The Macerich Company (MAC)
NYSE: MAC · Real-Time Price · USD
23.24
+0.18 (0.78%)
Sep 4, 2026, 4:00 PM EDT - Market closed
The Macerich Company Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -169.54 | -197.15 | -194.12 | -274.07 | -66.07 | 14.26 |
Depreciation & Amortization | 351.43 | 363.8 | 300.58 | 296.39 | 302.48 | 324.4 |
Other Amortization | 21.19 | 31.11 | 13.06 | - | - | - |
Gain (Loss) on Sale of Assets | -42.48 | -28.03 | -373.33 | -18.97 | -22.74 | -143.08 |
Asset Writedown | 127.98 | 151.45 | 334.38 | 153.5 | 15.05 | 67.34 |
Stock-Based Compensation | 22.31 | 18.17 | 12.13 | 13.17 | 17.64 | 14.27 |
Income (Loss) on Equity Investments | -22.12 | -35.95 | 197.35 | 157.22 | 6.79 | -15.64 |
Change in Accounts Receivable | -0.93 | 3.4 | 3.44 | 0.35 | 6.61 | 62.42 |
Change in Accounts Payable | 29.83 | 32.52 | 21.31 | 1.87 | -0.38 | -6.75 |
Change in Other Net Operating Assets | -7.4 | -13.56 | -6.7 | 16.07 | 54.14 | -11.25 |
Other Operating Activities | -8.85 | -8.79 | -30.8 | -47.33 | 24.66 | -13.23 |
Operating Cash Flow | 306.84 | 321.6 | 283.45 | 295.5 | 337.51 | 286.37 |
Operating Cash Flow Growth | -2.26% | 13.46% | -4.08% | -12.45% | 17.86% | 129.39% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Acquisition of Real Estate Assets | -493.03 | -434.35 | -338.48 | -199.19 | -119.34 | -108.21 |
Sale of Real Estate Assets | 85.12 | 159.61 | 282.15 | 35.53 | 50.46 | 337.51 |
Net Sale / Acq. of Real Estate Assets | -407.91 | -274.74 | -56.33 | -163.66 | -68.88 | 229.31 |
Investment in Marketable & Equity Securities | 11.68 | -44.98 | 81.03 | 219.7 | 70.59 | 7.08 |
Other Investing Activities | - | - | - | 3.5 | - | 1.3 |
Investing Cash Flow | -403.45 | -325.34 | 19.79 | 52.54 | -1.4 | 234.97 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 599.1 | 1,225 | 719 | 277 | 520 |
Long-Term Debt Repaid | - | -261.73 | -2,030 | -870.85 | -408 | -2,022 |
Net Debt Issued (Repaid) | -193.5 | 337.37 | -804.85 | -151.85 | -131 | -1,502 |
Issuance of Common Stock | 587.22 | 55.53 | 658.87 | 1.8 | 1.74 | 831.59 |
Common Dividends Paid | -179.47 | -173.88 | -148.88 | -146.63 | -133.33 | -118.34 |
Other Financing Activities | -32.17 | -19.79 | -21.2 | -42.21 | -59.35 | -48.03 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 85.47 | 195.48 | -12.82 | 9.16 | 14.17 | -315.69 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Levered Free Cash Flow | 388.9 | 421.87 | 370.23 | 343.41 | 283.19 | 344.39 |
Unlevered Free Cash Flow | 540.25 | 567.98 | 501.7 | 466.61 | 418.72 | 467.13 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 215.77 | 207.92 | 186.35 | 191.5 | 180.32 | 204.22 |
Change in Working Capital | 21.51 | 22.35 | 18.05 | 18.3 | 60.37 | 44.43 |