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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Host Hotels & Resorts L.P. and Subsidiaries - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
Net income $ 251 $ 272
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 196 180
Amortization of finance costs, discounts and premiums, net 3 2
Non-cash stock-based compensation expense 6 6
Other gains 4 0
Gain on property insurance settlement 0 (21)
Equity in earnings of affiliates (10) (8)
Change in due from/to managers (102) (58)
Distributions from investments in affiliates 3 3
Payments for inventory costs (19) (6)
Changes in other assets 16 8
Changes in other liabilities (35) (13)
Net cash provided by operating activities 305 365
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 5 0
Proceeds from loan receivable 79 0
Advances to and investments in affiliates (31) (18)
Capital expenditures:    
Renewals and replacements (100) (70)
Return on investment (46) (33)
Property insurance proceeds 10 21
Net cash used in investing activities (83) (100)
FINANCING ACTIVITIES    
Draws on credit facility 0 300
Mortgage debt and other prepayments and scheduled maturities (1) 0
Distributions and payments to non-controlling interests (2) (5)
Other financing activities (14) (23)
Net cash used in financing activities (327) (44)
Effects of exchange rate changes on cash held 1 (2)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (104) 219
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 798 1,363
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 694 1,582
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 428 1,349
Restricted cash (included in other assets) 2 2
Cash included in furniture, fixtures and equipment replacement fund 264 231
Total cash and cash equivalents and restricted cash shown in the statements of cash flows 694 1,582
Total interest paid 56 39
Income taxes paid 2 2
HOST HOTELS & RESORTS L.P.    
OPERATING ACTIVITIES    
Net income 251 272
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 196 180
Amortization of finance costs, discounts and premiums, net 3 2
Non-cash stock-based compensation expense 6 6
Other gains 4 0
Gain on property insurance settlement 0 (21)
Equity in earnings of affiliates (10) (8)
Change in due from/to managers (102) (58)
Distributions from investments in affiliates 3 3
Payments for inventory costs (19) (6)
Changes in other assets 16 8
Changes in other liabilities (35) (13)
Net cash provided by operating activities 305 365
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 5 0
Proceeds from loan receivable 79 0
Advances to and investments in affiliates (31) (18)
Capital expenditures:    
Renewals and replacements (100) (70)
Return on investment (46) (33)
Property insurance proceeds 10 21
Net cash used in investing activities (83) (100)
FINANCING ACTIVITIES    
Draws on credit facility 0 300
Mortgage debt and other prepayments and scheduled maturities (1) 0
Repurchase of common OP units (100) 0
Distributions on common OP units (212) (320)
Distributions and payments to non-controlling interests 0 (1)
Other financing activities (14) (23)
Net cash used in financing activities (327) (44)
Effects of exchange rate changes on cash held 1 (2)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (104) 219
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 798 1,363
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 694 1,582
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 428 1,349
Restricted cash (included in other assets) 2 2
Cash included in furniture, fixtures and equipment replacement fund 264 231
Total cash and cash equivalents and restricted cash shown in the statements of cash flows 694 $ 1,582
Total interest paid 56  
Income taxes paid $ 2