Howard Hughes Corporation (The) (HHC) financial statements (2021 and earlier)

Company profile

Business Address ONE GALLERIA TOWER
DALLAS, TX 75240
State of Incorp. DE
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 857931972423638
Cash and cash equivalents 857931972423638
Total current assets: 857931972423638
Noncurrent Assets
Operating lease, right-of-use asset 5758   
Property, plant and equipment 4,0704,0333,9023,8146,135
Long-term investments and receivables 390120127 122
Long-term investments 390120127 122
Intangible assets, net (including goodwill) 3333336033
Goodwill    1 
Intangible assets, net (excluding goodwill) 3333335833
Regulated entity, other noncurrent assets  5555
Total noncurrent assets: 4,5494,2494,0673,8786,296
Other undisclosed assets 3,6344,0654,0814,1121,014
TOTAL ASSETS: 9,0419,2459,1208,4147,948
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt 178132   
Deferred income tax liabilities 178132   
Total noncurrent liabilities: 178132   
Other undisclosed liabilities 5,1195,3735,3475,0814,568
Total liabilities: 5,2975,5055,3475,0814,568
Temporary equity, carrying amount 30    
Stockholders' equity
Stockholders' equity attributable to parent 3,7133,5553,5883,1483,192
Common stock 11100
Treasury stock, value (121)(121)(121)(121)(62)
Additional paid in capital 3,9423,9423,9393,3443,334
Accumulated other comprehensive loss (43)(61)(60)(29)(36)
Accumulated deficit (66)(206)(172)(46)(45)
Stockholders' equity attributable to noncontrolling interest 0185185185189
Total stockholders' equity: 3,7143,7403,7733,3333,380
TOTAL LIABILITIES AND EQUITY: 9,0419,2459,1208,4147,948

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues(486)154156175284231
Cost of revenue (91)(93)(144)(671)(4)
Cost of goods and services sold     (4)
Gross profit: 646331(387)228
Operating expenses (79)(73)(154)409(210)
Other operating income (expense), net 110(14)(1)26
Other undisclosed operating income (loss)    (4)4
Operating income (loss): (14)(0)(137)1747
Nonoperating income
(Investment Income, Nonoperating)
 00123
Interest and debt expense (45)(32)(34)(29)(29)
Income (loss) from continuing operations before equity method investments, income taxes: (59)(32)(171)(10)21
Income (loss) from equity method investments 267(9)11105
Other undisclosed income from continuing operations before income taxes    514
Income (loss) from continuing operations before income taxes: 208(41)(159)439
Income tax expense (benefit) (44)734(5)(9)
Net income (loss): 164(34)(125)(1)30
Net income (loss) attributable to noncontrolling interest (24)0(0)(0)(0)
Net income (loss) available to common stockholders, diluted: 140(34)(125)(1)30

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net income (loss): 164(34)(125)(1)30
Other comprehensive income (loss) 5(0)(7)  
Other undisclosed comprehensive income (loss)  (1)(24)6(7)
Comprehensive income (loss): 169(35)(156)523
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (24)0(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent: 145(35)(156)523

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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