2012 Q2 Form 10-Q Financial Statement
#000104746912007728 Filed on August 03, 2012
Income Statement
Concept | 2012 Q2 | 2011 Q2 |
---|---|---|
Revenue | $185.1M | $181.3M |
YoY Change | 2.07% | 0.05% |
Cost Of Revenue | $83.30M | $80.00M |
YoY Change | 4.13% | -0.99% |
Gross Profit | $107.2M | $101.3M |
YoY Change | 5.82% | 0.8% |
Gross Profit Margin | 57.93% | 55.87% |
Selling, General & Admin | $5.700M | $3.700M |
YoY Change | 54.05% | 2.78% |
% of Gross Profit | 5.32% | 3.65% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $75.80M | $69.40M |
YoY Change | 9.22% | 9.46% |
% of Gross Profit | 70.71% | 68.51% |
Operating Expenses | $72.50M | $64.70M |
YoY Change | 12.06% | 2.7% |
Operating Profit | $34.70M | $36.60M |
YoY Change | -5.19% | -2.4% |
Interest Expense | $43.30M | $44.07M |
YoY Change | -1.75% | -221.06% |
% of Operating Profit | 124.78% | 120.4% |
Other Income/Expense, Net | -$1.300M | -$1.200M |
YoY Change | 8.33% | -40.0% |
Pretax Income | $9.300M | $17.80M |
YoY Change | -47.75% | -2077.78% |
Income Tax | -$3.075M | -$1.768M |
% Of Pretax Income | -33.06% | -9.93% |
Net Earnings | $144.5M | -$20.91M |
YoY Change | -791.23% | 5127.75% |
Net Earnings / Revenue | 78.11% | -11.53% |
Basic Earnings Per Share | $1.00 | -$0.15 |
Diluted Earnings Per Share | $1.00 | -$0.15 |
COMMON SHARES | ||
Basic Shares Outstanding | 131.7M shares | |
Diluted Shares Outstanding | 131.7M shares |
Balance Sheet
Concept | 2012 Q2 | 2011 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $90.00M | $73.00M |
YoY Change | 23.29% | -87.77% |
Cash & Equivalents | $89.80M | $73.23M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $102.0M | $92.00M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $192.0M | $165.0M |
YoY Change | 16.36% | -75.98% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $5.945B | $5.620B |
YoY Change | 5.78% | -0.62% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $1.121B | $1.231B |
YoY Change | -8.95% | 17.13% |
Other Assets | $93.00M | $133.0M |
YoY Change | -30.08% | 37.11% |
Total Long-Term Assets | $7.539B | $7.285B |
YoY Change | 3.49% | 3.32% |
TOTAL ASSETS | ||
Total Short-Term Assets | $192.0M | $165.0M |
Total Long-Term Assets | $7.539B | $7.285B |
Total Assets | $7.731B | $7.450B |
YoY Change | 3.77% | -3.72% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $58.00M | $70.00M |
YoY Change | -17.14% | 18.64% |
Accrued Expenses | $270.0M | $247.0M |
YoY Change | 9.31% | -2.76% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $764.0M | $782.0M |
YoY Change | -2.3% | 24.52% |
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $1.092B | $1.099B |
YoY Change | -0.64% | 16.79% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $3.302B | $3.097B |
YoY Change | 6.62% | -5.32% |
Other Long-Term Liabilities | $199.0M | $201.0M |
YoY Change | -1.0% | -14.1% |
Total Long-Term Liabilities | $3.501B | $3.298B |
YoY Change | 6.16% | -5.91% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.092B | $1.099B |
Total Long-Term Liabilities | $3.501B | $3.298B |
Total Liabilities | $4.593B | $4.681B |
YoY Change | -1.87% | -1.97% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $2.796B | $2.769B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $7.731B | $7.450B |
YoY Change | 3.77% | -3.72% |
Cashflow Statement
Concept | 2012 Q2 | 2011 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $144.5M | -$20.91M |
YoY Change | -791.23% | 5127.75% |
Depreciation, Depletion And Amortization | $75.80M | $69.40M |
YoY Change | 9.22% | 9.46% |
Cash From Operating Activities | $58.40M | $48.40M |
YoY Change | 20.66% | 512.66% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$61.70M | -$55.30M |
YoY Change | 11.57% | -7012.5% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $140.9M | -$68.70M |
YoY Change | -305.09% | -354.44% |
Cash From Investing Activities | $79.20M | -$124.0M |
YoY Change | -163.87% | -546.04% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -277.1M | -39.20M |
YoY Change | 606.89% | -108.44% |
NET CHANGE | ||
Cash From Operating Activities | 58.40M | 48.40M |
Cash From Investing Activities | 79.20M | -124.0M |
Cash From Financing Activities | -277.1M | -39.20M |
Net Change In Cash | -139.5M | -114.8M |
YoY Change | 21.52% | -122.94% |
FREE CASH FLOW | ||
Cash From Operating Activities | $58.40M | $48.40M |
Capital Expenditures | -$61.70M | -$55.30M |
Free Cash Flow | $120.1M | $103.7M |
YoY Change | 15.81% | 1360.56% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Entity Registrant Name
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|
MACERICH CO | ||
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Document Type
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Cash And Cash Equivalents At Carrying Value
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Restricted Cash And Cash Equivalents At Carrying Value
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Equity Method Investment Summarized Financial Information Other Assets
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Deferred Gain On Sale Of Property
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Liabilities
Liabilities
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Commitments And Contingencies
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Liabilities
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Other Income
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Entity Current Reporting Status
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Entity Filer Category
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Income Loss From Continuing Operations Per Basic Share
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|
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Net Income Loss Available To Common Stockholders Basic
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Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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|
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131691000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
131136000 | shares | |
CY2011Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
131691000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
131136000 | shares | |
mac |
Costs And Expenses Before Interest Total
CostsAndExpensesBeforeInterestTotal
|
332332000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
85821000 | USD | |
CY2012Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
144543000 | USD |
CY2011Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-19553000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
132819000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-14632000 | USD | |
CY2012Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
11189000 | USD |
CY2011Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-1695000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-1638000 | USD | |
CY2012Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
133354000 | USD |
CY2011Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-17858000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
119286000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-12994000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
7282000 | USD | |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
145947000 | USD | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
18237000 | USD | |
us-gaap |
Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
|
1002000 | USD | |
us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
754000 | USD | |
us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
15000 | USD | |
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.10 | ||
us-gaap |
Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
|
133000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
137352000 | USD | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
4573000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6574000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1517000 | USD | |
mac |
Income Loss From Co Venture Operations For Cash Flow
IncomeLossFromCoVentureOperationsForCashFlow
|
-2498000 | USD | |
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
5741000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-5100000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
5869000 | USD | |
us-gaap |
Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
|
-1330000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-3553000 | USD | |
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-19891000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
89860000 | USD | |
us-gaap |
Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
|
91268000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
672000 | USD | |
us-gaap |
Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
|
18794000 | USD | |
mac |
Distributions Of Capital From Unconsolidated Entities And Other
DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther
|
60746000 | USD | |
us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
142106000 | USD | |
us-gaap |
Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
|
364000 | USD | |
mac |
Proceeds From Sale Of Partnership Interests Other Assets And Discontinued Operations Net
ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet
|
4875000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
11021000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-197260000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
|
272000000 | USD | |
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
341036000 | USD | |
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
320000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
16999000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
145402000 | USD | |
mac |
Distributions To Co Venture Partner
DistributionsToCoVenturePartner
|
33899000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-265016000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-372416000 | USD | |
CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
445645000 | USD |
CY2011Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
73229000 | USD |
CY2011Q4 | mac |
Discount On Held To Maturity Securities
DiscountOnHeldToMaturitySecurities
|
314000 | USD |
CY2011Q4 | us-gaap |
Heldtomaturity Securities Unrecognized Holding Gain
HeldtomaturitySecuritiesUnrecognizedHoldingGain
|
1803000 | USD |
CY2011Q4 | mac |
Held To Maturity Securities Par Value
HeldToMaturitySecuritiesParValue
|
25147000 | USD |
us-gaap |
Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
|
14645000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
84977000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
56900000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
7702000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-129751000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
22549000 | USD | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>1. Organization: </b></font></p> <p style="FONT-FAMILY: times"><font size="2">        The Macerich Company (the "Company") is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers (the "Centers") located throughout the United States. </font></p> <p style="FONT-FAMILY: times"><font size="2">        The Company commenced operations effective with the completion of its initial public offering on March 16, 1994. As of June 30, 2012, the Company was the sole general partner of, and held a 93% 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></p> <p style="FONT-FAMILY: times"><font size="2">        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 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 seven of the management companies are collectively referred to herein as the "Management Companies." </font></p> <p style="FONT-FAMILY: times"><font size="2">        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></p></td></tr></table> | ||
CY2011Q4 | us-gaap |
Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
|
26636000 | USD |
us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.93 | pure | |
mac |
Number Of Real Estate Management Companies
NumberOfRealEstateManagementCompanies
|
7 | entity | |
CY2011Q2 | us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
289000 | USD |
us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
831000 | USD | |
CY2012Q2 | mac |
Net Income Loss Available To Common Stockholders After Allocation To Participating Securities Basic
NetIncomeLossAvailableToCommonStockholdersAfterAllocationToParticipatingSecuritiesBasic
|
133239000 | USD |
CY2011Q2 | mac |
Net Income Loss Available To Common Stockholders After Allocation To Participating Securities Basic
NetIncomeLossAvailableToCommonStockholdersAfterAllocationToParticipatingSecuritiesBasic
|
-19505000 | USD |
mac |
Net Income Loss Available To Common Stockholders After Allocation To Participating Securities Basic
NetIncomeLossAvailableToCommonStockholdersAfterAllocationToParticipatingSecuritiesBasic
|
118906000 | USD | |
mac |
Net Income Loss Available To Common Stockholders After Allocation To Participating Securities Basic
NetIncomeLossAvailableToCommonStockholdersAfterAllocationToParticipatingSecuritiesBasic
|
-20013000 | USD | |
CY2012Q2 | mac |
Net Income Loss Available To Common Stockholders After Allocation To Participating Securities Diluted
NetIncomeLossAvailableToCommonStockholdersAfterAllocationToParticipatingSecuritiesDiluted
|
133239000 | USD |
CY2011Q2 | mac |
Net Income Loss Available To Common Stockholders After Allocation To Participating Securities Diluted
NetIncomeLossAvailableToCommonStockholdersAfterAllocationToParticipatingSecuritiesDiluted
|
-19505000 | USD |
mac |
Net Income Loss Available To Common Stockholders After Allocation To Participating Securities Diluted
NetIncomeLossAvailableToCommonStockholdersAfterAllocationToParticipatingSecuritiesDiluted
|
118906000 | USD | |
mac |
Net Income Loss Available To Common Stockholders After Allocation To Participating Securities Diluted
NetIncomeLossAvailableToCommonStockholdersAfterAllocationToParticipatingSecuritiesDiluted
|
-20013000 | USD | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.15 | ||
CY2011Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
4797992000 | USD |
CY2011Q4 | mac |
Equity Method Investment Summarized Financial Information Secured Debt
EquityMethodInvestmentSummarizedFinancialInformationSecuredDebt
|
3896418000 | USD |
CY2011Q4 | mac |
Equity Method Investment Summarized Financial Information Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationOtherLiabilities
|
161827000 | USD |
CY2011Q4 | us-gaap |
Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
|
327461000 | USD |
CY2011Q4 | mac |
Equity Method Investment Summarized Financial Information Equity Or Capital Other Interests
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapitalOtherInterests
|
412286000 | USD |
CY2011Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
|
4797992000 | USD |
CY2011Q4 | us-gaap |
Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
|
700414000 | USD |
CY2011Q4 | mac |
Equity Method Investments Net
EquityMethodInvestmentsNet
|
1027875000 | USD |
CY2011Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
1098560000 | USD |
CY2011Q4 | mac |
Investments In Unconsolidated Joint Ventures
InvestmentsInUnconsolidatedJointVentures
|
70685000 | USD |
CY2012Q2 | mac |
Equity Method Investment Summarized Financial Information Real Estate Investment Property Net
EquityMethodInvestmentSummarizedFinancialInformationRealEstateInvestmentPropertyNet
|
4220133000 | USD |
CY2012Q2 | mac |
Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
|
450504000 | USD |
CY2012Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
4670637000 | USD |
CY2012Q2 | mac |
Equity Method Investment Summarized Financial Information Secured Debt
EquityMethodInvestmentSummarizedFinancialInformationSecuredDebt
|
3756725000 | USD |
CY2012Q2 | mac |
Equity Method Investment Summarized Financial Information Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationOtherLiabilities
|
149947000 | USD |
CY2012Q2 | us-gaap |
Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
|
356121000 | USD |
CY2012Q2 | mac |
Equity Method Investment Summarized Financial Information Equity Or Capital Other Interests
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapitalOtherInterests
|
407844000 | USD |
CY2012Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
|
4670637000 | USD |
CY2012Q2 | us-gaap |
Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
|
685498000 | USD |
CY2012Q2 | mac |
Equity Method Investments Net
EquityMethodInvestmentsNet
|
1041619000 | USD |
CY2012Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
1120832000 | USD |
CY2012Q2 | mac |
Investments In Unconsolidated Joint Ventures
InvestmentsInUnconsolidatedJointVentures
|
79213000 | USD |
CY2012Q2 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
372371000 | USD |
CY2011Q4 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
380354000 | USD |
CY2012Q2 | mac |
Guarantee Obligations Exposure Indemnified By Third Party
GuaranteeObligationsExposureIndemnifiedByThirdParty
|
178639000 | USD |
CY2011Q4 | mac |
Guarantee Obligations Exposure Indemnified By Third Party
GuaranteeObligationsExposureIndemnifiedByThirdParty
|
182638000 | USD |
mac |
Equity Method Investment Amortization Of Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentAmortizationOfDifferenceBetweenCarryingAmountAndUnderlyingEquity
|
3075000 | USD | |
mac |
Equity Method Investment Amortization Of Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentAmortizationOfDifferenceBetweenCarryingAmountAndUnderlyingEquity
|
4119000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Minimum Lease Revenue
EquityMethodInvestmentSummarizedFinancialInformationMinimumLeaseRevenue
|
310738000 | USD | |
CY2011Q4 | mac |
Minority Interest Redemption Value
MinorityInterestRedemptionValue
|
554341000 | USD |
CY2010Q4 | us-gaap |
Temporary Equity Carrying Amount
TemporaryEquityCarryingAmount
|
11366000 | USD |
CY2012Q2 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
1992000 | USD |
mac |
Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
|
106080000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Percentage Rent
EquityMethodInvestmentSummarizedFinancialInformationPercentageRent
|
8949000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Tenant Reimbursements
EquityMethodInvestmentSummarizedFinancialInformationTenantReimbursements
|
152717000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Other Revenue
EquityMethodInvestmentSummarizedFinancialInformationOtherRevenue
|
22342000 | USD | |
us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
494746000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Cost Of Real Estate Revenue
EquityMethodInvestmentSummarizedFinancialInformationCostOfRealEstateRevenue
|
177859000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
|
129020000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
|
412959000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Gain Loss On Sale And Remeasurement Of Assets
EquityMethodInvestmentSummarizedFinancialInformationGainLossOnSaleAndRemeasurementOfAssets
|
24545000 | USD | |
us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
121838000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Minimum Lease Revenue
EquityMethodInvestmentSummarizedFinancialInformationMinimumLeaseRevenue
|
273186000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Percentage Rent
EquityMethodInvestmentSummarizedFinancialInformationPercentageRent
|
8684000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Tenant Reimbursements
EquityMethodInvestmentSummarizedFinancialInformationTenantReimbursements
|
133667000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Other Revenue
EquityMethodInvestmentSummarizedFinancialInformationOtherRevenue
|
22233000 | USD | |
us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
437770000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Cost Of Real Estate Revenue
EquityMethodInvestmentSummarizedFinancialInformationCostOfRealEstateRevenue
|
154245000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
|
109011000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
|
93636000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
|
356892000 | USD | |
mac |
Equity Method Investment Summarized Financial Information Gain Loss On Sale And Remeasurement Of Assets
EquityMethodInvestmentSummarizedFinancialInformationGainLossOnSaleAndRemeasurementOfAssets
|
22966000 | USD | |
us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
103844000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
49309000 | USD | |
CY2012Q2 | us-gaap |
Land
Land
|
1227504000 | USD |
CY2012Q2 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
5226712000 | USD |
CY2012Q2 | us-gaap |
Tenant Improvements
TenantImprovements
|
439861000 | USD |
CY2012Q2 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
123271000 | USD |
CY2012Q2 | us-gaap |
Development In Process
DevelopmentInProcess
|
347882000 | USD |
CY2012Q2 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
7365230000 | USD |
CY2012Q2 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
1420223000 | USD |
CY2012Q2 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
5945007000 | USD |
CY2011Q4 | us-gaap |
Land
Land
|
1273649000 | USD |
CY2011Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
5440394000 | USD |
CY2011Q4 | us-gaap |
Tenant Improvements
TenantImprovements
|
442862000 | USD |
CY2011Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
123098000 | USD |
CY2011Q4 | us-gaap |
Development In Process
DevelopmentInProcess
|
209732000 | USD |
CY2011Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
7489735000 | USD |
CY2011Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
1410692000 | USD |
us-gaap |
Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
|
114937000 | USD | |
us-gaap |
Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
|
101660000 | USD | |
mac |
Write Off Of Development Cost
WriteOffOfDevelopmentCost
|
5242000 | USD | |
CY2012Q2 | us-gaap |
Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
|
25485000 | USD |
CY2012Q2 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
3759000 | USD |
CY2011Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
4626000 | USD |
CY2012Q2 | mac |
Held To Maturity Securities Debt Maturities Within One Year Par Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearParValue
|
1378000 | USD |
CY2012Q2 | mac |
Held To Maturity Securities Debt Maturities After One Through Five Years Par Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsParValue
|
23080000 | USD |
CY2012Q2 | mac |
Held To Maturity Securities Par Value
HeldToMaturitySecuritiesParValue
|
24458000 | USD |
CY2012Q2 | mac |
Discount On Held To Maturity Securities
DiscountOnHeldToMaturitySecurities
|
201000 | USD |
CY2012Q2 | us-gaap |
Heldtomaturity Securities Unrecognized Holding Gain
HeldtomaturitySecuritiesUnrecognizedHoldingGain
|
1228000 | USD |
CY2011Q4 | us-gaap |
Deferred Costs Leasing Gross
DeferredCostsLeasingGross
|
281340000 | USD |
CY2011Q4 | us-gaap |
Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
|
121320000 | USD |
CY2011Q4 | mac |
Finite Lived Intangible Asset Leasing Commissions And Legal Costs
FiniteLivedIntangibleAssetLeasingCommissionsAndLegalCosts
|
32242000 | USD |
CY2011Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
198596000 | USD |
CY2011Q4 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
40638000 | USD |
CY2011Q4 | mac |
Deferred Costs And Other Assets Gross
DeferredCostsAndOtherAssetsGross
|
674136000 | USD |
CY2011Q4 | mac |
Accumulated Amortization Deferred Costs And Finite Lived Intangible Assets
AccumulatedAmortizationDeferredCostsAndFiniteLivedIntangibleAssets
|
190373000 | USD |
CY2012Q2 | us-gaap |
Deferred Costs Leasing Gross
DeferredCostsLeasingGross
|
204554000 | USD |
CY2012Q2 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
34307000 | USD |
CY2012Q2 | us-gaap |
Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
|
104330000 | USD |
CY2012Q2 | mac |
Finite Lived Intangible Asset Leasing Commissions And Legal Costs
FiniteLivedIntangibleAssetLeasingCommissionsAndLegalCosts
|
28468000 | USD |
CY2012Q2 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
196446000 | USD |
CY2012Q2 | mac |
Deferred Costs And Other Assets Gross
DeferredCostsAndOtherAssetsGross
|
568105000 | USD |
CY2012Q2 | mac |
Accumulated Amortization Deferred Costs And Finite Lived Intangible Assets
AccumulatedAmortizationDeferredCostsAndFiniteLivedIntangibleAssets
|
180987000 | USD |
CY2012Q2 | mac |
Deferred Costs And Other Assets Net
DeferredCostsAndOtherAssetsNet
|
387118000 | USD |
CY2011Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
56946000 | USD |
CY2012Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
50068000 | USD |
CY2012Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
|
6553000 | USD |
CY2011Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
|
3325000 | USD |
CY2011Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
-7841000 | USD |
CY2012Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
-7362000 | USD |
CY2012Q2 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
2562000 | USD |
CY2011Q2 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
3284000 | USD |
CY2012Q2 | us-gaap |
Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
|
3444000000 | USD |
CY2011Q4 | us-gaap |
Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
|
3477483000 | USD |
CY2012Q2 | us-gaap |
Deferred Gain On Sale Of Property
DeferredGainOnSaleOfProperty
|
119576000 | USD |
CY2011 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.92 | pure |
us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
|
0.07 | pure | |
CY2011 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
|
0.08 | pure |
mac |
Minority Interest Redemption Value Basis Number Of Trading Days
MinorityInterestRedemptionValueBasisNumberOfTradingDays
|
10 | ||
CY2012Q2 | mac |
Minority Interest Redemption Value
MinorityInterestRedemptionValue
|
617038000 | USD |
CY2011Q2 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
2172000 | USD |
CY2011Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
19721000 | USD |
CY2012Q2 | us-gaap |
Construction Payable Current
ConstructionPayableCurrent
|
92060000 | USD |
CY2012Q2 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
4574000 | USD |