XML 85 R75.htm IDEA: XBRL DOCUMENT v3.24.3
Segments - Summary of Segment Operating Results (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segments reporting        
Total revenues $ 327,147 $ 228,473 $ 767,099 $ 595,789
Depreciation and amortization (44,088) (42,686) (134,833) (122,217)
Other income (loss), net 90,489 (82) 91,870 4,914
Equity in earnings (losses) from unconsolidated ventures (1,630) 15,732 (4,230) 26,461
Gain (loss) on sale or disposal of real estate and other assets, net 3,165 16,286 7,959 21,000
Gain (loss) on extinguishment of debt 0 0 (198) 0
Income (loss) from continuing operations before income taxes 107,759 43,665 142,833 41,742
Net income (loss) from continuing operations 97,341 32,212 124,995 30,724
Net income (loss) from discontinued operations, net of taxes (24,031) (576,199) (81,807) (616,479)
Net (income) loss attributable to noncontrolling interests 273 (46) 297 (166)
Net income (loss) attributable to HHH 73,583 (544,033) 43,485 (585,921)
Operating segments        
Segments reporting        
Total revenues 327,131 228,458 767,049 595,744
Total operating expenses (149,930) (118,819) (352,486) (314,174)
Segment operating income (loss) 177,201 109,639 414,563 281,570
Depreciation and amortization (43,321) (41,712) (132,487) (119,618)
Interest income (expense), net (15,883) (10,894) (42,958) (28,498)
Other income (loss), net 90,035 (105) 90,971 2,133
Equity in earnings (losses) from unconsolidated ventures (1,630) 15,732 (4,230) 26,461
Gain (loss) on sale or disposal of real estate and other assets, net 3,165 16,286 7,959 21,000
Gain (loss) on extinguishment of debt     (198)  
Income (loss) from continuing operations before income taxes 209,567 88,946 333,620 183,048
Corporate        
Segments reporting        
Corporate income, expenses, and other items (112,226) (56,734) (208,625) (152,324)
Operating Assets Segment        
Segments reporting        
Total revenues 114,019 106,178 331,779 310,942
Operating Assets Segment | Operating segments        
Segments reporting        
Total revenues 114,019 106,178 331,779 310,942
Total operating expenses (48,987) (47,960) (142,751) (134,486)
Segment operating income (loss) 65,032 58,218 189,028 176,456
Depreciation and amortization (42,252) (40,647) (125,903) (116,454)
Interest income (expense), net (36,661) (31,337) (103,768) (89,419)
Other income (loss), net (54) (186) 896 2,078
Equity in earnings (losses) from unconsolidated ventures (2,109) 1,363 4,044 5,311
Gain (loss) on sale or disposal of real estate and other assets, net 3,165 16,050 7,959 20,764
Gain (loss) on extinguishment of debt     (198)  
Income (loss) from continuing operations before income taxes (12,879) 3,461 (27,942) (1,264)
MPC Segment        
Segments reporting        
Total revenues 212,607 95,799 433,663 236,123
MPC Segment | Operating segments        
Segments reporting        
Total revenues 212,607 95,799 433,663 236,123
Total operating expenses (84,532) (41,239) (180,464) (103,668)
Segment operating income (loss) 128,075 54,560 253,199 132,455
Depreciation and amortization (109) (103) (327) (316)
Interest income (expense), net 16,425 16,031 47,839 49,004
Other income (loss), net 0 0 0 (103)
Equity in earnings (losses) from unconsolidated ventures 361 14,310 (8,467) 21,056
Gain (loss) on sale or disposal of real estate and other assets, net 0 0 0 0
Gain (loss) on extinguishment of debt     0  
Income (loss) from continuing operations before income taxes 144,752 84,798 292,244 202,096
Strategic Developments Segment        
Segments reporting        
Total revenues 505 26,481 1,607 48,679
Strategic Developments Segment | Operating segments        
Segments reporting        
Total revenues 505 26,481 1,607 48,679
Total operating expenses (16,411) (29,620) (29,271) (76,020)
Segment operating income (loss) (15,906) (3,139) (27,664) (27,341)
Depreciation and amortization (960) (962) (6,257) (2,848)
Interest income (expense), net 4,353 4,412 12,971 11,917
Other income (loss), net 90,089 81 90,075 158
Equity in earnings (losses) from unconsolidated ventures 118 59 193 94
Gain (loss) on sale or disposal of real estate and other assets, net 0 236 0 236
Gain (loss) on extinguishment of debt     0  
Income (loss) from continuing operations before income taxes $ 77,694 $ 687 $ 69,318 $ (17,784)