Howard Hughes Corp
NYSE:HHC
Income Statement
Earnings Waterfall
Howard Hughes Corp
Revenue
|
1.5B
USD
|
Cost of Revenue
|
-907.4m
USD
|
Gross Profit
|
633.8m
USD
|
Operating Expenses
|
-355.1m
USD
|
Operating Income
|
278.6m
USD
|
Other Expenses
|
-159.7m
USD
|
Net Income
|
119m
USD
|
Income Statement
Howard Hughes Corp
Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
439
N/A
|
444
+1%
|
469
+6%
|
478
+2%
|
542
+13%
|
562
+4%
|
635
+13%
|
691
+9%
|
691
0%
|
775
+12%
|
797
+3%
|
882
+11%
|
945
+7%
|
984
+4%
|
1 035
+5%
|
1 029
-1%
|
1 065
+4%
|
1 082
+2%
|
1 100
+2%
|
1 030
-6%
|
902
-12%
|
901
0%
|
1 065
+18%
|
1 257
+18%
|
1 507
+20%
|
1 481
-2%
|
1 301
-12%
|
1 122
-14%
|
847
-25%
|
770
-9%
|
700
-9%
|
715
+2%
|
771
+8%
|
836
+8%
|
1 428
+71%
|
1 448
+1%
|
1 512
+4%
|
1 932
+28%
|
1 608
-17%
|
1 595
-1%
|
1 541
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(260)
|
(271)
|
(284)
|
(285)
|
(289)
|
(289)
|
(326)
|
(353)
|
(394)
|
(433)
|
(446)
|
(490)
|
(513)
|
(554)
|
(587)
|
(590)
|
(626)
|
(640)
|
(662)
|
(622)
|
(555)
|
(534)
|
(658)
|
(790)
|
(996)
|
(978)
|
(813)
|
(769)
|
(524)
|
(476)
|
(437)
|
(387)
|
(418)
|
(456)
|
(862)
|
(837)
|
(865)
|
(1 151)
|
(921)
|
(915)
|
(907)
|
|
Gross Profit |
179
N/A
|
173
-3%
|
185
+7%
|
193
+4%
|
253
+31%
|
273
+8%
|
308
+13%
|
338
+10%
|
297
-12%
|
342
+15%
|
351
+3%
|
392
+12%
|
432
+10%
|
429
0%
|
448
+4%
|
439
-2%
|
439
+0%
|
442
+1%
|
438
-1%
|
408
-7%
|
348
-15%
|
367
+6%
|
406
+11%
|
467
+15%
|
511
+9%
|
504
-2%
|
487
-3%
|
353
-28%
|
323
-8%
|
294
-9%
|
263
-11%
|
329
+25%
|
353
+8%
|
380
+7%
|
566
+49%
|
610
+8%
|
647
+6%
|
781
+21%
|
688
-12%
|
679
-1%
|
634
-7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(78)
|
(78)
|
(74)
|
(77)
|
(93)
|
(100)
|
(142)
|
(169)
|
(194)
|
(226)
|
(232)
|
(237)
|
(229)
|
(227)
|
(226)
|
(224)
|
(244)
|
(259)
|
(271)
|
(283)
|
(286)
|
(287)
|
(300)
|
(309)
|
(311)
|
(324)
|
(359)
|
(403)
|
(416)
|
(423)
|
(391)
|
(367)
|
(365)
|
(368)
|
(364)
|
(361)
|
(356)
|
(343)
|
(348)
|
(342)
|
(355)
|
|
Selling, General & Administrative |
(57)
|
(60)
|
(70)
|
(79)
|
(91)
|
(100)
|
(115)
|
(122)
|
(128)
|
(137)
|
(135)
|
(137)
|
(138)
|
(139)
|
(141)
|
(137)
|
(139)
|
(140)
|
(142)
|
(151)
|
(159)
|
(161)
|
(172)
|
(174)
|
(176)
|
(185)
|
(216)
|
(230)
|
(226)
|
(221)
|
(174)
|
(156)
|
(149)
|
(145)
|
(147)
|
(155)
|
(152)
|
(149)
|
(150)
|
(146)
|
(152)
|
|
Depreciation & Amortization |
(27)
|
(30)
|
(34)
|
(38)
|
(43)
|
(46)
|
(56)
|
(67)
|
(81)
|
(93)
|
(99)
|
(101)
|
(100)
|
(99)
|
(96)
|
(98)
|
(108)
|
(121)
|
(132)
|
(135)
|
(129)
|
(125)
|
(127)
|
(135)
|
(144)
|
(153)
|
(156)
|
(181)
|
(189)
|
(202)
|
(218)
|
(205)
|
(208)
|
(212)
|
(205)
|
(204)
|
(204)
|
(197)
|
(200)
|
(204)
|
(208)
|
|
Other Operating Expenses |
5
|
12
|
30
|
40
|
40
|
45
|
30
|
21
|
15
|
3
|
2
|
1
|
9
|
11
|
12
|
12
|
3
|
2
|
3
|
3
|
3
|
(1)
|
(1)
|
(1)
|
9
|
14
|
12
|
8
|
(0)
|
(0)
|
0
|
(7)
|
(9)
|
(11)
|
(12)
|
(1)
|
(0)
|
3
|
2
|
7
|
5
|
|
Operating Income |
101
N/A
|
95
-7%
|
111
+17%
|
116
+4%
|
160
+38%
|
173
+8%
|
167
-4%
|
169
+2%
|
103
-39%
|
116
+12%
|
119
+3%
|
155
+30%
|
203
+31%
|
203
N/A
|
222
+9%
|
215
-3%
|
195
-9%
|
183
-6%
|
167
-9%
|
124
-26%
|
62
-50%
|
80
+29%
|
107
+33%
|
158
+48%
|
200
+26%
|
180
-10%
|
128
-29%
|
(50)
N/A
|
(93)
-85%
|
(129)
-39%
|
(128)
+1%
|
(39)
+70%
|
(12)
+68%
|
11
N/A
|
202
+1 688%
|
250
+24%
|
291
+17%
|
438
+51%
|
339
-23%
|
337
-1%
|
279
-17%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
17
|
21
|
8
|
4
|
12
|
(1)
|
7
|
(5)
|
(35)
|
(42)
|
(55)
|
(58)
|
(40)
|
(28)
|
(8)
|
(2)
|
(10)
|
(16)
|
(35)
|
(26)
|
(23)
|
(26)
|
(34)
|
(44)
|
(60)
|
(70)
|
(65)
|
(76)
|
(101)
|
156
|
141
|
145
|
162
|
(113)
|
(140)
|
(131)
|
(141)
|
(118)
|
(122)
|
(151)
|
(152)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
141
|
141
|
132
|
132
|
(17)
|
(17)
|
(9)
|
32
|
41
|
41
|
41
|
0
|
0
|
(0)
|
24
|
27
|
14
|
23
|
(15)
|
(5)
|
(28)
|
(28)
|
23
|
2
|
38
|
33
|
(5)
|
27
|
32
|
29
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
29
|
29
|
0
|
0
|
0
|
(1)
|
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
|
|
Total Other Income |
(252)
|
(188)
|
(183)
|
(245)
|
(204)
|
(170)
|
(135)
|
(147)
|
(26)
|
68
|
58
|
226
|
139
|
(21)
|
(24)
|
(67)
|
(54)
|
(46)
|
(43)
|
(31)
|
0
|
0
|
0
|
0
|
0
|
14
|
14
|
14
|
14
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(133)
N/A
|
(73)
+45%
|
(64)
+12%
|
(125)
-95%
|
(32)
+74%
|
2
N/A
|
39
+2 527%
|
17
-56%
|
42
+145%
|
171
+302%
|
151
-12%
|
463
+207%
|
442
-5%
|
286
-35%
|
321
+12%
|
127
-60%
|
113
-11%
|
111
-2%
|
121
+9%
|
108
-11%
|
80
-26%
|
95
+19%
|
73
-23%
|
114
+55%
|
140
+23%
|
147
+5%
|
104
-30%
|
(99)
N/A
|
(157)
-60%
|
12
N/A
|
9
-29%
|
78
+821%
|
121
+55%
|
(79)
N/A
|
64
N/A
|
156
+144%
|
183
+17%
|
316
+73%
|
245
-22%
|
218
-11%
|
155
-29%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(18)
|
(20)
|
(10)
|
(12)
|
(43)
|
(39)
|
(63)
|
(61)
|
(20)
|
(38)
|
(24)
|
(87)
|
(109)
|
(101)
|
(119)
|
(63)
|
(53)
|
(48)
|
46
|
55
|
74
|
72
|
(16)
|
(26)
|
(33)
|
(34)
|
(29)
|
16
|
27
|
(8)
|
(12)
|
(25)
|
(30)
|
8
|
(15)
|
(37)
|
(46)
|
(74)
|
(61)
|
(59)
|
(36)
|
|
Income from Continuing Operations |
(151)
|
(93)
|
(74)
|
(137)
|
(75)
|
(37)
|
(24)
|
(43)
|
22
|
133
|
127
|
377
|
333
|
185
|
202
|
64
|
60
|
63
|
167
|
163
|
154
|
167
|
58
|
88
|
107
|
113
|
74
|
(83)
|
(130)
|
4
|
(3)
|
54
|
91
|
(70)
|
49
|
119
|
137
|
243
|
185
|
160
|
119
|
|
Income to Minority Interest |
1
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
1
|
2
|
2
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(25)
|
(23)
|
(21)
|
(20)
|
6
|
7
|
6
|
4
|
3
|
(0)
|
(0)
|
(0)
|
|
Net Income (Common) |
(150)
N/A
|
(93)
+38%
|
(74)
+21%
|
(137)
-86%
|
(75)
+45%
|
(37)
+51%
|
(24)
+36%
|
(43)
-84%
|
22
N/A
|
133
+500%
|
127
-5%
|
377
+197%
|
333
-12%
|
185
-45%
|
202
+10%
|
64
-68%
|
60
-6%
|
63
+4%
|
168
+168%
|
164
-2%
|
156
-5%
|
169
+8%
|
57
-66%
|
87
+53%
|
106
+21%
|
112
+6%
|
74
-34%
|
(83)
N/A
|
(131)
-57%
|
(21)
+84%
|
(26)
-27%
|
32
N/A
|
71
+120%
|
(64)
N/A
|
56
N/A
|
125
+122%
|
142
+13%
|
246
+74%
|
185
-25%
|
160
-13%
|
119
-25%
|
|
EPS (Diluted) |
-3.8
N/A
|
-2.2
+42%
|
-1.87
+15%
|
-3.46
-85%
|
-1.92
+45%
|
-0.85
+56%
|
-0.6
+29%
|
-1.09
-82%
|
0.51
N/A
|
3.09
+506%
|
2.96
-4%
|
8.87
+200%
|
7.8
-12%
|
4.31
-45%
|
4.73
+10%
|
1.5
-68%
|
1.41
-6%
|
1.46
+4%
|
3.91
+168%
|
3.8
-3%
|
3.66
-4%
|
3.91
+7%
|
1.32
-66%
|
2.02
+53%
|
2.45
+21%
|
2.6
+6%
|
1.71
-34%
|
-1.91
N/A
|
-2.35
-23%
|
-0.37
+84%
|
-0.5
-35%
|
0.58
N/A
|
1.28
+121%
|
-1.16
N/A
|
1.03
N/A
|
2.37
+130%
|
2.78
+17%
|
4.96
+78%
|
3.65
-26%
|
3.22
-12%
|
2.4
-25%
|