Rooms Revenue (USD, millions)

Food and beverage Revenue (USD, millions)

Other Revenue (USD, millions)

Total Revenues (USD, millions)

Rooms Expenses (USD, millions)

Food and beverage Expenses (USD, millions)

Other departmental and support expenses (USD, millions)

Management Fees (USD, millions)

Other property-level expenses (USD, millions)

Depreciation and Amortization (USD, millions)

Corporate and Other Expenses (USD, millions)

Gain on Insurance Settlements (USD, millions)

Total Operating Costs and Expenses (USD, millions)

Operating Profit (USD, millions)

Interest Income (USD, millions)

Interest Expense (USD, millions)

Other Gains (USD, millions)

Equity in Earnings (Losses) of Affiliates (USD, millions)

Income (Loss) Before Income Taxes (USD, millions)

Provision for Income Taxes (USD, millions)

Benefit for Income Taxes (USD, millions)

Net Income (Loss) (USD, millions)

Net Income Attributable to Non-controlling Interests (USD, millions)

NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. (USD, millions)

NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, L.P. (USD, millions)

Basic Earnings (Loss) per Common Share (USD)

Diluted Earnings (Loss) per Common Share (USD)

Basic Earnings (Loss) per Common Unit (USD)

Diluted Earnings (Loss) per Common Unit (USD)

337d712a9473a26102dbe29d7ae32e43724606a327930005af45bd657d1a24ac

Net income (USD, millions)

Depreciation and amortization (USD, millions)

Amortization of finance costs, discounts and premiums, net (USD, millions)

Loss on debt extinguishment (USD, millions)

Stock-based compensation expense (USD, millions)

Other gains (USD, millions)

Gain on property insurance settlement (USD, millions)

Equity in earnings of affiliates (USD, millions)

Change in due from/to managers (USD, millions)

Distributions from investments in affiliates (USD, millions)

Property insurance proceeds - remediation costs (USD, millions)

Payments for inventory costs (USD, millions)

Changes in other assets (USD, millions)

Changes in other liabilities (USD, millions)

Net cash provided by operating activities (USD, millions)

Proceeds from sales of assets, net (USD, millions)

Proceeds from (issuance of) loan receivable (USD, millions)

Return of investments in affiliates (USD, millions)

Advances to and investments in affiliates (USD, millions)

Acquisitions (USD, millions)

Renewals and replacements (USD, millions)

Return on investment (USD, millions)

Property insurance proceeds (USD, millions)

Net cash used in investing activities (USD, millions)

Financing costs (USD, millions)

Issuances of debt (USD, millions)

Draws on credit facility (USD, millions)

Repayment of credit facility (USD, millions)

Repurchase/redemption of senior notes (USD, millions)

Mortgage debt and other prepayments and scheduled maturities (USD, millions)

Debt extinguishment costs (USD, millions)

Common stock repurchases (USD, millions)

Dividends on common stock (USD, millions)

Distributions and payments to non-controlling interests (USD, millions)

Other financing activities (USD, millions)

Net cash provided by (used in) financing activities (USD, millions)

Effects of exchange rate changes on cash held (USD, millions)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (USD, millions)

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD (USD, millions)

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD (USD, millions)

1fa0cd05e875086e1b383ece3734dfa10cf72e887536f6068eee3c5e5aa7b983

The spike in **Cash and cash equivalents** for Q1 2024 was primarily due to a **strong net cash benefit from operating activities**, which contributed **$365 million** in the quarter. This was driven by a robust net income of **$272 million** along with significant non-cash adjustments such as **$180 million** in depreciation and amortization. Despite some outflows from investing and financing activities, the net impact was an increase of **$219 million**, raising the cash balance from **$1,144 million** at the end of Q4 2023 to **$1,349 million** by the end of Q1 2024.  **[0001070750-24-000128_hst-20240331.htm:5]** **[0001070750-24-000128_hst-20240331.htm:6]** 

Why did Cash and cash equivalents spike in Q1 2024?

The sharp drop in **cash and cash equivalents** in Q3 2024 is primarily due to significant **investing** and **financing activities**. The company used a large amount of cash for acquisitions—including the purchase of The Ritz-Carlton O'ahu, Turtle Bay—and made substantial capital expenditures for renewals, replacements, and other investment projects. In addition to this, considerable financing activities, such as issuing debt, repaying part of its credit facility, repurchasing common stock, and distributing dividends, contributed to the decline. Although there was strong operating performance that generated positive cash flow, it was more than offset by these large outflows, resulting in a net cash outflow of **$557 million** during the period.  **[0001070750-24-000184_hst-20240930.htm:7]** **[0001070750-24-000184_hst-20240930.htm:5]** **[0001070750-24-000184_hst-20240930.htm:6]** **[HST_3406617_5]** 

Why did Cash and cash equivalents drop so sharply in Q3 2024?

The jump in Total assets in Q3 2024 was primarily driven by **major acquisitions**—specifically, the purchase of **1 Hotel Central Park** for **$265 million** and the **Ritz-Carlton O'ahu, Turtle Bay** for **$680 million**—which were completed in July 2024. Additionally, there was a notable **increase in property and equipment, net** from **$9,624 million** to **$10,962 million**, along with adjustments in other asset categories such as the **furniture, fixtures, and equipment replacement fund** and **other assets**. A significant **decrease in cash and cash equivalents** also occurred as funds were redirected to support these investments.  **[0001070750-24-000180_hst-ex991.htm:1]** **[0001070750-24-000180_hst-ex991.htm:7]** 

What drove the jump in Total assets in Q3 2024?

The **total debt surged** in Q3 2024 due to multiple factors. The company issued **$700 million** in Series L Senior Notes, using part of these proceeds to repay **$525 million** of borrowings under its revolver portion used for past acquisitions. Additionally, it made **draws of $890 million** on its credit facility for liquidity management, and ramped up its acquisition spending by **$1.503 billion**. Together, these activities contributed to an overall increase of **$872 million** in total debt during the period.  **[0001070750-24-000184_hst-20240930.htm:38]** **[0001070750-24-000180_hst-ex991.htm:7]** **[0001070750-24-000184_hst-20240930.htm:6]** 

Why did Total debt surge in Q3 2024?

c188aa2a3e147302c55018987e1ef6638875914466e5268a68e4b9fea4b6b6e5

Property and equipment, net (USD, millions)

Right-of-use assets (USD, millions)

Due from managers (USD, millions)

Furniture, fixtures and equipment replacement fund (USD, millions)

Notes receivable (USD, millions)

Other Assets (USD, millions)

Cash and cash equivalents (USD, millions)

Total assets (USD, millions)

Senior notes (USD, millions)

Credit facility, including the term loans of $ 997 (USD, millions)

Mortgage and other debt (USD, millions)

Total debt (USD, millions)

Lease liabilities (USD, millions)

Accounts payable and accrued expenses (USD, millions)

Due to managers (USD, millions)

Other Liabilities (USD, millions)

Total liabilities (USD, millions)

Limited partnership interests of third parties (USD, millions)

Accumulated other comprehensive loss (USD, millions)

Non-controlling interests—consolidated partnerships (USD, millions)

Total capital (USD, millions)

Total liabilities, limited partnership interests of third parties and capital (USD, millions)

5ee8ed3858c73bf9f888ab704368b35f10fddc51a725b1602fc7b5961f8888fe

Current Assets [USD, Millions]

Cash and Cash Equivalents [USD, Millions]

Accounts Receivable [USD, Millions]

Inventory [USD, Millions]

Non-Current Assets [USD, Millions]

Property, Plant, and Equipment (PP&E) [USD, Millions]

Goodwill [USD, Millions]

Intangible Assets [USD, Millions]

Current Liabilities [USD, Millions]

Accounts Payable [USD, Millions]

Short-term Debt [USD, Millions]

Accrued Expenses [USD, Millions]

Non-Current Liabilities [USD, Millions]

Long-term Debt [USD, Millions]

Lease Liabilities [USD, Millions]

Deferred Tax Liabilities [USD, Millions]

Shareholders' Equity [USD, Millions]

Retained Earnings [USD, Millions]

Common Stock [USD, Millions]

Additional Paid-in Capital [USD, Millions]

c5176372b34347c10f230b78863eaf414f5e50972fe2bd1340a6cf9d3fd8d2e1

Total Revenue [USD, Millions]

Cost of Goods Sold (COGS) [USD, Millions]

SG&A [USD, Millions]

R&D [USD, Millions]

D&A [USD, Millions]

Interest Expense [USD, Millions]

Operating Income (EBIT) [USD, Millions]

Net Income [USD, Millions]

EPS - Basic [USD, Per Share]

EPS - Diluted [USD, Per Share]

c635418d7df596bd50bb2d94616a9e227857b20bb64985dd2a0480bbd458c5b0

Adjustments for Non-Cash Items [USD, Millions]

Stock-Based Compensation [USD, Millions]

Changes in Working Capital [USD, Millions]

Capital Expenditures (CapEx) [USD, Millions]

Proceeds from / Repayments of Debt [USD, Millions]

Share Repurchases [USD, Millions]

Dividend Payments [USD, Millions]

Net Change in Cash [USD, Millions]

107e3845450a65bebad798da0f9d2834415d9b8e357188141fe1329f8bd805b9

Number of properties for All Locations (Comparable Hotels) (number of properties)

HOST HOTELS & RESORTS (HST)

Financials