Macerich co (MAC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Revenues:
Leasing revenue

858,874

883,996

922,152

616,295

759,603

633,571

578,113

447,321

381,274

394,679

466,460

524,958

Percentage rents

-

-

-

20,902

25,693

24,350

23,156

21,388

16,818

16,401

16,109

19,048

Revenues

927,462

960,351

993,662

1,041,271

1,288,149

1,105,247

1,029,475

797,517

684,744

711,557

793,048

876,182

Expenses:
Leasing expenses

29,611

11,624

12,420

-

-

-

-

-

-

-

-

-

REIT general and administrative expenses

22,634

24,160

28,240

28,217

29,870

29,412

27,772

20,412

21,113

20,703

25,933

16,520

Costs related to shareholder activism

0

19,369

0

0

25,204

0

0

-

-

-

-

-

Depreciation and amortization

330,726

327,436

335,431

348,488

464,472

378,716

357,165

277,621

227,980

226,550

255,231

261,339

Total expenses before interest

721,313

751,969

758,982

782,651

991,701

850,057

808,193

635,566

549,512

561,440

609,296

635,008

Interest (income) expense:
Related parties

62,517

-6,883

-8,731

-8,973

10,515

15,134

15,016

15,386

16,743

14,254

19,413

14,970

Other

200,771

176,079

163,045

154,702

201,428

175,555

182,231

149,006

150,506

183,789

244,862

280,102

Total interest expense

138,254

182,962

171,776

163,675

211,943

190,689

197,247

164,392

167,249

198,043

264,275

295,072

Loss on extinguishment of debt, net

-351

0

0

1,709

1,487

-9,551

1,432

0

-1,485

3,661

29,161

84,143

Total expenses

859,918

934,931

930,758

944,617

1,202,157

1,050,297

1,004,008

799,958

718,246

755,822

844,410

845,937

Equity in income of unconsolidated joint ventures

48,508

71,773

85,546

56,941

45,164

60,626

167,580

79,281

294,677

79,529

68,160

93,831

Co-venture expense

0

0

-13,629

-13,382

-11,804

-9,490

-8,864

-6,523

-5,806

-6,193

-2,262

-

Income tax benefit (expense)

1,589

-3,604

15,594

722

-3,223

-4,269

-1,692

-4,159

-6,110

-9,202

-4,761

1,126

Loss on sale or write down of assets, net

-11,909

-31,825

42,446

415,348

378,248

73,440

-78,057

28,734

-22,037

497

161,937

-29,574

Gain on remeasurement of assets

-

-

-

-

22,089

1,423,136

51,205

199,956

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

159,023

303,166

239,442

38,770

181,234

93,376

Gain on disposition of assets, net

-

-

-

-

-

-

286,414

50,811

-67,333

-23

-40,171

98,288

Income from discontinued operations

-

-

-

-

-

-

3,522

12,412

-3,034

-10,327

-1,813

3,351

Total income from discontinued operations

-

-

-

-

-

-

289,936

63,223

-70,367

-10,350

-41,984

101,639

Net income

102,554

68,972

161,673

554,839

522,912

1,606,931

448,959

366,389

169,075

28,420

139,250

195,015

Less net income attributable to noncontrolling interests

5,734

8,952

15,543

37,844

35,350

107,889

28,869

28,963

12,209

3,230

18,508

28,966

Less preferred dividends

-

-

-

-

-

-

-

-

-

-

-

4,124

Net income attributable to the Company

96,820

60,020

146,130

516,995

487,562

1,499,042

420,090

337,426

156,866

25,190

120,742

161,925

Earnings per common share—attributable to common stockholders:
Net income (loss) attributable to the Company

-

-

-

-

-

-

-

-

-

-

-

166,049

Income from continuing operations (dollars per share)

-

-

-

-

-

-

1.07

2.07

1.67

0.27

1.90

1.00

Discontinued operations (dollars per share)

-

-

-

-

-

-

1.94

0.44

-0.49

-0.08

-0.45

1.17

Basic (in dollars per share)

0.68

0.42

1.02

3.52

3.08

10.46

3.01

2.51

1.18

0.19

1.45

2.17

Income from continuing operations (dollars per share)

-

-

-

-

-

-

1.06

2.07

1.67

0.27

1.90

1.00

Discontinued operations (dollars per share)

-

-

-

-

-

-

1.94

0.44

-0.49

-0.08

-0.45

1.17

Diluted (in dollars per share)

0.68

0.42

1.02

3.52

3.08

10.45

3.00

2.51

1.18

0.19

1.45

2.17

Weighted average number of common shares outstanding:
Basic (in shares)

141,340

141,142

141,877

146,599

157,916

143,144

139,598

134,067

131,628

120,346

81,226

74,319

Diluted (in shares)

141,340

141,144

141,913

146,711

158,060

143,291

139,680

134,148

131,628

120,346

81,226

86,794

Tenant recoveries
Revenue from Contract with Customer, Excluding Assessed Tax

-

-

-

305,282

415,129

361,119

337,772

247,593

215,872

228,515

240,134

261,162

Other
Revenues

27,879

32,875

28,116

59,328

61,470

52,226

50,242

39,980

30,376

29,067

29,588

30,298

Management Companies
Revenues

40,709

43,480

43,394

39,464

26,254

33,981

40,192

41,235

40,404

42,895

40,757

40,716

Operating expenses

66,795

91,910

87,701

98,323

92,340

88,424

93,461

85,610

86,587

90,414

79,305

77,072

Shopping center and operating expenses
Operating expenses

271,547

277,470

295,190

307,623

379,815

353,505

329,795

251,923

213,832

223,773

248,827

280,077