Financial Summary


The Howard Hughes Corporation

The Howard Hughes Corporation (HHC)

$57.6
-0.53 (-0.91%)
Strong Buy
S-
Market Info
Financial Info
Financial Modelling
Symbol HHC
Price 57.6$
Beta 1.27
Volume Avrg. 0.61M
Market Cap 3.17B
Shares (2019) 43,447.37K
Last Div 0
Dividend Yield -
DCF Unlevered 667.52 Strong Buy
DCF Levered 337.91 Strong Buy
ROE 2.35% Neutral
ROA 0.88% Neutral
Operating Margin 11.56% Buy
Debt / Equity 167.26% Buy
P/E 72.12 Strong Buy
P/B 1.69 Strong Buy

Income Statement

Quarter data

Balance Sheet Statement

Quarter data
Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Short-term debt 318.66606.48688.3121.3029.0040.0022.70119.403,181.214,096.47
Other Assets 645.23656.18625.84738.41571.92702.41957.96821.441,061.141,218.28
Total current liabilities 397.50731.88274.20414.79744.89705.00679.87694.46822.01733.15
Cash and cash equivalents 284.68227.57229.20894.95560.45445.30665.51861.06499.68422.86
Long-term debt --688.311,514.621,993.472,443.962,690.752,857.953,181.214,096.47
Cash and short-term investments 284.68227.57229.20894.95560.45445.30665.51861.06499.68422.86
Total debt 318.66606.48688.311,535.922,022.472,483.962,713.452,977.343,181.214,096.47
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 2,084.642,495.763,245.893,652.374,530.855,274.625,701.725,862.146,851.437,954.53
Total liabilities 843.601,065.551,197.802,329.282,896.173,361.473,799.643,546.084,223.595,265.63
Total assets 3,022.713,395.153,503.044,567.875,119.935,721.586,367.386,729.067,355.808,413.77
Other comprehensive income 2,179.532,329.782,824.032,829.812,838.012,847.822,852.043,299.033,260.243,223.45
Short-term investments ----------
Property, Plant & Equipment Net 2,084.642,495.762,634.112,913.113,959.374,541.664,734.035,033.535,782.4069.40
Net Debt 33.98378.91459.12640.981,462.022,038.662,047.942,116.292,681.543,673.61
Investments ----53.6957.8176.3876.59-3.95
Total shareholders equity 2,178.282,324.592,305.242,238.582,223.762,360.122,567.743,182.993,132.213,148.13
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 8.1515.6427.9520.5528.631.660.155.864.6936.38
Payables 78.84125.40170.52283.99466.02515.35572.01521.72779.27733.15
Total current assets 292.84243.21257.15915.50589.08446.96665.66866.92504.37459.24

Cash Flow Statement

Quarter data
Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Operating Cash Flow -67.9086.51153.06129.33-58.3123.9358.91319.03210.52207.73
Free Cash Flow -67.9086.51153.0697.56-66.848.4949.25312.06206.03207.73
Capital Expenditure ---31.778.5215.449.666.974.496.95
Depreciation & Amortization 14.5814.0126.7037.0161.00105.19100.98136.51137.59166.90
Acquisitions and disposals -5.49-----3.10-78.57--22.67
Deferred income taxes 636.1219.204.458.3565.0121.15113.70-43.4616.2027.82
Investment purchases ---------58.72-53.92
Accounts payables 0.1119.5015.1120.3337.2129.87-46.328.1820.6827.26
Sales/Maturities of investments ----------
Change in working capital -649.37-95.17245.18151.88-169.01-236.42-364.8051.98-13.12-80.78
Debt repayment ---55.83-279.72-120.18-103.81-333.30-1,350.23-838.46-386.49
Other non-cash items ----------
Investing Cash Flow -111.83-39.68-81.35-294.32-746.46-575.57-38.56-322.68122.53-1,232.90
Cash at beginning of period 3.20284.68227.57229.20894.95560.45445.30665.51-724.22
Stock-based compensation --4.285.788.207.286.717.3812.1319.50
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 461.21-103.94-70.08830.74470.27436.49199.86199.20391.17921.09
Dividend payments ----0.01-0.01-----
Accounts receivables 0.5327.5020.261.21-0.0950.2329.3024.0326.2124.52
Cash at end of period 284.68227.57229.20894.95560.45445.30665.51861.06724.22620.13
Net cash provided by operating activities -67.9086.51153.06129.33-58.3123.9358.91319.03210.52207.73
Other working capital -650.01-142.18209.81130.34-206.13-316.51-347.7719.76-60.01-132.56
Inventory ----------

Retained Earning Schedule

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Retained Earnings (Previous Year) ----510-583-607-480-278-110-120
Net Income -69148-128-74-241272021685774
Stock Dividends 69-148-38100----68-
Dividend Paid ----0-0-----
Retained Earnings ---510-583-607-480-278-110-120-46

PPE Schedule

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gross PPE -2,0852,4962,6342,9133,9594,5424,7345,0345,782
Annual Depreciation 2,0854111382471,038567183293744-5,720
Capital Expenditure ---3291510747
Net PPE 2,0852,4962,6342,9133,9594,5424,7345,0345,78269

Intangible and Goodwill Schedule

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Intangible and Goodwill (Previous Year) ----------
New Purchases ---------59-54
Intangible and Goodwill ----------

About


Mr. Paul H. Layne
Real Estate
Real Estate Diversified
New York Stock Exchange

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawaii. The Master Planned Communities segment develops and sells residential and commercial land. This segment sells residential land designated for detached and attached single family homes ranging from entry-level to luxury homes; and commercial land parcels designated for retail, office, hospitality, and high density residential projects, as well as services and other for-profit activities, and parcels designated for use by government, schools, and other not-fo