For the year ending 2025-12-31, HST had $139M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 776 | 707 | 752 | 643 |
| Depreciation and amortization | 795 | 762 | 697 | 664 |
| Amortization of finance costs, discounts and premiums, net | 11 | 10 | 9 | 10 |
| Loss on extinguishment of debt | 0 | 0 | -4 | 0 |
| Non-cash stock-based compensation expense | 26 | 24 | 30 | 26 |
| Deferred income taxes | 28 | 8 | 26 | 20 |
| Other gains | 148 | 0 | 71 | 17 |
| Gain on property insurance settlement | 0 | 70 | 3 | 6 |
| Equity in earnings of affiliates | 18 | 7 | 6 | 3 |
| Change in due from/to managers | -15 | -69 | 40 | -15 |
| Distributions from investments in affiliates | 24 | 18 | 31 | 30 |
| Property insurance proceeds - remediation costs | 20 | 4 | 101 | - |
| Payments for inventory costs | 88 | 64 | 15 | - |
| Decrease in inventory for units sold | -71 | - | - | - |
| Changes in other assets | -17 | 9 | 3 | -20 |
| Changes in other liabilities | -19 | 46 | -71 | 14 |
| Net cash provided by operating activities | 1,510 | 1,498 | 1,441 | 1,416 |
| Proceeds from sales of assets, net | 125 | 0 | 34 | 236 |
| Proceeds from loan receivable | - | - | 413 | 0 |
| Proceeds from (issuance of) loan receivable | -79 | 7 | - | - |
| Return of investments in affiliates | 3 | 1 | 5 | - |
| Advances to and investments in affiliates | 97 | 56 | 25 | 60 |
| Acquisitions | 2 | 1,504 | 0 | 301 |
| Renewals and replacements | 362 | 288 | 451 | 197 |
| Return on investment | 282 | 260 | 195 | 307 |
| Property insurance proceeds | 29 | 74 | 36 | 11 |
| Net cash used in investing activities | -507 | -2,040 | -183 | -618 |
| Financing costs | 8 | 12 | 10 | 1 |
| Issuances of debt | 892 | 1,279 | 0 | 0 |
| Draws on credit facility | 0 | 890 | - | 0 |
| Repayment of credit facility | 0 | 890 | 0 | 683 |
| Repurchase/redemption of senior notes | 900 | 400 | 0 | 0 |
| Redemption of preferred equity units of host l.p | - | - | - | 0 |
| Mortgage debt and other prepayments and scheduled maturities | 2 | 2 | 7 | 2 |
| Debt extinguishment costs | 0 | 0 | 3 | 0 |
| Issuance of common stock | - | - | 1 | 1 |
| Common stock repurchases | 205 | 107 | 182 | 27 |
| Dividends on common stock | 623 | 737 | 547 | 150 |
| Distributions and payments to non-controlling interests | 9 | 12 | 10 | 3 |
| Other financing activities | -13 | -22 | -13 | -9 |
| Net cash used in financing activities | -868 | -13 | -771 | -874 |
| Effects of exchange rate changes on cash held | 4 | -10 | 2 | -3 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 139 | -565 | 489 | -79 |
| Cash and cash equivalents and restricted cash, beginning of period | 798 | 1,363 | 874 | 953 |
| Cash and cash equivalents and restricted cash, end of period | 937 | 798 | 1,363 | 874 |
HOST HOTELS & RESORTS, INC. (HST)
HOST HOTELS & RESORTS, INC. (HST)