Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.04B | $994M | $960M | $927M | $786M | $847M | $859M | $884M | $918M | $1.01B |
| Revenue growth | — | -4.6% | -3.4% | -3.4% | -15.2% | 7.8% | 1.4% | 2.9% | 3.9% | 10.4% |
| Net income | $555M | $162M | $69.0M | $96.8M | -$230M | $14.3M | -$66.1M | -$274M | -$194M | -$197M |
| Net margin | 53.3% | 16.3% | 7.2% | 10.4% | -29.3% | 1.7% | -7.7% | -31.0% | -21.1% | -19.4% |
| EPS (diluted) | $3.52 | $1.02 | $0.42 | $0.68 | -$1.58 | $0.07 | -$0.31 | -$1.28 | -$0.88 | -$0.78 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $430M | $386M | $344M | $355M | $125M | $286M | $338M | $296M | $283M | $322M |
| Share buybacks | $800M | $221M | $0.00 | $0.00 | — | — | — | — | — | — |
| Dividends paid | $779M | $444M | $454M | $475M | $180M | $143M | $186M | $159M | $161M | $188M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $94.0M | $91.0M | $103M | $100M | $465M | $112M | $100M | $94.9M | $89.9M | $280M |
| Total assets | $9.96B | $9.61B | $9.03B | $8.85B | $9.18B | $8.35B | $8.09B | $7.51B | $8.57B | $8.37B |
| Total liabilities | $5.53B | $5.64B | $5.84B | $6.02B | $6.74B | $5.17B | $5.14B | $4.99B | $5.72B | $5.84B |
| Long-term debt | — | — | — | — | $4.56B | $4.42B | $4.24B | $4.14B | $4.89B | $5.07B |
| Shareholders' equity | $4.11B | $3.68B | $2.95B | $2.63B | $2.26B | $3.05B | $2.87B | $2.45B | $2.76B | $2.45B |
| Retained earnings | -$489M | -$830M | -$1.61B | -$1.94B | -$2.34B | -$2.44B | -$2.64B | -$3.06B | -$3.41B | -$3.78B |
| Shares (wtd avg diluted) | 147M | 142M | 141M | 141M | 146M | 198M | 215M | 216M | 222M | 254M |
Every figure is extracted from MACERICH CO’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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