Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
Reconciliation of Net Income to EBITDA, EBITDAre and
Adjusted EBITDAre
The following tables reconcile net income to EBITDA, EBITDAre and Adjusted EBITDAre
for the first quarter 2024 and 2023 (in millions):
RECONCILIATIONS &
SUPPLEMENTAL INFO
The following tables reconcile net income to EBITDA, EBITDAre and Adjusted EBITDAre
for full year 2023 and 2019 (in millions):
Net income (loss)
Interest expense
Depreciation and amortization
Income taxes
EBITDA
Quarter ended March 31,
2024
2023
Net income (loss)
$
272
$
291
Interest expense
47
49
Depreciation and amortization
180
169
Income taxes
(2)
EBITDA
497
507
(Gain) loss on dispositions
(Gain) loss on dispositions
(69)
Non-cash impairment expense
Year ended December 31,
2023
2019
$
752 $
932
191
222
697
662
36
30
1,676
1,846
(70)
(334)
14
Equity investment adjustments:
Equity investment adjustments:
Equity in (earnings) losses of affiliates
(8)
(7)
Equity in (earnings) losses of affiliates
(6)
(14)
Pro rata EBITDAre of equity investments
15
13
Pro rata EBITDAre of equity investments
32
26
EBITDAre
504
444
EBITDAre
1,632
1,538
Adjustments to EBITDAre:
Adjustments to EBITDAre:
Gain on property insurance settlement
(21)
Adjusted EBITDAre
$
483
$
444
Gain on property insurance settlement
Adjusted EBITDAre
(3)
(4)
$
1,629
$
1,534
2024 Host Hotels & Resorts, Inc.
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