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The Macerich Company (MAC)
NYSE: MAC · Real-Time Price · USD
25.61
+0.32 (1.27%)
At close: Nov 10, 2026, 4:00 PM EST
25.22
-0.39 (-1.52%)
After-hours: Nov 10, 2026, 5:00 PM EST

The Macerich Company Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
-98.92-197.15-194.12-274.07-66.0714.26
Depreciation & Amortization
350.91363.8300.58296.39302.48324.4
Other Amortization
17.8231.1113.06---
Gain (Loss) on Sale of Assets
-36.41-28.03-373.33-18.97-22.74-143.08
Asset Writedown
34.57151.45334.38153.515.0567.34
Stock-Based Compensation
23.9518.1712.1313.1717.6414.27
Income (Loss) on Equity Investments
-19.37-35.95197.35157.226.79-15.64
Change in Accounts Receivable
-23.43.440.356.6162.42
Change in Accounts Payable
19.7432.5221.311.87-0.38-6.75
Change in Other Net Operating Assets
5.04-13.56-6.716.0754.14-11.25
Other Operating Activities
1.84-8.79-30.8-47.3324.66-13.23
Operating Cash Flow
303.86321.6283.45295.5337.51286.37
Operating Cash Flow Growth
-6.87%13.46%-4.08%-12.45%17.86%129.39%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Acquisition of Real Estate Assets
-532.34-434.35-338.48-199.19-119.34-108.21
Sale of Real Estate Assets
54.56159.61282.1535.5350.46337.51
Net Sale / Acq. of Real Estate Assets
-477.78-274.74-56.33-163.66-68.88229.31
Investment in Marketable & Equity Securities
18.31-44.9881.03219.770.597.08
Other Investing Activities
-3.58--3.5-1.3
Investing Cash Flow
-471.48-325.3419.7952.54-1.4234.97

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-599.11,225719277520
Long-Term Debt Repaid
--261.73-2,030-870.85-408-2,022
Net Debt Issued (Repaid)
149.31337.37-804.85-151.85-131-1,502
Issuance of Common Stock
537.2255.53658.871.81.74831.59
Common Dividends Paid
-184.37-173.88-148.88-146.63-133.33-118.34
Other Financing Activities
-91.99-19.79-21.2-42.21-59.35-48.03

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
242.54195.48-12.829.1614.17-315.69

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Levered Free Cash Flow
405.49421.87370.23343.41283.19344.39
Unlevered Free Cash Flow
556.51567.98501.7466.61418.72467.13

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
211.44207.92186.35191.5180.32204.22
Change in Working Capital
22.7822.3518.0518.360.3744.43
SEC Filings: 10-K · 10-Q