Taubman Centers, Inc. (TCO) financial statements (2020 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
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 investments10348424120727641
Cash and cash equivalents10348424120727641
Prepaid expense111017151413 
Total current assets:11458595622128941
Noncurrent Assets
Property, plant and equipment 4,7184,4614,1743,7133,2634,339
Long-term investments and receivables832674606605434370328
Long-term investments832674606605434370328
Intangible assets, net (including goodwill)2346912
Intangible assets, net (excluding goodwill)2346912 
Deferred income tax assets5
Total noncurrent assets:8395,3945,0714,7854,1563,6444,666
Other undisclosed assets3,563(1,109)(916)(830)(813)(719)(1,201)
TOTAL ASSETS:4,5154,3444,2154,0113,5633,2153,506
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities4,6934,6444,3574,0733,4432,7953,722
Total liabilities:4,6934,6444,3574,0733,4432,7953,722
Temporary equity, carrying amount 889   
Stockholders' equity
Stockholders' equity attributable to parent, including:(10)(93)2272113318(120)
Preferred stock0000000
Common stock1111111
Additional paid in capital741676675657652816797
Accumulated other comprehensive loss(39)(25)(7)(36)(27)(15)(9)
Other undisclosed stockholders' equity attributable to parent(713)(744)(647)(550)(513)(483)(909)
Stockholders' equity attributable to noncontrolling interest(167)(215)(172)(143)8102(96)
Total stockholders' equity:(177)(308)(150)(71)121420(216)
TOTAL LIABILITIES AND EQUITY:4,5154,3444,2154,0113,5633,2153,506

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
Revenues661641629613557679767
Revenue, net574556519637722
Operating leases, income statement, lease revenue370
Cost of revenue(5)(4)(11)(4)(2)(3) 
Cost of goods and services sold(5)      
Provision for loan, lease, and other losses (4)
Financial services costs(11)(4)(2)(3) 
Gross profit:656637618609555676767
Operating expenses(720)(609)(608)(515)(424)(524)(628)
Operating income (loss):(64)281194131152139
Nonoperating income (expense)271524235(43)1
Loss from catastrophes  (7)    
Interest and debt expense(148)(133)(109)(86)(63)(127)(130)
Other undisclosed income from continuing operations before equity method investments, income taxes1531371209065130130
Income (loss) from continuing operations before equity method investments, income taxes:(32)4645121138112140
Income from equity method investments49696770566252
Income from continuing operations before income taxes:18116113190194174193
Income tax expense (benefit)(6)0(0)(2)(2)(2)(3)
Income before gain (loss) on sale of properties:11116113188192172189
Gain on sale of properties, net of applicable income taxes154   01,107 
Other undisclosed net income165      
Net income:3301161131881931,278189
Net loss attributable to noncontrolling interest(101)(32)(32)(56)(58)(385)(57)
Net income attributable to parent:2298381133134893133
Preferred stock dividends and other adjustments(2)(2)(2)(2)(2)(6)(2)
Other undisclosed net loss available to common stockholders, basic(23)(23)(23)(23)(23)(23)(21)
Net income available to common stockholders, basic:2045855107109864110
Dilutive securities, effect on basic earnings per share3000011 
Other undisclosed net income available to common stockholders, diluted      0
Net income available to common stockholders, diluted:2075855108109875110

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:3301161131881931,278189
Other comprehensive income (loss)(29)(25)41(12)(17)(8)19
Comprehensive income:301911541761761,270208
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(95)(25)(44)(52)(53)(383)62
Other undisclosed comprehensive loss, net of tax, attributable to parent      (125)
Comprehensive income, net of tax, attributable to parent:20666110124122887146

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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