Macerich Company (The) (MAC) financial statements (2020 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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments100981051111039392
Cash and cash equivalents100981051111039392
Restricted cash and investments1494443475150
Total current assets:114107148154149144143
Noncurrent Assets
Operating lease, right-of-use asset148151  
Property, plant and equipment1,7511,7231,7221,7171,7131,7081,708
Long-term investments and receivables1,5201,4371,5181,5281,4931,4651,381
Long-term investments1,5201,4371,5181,5281,4931,4651,381
Intangible assets, net (including goodwill)32838588469697
Intangible assets, net (excluding goodwill)32838588469697
Deferred costs55525250465154
Total noncurrent assets:3,5063,4453,3773,3833,2983,3203,241
Other undisclosed assets5,2335,2245,4185,4665,5805,5475,732
TOTAL ASSETS:8,8548,7768,9449,0039,0279,0119,115
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities41221138910
Accounts payable41221138910
Total current liabilities:41221138910
Noncurrent Liabilities
Other undisclosed liabilities6,0185,8565,9535,9055,8305,7145,790
Total liabilities:6,0235,8685,9755,9185,8385,7235,800
Stockholders' equity
Stockholders' equity attributable to parent2,6322,7072,7642,8552,9503,0443,071
Common stock1111111
Additional paid in capital4,5844,5824,5794,5754,5684,5634,559
Accumulated other comprehensive income (loss)(9)(11)(11)(7)(4)0(0)
Accumulated deficit(1,944)(1,865)(1,805)(1,715)(1,614)(1,520)(1,490)
Stockholders' equity attributable to noncontrolling interest199201205231238243245
Total stockholders' equity:2,8312,9082,9693,0853,1883,2883,315
TOTAL LIABILITIES AND EQUITY:8,8548,7768,9449,0039,0279,0119,115

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues242231228227247242235
Revenue, net211
Operating lease, lease income223214  
Operating leases, income statement, lease revenue155150 
Cost of revenue(139)(107)(125)(133)(57)(139)(147)
Cost of goods and services sold      (68)
Gross profit:1031251039419010487
Operating expenses(91)(88)(87)(90)(167)(87)(84)
Operating income:123616322163
Nonoperating expense
(Operating Lease, Initial Direct Cost Expense, over Term)
(7)(7)     
Interest and debt expense(48)(15)(37)(39)(46)(45)(39)
Income (loss) from continuing operations before equity method investments, income taxes:(44)14(21)(35)(24)(29)(36)
Income from equity method investments1415712201916
Income (loss) from continuing operations before income taxes:(29)29(13)(23)(4)(10)(20)
Income tax expense (benefit)0(1)(1)(0)2(0)(1)
Other undisclosed income from continuing operations59222832159129
Net income:305014913819
Net income (loss) attributable to noncontrolling interest(3)(4)2(1)(1)(7)(1)
Net income available to common stockholders, diluted:274616812748

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:305014913819
Other undisclosed comprehensive income (loss)2(0)(4)(2)(5)0(0)
Comprehensive income:32501079819
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(4)2(1)(1)(7)(1)
Comprehensive income, net of tax, attributable to parent:29461167748

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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