The howard hughes corporation (HHC)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets:
Investment in real estate:
Master Planned Communities assets

1,672

1,655

1,683

1,675

1,665

1,642

1,621

1,640

1,633

1,642

1,667

1,676

1,672

1,669

1,660

1,652

1,647

1,642

1,672

1,648

1,639

1,641

1,605

1,603

1,537

1,537

1,560

1,562

1,561

1,563

1,585

1,597

1,601

1,602

1,611

1,348

1,350

Buildings and equipment

3,901

3,813

3,268

3,136

3,082

2,932

2,510

2,390

2,365

2,238

2,155

2,152

2,131

2,027

1,900

1,910

1,884

1,772

1,478

1,429

1,295

1,243

907

846

769

754

712

719

660

657

646

627

559

545

523

344

336

Less: accumulated depreciation

549

507

478

444

410

380

359

341

325

321

303

282

266

245

242

271

252

232

213

192

173

157

138

128

120

111

112

123

117

112

106

101

96

91

94

88

78

Land

359

353

315

303

303

297

302

273

273

277

314

314

314

320

314

315

325

322

305

319

321

317

263

244

244

244

255

253

252

252

253

253

238

234

259

180

180

Developments

1,488

1,445

1,345

1,349

1,384

1,290

1,825

1,739

1,412

1,196

1,124

1,048

994

961

976

915

806

1,036

1,205

1,119

1,109

914

899

767

634

488

380

307

326

273

224

204

200

207

190

292

293

Net property and equipment

6,872

6,760

6,257

6,138

6,131

5,782

6,009

5,801

5,445

5,110

5,046

4,991

4,917

4,810

4,688

4,587

4,469

4,599

4,505

4,380

4,248

4,013

3,623

3,411

3,132

2,974

2,854

2,775

2,717

2,666

2,639

2,613

2,566

2,556

2,551

2,230

2,232

Investment in real estate and other affiliates

127

121

121

117

106

102

107

99

85

76

89

81

70

76

78

65

56

57

56

55

56

53

85

77

67

61

57

56

33

32

36

32

63

58

61

153

149

Net investment in real estate

7,000

6,882

6,135

6,020

6,025

5,884

5,901

5,702

5,359

5,033

4,957

4,909

4,847

4,734

4,609

4,521

4,412

4,541

4,448

4,324

4,192

3,959

3,537

3,334

3,065

2,913

2,796

2,718

2,683

2,634

2,603

2,581

2,503

2,498

2,490

2,077

2,083

Net investment in lease receivable

2

79

78

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

971

422

637

650

452

499

454

606

632

861

601

660

541

665

653

670

736

445

450

488

458

560

805

739

827

894

210

213

200

229

272

254

209

227

293

275

284

Restricted cash

267

197

204

197

134

224

158

129

132

103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

9

12

17

19

16

12

15

13

14

13

9

11

10

9

38

40

29

9

32

36

37

28

25

25

24

21

19

18

16

13

13

15

13

20

15

7

8

Municipal Utility District receivables, net

301

280

288

273

246

222

237

222

203

184

193

175

160

150

171

163

157

139

136

124

111

104

122

116

106

125

125

116

102

89

105

94

90

86

110

-

28

Notes receivable, net

36

36

36

0

4

4

40

4

8

5

-

-

-

0

0

0

25

1

23

25

26

28

12

14

19

20

19

22

26

27

28

30

33

35

39

37

38

Deferred expenses, net

139

133

110

108

104

95

95

93

90

80

76

75

64

64

64

63

63

61

73

72

73

60

73

61

51

36

22

17

9

12

12

12

11

10

7

5

6

Operating Lease, Right-of-Use Asset

58

69

70

71

72

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax indemnity receivable, including interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

333

329

322

320

316

313

319

319

326

326

333

331

329

327

323

Prepaid expenses and other assets, net

332

300

246

249

253

411

286

262

210

370

796

752

714

666

820

692

550

463

323

278

293

310

314

282

216

173

151

125

154

143

124

119

130

130

130

141

100

Property held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets

9,119

8,413

7,947

7,709

7,416

7,355

7,296

7,133

6,737

6,729

6,723

6,667

6,408

6,367

6,470

6,217

6,031

5,721

5,544

5,405

5,248

5,105

5,311

4,980

4,699

4,567

3,719

3,604

3,546

3,503

3,524

3,467

3,390

3,399

3,476

3,025

3,022

Liabilities:
Mortgages, notes and loans payable, net

4,304

4,096

3,624

3,422

3,241

3,181

3,261

3,137

2,895

2,857

2,993

3,002

2,750

2,690

2,847

2,651

2,543

2,443

2,322

2,286

2,123

1,978

1,880

1,639

1,559

1,514

765

715

696

688

683

659

598

606

708

306

318

Operating Lease, Liability

69

70

71

71

71

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

140

180

172

166

165

157

148

141

143

160

237

224

210

200

156

158

141

89

84

67

-63

62

-41

-55

-92

-89

-94

-89

-77

-77

-75

-76

77

-75

72

79

78

Warrant liabilities

-

-

-

-

-

-

-

-

-

-

-

-

313

332

329

322

277

307

308

432

474

366

444

469

402

305

272

267

156

123

290

226

249

127

128

298

227

Uncertain tax position liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

9

3

1

4

4

4

4

231

217

131

129

137

136

134

132

135

133

131

129

146

144

140

Accounts payable and accrued expenses

831

733

699

697

628

779

705

703

619

521

462

473

516

572

603

572

564

515

489

437

458

466

516

451

354

283

223

178

187

170

136

119

113

129

122

65

78

Liabilities

5,347

5,080

4,567

4,357

4,108

4,117

4,115

3,983

3,658

3,540

3,693

3,699

3,790

3,795

3,956

3,714

3,531

3,357

3,208

3,228

3,125

2,877

3,114

2,832

2,539

2,322

1,493

1,387

1,253

1,192

1,322

1,215

1,171

1,069

1,178

894

843

Commitments and Contingencies (see Note 10)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Equity:
Preferred stock: $.01 par value; 50,000,000 shares authorized, none issued

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

0

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

Common stock: $.01 par value; 150,000,000 shares authorized, 55,989,263 issued and 54,939,003 outstanding as of March 31, 2020, and 150,000,000 shares authorized, 43,635,893 shares issued and 42,585,633 outstanding as of December 31, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

3,939

3,343

3,334

3,329

3,325

3,322

3,318

3,314

3,310

3,302

3,295

3,243

2,893

2,853

2,856

2,853

2,851

2,847

2,845

2,842

2,839

2,838

2,835

2,833

2,831

2,829

2,828

2,826

2,825

2,824

2,714

2,713

2,711

2,711

2,710

2,709

2,708

Accumulated deficit

-171

-46

-45

-75

-88

-120

-157

-180

-175

-109

-258

-269

-272

-277

-321

-329

-336

-480

-506

-662

-712

-606

-638

-684

-669

-583

-601

-609

-532

-509

-508

-459

-493

-381

-412

-577

-528

Accumulated other comprehensive loss

-60

-29

-35

-28

-14

-8

4

2

-0

-6

-9

-9

-6

-6

-23

-24

-17

-7

-7

-7

-7

-7

-7

-8

-8

-8

-8

-7

-9

-9

-9

-8

-5

-5

-4

-2

-1

Treasury stock, at cost, 1,050,260 shares as of March 31, 2020 and December 31, 2019

120

120

62

62

62

62

60

60

60

3

1

1

1

1

1

1

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity

3,587

3,148

3,191

3,163

3,160

3,132

3,105

3,075

3,073

3,182

3,026

2,963

2,613

2,567

2,510

2,499

2,496

2,360

2,331

2,173

2,119

2,223

2,189

2,141

2,154

2,238

2,218

2,209

2,283

2,305

2,196

2,245

2,212

2,324

2,293

2,130

2,178

Noncontrolling interests

184

184

188

188

147

105

75

75

5

5

3

3

3

3

3

3

3

3

3

3

3

3

6

6

6

6

7

7

9

5

5

6

5

5

5

0

0

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

3,772

3,332

3,380

3,351

3,307

3,238

3,181

3,150

3,079

3,188

3,030

2,967

2,617

2,571

2,513

2,503

2,500

2,363

2,335

2,177

2,123

2,227

2,196

2,147

2,160

2,245

2,225

2,217

2,292

2,310

2,202

2,252

2,218

2,329

2,298

2,130

2,179

Total liabilities and equity

9,119

8,413

7,947

7,709

7,416

7,355

7,296

7,133

6,737

6,729

6,723

6,667

6,408

6,367

6,470

6,217

6,031

5,721

5,544

5,405

5,248

5,105

5,311

4,980

4,699

4,567

3,719

3,604

3,546

3,503

3,524

3,467

3,390

3,399

3,476

3,025

3,022