Taubman Centers, Inc. (TCO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
200 E LONG LAKE RD BLOOMFIELD HILLS, MI 48304-2324 |
| State of Incorp. | |
| 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)Annual | Quarterly
| 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 240,808 | 395,070 | 62,572 | 42,749 | 38,151 | ||||
| Cash and cash equivalent | 240,808 | 395,070 | 62,572 | 42,749 | 38,151 | ||||
| Total current assets: | 240,808 | 395,070 | 62,572 | 42,749 | 38,151 | ||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 172,877 | 173,698 | 174,633 | ||||||
| Long-term investments and receivables | 790,136 | 788,844 | 825,138 | 763,147 | 691,221 | ||||
| Long-term investments | 790,136 | 788,844 | 825,138 | 763,147 | 691,221 | ||||
| Total noncurrent assets: | 963,013 | 962,542 | 999,771 | 763,147 | 691,221 | ||||
| Other undisclosed assets | 3,387,613 | 3,369,398 | 3,474,509 | 3,679,202 | 3,722,022 | ||||
| TOTAL ASSETS: | 4,591,434 | 4,727,010 | 4,536,852 | 4,485,098 | 4,451,394 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 4,866,243 | 4,968,674 | 4,625,841 | 4,809,050 | 4,783,247 | ||||
| Total liabilities: | 4,866,243 | 4,968,674 | 4,625,841 | 4,809,050 | 4,783,247 | ||||
| Temporary equity, including noncontrolling interest | 6,000 | 7,800 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (81,015) | (56,676) | 56,930 | (107,279) | (116,731) | ||||
| Preferred stock | 26 | 26 | 26 | 26 | 25 | ||||
| Common stock | 616 | 614 | 612 | 612 | 612 | ||||
| Additional paid in capital | 745,326 | 742,409 | 740,314 | 739,046 | 677,755 | ||||
| Accumulated other comprehensive loss | (54,283) | (61,502) | (46,967) | (44,154) | (27,501) | ||||
| Other undisclosed equity, attributable to parent | (772,700) | (738,223) | (637,055) | (802,809) | (767,622) | ||||
| Equity, attributable to noncontrolling interest | (193,794) | (184,988) | (145,919) | (222,673) | (222,922) | ||||
| Total equity: | (274,809) | (241,664) | (88,989) | (329,952) | (339,653) | ||||
| TOTAL LIABILITIES AND EQUITY: | 4,591,434 | 4,727,010 | 4,536,852 | 4,485,098 | 4,451,394 | ||||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 118,535 | 159,459 | (484,318) | 162,506 | 161,604 | 160,208 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | 148,719 | 147,430 | |
| Gross profit: | 118,535 | 159,459 | 162,506 | 161,604 | 160,208 | |||
| Operating expenses | (159,736) | (158,694) | (159,161) | (163,812) | (153,336) | |||
| Operating income (loss): | (41,201) | 765 | 3,345 | (2,208) | 6,872 | |||
| Nonoperating income (expense) | (910) | 548 | 11,108 | 6,627 | 8,733 | |||
| Interest and debt expense | (33,353) | (34,849) | (37,695) | (38,010) | (36,885) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 33,353 | 34,849 | 37,695 | 38,010 | 36,885 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (42,111) | 1,313 | 14,453 | 4,419 | 15,605 | |||
| Income (loss) from equity method investments | (712) | 11,284 | 20,252 | 14,822 | 14,672 | |||
| Income (loss) from continuing operations before income taxes: | (42,823) | 12,597 | 34,705 | 19,241 | 30,277 | |||
| Income tax expense (benefit) | 248 | (756) | (2,021) | (2,364) | (539) | |||
| Income (loss) from continuing operations: | (42,575) | 11,841 | 32,684 | 16,877 | 29,738 | |||
| Income (loss) before gain (loss) on sale of properties: | (42,575) | 11,841 | 32,684 | 16,877 | 29,738 | |||
| Gain on sale of properties, net of applicable income taxes | ✕ | 363 | 10,914 | 138,696 | ||||
| Other undisclosed net income | 417 | 13,729 | 145,010 | |||||
| Net income (loss): | (41,795) | 36,484 | 316,390 | 16,877 | 29,738 | |||
| Net income (loss) attributable to noncontrolling interest | 13,511 | (10,233) | (94,648) | (4,240) | (8,230) | |||
| Net income (loss) attributable to parent: | (28,284) | 26,251 | 221,742 | 12,637 | 21,508 | |||
| Preferred stock dividends and other adjustments | (595) | (597) | (593) | (627) | ||||
| Other undisclosed net loss available to common stockholders, basic | (5,785) | (5,784) | (5,784) | (5,785) | (5,784) | |||
| Net income (loss) available to common stockholders, basic: | (34,069) | 19,872 | 215,361 | 6,259 | 15,097 | |||
| Dilutive securities, effect on basic earnings per share | 24 | 1,512 | 7 | 21 | ||||
| Net income (loss) available to common stockholders, diluted: | (34,069) | 19,896 | 216,873 | 6,266 | 15,118 | |||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (41,795) | 36,484 | 316,390 | 16,877 | 29,738 | |||
| Other comprehensive income (loss) | 10,449 | (36,126) | (12,212) | (23,785) | (2,993) | |||
| Comprehensive income (loss): | (31,346) | 358 | 304,178 | (6,908) | 26,745 | |||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 10,315 | (588) | (93,435) | 2,970 | (7,364) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (21,031) | (230) | 210,743 | (3,938) | 19,381 | |||
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.