Macerich Company (The) (MAC) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments92,465112,173100,320109,991106,384128,244
Cash and cash equivalents92,465112,173100,320109,991106,384128,244
Restricted cash and investments92,33893,52080,81954,98452,06055,933
Total current assets:184,803205,693181,139164,975158,444184,177
Noncurrent Assets
Operating lease, right-of-use asset122,443124,134126,606129,025129,161131,547
Property, plant and equipment   186,767  1,624,487
Long-term investments and receivables1,034,1811,088,9061,224,2881,204,1531,246,7301,263,252
Long-term investments1,034,1811,088,9061,224,2881,204,1531,246,7301,263,252
Intangible assets, net (including goodwill)63,09159,81763,96165,08259,47060,975
Intangible assets, net (excluding goodwill)63,09159,81763,96165,08259,47060,975
Deferred costs60,08558,31554,35351,78155,24563,051
Total noncurrent assets:1,279,8001,331,1721,655,9751,450,0411,490,6063,143,312
Other undisclosed assets6,429,9836,380,6466,257,0256,453,7946,465,3364,882,191
TOTAL ASSETS:7,894,5867,917,5118,094,1398,068,8108,114,3868,209,680
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,4259,0023,1647,1316,44310,351
Accounts payable8,4259,0023,1647,1316,44310,351
Total current liabilities:8,4259,0023,1647,1316,44310,351
Noncurrent Liabilities
Other undisclosed liabilities5,077,1245,053,0955,141,6265,083,5345,051,5505,095,825
Total liabilities:5,085,5495,062,0975,144,7905,090,6655,057,9935,106,176
Equity
Equity, attributable to parent2,731,3962,775,8922,865,7732,899,2312,941,4742,982,638
Common stock2,1542,1522,1512,1502,1502,148
Additional paid in capital5,518,2375,511,5135,506,0845,505,3075,500,1015,493,662
Accumulated other comprehensive income1,10275263213167
Accumulated deficit(2,790,097)(2,738,525)(2,643,094)(2,608,239)(2,560,793)(2,513,179)
Equity, attributable to noncontrolling interest77,64179,52283,57678,914114,919120,866
Total equity:2,809,0372,855,4142,949,3492,978,1453,056,3933,103,504
TOTAL LIABILITIES AND EQUITY:7,894,5867,917,5118,094,1398,068,8108,114,3868,209,680

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues212,374214,854228,225210,704204,091216,144
Operating lease, lease income192,653199,045212,952195,594188,590203,412
Cost of revenue(150,468)(138,894)(155,509)(147,433)(147,581)(140,141)
Gross profit:61,90675,96072,71663,27156,51076,003
Operating expenses(79,260)(78,005)(81,609)(84,666)(80,129)(88,914)
Operating loss:(17,354)(2,045)(8,893)(21,395)(23,619)(12,911)
Nonoperating expense
(Operating Lease, Initial Direct Cost Expense, over Term)
(8,447)(9,656)(8,207)(8,704)(8,148)(7,611)
Interest and debt expense(92)(39,423)(59,171)(52,630)(53,189)(51,861)
Loss from continuing operations before equity method investments, income taxes:(25,893)(51,124)(76,271)(82,729)(84,956)(72,383)
Income (loss) from equity method investments(6,960)(61,810)11,1666,3226,353(29,097)
Loss from continuing operations before income taxes:(32,853)(112,934)(65,105)(76,407)(78,603)(101,480)
Income tax expense (benefit)(371)1,882258166670(1,799)
Other undisclosed income (loss) from continuing operations18,81852,85868,30962,73960,24665,925
Income (loss) from continuing operations:(14,406)(58,194)3,462(13,502)(17,687)(37,354)
Loss before gain (loss) on sale of properties:(13,502)(17,687)(37,354)
Net income (loss):(14,406)(58,194)3,462(13,502)(17,687)(37,354)
Net income (loss) attributable to noncontrolling interest(558)(539)(1,773)(1,691)2,303172
Net income (loss) attributable to parent:(14,964)(58,733)1,689(15,193)(15,384)(37,182)
Undistributed earnings (loss) allocated to participating securities, basic(213)(225)(214)(211)(209)(223)
Net income (loss) available to common stockholders, diluted:(15,177)(58,958)1,475(15,404)(15,593)(37,405)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(14,406)(58,194)3,462(13,502)(17,687)(37,354)
Other comprehensive loss  (120)    
Other undisclosed comprehensive income (loss)350240619(3)931
Comprehensive income (loss):(14,056)(58,074)4,081(13,505)(17,678)(37,323)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(558)(539)(1,773)(1,691)2,303172
Comprehensive income (loss), net of tax, attributable to parent:(14,614)(58,613)2,308(15,196)(15,375)(37,151)

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: