$MAC
Macerich Co Stock $mac

$mac Overview Financials Valuation SEC Filings Company Website

2019 Q1 Form 10-Q Financial Statement

#000091224219000007 Filed on May 07, 2019

Income Statement

Concept	2019 Q1	2018 Q1
Revenue	$226.5M	$236.7M
YoY Change	-4.31%	-4.17%
Cost Of Revenue	$96.10M	$112.8M
YoY Change	-14.8%	8.05%
Gross Profit	$130.4M	$123.9M
YoY Change	5.25%	-13.11%
Gross Profit Margin	57.57%	52.34%
Selling, General & Admin	$7.000M	$8.000M
YoY Change	-12.5%	-5.88%
% of Gross Profit	5.37%	6.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$83.23M	$81.52M
YoY Change	2.1%	-3.58%
% of Gross Profit	63.83%	65.8%
Operating Expenses	$88.40M	$88.00M
YoY Change	0.45%	-3.93%
Operating Profit	$42.00M	$35.90M
YoY Change	16.99%	-29.61%
Interest Expense	$38.36M	$52.64M
YoY Change	-27.13%	27.44%
% of Operating Profit	91.33%	146.62%
Other Income/Expense, Net		$0.00
YoY Change		-100.0%
Pretax Income	$9.200M	-$37.30M
YoY Change	-124.66%	-152.31%
Income Tax	$346.0K	-$2.949M
% Of Pretax Income	3.76%
Net Earnings	$8.843M	-$34.38M
YoY Change	-125.72%	-145.96%
Net Earnings / Revenue	3.9%	-14.52%
Basic Earnings Per Share	$0.05	-$0.24
Diluted Earnings Per Share	$0.05	-$0.24
COMMON SHARES
Basic Shares Outstanding	141.3M shares	141.0M shares
Diluted Shares Outstanding	141.3M shares	141.1M shares

Balance Sheet

Concept	2019 Q1	2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$111.0M	$118.0M
YoY Change	-5.93%	28.26%
Cash & Equivalents	$111.0M	$118.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$120.0M	$179.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$231.0M	$297.0M
YoY Change	-22.22%	4.21%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.893B	$6.908B
YoY Change	-0.22%	-4.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.528B	$1.360B
YoY Change	12.32%	-20.47%
Other Assets	$75.00M	$224.0M
YoY Change	-66.52%	128.57%
Total Long-Term Assets	$8.772B	$8.860B
YoY Change	-1.0%	-6.01%
TOTAL ASSETS
Total Short-Term Assets	$231.0M	$297.0M
Total Long-Term Assets	$8.772B	$8.860B
Total Assets	$9.003B	$9.157B
YoY Change	-1.69%	-5.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$59.00M	$67.00M
YoY Change	-11.94%	6.35%
Accrued Expenses	$319.0M	$223.0M
YoY Change	43.05%	-29.65%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$378.0M	$290.0M
YoY Change	30.34%	-23.68%
LONG-TERM LIABILITIES
Long-Term Debt	$5.375B	$5.302B
YoY Change	1.38%	8.16%
Other Long-Term Liabilities	$164.0M	$156.0M
YoY Change	5.13%	0.65%
Total Long-Term Liabilities	$5.539B	$5.458B
YoY Change	1.48%	7.93%
TOTAL LIABILITIES
Total Short-Term Liabilities	$378.0M	$290.0M
Total Long-Term Liabilities	$5.539B	$5.458B
Total Liabilities	$5.918B	$5.749B
YoY Change	2.94%	5.71%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.715B	-$1.393B
YoY Change	23.06%	142.5%
Common Stock	$4.576B	$4.551B
YoY Change	0.55%	0.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.855B	$3.158B
YoY Change
Total Liabilities & Shareholders Equity	$9.003B	$9.157B
YoY Change	-1.69%	-5.71%

Cashflow Statement

Concept	2019 Q1	2018 Q1
OPERATING ACTIVITIES
Net Income	$8.843M	-$34.38M
YoY Change	-125.72%	-145.96%
Depreciation, Depletion And Amortization	$83.23M	$81.52M
YoY Change	2.1%	-3.58%
Cash From Operating Activities	$98.84M	$94.97M
YoY Change	4.08%	-7.53%
INVESTING ACTIVITIES
Capital Expenditures	-$8.800M	-$5.000M
YoY Change	76.0%	13.64%
Acquisitions
YoY Change
Other Investing Activities	$7.600M	$316.4M
YoY Change	-97.6%	49.6%
Cash From Investing Activities	-$1.222M	$311.4M
YoY Change	-100.39%	50.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$0.00
YoY Change		-100.0%
Debt Paid & Issued, Net	$397.4M
YoY Change
Cash From Financing Activities	-$92.84M	-$381.6M
YoY Change	-75.67%	22.49%
NET CHANGE
Cash From Operating Activities	$98.84M	$94.97M
Cash From Investing Activities	-$1.222M	$311.4M
Cash From Financing Activities	-$92.84M	-$381.6M
Net Change In Cash	$4.774M	$24.75M
YoY Change	-80.71%	-1566.92%
FREE CASH FLOW
Cash From Operating Activities	$98.84M	$94.97M
Capital Expenditures	-$8.800M	-$5.000M
Free Cash Flow	$107.6M	$99.97M
YoY Change	7.67%	-6.66%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2019Q1	dei	Document Period End Date DocumentPeriodEndDate	2019-03-31
CY2019Q1	dei	Document Type DocumentType	10-Q
CY2019Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000912242
CY2019Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	141238583	shares
CY2019Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2019Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2019Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2019Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2019Q1	dei	Entity Registrant Name EntityRegistrantName	MACERICH CO
CY2019Q1	dei	Entity Small Business EntitySmallBusiness	false
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CY2019Q1	mac	Costs And Expenses Before Interest Total CostsAndExpensesBeforeInterestTotal	184552000	USD
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CY2019Q1	us-gaap	Finance Lease Liability Payments Remainder Of Fiscal Year FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear	1699000	USD
CY2019Q1	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	1673000	USD
CY2019Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	278000	USD
CY2019Q1	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	919000	USD
CY2019Q1	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.042
CY2019Q1	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P2Y4M24D
CY2018Q4	us-gaap	Finite Lived Intangible Asset Acquired In Place Leases FiniteLivedIntangibleAssetAcquiredInPlaceLeases	94966000	USD
CY2019Q1	us-gaap	Finite Lived Intangible Asset Acquired In Place Leases FiniteLivedIntangibleAssetAcquiredInPlaceLeases	87776000	USD
CY2018Q4	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	206398000	USD
CY2019Q1	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	210709000	USD
CY2018Q1	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	-37512000	USD
CY2019Q1	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	-6316000	USD
CY2018Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2019Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-351000	USD
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CY2019Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	6961000	USD
CY2018Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	-34381000	USD
CY2019Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	8843000	USD
CY2018Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	16872000	USD
CY2019Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	12243000	USD
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2949000	USD
CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	346000	USD
CY2018Q1	us-gaap	Increase Decrease Due From Affiliates IncreaseDecreaseDueFromAffiliates	2512000	USD
CY2019Q1	us-gaap	Increase Decrease Due From Affiliates IncreaseDecreaseDueFromAffiliates	-5148000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	13239000	USD
CY2019Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	8715000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-11699000	USD
CY2019Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-16867000	USD
CY2018Q1	us-gaap	Increase Decrease In Deferred Leasing Fees IncreaseDecreaseInDeferredLeasingFees	13384000	USD
CY2019Q1	us-gaap	Increase Decrease In Deferred Leasing Fees IncreaseDecreaseInDeferredLeasingFees	8848000	USD
CY2018Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-17893000	USD
CY2019Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-18334000	USD
CY2018Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-11473000	USD
CY2019Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-9284000	USD
CY2018Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	26000	shares
CY2019Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2018Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	4331000	USD
CY2019Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	2710000	USD
CY2018Q1	us-gaap	Interest Expense InterestExpense	52635000	USD
CY2019Q1	us-gaap	Interest Expense InterestExpense	38357000	USD
CY2018Q1	us-gaap	Interest Expense Other InterestExpenseOther	42466000	USD
CY2019Q1	us-gaap	Interest Expense Other InterestExpenseOther	48804000	USD
CY2018Q1	us-gaap	Interest Paid Net InterestPaidNet	46418000	USD
CY2019Q1	us-gaap	Interest Paid Net InterestPaidNet	50650000	USD
CY2018Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	6288308000	USD
CY2019Q1	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	6292157000	USD
CY2018Q4	us-gaap	Land Land	1506678000	USD
CY2019Q1	us-gaap	Land Land	1506232000	USD
CY2019Q1	us-gaap	Lease Cost LeaseCost	5420000	USD
CY2019Q1	us-gaap	Lease Income LeaseIncome	211008000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	215072000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	140403000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	12635000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	11043000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	16855000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	16992000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	17144000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	107957000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	2661639000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received After Rolling Year Five LessorOperatingLeasePaymentsToBeReceivedAfterRollingYearFive	769564000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received Next Rolling Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextRollingTwelveMonths	502144000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received Rolling Year Five LessorOperatingLeasePaymentsToBeReceivedRollingYearFive	273412000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received Rolling Year Four LessorOperatingLeasePaymentsToBeReceivedRollingYearFour	319094000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received Rolling Year Three LessorOperatingLeasePaymentsToBeReceivedRollingYearThree	369955000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received Rolling Year Two LessorOperatingLeasePaymentsToBeReceivedRollingYearTwo	427470000	USD
CY2019Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	65814000	USD
CY2018Q4	us-gaap	Liabilities Liabilities	5838376000	USD
CY2019Q1	us-gaap	Liabilities Liabilities	5917652000	USD
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	9026808000	USD
CY2019Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	9002921000	USD
CY2018Q1	us-gaap	Liabilities Fair Value Adjustment LiabilitiesFairValueAdjustment	-4382000	USD
CY2019Q1	us-gaap	Liabilities Fair Value Adjustment LiabilitiesFairValueAdjustment	14265000	USD
CY2018Q4	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	589719000	USD
CY2019Q1	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	649719000	USD
CY2018Q4	us-gaap	Minority Interest MinorityInterest	238200000	USD
CY2019Q1	us-gaap	Minority Interest MinorityInterest	230556000	USD
CY2018Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	9075000	USD
CY2019Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	8343000	USD
CY2018Q1	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	65000	USD
CY2019Q1	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	27000	USD
CY2018Q4	us-gaap	Minority Interest Ownership Percentage By Noncontrolling Owners MinorityInterestOwnershipPercentageByNoncontrollingOwners	0.07
CY2019Q1	us-gaap	Minority Interest Ownership Percentage By Noncontrolling Owners MinorityInterestOwnershipPercentageByNoncontrollingOwners	0.07
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-381622000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-92844000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	311401000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1222000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	94968000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	98840000	USD
CY2018Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-808000	USD
CY2019Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1019000	USD
CY2018Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-33573000	USD
CY2019Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	7824000	USD
CY2018Q1	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	0	USD
CY2019Q1	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	0	USD
CY2018Q4	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	4082448000	USD
CY2019Q1	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	4209689000	USD
CY2019Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	4347000	USD
CY2018Q1	us-gaap	Operating Lease Initial Direct Cost Expense Over Term OperatingLeaseInitialDirectCostExpenseOverTerm	3334000	USD
CY2019Q1	us-gaap	Operating Lease Initial Direct Cost Expense Over Term OperatingLeaseInitialDirectCostExpenseOverTerm	7505000	USD
CY2018Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	218112000	USD
CY2019Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	211008000	USD
CY2019Q1	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	164061000	USD
CY2019Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	107115000	USD
CY2019Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	156260000	USD
CY2019Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.077
CY2019Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P30Y9M18D
CY2019Q1	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	220336000	USD
CY2019Q1	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	11390000	USD
CY2019Q1	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	17450000	USD
CY2019Q1	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	17124000	USD
CY2019Q1	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	17183000	USD
CY2019Q1	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	140562000	USD
CY2019Q1	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	16627000	USD
CY2018Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	303051000	USD
CY2019Q1	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	244649000	USD
CY2018Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	75497000	USD
CY2019Q1	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	59295000	USD
CY2019Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	965000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	61000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-2045000	USD
CY2018Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	113782000	USD
CY2019Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	114396000	USD
CY2018Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	132000	USD
CY2018Q1	us-gaap	Payments To Acquire And Develop Real Estate PaymentsToAcquireAndDevelopRealEstate	49242000	USD
CY2019Q1	us-gaap	Payments To Acquire And Develop Real Estate PaymentsToAcquireAndDevelopRealEstate	28256000	USD
CY2018Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	40990000	USD
CY2019Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	63093000	USD
CY2018Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	4968000	USD
CY2019Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	8827000	USD
CY2018Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	65000	USD
CY2019Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	27000	USD
CY2018Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	202000	USD
CY2019Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	65348000	USD
CY2018Q3	us-gaap	Proceeds From Divestiture Of Businesses ProceedsFromDivestitureOfBusinesses	142500000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Long Term Debt And Capital Securities Net ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet	120000000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Long Term Debt And Capital Securities Net ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet	425000000	USD
CY2018Q1	us-gaap	Profit Loss ProfitLoss	-34381000	USD
CY2019Q1	us-gaap	Profit Loss ProfitLoss	8843000	USD
CY2018Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1354000	USD
CY2019Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1826000	USD
CY2018Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	2093044000	USD
CY2019Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	2155448000	USD
CY2018Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	8878820000	USD
CY2019Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	8892646000	USD
CY2018Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	6785776000	USD
CY2019Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	6737198000	USD
CY2018Q1	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	387643000	USD
CY2019Q1	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	397358000	USD
CY2017Q4	us-gaap	Restricted Cash Current RestrictedCashCurrent	52067000	USD
CY2018Q1	us-gaap	Restricted Cash Current RestrictedCashCurrent	49677000	USD
CY2018Q4	us-gaap	Restricted Cash Current RestrictedCashCurrent	46590000	USD
CY2019Q1	us-gaap	Restricted Cash Current RestrictedCashCurrent	43053000	USD
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1614357000	USD
CY2019Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1714789000	USD
CY2018Q1	us-gaap	Revenues Revenues	236734000	USD
CY2019Q1	us-gaap	Revenues Revenues	226522000	USD
CY2018Q4	us-gaap	Secured Debt SecuredDebt	4073916000	USD
CY2019Q1	us-gaap	Secured Debt SecuredDebt	4162072000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	11003000	USD
CY2019Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5519000	USD
CY2018Q1	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits	0	USD
CY2018Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	13612000	USD
CY2019Q1	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits	0	USD
CY2019Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	6665000	USD
CY2017Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	500000000	USD
CY2019Q1	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	278707000	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	2950232000	USD
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	2854713000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3967999000	USD
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3408585000	USD
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3188432000	USD
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3085269000	USD
CY2018Q4	us-gaap	Tenant Improvements TenantImprovements	678110000	USD
CY2019Q1	us-gaap	Tenant Improvements TenantImprovements	682655000	USD
CY2019Q1	us-gaap	Variable Lease Income VariableLeaseIncome	46947000	USD
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	141050000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	141262000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	141024000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	141262000	shares
CY2019Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;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, 2019</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;">93%</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
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0000912242-19-000007-index.html	Edgar Link	pending
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0000912242-19-000007-xbrl.zip	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
mac-20190331.xml	Edgar Link	completed
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mac-3312019x10q.htm	Edgar Link	pending
mac-3312019xexhibit101.htm	Edgar Link	pending
mac-3312019xexhibit102.htm	Edgar Link	pending
mac-3312019xexhibit103.htm	Edgar Link	pending
mac-3312019xexhibit311.htm	Edgar Link	pending
mac-3312019xexhibit312.htm	Edgar Link	pending
mac-3312019xexhibit321.htm	Edgar Link	pending
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$MAC
Macerich Co Stock $mac

2019 Q1 Form 10-Q Financial Statement

#000091224219000007 Filed on May 07, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MAC Macerich Co Stock $mac

2019 Q1 Form 10-Q Financial Statement

#000091224219000007 Filed on May 07, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MAC
Macerich Co Stock $mac