MACERICH CO
Cash Flow Statement
| Line Item | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 | Dec 2019 | Sep 2019 | Jun 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-63.6M | $-190.4M | $-22.2M | $-26.7M | $8.7M | $26.9M | $50.0M | $13.9M |
| Depreciation & Amortization | $80.8M | — | $78.6M | $80.3M | $83.8M | — | $82.8M | $82.4M |
| Depreciation | $71.7M | — | $71.3M | $72.5M | $72.7M | — | $72.5M | $71.5M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $4.0M | — | — | — | $4.2M | — | — | — |
| Net Cash from Operating Activities | $52.2M | — | — | — | $49.7M | — | — | — |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $73.7M | — | — | — | $-41.4M | — | — | — |
| Financing Activities | ||||||||
| Dividends Paid | $26.7M | — | — | — | $114.7M | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $542.5M | — | — | — | $540.6M | — | — | — |
| Net Change in Cash | $668.4M | — | — | — | $548.9M | — | — | — |
| Free Cash Flow | — | — | — | — | — | — | — | — |
Mimicking the herd invites regression to the mean (merely average performance).