HOST HOTELS & RESORTS L.P.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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.
Mar 31, 2026 · Filed May 8, 2026
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
| Quarter endedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| OPERATING ACTIVITIES | ||
| Net income | $501 | $251 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 190 | 196 |
| Amortization of finance costs, discounts and premiums, net | 3 | 3 |
| Non-cash stock-based compensation expense | 6 | 6 |
| Other gains | (242) | (4) |
| Equity in earnings of affiliates | (4) | (10) |
| Change in due from/to managers | (125) | (102) |
| Distributions from investments in affiliates | 2 | 3 |
| Property insurance proceeds - remediation costs | 1 | — |
| Payments for inventory costs | (8) | (19) |
| Decrease in inventory for units sold | 18 | — |
| Changes in other assets | 9 | 16 |
| Changes in other liabilities | (9) | (35) |
| Net cash provided by operating activities | 342 | 305 |
| INVESTING ACTIVITIES | ||
| Proceeds from sales of assets, net | 1,060 | 5 |
| Proceeds from loan receivable | — | 79 |
| Advances to and investments in affiliates | (24) | (31) |
| Capital expenditures: | ||
| Renewals and replacements | (71) | (100) |
| Return on investment | (51) | (46) |
| Property insurance proceeds | — | 10 |
| Net cash provided by (used in) investing activities | 914 | (83) |
| FINANCING ACTIVITIES | ||
| Mortgage debt and other prepayments and scheduled maturities | (1) | (1) |
| Common stock repurchases | (75) | (100) |
| Dividends on common stock | (241) | (210) |
| Distributions and payments to non-controlling interests | (3) | (2) |
| Other financing activities | (17) | (14) |
| Net cash used in financing activities | (337) | (327) |
| Effects of exchange rate changes on cash held | — | 1 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | 919 | (104) |
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD | 937 | 798 |
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD | $1,856 | $694 |
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:
| March 31, 2026 | March 31, 2025 | |
|---|---|---|
| Cash and cash equivalents | $1,703 | $428 |
| Restricted cash (included in other assets) | 2 | 2 |
| Cash included in furniture, fixtures and equipment replacement fund | 151 | 264 |
| Total cash and cash equivalents and restricted cash shown in the statements of cash flows | $1,856 | $694 |
The following table presents cash paid for the following:
| Quarter ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Total interest paid | $41 | $56 |
| Income taxes paid | $9 | $2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.