Taubman Centers, Inc. (TCO) financial statements (2021 and earlier)

Company profile

Business Address 200 E LONG LAKE RD
BLOOMFIELD HILLS, MI 48304-2324
State of Incorp.
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)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments257241395 6343
Cash and cash equivalents257241395 6343
Total current assets:257241395 6343
Noncurrent Assets
Operating lease, right-of-use asset172173174 175 
Long-term investments and receivables788790789 825763
Long-term investments788790789 825763
Total noncurrent assets:960963963 1,000763
Other undisclosed assets3,3633,3883,369 3,4753,679
TOTAL ASSETS:4,5804,5914,727 4,5374,485
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities4,8784,8664,969 4,6264,809
Total liabilities:4,8784,8664,969 4,6264,809
Temporary equity, carrying amount     6
Stockholders' equity
Stockholders' equity attributable to parent, including:(97)(81)(57) 57(107)
Preferred stock000 00
Common stock111 11
Additional paid in capital747745742 740739
Accumulated other comprehensive loss(41)(54)(62) (47)(44)
Other undisclosed stockholders' equity attributable to parent(803)(773)(738) (637)(803)
Stockholders' equity attributable to noncontrolling interest(201)(194)(185) (146)(223)
Total stockholders' equity:(298)(275)(242) (89)(330)
TOTAL LIABILITIES AND EQUITY:4,5804,5914,727 4,5374,485

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Operating leases, income statement, lease revenue149
Gross profit:131119159 163162
Operating expenses(160)(160)(159) (159)(164)
Operating income (loss):(29)(41)1 3(2)
Nonoperating income (expense)2(1)1 117
Interest and debt expense(33)(33)(35) (38)(38)
Other undisclosed income from continuing operations before equity method investments, income taxes333335 3838
Income (loss) from continuing operations before equity method investments, income taxes:(27)(42)1 144
Income (loss) from equity method investments(10)(1)11 2015
Income (loss) from continuing operations before income taxes:(37)(43)13 3519
Income tax expense (benefit)(0)0(1) (2)(2)
Income (loss) before gain (loss) on sale of properties:(37)(43)12 3317
Gain on sale of properties, net of applicable income taxes 011 139 
Other undisclosed net income 014 145 
Net income (loss):(37)(42)36 31617
Net income (loss) attributable to noncontrolling interest1214(10) (95)(4)
Net income (loss) attributable to parent:(24)(28)26 22213
Preferred stock dividends and other adjustments  (1) (1)(1)
Other undisclosed net loss available to common stockholders, basic(6)(6)(6) (6)(6)
Net income (loss) available to common stockholders, basic:(30)(34)20 2156
Dilutive securities, effect on basic earnings per share  0 20
Net income (loss) available to common stockholders, diluted:(30)(34)20 2176

Comprehensive Income ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(37)(42)36 31617
Other comprehensive income (loss)1810(36) (12)(24)
Comprehensive income (loss):(18)(31)0 304(7)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest710(1) (93)3
Comprehensive income (loss), net of tax, attributable to parent:(11)(21)(0) 211(4)

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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