Income Statement

Revenue

+19%

+23%

10Y

Currency: USD

	Dec-2001	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	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	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025
Revenue
Interest Expense	110	107	104	113	120	131	139	135	121	130	132	137	135	143	169	195	228	264	272	275	261	270	260	255	261	260	274	286	295	288	287	279	264	253	233	217	198	203	195	189	167	174	171	169	164	172	181	189	197	185	180	178	191	198	207	214	212	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0
Revenue	329 N/A	332 +1%	329 -1%	347 +5%	363 +5%	409 +13%	449 +10%	466 +4%	438 -6%	494 +13%	507 +3%	520 +3%	495 -5%	523 +6%	570 +9%	613 +7%	660 +8%	761 +15%	776 +2%	806 +4%	750 -7%	822 +10%	823 +0%	823 N/A	801 -3%	839 +5%	857 +2%	877 +2%	881 +0%	882 +0%	873 -1%	848 -3%	793 -6%	782 -1%	761 -3%	743 -2%	712 -4%	742 +4%	742 +0%	755 +2%	685 -9%	781 +14%	791 +1%	801 +1%	798 0%	843 +6%	898 +7%	952 +6%	1 030 +8%	1 025 0%	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%	878 -1%	1 090 +24%	1 092 +0%	918 -16%	1 167 +27%	993 -15%	1 026 +3%
Gross Profit
Cost of Revenue	(110)	(112)	(111)	(117)	(127)	(140)	(156)	(165)	(169)	(190)	(199)	(199)	(191)	(204)	(220)	(248)	(257)	(294)	(302)	(313)	(290)	(322)	(326)	(329)	(327)	(340)	(348)	(355)	(359)	(366)	(363)	(351)	(328)	(327)	(323)	(323)	(314)	(328)	(327)	(330)	(300)	(331)	(334)	(335)	(338)	(354)	(373)	(395)	(423)	(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)	(400)	(507)	(510)	(430)	(547)	(456)	(463)
Gross Profit	220 N/A	220 +0%	218 -1%	230 +5%	236 +3%	269 +14%	293 +9%	302 +3%	269 -11%	304 +13%	309 +2%	321 +4%	305 -5%	320 +5%	350 +10%	365 +4%	404 +11%	466 +16%	474 +2%	493 +4%	459 -7%	500 +9%	497 -1%	494 -1%	474 -4%	499 +5%	509 +2%	521 +2%	522 +0%	516 -1%	510 -1%	497 -2%	465 -6%	454 -2%	437 -4%	420 -4%	397 -5%	414 +4%	415 +0%	425 +2%	384 -10%	450 +17%	456 +1%	466 +2%	460 -1%	488 +6%	526 +8%	557 +6%	606 +9%	599 -1%	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%	478 -2%	583 +22%	582 0%	488 -16%	620 +27%	537 -13%	563 +5%
Operating Income
Operating Expenses	(72)	(73)	(73)	(79)	(82)	(93)	(101)	(105)	(104)	(124)	(133)	(143)	(140)	(143)	(162)	(177)	(184)	(229)	(233)	(236)	(210)	(232)	(230)	(226)	(226)	(238)	(240)	(258)	(286)	(297)	(303)	(302)	(281)	(285)	(282)	(277)	(247)	(262)	(264)	(269)	(249)	(282)	(290)	(295)	(298)	(315)	(338)	(358)	(385)	(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)	(309)	(385)	(387)	(323)	(423)	(365)	(383)
Selling, General & Administrative	(7)	(7)	(7)	(8)	(7)	(8)	(9)	(9)	(9)	(9)	(9)	(10)	(11)	(11)	(12)	(13)	(12)	(13)	(13)	(12)	(14)	(15)	(16)	(16)	(17)	(16)	(15)	(16)	(17)	(17)	(18)	(22)	(26)	(28)	(27)	(25)	(21)	(21)	(21)	(21)	(21)	(18)	(20)	(21)	(20)	(22)	(23)	(24)	(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)	(30)	(36)	(36)	(28)	(36)	(29)	(30)
Depreciation & Amortization	(65)	(66)	(67)	(71)	(75)	(85)	(92)	(97)	(96)	(115)	(124)	(133)	(128)	(132)	(150)	(164)	(172)	(216)	(220)	(224)	(197)	(216)	(214)	(210)	(209)	(222)	(225)	(241)	(270)	(279)	(285)	(280)	(255)	(257)	(254)	(252)	(227)	(241)	(243)	(248)	(228)	(264)	(270)	(274)	(278)	(293)	(315)	(334)	(357)	(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)	(279)	(349)	(351)	(295)	(387)	(336)	(353)
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	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	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	0	0	0	0	0	0	0
Operating Income	148 N/A	148 0%	145 -2%	151 +4%	154 +2%	176 +14%	191 +9%	196 +3%	165 -16%	180 +9%	176 -2%	178 +1%	165 -7%	177 +7%	188 +6%	188 0%	220 +17%	237 +8%	242 +2%	257 +6%	249 -3%	268 +8%	267 -1%	269 +1%	248 -8%	262 +5%	269 +3%	264 -2%	236 -11%	219 -7%	207 -6%	195 -6%	184 -6%	169 -8%	156 -8%	143 -8%	150 +5%	152 +2%	152 -1%	156 +3%	135 -13%	169 +25%	167 -1%	172 +3%	162 -6%	173 +7%	188 +8%	199 +6%	221 +11%	220 -1%	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%	169 -5%	198 +17%	195 -1%	165 -15%	197 +19%	172 -13%	180 +5%
Pre-Tax Income
Interest Income Expense	(110)	(107)	(104)	(113)	(120)	(132)	(140)	(135)	(121)	(130)	(132)	(137)	(135)	(143)	(169)	(195)	(228)	(264)	(272)	(276)	(261)	(270)	(261)	(255)	(179)	(238)	(227)	(219)	(201)	(227)	(237)	(230)	(196)	(184)	(163)	(146)	(119)	(110)	(92)	(86)	128	121	118	119	(85)	(105)	(41)	(33)	(30)	(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)	(354)	(515)	(486)	(417)	(487)	(338)	(268)
Non-Reccuring Items	(2)	0	0	(1)	(4)	(4)	(4)	(3)	0	(1)	(1)	(2)	(1)	(1)	(1)	0	(2)	(4)	(4)	(4)	(2)	(1)	(1)	(1)	(1)	0	0	0	84	118	125	124	29	7	(1)	2	4	(5)	(5)	(7)	(2)	(2)	(2)	(2)	0	0	2	2	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)	(181)	(229)	(136)	(320)	(333)	(298)	(334)
Gain/Loss on Disposition of Assets	25	25	21	21	(4)	(4)	12	12	12	12	2	1	0	2	1	1	1	(1)	(0)	0	(0)	2	5	4	12	11	9	5	(31)	(31)	(30)	132	162	161	160	3	1	2	3	4	(22)	(4)	(7)	14	229	214	215	201	(27)	(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	15	342	381	373	373	38	18
Total Other Income	0	0	0	0	0	0	0	0	0	0	28	0	0	0	0	0	0	0	(28)	0	0	0	0	0	0	0	0	0	0	0	0	0	(2)	(4)	(6)	(6)	(6)	(6)	(5)	(6)	(6)	(6)	(6)	(7)	(7)	(8)	(8)	(8)	(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	0	0	0	0	0	0	0
Pre-Tax Income	61 N/A	65 +8%	61 -6%	58 -6%	26 -55%	37 +42%	60 +60%	71 +18%	56 -21%	62 +12%	73 +18%	40 -46%	29 -26%	34 +17%	18 -47%	(7) N/A	(9) -38%	(31) -236%	(62) -102%	(22) +64%	(14) +39%	(0) +98%	10 N/A	17 +81%	80 +360%	35 -56%	52 +48%	50 -4%	88 +76%	79 -9%	65 -18%	222 +242%	177 -20%	149 -16%	146 -2%	(5) N/A	30 N/A	33 +12%	52 +56%	61 +17%	233 +285%	278 +19%	270 -3%	297 +10%	299 +1%	275 -8%	356 +29%	361 +1%	157 -56%	164 +4%	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%	(351) -26%	(204) +42%	(45) +78%	(199) -339%	(251) -26%	(426) -70%	(405) +5%
Net Income
Tax Provision	0	0	0	0	0	0	0	0	0	0	0	0	6	6	7	8	2	2	1	(0)	0	(0)	1	1	1	0	0	1	(1)	0	(0)	(1)	5	5	6	9	9	11	11	10	6	2	3	2	4	6	5	4	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	(0)	1	2	1	2	1	3
Income from Continuing Operations	61	65	61	58	26	37	60	71	56	62	73	40	35	40	25	1	(7)	(29)	(60)	(23)	(14)	(1)	10	18	81	35	52	50	87	79	64	221	181	154	153	4	39	44	63	70	239	280	273	299	303	281	360	365	159	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)	(351)	(203)	(43)	(198)	(249)	(424)	(402)
Income to Minority Interest	(19)	(23)	(20)	(21)	(20)	(20)	(28)	(34)	(29)	(28)	(25)	(19)	(20)	(20)	(18)	(8)	21	(11)	(14)	(30)	(60)	(47)	(47)	(40)	(32)	(32)	(30)	(28)	(29)	(17)	(11)	(31)	(19)	(16)	(19)	2	(3)	(4)	(2)	(2)	(12)	(14)	(27)	(29)	(29)	(31)	(36)	(35)	(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	9	1	(4)	4	5	14	13
Equity Earnings Affiliates	33	33	26	33	43	51	67	65	59	60	0	0	55	26	0	0	76	51	69	87	86	80	81	81	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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income (Common)	58 N/A	69 +19%	61 -12%	63 +4%	61 -4%	63 +3%	93 +47%	121 +30%	113 -6%	112 -1%	100 -10%	78 -22%	83 +6%	83 N/A	72 -13%	66 -9%	(94) N/A	42 N/A	61 +45%	97 +59%	217 +125%	224 +3%	209 -7%	182 -13%	63 -65%	163 +158%	167 +3%	150 -10%	161 +7%	95 -41%	59 -38%	196 +232%	118 -40%	100 -15%	119 +19%	(13) N/A	23 N/A	29 +30%	11 -63%	16 +44%	155 +890%	142 -9%	294 +108%	326 +11%	337 +3%	369 +10%	455 +23%	449 -1%	420 -7%	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%	(343) -25%	(203) +41%	(48) +76%	(195) -303%	(245) -26%	(411) -68%	(390) +5%
EPS (Diluted)	1.09 N/A	1.69 +55%	0.89 -47%	1.08 +21%	1.03 -5%	0.81 -21%	1.19 +47%	1.36 +14%	1.28 -6%	1.31 +2%	1.17 -11%	1.05 -10%	0.96 -9%	0.91 -5%	0.86 -5%	0.73 -15%	-1.08 N/A	0.43 N/A	0.9 +109%	1.15 +28%	2.1 +83%	2.24 +7%	2.08 -7%	1.84 -12%	0.63 -66%	1.91 +203%	0.23 -88%	1.43 +522%	1.58 +10%	1.15 -27%	0.66 -43%	2.23 +238%	1.36 -39%	0.96 -29%	0.89 -7%	-0.1 N/A	0.17 N/A	0.21 +24%	0.07 -67%	0.11 +57%	1.11 +909%	1 -10%	2.03 +103%	2.28 +12%	2.36 +4%	2.52 +7%	2.97 +18%	3 +1%	2.83 -6%	2.8 -1%	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 -287%	-1.28 +17%	-1.59 -24%	-0.95 +40%	-0.22 +77%	-0.88 -300%	-0.96 -9%	-1.62 -69%	-1.53 +6%

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Macerich Co
NYSE:MAC

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Macerich Co

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Macerich Co

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