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Major Indexes

Financial Statements

The Howard Hughes Corporation

The Howard Hughes Corporation (HHC)

$51.8
2.3 (+4.65%)

Income Statement

Quarter data
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Year 2019 2018 2017 2016 2015 2014 2013 2012 2011
Earnings Per Share Diluted --3.36-1.87-0.601.604.733.911.321.71
Net Profit Margin 0.54-0.34-0.16-0.040.160.200.150.050.06
Weighted Average Shares Outstanding 37.9138.1339.4539.460.040.040.0443.0443.14
Revenue 275.69376.89474.61634.57797.091,035.011,100.121,064.541,300.54
Weighted Average Shares Outstanding (Diluted) 37.9138.1339.4539.460.040.040.0443.2443.31
Gross Profit 191.12376.89474.61634.57797.091,035.011,100.121,064.541,158.69
Dividend per Share ---------
Operating Income 27.4672.47111.21166.72118.76326.76218.50106.81150.31
Gross Margin 0.691.001.001.001.001.001.001.000.89
Income Tax Expense -6.899.5762.9624.00118.45-45.8015.4929.25
EBIT Margin 0.150.260.310.360.280.410.320.230.24
Net Income 148.47-128.29-73.79-23.53126.72202.30168.4057.0173.96
Cost of Revenue 84.5789.39140.61169.67279.67415.05459.48386.78141.85
Earnings Before Tax Margin 0.47-0.32-0.140.060.190.310.110.070.08
EBIT 27.4672.47111.21166.72118.76326.76218.50106.81150.31
EBITDA 41.4899.17148.22227.73223.96427.75355.01244.40317.21
Profit Margin 0.54-0.34-0.16-0.040.160.200.150.050.06
Operating Expenses 35.1897.46121.65163.39216.23824.51936.23956.79449.31
Earnings Per Share Basic --3.36-1.87-0.603.215.124.071.321.71
Earnings before Tax 130.15-120.66-64.1339.44150.72320.78120.8273.22103.54
Interest Expense -0.969.7638.6259.7465.7264.5782.03105.37

Balance Sheet Statement

Quarter data
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Year 2019 2018 2017 2016 2015 2014 2013 2012 2011
Short-term debt 606.48688.3121.3029.0040.0022.70119.403,181.214,096.47
Other Assets 656.18625.84738.41571.92702.41957.96821.441,061.141,218.28
Total current liabilities 731.88274.20414.79744.89705.00679.87694.46822.01733.15
Cash and cash equivalents 227.57229.20894.95560.45445.30665.51861.06499.68422.86
Long-term debt -688.311,514.621,993.472,443.962,690.752,857.953,181.214,096.47
Cash and short-term investments 227.57229.20894.95560.45445.30665.51861.06499.68422.86
Total debt 606.48688.311,535.922,022.472,483.962,713.452,977.343,181.214,096.47
Inventories ---------
Deferred revenue -7.7718.9665.67113.1285.1653.3442.73-
Goodwill and Intangible Assets ---------
Total non-current liabilities -611.161,425.261,931.272,533.182,891.693,018.803,338.404,277.22
Total non-current assets 2,495.763,245.893,652.374,530.855,274.625,701.725,862.146,851.437,954.53
Total liabilities 1,065.551,197.802,329.282,896.173,361.473,799.643,546.084,223.595,265.63
Total assets 3,395.153,503.044,567.875,119.935,721.586,367.386,729.067,355.808,413.77
Other comprehensive income 2,329.782,824.032,829.812,838.012,847.822,852.043,299.033,260.243,223.45
Short-term investments ---------
Property, Plant & Equipment Net 2,495.762,634.112,913.113,959.374,541.664,734.035,033.535,782.4069.40
Net Debt 378.91459.12640.981,462.022,038.662,047.942,116.292,681.543,673.61
Investments ---53.6957.8176.3876.59-3.95
Total shareholders equity 2,324.592,305.242,238.582,223.762,360.122,567.743,182.993,132.213,148.13
Retained earnings (deficit) --509.61-583.40-606.93-480.21-277.91-109.51-120.34-46.38
Long-term investments ---53.6957.8176.3876.59-3.95
Receivables 15.6427.9520.5528.631.660.155.864.6936.38
Payables 125.40170.52283.99466.02515.35572.01521.72779.27733.15
Total current assets 243.21257.15915.50589.08446.96665.66866.92504.37459.24

Cash Flow Statement

Quarter data
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Year 2019 2018 2017 2016 2015 2014 2013 2012 2011
Investing Cash Flow -39.68-81.35-294.32-746.46-575.57-38.56-322.68122.53-1,232.90
Free Cash Flow 86.51153.0697.56-66.848.4949.25312.06206.03207.73
Depreciation & Amortization 14.0126.7037.0161.00105.19100.98136.51137.59166.90
Net cash flow / Change in cash -1.63665.75-334.50-115.15220.21195.55724.22-104.08
Effect of forex changes on cash ---------
Financing Cash Flow -103.94-70.08830.74470.27436.49199.86199.20391.17921.09
Dividend payments ---0.01-0.01-----
Stock-based compensation -4.285.788.207.286.717.3812.1319.50
Investment purchases --------58.72-53.92
Acquisitions and disposals 5.49-----3.10-78.57--22.67
Capital Expenditure --31.778.5215.449.666.974.496.95
Operating Cash Flow 86.51153.06129.33-58.3123.9358.91319.03210.52207.73

Retained Earning Schedule

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019
Retained Earnings (Previous Year) ---510-583-607-480-278-110-120
Net Income 148-128-74-241272021685774
Stock Dividends -148-38100----68-
Dividend Paid ---0-0-----
Retained Earnings --510-583-607-480-278-110-120-46

PPE Schedule

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gross PPE 2,0852,4962,6342,9133,9594,5424,7345,0345,782
Annual Depreciation 4111382471,038567183293744-5,720
Capital Expenditure --3291510747
Net PPE 2,4962,6342,9133,9594,5424,7345,0345,78269

Intangible and Goodwill Schedule

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019
Intangible and Goodwill (Previous Year) ---------
New Purchases --------59-54
Intangible and Goodwill ---------

The Howard Hughes Corporation income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes The Howard Hughes Corporation FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.