← MACERICH CO
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | — | — | — | — | — | $14.3m |
($66.1m)
-563.21%
|
($274.1m)
-314.82%
|
($194.1m)
+29.17%
|
($197.1m)
-1.56%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $517.0m |
$146.1m
-71.73%
|
$60.0m
-58.93%
|
$96.8m
+61.31%
|
($230.2m)
-337.76%
|
$13.4m
+105.83%
|
($66.9m)
-599.06%
|
($274.9m)
-310.82%
|
($195.0m)
+29.06%
|
($197.9m)
-1.49%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $554.8m | $161.7m | $69.0m | $102.6m | ($245.5m) | $16.2m | ($65.1m) | ($278.1m) | ($197.7m) | ($201.1m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $37.8m | $15.5m | $9.0m | $5.7m | ($15.3m) | $1.9m | $989k | ($4.0m) | ($3.5m) | ($3.9m) | — | |
| Depreciation, Depletion and Amortization | $355.4m | $341.3m | $334.7m | $337.7m | $326.1m | $324.4m | $302.5m | $296.4m | $305.9m | $368.1m | $356.9m | |
| Depreciation, Nonproduction | $277.3m | $277.9m | $275.2m | $287.8m | $287.9m | $282.2m | $271.5m | $265.1m | $269.0m | $293.3m | $356.9m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $302.5m | $296.4m | $305.9m | $368.1m | $356.9m | |
| Deferred Income Tax Expense (Benefit) | $546k | $15.8m | ($3.2m) | $1.4m | ($8k) | $6.9m | $705k | ($494k) | ($1.3m) | ($2.2m) | ($3.3m) | |
| Deferred Tax | — | — | — | — | — | — | $705k | ($494k) | ($1.3m) | ($2.2m) | ($3.3m) | |
| Share-based Payment Arrangement, Noncash Expense | $33.3m | $30.8m | $27.4m | $12.0m | $13.8m | $14.3m | $17.6m | $13.2m | $12.1m | $18.2m | $22.3m | |
| Share-based Payment Arrangement, Expense | $40.5m | $37.0m | $33.6m | $16.7m | $18.1m | $18.0m | $22.1m | $16.1m | $14.0m | $18.4m | $22.3m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | ($415.3m) | $42.4m | ($31.8m) | ($11.9m) | ($68.1m) | $75.7m | $7.7m | ($134.5m) | $39.0m | ($123.4m) | — | |
| Income (Loss) from Equity Method Investments | $56.9m | $85.5m | $71.8m | $48.5m | ($27.0m) | $15.7m | ($5.3m) | ($156.9m) | ($197.4m) | $35.9m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $5.3m | $156.9m | $197.4m | ($35.9m) | ($22.1m) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $60.4m | $18.3m | $18.1m | $22.4m | $21.5m | |
| Increase (Decrease) in Accounts Receivable | $7.6m | $6.5m | $13.9m | $9.9m | $105.9m | ($62.4m) | ($6.6m) | ($354k) | ($3.4m) | ($3.4m) | ($555k) | |
| Change In Receivables | — | — | — | — | — | — | $3.0m | ($1.1m) | $6.4m | $2.8m | ($555k) | |
| Changes In Account Receivables | — | — | — | — | — | — | $6.6m | $354k | $3.4m | $3.4m | ($555k) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $70.6m | $13.3m | $27.9m | $19.0m | $29.8m | |
| Change In Accrued Expense | — | — | — | — | — | — | $71.0m | $11.4m | $6.6m | ($13.6m) | ($11.0m) | |
| Increase (Decrease) in Other Operating Assets | $20.0m | $4.4m | ($8.4m) | $9.6m | ($810k) | ($14.9m) | $13.2m | ($6.1m) | $16.2m | ($612k) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($13.2m) | $6.1m | ($16.2m) | $612k | $3.2m | |
| Net Cash Provided by (Used in) Operating Activities | $417.5m |
$386.4m
-7.45%
|
$344.3m
-10.89%
|
$355.2m
+3.15%
|
$124.8m
-64.85%
|
$286.4m
+129.39%
|
$337.5m
+17.86%
|
$295.5m
-12.45%
|
$283.4m
-4.08%
|
$321.6m
+13.46%
|
$306.8m
-4.59%
|
|
| Cash flows from investing activities: | ||||||||||||
| Net Other Investing Changes | — | — | — | — | — | — | $68.3m | $32.0m | $277.2m | $154.0m | $77.9m | |
| Net Cash Provided by (Used in) Investing Activities | $443.1m | $176.9m | $176.3m | ($112.0m) | ($202.8m) | $235.0m | ($1.4m) | $52.5m | $19.8m | ($325.3m) | ($403.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $13.7m | $0 | $0 | ($351k) | $0 | ($1.0m) | $0 | $8.2m | $14.4m | $0 | — | |
| Repayments of Long-term Debt | — | — | — | $1.6b | $34.0m | $2.0b | $334.1m | $863.3m | $2.0b | $257.3m | ($602.6m) | |
| Issuance Of Debt | — | — | — | — | — | — | $277.0m | $719.0m | $1.2b | $599.1m | $409.1m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $277.0m | $719.0m | $1.2b | $599.1m | $409.1m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($408.0m) | ($865.3m) | ($2.0b) | ($261.7m) | ($602.6m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($131.0m) | ($146.3m) | ($804.8m) | $337.4m | ($193.5m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($131.0m) | ($146.3m) | ($804.8m) | $337.4m | ($193.5m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($408.0m) | ($865.3m) | ($2.0b) | ($261.7m) | ($602.6m) | |
| Payments for Repurchase of Common Stock | $800.0m | $221.4m | $0 | $0 | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $779.3m | $443.8m | $453.6m | $474.5m | $179.9m | $143.4m | $186.3m | $159.3m | $161.3m | $188.2m | ($192.9m) | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | $830.2m | ($183k) | — | $657.0m | — | $55.5m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($186.3m) | ($159.3m) | ($161.3m) | ($188.2m) | ($192.9m) | |
| Common Stock Issuance | — | — | — | — | — | — | $1.7m | $1.8m | $658.9m | $55.5m | $55.5m | |
| Common Stock Payments | — | — | — | — | — | — | ($183k) | ($583k) | — | — | — | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $1.7m | $1.8m | $658.9m | $55.5m | $55.5m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $1.6m | $1.2m | $658.9m | $55.5m | $55.5m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($183k) | ($583k) | — | — | — | |
| Dividends Payable | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($186.3m) | ($159.3m) | ($161.3m) | ($188.2m) | ($192.9m) | |
| Dividends Received CFI | — | — | — | — | — | — | $131.3m | $300.9m | $94.0m | $112.6m | $103.4m | |
| Net Other Financing Charges | — | — | — | — | — | — | ($6.2m) | ($34.6m) | ($8.8m) | ($5.5m) | $513.1m | |
| Net Cash Provided by (Used in) Financing Activities | ($853.1m) |
($566.3m)
+33.62%
|
($514.4m)
+9.15%
|
($278.2m)
+45.92%
|
$446.5m
+260.47%
|
($837.0m)
-287.48%
|
($321.9m)
+61.54%
|
($338.9m)
-5.26%
|
($316.1m)
+6.74%
|
$199.2m
+163.03%
|
$182.1m
-8.61%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $6.2m | ($35.1m) | $368.4m | ($315.7m) | $14.2m | $9.2m | ($12.8m) | $195.5m | $310.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $167.0m | $181.1m | $190.3m | $177.5m | $225.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $149.3m | $114.2m | $482.7m | $167.0m | $181.1m | $190.3m | $177.5m | $373.0m | $310.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $10.6m | $8.5m | $275k | $7.8m | $4.3m | $22.9m | $6.4m | $28.9m | $8.8m | $5.5m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $153.8m | $168.5m | $192.3m | $210.0m | $199.1m | $204.2m | $180.3m | $191.5m | $186.3m | $207.9m | — | |
| Additional Financial Items | ||||||||||||
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | $28.2m | $28.2m | $24.2m | $22.6m | $30.3m | $30.1m | $27.2m | $29.2m | $28.1m | $31.5m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $554.8m | $161.7m | $69.0m | $102.6m | ($245.5m) | $16.2m | ($65.1m) | ($278.1m) | ($197.7m) | ($201.1m) | — | |
| Income Tax Expense (Benefit) | $722k | $15.6m | ($3.6m) | $1.6m | ($447k) | $6.9m | $705k | ($494k) | ($1.3m) | ($2.2m) | — | |
| Operating Lease, Lease Income | — | — | — | $858.9m | $740.3m | $787.5m | $800.5m | $809.0m | $850.5m | $950.8m | — | |
| Proceeds from Noncontrolling Interests | $90k | $30k | $16k | $3.1m | $525k | $128k | $602k | $0 | $0 | $4k | — | |
| Proceeds from (Payments to) Noncontrolling Interests | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($321.9m) | ($338.9m) | ($316.1m) | $199.2m | $182.1m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.4m) | $52.5m | $19.8m | ($325.3m) | ($403.4m) | |
| Change In Account Payable | — | — | — | — | — | — | ($382k) | $1.9m | $21.3m | $32.5m | $29.8m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $14.2m | $9.2m | ($12.8m) | $195.5m | — | |
| Change In Payable | — | — | — | — | — | — | ($382k) | $1.9m | $21.3m | $32.5m | $29.8m | |
| Changes In Cash | — | — | — | — | — | — | $14.2m | $9.2m | ($12.8m) | $195.5m | $85.5m | |
| End Cash Position | — | — | — | — | — | — | $181.1m | $190.3m | $177.5m | $373.0m | $310.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($321.9m) |
($338.9m)
-5.26%
|
($316.1m)
+6.74%
|
$199.2m
+163.03%
|
$182.1m
-8.61%
|
|
| Free Cash Flow | — | — | — | — | — | — | $337.5m | $295.5m | $283.4m | $321.6m | $306.8m | |
| Gain Loss On Investment Securities | — | — | — | — | — | $48k | $1.5m | $280k | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.4m) | $52.5m | $19.8m | ($325.3m) | ($403.4m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($81.7m) | ($81.2m) | ($13.0m) | ($157.6m) | ($91.7m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($119.3m) | ($199.2m) | ($338.5m) | ($434.4m) | ($493.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($910k) | $283.5m | $144.0m | $87.5m | $63.4m | |
| Other Non Cash Items | — | — | — | — | — | — | $23.0m | ($34.6m) | ($3.8m) | $24.1m | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | ($656k) | ($2.7m) | $6.2m | $4.6m | $5.4m | |
| Purchase Of Business | — | — | — | — | — | — | ($81.7m) | ($81.2m) | ($62.0m) | ($157.6m) | ($91.7m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($119.3m) | ($199.2m) | ($338.5m) | ($434.4m) | ($493.0m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $49.0m | $0 | $41.6m | |
| Stock Based Compensation | — | — | — | — | — | — | $17.6m | $13.2m | $12.1m | $18.2m | $22.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.