The Macerich (MAC) Financial Statements
Price: $17.4
Market Cap: $4.39B
Avg Volume: 2.09M
Market Cap: $4.39B
Avg Volume: 2.09M
Country: US
Industry: REIT - Retail
Sector: Real Estate
Industry: REIT - Retail
Sector: Real Estate
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of The Macerich.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $918.20M | $881.37M | $859.16M | $847.44M | $786.03M | $927.46M | $960.35M | $993.66M | $1.04B | $1.29B |
| Cost of Revenue | $430.27M | $394.89M | $390.35M | $380.88M | $347.98M | $367.95M | $381.00M | $395.31M | $405.95M | $472.15M |
| Gross Profit | $487.94M | $486.48M | $468.81M | $466.55M | $438.05M | $559.51M | $579.35M | $598.35M | $635.33M | $815.99M |
| Gross Profit Ratio | 53.14% | 55.20% | 54.57% | 55.10% | 55.73% | 60.33% | 60.33% | 60.22% | 61.01% | 63.35% |
| Research and Development Expenses | $- | $- | $-0 | $-0 | $0 | $0 | $0 | $0 | $0 | $- |
| General and Administrative Expenses | $28.14M | $29.24M | $27.16M | $30.06M | $30.34M | $22.63M | $24.16M | $28.24M | $28.22M | $29.87M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $28.14M | $29.24M | $27.16M | $30.06M | $30.34M | $22.63M | $24.16M | $28.24M | $28.22M | $29.87M |
| Other Expenses | $459.79M | $- | $291.61M | $311.13M | $319.62M | $330.73M | $346.81M | $-13.63M | $-13.38M | $10.29M |
| Operating Expenses | $487.94M | $489.18M | $318.78M | $341.19M | $349.96M | $353.36M | $370.96M | $363.67M | $376.70M | $494.34M |
| Cost and Expenses | $918.20M | $884.07M | $709.13M | $722.07M | $697.94M | $721.31M | $751.97M | $758.98M | $782.65M | $966.50M |
| Interest Income | $- | $- | $216.85M | $192.68M | $75.55M | $138.25M | $- | $- | $- | $- |
| Interest Expense | $219.99M | $172.92M | $216.85M | $192.68M | $75.55M | $138.25M | $182.96M | $171.78M | $163.68M | $211.94M |
| Depreciation and Amortization | $305.88M | $282.36M | $732.71M | $731.07M | $558.41M | $644.67M | $736.74M | $758.98M | $782.65M | $464.47M |
| EBITDA | $326.90M | $190.72M | $436.39M | $452.19M | $155.70M | $585.38M | $583.01M | $570.11M | $864.76M | $987.38M |
| EBITDA Ratio | 35.60% | 21.64% | 50.79% | 53.36% | 27.65% | 63.12% | 63.27% | 64.61% | 62.49% | 65.33% |
| Operating Income | $4.84M | $- | $144.78M | $141.06M | $-102.25M | $254.66M | $208.38M | $234.68M | $258.62M | $321.65M |
| Operating Income Ratio | 0.53% | 0.00% | 16.85% | 16.65% | -13.01% | 27.46% | 21.70% | 23.62% | 24.84% | 24.97% |
| Total Other Income Expenses Net | $-203.81M | $-278.59M | $-216.81M | $-102.26M | $-334.00M | $-102.01M | $-143.01M | $-57.41M | $296.94M | $198.04M |
| Income Before Tax | $-198.97M | $-273.57M | $-64.37M | $23.11M | $-245.91M | $104.14M | $65.37M | $177.27M | $555.56M | $519.69M |
| Income Before Tax Ratio | -21.67% | -31.04% | -7.49% | 2.73% | -31.29% | 11.23% | 6.81% | 17.84% | 53.35% | 40.34% |
| Income Tax Expense | $-1.30M | $-494.00K | $705.00K | $6.95M | $-447.00K | $1.59M | $-3.60M | $15.59M | $722.00K | $-3.22M |
| Net Income | $-194.12M | $-274.06M | $-65.08M | $14.26M | $-245.46M | $96.82M | $60.02M | $146.13M | $517.00M | $487.56M |
| Net Income Ratio | -21.14% | -31.10% | -7.57% | 1.68% | -31.23% | 10.44% | 6.25% | 14.71% | 49.65% | 37.85% |
| EPS | $-0.87 | $-1.28 | $-0.30 | $0.07 | $-1.68 | $0.76 | $0.43 | $1.04 | $3.59 | $3.16 |
| EPS Diluted | $-0.87 | $-1.28 | $-0.30 | $0.07 | $-1.68 | $0.76 | $0.43 | $1.04 | $3.59 | $3.16 |
| Weighted Average Shares Outstanding | 221.84M | 215.55M | 215.03M | 198.07M | 146.23M | 141.34M | 141.14M | 140.99M | 143.99M | 154.40M |
| Weighted Average Shares Outstanding Diluted | 221.84M | 215.55M | 215.03M | 198.07M | 146.23M | 141.34M | 141.22M | 140.99M | 143.99M | 154.40M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $89.86M | $94.94M | $100.32M | $112.45M | $465.30M | $100.00M | $102.71M | $91.04M | $94.05M | $86.51M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $89.86M | $94.94M | $100.32M | $112.45M | $465.30M | $100.00M | $102.71M | $91.04M | $94.05M | $86.51M |
| Net Receivables | $155.35M | $188.23M | $186.89M | $211.36M | $240.81M | $150.19M | $208.67M | $194.81M | $205.22M | $213.93M |
| Inventory | $- | $- | $- | $54.52M | $17.36M | $278.62M | $46.59M | $52.07M | $49.95M | $41.39M |
| Other Current Assets | $87.62M | $95.36M | $80.82M | $- | $17.36M | $14.21M | $- | $- | $49.95M | $41.39M |
| Total Current Assets | $334.67M | $378.53M | $368.03M | $633.24M | $1.03B | $264.41M | $748.38M | $787.11M | $827.28M | $929.11M |
| Property Plant Equipment Net | $111.04M | $118.66M | $6.25B | $6.39B | $6.81B | $148.09M | $6.79B | $7.11B | $7.36B | $8.80B |
| Goodwill | $- | $- | $23.11M | $23.41M | $30.77M | $30.76M | $32.20M | $29.01M | $38.30M | $- |
| Intangible Assets | $211.48M | $65.38M | $152.56M | $151.82M | $175.51M | $158.60M | $259.36M | $298.43M | $354.67M | $469.82M |
| Goodwill and Intangible Assets | $211.48M | $65.38M | $152.56M | $151.82M | $175.51M | $158.60M | $259.36M | $298.43M | $354.67M | $469.82M |
| Long Term Investments | $654.67M | $852.76M | $1.22B | $1.32B | $1.34B | $1.52B | $1.49B | $1.71B | $1.77B | $1.53B |
| Tax Assets | $25.32M | $24.02M | $23.11M | $23.41M | $30.77M | $30.76M | $32.20M | $29.01M | $38.30M | $38.85M |
| Other Non-Current Assets | $7.23B | $6.07B | $71.75M | $-175.23M | $-206.28M | $6.73B | $-291.56M | $-327.44M | $-392.97M | $-508.66M |
| Total Non-Current Assets | $8.23B | $7.13B | $7.73B | $7.71B | $8.15B | $8.59B | $8.28B | $8.82B | $9.13B | $10.33B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $8.57B | $7.51B | $8.09B | $8.35B | $9.18B | $8.85B | $9.03B | $9.61B | $9.96B | $11.26B |
| Account Payables | $87.54M | $64.19M | $63.11M | $59.23M | $68.83M | $51.03M | $59.39M | $58.41M | $61.32M | $74.40M |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-603.80M | $-813.29M | $-2.10B | $-327.24M | $-5.36B | $-50.63M | $-219.34M | $- |
| Other Current Liabilities | $572.54M | $509.53M | $439.84M | $382.21M | $406.98M | $373.50M | $361.59M | $344.10M | $521.43M | $640.25M |
| Total Current Liabilities | $660.08M | $573.72M | $502.94M | $441.44M | $475.80M | $424.52M | $477.43M | $467.60M | $506.11M | $839.84M |
| Long Term Debt | $5.06B | $4.29B | $4.50B | $4.61B | $6.13B | $114.20M | $5.36B | $5.17B | $4.75B | $5.26B |
| Deferred Revenue Non-Current | $- | $- | $5.14B | $5.17B | $6.74B | $6.02B | $5.84B | $5.64B | $5.53B | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $102.62M | $134.22M | $240.78M | $263.36M | $51.98M | $65.08M | $86.31M | $- |
| Other Non-Current Liabilities | $- | $122.31M | $-664.07M | $-760.70M | $-1.27B | $4.52B | $56.45M | $- | $278.32M | $63.76M |
| Total Non-Current Liabilities | $5.06B | $4.41B | $4.64B | $4.73B | $6.26B | $5.60B | $5.36B | $5.17B | $5.02B | $5.35B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $5.72B | $4.99B | $5.14B | $5.17B | $6.74B | $6.02B | $5.84B | $5.64B | $5.53B | $6.19B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $466.00K | $42.00K | $- | $- |
| Common Stock | $2.53M | $2.16M | $2.15M | $2.15M | $1.50M | $1.41M | $1.41M | $1.41M | $1.44M | $1.54M |
| Retained Earnings | $-3.41B | $-3.06B | $-2.64B | $-2.44B | $-2.34B | $-1.94B | $-1.61B | $-830.28M | $-488.78M | $-212.76M |
| Accumulated Other Comprehensive Income Loss | $-34.00K | $-952.00K | $632.00K | $-24.00K | $-8.21M | $-9.05M | $-4.47M | $-42.00K | $-0 | $4.93B |
| Other Total Stockholders Equity | $6.16B | $5.51B | $5.51B | $5.49B | $4.60B | $4.58B | $4.57B | $4.51B | $4.59B | $4.93B |
| Total Stockholders Equity | $2.76B | $2.45B | $2.87B | $3.05B | $2.26B | $2.63B | $2.95B | $3.68B | $4.11B | $4.72B |
| Total Equity | $2.84B | $2.53B | $2.95B | $3.18B | $2.45B | $2.83B | $3.19B | $3.97B | $4.43B | $5.07B |
| Total Liabilities and Stockholders Equity | $8.57B | $7.51B | $8.09B | $8.35B | $9.18B | $8.85B | $9.03B | $9.61B | $9.96B | $11.26B |
| Minority Interest | $85.94M | $80.58M | $83.58M | $129.28M | $188.21M | $198.71M | $238.20M | $286.42M | $321.28M | $355.82M |
| Total Liabilities and Total Equity | $8.57B | $7.51B | $8.09B | $8.35B | $9.18B | $8.85B | $9.03B | $9.61B | $9.96B | $11.26B |
| Total Investments | $654.67M | $852.76M | $1.22B | $1.32B | $1.34B | $1.52B | $1.49B | $1.71B | $1.77B | $1.53B |
| Total Debt | $5.06B | $4.31B | $4.50B | $4.61B | $6.13B | $114.20M | $4.98B | $5.17B | $4.97B | $5.28B |
| Net Debt | $4.97B | $4.21B | $4.40B | $4.50B | $5.66B | $14.20M | $4.88B | $5.08B | $4.87B | $5.20B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-194.12M | $-274.94M | $-65.08M | $16.16M | $-245.46M | $102.55M | $68.97M | $161.67M | $554.84M | $522.91M |
| Depreciation and Amortization | $305.88M | $296.39M | $302.48M | $324.40M | $326.06M | $337.67M | $332.74M | $340.31M | $342.54M | $454.81M |
| Deferred Income Tax | $-1.30M | $-494.00K | $705.00K | $6.95M | $-447.00K | $1.59M | $-3.60M | $15.59M | $722.00K | $-3.22M |
| Stock Based Compensation | $12.13M | $13.17M | $17.64M | $14.27M | $13.84M | $12.03M | $27.37M | $30.80M | $33.29M | $28.37M |
| Change in Working Capital | $18.05M | $18.30M | $60.37M | $44.43M | $-107.85M | $20.52M | $-19.93M | $-40.53M | $-42.79M | $5.46M |
| Accounts Receivables | $6.36M | $354.00K | $6.61M | $62.42M | $-105.95M | $-9.93M | $-13.91M | $-6.51M | $-7.58M | $1.91M |
| Inventory | $- | $- | $- | $- | $- | $40.24M | $-12.29M | $-23.78M | $-6.24M | $-6.33M |
| Accounts Payables | $21.31M | $1.87M | $-382.00K | $-6.75M | $15.48M | $-237.00K | $-2.16M | $-5.82M | $-8.93M | $-4.01M |
| Other Working Capital | $-9.61M | $16.07M | $54.14M | $-11.25M | $-17.38M | $-9.55M | $8.44M | $-4.41M | $-20.03M | $13.89M |
| Other Non Cash Items | $142.81M | $243.07M | $21.40M | $-119.84M | $138.70M | $-119.21M | $-61.23M | $-121.46M | $-471.10M | $-467.95M |
| Net Cash Provided by Operating Activities | $283.44M | $295.50M | $337.51M | $286.37M | $124.84M | $355.16M | $344.31M | $386.39M | $417.51M | $540.38M |
| Investments in Property Plant and Equipment | $- | $- | $-97.90M | $-110.93M | $-71.52M | $-199.81M | $-237.23M | $-202.15M | $-259.48M | $-364.42M |
| Acquisitions Net | $-12.97M | $-81.16M | $-81.72M | $-86.85M | $-126.66M | $-252.90M | $-181.24M | $-117.54M | $-430.43M | $-426.19M |
| Purchases of Investments | $- | $- | $-106.26M | $-86.85M | $-232.47M | $-252.90M | $-187.78M | $-119.65M | $-441.38M | $-494.46M |
| Sales Maturities of Investments | $- | $- | $21.00M | $1.30M | $303.98M | $68.82M | $1.04M | $7.07M | $3.68M | $1.83M |
| Other Investing Activities | $32.76M | $133.70M | $263.48M | $518.29M | $-76.19M | $524.77M | $594.79M | $496.56M | $1.13B | $689.58M |
| Net Cash Used for Investing Activities | $19.79M | $52.54M | $-1.40M | $234.97M | $-202.85M | $-112.03M | $176.32M | $176.87M | $443.11M | $-101.02M |
| Debt Repayment | $-804.85M | $-151.84M | $-137.44M | $-1.50B | $628.61M | $199.49M | $-54.81M | $201.77M | $763.25M | $784.65M |
| Common Stock Issued | $658.87M | $1.22M | $1.74M | $831.59M | $1.53M | $1.52M | $1.57M | $1.87M | $1.70M | $1.51M |
| Common Stock Repurchased | $- | $- | $-183.00K | $- | $- | $- | $- | $-221.43M | $-800.02M | $-400.14M |
| Dividends Paid | $-161.29M | $-146.63M | $-133.33M | $-143.45M | $-179.86M | $-474.53M | $-453.63M | $-443.84M | $-797.47M | $-810.61M |
| Other Financing Activities | $-8.79M | $-41.63M | $-52.72M | $-22.92M | $-3.82M | $-4.70M | $-7.56M | $-104.64M | $-53.12M | $-13.16M |
| Net Cash Used Provided by Financing Activities | $-316.05M | $-338.89M | $-321.94M | $-837.02M | $446.45M | $-278.22M | $-514.44M | $-566.27M | $-853.08M | $-437.75M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-12.81M | $9.15M | $14.17M | $-315.69M | $368.44M | $-35.09M | $6.20M | $-3.01M | $7.54M | $1.60M |
| Cash at End of Period | $177.48M | $190.29M | $181.14M | $166.97M | $482.66M | $114.22M | $149.30M | $91.04M | $94.05M | $86.51M |
| Cash at Beginning of Period | $190.29M | $181.14M | $166.97M | $482.66M | $114.22M | $149.30M | $143.10M | $94.05M | $86.51M | $84.91M |
| Operating Cash Flow | $283.44M | $295.50M | $337.51M | $286.37M | $124.84M | $355.16M | $344.31M | $386.39M | $417.51M | $540.38M |
| Capital Expenditure | $- | $- | $-97.90M | $-110.93M | $-71.52M | $-199.81M | $-237.23M | $-202.15M | $-259.48M | $-364.42M |
| Free Cash Flow | $283.44M | $295.50M | $239.61M | $175.44M | $53.32M | $155.35M | $107.08M | $184.24M | $158.03M | $175.96M |