Macerich Company (The) (MAC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments112465100103919487
Cash and cash equivalents112465100103919487
Restricted cash and investments55171447525041
Total current assets:167483114149143144128
Noncurrent Assets
Operating lease, right-of-use asset111118148
Property, plant and equipment1,6331,7331,7511,7131,7551,7852,065
Long-term investments and receivables1,3181,3411,5201,4931,7101,7741,533
Long-term investments1,3181,3411,5201,4931,7101,7741,533
Intangible assets, net (including goodwill)364832466084140
Intangible assets, net (excluding goodwill)364832466084140
Deferred costs69635546524337
Total noncurrent assets:3,1663,3033,5063,2983,5773,6853,774
Other undisclosed assets5,0135,3995,2335,5805,8866,1297,357
TOTAL ASSETS:8,3469,1848,8549,0279,6069,95811,259
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13448404232
Accounts payable13448404232
Total current liabilities:13448404232
Noncurrent Liabilities
Liabilities, other than long-term debt     5964
Deferred revenue and credits 5964
Total noncurrent liabilities:     5964
Other undisclosed liabilities5,1576,7356,0185,8305,5985,4306,092
Total liabilities:5,1706,7396,0235,8385,6385,5316,187
Stockholders' equity
Stockholders' equity attributable to parent3,0472,2572,6322,9503,6824,1064,715
Common stock2111112
Additional paid in capital5,4884,6034,5844,5684,5104,5934,927
Accumulated other comprehensive loss(0)(8)(9)(4)(0)  
Accumulated deficit(2,444)(2,340)(1,944)(1,614)(830)(489)(213)
Stockholders' equity attributable to noncontrolling interest129188199238286321356
Total stockholders' equity:3,1762,4452,8313,1883,9684,4275,071
TOTAL LIABILITIES AND EQUITY:8,3469,1848,8549,0279,6069,95811,259

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8477869279609941,0411,288
Revenue, net8949421,200
Operating lease, lease income788740859
Operating leases, income statement, lease revenue593
Cost of revenue(514)(298)(483)(505)(541)(564)(683)
Cost of goods and services sold    (295)(308)(380)
Gross profit:334488445456453477606
Operating expenses(402)(475)(377)(430)(390)(380)(520)
Operating income (loss):(68)136825639786
Nonoperating expense
(Operating Lease, Initial Direct Cost Expense, over Term)
(25)(25)(30)    
Interest and debt expense(194)(76)(139)(183)(172)(150)(212)
Loss from continuing operations before equity method investments, income taxes:(287)(88)(101)(158)(109)(53)(126)
Income (loss) from equity method investments16(27)4972865745
Income (loss) from continuing operations before income taxes:(271)(115)(52)(86)(23)4(81)
Income tax expense (benefit)(7)0(2)4(16)(1)3
Other undisclosed income (loss) from continuing operations294(131)156151201552600
Net income (loss):16(245)10369162555523
Net income (loss) attributable to noncontrolling interest(2)15(6)(9)(16)(38)(35)
Net income (loss) attributable to parent:14(230)9760146517488
Undistributed earnings (loss) allocated to participating securities, basic(1)    
Net income (loss) available to common stockholders, diluted:13(230)9760146517488

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):16(245)10369162555523
Other undisclosed comprehensive income (loss)81(5)(4)(0)  
Comprehensive income (loss):24(245)9865162555523
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)15(6)(9)(16)(38)(35)
Comprehensive income (loss), net of tax, attributable to parent:22(229)9256146517488

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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