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$85.60+10.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Financial Statements Consolidated Balance Sheets
| FINANCIAL STATEMENTS | Table of ContentsIndex to Financial Statements |
|---|
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| thousands except par values and share amounts | 2023 | 2022 |
| ASSETS | ||
| Master Planned Communities assets | $2,445,673 | $2,411,526 |
| Buildings and equipment | 4,177,677 | 4,246,389 |
| Less: accumulated depreciation | (1,032,226) | (867,700) |
| Land | 303,685 | 312,230 |
| Developments | 1,272,445 | 1,125,027 |
| Net investment in real estate | 7,167,254 | 7,227,472 |
| Investments in unconsolidated ventures | 220,258 | 246,171 |
| Cash and cash equivalents | 631,548 | 626,653 |
| Restricted cash | 421,509 | 472,284 |
| Accounts receivable, net | 115,045 | 103,437 |
| Municipal Utility District receivables, net | 550,884 | 473,068 |
| Deferred expenses, net | 142,561 | 128,865 |
| Operating lease right-of-use assets | 44,897 | 46,926 |
| Other assets, net | 283,047 | 278,587 |
| Total assets | $9,577,003 | $9,603,463 |
| LIABILITIES | ||
| Mortgages, notes, and loans payable, net | $5,302,620 | $4,747,183 |
| Operating lease obligations | 51,584 | 51,321 |
| Deferred tax liabilities, net | 87,835 | 254,336 |
| Accounts payable and other liabilities | 1,076,040 | 944,511 |
| Total liabilities | 6,518,079 | 5,997,351 |
| Commitments and Contingencies (see Note 10) | ||
| EQUITY | ||
| Preferred stock: $0.01 par value; 50,000,000 shares authorized, none issued | — | — |
| Common stock: $0.01 par value; 150,000,000 shares authorized, 56,495,791 issued, and 50,038,014 outstanding as of December 31, 2023, and 56,226,273 shares issued and 49,801,997 outstanding as of December 31, 2022 | 565 | 564 |
| Additional paid-in capital | 3,988,496 | 3,972,561 |
| Retained earnings (accumulated deficit) | (383,696) | 168,077 |
| Accumulated other comprehensive income (loss) | 1,272 | 10,335 |
| Treasury stock, at cost, 6,457,777 shares as of December 31, 2023, and 6,424,276 shares as of December 31, 2022 | (613,766) | (611,038) |
| Total stockholders' equity | 2,992,871 | 3,540,499 |
| Noncontrolling interests | 66,053 | 65,613 |
| Total equity | 3,058,924 | 3,606,112 |
| Total liabilities and equity | $9,577,003 | $9,603,463 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.