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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - Host Hotels & Resorts L.P. and Subsidiaries - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES        
Total revenues $ 1,319 $ 1,214 $ 4,256 $ 3,988
EXPENSES        
Other property-level expenses 108 106 313 290
Depreciation and amortization 197 174 565 511
Corporate and other expenses 25 29 81 90
Gain on insurance settlements (29) (54) (116) (57)
Total operating costs and expenses 1,184 1,057 3,538 3,334
OPERATING PROFIT 135 157 718 654
Interest income 11 22 43 56
Interest expense (59) (48) (156) (142)
Other gains 1 1 1 70
Equity in earnings (losses) of affiliates 2 (4) 12 7
INCOME BEFORE INCOME TAXES 90 128 618 645
Provision for income taxes (6) (15) (20) (27)
NET INCOME 84 113 598 618
Less: Net income attributable to non-controlling interests (2) (2) (9) (10)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 82 $ 111 $ 589 $ 608
Basic earnings per common unit (in dollars per unit) $ 0.12 $ 0.16 $ 0.84 $ 0.85
Diluted earnings per common unit (in dollars per unit) $ 0.12 $ 0.16 $ 0.84 $ 0.85
HOST HOTELS & RESORTS L.P.        
REVENUES        
Total revenues $ 1,319 $ 1,214 $ 4,256 $ 3,988
EXPENSES        
Other property-level expenses 108 106 313 290
Depreciation and amortization 197 174 565 511
Corporate and other expenses 25 29 81 90
Gain on insurance settlements (29) (54) (116) (57)
Total operating costs and expenses 1,184 1,057 3,538 3,334
OPERATING PROFIT 135 157 718 654
Interest income 11 22 43 56
Interest expense (59) (48) (156) (142)
Other gains 1 1 1 70
Equity in earnings (losses) of affiliates 2 (4) 12 7
INCOME BEFORE INCOME TAXES 90 128 618 645
Provision for income taxes (6) (15) (20) (27)
NET INCOME 84 113 598 618
Less: Net income attributable to non-controlling interests (1) 0 (1) (1)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 83 $ 113 $ 597 $ 617
Basic earnings per common unit (in dollars per unit) $ 0.12 $ 0.16 $ 0.86 $ 0.87
Diluted earnings per common unit (in dollars per unit) $ 0.12 $ 0.16 $ 0.85 $ 0.87
Rooms        
REVENUES        
Total revenues $ 825 $ 777 $ 2,563 $ 2,447
EXPENSES        
Expenses 216 196 632 590
Rooms | HOST HOTELS & RESORTS L.P.        
REVENUES        
Total revenues 825 777 2,563 2,447
EXPENSES        
Expenses 216 196 632 590
Food and beverage        
REVENUES        
Total revenues 365 328 1,285 1,174
EXPENSES        
Expenses 267 241 848 773
Food and beverage | HOST HOTELS & RESORTS L.P.        
REVENUES        
Total revenues 365 328 1,285 1,174
EXPENSES        
Expenses 267 241 848 773
Other        
REVENUES        
Total revenues 129 109 408 367
EXPENSES        
Expenses 345 314 1,022 952
Other | HOST HOTELS & RESORTS L.P.        
REVENUES        
Total revenues 129 109 408 367
EXPENSES        
Expenses 345 314 1,022 952
Management fees        
EXPENSES        
Expenses 55 51 193 185
Management fees | HOST HOTELS & RESORTS L.P.        
EXPENSES        
Expenses $ 55 $ 51 $ 193 $ 185