← Howard Hughes Holdings Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Net income (loss) | $48.9m |
$184.6m
+277.39%
|
($551.5m)
-398.71%
|
$197.0m
+135.72%
|
$123.8m
-37.13%
|
— | |
| Net income (loss) from discontinued operations, net of taxes | — | ($68.1m) | ($634.9m) | ($88.2m) | $0 | — | |
| Net income (loss) from continuing operations | — | $252.7m | $83.4m | $285.2m | $123.8m | — | |
| Depreciation | $185.4m | $180.2m | $195.6m | $160.6m | $164.0m | $178.5m | |
| Amortization | $16.9m | $16.8m | $16.8m | $19.4m | $19.4m | $41.0m | |
| Amortization of deferred financing costs | $10.3m | $10.8m | $12.3m | $12.4m | $12.4m | — | |
| Amortization of intangibles other than in-place leases | $2.8m | $3.3m | $3.3m | $120k | $120k | $41.0m | |
| Straight-line rent amortization | ($9.3m) | ($8.5m) | ($7.7m) | ($7.0m) | ($6.2m) | — | |
| Restricted stock and stock option amortization | $9.9m | $11.9m | $16.4m | $16.0m | $19.8m | — | |
| Amortization Cash Flow | — | $17.0m | $17.1m | $19.5m | $19.6m | — | |
| Amortization Of Intangibles | — | $17.0m | $17.1m | $19.5m | $19.6m | $41.0m | |
| Depreciation Amortization Depletion | — | $154.8m | $169.0m | $180.1m | $183.6m | $219.6m | |
| Deferred income taxes | $10.4m | $42.0m | ($163.8m) | $61.5m | $23.6m | $64.3m | |
| Deferred Income Tax | — | $55.8m | ($9.9m) | $61.5m | $23.6m | $64.3m | |
| Deferred Tax | — | $55.8m | ($9.9m) | $61.5m | $23.6m | $64.3m | |
| Capitalized stock compensation | $2.3m | $4.8m | $4.7m | $3.9m | $3.2m | — | |
| Asset Impairment Charge | $15.3m | $0 | $672.5m | — | — | — | |
| Earnings (Loss)es From Equity Investments | — | ($8.2m) | ($15.5m) | $12.4m | $4.5m | $7.0m | |
| Change In Working Capital | — | $64.0m | $248.6m | $78.1m | $352.5m | $139.5m | |
| Loss on sale of MUD receivables | — | $0 | $0 | $48.7m | $48.2m | — | |
| Proceeds from sale of MUD receivables | — | $0 | $0 | $176.7m | $180.0m | — | |
| Accounts receivable, net | $30.6m | $83.4m | $112.0m | $83.8m | ($18.2m) | $10.6m | |
| Change In Receivables | — | $82.8m | $117.3m | $83.8m | ($18.2m) | $10.6m | |
| Changes In Account Receivables | — | $82.8m | $117.3m | $83.8m | ($18.2m) | $10.6m | |
| Accounts payable and other liabilities | $42.8m | $8.9m | $38.0m | $28.8m | $95.6m | $19.6m | |
| Accrued property improvements, developments, and redevelopments | $16.9m | $131k | $4.3m | ($13.4m) | ($9.6m) | — | |
| Other | $0 | $0 | $1.3m | $0 | ($1.5m) | — | |
| Other assets, net | ($17.1m) | ($33.1m) | ($19.6m) | $15.7m | $26.6m | — | |
| Change In Other Current Assets | — | ($26.3m) | $30.7m | $15.7m | $26.6m | ($11.3m) | |
| Cash provided by (used in) operating activities of continuing operations | ($284.0m) |
$342.0m
+220.44%
|
($215.2m)
-162.91%
|
$447.8m
+308.11%
|
$462.4m
+3.26%
|
$787.2m
+70.24%
|
|
| Cash provided by (used in) operating activities of discontinued operations | ($284.0m) |
($16.7m)
+94.11%
|
($43.3m)
-158.84%
|
($51.2m)
-18.08%
|
$0
+100.00%
|
$787.2m | |
| Cash provided by (used in) operating activities | ($284.0m) |
$325.3m
+214.54%
|
($258.5m)
-179.47%
|
$396.6m
+253.43%
|
$462.4m
+16.59%
|
$787.2m
+70.24%
|
|
| Property and equipment expenditures | ($1.8m) | ($2.0m) | ($7.3m) | ($2.1m) | ($3.5m) | — | |
| Operating property improvements | ($35.9m) | ($54.7m) | ($56.3m) | ($47.9m) | ($44.8m) | — | |
| Property development and redevelopment | ($274.7m) | ($353.1m) | ($275.1m) | ($253.0m) | ($171.0m) | — | |
| Capital Expenditure | — | ($2.0m) | ($7.3m) | ($2.1m) | ($3.5m) | ($8.5m) | |
| Investments in unconsolidated ventures, net | ($1.2m) | ($100.4m) | ($45.5m) | ($3.5m) | ($3.6m) | — | |
| Net Other Investing Changes | — | $127k | ($4.4m) | ($9.7m) | ($13.0m) | $2.9m | |
| Cash provided by (used in) investing activities of continuing operations | — | ($249.5m) | ($345.7m) | ($430.7m) | ($219.1m) | — | |
| Cash provided by (used in) investing activities of discontinued operations | — | $28.8m | $9.5m | $129.9m | $0 | — | |
| Cash provided by (used in) investing activities | $101.5m | ($220.7m) | ($336.1m) | ($300.8m) | ($219.1m) | — | |
| (Gain) loss on extinguishment of debt | $38.0m | $2.4m | $144k | $465k | $698k | — | |
| Debt extinguishment costs | ($29.8m) | ($60k) | $0 | $0 | ($422k) | — | |
| Issuance Of Debt | — | $1.2b | $677.4m | $761.4m | $759.5m | $1.9b | |
| Long Term Debt Issuance | — | $1.2b | $677.4m | $761.4m | $759.5m | $1.9b | |
| Long Term Debt Payments | — | ($1.1b) | ($147.6m) | ($807.5m) | ($782.5m) | ($1.7b) | |
| Net Issuance Payments Of Debt | — | $172.5m | $529.8m | ($46.1m) | ($22.9m) | $247.1m | |
| Net Long Term Debt Issuance | — | $172.5m | $529.8m | ($46.1m) | ($22.9m) | $247.1m | |
| Repayment Of Debt | — | ($1.1b) | ($147.6m) | ($807.5m) | ($782.5m) | ($1.7b) | |
| Proceeds from issuance of common stock, net | — | — | $0 | $0 | $862.8m | ($122k) | |
| Common Stock Issuance | — | $0 | $0 | $0 | $862.8m | ($122k) | |
| Common Stock Payments | ($81.1m) | ($403.9m) | $0 | $0 | — | $0 | |
| Issuance Of Capital Stock | — | $0 | $0 | $0 | $862.8m | $997.2m | |
| Repurchase Of Capital Stock | ($81.1m) | ($403.9m) | $0 | $0 | — | $0 | |
| Dividends Received CFI | — | $207.7m | $13.0m | $6.7m | $4.4m | $18.8m | |
| Net Other Financing Charges | — | $11.0m | $8.0m | $18.4m | $15.4m | ($22.1m) | |
| Cash provided by (used in) financing activities of continuing operations | — | ($220.1m) |
$537.8m
+344.40%
|
($27.8m)
-105.16%
|
$855.4m
+3181.90%
|
— | |
| Cash provided by (used in) financing activities of discontinued operations | — | ($2.2m) |
$10.9m
+596.14%
|
($122.6m)
-1221.14%
|
$0
+100.00%
|
— | |
| Cash provided by (used in) financing activities | $156.1m |
($222.3m)
-242.35%
|
$548.7m
+346.89%
|
($150.4m)
-127.40%
|
$855.4m
+668.90%
|
— | |
| Cash, cash equivalents, and restricted cash at beginning of period | — | $1.1b | $1.1b | $998.5m | $2.1b | — | |
| Beginning Cash Position | — | $1.2b | $1.1b | $1.1b | $998.5m | $1.8b | |
| Net change in cash, cash equivalents, and restricted cash | ($26.4m) | ($117.7m) | ($45.9m) | ($54.6m) | $1.1b | — | |
| Restricted cash | $373.4m | $472.3m | $421.5m | $402.4m | $628.7m | — | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Net gain on sale of properties | ($53.1m) | ($29.7m) | ($24.2m) | ($22.9m) | ($29.8m) | — | |
| Equity in (earnings) losses from unconsolidated ventures, net of distributions | $52.4m | $28.1m | $66.7m | $12.4m | $4.5m | — | |
| Provision for (recovery of) doubtful accounts | ($2.0m) | ($2.2m) | $8.6m | ($499k) | $3.4m | — | |
| Master Planned Communities development expenditures | ($322.3m) | ($396.1m) | ($403.6m) | ($428.0m) | ($477.9m) | — | |
| Master Planned Communities cost of sales, net of SID bonds transfers to buyers | $144.9m |
$111.7m
-22.91%
|
$126.2m
+12.93%
|
$151.2m
+19.82%
|
$171.0m
+13.09%
|
— | |
| Condominium development expenditures | ($345.3m) | ($340.8m) | ($472.7m) | ($682.0m) | ($511.0m) | — | |
| Condominium rights and units cost of sales, net of closing commissions | $394.4m |
$465.7m
+18.07%
|
$53.2m
-88.59%
|
$565.4m
+963.70%
|
$359.0m
-36.52%
|
— | |
| Condominium deposits, net | $59.1m | $21.3m | $88.6m | ($19.1m) | $289.1m | — | |
| Deferred expenses, net | ($22.9m) | ($30.4m) | ($27.0m) | ($31.1m) | ($40.6m) | — | |
| Acquisition of assets | $0 | $0 | ($5.9m) | ($18.5m) | ($18.1m) | — | |
| Proceeds from sales of properties, net | $322.5m | $81.7m | $39.5m | $48.4m | $12.3m | — | |
| Reimbursements under tax increment financings and grants | $667k | $127k | $1.5m | $8.7m | $6.6m | — | |
| Distributions from unconsolidated ventures | $92.1m | $207.7m | $13.0m | $6.7m | $4.4m | — | |
| Net parent investment in discontinued operations | — | ($225.1m) | ($115.2m) | ($169.5m) | $0 | — | |
| Proceeds from mortgages, notes, and loans payable | $2.4b | $1.2b | $792.4m | $761.4m | $759.5m | — | |
| Principal payments on mortgages, notes, and loans payable | ($2.1b) | ($1.1b) | ($249.4m) | ($807.5m) | ($782.5m) | — | |
| Special Improvement District bond funds released from (held in) escrow | $11.5m | $23.1m | $11.0m | $16.9m | $25.3m | — | |
| Deferred financing costs and bond issuance costs | ($28.5m) | ($18.5m) | ($2.8m) | ($6.2m) | ($6.1m) | — | |
| Taxes paid on stock options exercised and restricted stock vested | ($2.5m) | ($3.0m) | ($2.7m) | ($2.3m) | ($3.6m) | — | |
| Stock options exercised | $4.1m | $345k | $0 | $0 | $58k | — | |
| Sale of preferred stock in Seaport subsidiary | — | $0 | $0 | $9.8m | $0 | — | |
| Contributions from Teravalis noncontrolling interest owner | $0 | $0 | $219k | $206k | $317k | — | |
| Less: Cash, cash equivalents, and restricted cash of discontinued operations at end of period | — | $66.7m | $43.8m | $0 | $0 | — | |
| Cash, cash equivalents, and restricted cash of continuing operations at end of period | $1.2b | $1.1b | $1.1b | $998.5m | $2.1b | — | |
| Cash and cash equivalents | $843.2m | $626.7m | $631.5m | $596.1m | $1.5b | $1.8b | |
| Interest paid, net | $182.7m | $214.6m | $249.7m | $298.4m | $282.8m | — | |
| Interest capitalized | $71.8m | $100.6m | $120.7m | $151.6m | $148.8m | — | |
| Income taxes paid (refunded), federal, net | $1.8m | $25.0m | $5.3m | $1.5m | $8.8m | — | |
| Income taxes paid (refunded), state and local, net | $1.8m | $25.0m | $5.3m | $2.4m | ($12.8m) | — | |
| Consideration from sale of properties | — | $0 | $5.2m | $0 | $41.1m | — | |
| Special Improvement District bonds transfers to buyers | $8.7m | $7.8m | $13.9m | $18.0m | $17.7m | — | |
| Special Improvement District bonds held in third-party escrow | $45.4m | $0 | $21.3m | $38.0m | $16.4m | — | |
| Initial recognition of operating lease right-of-use asset | $6.2m | $1.5m | $0 | $766k | $0 | — | |
| Initial recognition of operating lease obligation | $6.2m | $1.6m | $0 | $766k | $0 | — | |
| Distribution of Seaport Entertainment Group Inc. to stockholders | — | $0 | $0 | $361.2m | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | ($220.1m) | $537.8m | ($27.8m) | $855.4m | $1.2b | |
| Cash Flow From Continuing Investing Activities | — | ($24.4m) | ($230.5m) | ($261.2m) | ($219.1m) | ($453.8m) | |
| Cash From Discontinued Financing Activities | — | ($2.2m) |
$10.9m
+596.14%
|
($122.6m)
-1221.14%
|
$0
+100.00%
|
$0 | |
| Cash From Discontinued Investing Activities | — | ($196.3m) | ($105.7m) | ($39.6m) | $0 | $0 | |
| Change In Account Payable | — | $14.4m | $38.8m | $28.8m | $95.6m | $19.6m | |
| Change In Cash Supplemental As Reported | — | ($117.7m) | ($45.9m) | ($54.6m) | $1.1b | — | |
| Change In Other Working Capital | — | ($6.8m) | $61.7m | ($50.2m) | $248.6m | $120.6m | |
| Change In Payable | — | $14.4m | $38.8m | $28.8m | $95.6m | $19.6m | |
| Change In Prepaid Assets | $59.1m | ($16.0m) | $88.6m | — | — | $227.5m | |
| Changes In Cash | — | ($117.7m) | ($45.9m) | ($54.6m) | $1.1b | $1.6b | |
| End Cash Position | — | $1.1b | $1.1b | $998.5m | $2.1b | $3.4b | |
| Financing Cash Flow | — | ($222.3m) |
$548.7m
+346.90%
|
($150.4m)
-127.40%
|
$855.4m
+668.90%
|
$1.2b
+44.18%
|
|
| Free Cash Flow | — | $323.2m | ($265.8m) | $394.4m | $458.9m | $778.7m | |
| Gain Loss On Investment Securities | — | ($29.7m) | ($24.2m) | ($22.9m) | ($29.8m) | ($28.0m) | |
| Gain Loss On Sale Of Business | $0 | ($5.0m) | $0 | $0 | — | $0 | |
| Investing Cash Flow | — | ($220.7m) | ($336.1m) | ($300.8m) | ($219.1m) | ($453.8m) | |
| Net Business Purchase And Sale | — | ($299k) | $0 | ($3.5m) | ($3.6m) | ($1.7b) | |
| Net Investment Properties Purchase And Sale | — | ($229.9m) | ($231.7m) | ($252.5m) | ($203.4m) | ($35.0m) | |
| Operating Gains Losses | — | ($40.5m) | ($39.6m) | $38.6m | $23.6m | ($9.3m) | |
| Other Non Cash Items | — | ($144.9m) | ($674.9m) | ($195.3m) | ($248.2m) | — | |
| Proceeds From Stock Option Exercised | — | $345k | $0 | $0 | $58k | $11.1m | |
| Provisionand Write Offof Assets | — | $34k | $8.3m | ($499k) | $3.4m | $4.0m | |
| Purchase Of Business | — | ($299k) | $0 | ($3.5m) | ($3.6m) | ($1.7b) | |
| Purchase Of Investment Properties | — | ($311.6m) | ($271.2m) | ($300.9m) | ($215.7m) | ($166.7m) | |
| Sale Of Investment Properties | — | $81.7m | $39.5m | $48.4m | $12.3m | $131.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.