The Howard Hughes Corporation (HHC) Income Statement Analysis

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Complete financial analysis of The Howard Hughes Corporation (HHC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Howard Hughes Corporation, a leading company in the Real Estate – Diversified industry within the Real Estate sector.

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The Howard Hughes Corporation (HHC)

Industry: Real Estate - Diversified

Sector: Real Estate

Website: https://www.howardhughes.com

About The Howard Hughes Corporation

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through four segments: Operating Assets; Master Planned Communities (MPCs); Seaport District; and Strategic Developments. As of December 31, 2020, the Operating Assets segment owned 15 retail, 33 office, 12 multi-family, 3 hospitality, and 13 other operating assets and investments primarily located in The Woodlands, Texas; Chicago, Illinois; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii. The MPCs segment develops and sells detached and attached single family homes, and range from entry-level to luxury homes to residential homebuilders and developers; and sells or leases land for commercial development, including land parcels designated for retail, office, hospitality, and residential projects. The Seaport District segment is involved in the landlord operations, managed businesses, and events and sponsorships. The Strategic Development segment invests in residential condominium and commercial property projects. This segment consists of 18 development or redevelopment projects. The Howard Hughes Corporation was founded in 2010 and is headquartered in Dallas, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	1.02B	1.61B	1.43B	699.49M	1.30B	1.06B	1.10B	1.04B	797.09M	634.57M	474.61M	376.89M	275.69M	142.72M	136.35M
Cost of Revenue	614.30M	974.87M	927.89M	497.51M	873.14M	719.52M	711.39M	636.40M	495.78M	366.38M	306.12M	244.35M	196.26M	111.35M	103.27M
Gross Profit	409.81M	633.62M	500.01M	201.98M	427.40M	345.01M	388.73M	398.61M	301.31M	268.18M	168.49M	132.54M	79.43M	31.37M	33.08M
Gross Profit Ratio	40.02%	39.39%	35.02%	28.88%	32.86%	32.41%	35.34%	38.51%	37.80%	42.26%	35.50%	35.17%	28.81%	21.98%	24.26%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	25.47M	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	90.14M	81.77M	81.99M	109.40M	156.25M	104.63M	89.88M	86.59M	81.35M	73.57M	48.47M	34.42M	35.18M	21.54M	23.02M
Selling & Marketing	0.00	0.00	10.31M	8.17M	23.07M	29.25M	20.50M	22.18M	25.47M	22.78M	0.00	0.00	0.00	0.00	0.00
SG&A	90.14M	81.77M	81.99M	109.40M	156.25M	104.63M	89.88M	86.59M	81.35M	73.57M	48.47M	34.42M	35.18M	21.54M	23.02M
Other Expenses	0.00	212.39M	216.16M	223.35M	143.21M	133.58M	0.00	0.00	0.00	-74.01M	-1.21M	-20.26M	0.00	0.00	0.00
Operating Expenses	90.14M	294.16M	298.15M	332.75M	299.46M	238.20M	221.60M	176.66M	182.54M	101.46M	57.28M	60.08M	51.96M	543.24M	725.75M
Cost & Expenses	704.44M	1.27B	1.23B	830.25M	1.17B	957.73M	932.99M	813.06M	678.32M	467.84M	363.40M	304.42M	248.23M	654.59M	829.02M
Interest Income	25.75M	3.82M	107.00K	2.37M	9.80M	8.49M	4.04M	1.36M	586.00K	22.53M	3.19M	9.44M	9.88M	369.00K	1.69M
Interest Expense	-156.95M	110.89M	130.04M	132.26M	105.37M	82.03M	64.57M	65.72M	59.74M	38.62M	9.76M	964.00K	0.00	2.42M	977.00K
Depreciation & Amortization	198.91M	159.95M	205.10M	217.47M	173.86M	126.57M	130.93M	95.86M	99.00M	56.63M	34.06M	24.53M	17.08M	16.56M	19.84M
EBITDA	-655.29M	529.09M	397.22M	360.17M	324.17M	281.82M	328.93M	375.99M	222.07M	195.21M	161.68M	89.85M	54.42M	-494.94M	-671.15M
EBITDA Ratio	-63.99%	32.89%	27.82%	51.49%	24.93%	26.47%	29.90%	36.33%	27.86%	30.76%	34.07%	23.84%	19.74%	-346.79%	-492.23%
Operating Income	-527.16M	369.14M	192.12M	142.70M	150.31M	106.81M	218.50M	326.76M	118.76M	166.72M	111.21M	72.47M	27.47M	-511.87M	-692.68M
Operating Income Ratio	-51.48%	22.95%	13.45%	20.40%	11.56%	10.03%	19.86%	31.57%	14.90%	26.27%	23.43%	19.23%	9.96%	-358.65%	-508.02%
Total Other Income/Expenses	-187.05M	-124.00M	-177.80M	128.04M	-46.77M	-33.59M	-97.68M	-5.99M	31.96M	-127.28M	-175.34M	-193.12M	102.68M	-585.59M	712.00K
Income Before Tax	-714.21M	245.14M	64.08M	8.48M	103.54M	73.22M	120.82M	320.78M	150.72M	39.44M	-64.13M	-120.66M	130.15M	-654.82M	-691.96M
Income Before Tax Ratio	-69.74%	15.24%	4.49%	1.21%	7.96%	6.88%	10.98%	30.99%	18.91%	6.22%	-13.51%	-32.01%	47.21%	-458.82%	-507.50%
Income Tax Expense	-163.51M	60.50M	15.15M	11.65M	29.25M	15.49M	-45.80M	118.45M	24.00M	62.96M	9.57M	6.89M	-18.33M	-633.46M	-23.97M
Net Income	-550.95M	184.53M	56.10M	-3.17M	73.96M	57.01M	168.40M	202.30M	126.72M	-23.53M	-73.79M	-128.29M	147.18M	-69.43M	-703.61M
Net Income Ratio	-53.80%	11.47%	3.93%	-0.45%	5.69%	5.36%	15.31%	19.55%	15.90%	-3.71%	-15.55%	-34.04%	53.39%	-48.65%	-516.04%
EPS	-9.75	3.65	1.03	-0.06	1.71	1.32	4.07	5.12	3.21	-0.60	-1.87	-3.36	3.88	-1.84	-18.66
EPS Diluted	-9.75	3.65	1.03	-0.06	1.71	1.32	3.91	4.73	1.60	-0.60	-1.87	-3.36	1.17	-1.84	-18.66
Weighted Avg Shares Out	56.53M	50.51M	54.60M	52.31M	43.14M	43.04M	41.36M	39.49M	39.48M	39.46M	39.45M	38.13M	37.91M	37.73M	37.72M
Weighted Avg Shares Out (Dil)	56.53M	50.56M	54.65M	52.31M	43.31M	43.24M	43.09M	42.73M	39.48M	39.46M	39.45M	38.13M	38.98M	37.73M	37.72M

THE HOWARD HUGHES CORPORATION® ANNOUNCES DATES AND TIMES FOR 2023 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL

April 10, 2023prnewswire.com

HHC to Host Earnings Call on May 9, 2023

Bill Ackman's 2022 Annual Letter

April 6, 2023gurufocus.com

To the Shareholders of Pershing Square Holdings, Ltd.:

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March 17, 2023investorplace.com

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Howard Hughes (HHC) Q4 Earnings and Revenues Top Estimates

February 27, 2023zacks.com

Howard Hughes (HHC) delivered earnings and revenue surprises of 10.31% and 8.85%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Howard Hughes Corp. warns of lower land sales in 2023, fourth-quarter results beat estimates

February 27, 2023marketwatch.com

Howard Hughes Corp. HHC, +1.87% on Monday reported fourth-quarter results that beat expectations, but the real-estate developer warned that market anxiety would lead to lower land sales this year. The company, which develops residential communities and other properties, reported net...