MAC Stock Cash Flow Statements

The Macerich Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

The Macerich Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-03-31	2015-06-30	2015-03-31	2014-09-30	2013-12-31	2006-03-31	2005-09-30	2005-06-30	2005-03-31	2004-06-30	2004-03-31	2003-09-30

cash flows from operating activities:
net income	-41,545,000	-51,153,000	-219,620,000	-112,098,000	265,499,000	-131,446,000	66,466,000	-271,965,000	-14,406,000	-58,194,000	3,462,000	-13,500,000	-17,687,000	-37,354,000	-25,004,000	112,959,000	-4,062,000	-67,730,000	-204,844,000	-22,622,000	-26,727,000	8,731,000	29,739,000	50,025,000	13,947,000	8,843,000	13,246,000	81,241,000	8,866,000	-34,381,000	38,584,000	19,228,000	29,052,000	74,809,000	40,834,000	451,375,000	15,746,000	26,667,000	38,744,000	150,789,000	13,423,000	10,339,000	11,314,000	20,498,000	19,326,000	20,328,000	41,796,000
adjustments to reconcile net income to net cash from operating activities:
gain on sale or write down of assets					-324,996,000	36,085,000	-706,000	149,287,000	-10,279,000	-3,779,000																	31,311,000	-46,516,000	9,518,000	37,512,000	-5,212,000	11,854,000	477,000	-49,565,000		-434,456,000
depreciation and amortization	91,199,000	95,219,000	84,159,000	75,927,000	74,407,000	71,382,000	72,659,000	74,399,000	74,301,000	75,035,000	76,344,000	75,377,000	75,086,000	75,673,000	82,953,000	78,847,000	81,791,000	80,812,000	79,558,000	80,749,000	81,924,000	83,827,000	85,721,000	84,575,000	84,138,000	83,233,000	88,644,000	83,620,000	80,894,000	81,524,000	87,482,000	84,577,000	84,665,000	84,551,000	91,844,000	88,176,000	121,108,000	122,418,000	93,391,000	97,069,000	63,537,000	57,944,000	54,170,000	37,653,000	35,311,000	34,301,000	25,364,000
amortization of discount on mortgage notes payable	9,120,000	9,121,000		3,838,000
amortization of share and unit-based plans	5,299,000	3,206,000	3,517,000	3,425,000	2,459,000	2,730,000	2,286,000	1,015,000	4,970,000	4,895,000	4,218,000	4,268,000	4,283,000	4,869,000	3,405,000	3,408,000	3,430,000	4,030,000	2,853,000	3,497,000	3,269,000	4,224,000	2,277,000	2,322,000	1,914,000	5,519,000	4,723,000	3,554,000	8,087,000	11,003,000	5,640,000	5,507,000	5,847,000	13,805,000	5,645,000	16,440,000	4,739,000	14,468,000	4,378,000	10,294,000
straight-line rent and amortization of above and below market leases	-2,129,000	-249,000	-3,988,000	-1,461,000	-1,185,000	3,577,000	472,000	423,000	-1,196,000	823,000	-2,092,000	-843,000	75,000	1,589,000	1,738,000	1,889,000	-6,359,000	-4,959,000	-19,790,000	-5,270,000	1,596,000	-243,000	-1,562,000	-4,995,000	-4,802,000	-2,650,000
benefit from doubtful accounts	798,000	1,558,000												567,000				3,208,000	5,002,000	10,558,000	27,777,000	913,000	915,000	2,934,000	2,007,000	1,826,000	876,000	1,188,000	1,245,000	1,354,000	508,000	448,000	2,040,000	1,318,000	1,126,000	919,000	1,826,000	1,330,000	22,000	919,000
income tax benefit	-188,000	-822,000			258,000	-1,224,000																						466,000	684,000	-2,949,000							-283,000	-935,000	-689,000	571,000
equity in loss of unconsolidated joint ventures	475,000	799,000	-7,692,000	74,931,000	56,837,000	73,276,000		107,465,000	6,960,000	61,810,000
change in fair value of financing arrangement obligation			0	0	-16,734,000	2,939,000	-29,596,000	1,995,000	4,368,000	-11,885,000	9,396,000	5,052,000	7,242,000	2,543,000	-2,782,000	-10,306,000	-1,439,000	-863,000	-42,729,000	-15,502,000	-32,907,000	-48,384,000	-5,663,000	-39,455,000	-17,257,000	-14,265,000	-5,946,000	-4,893,000	-8,768,000	4,382,000
changes in assets and liabilities, net of dispositions:
tenant and other receivables	-3,307,000	24,984,000	-34,164,000	10,265,000	-3,258,000	30,598,000	-29,462,000	9,410,000	-1,645,000	22,051,000	-12,907,000	-6,838,000	-1,743,000	28,098,000	-15,327,000	-3,420,000	28,484,000	52,684,000	18,057,000	-2,355,000	-133,322,000	11,673,000	-14,612,000	-5,603,000	-6,581,000	16,867,000	-16,491,000	-11,297,000	2,177,000	11,699,000	-7,346,000	-4,563,000	-3,356,000	8,757,000	-9,955,000	4,686,000	-6,845,000	17,836,000	-12,382,000	-3,595,000
other assets	-2,176,000	12,975,000	-19,877,000	9,116,000	-5,906,000	474,000	-8,657,000	11,393,000	-5,281,000	8,645,000	-18,885,000	15,216,000	-9,787,000	210,000	-7,257,000	12,653,000	3,511,000	5,969,000	-4,660,000	16,021,000	-11,588,000	1,037,000	-13,495,000	10,610,000	-15,952,000	9,284,000	1,296,000	9,819,000	-14,149,000	11,473,000	-16,157,000	9,397,000	-10,272,000	12,618,000	-13,933,000	-9,743,000	-8,644,000	4,310,000	-7,498,000	-12,025,000	4,102,000			5,176,000		2,243,000
due from affiliates	-291,000	-1,350,000	1,367,000	91,000	2,038,000	-581,000		-879,000	2,146,000	-4,592,000		-5,959,000	968,000	-4,504,000		1,835,000	419,000	-3,619,000	15,013,000	-6,355,000	-507,000	-4,766,000	3,470,000	1,378,000	3,898,000	5,148,000	2,489,000	-4,395,000	1,399,000	-2,512,000	-978,000	361,000	-1,350,000	-12,015,000	1,254,000	11,123,000	1,575,000	650,000	-2,230,000	2,167,000						1,571,000
accounts payable and accrued expenses	4,952,000	9,487,000	3,860,000	11,743,000	3,980,000	1,723,000	-12,807,000	17,772,000	-5,033,000	1,938,000	-8,559,000	13,379,000	-5,992,000	790,000	246,000	8,434,000	-8,098,000	-7,328,000	-11,694,000	14,136,000	-2,900,000	15,937,000	-13,342,000	12,170,000	-7,780,000	8,715,000	-8,851,000	2,447,000	-8,994,000	13,239,000	-17,085,000	13,265,000	-6,287,000	4,285,000	-2,470,000	-6,166,000	-10,562,000	18,318,000	15,865,000	-11,102,000				2,538,000
other accrued liabilities	-2,173,000	-29,271,000	20,508,000	6,980,000	10,456,000	-31,361,000	15,846,000	5,637,000	3,339,000	-13,392,000	6,436,000	91,535,000	4,523,000	-31,480,000	15,945,000	6,340,000	-18,753,000	-31,596,000	10,109,000	6,050,000	12,022,000	-49,759,000	28,012,000	6,559,000	10,113,000	-18,334,000	10,316,000	-10,673,000	8,976,000	-17,893,000	13,292,000	-9,254,000	3,952,000	-17,792,000	-4,244,000	2,562,000	3,950,000	450,000	6,035,000	6,228,000
net cash from operating activities	70,519,000	88,491,000	54,872,000	100,047,000	67,431,000	61,095,000	49,383,000	107,398,000	57,991,000	80,730,000	52,522,000	169,566,000	49,978,000	65,444,000	74,735,000	98,606,000	60,808,000	52,219,000	59,710,000	80,509,000	-65,082,000	49,700,000	83,180,000	106,899,000	66,238,000	98,840,000	97,150,000	82,311,000	69,882,000	94,968,000	86,539,000	109,623,000	87,523,000	102,704,000	98,447,000	107,841,000	110,749,000	162,130,000	106,334,000	93,179,000	51,591,000	97,220,000	29,960,000	57,798,000	5,809,000	75,844,000	63,215,000
cash flows from investing activities:
acquisitions of property				23,000				0																													0	-26,250,000	0
development, redevelopment, expansion and renovation of properties	-25,600,000	-34,356,000	-30,975,000	-28,030,000	-23,892,000	-26,420,000	-26,263,000	-18,954,000	-12,732,000	-19,992,000	-13,973,000	-6,955,000	-7,848,000	-13,377,000	-24,898,000	-17,228,000	-20,741,000	-14,819,000	1,260,000	-10,641,000	-9,374,000	-26,406,000	-61,886,000	-48,607,000	-28,042,000	-28,256,000	-47,764,000	-34,473,000	-49,610,000	-49,242,000	-69,585,000	-30,155,000	-27,590,000	-33,013,000	-58,485,000	-60,895,000	-42,055,000	-90,157,000	-47,293,000	0
property improvements	-10,704,000	-6,840,000	-15,895,000	-19,303,000	-15,803,000	-7,329,000	-25,770,000	-13,425,000	-20,495,000	-14,872,000	-19,928,000	-15,004,000	-10,686,000	-7,022,000	-2,615,000	-11,799,000	-7,454,000	-8,653,000	-5,138,000	-2,218,000	-13,942,000	-1,845,000	0	-3,109,000	-9,178,000	-8,827,000	-23,284,000	-15,437,000	-12,453,000	-4,968,000	-7,382,000	-17,675,000	-12,400,000	-4,350,000	-23,225,000	-5,311,000	-12,996,000	-3,855,000	-17,778,000	-29,931,000
deferred leasing costs	-629,000	-1,562,000	-1,112,000	-819,000	-1,484,000	-1,495,000	4,765,000	-8,397,000	-2,151,000	-1,217,000	-1,137,000	-1,059,000	-543,000	-372,000	-842,000	-702,000	-1,085,000	-91,000	-965,000	-666,000	-600,000	-981,000	-1,021,000	-1,355,000	-682,000	-8,848,000	-4,977,000	-5,469,000	-4,939,000	-13,384,000	-6,610,000	-5,492,000	-8,286,000	-11,267,000	-6,748,000	-7,359,000	-8,360,000	-9,768,000	-5,630,000	-5,895,000
distributions from unconsolidated joint ventures	21,123,000	30,716,000	24,683,000	11,617,000	36,756,000	20,942,000	88,753,000	26,051,000	23,891,000	162,166,000	24,051,000	36,398,000	30,795,000	40,062,000	22,972,000	24,977,000	24,637,000	21,341,000	50,249,000	4,039,000	2,446,000	21,693,000	30,538,000	144,461,000	49,911,000	41,439,000	-4,693,000	93,269,000	29,734,000	418,333,000	41,812,000	55,418,000	56,206,000	114,528,000	32,690,000	181,900,000	33,230,000	13,096,000	22,306,000	50,451,000	24,199,000
contributions to unconsolidated joint ventures	-13,628,000	-96,695,000	-11,959,000	-6,995,000	-17,327,000	-12,686,000	-25,580,000	-18,340,000	-24,300,000	-12,938,000	-38,755,000	-11,077,000	-12,464,000	-19,422,000	-30,269,000	-17,090,000	-13,814,000	-25,673,000	-31,848,000	-20,205,000	-46,543,000	-33,870,000	-103,535,000	-52,380,000	-33,895,000	-63,093,000	-2,179,000	-104,043,000	-34,027,000	-40,990,000	-37,206,000	-29,029,000	-24,710,000	-26,593,000	-26,145,000	-350,668,000	-279,083,000	-33,284,000	-149,647,000	-60,198,000
cash acquired from acquisition of unconsolidated joint ventures				0
derecognition of cash previously held by a consolidated joint venture to an unconsolidated joint venture			0	0
proceeds from sale of assets	64,745,000	25,696,000	159,790,000	109,486,000	12,861,000	11,000	821,000	6,463,000	23,226,000	5,018,000	1,690,000	17,774,000	4,909,000	26,085,000	14,496,000	173,025,000	49,659,000	100,334,000	581,000	15,984,000			4,275,000	230,000	0	1,015,000	2,847,000	55,966,000	25,613,000	1,450,000	86,823,000	840,000	-18,000	167,649,000	27,559,000	600,665,000	0	1,440,000	25,936,000	89,018,000	155,000	0	213,000	6,945,000			30,038,000
net cash from investing activities	-231,619,000	-83,041,000	37,161,000	65,979,000	-56,373,000	-26,977,000	20,226,000	-26,602,000	-59,248,000	118,165,000	-48,052,000	-4,467,000	4,163,000	46,954,000	-21,156,000	151,183,000	31,202,000	73,739,000	-80,050,000	-13,707,000	-67,682,000	-41,409,000	-128,601,000	39,462,000	-21,665,000	-1,222,000	-79,836,000	-9,976,000	-45,266,000	311,401,000	12,966,000	-26,516,000	-16,681,000	207,103,000	-51,013,000	358,415,000	-308,100,000	-150,020,000	-167,600,000	37,409,000
the macerich companyconsolidated statements of cash flows
cash flows from financing activities:
proceeds from mortgages, bank and other notes payable	100,000,000	340,000,000	825,000,000	110,004,000	19,996,000	270,000,000	405,000,000	184,000,000	80,000,000	50,000,000	75,000,000	105,000,000			25,000,000	0			0	0	0	660,000,000	720,000,000	100,000,000	551,000,000	425,000,000	120,000,000	100,000,000	75,000,000	120,000,000	920,000,000	210,000,000	100,000,000	200,000,000	485,000,000	2,126,138,000	750,003,000	815,671,000	279,312,000	332,911,000
payments on mortgages, bank and other notes payable	-12,659,000	-122,007,000	-1,435,015,000	-330,714,000	-32,678,000	-225,244,000	-448,193,000	-188,979,000	-57,422,000	-168,664,000	-21,445,000	-191,834,000	-67,559,000	-53,237,000	-46,727,000	-341,096,000	-1,608,586,000	-23,986,000	-13,142,000	-4,692,000	-7,462,000	-8,676,000	-550,990,000	-171,539,000	-447,202,000	-397,358,000	-12,104,000	-57,372,000	-12,695,000	-387,643,000	-795,289,000	-145,020,000	-15,492,000	-263,927,000	-412,926,000	-1,713,094,000	-445,521,000	-674,569,000	-107,528,000	-356,127,000
deferred financing costs	-573,000	-1,156,000	-2,592,000	-822,000	-1,098,000	-4,273,000	-100,000	-12,319,000	-3,243,000	-13,251,000	-3,680,000	-844,000			-59,000	-585,000	-18,756,000	-3,472,000	-1,738,000	-2,393,000			-4,838,000	0	-1,956,000	-965,000	0	-97,000	-46,000	-132,000	-5,914,000	-2,554,000	110,000	-142,000	-1,762,000	-1,927,000	-1,584,000	-3,476,000	-523,000	-913,000
payments on finance leases	0	-4,408,000	0	-4,955,000	-627,000	-615,000	1,000	-808,000	-600,000	-593,000	0	-776,000	-576,000	-571,000	-1,000	-746,000	-550,000	-552,000	0	-1,245,000	1,000	-290,000	0	-1,194,000	0	-278,000
costs from stock offerings	-221,000	-418,000						-322,000	-56,000	-21,000
employee stock purchases
dividends and distributions	-45,732,000	-50,433,000	-41,218,000	-39,839,000	-41,031,000	-39,201,000	-39,157,000	-38,988,000	-39,333,000	-41,812,000	-39,531,000	-70,084,000	-35,399,000	-41,314,000	-38,933,000	-35,972,000	-41,872,000	-26,670,000	-24,675,000	-24,650,000	-15,865,000	-114,672,000	-115,158,000	-114,823,000	-130,157,000	-114,396,000	-114,191,000	-112,698,000	-112,963,000	-113,782,000	-115,106,000	-108,787,000	-109,325,000	-110,621,000	-111,523,000	-452,225,000	-110,449,000	-111,462,000	-95,006,000	-94,364,000
net cash from financing activities	42,066,000	161,578,000	-144,532,000	-117,702,000	-54,483,000	667,000	-87,449,000	-57,465,000	-19,633,000	-174,341,000	11,694,000	-158,568,000	-79,874,000	-95,192,000	-59,718,000	-340,005,000	-979,752,000	542,451,000	-38,802,000	-32,665,000	-22,679,000	540,600,000	52,369,000	-187,521,000	-50,220,000	-92,844,000	-12,113,000	-70,747,000	-49,956,000	-381,622,000	-79,555,000	-99,152,000	-76,005,000	-311,557,000	-37,569,000	-446,261,000	189,516,000	21,144,000	63,245,000	-122,981,000	121,454,000			404,000	74,877,000	27,060,000
net increase in cash, cash equivalents and restricted cash	-119,034,000	167,028,000		48,324,000	-43,425,000	34,785,000	-17,840,000	23,331,000	-20,890,000	24,554,000				17,206,000	-6,139,000	-90,216,000	-887,742,000	668,409,000	-59,142,000	34,137,000	-155,443,000	548,891,000	6,948,000			4,774,000	5,201,000
cash, cash equivalents and restricted cash, beginning of period	0	177,479,000		0	0	190,294,000		0	0	181,139,000		0	0	166,971,000		0	0	482,659,000		0	0	114,216,000		0	0	149,301,000		0	0	143,105,000
cash, cash equivalents and restricted cash, end of period	-119,034,000	344,507,000		48,324,000	-43,425,000	225,079,000		23,331,000	-20,890,000	205,693,000		6,531,000	-25,733,000	184,177,000		-90,216,000	-887,742,000	1,151,068,000		34,137,000	-155,443,000	663,107,000		-41,160,000	-5,647,000	154,075,000		1,588,000	-25,340,000	167,852,000
supplemental cash flow information:
cash payments for interest, net of amounts capitalized	51,566,000	49,710,000	50,728,000	44,114,000	42,796,000	48,707,000	51,345,000	45,469,000	46,310,000	48,376,000	44,773,000	44,815,000	44,270,000	46,463,000	42,747,000	47,990,000	52,443,000	61,041,000	61,155,000	37,755,000	47,248,000	52,989,000	53,326,000	51,354,000	54,696,000	50,650,000	49,574,000	49,648,000	46,614,000	46,418,000	43,807,000	41,822,000	42,402,000	40,462,000	40,651,000	32,073,000	59,189,000	60,102,000	39,150,000	41,285,000	79,215,000
non-cash investing and financing transactions:
accrued development costs included in accounts payable and accrued expenses and other accrued liabilities	-5,839,000	48,898,000	13,031,000	-3,233,000	-3,558,000	43,244,000	8,342,000	-348,000	5,671,000	34,526,000	800,000	11,194,000	4,459,000	18,881,000	-2,000	-4,097,000	-2,870,000	25,248,000	10,827,000	-2,015,000	-7,686,000	28,250,000	-10,896,000	-6,605,000	7,414,000	42,539,000	1,179,000	11,986,000	555,000	36,286,000	13,020,000	-794,000	6,788,000	24,712,000	19,707,000	22,887,000	11,262,000	31,823,000	25,884,000	17,668,000
derecognition of previously consolidated property and related liabilities to investment in unconsolidated joint venture			0	0
conversion of operating partnership units to common stock	0	118,000	0	5,238,000			4,601,000				0	622,000			26,589,000	0	0	22,218,000	0	409,000	5,880,000	5,797,000	0	0			0	0			1,602,000	3,399,000	11,158,000	638,000	1,728,000	3,108,000	6,000	1,553,000
assets acquired from unconsolidated joint venture				0			0	0
liabilities assumed from unconsolidated joint venture				0
loss on sale or write down of assets		13,987,000															3,927,000	21,283,000	39,328,000	-11,786,000	3,867,000	36,703,000		131,000	9,059,000	6,316,000
gain on extinguishment of debt																																							47,000
(gain) loss on sale or write down of assets			233,347,000										1,091,000	-6,453,000	17,616,000																							-935,000
amortization of net discount on mortgage notes payable
benefit from (recovery of) doubtful accounts			1,581,000	140,000	1,509,000	2,923,000
income tax (benefit) expense			-879,000						371,000	-1,882,000									237,000	1,106,000	-1,524,000	-266,000										2,869,000	437,000	-3,484,000
distributions of income from unconsolidated joint ventures							0	0	0	280,000	666,000	481,000			0								90,000	384,000	342,000	118,000	295,000	995,000	514,000	155,000					1,641,000	2,035,000			709,000	0	772,000
changes in assets and liabilities, net of acquisitions and dispositions:
acquisition of property
proceeds from collection of notes receivable
cash and restricted cash acquired from acquisition of previously unconsolidated joint venture
proceeds from collection of receivable in connection with sale of joint venture property											0	0	0	21,000,000
payment on finance arrangement obligation																							0	-1,000
proceeds from share and unit-based plans			826,000	0			777,000	0			781,000	0			753,000	0			679,000	0			700,000	0			764,000	0			882,000	0			863,000				0	630,000
proceeds (costs) from stock offerings			508,467,000
redemption of noncontrolling interests							-6,000				0	0			-118,000	-59,000	0	-1,000	-1,000	-10,000	-16,000	-2,000	-16,000	-14,000	-10,000	-27,000	-40,000	-596,000	-58,000	-65,000	-11,000	-824,000	-70,000	-15,000	0	-30,000			-15,000	-44,000
contributions from noncontrolling interests											600,000
net increase in cash and cash equivalents and restricted cash
cash and cash equivalents and restricted cash at beginning of year
cash and cash equivalents and restricted cash at end of year
non-cash investing and financing activities:
assets acquired from unconsolidated joint ventures
liabilities assumed from unconsolidated joint ventures
(gain) loss on extinguishment of debt																																					1,609,000	-2,245,000
recovery of doubtful accounts							-826,000	-226,000				-709,000
equity in loss (income) of unconsolidated joint ventures											-11,166,000	-6,322,000	-6,353,000	29,097,000					10,050,000	12,513,000
due (from) to affiliates
(costs) proceeds from stock offerings
receivable in connection with sale of joint venture property
income tax expense											-258,000	-166,000	-670,000	1,799,000	-2,504,000	107,000	7,107,000	2,238,000					-114,000	678,000	679,000	346,000									-2,014,000	1,317,000
(recovery of) benefit from doubtful accounts										-1,023,000					-2,121,000	1,638,000
lease liabilities recorded in connection with right-of-use assets														24,929,000
loss on extinguishment of debt															0								0	0	0	351,000
loss on remeasurement of assets
amortization of net premium on mortgage notes payable																															-478,000	-939,000	-934,000	-926,000	-966,000	-1,050,000	-5,479,000	-6,903,000	-1,352,000
loan to previously unconsolidated joint venture
proceeds from finance lease																			0	0	0	4,115,000
assets acquired from previously unconsolidated joint venture
liabilities assumed from previously unconsolidated joint venture
property distribution from unconsolidated joint venture
proceeds from repayment of notes receivable																0	0	1,300,000						222,000	221,000	65,348,000	214,000	211,000	416,000	202,000	6,445,000	9,000	407,000	212,000
net (costs) proceeds from stock offerings												-32,000	-50,000	-70,000
net decrease in cash, cash equivalents and restricted cash												6,531,000
contribution from noncontrolling interests																4,000	-1,000	125,000		325,000	0	125,000		50,000
accrued receivable of net proceeds from stock offering																	-26,508,000	41,137,000
equity in (income) loss of unconsolidated joint ventures															4,523,000	1,733,000
due to/from affiliates
proceeds from stock offerings
amortization of premium on mortgage notes payable																				-231,000	-235,000	-229,000		-232,000	-230,000	-234,000		-233,000	-228,000	-235,000
net proceeds from stock offerings																38,449,000	194,418,000	597,007,000																						-19,000
equity in income of unconsolidated joint ventures																		-1,910,000				-9,698,000	-14,426,000	-14,582,000	-7,257,000	-12,243,000	-20,443,000	-18,789,000	-15,669,000	-16,872,000	-28,774,000	-23,993,000	-16,936,000	-15,843,000	-19,404,000	-11,660,000	-9,094,000	-8,274,000	-16,935,000	-22,103,000
payment of finance deposits, net of refunds received
cash, cash equivalents and restricted cash at beginning of year
cash, cash equivalents, and restricted cash at end of year
mortgage notes payable assumed by buyer in exchange for investment in unconsolidated joint venture
disposition of property in exchange for investments in unconsolidated joint ventures																											-11,128,000
payment on financing arrangement obligation
stock dividend
payment of finance deposits																										-4,820,000
co-venture expense																															2,479,000	3,150,000	4,123,000	3,877,000	3,875,000	3,289,000	2,813,000	2,130,000	2,143,000	2,632,000
stock repurchases																															0	-39,688,000	-49,190,000	-132,550,000	0	-400,018,000
distributions to co-venture partner																															-92,747,000	-3,679,000	-3,024,000	-4,302,000	-4,511,000	-5,105,000	-3,816,000	-4,716,000	-3,328,000	-5,068,000
mortgage notes payable assumed in exchange for investments in unconsolidated joint ventures																																				997,695,000
straight-line rent adjustment																											-2,792,000	-3,544,000	-2,736,000	-2,683,000	-1,095,000	-2,958,000	-2,660,000	-1,884,000	-1,788,000	-910,000	-1,277,000	-386,000	-1,342,000
amortization of above and below-market leases																											515,000	-679,000	-1,934,000	152,000	-556,000	674,000	-1,275,000	193,000	-3,700,000	-1,643,000	-5,118,000	-4,666,000	-3,011,000
payment of debt extinguishment costs
settlement of contingent consideration																																			0
mortgage notes payable settled by deed-in-lieu of foreclosure
net increase in cash and cash equivalents																														24,747,000				-1,750,000	9,865,000	19,995,000	-7,835,000	33,254,000		7,607,000
accrued stock repurchase costs																																		8,552,000
gain on remeasurement of assets																																					14,000	-22,103,000
acquisition of properties
deposit on acquisition of property
restricted cash																															-1,331,000	-432,000	-290,000	-63,000	3,025,000	-849,000	707,000	-1,694,000	1,302,000	17,646,000
purchase of noncontrolling interest
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
accrued dividend
acquisition of property in exchange for investment in unconsolidated joint venture																																					0	76,250,000	0
assumption of mortgage notes payable and other liabilities from unconsolidated joint ventures
gain on early extinguishment of debt																																				-8,453,000
net decrease in cash and cash equivalents																																-16,045,000							1,979,000
cash and cash equivalents, beginning of period																																0	0	94,046,000		86,510,000	0	84,907,000	0		155,113,000		0	72,114,000	0	47,160,000	0
cash and cash equivalents, end of period																																-16,045,000	-5,163,000	92,296,000		106,505,000	-7,835,000	118,161,000	1,979,000		66,808,000		20,690,000	53,088,000	12,445,000	80,937,000	-2,061,000
mortgage note payable settled by deed-in-lieu of foreclosure
loss on early extinguishment of debt																																									1,782,000				0	405,000
(gain) loss on early extinguishment of debt
cash acquired from acquisitions
proceeds from note receivable
issuance of notes receivable																																								0
collections of loans to unconsolidated joint ventures
payment of stock issuance costs																																						-304,000
acquisition of property by issuance of common stock
acquisition of properties by assumption of mortgage note payable and other accrued liabilities																																								147,206,000
mortgage notes payable settled in deed-in-lieu of foreclosure
mortgage notes payable assumed by buyers in sales of properties
note receivable issued in connection with sale of property
acquisition of property in exchange for settlement of notes receivable
contingent consideration in acquisition of property
proceeds from notes receivable																																				932,000	457,000	452,000
assumption of mortgage note payable from unconsolidated joint venture																																					0	50,000,000
gain on disposition of assets, net from discontinued operations
proceeds from maturities of marketable securities																																								0
payment of contingent consideration
application of deposit to acquire property																																								0
loans to unconsolidated joint ventures
notes receivable issued in connection with sale of property																																							0
gain on remeasurement, sale or write down of assets																																							-9,561,000	32,645,000
gain on the disposition of assets, net from discontinued operations
collections on notes receivable
collection of/loans to unconsolidated joint ventures																																							35,000
contingent consideration paid																																							-9,667,000
assumption of mortgage note payable and other liabilities from unconsolidated joint ventures
conversion of noncontrolling interests to common shares																																							0
non-cash transactions:
(gain) loss on disposition of assets, net from discontinued operations
amortization of net (premium) discount on mortgages, bank and other notes payable																																								-1,320,000
redemption of redeemable non-controlling interests
collections of/loans to unconsolidated joint ventures
repurchase of convertible senior notes
exercise of stock warrants
mortgage notes payable assumed by buyers in sale of properties
property distributed from unconsolidated joint venture
contribution of development rights from noncontrolling interests
net income available to common stockholders																																									7,453,000
preferred dividends																																									5,970,000	6,274,000	4,565,000	2,358,000	2,213,000	2,212,000	2,067,000
gain on sale of assets																																									502,000
gain on sale of assets of discontinued operations
amortization of net premium on mortgage and bank and other notes payable
minority interest in operating partnership
minority interest in consolidated joint ventures
changes in assets and liabilities, net of acquisitions:
tenant receivables																																									8,337,000	-1,123,000	992,000	6,044,000	-493,000	3,158,000
acquisitions of property, development, redevelopment and property improvements
issuance of note receivable
purchase of marketable securities
maturities of marketable securities
repayments of loans to unconsolidated joint ventures
proceeds from mortgages and bank and other notes payable
payments on mortgages and bank and other notes payable
purchase of capped calls
repurchase of common stock
net proceeds from stock offering																																									746,809,000
dividends to preferred stockholders / preferred unit holders
net decrease in cash
increase in other accrued liabilities and additional paid-in capital recorded upon adoption of fin 48
acquisition of property by assumption of mortgage note payable
reclassification from other accrued liabilities to additional paid-in capital recorded upon adoption of sfas no. 123
(gain) loss on sale of assets
loss on sale of discontinued operations
proceeds from share-based plans
reclassification from other accrued liabilities to additional paid-in capital upon adoption of sfas no. 123																																									6,000,000
discontinued operations gain on sale of assets
amortization of share-based plans																																									2,479,000
acquisitions of property and property improvements
deferred leasing charges
proceeds from mortgages and bank notes payable																																									312,845,000
payments on mortgages and bank notes payable
acquisition of property by issuance of bank notes payable																																										0
acquisition of property by assumption of mortgage notes payable
acquisition of property by issuance of convertible preferred units and common units																																										1,119,000
minority interest in the operating partnership
dividends to preferred stockholders / preferred unitholders
net increase in cash																																													12,445,000	33,777,000	-2,061,000
minority interest																																									1,460,000	1,406,000	1,480,000	4,199,000	4,070,000	4,400,000	10,214,000
acquisitions of unconsolidated joint ventures
repayments from (loans to) unconsolidated joint ventures																																									228,000
proceeds from exercise of common stock options																																									26,000
amortization of restricted stock grants
equity in income from unconsolidated joint ventures
total adjustments																																										86,881,000	18,646,000	37,300,000	-13,517,000	55,516,000	21,419,000
acquisition of property and property improvements
development, redevelopment and expansion of centers
renovations of centers
tenant improvements
deferred lease charges
distributions of capital from unconsolidated joint ventures
contributions of capital to unconsolidated joint ventures
repayment of loans to unconsolidated joint ventures
distributions to minority interest holders
proceeds from mortgages and other notes payable
payments on mortgages and other notes payable
exercise of common stock options and employee stock purchases
dividends to preferred stockholders
cash and cash equivalents at beginning of period
cash and cash equivalents at end of period
supplemental cash flow information
cash payment for interest, net of amount capitalized
non-cash transactions
net income-available to common stockholders																																											6,749,000	18,140,000		18,116,000	39,729,000
amortization of net premium on trust deed notes payable
distributions on investment from unconsolidated joint ventures
due to affiliates
tenant allowances
distributions of investment from unconsolidated joint ventures
contributions to joint ventures
acquisitions of joint ventures
repayments from unconsolidated joint ventures
proceeds from mortgages and notes payable																																											-65,499,000	234,300,000	122,516,000	201,902,000	55,538,000
payments on mortgages and notes payable
exercise of common stock options																																													304,000	6,847,000
cash payment for interest, net of amounts capitalized																																											57,068,000	41,663,000	35,771,000	28,992,000	32,137,000
acquisition of property by assumption of debt
amortization of net premium on trust deed note payable
distributions from joint ventures																																												14,228,000	16,618,000	17,399,000	10,525,000
equity in income of unconsolidated joint ventures and the management company
changes in assets and liabilities, net of acquisitions / dispositions:
other liabilities																																														17,058,000	21,410,000
payments received from (loans to) unconsolidated joint ventures
reclassification from investments in joint ventures to property																																															0
reclassification from property to investments in joint ventures																																															0
reclassification from debt to investments in joint ventures																																															0
loans to (payments received from) unconsolidated joint ventures																																														3,528,000
amortization of net (premium) discount on trust deed note payable
preferred stock dividend payable
equity in income of unconsolidated joint ventures and the management companies
net proceeds from equity offerings
acquisition of property by issuance of operating partnership units
acquisition of property by assumption of joint venture debt																																															0
cash flows from operating activities
changes in assets and liabilities, net of acquisitions/dispositions:
cash flows from investing activities
cash flows from financing activities

We provide you with 20 years of cash flow statements for The Macerich stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of The Macerich stock. Explore the full financial landscape of The Macerich stock with our expertly curated income statements.

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