Macerich Co
NYSE:MAC
Income Statement
Earnings Waterfall
Macerich Co
Revenue
|
884.1m
USD
|
Cost of Revenue
|
-394.9m
USD
|
Gross Profit
|
489.2m
USD
|
Operating Expenses
|
-311.6m
USD
|
Operating Income
|
177.6m
USD
|
Other Expenses
|
-452.5m
USD
|
Net Income
|
-274.9m
USD
|
Income Statement
Macerich Co
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 004
N/A
|
1 025
+2%
|
1 034
+1%
|
1 039
+1%
|
1 105
+6%
|
1 159
+5%
|
1 228
+6%
|
1 290
+5%
|
1 288
0%
|
1 226
-5%
|
1 163
-5%
|
1 090
-6%
|
1 041
-4%
|
1 032
-1%
|
1 020
-1%
|
1 009
-1%
|
994
-2%
|
983
-1%
|
970
-1%
|
970
0%
|
960
-1%
|
950
-1%
|
944
-1%
|
933
-1%
|
928
-1%
|
928
+0%
|
879
-5%
|
833
-5%
|
786
-6%
|
749
-5%
|
786
+5%
|
813
+3%
|
847
+4%
|
873
+3%
|
862
-1%
|
860
0%
|
859
0%
|
858
0%
|
866
+1%
|
874
+1%
|
884
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(415)
|
(426)
|
(428)
|
(428)
|
(442)
|
(471)
|
(493)
|
(503)
|
(497)
|
(463)
|
(436)
|
(419)
|
(406)
|
(403)
|
(402)
|
(400)
|
(395)
|
(404)
|
(415)
|
(411)
|
(400)
|
(384)
|
(363)
|
(361)
|
(368)
|
(366)
|
(359)
|
(350)
|
(348)
|
(350)
|
(359)
|
(367)
|
(381)
|
(382)
|
(389)
|
(397)
|
(390)
|
(392)
|
(392)
|
(394)
|
(395)
|
|
Gross Profit |
589
N/A
|
599
+2%
|
606
+1%
|
611
+1%
|
663
+9%
|
689
+4%
|
734
+7%
|
788
+7%
|
791
+0%
|
763
-4%
|
727
-5%
|
671
-8%
|
635
-5%
|
629
-1%
|
618
-2%
|
609
-1%
|
598
-2%
|
580
-3%
|
556
-4%
|
559
+1%
|
560
+0%
|
567
+1%
|
581
+3%
|
571
-2%
|
560
-2%
|
562
+0%
|
520
-7%
|
483
-7%
|
438
-9%
|
400
-9%
|
428
+7%
|
446
+4%
|
467
+5%
|
491
+5%
|
473
-4%
|
464
-2%
|
469
+1%
|
466
-1%
|
474
+2%
|
480
+1%
|
489
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(376)
|
(379)
|
(377)
|
(377)
|
(408)
|
(442)
|
(476)
|
(505)
|
(494)
|
(461)
|
(427)
|
(397)
|
(377)
|
(373)
|
(371)
|
(365)
|
(364)
|
(360)
|
(353)
|
(352)
|
(352)
|
(352)
|
(355)
|
(356)
|
(353)
|
(354)
|
(356)
|
(354)
|
(350)
|
(392)
|
(384)
|
(340)
|
(341)
|
(363)
|
(357)
|
(326)
|
(319)
|
(318)
|
(318)
|
(315)
|
(312)
|
|
Selling, General & Administrative |
(28)
|
(29)
|
(27)
|
(26)
|
(29)
|
(31)
|
(33)
|
(35)
|
(30)
|
(30)
|
(30)
|
(30)
|
(28)
|
(28)
|
(28)
|
(26)
|
(28)
|
(28)
|
(25)
|
(25)
|
(24)
|
(23)
|
(23)
|
(23)
|
(23)
|
(23)
|
(26)
|
(28)
|
(30)
|
(32)
|
(30)
|
(30)
|
(30)
|
(29)
|
(29)
|
(28)
|
(27)
|
(27)
|
(30)
|
(29)
|
(29)
|
|
Depreciation & Amortization |
(349)
|
(350)
|
(349)
|
(351)
|
(379)
|
(411)
|
(442)
|
(470)
|
(465)
|
(431)
|
(397)
|
(366)
|
(349)
|
(345)
|
(343)
|
(339)
|
(335)
|
(332)
|
(328)
|
(327)
|
(327)
|
(329)
|
(333)
|
(334)
|
(331)
|
(332)
|
(329)
|
(325)
|
(320)
|
(316)
|
(313)
|
(310)
|
(311)
|
(306)
|
(301)
|
(298)
|
(292)
|
(290)
|
(288)
|
(286)
|
(282)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(45)
|
(41)
|
0
|
0
|
(28)
|
(28)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
213
N/A
|
220
+3%
|
229
+4%
|
234
+2%
|
255
+9%
|
247
-3%
|
259
+5%
|
283
+9%
|
296
+5%
|
302
+2%
|
301
-1%
|
275
-9%
|
259
-6%
|
257
-1%
|
247
-4%
|
244
-1%
|
235
-4%
|
220
-6%
|
202
-8%
|
207
+2%
|
208
+1%
|
214
+3%
|
226
+5%
|
215
-5%
|
206
-4%
|
208
+1%
|
164
-21%
|
129
-21%
|
88
-32%
|
7
-92%
|
43
+492%
|
105
+144%
|
125
+19%
|
128
+2%
|
116
-10%
|
138
+19%
|
150
+9%
|
149
-1%
|
156
+5%
|
165
+6%
|
178
+8%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(21)
|
(22)
|
(95)
|
(112)
|
(130)
|
(143)
|
(156)
|
(170)
|
(167)
|
(150)
|
(131)
|
(115)
|
(107)
|
(104)
|
(103)
|
(94)
|
(86)
|
(97)
|
(94)
|
(101)
|
(111)
|
(102)
|
(108)
|
(82)
|
(90)
|
(62)
|
(66)
|
(116)
|
(103)
|
(156)
|
(157)
|
(149)
|
(177)
|
(206)
|
(218)
|
(222)
|
(222)
|
(242)
|
(257)
|
(372)
|
(330)
|
|
Non-Reccuring Items |
1
|
1
|
(1)
|
(1)
|
(10)
|
(7)
|
(9)
|
(9)
|
2
|
(4)
|
(3)
|
3
|
2
|
5
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(16)
|
(17)
|
(17)
|
(46)
|
(41)
|
(42)
|
(82)
|
0
|
0
|
(41)
|
(28)
|
0
|
0
|
(27)
|
(5)
|
(6)
|
(6)
|
(159)
|
(145)
|
|
Gain/Loss on Disposition of Assets |
(20)
|
(27)
|
(36)
|
(34)
|
1 497
|
1 521
|
1 526
|
1 513
|
400
|
812
|
827
|
811
|
415
|
31
|
19
|
27
|
42
|
(45)
|
(54)
|
5
|
(32)
|
6
|
0
|
(31)
|
4
|
4
|
4
|
17
|
(150)
|
(171)
|
(175)
|
(70)
|
103
|
131
|
134
|
17
|
13
|
11
|
22
|
24
|
19
|
|
Total Other Income |
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(11)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(15)
|
(15)
|
(14)
|
(10)
|
(6)
|
(3)
|
0
|
0
|
16
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
164
N/A
|
164
0%
|
89
-46%
|
78
-12%
|
1 603
+1 949%
|
1 609
+0%
|
1 609
+0%
|
1 607
0%
|
520
-68%
|
947
+82%
|
981
+4%
|
960
-2%
|
556
-42%
|
174
-69%
|
154
-12%
|
162
+5%
|
177
+10%
|
69
-61%
|
49
-29%
|
108
+122%
|
65
-40%
|
112
+71%
|
117
+4%
|
86
-27%
|
104
+21%
|
103
-1%
|
61
-41%
|
(12)
N/A
|
(246)
-2 002%
|
(320)
-30%
|
(289)
+10%
|
(154)
+47%
|
23
N/A
|
53
+129%
|
32
-40%
|
(95)
N/A
|
(64)
+32%
|
(89)
-38%
|
(85)
+5%
|
(341)
-303%
|
(279)
+18%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
2
|
2
|
3
|
3
|
4
|
5
|
2
|
3
|
3
|
1
|
0
|
(2)
|
(1)
|
4
|
4
|
2
|
(1)
|
(2)
|
(2)
|
0
|
4
|
0
|
0
|
0
|
(2)
|
(1)
|
1
|
1
|
0
|
(2)
|
(11)
|
(10)
|
(7)
|
(7)
|
1
|
2
|
(1)
|
3
|
2
|
0
|
0
|
|
Income from Continuing Operations |
166
|
166
|
92
|
81
|
1 607
|
1 614
|
1 612
|
1 609
|
523
|
948
|
981
|
958
|
555
|
178
|
158
|
164
|
176
|
67
|
47
|
109
|
69
|
112
|
117
|
86
|
103
|
102
|
62
|
(11)
|
(246)
|
(322)
|
(299)
|
(164)
|
16
|
47
|
33
|
(94)
|
(65)
|
(86)
|
(83)
|
(341)
|
(278)
|
|
Income to Minority Interest |
(29)
|
(26)
|
(12)
|
(12)
|
(108)
|
(108)
|
(108)
|
(108)
|
(35)
|
(64)
|
(67)
|
(63)
|
(38)
|
(13)
|
(11)
|
(13)
|
(16)
|
(9)
|
(8)
|
(13)
|
(9)
|
(11)
|
(8)
|
(4)
|
(6)
|
(6)
|
(6)
|
(2)
|
15
|
21
|
11
|
5
|
(2)
|
(6)
|
4
|
9
|
(1)
|
(2)
|
(5)
|
7
|
4
|
|
Net Income (Common) |
420
N/A
|
419
0%
|
216
-48%
|
214
-1%
|
1 498
+599%
|
1 504
+0%
|
1 503
0%
|
1 500
0%
|
486
-68%
|
882
+81%
|
913
+4%
|
893
-2%
|
516
-42%
|
165
-68%
|
146
-11%
|
150
+3%
|
145
-3%
|
43
-71%
|
24
-45%
|
80
+239%
|
59
-26%
|
100
+70%
|
108
+8%
|
81
-26%
|
96
+19%
|
95
0%
|
55
-43%
|
(14)
N/A
|
(231)
-1 552%
|
(302)
-31%
|
(289)
+4%
|
(160)
+45%
|
13
N/A
|
40
+197%
|
36
-9%
|
(86)
N/A
|
(67)
+22%
|
(89)
-32%
|
(88)
+0%
|
(336)
-281%
|
(275)
+18%
|
|
EPS (Diluted) |
2.8
N/A
|
2.8
N/A
|
1.42
-49%
|
1.43
+1%
|
9.85
+589%
|
8.93
-9%
|
8.92
0%
|
8.9
0%
|
2.9
-67%
|
5.61
+93%
|
5.92
+6%
|
5.84
-1%
|
3.32
-43%
|
1.08
-67%
|
0.96
-11%
|
0.99
+3%
|
0.96
-3%
|
0.28
-71%
|
0.15
-46%
|
0.53
+253%
|
0.4
-25%
|
0.67
+68%
|
0.72
+7%
|
0.54
-25%
|
0.64
+19%
|
0.64
N/A
|
0.36
-44%
|
-0.1
N/A
|
-1.58
-1 480%
|
-1.9
-20%
|
-1.15
+39%
|
-0.74
+36%
|
0.07
N/A
|
0.18
+157%
|
0.18
N/A
|
-0.39
N/A
|
-0.31
+21%
|
-0.4
-29%
|
-0.4
N/A
|
-1.55
-288%
|
-1.28
+17%
|