XML 39 R12.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - Host Hotels & Resorts L.P. and Subsidiaries - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
Total revenues $ 5,684 $ 5,311 $ 4,907
EXPENSES      
Other property-level expenses 411 383 325
Depreciation and amortization 762 697 664
Corporate and other expenses 123 132 107
Net gain on insurance settlements (110) (86) (17)
Total operating costs and expenses 4,809 4,484 4,132
OPERATING PROFIT 875 827 775
Interest income 54 75 30
Interest expense (215) (191) (156)
Other gains 0 71 17
Equity in earnings of affiliates 7 6 3
INCOME BEFORE INCOME TAXES 721 788 669
Provision for income taxes (14) (36) (26)
NET INCOME 707 752 643
Less: Net income attributable to non-controlling interests (10) (12) (10)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 697 $ 740 $ 633
Basic earnings per common unit (in dollars per unit) $ 0.99 $ 1.04 $ 0.89
Diluted earnings per common unit (in dollars per unit) $ 0.99 $ 1.04 $ 0.88
HOST HOTELS & RESORTS L.P.      
REVENUES      
Total revenues $ 5,684 $ 5,311 $ 4,907
EXPENSES      
Other property-level expenses 411 383 325
Depreciation and amortization 762 697 664
Corporate and other expenses 123 132 107
Net gain on insurance settlements (110) (86) (17)
Total operating costs and expenses 4,809 4,484 4,132
OPERATING PROFIT 875 827 775
Interest income 54 75 30
Interest expense (215) (191) (156)
Other gains 0 71 17
Equity in earnings of affiliates 7 6 3
INCOME BEFORE INCOME TAXES 721 788 669
Provision for income taxes (14) (36) (26)
NET INCOME 707 752 643
Less: Net income attributable to non-controlling interests (1) (1) (1)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 706 $ 751 $ 642
Basic earnings per common unit (in dollars per unit) $ 1.01 $ 1.07 $ 0.91
Diluted earnings per common unit (in dollars per unit) $ 1.01 $ 1.06 $ 0.90
Rooms      
REVENUES      
Total revenues $ 3,426 $ 3,244 $ 3,014
EXPENSES      
Expenses 849 787 727
Rooms | HOST HOTELS & RESORTS L.P.      
REVENUES      
Total revenues 3,426 3,244 3,014
EXPENSES      
Expenses 849 787 727
Food and beverage      
REVENUES      
Total revenues 1,716 1,582 1,418
EXPENSES      
Expenses 1,137 1,042 928
Food and beverage | HOST HOTELS & RESORTS L.P.      
REVENUES      
Total revenues 1,716 1,582 1,418
EXPENSES      
Expenses 1,137 1,042 928
Other      
REVENUES      
Total revenues 542 485 475
EXPENSES      
Expenses 1,383 1,280 1,181
Other | HOST HOTELS & RESORTS L.P.      
REVENUES      
Total revenues 542 485 475
EXPENSES      
Expenses 1,383 1,280 1,181
Management fees      
EXPENSES      
Expenses 254 249 217
Management fees | HOST HOTELS & RESORTS L.P.      
EXPENSES      
Expenses $ 254 $ 249 $ 217