The Macerich Company (MAC)

The Macerich Company Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-424.42	-197.67	-278.1	-65.08	16.16	-245.46
Depreciation & Amortization	375.74	318.94	296.39	302.48	324.4	325.29
Stock-Based Compensation	15.45	12.13	13.17	17.64	14.27	13.84
Other Adjustments	337.84	131.99	245.74	22.1	-112.9	139.02
Change in Receivables	-2.22	3.44	0.35	6.61	62.42	-105.95
Changes in Accounts Payable	30.04	21.31	1.87	-0.38	-6.75	15.48
Changes in Accrued Expenses	-3.96	6.58	11.43	71.01	-28.06	-21.58
Changes in Other Operating Activities	-0.15	-13.28	4.64	-16.87	16.82	4.2
Operating Cash Flow	313.93	283.45	295.5	337.51	286.37	124.84
Operating Cash Flow Growth	10.03%	-4.08%	-12.45%	17.86%	129.39%	-64.85%
Capital Expenditures	-171.7	-338.48	-199.19	-119.34	-108.21	-68.3
Sale of Property, Plant & Equipment	359.72	282.15	35.53	50.46	337.51	16.9
Purchases of Intangible Assets	-4.12	-4.91	-7	-3.11	-2.72	-3.21
Other Investing Activities	-41.14	81.03	223.2	70.59	8.38	-148.23
Investing Cash Flow	-211.52	19.79	52.54	-1.4	234.97	-202.85
Long-Term Debt Issued	1,375	1,225	719	277	520	660
Long-Term Debt Repaid	-1,900	-2,024	-863.26	-406.08	-2,020	-33.97
Net Long-Term Debt Issued (Repaid)	-525.39	-798.65	-144.26	-129.08	-1,500	626.03
Issuance of Common Stock	656.45	658.87	1.22	1.56	831.59	1.53
Net Common Stock Issued (Repurchased)	656.45	658.87	1.22	1.56	831.59	1.53
Common Dividends Paid	-177.22	-161.29	-159.29	-186.33	-143.45	-179.86
Other Financing Activities	-5.14	-14.98	-36.56	-8.1	-24.77	-1.24
Financing Cash Flow	-58.59	-316.05	-338.89	-321.94	-837.02	446.45
Net Cash Flow	43.82	-12.82	9.16	14.17	-315.69	368.44
Beginning Cash & Cash Equivalents	181.65	190.29	181.14	166.97	482.66	114.22
Ending Cash & Cash Equivalents	225.47	177.48	190.29	181.14	166.97	482.66
Free Cash Flow	142.23	-55.03	96.31	218.17	178.16	56.53
Free Cash Flow Growth	-	-	-55.85%	22.46%	215.15%	-66.20%
FCF Margin	14.32%	-5.99%	10.89%	25.39%	21.02%	7.19%
Free Cash Flow Per Share	0.59	-0.25	0.45	1.01	0.90	0.39
Levered Free Cash Flow	-705.84	-997.7	-303.18	41.76	-1,288	650.9
Unlevered Free Cash Flow	401.26	159	292.41	388.58	285.88	343.01

Updated Jun 30, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q