MACERICH CO
Cash Flow History
| Fiscal Year | Operating Cash Flow | Free Cash Flow | CapEx | Share-Based Compensation |
|---|---|---|---|---|
| FY2011 | $237.3M | $237.3M | — | $12.3M |
| FY2012 | $351.3M | $351.3M | — | $12.3M |
| FY2013 | $422.0M | $422.0M | — | $24.2M |
| FY2014 | $400.7M | $400.7M | — | $29.5M |
| FY2015 | $555.0M | $555.0M | — | $28.4M |
| FY2016 | $429.5M | $429.5M | — | $33.3M |
| FY2017 | $386.4M | $386.4M | — | $30.8M |
| FY2018 | $344.3M | $344.3M | — | $27.4M |
| FY2019 | $355.2M | $355.2M | — | $12.0M |
| FY2020 | $124.8M | $124.8M | — | $13.8M |
| FY2021 | $286.4M | $286.4M | — | $14.3M |
| FY2022 | $337.5M | $337.5M | — | $17.6M |
| FY2023 | $295.5M | $295.5M | — | $13.2M |
| FY2024 | $283.4M | $283.4M | — | $12.1M |
| FY2025 | $321.6M | $321.6M | — | $18.2M |
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.