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
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  484241207
Cash and cash equivalents  484241207
Prepaid expense  10171514
Total current assets:  585956221
Noncurrent Assets
Property, plant and equipment  4,7184,4614,1743,713
Long-term investments and receivables  674606605434
Long-term investments  674606605434
Intangible assets, net (including goodwill)  3469
Intangible assets, net (excluding goodwill)  3469
Total noncurrent assets:  5,3945,0714,7854,156
Other undisclosed assets  (1,109)(916)(830)(813)
TOTAL ASSETS:  4,3444,2154,0113,563
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities  4,6444,3574,0733,443
Total liabilities:  4,6444,3574,0733,443
Temporary equity, carrying amount  889 
Stockholders' equity
Stockholders' equity attributable to parent, including:  (93)2272113
Preferred stock  0000
Common stock  1111
Additional paid in capital  676675657652
Accumulated other comprehensive loss  (25)(7)(36)(27)
Other undisclosed stockholders' equity attributable to parent  (744)(647)(550)(513)
Stockholders' equity attributable to noncontrolling interest  (215)(172)(143)8
Total stockholders' equity:  (308)(150)(71)121
TOTAL LIABILITIES AND EQUITY:  4,3444,2154,0113,563

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues  641629613557
Revenue, net574556519
Operating leases, income statement, lease revenue370
Cost of revenue  (4)(11)(4)(2)
Provision for loan, lease, and other losses  (4)
Financial services costs(11)(4)(2)
Gross profit:  637618609555
Operating expenses  (609)(608)(515)(424)
Operating income:  281194131
Nonoperating income  1524235
Loss from catastrophes   (7)  
Interest and debt expense  (133)(109)(86)(63)
Other undisclosed income from continuing operations before equity method investments, income taxes  1371209065
Income from continuing operations before equity method investments, income taxes:  4645121138
Income from equity method investments  69677056
Income from continuing operations before income taxes:  116113190194
Income tax expense (benefit)  0(0)(2)(2)
Income before gain (loss) on sale of properties:  116113188192
Gain on sale of properties, net of applicable income taxes     0
Net income:  116113188193
Net loss attributable to noncontrolling interest  (32)(32)(56)(58)
Net income attributable to parent:  8381133134
Preferred stock dividends and other adjustments  (2)(2)(2)(2)
Other undisclosed net loss available to common stockholders, basic  (23)(23)(23)(23)
Net income available to common stockholders, basic:  5855107109
Dilutive securities, effect on basic earnings per share  0000
Net income available to common stockholders, diluted:  5855108109

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:  116113188193
Other comprehensive income (loss)  (25)41(12)(17)
Comprehensive income:  91154176176
Comprehensive loss, net of tax, attributable to noncontrolling interest  (25)(44)(52)(53)
Comprehensive income, net of tax, attributable to parent:  66110124122

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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