Howard Hughes Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	123.9	197.7	-551.77	184.53	56.1
Depreciation & Amortization	183.6	180.12	168.96	154.82	205.15
Other Amortization	12.38	12.4	11.84	10.25	10.3
Loss (Gain) From Sale of Assets	-29.83	-22.91	-24.16	-29.69	-53.06
Asset Writedown & Restructuring Costs	-	-	-	-	15.34
Loss (Gain) From Sale of Investments	-	-	-	-5.02	-
Loss (Gain) on Equity Investments	4.5	12.44	-15.54	-8.19	52.39
Stock-Based Compensation	19.8	16.01	16.39	11.9	9.89
Provision & Write-off of Bad Debts	3.41	-0.5	8.27	0.03	-2.03
Other Operating Activities	-207.91	-25.56	-77.74	-40.7	-670.52
Change in Accounts Receivable	-18.22	83.78	117.33	82.77	30.59
Change in Accounts Payable	95.6	28.78	38.85	14.44	42.83
Change in Other Net Operating Assets	275.15	-34.51	92.41	-33.17	19.07
Operating Cash Flow	462.37	396.59	-258.48	325.25	-283.96
Operating Cash Flow Growth	16.59%	-	-	-	-
Capital Expenditures	-21.61	-20.6	-13.24	-2	-1.81
Sale of Property, Plant & Equipment	12.34	48.41	39.54	81.72	322.45
Sale (Purchase) of Real Estate	-215.72	-300.9	-271.25	-311.61	-310.66
Investment in Securities	0.8	3.16	13	207.39	90.81
Other Investing Activities	5.13	-30.86	-104.19	-196.19	0.67
Investing Cash Flow	-219.07	-300.79	-336.14	-220.7	101.46
Long-Term Debt Issued	759.55	761.43	677.44	1,236	2,423
Long-Term Debt Repaid	-782.46	-807.55	-147.62	-1,063	-2,140
Net Debt Issued (Repaid)	-22.91	-46.12	529.82	172.46	282.52
Issuance of Common Stock	862.85	-	-	0.35	4.08
Repurchase of Common Stock	-3.64	-2.31	-2.7	-406.88	-83.63
Other Financing Activities	19.06	-101.93	21.62	11.81	-46.83
Financing Cash Flow	855.35	-150.35	548.74	-222.26	156.14
Net Cash Flow	1,099	-54.55	-45.88	-117.7	-26.36
Free Cash Flow	440.76	375.99	-271.72	323.25	-285.77
Free Cash Flow Growth	17.22%	-	-	-	-
Free Cash Flow Margin	29.88%	21.48%	-29.90%	21.70%	-20.01%
Free Cash Flow Per Share	7.86	7.53	-5.48	6.39	-5.23
Cash Interest Paid	-	-	-	-	182.65
Cash Income Tax Paid	-4	3.94	10.61	24.97	1.79
Levered Free Cash Flow	474.77	825.5	-65.83	196.55	149.43
Unlevered Free Cash Flow	568.6	916.18	20.82	256.61	220.4
Change in Working Capital	352.53	78.05	248.59	64.04	92.48

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q