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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Master Planned Communities assets $ 2,472,497 $ 2,411,526
Buildings and equipment 4,093,344 4,246,389
Less: accumulated depreciation (987,801) (867,700)
Land 303,685 312,230
Developments 1,159,215 1,125,027
Net investment in real estate 7,040,940 7,227,472
Investments in unconsolidated ventures 225,580 246,171
Cash and cash equivalents 491,679 626,653
Restricted cash 444,119 472,284
Accounts receivable, net 108,875 103,437
Municipal Utility District receivables, net 593,984 473,068
Deferred expenses, net 141,410 128,865
Operating lease right-of-use assets 45,596 46,926
Other assets, net 276,385 278,587
Total assets 9,368,568 9,603,463
LIABILITIES    
Mortgages, notes, and loans payable, net 5,196,000 4,747,183
Operating lease obligations 51,761 51,321
Deferred tax liabilities, net 87,288 254,336
Accounts payable and other liabilities 1,003,868 944,511
Total liabilities 6,338,917 5,997,351
Commitments and Contingencies (see Note 9)
EQUITY    
Preferred stock: no shares authorized or issued as of September 30, 2023; $0.01 par value, 50,000,000 shares authorized, and none issued as of December 31, 2022 0 0
Common stock: 10 shares authorized, issued, and outstanding as of September 30, 2023; $0.01 par value, 150,000,000 shares authorized, 56,226,273 shares issued, and 49,801,997 outstanding as of December 31, 2022 0 564
Additional paid-in capital 3,374,128 3,972,561
Retained earnings (accumulated deficit) attributable to Howard Hughes Holdings Inc. (417,982) 168,077
Accumulated other comprehensive income (loss) 7,571 10,335
Treasury stock, at cost, no shares as of September 30, 2023, and 6,424,276 shares as of December 31, 2022 0 (611,038)
Total equity attributable to Howard Hughes Holdings Inc. 2,963,717 3,540,499
Noncontrolling interests 65,934 65,613
Total equity 3,029,651 3,606,112
Total liabilities and equity $ 9,368,568 $ 9,603,463