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)

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 investments103634338483835
Cash and cash equivalents103634338483835
Prepaid expense11   10  
Total current assets:114634338583835
Noncurrent Assets
Operating lease, right-of-use asset 175  
Property, plant and equipment    4,718  
Long-term investments and receivables832825763691674673677
Long-term investments832825763691674673677
Intangible assets, net (including goodwill)2   3  
Intangible assets, net (excluding goodwill)2   3  
Deferred income tax assets5   
Total noncurrent assets:8391,0007636915,394673677
Other undisclosed assets3,5633,4753,6793,722(1,109)3,6243,650
TOTAL ASSETS:4,5154,5374,4854,4514,3444,3364,362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities4,6934,6264,8094,7834,6444,5744,564
Total liabilities:4,6934,6264,8094,7834,6444,5744,564
Temporary equity, carrying amount  68888
Stockholders' equity
Stockholders' equity attributable to parent, including:(10)57(107)(117)(93)(48)(21)
Preferred stock0000000
Common stock1111111
Additional paid in capital741740739678676679676
Accumulated other comprehensive loss(39)(47)(44)(28)(25)(16)(6)
Other undisclosed stockholders' equity attributable to parent(713)(637)(803)(768)(744)(712)(692)
Stockholders' equity attributable to noncontrolling interest(167)(146)(223)(223)(215)(198)(188)
Total stockholders' equity:(177)(89)(330)(340)(308)(246)(209)
TOTAL LIABILITIES AND EQUITY:4,5154,5374,4854,4514,3444,3364,362

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
Revenues177163162160167159153
Revenue, net143140
Operating leases, income statement, lease revenue149147   
Cost of revenue    1  
Gross profit:177163162160168159153
Operating expenses(244)(159)(164)(153)(174)(148)(149)
Operating income (loss):(67)3(2)7(5)124
Nonoperating income111791912
Interest and debt expense(36)(38)(38)(37)(36)(33)(33)
Other undisclosed income from continuing operations before equity method investments, income taxes36383837353333
Income (loss) from continuing operations before equity method investments, income taxes:(66)14416(5)2016
Income (loss) from equity method investments(1)201515191714
Income (loss) from continuing operations before income taxes:(67)351930133730
Income tax expense (benefit)(1)(2)(2)(1)(1)1(0)
Income (loss) before gain (loss) on sale of properties:(68)331730133830
Gain on sale of properties, net of applicable income taxes16139     
Other undisclosed net income20145     
Net income (loss):(33)3161730133830
Net income (loss) attributable to noncontrolling interest6(95)(4)(8)(3)(11)(8)
Net income (loss) attributable to parent:(26)222132292722
Preferred stock dividends and other adjustments(1)(1)(1)(1)(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic(6)(6)(6)(6)(6)(6)(6)
Net income (loss) available to common stockholders, basic:(33)21561532115
Dilutive securities, effect on basic earnings per share0200000
Net income (loss) available to common stockholders, diluted:(32)21761532115

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 (loss):(33)3161730133830
Other comprehensive income (loss)10(12)(24)(3)(14)(14)(8)
Comprehensive income (loss):(23)304(7)27(1)2422
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3(93)3(7)0(7)(6)
Comprehensive income (loss), net of tax, attributable to parent:(20)211(4)19(0)1716

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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