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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments843 423500861666
Cash and cash equivalents843 423500861666
Total current assets:843 423500861666
Noncurrent Assets
Operating lease, right-of-use asset57  
Property, plant and equipment3,962 3,8145,7825,0344,734
Long-term investments and receivables   1027776
Long-term investments   1027776
Intangible assets, net (including goodwill)31 6060614
Goodwill1 111 
Intangible assets, net (excluding goodwill)30 5859604
Regulated entity, other noncurrent assets  567 
Total noncurrent assets:4,051 3,8785,9515,1784,814
Other undisclosed assets4,688 4,112905690887
TOTAL ASSETS:9,582 8,4147,3566,7296,367
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt205     
Deferred income tax liabilities205  
Total noncurrent liabilities:205     
Other undisclosed liabilities5,644 5,0814,1183,5413,796
Total liabilities:5,849 5,0814,1183,5413,796
Temporary equity, carrying amount23     
Stockholders' equity
Stockholders' equity attributable to parent3,710 3,1483,1323,1832,568
Common stock1 0000
Treasury stock, value(220) (121)(62)(3)(1)
Additional paid in capital3,960 3,3443,3223,3032,853
Accumulated other comprehensive loss(14) (29)(8)(7)(7)
Accumulated deficit(16) (46)(120)(110)(278)
Stockholders' equity attributable to noncontrolling interest1 18510664
Total stockholders' equity:3,711 3,3333,2383,1892,572
TOTAL LIABILITIES AND EQUITY:9,582 8,4147,3566,7296,367

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,428 1,3011,0651,1001,035
Revenue, net257509450
Cost of revenue(608) (675)(16)(13)(96)
Cost of goods and services sold  (17)(16)(13)(96)
Gross profit:820 6261,0491,087939
Operating expenses(606) (510)(957)(936)(825)
Other operating income (expense), net28 35(1) 116
Other undisclosed operating income   166896
Operating income:242 150107219327
Nonoperating income
(Investment Income, Nonoperating)
0 10841
Interest and debt expense(168) (105)(82)(65)(66)
Income from continuing operations before equity method investments, income taxes:74 5533158262
Income (loss) from equity method investments(10) 3140 57
Other undisclosed income (loss) from continuing operations before income taxes  18(0)(37)2
Income from continuing operations before income taxes:64 10473121321
Income tax expense (benefit)(15) (29)(15)46(118)
Net income:49 7458167202
Net income (loss) attributable to noncontrolling interest7 (0)(1)2(0)
Net income available to common stockholders, diluted:56 7457168202

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:49 7458167202
Other comprehensive income (loss)24 (18)(1)(0)1
Other undisclosed comprehensive loss  (3)   
Comprehensive income:73 5357166203
Comprehensive income (loss), net of tax, attributable to noncontrolling interest7 (0)(1)2(0)
Comprehensive income, net of tax, attributable to parent:80 5356168203

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: