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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments423500861666445560895
Cash and cash equivalents423500861666445560895
Total current assets:423500861666445560895
Noncurrent Assets
Property, plant and equipment3,8145,7825,0344,7344,5423,9592,913
Long-term investments and receivables 1027776585461
Long-term investments 1027776585461
Intangible assets, net (including goodwill)6060614420
Goodwill111    
Intangible assets, net (excluding goodwill)5859604420 
Regulated entity, other noncurrent assets567    
Total noncurrent assets:3,8785,9515,1784,8144,6044,0332,974
Other undisclosed assets4,112905690887673527699
TOTAL ASSETS:8,4147,3566,7296,3675,7225,1204,568
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt    15129
Liability for uncertainty in income taxes    15129
Total noncurrent liabilities:    15129
Other undisclosed liabilities5,0814,1183,5413,7963,3562,8882,194
Total liabilities:5,0814,1183,5413,7963,3582,8922,323
Stockholders' equity
Stockholders' equity attributable to parent, including:3,1483,1323,1832,5682,3602,2242,239
Common stock0000000
Treasury stock, value(121)(62)(3)(1)   
Additional paid in capital3,3443,3223,3032,8532,8482,8382,830
Accumulated other comprehensive loss(29)(8)(7)(7)(8)(8)(8)
Accumulated deficit(46)(120)(110)(278)(480)(607)(583)
Warrants and rights outstanding     366306
Other undisclosed stockholders' equity attributable to parent     (366)(306)
Stockholders' equity attributable to noncontrolling interest18510664447
Total stockholders' equity:3,3333,2383,1892,5722,3642,2282,245
TOTAL LIABILITIES AND EQUITY:8,4147,3566,7296,3675,7225,1204,568

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,3011,0651,1001,035797635475
Revenue, net257509450405559376
Cost of revenue(675)(16)(13)(96)(396)(249)(228)
Cost of goods and services sold(17)(16)(13)(96)(144)(171)(171)
Gross profit:6261,0491,087939401385247
Operating expenses(510)(957)(936)(825)(283)(218)(136)
Other operating income (expense), net35(1) 1162  
Other undisclosed operating income (loss) 166896(2)  
Operating income:150107219327119167111
Nonoperating income
(Investment Income, Nonoperating)
108411233
Interest and debt expense(105)(82)(65)(66)(60)(39)(10)
Income from continuing operations before equity method investments, income taxes:553315826260151105
Income from equity method investments3140 574  
Other undisclosed income (loss) from continuing operations before income taxes18(0)(37)287(111)(169)
Income (loss) from continuing operations before income taxes:1047312132115139(64)
Income tax expense (benefit)(29)(15)46(118)(24)(63)(10)
Net income (loss):7458167202127(24)(74)
Net income (loss) attributable to noncontrolling interest(0)(1)2(0) (0)(0)
Net income (loss) available to common stockholders, basic:7457168202127(24)(74)
Other undisclosed net loss available to common stockholders, diluted    (58)  
Net income (loss) available to common stockholders, diluted:745716820268(24)(74)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):7458167202127(24)(74)
Other comprehensive income (loss)(18)(1)(0)1(0)11
Other undisclosed comprehensive loss(3)      
Comprehensive income (loss):5357166203127(23)(72)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(1)2(0) 00
Other undisclosed comprehensive loss, net of tax, attributable to parent     (0)(0)
Comprehensive income (loss), net of tax, attributable to parent:5356168203127(23)(72)

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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