Howard Hughes Corporation (The) (HHC) financial statements (2022 and earlier)

Company profile

Business Address 9950 WOODLOCH FOREST DR.
THE WOODLANDS, TX 77380
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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8431,0111,063976 857
Cash and cash equivalents8431,0111,063976 857
Total current assets:8431,0111,063976 857
Noncurrent Assets
Operating lease, right-of-use asset57545555 57
Property, plant and equipment3,9623,9594,1714,138 4,070
Long-term investments and receivables     390
Long-term investments     390
Intangible assets, net (including goodwill)31313132 33
Goodwill1     
Intangible assets, net (excluding goodwill)30313132 33
Total noncurrent assets:4,0514,0434,2564,225 4,549
Other undisclosed assets4,6884,4613,9893,953 3,634
TOTAL ASSETS:9,5829,5159,3099,154 9,041
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt205174167168 178
Deferred income tax liabilities205174167168 178
Total noncurrent liabilities:205174167168 178
Other undisclosed liabilities5,6445,6335,4435,297 5,119
Total liabilities:5,8495,8075,6105,465 5,297
Temporary equity, carrying amount23252728 30
Stockholders' equity
Stockholders' equity attributable to parent3,7103,6833,6723,661 3,713
Common stock1111 1
Treasury stock, value(220)(122)(122)(122) (121)
Additional paid in capital3,9603,9583,9553,953 3,942
Accumulated other comprehensive loss(14)(23)(28)(31) (43)
Accumulated deficit(16)(130)(134)(139) (66)
Stockholders' equity attributable to noncontrolling interest1(0)00 0
Total stockholders' equity:3,7113,6833,6723,661 3,714
TOTAL LIABILITIES AND EQUITY:9,5829,5159,3099,154 9,041

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Revenues806219212191(486)154
Cost of revenue(447)(38)(39)(84) (91)
Cost of goods and services sold 33    
Gross profit:359181173107 64
Operating expenses(150)(170)(155)(131) (79)
Other operating income (expense), net(7)388(10) 1
Operating income (loss):2024926(35) (14)
Nonoperating income
(Investment Income, Nonoperating)
0000 0
Interest and debt expense(33)(33)(31)(70) (45)
Income (loss) from continuing operations before equity method investments, income taxes:16916(6)(105) (59)
Income (loss) from equity method investments(26)(8)816 267
Income (loss) from continuing operations before income taxes:14382(89) 208
Income tax expense (benefit)(32)(6)221 (44)
Net income (loss):11124(68) 164
Net income (loss) attributable to noncontrolling interest2212 (24)
Net income (loss) available to common stockholders, diluted:11445(67) 140

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Net income (loss):11124(68) 164
Other comprehensive income9438 5
Comprehensive income (loss):12077(61) 169
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2212 (24)
Comprehensive income (loss), net of tax, attributable to parent:12398(59) 145

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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