Host Hotels & Resorts (HST) FY2017 results: revenue $5.4 billion, down 0.8% on the year
Host Hotels & Resorts, Inc. (HST) reported revenue of $5.4 billion for fiscal 2017, the year ended 31 December 2017, down 0.8% on the year before. Net income was $564 million, down 26.0%, and diluted earnings per share $0.76. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2018.
Revenue
$5.4 billion
-0.8% on the year
FY2010FY2017
Operating margin
12.5%
12.6% a year earlier
FY2010FY2017
Net income
$564 million
-26.0% on the year
FY2010FY2017
Diluted EPS
$0.76
-25.5% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
5,387
5,430
5,350
-0.8%
Operating income
676
684
631
-1.2%
Operating margin
12.5%
12.6%
11.8%
Interest expense
167
154
227
+8.4%
Pre-tax income
651
811
574
-19.7%
Income tax
80.0
40.0
9.0
+100.0%
Effective tax rate
12.3%
4.9%
1.6%
Net income
564
762
558
-26.0%
Net margin
10.5%
14.0%
10.4%
Diluted EPS
$0.76
$1.02
$0.74
-25.5%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,230
1,303
1,160
-5.6%
Capital expenditure
205
293
383
-30.0%
Free cash flow
1,025
1,010
777
+1.5%
Free cash flow margin
19.0%
18.6%
14.5%
Cash from investing
-267
-99.0
n/a
Cash from financing
-402
-1,037
n/a
Depreciation and amortisation
751
724
708
+3.7%
Share-based compensation
11.0
12.0
11.0
-8.3%
Buybacks
n/a
218
675
Dividends paid
628
596
646
+5.4%
Dividend per share
$0.85
$0.85
$0.80
0.0%
Diluted shares, weighted
739m
744m
753m
-0.6%
Shares outstanding at period end
739m
738m
750m
+0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
6,973
6,994
7,064
-0.3%
Non-controlling interest
29.0
39.0
40.0
-25.6%
Redeemable equity
167
165
143
+1.2%
Debt
3,954
3,649
3,867
+8.4%
Other liabilities
570
561
542
+1.6%
Total liabilities and equity
11,693
11,408
11,656
+2.5%
Fixed assets
9,692
10,145
10,583
-4.5%
Cash and equivalents
913
372
221
+145.4%
Other assets
1,088
891
852
+22.1%
Total assets
11,693
11,408
11,656
+2.5%
10-K for the year ended 31 December 2017, filed 27 February 2018: the filing.