Host Hotels & Resorts (HST) FY2012 results: revenue $5.1 billion, up 7.3% on the year
Host Hotels & Resorts, Inc. (HST) reported revenue of $5.1 billion for fiscal 2012, the year ended 31 December 2012, up 7.3% on the year before. Net income was $61 million, and diluted earnings per share $0.08. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2013.
Revenue
$5.1 billion
+7.3% on the year
FY2007FY2012
Operating margin
7.2%
6.6% a year earlier
FY2007FY2012
Net income
$61 million
FY2007FY2012
Diluted EPS
$0.08
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
5,059
4,714
4,361
+7.3%
Operating income
362
309
n/a
+17.2%
Operating margin
7.2%
6.6%
n/a
Interest expense
373
371
383
+0.5%
Pre-tax income
23.0
-28.0
-158
Income tax
31.0
-1.0
n/a
Effective tax rate
134.8%
n/a
n/a
Net income
61.0
-15.0
n/a
Net margin
1.2%
-0.3%
n/a
Diluted EPS
$0.08
-$0.02
n/a
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
781
662
n/a
+18.0%
Capital expenditure
366
327
n/a
+11.9%
Free cash flow
415
335
n/a
+23.9%
Free cash flow margin
8.2%
7.1%
n/a
Cash from investing
-886
-1,576
n/a
Cash from financing
-305
628
n/a
Depreciation and amortisation
722
609
n/a
+18.6%
Share-based compensation
16.0
19.0
40.0
-15.8%
Dividends paid
187
70.0
n/a
+167.1%
Dividend per share
$0.30
$0.14
$0.04
+114.3%
Diluted shares, weighted
720m
693m
n/a
+3.8%
Shares outstanding at period end
725m
705m
676m
+2.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
6,825
n/a
n/a
Non-controlling interest
34.0
n/a
n/a
Redeemable equity
158
n/a
n/a
Debt
461
328
5,512
+40.5%
Other liabilities
5,516
n/a
n/a
Total liabilities and equity
12,994
n/a
n/a
Fixed assets
11,588
11,383
10,514
+1.8%
Cash and equivalents
417
826
1,113
-49.5%
Other assets
989
n/a
n/a
Total assets
12,994
n/a
n/a
10-K for the year ended 31 December 2012, filed 25 February 2013: the filing.