EXHIBIT 99.1
| Item 6. | Selected Financial Data (Host Hotels & Resorts, Inc.) |
The following table presents certain selected historical financial data which has been derived from audited consolidated financial statements for the five years ended December 31, 2011. The following information should be read in conjunction with the consolidated financial statements and related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”:
| Calendar year | ||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
| (in millions, except per share amounts) | ||||||||||||||||||||
Income Statement Data: | ||||||||||||||||||||
Revenues | $ | 4,947 | $ | 4,384 | $ | 4,094 | $ | 5,058 | $ | 5,166 | ||||||||||
Income (loss) from continuing operations | (11 | ) | (128 | ) | (196 | ) | 378 | 528 | ||||||||||||
Income (loss) from discontinued operations, net of tax (1) | (5 | ) | (4 | ) | (62 | ) | 36 | 206 | ||||||||||||
Net income (loss) | (16 | ) | (132 | ) | (258 | ) | 414 | 734 | ||||||||||||
Net income (loss) attributable to Host Hotels & Resorts, Inc. | (15 | ) | (130 | ) | (252 | ) | 395 | 703 | ||||||||||||
Net income (loss) available to common stockholders | (15 | ) | (138 | ) | (261 | ) | 386 | 694 | ||||||||||||
Basic earnings (loss) per common share : | ||||||||||||||||||||
Income (loss) from continuing operations | (.01 | ) | (.20 | ) | (.34 | ) | .67 | .94 | ||||||||||||
Income (loss) from discontinued operations | (.01 | ) | (.01 | ) | (.11 | ) | .07 | .39 | ||||||||||||
Net income (loss) | (.02 | ) | (.21 | ) | (.45 | ) | .74 | 1.33 | ||||||||||||
Diluted earnings (loss) per common share: | ||||||||||||||||||||
Income (loss) from continuing operations | (.01 | ) | (.20 | ) | (.34 | ) | .65 | .93 | ||||||||||||
Income (loss) from discontinued operations | (.01 | ) | (.01 | ) | (.11 | ) | .07 | .39 | ||||||||||||
Net income (loss) | (.02 | ) | (.21 | ) | (.45 | ) | .72 | 1.32 | ||||||||||||
Dividends declared per common share | .14 | .04 | .25 | .65 | 1.00 | |||||||||||||||
Balance Sheet Data: | ||||||||||||||||||||
Total assets | $ | 13,068 | $ | 12,411 | $ | 12,555 | $ | 11,950 | $ | 11,811 | ||||||||||
Debt | 5,753 | 5,477 | 5,837 | 5,876 | 5,515 | |||||||||||||||
Preferred stock | — | — | 97 | 97 | 97 | |||||||||||||||
| (1) | Discontinued operations reflects the operations of properties classified as held-for-sale, the results of operations of properties prior to their disposition and the gain or loss on those dispositions. |
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