
Revenues 405 137 702 214
EXPENSES        
Expenses 245 105 445 167
Other        
REVENUES        
Revenues 126 89 248 154
EXPENSES        
Expenses 300 209 573 369
Other | HOST HOTELS & RESORTS L.P.        
REVENUES        
Revenues 126 89 248 154
EXPENSES        
Expenses 300 209 573 369
Management fees        
EXPENSES        
Expenses 62 21 102 32
Management fees | HOST HOTELS & RESORTS L.P.        
EXPENSES        
Expenses $ 62 $ 21 $ 102 $ 32