$MAC
Macerich Co Stock $mac

$mac Overview Financials Valuation SEC Filings Company Website

2015 Q1 Form 10-Q Financial Statement

#000091224215000009 Filed on May 07, 2015

Income Statement

Concept	2015 Q1	2014 Q1
Revenue	$318.3M	$264.5M
YoY Change	20.35%	8.71%
Cost Of Revenue	$141.7M	$113.1M
YoY Change	25.29%	11.1%
Gross Profit	$176.6M	$151.4M
YoY Change	16.64%	6.92%
Gross Profit Margin	55.48%	57.24%
Selling, General & Admin	$8.400M	$6.900M
YoY Change	21.74%	15.0%
% of Gross Profit	4.76%	4.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$122.4M	$90.57M
YoY Change	35.17%	-5.13%
% of Gross Profit	69.32%	59.82%
Operating Expenses	$129.0M	$95.60M
YoY Change	34.94%	2.8%
Operating Profit	$47.60M	$55.80M
YoY Change	-14.7%	14.81%
Interest Expense	$53.29M	$46.34M
YoY Change	14.99%	-6.73%
% of Operating Profit	111.95%	83.04%
Other Income/Expense, Net	-$2.100M	-$1.800M
YoY Change	16.67%	-10.0%
Pretax Income	$25.70M	$19.50M
YoY Change	31.79%	-1.02%
Income Tax	-$935.0K	-$172.0K
% Of Pretax Income	-3.64%	-0.88%
Net Earnings	$26.67M	$19.64M
YoY Change	35.75%	-12.81%
Net Earnings / Revenue	8.38%	7.43%
Basic Earnings Per Share	$0.15	$0.13
Diluted Earnings Per Share	$0.15	$0.13
COMMON SHARES
Basic Shares Outstanding	158.3M shares	140.8M shares
Diluted Shares Outstanding	158.5M shares	140.8M shares

Balance Sheet

Concept	2015 Q1	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$118.0M	$65.00M
YoY Change	81.54%	-5.8%
Cash & Equivalents	$118.2M	$64.93M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$193.0M	$129.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$311.0M	$194.0M
YoY Change	60.31%	-3.0%
LONG-TERM ASSETS
Property, Plant & Equipment	$11.11B	$7.554B
YoY Change	47.09%	-4.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.007B	$724.6M
YoY Change	38.92%	-23.4%
Other Assets	$102.0M	$98.00M
YoY Change	4.08%	-22.22%
Total Long-Term Assets	$12.89B	$8.814B
YoY Change	46.19%	-7.83%
TOTAL ASSETS
Total Short-Term Assets	$311.0M	$194.0M
Total Long-Term Assets	$12.89B	$8.814B
Total Assets	$13.20B	$9.008B
YoY Change	46.49%	-7.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$115.0M	$89.00M
YoY Change	29.21%	0.0%
Accrued Expenses	$532.0M	$312.0M
YoY Change	70.51%	-4.29%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$647.0M	$401.0M
YoY Change	61.35%	-66.91%
LONG-TERM LIABILITIES
Long-Term Debt	$6.474B	$4.611B
YoY Change	40.4%	-6.11%
Other Long-Term Liabilities	$102.0M	$333.0M
YoY Change	-69.37%	17.67%
Total Long-Term Liabilities	$6.576B	$4.944B
YoY Change	33.01%	-4.81%
TOTAL LIABILITIES
Total Short-Term Liabilities	$647.0M	$401.0M
Total Long-Term Liabilities	$6.576B	$4.944B
Total Liabilities	$7.223B	$5.345B
YoY Change	35.13%	-16.56%
SHAREHOLDERS EQUITY
Retained Earnings	$510.5M	-$618.3M
YoY Change	-182.57%	-11.86%
Common Stock	$5.066B	$3.922B
YoY Change	29.17%	5.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$5.577B	$3.304B
YoY Change
Total Liabilities & Shareholders Equity	$13.20B	$9.008B
YoY Change	46.49%	-7.73%

Cashflow Statement

Concept	2015 Q1	2014 Q1
OPERATING ACTIVITIES
Net Income	$26.67M	$19.64M
YoY Change	35.75%	-12.81%
Depreciation, Depletion And Amortization	$122.4M	$90.57M
YoY Change	35.17%	-5.13%
Cash From Operating Activities	$162.1M	$97.91M
YoY Change	65.59%	-8.96%
INVESTING ACTIVITIES
Capital Expenditures	-$30.10M	-$4.800M
YoY Change	527.08%	-99.0%
Acquisitions
YoY Change
Other Investing Activities	-$119.9M	-$17.50M
YoY Change	585.14%	-172.02%
Cash From Investing Activities	-$150.0M	-$22.25M
YoY Change	574.22%	-95.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$21.14M	-$80.45M
YoY Change	-126.28%	-122.85%
NET CHANGE
Cash From Operating Activities	$162.1M	$97.91M
Cash From Investing Activities	-$150.0M	-$22.25M
Cash From Financing Activities	$21.14M	-$80.45M
Net Change In Cash	$33.25M	-$4.789M
YoY Change	-794.38%	-258.52%
FREE CASH FLOW
Cash From Operating Activities	$162.1M	$97.91M
Capital Expenditures	-$30.10M	-$4.800M
Free Cash Flow	$192.2M	$102.7M
YoY Change	87.16%	-82.55%

Facts In Submission

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CY2015Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
CY2015Q1	dei	Document Period End Date DocumentPeriodEndDate	2015-03-31
CY2015Q1	dei	Document Type DocumentType	10-Q
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CY2015Q1	us-gaap	Deferred Compensation Plan Assets DeferredCompensationPlanAssets	35946000	USD
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CY2015Q1	us-gaap	Equity Method Investment Summarized Financial Information Liabilities And Equity EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity	3149722000	USD
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CY2015Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	100224000	USD
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CY2015Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	8422000	USD
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CY2015Q1	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	6500000	USD
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CY2014Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-172000	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-935000	USD
CY2014Q1	us-gaap	Increase Decrease Due From Affiliates IncreaseDecreaseDueFromAffiliates	-1573000	USD
CY2015Q1	us-gaap	Increase Decrease Due From Affiliates IncreaseDecreaseDueFromAffiliates	-650000	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	8049000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	18318000	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-8817000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-17836000	USD
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CY2015Q1	us-gaap	Increase Decrease In Deferred Leasing Fees IncreaseDecreaseInDeferredLeasingFees	9768000	USD
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CY2015Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	450000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1536000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-4310000	USD
CY2014Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-1035000	USD
CY2015Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	1694000	USD
CY2014Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	50000	shares
CY2015Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	208000	shares
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CY2015Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	2629000	USD
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CY2014Q1	us-gaap	Interest Expense Other InterestExpenseOther	42630000	USD
CY2015Q1	us-gaap	Interest Expense Other InterestExpenseOther	50557000	USD
CY2014Q1	us-gaap	Interest Paid Net InterestPaidNet	47958000	USD
CY2015Q1	us-gaap	Land Land	2259288000	USD
CY2014Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	18388000	USD
CY2015Q1	us-gaap	Interest Paid Net InterestPaidNet	60102000	USD
CY2014Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	9479337000	USD
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CY2015Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	50000000	USD
CY2014Q1	us-gaap	Liquidation Basis Of Accounting Remeasurement Gain Loss On Asset LiquidationBasisOfAccountingRemeasurementGainLossOnAsset	0	USD
CY2015Q1	us-gaap	Liquidation Basis Of Accounting Remeasurement Gain Loss On Asset LiquidationBasisOfAccountingRemeasurementGainLossOnAsset	22103000	USD
CY2014Q4	us-gaap	Minority Interest MinorityInterest	399729000	USD
CY2015Q1	us-gaap	Minority Interest MinorityInterest	397028000	USD
CY2015Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	616000	USD
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CY2015Q1	us-gaap	Minority Interest Ownership Percentage By Noncontrolling Owners MinorityInterestOwnershipPercentageByNoncontrollingOwners	0.06
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-80449000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	21144000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-22251000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-150020000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	97911000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	162130000	USD
CY2014Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1825000	USD
CY2015Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	2056000	USD
CY2014Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	17819000	USD
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	24611000	USD
CY2014Q1	us-gaap	Notes Issued1 NotesIssued1	9603000	USD
CY2015Q1	us-gaap	Notes Issued1 NotesIssued1	0	USD
CY2014Q4	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	5455453000	USD
CY2015Q1	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	5538879000	USD
CY2014Q4	us-gaap	Notes Payable Related Parties Current And Noncurrent NotesPayableRelatedPartiesCurrentAndNoncurrent	289039000	USD
CY2015Q1	us-gaap	Notes Payable Related Parties Current And Noncurrent NotesPayableRelatedPartiesCurrentAndNoncurrent	286849000	USD
CY2014Q1	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	151633000	USD
CY2015Q1	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	190761000	USD
CY2014Q1	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	2668000	USD
CY2015Q1	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	2945000	USD
CY2014Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	568716000	USD
CY2015Q1	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	532170000	USD
CY2014Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	66246000	USD
CY2015Q1	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	54605000	USD
CY2014Q1	us-gaap	Other Income OtherIncome	10430000	USD
CY2015Q1	us-gaap	Other Income OtherIncome	13003000	USD
CY2014Q1	us-gaap	Owned Property Management Costs OwnedPropertyManagementCosts	22772000	USD
CY2015Q1	us-gaap	Owned Property Management Costs OwnedPropertyManagementCosts	26468000	USD
CY2014Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	95342000	USD
CY2015Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	111462000	USD
CY2014Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	550000	USD
CY2015Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	3476000	USD
CY2014Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	28566000	USD
CY2015Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	33284000	USD
CY2014Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	0	USD
CY2015Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	26250000	USD
CY2014Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	USD
CY2015Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	304000	USD
CY2014Q1	us-gaap	Payments To Acquire And Develop Real Estate PaymentsToAcquireAndDevelopRealEstate	29578000	USD
CY2015Q1	us-gaap	Payments To Acquire And Develop Real Estate PaymentsToAcquireAndDevelopRealEstate	90157000	USD
CY2014Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	4792000	USD
CY2015Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	3855000	USD
CY2014Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	203000	USD
CY2015Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	0	USD
CY2014Q1	us-gaap	Percentage Rent PercentageRent	2853000	USD
CY2015Q1	us-gaap	Percentage Rent PercentageRent	3248000	USD
CY2014Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	0	USD
CY2015Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	452000	USD
CY2014Q1	us-gaap	Proceeds From Issuance Of Long Term Debt And Capital Securities Net ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet	133982000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Long Term Debt And Capital Securities Net ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet	815671000	USD
CY2014Q1	us-gaap	Proceeds From Payments For Long Term Loans For Related Parties ProceedsFromPaymentsForLongTermLoansForRelatedParties	-618000	USD
CY2015Q1	us-gaap	Proceeds From Payments For Long Term Loans For Related Parties ProceedsFromPaymentsForLongTermLoansForRelatedParties	0	USD
CY2014Q1	us-gaap	Profit Loss ProfitLoss	19644000	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	26667000	USD
CY2014Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	372000	USD
CY2015Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1330000	USD
CY2014Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	1709992000	USD
CY2015Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	1790760000	USD
CY2014Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	12777882000	USD
CY2015Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	12901601000	USD
CY2014Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	11067890000	USD
CY2015Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	11110841000	USD
CY2014Q1	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	3708000	USD
CY2015Q1	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	2729000	USD
CY2014Q1	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	104225000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	674569000	USD
CY2014Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	13530000	USD
CY2015Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	15224000	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	596741000	USD
CY2015Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	510506000	USD
CY2014Q1	us-gaap	Revenues Revenues	264512000	USD
CY2015Q1	us-gaap	Revenues Revenues	318335000	USD
CY2014Q4	us-gaap	Secured Debt SecuredDebt	5404521000	USD
CY2015Q1	us-gaap	Secured Debt SecuredDebt	5486902000	USD
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	16505000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	14468000	USD
CY2015Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5973565000	USD
CY2014Q1	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	-1491000	USD
CY2015Q1	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	-386000	USD
CY2015Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	18815000	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	5640120000	USD
CY2015Q1	us-gaap	Stockholders Equity StockholdersEquity	5576537000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6039849000	USD
CY2014Q4	us-gaap	Tenant Improvements TenantImprovements	600436000	USD
CY2015Q1	us-gaap	Tenant Improvements TenantImprovements	612411000	USD
CY2014Q1	us-gaap	Tenant Reimbursements TenantReimbursements	91475000	USD
CY2015Q1	us-gaap	Tenant Reimbursements TenantReimbursements	105698000	USD
CY2014Q1	us-gaap	Unsolicited Tender Offer Costs UnsolicitedTenderOfferCosts	0	USD
CY2015Q1	us-gaap	Unsolicited Tender Offer Costs UnsolicitedTenderOfferCosts	13572000	USD
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	140817000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	158544000	shares
CY2014Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	140767000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	158336000	shares
CY2015Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Organization</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Macerich Company (the "Company") is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers (the "Centers") located throughout the United States.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company commenced operations effective with the completion of its initial public offering on March 16, 1994. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company was the sole general partner of and held a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">94%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in The Macerich Partnership, L.P. (the "Operating Partnership"). The Company was organized to qualify as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code").</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The property management, leasing and redevelopment of the Company's portfolio is provided by the Company's management companies, Macerich Property Management Company, LLC, a single member Delaware limited liability company, Macerich Management Company, a California corporation, Macerich Arizona Partners LLC, a single member Arizona limited liability company, Macerich Arizona Management LLC, a single member Delaware limited liability company, Macerich Partners of Colorado, LLC, a single member Colorado limited liability company, MACW Mall Management, Inc., a New York corporation, and MACW Property Management, LLC, a single member New York limited liability company. All </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">seven</font><font style="font-family:inherit;font-size:10pt;"> of the management companies are collectively referred to herein as the "Management Companies."</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All references to the Company in this Quarterly Report on Form 10-Q include the Company, those entities owned or controlled by the Company and predecessors of the Company, unless the context indicates otherwise.</font></div></div>

Files In Submission

Name	View Source	Status
0000912242-15-000009-index-headers.html	Edgar Link	pending
0000912242-15-000009-index.html	Edgar Link	pending
0000912242-15-000009.txt	Edgar Link	pending
0000912242-15-000009-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
mac-20150331.xml	Edgar Link	completed
mac-20150331.xsd	Edgar Link	pending
mac-20150331_cal.xml	Edgar Link	unprocessable
mac-20150331_def.xml	Edgar Link	unprocessable
mac-20150331_lab.xml	Edgar Link	unprocessable
mac-20150331_pre.xml	Edgar Link	unprocessable
mac-3312015x10q.htm	Edgar Link	pending
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$MAC
Macerich Co Stock $mac

2015 Q1 Form 10-Q Financial Statement

#000091224215000009 Filed on May 07, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MAC Macerich Co Stock $mac

2015 Q1 Form 10-Q Financial Statement

#000091224215000009 Filed on May 07, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MAC
Macerich Co Stock $mac