Howard Hughes Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
HHH$77.73-0.4%Stored close · as of Nov 6, 2026
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Condensed Consolidated Balance Sheets
| thousands except par values and share amounts | September 30, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Master Planned Communities assets | $2,491,291 | $2,445,673 |
| Buildings and equipment | 3,794,960 | 3,649,376 |
| Less: accumulated depreciation | (915,279) | (829,018) |
| Land | 299,406 | 294,189 |
| Developments | 1,705,544 | 1,169,571 |
| Net investment in real estate | 7,375,922 | 6,729,791 |
| Investments in unconsolidated ventures | 177,908 | 182,799 |
| Cash and cash equivalents | 400,728 | 629,714 |
| Restricted cash | 519,998 | 379,498 |
| Accounts receivable, net | 101,284 | 101,373 |
| Municipal Utility District (MUD) receivables, net | 461,985 | 550,884 |
| Deferred expenses, net | 152,626 | 138,182 |
| Operating lease right-of-use assets | 5,948 | 5,463 |
| Other assets, net | 242,189 | 244,027 |
| Assets of discontinued operations | — | 615,272 |
| Total assets | $9,438,588 | $9,577,003 |
| LIABILITIES | ||
| Mortgages, notes, and loans payable, net | $5,298,760 | $5,146,992 |
| Operating lease obligations | 5,764 | 5,362 |
| Deferred tax liabilities, net | 76,898 | 84,293 |
| Accounts payable and other liabilities | 1,376,853 | 1,054,267 |
| Liabilities of discontinued operations | — | 227,165 |
| Total liabilities | 6,758,275 | 6,518,079 |
| 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, 56,605,697 issued, and 50,132,370 outstanding as of September 30, 2024, 56,495,791 shares issued, and 50,038,014 outstanding as of December 31, 2023 | 566 | 565 |
| Additional paid-in capital | 3,572,487 | 3,988,496 |
| Retained earnings (accumulated deficit) | (342,311) | (383,696) |
| Accumulated other comprehensive income (loss) | (1,375) | 1,272 |
| Treasury stock, at cost, 6,473,327 shares as of September 30, 2024, and 6,457,777 shares as of December 31, 2023 | (614,981) | (613,766) |
| Total stockholders' equity | 2,614,386 | 2,992,871 |
| Noncontrolling interests | 65,927 | 66,053 |
| Total equity | 2,680,313 | 3,058,924 |
| Total liabilities and equity | $9,438,588 | $9,577,003 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.