Item 6. Selected Financial Data (Host Hotels & Resorts, L.P.)

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Item 6. Selected Financial Data (Host Hotels & Resorts, L.P.)

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The following table presents certain selected historical financial data which has been derived from audited consolidated financial statements of Host Hotels & Resorts, L.P. for the five years ended December 31, 2016 and should be read in conjunction with the consolidated financial statements and related notes and Part II Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations”:

	Calendar year
	2016		2015		2014		2013		2012
	(in millions, except per unit amounts)
Income Statement Data:
Revenues	$	5,430	$	5,350	$	5,321	$	5,134	$	5,030
Income (loss) from continuing operations		771		565		741		206		(10	)
Income from discontinued operations, net of tax (1)		—		—		—		115		71
Net income		771		565		741		321		61
Net income attributable to Host Hotels & Resorts, L.P.		771		565		741		321		62
Basic earnings (loss) per common unit:
Continuing operations		1.05		.76		.99		.28		(.01	)
Discontinued operations (1)		—		—		—		.15		.10
Basic earnings per common unit		1.05		.76		.99		.43		.09
Diluted earnings (loss) per common unit:
Continuing operations		1.05		.76		.99		.28		(.01	)
Discontinued operations (1)		—		—		—		.15		.10
Diluted earnings per common unit		1.05		.76		.99		.43		.09
Distributions declared per common unit		.868		.817		.766		.470		.306
Balance Sheet Data:
Total assets	$	11,408	$	11,656	$	12,043	$	12,642	$	12,824
Debt		3,649		3,867		3,807		4,569		5,224
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(1)

Prior to 2014, discontinued operations reflects the operations of properties classified as held for sale, the results of operations of properties prior to their disposition and the gain or loss on those dispositions. We adopted ASU 2014-08 as of January 1, 2014, pursuant to which we only report discontinued operations if a disposal represents a strategic shift. No prior year restatements are permitted for this change in policy.

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