Macerich (MAC) FY2021 results: revenue $847 million, up 7.8% on the year
Macerich Co. (MAC) reported revenue of $847 million for fiscal 2021, the year ended 31 December 2021, up 7.8% on the year before. Net income was $14 million, and diluted earnings per share $0.07. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$847 million
+7.8% on the year
FY2014FY2021
Operating margin
-8.1%
1.6% a year earlier
FY2014FY2021
Net income
$14 million
FY2014FY2021
Diluted EPS
$0.07
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
286
125
355
+129.4%
Capital expenditure
30.5
23.1
21.1
+31.9%
Free cash flow
256
102
334
+151.6%
Free cash flow margin
30.2%
12.9%
36.0%
Cash from investing
235
-203
-112
Cash from financing
-837
446
-278
Depreciation and amortisation
324
326
338
-0.5%
Share-based compensation
14.3
13.8
12.0
+3.1%
Buybacks
n/a
n/a
0.0
Dividends paid
143
180
475
-20.2%
Dividend per share
$0.60
$1.55
$3.00
-61.3%
Diluted shares, weighted
198m
146m
141m
+35.4%
Shares outstanding at period end
215m
150m
141m
+43.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,047
2,257
2,632
+35.0%
Non-controlling interest
129
188
199
-31.3%
Debt
4,528
6,038
5,210
-25.0%
Other liabilities
641
700
813
-8.5%
Total liabilities and equity
8,346
9,184
8,854
-9.1%
Intangible assets
35.6
48.1
32.4
-26.1%
Cash and equivalents
112
465
100
-75.8%
Other assets
8,198
8,671
8,721
-5.5%
Total assets
8,346
9,184
8,854
-9.1%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.