Host Hotels & Resorts (HST) FY2021 results: revenue $2.9 billion, up 78.4% on the year
Host Hotels & Resorts, Inc. (HST) reported revenue of $2.9 billion for fiscal 2021, the year ended 31 December 2021, up 78.4% on the year before. Net income was -$11 million, and diluted earnings per share $-0.02. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$2.9 billion
+78.4% on the year
FY2014FY2021
Operating margin
-8.7%
-58.8% a year earlier
FY2014FY2021
Net income
-$11 million
FY2014FY2021
Diluted EPS
-$0.02
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
292
-307
1,250
Capital expenditure
293
343
336
-14.6%
Free cash flow
-1.0
-650
914
Free cash flow margin
-0.0%
-40.1%
16.7%
Cash from investing
-1,158
-195
58.0
Cash from financing
-657
1,231
-1,315
Depreciation and amortisation
762
665
676
+14.6%
Share-based compensation
18.0
17.0
15.0
+5.9%
Buybacks
0.0
147
482
Dividends paid
0.0
320
623
Dividend per share
$0.00
$0.20
$0.85
Diluted shares, weighted
n/a
706m
731m
Shares outstanding at period end
714m
705m
713m
+1.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,441
6,321
7,319
+1.9%
Non-controlling interest
5.0
5.0
6.0
0.0%
Redeemable equity
126
108
142
+16.7%
Debt
4,891
5,541
3,794
-11.7%
Operating lease liabilities
564
610
606
-7.5%
Other liabilities
325
305
438
+6.6%
Total liabilities and equity
12,352
12,890
12,305
-4.2%
Fixed assets
9,994
9,416
9,671
+6.1%
Cash and equivalents
807
2,335
1,573
-65.4%
Other assets
1,551
1,139
1,061
+36.2%
Total assets
12,352
12,890
12,305
-4.2%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.