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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Host Hotels & Resorts L.P. and Subsidiaries - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income $ 476 $ 514
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 391 368
Amortization of finance costs, discounts and premiums, net 6 5
Non-cash stock-based compensation expense 11 11
Other gains (26) 0
Net gain on property insurance settlements 0 (47)
Equity in earnings of affiliates (14) (10)
Change in due from/to managers (58) (40)
Distributions from investments in affiliates 9 10
Payments for inventory costs (43) (19)
Changes in other assets 31 38
Changes in other liabilities (34) (12)
Net cash provided by operating activities 749 818
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 63 0
Proceeds from loan receivable 79 0
Return of investments in affiliates 3 0
Advances to and investments in affiliates (55) (32)
Acquisitions 0 (566)
Capital expenditures:    
Renewals and replacements (189) (147)
Return on investment (109) (77)
Property insurance proceeds 10 47
Net cash used in investing activities (198) (775)
FINANCING ACTIVITIES    
Financing costs (4) (6)
Issuances of debt 494 590
Draws on credit facility 0 365
Repayment of credit facility 0 (365)
Repurchase/redemption of senior notes (500) (400)
Mortgage debt and other prepayments and scheduled maturities (1) (1)
Distributions and payments to non-controlling interests (5) (7)
Other financing activities (14) (22)
Net cash used in financing activities (583) (353)
Effects of exchange rate changes on cash held 5 (4)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (27) (314)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 798 1,363
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 771 1,049
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 490 805
Restricted cash (included in other assets) 2 2
Cash included in furniture, fixtures and equipment replacement fund 279 242
Total cash and cash equivalents and restricted cash shown in the statements of cash flows 771 1,049
Total interest paid 119 91
Income taxes paid 7 5
HOST HOTELS & RESORTS L.P.    
OPERATING ACTIVITIES    
Net income 476 514
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 391 368
Amortization of finance costs, discounts and premiums, net 6 5
Non-cash stock-based compensation expense 11 11
Other gains (26) 0
Net gain on property insurance settlements 0 (47)
Equity in earnings of affiliates (14) (10)
Change in due from/to managers (58) (40)
Distributions from investments in affiliates 9 10
Payments for inventory costs (43) (19)
Changes in other assets 31 38
Changes in other liabilities (34) (12)
Net cash provided by operating activities 749 818
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 63 0
Proceeds from loan receivable 79 0
Return of investments in affiliates 3 0
Advances to and investments in affiliates (55) (32)
Acquisitions 0 (566)
Capital expenditures:    
Renewals and replacements (189) (147)
Return on investment (109) (77)
Property insurance proceeds 10 47
Net cash used in investing activities (198) (775)
FINANCING ACTIVITIES    
Financing costs (4) (6)
Issuances of debt 494 590
Draws on credit facility 0 365
Repayment of credit facility 0 (365)
Repurchase/redemption of senior notes (500) (400)
Mortgage debt and other prepayments and scheduled maturities (1) (1)
Repurchase of common OP units (205) (50)
Distributions on common OP units (353) (463)
Distributions and payments to non-controlling interests 0 (1)
Other financing activities (14) (22)
Net cash used in financing activities (583) (353)
Effects of exchange rate changes on cash held 5 (4)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (27) (314)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 798 1,363
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 771 1,049
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 490 805
Restricted cash (included in other assets) 2 2
Cash included in furniture, fixtures and equipment replacement fund 279 242
Total cash and cash equivalents and restricted cash shown in the statements of cash flows 771 $ 1,049
Total interest paid 119  
Income taxes paid $ 7