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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q3
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments46552849865210098105
Cash and cash equivalents46552849865210098105
Restricted cash and investments1713101114944
Total current assets:483542508663114107148
Noncurrent Assets
Operating lease, right-of-use asset118135138144148151 
Property, plant and equipment1,7331,7041,7121,7381,7511,7231,722
Long-term investments and receivables1,3411,5701,5691,5411,5201,4371,518
Long-term investments1,3411,5701,5691,5411,5201,4371,518
Intangible assets, net (including goodwill)48566267328385
Intangible assets, net (excluding goodwill)48566267328385
Deferred costs63575544555252
Total noncurrent assets:3,3033,5223,5353,5343,5063,4453,377
Other undisclosed assets5,3995,1205,1855,1035,2335,2245,418
TOTAL ASSETS:9,1849,1839,2289,3008,8548,7768,944
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities422741221
Accounts payable422741221
Total current liabilities:422741221
Noncurrent Liabilities
Other undisclosed liabilities6,7356,5336,5386,5686,0185,8565,953
Total liabilities:6,7396,5356,5406,5756,0235,8685,975
Stockholders' equity
Stockholders' equity attributable to parent2,2572,4642,5022,5342,6322,7072,764
Common stock1111111
Additional paid in capital4,6034,6004,5974,5914,5844,5824,579
Accumulated other comprehensive loss(8)(11)(14)(15)(9)(11)(11)
Accumulated deficit(2,340)(2,127)(2,082)(2,043)(1,944)(1,865)(1,805)
Stockholders' equity attributable to noncontrolling interest188184186190199201205
Total stockholders' equity:2,4452,6492,6892,7242,8312,9082,969
TOTAL LIABILITIES AND EQUITY:9,1849,1839,2289,3008,8548,7768,944

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q3
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues195186179227242231228
Operating lease, lease income185176169211223214 
Cost of revenue(61)(118)(94)(65)(139)(107)(125)
Provision for loan, lease, and other losses(5)(11)(28)    
Gross profit:1346885162103125103
Operating expenses(126)(89)(95)(127)(91)(88)(87)
Operating income (loss):8(21)(10)35123616
Nonoperating expense
(Operating Lease, Initial Direct Cost Expense, over Term)
(6)(6)(7)(7)(7)(7) 
Interest and debt expense(10)(37)(20)(8)(48)(15)(37)
Income (loss) from continuing operations before equity method investments, income taxes:(8)(64)(37)20(44)14(21)
Income (loss) from equity method investments(10)(13)(14)1014157
Income (loss) from continuing operations before income taxes:(18)(76)(51)30(29)29(13)
Income tax expense (benefit)(0)(1)200(1)(1)
Other undisclosed income (loss) from continuing operations(187)5523(21)592228
Net income (loss):(205)(23)(27)9305014
Net income (loss) attributable to noncontrolling interest1402(1)(3)(4)2
Net income (loss) available to common stockholders, diluted:(190)(22)(25)8274616

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q3
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(205)(23)(27)9305014
Other undisclosed comprehensive income (loss)332(6)2(0)(4)
Comprehensive income (loss):(202)(20)(25)2325010
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1402(1)(3)(4)2
Comprehensive income (loss), net of tax, attributable to parent:(188)(19)(23)1294611

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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