Host Hotels & Resorts Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	776	707	752	643	-11
Depreciation & Amortization	795	762	697	664	762
Stock-Based Compensation	26	24	30	26	18
Other Adjustments	-156	-32	36	49	-527
Changes in Inventories	71	-	-	-	-
Changes in Other Operating Activities	-2	37	-74	34	50
Operating Cash Flow	1,510	1,498	1,441	1,416	292
Operating Cash Flow Growth	0.80%	3.96%	1.77%	384.93%	-
Capital Expenditures	-644	-548	-646	-504	-427
Sale of Property, Plant & Equipment	154	74	70	247	729
Payments for Business Acquisitions	-2	-1,504	-	-301	-1,458
Other Investing Activities	-15	-62	393	-60	-2
Investing Cash Flow	-507	-2,040	-183	-618	-1,158
Short-Term Debt Issued	-	890	-	-	-
Short-Term Debt Repaid	-	-890	-	-683	-800
Net Short-Term Debt Issued (Repaid)	-	-	-	-683	-800
Long-Term Debt Issued	892	1,279	-	-	443
Long-Term Debt Repaid	-902	-402	-7	-2	-422
Net Long-Term Debt Issued (Repaid)	-10	877	-7	-2	21
Issuance of Common Stock	-	-	-	-	138
Repurchase of Common Stock	-205	-107	-182	-27	-
Net Common Stock Issued (Repurchased)	-205	-107	-182	-27	138
Common Dividends Paid	-623	-737	-547	-150	-
Other Financing Activities	-30	-46	-35	-12	-16
Financing Cash Flow	-868	-13	-771	-874	-657
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4	-10	2	-3	-
Net Cash Flow	139	-565	489	-79	-1,523
Free Cash Flow	866	950	795	912	-135
Free Cash Flow Growth	-8.84%	19.50%	-12.83%	-	-
FCF Margin	14.16%	16.71%	14.97%	18.59%	-4.67%
Free Cash Flow Per Share	1.25	1.35	1.12	1.27	-0.19
Levered Free Cash Flow	997	1,845	734	162	-405
Unlevered Free Cash Flow	1,031	1,109	766.22	938.88	358.04

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.