THE HOWARD HUGHES CORPORATION HHC Income Statement

The howard hughes corporation (HHC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues:
Minimum rents
221,907	207,315	183,025	173,268	150,760	97,234	81,668	82,621	71,178	66,926	65,653
Tenant recoveries
54,710	49,993	45,814	44,330	39,542	28,353	21,068	23,351	19,323	18,567	19,642
Interest income from sales-type leases
2,189	0	0	-	-	-	-	-	-	-	-
Revenues
1,300,539	1,064,537	1,100,120	1,035,005	797,088	634,565	469,418	376,886	275,689	142,718	136,348
Expenses:
Condominium rights and unit cost of sales
-	-	-	319,325	191,606	49,995	16,572	96	14,465	-	-
Rental property maintenance costs
17,410	15,813	13,432	12,392	10,712	9,135	8,083	8,655	7,076	6,495	5,586
Operating costs
60,226	59,195	56,362	49,359	34,839	31,829	29,454	29,112	13,220	-	-
Other property operating costs
175,230	133,761	91,729	65,978	72,751	67,034	65,723	63,035	50,549	36,641	34,810
Rental property real estate taxes
36,861	32,183	29,185	26,847	24,138	17,407	14,291	13,643	10,270	13,718	13,813
Provision for (recovery of) doubtful accounts
-414	6,078	2,710	5,664	4,030	1,404	836	1,224	-235	1,782	2,539
Demolition costs
855	17,329	1,923	2,212	3,297	6,734	2,078	-	-	-	-
Development-related marketing costs
23,067	29,249	20,504	22,184	25,466	22,783	5,880	-	-	-	-
General and administrative
156,251	104,625	89,882	86,588	81,345	73,569	48,466	36,548	32,342	21,538	23,023
Other income
-	-	-	-	-	-	-	2,125	-	-	-
Depreciation, Depletion and Amortization, Nonproduction
155,798	126,565	132,252	95,864	98,997	55,958	33,845	24,429	16,782	16,563	19,841
Total expenses
1,184,770	956,791	936,233	824,511	680,153	497,314	358,204	304,421	248,224	654,585	829,023
Operating income before other items
-	-	-	-	116,935	137,251	-	-	-	-	-
Other:
Gains (Losses) on Sales of Investment Real Estate
22,362	-4	55,235	140,549	-	-	-	-	-	-	-
Provision for impairment
-	-	-	35,734	-	-	-	-	-	503,356	680,349
Other Operating Income (Loss)
12,179	-936	3,248	11,453	1,829	29,471	-	-	-	-	-
Total other
34,541	-940	58,483	116,268	1,829	29,471	29,478	-	-	-	-
Operating (loss) income
150,310	106,806	222,370	326,762	118,764	166,722	111,214	72,465	27,465	-511,867	-692,675
Selling profit from sales-type leases
13,537	-	-	-	-	-	-	-	-	-	-
Interest income
9,797	8,486	4,043	1,359	586	22,531	3,185	9,437	9,876	369	1,689
Interest Expense
105,374	82,028	64,568	65,724	59,744	38,624	9,759	964	-	2,422	977
Gain on extinguishment of debt
4,641	0	-46,410	0	-	-	-	-	-11,305	-	-
Investment in Real Estate Affiliate basis adjustment
-	-	-	-	-	-	-	-	-6,053	-	-
Warrant liability loss
0	0	43,443	24,410	-58,320	60,520	181,987	-185,017	101,584	-140,900	-
Increase in tax indemnity receivable
-	-	-	-	-	90	-1,206	-20,260	-	-	-
Loss on settlement of tax indemnity receivable
-	-	-	-	-	-74,095	-	-	-	-	-
(Loss) gain on disposal of operating assets
-	-	-	-1,117	29,073	-	-	-	-	-	-
Gain on acquisition of joint venture partners interest
0	0	23,332	27,088	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
30,629	39,954	25,498	56,818	3,721	23,336	14,428	3,683	8,578	9,413	-28,209
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
103,540	73,218	120,822	320,776	150,720	39,440	-64,125	-120,656	130,145	-645,407	-720,172
Provision for income taxes
29,245	15,492	-45,801	118,450	24,001	62,960	9,570	6,887	-18,325	-633,459	-23,969
Reorganization items
-	-	-	-	-	-	-	-	-	57,282	6,674
Discontinued operations - loss on dispositions
-	-	-	-	-	-	-	-	-	-	-939
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
74,295	57,726	166,623	202,326	126,719	-23,520	-73,695	-127,543	148,470	-69,230	-703,816
Net income attributable to noncontrolling interests
339	714	-1,781	23	-	11	95	745	1,290	201	-204
Net (loss) income attributable to common stockholders
73,956	57,012	168,404	202,303	126,719	-23,531	-73,790	-128,288	147,180	-69,431	-703,612
Pension plan adjustment
-	-	-	-	-	-	-	-	-	-	1,182
Other comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	1,182
Comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-702,634
Net income (loss) attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-204
Continuing operations
-	-	-	-	-	-	-	-	-	-	-18.64
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-0.02
Basic (loss) income per share (in dollars per share)
1.71	1.32	4.07	5.12	3.21	-0.60	-1.87	-3.36	3.88	-1.84	-18.66
Continuing operations
-	-	-	-	-	-	-	-	-	-	-18.64
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-0.02
Diluted (loss) income per share (in dollars per share)
1.71	1.32	3.91	4.73	1.60	-0.60	-1.87	-3.36	1.17	-1.84	-18.66
Comprehensive income (loss) attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-702,430
Condominium Rights And Unit Sales [Member]
Revenues
448,940	357,720	464,251	485,634	305,284	83,565	32,969	267	22,067	1,139	-
Cost of sales
369,759	262,562	338,361	-	-	-	-	-	-	1,000	-
Master Planned Community Land Sales [Member]
Revenues
330,146	261,905	248,595	215,318	187,399	325,099	251,217	182,643	114,610	38,058	34,563
Hospitality revenues
Revenue
87,864	82,037	76,020	62,252	45,374	37,921	39,201	39,782	15,744	-	-
Builder Price Participation [Member]
Revenues
35,681	27,085	22,835	21,386	26,846	20,908	9,356	5,747	3,816	4,124	5,687
Other land revenues
Revenue
23,399	21,314	28,166	16,232	14,803	16,503	13,416	18,073	13,133	6,332	5,747
Other rental and property revenues
Revenue
95,703	57,168	31,414	16,585	27,080	24,982	20,523	24,402	15,818	7,572	5,056
Master Planned Communities cost of sales
Cost of goods and services sold
141,852	124,214	121,116	95,727	88,065	119,672	124,040	89,298	70,108	23,388	-22,020
Master Planned Communities operations
Cost of goods and services sold
47,875	45,217	38,777	42,371	44,907	41,794	38,414	40,506	33,647	30,104	27,042