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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES        
Total Revenues $ 1,466 $ 1,393 $ 2,937 $ 2,774
EXPENSES        
Other property-level expenses 101 93 205 184
Depreciation and amortization 188 168 368 337
Corporate and other expenses 29 30 56 61
Gain on insurance settlements (56) (3) (87) (3)
Total operating costs and expenses 1,174 1,144 2,354 2,277
OPERATING PROFIT 292 249 583 497
Interest income 14 20 32 34
Interest expense (50) (45) (97) (94)
Other gains 0 0 0 69
Equity in earnings of affiliates 2 4 10 11
INCOME BEFORE INCOME TAXES 258 228 528 517
Provision for income taxes (16) (14) (14) (12)
NET INCOME 242 214 514 505
Less: Net income attributable to non-controlling interests (3) (4) (7) (8)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 239 $ 210 $ 507 $ 497
Basic earnings per common share (in dollars per share) $ 0.34 $ 0.30 $ 0.72 $ 0.70
Diluted earnings per common share (in dollars per share) $ 0.34 $ 0.29 $ 0.72 $ 0.70
Rooms        
REVENUES        
Total Revenues $ 885 $ 850 $ 1,738 $ 1,670
EXPENSES        
Expenses 214 201 416 394
Food and beverage        
REVENUES        
Total Revenues 447 415 920 846
EXPENSES        
Expenses 286 263 581 532
Other        
REVENUES        
Total Revenues 134 128 279 258
EXPENSES        
Expenses 343 323 677 638
Management fees        
EXPENSES        
Expenses $ 69 $ 69 $ 138 $ 134