Howard Hughes Holdings Inc. (HHH)

Howard Hughes Holdings Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	292.1	123.9	197.7	-551.77	184.53	56.1
Depreciation & Amortization	219.59	183.6	180.12	168.96	154.82	205.15
Other Amortization	12.59	12.38	12.4	11.84	10.25	10.3
Loss (Gain) From Sale of Assets	-66.24	-29.83	-22.91	-24.16	-29.69	-53.06
Asset Writedown & Restructuring Costs	-	-	-	-	-	15.34
Loss (Gain) From Sale of Investments	38.12	-	-	-	-5.02	-
Loss (Gain) on Equity Investments	7.01	4.5	12.44	-15.54	-8.19	52.39
Stock-Based Compensation	16.48	19.8	16.01	16.39	11.9	9.89
Provision & Write-off of Bad Debts	4	3.41	-0.5	8.27	0.03	-2.03
Other Operating Activities	124.03	-207.91	-25.56	-77.74	-40.7	-670.52
Change in Accounts Receivable	-11.7	-18.22	83.78	117.33	82.77	30.59
Change in Accounts Payable	95.6	95.6	28.78	38.85	14.44	42.83
Change in Other Net Operating Assets	33.26	275.15	-34.51	92.41	-33.17	19.07
Operating Cash Flow	787.15	462.37	396.59	-258.48	325.25	-283.96
Operating Cash Flow Growth	46.39%	16.59%	-	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-10.24	-21.61	-20.6	-13.24	-2	-1.81
Sale of Property, Plant & Equipment	131.63	12.34	48.41	39.54	81.72	322.45
Sale (Purchase) of Real Estate	-166.67	-215.72	-300.9	-271.25	-311.61	-310.66
Investment in Securities	1,226	0.8	3.16	13	207.39	90.81
Other Investing Activities	4.62	5.13	-30.86	-104.19	-196.19	0.67
Investing Cash Flow	-453.85	-219.07	-300.79	-336.14	-220.7	101.46

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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)	247.06	-22.91	-46.12	529.82	172.46	282.52
Issuance of Common Stock	10.96	862.85	-	-	0.35	4.08
Repurchase of Common Stock	-6.88	-3.64	-2.31	-2.7	-406.88	-83.63
Other Financing Activities	-15.27	19.06	-101.93	21.62	11.81	-46.83
Financing Cash Flow	1,233	855.35	-150.35	548.74	-222.26	156.14

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	1,567	1,099	-54.55	-45.88	-117.7	-26.36

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	776.92	440.76	375.99	-271.72	323.25	-285.77
Free Cash Flow Growth	49.59%	17.22%	-	-	-	-
Free Cash Flow Margin	32.74%	29.88%	21.48%	-29.90%	21.70%	-20.01%
Free Cash Flow Per Share	13.09	7.86	7.53	-5.48	6.39	-5.23
Levered Free Cash Flow	-1,134	474.77	825.5	-65.83	196.55	149.43
Unlevered Free Cash Flow	-1,039	568.6	916.18	20.82	256.61	220.4

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	-	-	-	-	-	182.65
Cash Income Tax Paid	-	-4	3.94	10.61	24.97	1.79
Change in Working Capital	139.48	352.53	78.05	248.59	64.04	92.48

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 16, 2026

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