Howard Hughes Corp
HHCDelisted Aug 14, 2023- Industry
- Real Estate Investment Trusts
- SEC CIK
- 0001498828
Howard Hughes Corp was delisted on Aug 14, 2023; its insiders filed their last Form 4 on Aug 18, 2023; 242 institutions reported holding it in 13F filings for Q2 2023, worth $3.77B in total; superinvestors Pershing Square and Harris Associates (Oakmark) held it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 1:19 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | – | – | Feb 27, 2023 | Feb 28, 2022 |
| Revenue | $1.47B | $1.75B | $1.02B | $1.61B | $1.43B |
| Selling, general and administrative | $88.9M | $88.1M | $90.1M | $81.8M | $82.0M |
| Operating income | $364.9M | $563.5M | -$527.2M | $369.1M | $241.9M |
| Interest expense | – | – | $157.0M | $110.9M | $130.0M |
| Income tax | $38.5M | $81.0M | -$163.5M | $60.5M | $15.2M |
| Net income | $131.8M | $199.8M | -$550.7M | $184.6M | $48.9M |
| EPS, basic | – | – | – | $3.65 | $1.03 |
| EPS, diluted | – | – | – | $3.65 | $1.03 |
| Weighted shares, basic | – | – | – | 50.5M | 54.6M |
| Weighted shares, diluted | – | – | – | 50.6M | 54.6M |
| Margins and growth | |||||
| Operating margin | 24.7% | 32.2% | -51.5% | 22.9% | 16.9% |
| Net margin | 8.9% | 11.4% | -53.8% | 11.5% | 3.4% |
| Revenue growth, year over year | −15.8% | +70.9% | −36.3% | +12.6% | +104.1% |
| Net income growth, year over year | −34.0% | – | −398.3% | +277.4% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | – | – | Feb 27, 2023 | Feb 28, 2022 |
| Cash and equivalents | $570.6M | $595.7M | $631.5M | $626.7M | $843.2M |
| Goodwill | $2.34M | – | – | $0 | $1.31M |
| Total assets | $9.73B | $9.21B | $9.58B | $9.60B | $9.58B |
| Long-term debt | $5.11B | $5.13B | $5.30B | $4.75B | $4.59B |
| Total liabilities | $6.78B | $6.37B | $6.52B | $6.00B | $5.85B |
| Shareholders' equity | $2.95B | $2.84B | $3.06B | $3.61B | $3.71B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | – | – | Feb 27, 2023 | Feb 28, 2022 |
| Operating cash flow | $461.3M | $398.6M | -$256.2M | $325.3M | -$284.0M |
| Capital expenditures | $44.8M | $47.9M | $56.3M | $54.7M | $35.9M |
| Free cash flow | $416.6M | $350.7M | -$312.6M | $270.5M | -$319.9M |
| Depreciation and amortization | $183.2M | $179.8M | $216.1M | $200.4M | $205.1M |
| Stock-based compensation | $18.4M | $14.4M | $15.9M | $11.9M | $9.88M |
| Share buybacks | – | $0 | $0 | $403.9M | $81.1M |
| Investing cash flow | -$219.1M | -$301.3M | -$336.1M | -$220.7M | $101.5M |
| Financing cash flow | -$41.2M | -$152.3M | $546.5M | -$222.3M | $156.1M |
| Net change in cash | $201.1M | -$54.9M | -$45.9M | -$117.7M | -$26.4M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.2% | 0.8% | 1.5% | 0.7% | 0.7% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.