Macerich Company (The) (MAC) financial statements (2021 and earlier)

Company profile

Business Address 401 WILSHIRE BLVD
SANTA MONICA, CA 90401
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments46510010391948785
Cash and cash equivalents46510010391948785
Restricted cash and investments17144752504114
Total current assets:48311414914314412898
Noncurrent Assets
Operating lease, right-of-use asset118148
Property, plant and equipment1,7331,7511,7131,7551,7852,0652,395
Long-term investments and receivables1,3411,5201,4931,7101,7741,533984
Long-term investments1,3411,5201,4931,7101,7741,533984
Intangible assets, net (including goodwill)4832466084140268
Intangible assets, net (excluding goodwill)4832466084140268
Deferred costs63554652433735
Total noncurrent assets:3,3033,5063,2983,5773,6853,7743,682
Other undisclosed assets5,3995,2335,5805,8866,1297,3579,341
TOTAL ASSETS:9,1848,8549,0279,6069,95811,25913,122
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44840423241
Accounts payable44840423241
Total current liabilities:44840423241
Noncurrent Liabilities
Liabilities, other than long-term debt    596475
Deferred revenue and credits 596475
Total noncurrent liabilities:    596475
Other undisclosed liabilities6,7356,0185,8305,5985,4306,0926,965
Total liabilities:6,7396,0235,8385,6385,5316,1877,082
Stockholders' equity
Stockholders' equity attributable to parent2,2572,6322,9503,6824,1064,7155,640
Common stock1111122
Additional paid in capital4,6034,5844,5684,5104,5934,9275,042
Accumulated other comprehensive loss(8)(9)(4)(0)   
Retained earnings (accumulated deficit)(2,340)(1,944)(1,614)(830)(489)(213)597
Stockholders' equity attributable to noncontrolling interest188199238286321356400
Total stockholders' equity:2,4452,8313,1883,9684,4275,0716,040
TOTAL LIABILITIES AND EQUITY:9,1848,8549,0279,6069,95811,25913,122

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7869279609941,0411,2881,105
Revenue, net8949421,2001,019
Operating lease, lease income740859
Operating leases, income statement, lease revenue593
Cost of revenue(298)(483)(505)(541)(564)(683)(598)
Cost of goods and services sold   (295)(308)(380)(354)
Gross profit:488445456453477606507
Operating expenses(475)(377)(430)(390)(380)(520)(452)
Operating income:13682563978655
Nonoperating expense
(Operating Lease, Initial Direct Cost Expense, over Term)
(25)(30)     
Interest and debt expense(76)(139)(183)(172)(150)(212)(191)
Loss from continuing operations before equity method investments, income taxes:(88)(101)(158)(109)(53)(126)(136)
Income (loss) from equity method investments(27)497286574561
Income (loss) from continuing operations before income taxes:(115)(52)(86)(23)4(81)(76)
Income tax expense (benefit)0(2)4(16)(1)34
Other undisclosed income (loss) from continuing operations(131)1561512015526001,678
Net income (loss):(245)103691625555231,607
Net income (loss) attributable to noncontrolling interest15(6)(9)(16)(38)(35)(108)
Net income (loss) available to common stockholders, diluted:(230)97601465174881,499

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(245)103691625555231,607
Other undisclosed comprehensive income (loss)1(5)(4)(0)   
Comprehensive income (loss):(245)98651625555231,607
Comprehensive income (loss), net of tax, attributable to noncontrolling interest15(6)(9)(16)(38)(35)(108)
Comprehensive income (loss), net of tax, attributable to parent:(229)92561465174881,499

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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