Howard Hughes Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 27, 2024
HHH$77.73-0.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| FINANCIAL STATEMENTS | Table of ContentsIndex to Financial Statements |
|---|
CONSOLIDATED STATEMENTS OF OPERATIONS
| Year Ended December 31, | |||
|---|---|---|---|
| thousands except per share amounts | 2023 | 2022 | 2021 |
| REVENUES | |||
| Condominium rights and unit sales | $47,707 | $677,078 | $514,597 |
| Master Planned Communities land sales | 370,185 | 316,065 | 346,217 |
| Rental revenue | 405,363 | 399,103 | 369,330 |
| Other land, rental, and property revenues | 139,858 | 144,481 | 152,619 |
| Builder price participation | 60,989 | 71,761 | 45,138 |
| Total revenues | 1,024,102 | 1,608,488 | 1,427,901 |
| EXPENSES | |||
| Condominium rights and unit cost of sales | 55,417 | 483,983 | 414,199 |
| Master Planned Communities cost of sales | 140,050 | 119,466 | 153,630 |
| Operating costs | 337,018 | 317,389 | 293,999 |
| Rental property real estate taxes | 57,650 | 54,033 | 55,398 |
| Provision for (recovery of) doubtful accounts | (2,561) | 1,959 | (459) |
| General and administrative | 91,193 | 81,772 | 81,990 |
| Depreciation and amortization | 216,118 | 200,361 | 205,100 |
| Other | 13,383 | 11,977 | 10,668 |
| Total expenses | 908,268 | 1,270,940 | 1,214,525 |
| OTHER | |||
| Provision for impairment | (672,492) | — | (13,068) |
| Gain (loss) on sale or disposal of real estate and other assets, net | 24,162 | 29,678 | 53,079 |
| Other income (loss), net | 4,284 | 1,909 | (11,515) |
| Total other | (644,046) | 31,587 | 28,496 |
| Operating income (loss) | (528,212) | 369,135 | 241,872 |
| Interest income | 25,750 | 3,818 | 107 |
| Interest expense | (156,951) | (110,891) | (130,036) |
| Gain (loss) on extinguishment of debt | (144) | (2,377) | (38,014) |
| Equity in earnings (losses) from unconsolidated ventures | (55,708) | (14,549) | (9,852) |
| Income (loss) before income taxes | (715,265) | 245,136 | 64,077 |
| Income tax expense (benefit) | (163,735) | 60,500 | 15,153 |
| Net income (loss) | (551,530) | 184,636 | 48,924 |
| Net (income) loss attributable to noncontrolling interests | (243) | (103) | 7,176 |
| Net income (loss) attributable to common stockholders | $(551,773) | $184,533 | $56,100 |
| Basic income (loss) per share | $(11.13) | $3.65 | $1.03 |
| Diluted income (loss) per share | $(11.13) | $3.65 | $1.03 |
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