$HST

HOST HOTELS & RESORTS, INC.

CIK:0001070750|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
REVENUES
Total Revenues	$ 1,640	$ 1,586	$ 3,285	$ 3,180
EXPENSES
Other property-level expenses	94	107	197	218
Depreciation and amortization	193	195	383	391
Corporate and other expenses	29	25	57	56
Net gain on insurance settlements	0	(9)	(7)	(19)
Total operating costs and expenses	1,347	1,309	2,673	2,618
OPERATING PROFIT	293	277	612	562
Interest income	18	7	30	15
Interest expense	(58)	(58)	(117)	(115)
Other gains (losses)	(1)	22	241	26
Equity in earnings of affiliates	7	4	11	14
INCOME BEFORE INCOME TAXES	259	252	777	502
Provision for income taxes	(18)	(27)	(35)	(26)
NET INCOME	241	225	742	476
Less: Net income attributable to non-controlling interests	(4)	(4)	(11)	(7)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	$ 237	$ 221	$ 731	$ 469
Basic earnings per common share (in dollars per share)	$ 0.35	$ 0.32	$ 1.07	$ 0.68
Diluted earnings per common share (in dollars per share)	$ 0.35	$ 0.32	$ 1.06	$ 0.67
Rooms
REVENUES
Total Revenues	$ 954	$ 949	$ 1,897	$ 1,887
EXPENSES
Expenses	231	233	455	458
Food and beverage
REVENUES
Total Revenues	484	478	1,001	981
EXPENSES
Expenses	311	313	638	636
Other
REVENUES
Total Revenues	149	159	308	312
EXPENSES
Expenses	371	375	744	739
Condominium sales
REVENUES
Total Revenues	53	0	79	0
Management fees
EXPENSES
Expenses	74	70	141	139
Cost of goods sold
EXPENSES
Expenses	$ 44	$ 0	$ 65	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES
Net income	$ 742	$ 476
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	383	391
Amortization of finance costs, discounts and premiums, net	6	6
Non-cash stock-based compensation expense	12	11
Other gains	(241)	(26)
Equity in earnings of affiliates	(11)	(14)
Change in due from/to managers	(102)	(58)
Distributions from investments in affiliates	11	9
Property insurance proceeds - remediation costs	2	0
Payments for inventory costs	(16)	(43)
Decrease in inventory for units sold	58	0
Changes in other assets	36	31
Changes in other liabilities	(35)	(34)
Net cash provided by operating activities	845	749
INVESTING ACTIVITIES
Proceeds from sales of assets, net	1,073	63
Proceeds from loan receivable	0	79
Advances to and investments in affiliates	(42)	(55)
Capital expenditures:
Renewals and replacements	(140)	(189)
Return on investment	(103)	(109)
Property insurance proceeds	0	10
Net cash provided by (used in) investing activities	806	(198)
FINANCING ACTIVITIES
Financing costs	0	(4)
Issuances of debt	0	494
Repurchase/redemption of senior notes	0	(500)
Mortgage debt and other prepayments and scheduled maturities	(1)	(1)
Common stock repurchases	(75)	(205)
Dividends on common stock	(377)	(348)
Distributions and payments to non-controlling interests	(6)	(5)
Other financing activities	(17)	(14)
Net cash used in financing activities	(476)	(583)
Effects of exchange rate changes on cash held	(1)	5
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	1,174	(27)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	937	798
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	2,111	771
Supplemental disclosure of cash flow information:
Cash and cash equivalents	1,953	490
Restricted cash (included in other assets)	2	2
Cash included in furniture, fixtures and equipment replacement fund	156	279
Total cash and cash equivalents and restricted cash shown in the statements of cash flows	2,111	771
Total interest paid	112	119
Income taxes paid	$ 14	$ 7

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Property and equipment, net	$ 9,639	$ 10,636
Right-of-use assets	560	560
Assets held for sale	0	34
Due from managers	110	39
Advances to and investments in affiliates	299	259
Furniture, fixtures and equipment replacement fund	156	167
Notes receivable	114	114
Other	422	472
Cash and cash equivalents	1,953	768
Total assets	13,253	13,049
Debt
Senior notes	3,990	3,986
Credit facility, including the term loans of $999	998	996
Mortgage and other debt	94	95
Total debt	5,082	5,077
Lease liabilities	563	563
Accounts payable and accrued expenses	736	355
Due to managers	9	76
Other	245	246
Total liabilities	6,635	6,317
Redeemable non-controlling interests - Host Hotels & Resorts, L.P.	226	171
Host Hotels & Resorts, Inc. stockholders’ equity:
Common stock, par value $0.01, 1,050 million shares authorized, 685.0 million shares and 687.8 million shares issued and outstanding, respectively	7	7
Additional paid-in capital	7,159	7,289
Accumulated other comprehensive loss	(66)	(68)
Deficit	(712)	(670)
Total equity of Host Hotels & Resorts, Inc. stockholders	6,388	6,558
Non-redeemable non-controlling interests—other consolidated partnerships	4	3
Total equity	6,392	6,561
Total liabilities, non-controlling interests and equity	$ 13,253	$ 13,049