Host Hotels & Resorts (HST) FY2015 results: revenue $5.3 billion, up 0.5% on the year
Host Hotels & Resorts, Inc. (HST) reported revenue of $5.3 billion for fiscal 2015, the year ended 31 December 2015, up 0.5% on the year before. Net income was $558 million, down 23.8%, and diluted earnings per share $0.74. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2016.
Revenue
$5.3 billion
+0.5% on the year
FY2008FY2015
Operating margin
11.8%
13.0% a year earlier
FY2008FY2015
Net income
$558 million
-23.8% on the year
FY2008FY2015
Diluted EPS
$0.74
-22.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
5,350
5,321
5,166
+0.5%
Operating income
631
694
512
-9.1%
Operating margin
11.8%
13.0%
9.9%
Interest expense
227
207
304
+9.7%
Pre-tax income
574
755
231
-24.0%
Income tax
9.0
14.0
21.0
-35.7%
Effective tax rate
1.6%
1.9%
9.1%
Net income
558
732
317
-23.8%
Net margin
10.4%
13.8%
6.1%
Diluted EPS
$0.74
$0.96
$0.42
-22.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,160
1,140
1,019
+1.8%
Capital expenditure
383
316
303
+21.2%
Free cash flow
777
824
716
-5.7%
Free cash flow margin
14.5%
15.5%
13.9%
Cash from investing
n/a
n/a
-75.0
Cash from financing
n/a
n/a
-493
Depreciation and amortisation
708
693
697
+2.2%
Share-based compensation
11.0
22.0
18.0
-50.0%
Buybacks
675
n/a
n/a
Dividends paid
646
469
313
+37.7%
Dividend per share
$0.80
$0.75
$0.46
+6.7%
Diluted shares, weighted
753m
787m
748m
-4.3%
Shares outstanding at period end
750m
756m
755m
-0.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
7,064
7,336
7,228
-3.7%
Non-controlling interest
40.0
32.0
34.0
+25.0%
Redeemable equity
143
225
190
-36.4%
Debt
3,867
3,957
4,759
-2.3%
Other liabilities
542
622
603
-12.9%
Total liabilities and equity
11,656
12,172
12,814
-4.2%
Fixed assets
10,583
10,494
10,995
+0.8%
Cash and equivalents
221
666
839
-66.8%
Other assets
852
1,012
980
-15.8%
Total assets
11,656
12,172
12,814
-4.2%
10-K for the year ended 31 December 2015, filed 22 February 2016: the filing.