HOST HOTELS & RESORTS L.P.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (unaudited) - and
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year-to-date endedSeptember 30, | ||
|---|---|---|
| 2025 | 2024 | |
| OPERATING ACTIVITIES | ||
| Net income | $639 | $598 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 587 | 565 |
| Amortization of finance costs, discounts and premiums, net | 9 | 7 |
| Non-cash stock-based compensation expense | 16 | 17 |
| Other gains | (148) | (1) |
| Net gain on property insurance settlements | — | (76) |
| Equity in earnings of affiliates | (16) | (12) |
| Change in due from/to managers | (60) | 51 |
| Distributions from investments in affiliates | 15 | 14 |
| Property insurance proceeds - remediation costs | — | 4 |
| Payments for inventory costs | (67) | (36) |
| Changes in other assets | (7) | (14) |
| Changes in other liabilities | (1) | 50 |
| Net cash provided by operating activities | 967 | 1,167 |
| INVESTING ACTIVITIES | ||
| Proceeds from sales of assets, net | 121 | — |
| Proceeds from (issuance of) loan receivable | 79 | (6) |
| Return of investments in affiliates | 3 | 1 |
| Advances to and investments in affiliates | (65) | (42) |
| Acquisitions | — | (1,503) |
| Capital expenditures: | ||
| Renewals and replacements | (270) | (211) |
| Return on investment | (184) | (164) |
| Property insurance proceeds | 16 | 74 |
| Net cash used in investing activities | (300) | (1,851) |
| FINANCING ACTIVITIES | ||
| Financing costs | (4) | (12) |
| Issuances of debt | 494 | 1,279 |
| Draws on credit facility | — | 890 |
| Repayment of credit facility | — | (890) |
| Repurchase/redemption of senior notes | (500) | (400) |
| Mortgage debt and other prepayments and scheduled maturities | (2) | (2) |
| Common stock repurchases | (205) | (107) |
| Dividends on common stock | (486) | (598) |
| Distributions and payments to non-controlling interests | (7) | (9) |
| Other financing activities | (13) | (22) |
| Net cash provided by (used in) financing activities | (723) | 129 |
| Effects of exchange rate changes on cash held | 4 | (2) |
| NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | (52) | (557) |
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD | 798 | 1,363 |
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD | $746 | $806 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, CONTINUED
(unaudited)
Supplemental disclosure of cash flow information (in millions):
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the balance sheet to the amount shown in the statements of cash flows:
| September 30, 2025 | September 30, 2024 | |
|---|---|---|
| Cash and cash equivalents | $539 | $564 |
| Restricted cash (included in other assets) | 2 | 2 |
| Cash included in furniture, fixtures and equipment replacement fund | 205 | 240 |
| Total cash and cash equivalents and restricted cash shown in the statements of cash flows | $746 | $806 |
The following table presents cash paid for the following:
| Year-to-date ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Total interest paid | $170 | $131 |
| Income taxes paid | $9 | $6 |
Supplemental schedule of noncash investing and financing activities:
In connection with the sale of Washington Marriott at Metro Center in August 2025, we issued a $114 million loan to the buyer. The proceeds received from the sale are net of this loan.
In 2024, non-cash consideration for the acquisition of The Ritz-Carlton O'ahu, Turtle Bay included the assumption of hotel level liabilities of approximately $15 million, consisting primarily of advanced deposits received from guests for future stays that were retained by the seller.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.