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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1001039194878570
Cash and cash equivalents1001039194878570
Restricted cash and investments14475250411417
Total current assets:1141491431441289887
Noncurrent Assets
Operating lease, right-of-use asset148
Property, plant and equipment1,7511,7131,7551,7852,0652,3951,707
Long-term investments and receivables1,5201,4931,7101,7741,533984701
Long-term investments1,5201,4931,7101,7741,533984701
Intangible assets, net (including goodwill)32466084140268167
Intangible assets, net (excluding goodwill)32466084140268167
Deferred costs554652433735 
Total noncurrent assets:3,5063,2983,5773,6853,7743,6822,576
Other undisclosed assets5,2335,5805,8866,1297,3579,3416,413
TOTAL ASSETS:8,8549,0279,6069,95811,25913,1229,075
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4840423241 
Accounts payable4840423241 
Total current liabilities:4840423241 
Noncurrent Liabilities
Liabilities, other than long-term debt   596475 
Deferred revenue and credits 596475 
Total noncurrent liabilities:   596475 
Other undisclosed liabilities6,0185,8305,5985,4306,0926,9655,357
Total liabilities:6,0235,8385,6385,5316,1877,0825,357
Temporary equity, carrying amount      11
Stockholders' equity
Stockholders' equity attributable to parent2,6322,9503,6824,1064,7155,6403,359
Common stock1111221
Additional paid in capital4,5844,5684,5104,5934,9275,0423,906
Accumulated other comprehensive loss(9)(4)(0)    
Retained earnings (accumulated deficit)(1,944)(1,614)(830)(489)(213)597(549)
Stockholders' equity attributable to noncontrolling interest199238286321356400360
Total stockholders' equity:2,8313,1883,9684,4275,0716,0403,719
Other undisclosed liabilities and equity      (11)
TOTAL LIABILITIES AND EQUITY:8,8549,0279,6069,95811,25913,1229,075

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9279609941,0411,2881,1051,029
Revenue, net8949421,2001,019939
Operating lease, lease income859
Operating leases, income statement, lease revenue593
Cost of revenue(483)(505)(541)(564)(683)(598)(538)
Cost of goods and services sold  (295)(308)(380)(354)(330)
Gross profit:445456453477606507491
Operating expenses(377)(430)(390)(380)(520)(452)(466)
Operating income:68256397865525
Nonoperating expense
(Operating Lease, Initial Direct Cost Expense, over Term)
(30)      
Interest and debt expense(139)(183)(172)(150)(212)(191)(196)
Loss from continuing operations before equity method investments, income taxes:(101)(158)(109)(53)(126)(136)(170)
Income from equity method investments497286574561168
Income (loss) from continuing operations before income taxes:(52)(86)(23)4(81)(76)(3)
Income tax expense (benefit)(2)4(16)(1)342
Other undisclosed income from continuing operations1561512015526001,678160
Income from continuing operations:103691625555231,607159
Income from discontinued operations      290
Net income:103691625555231,607449
Net loss attributable to noncontrolling interest(6)(9)(16)(38)(35)(108)(29)
Net income available to common stockholders, diluted:97601465174881,499420

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:103691625555231,607449
Other undisclosed comprehensive loss(5)(4)(0)    
Comprehensive income:98651625555231,607449
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)(9)(16)(38)(35)(108)29
Other undisclosed comprehensive loss, net of tax, attributable to parent      (58)
Comprehensive income, net of tax, attributable to parent:92561465174881,499420

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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