The Macerich Company
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $993.7M | $1.04B | $1.29B | $1.11B | $1.03B | $797.5M | $684.7M | $711.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $28.2M | $28.2M | $29.9M | $29.4M | $27.8M | $20.4M | $21.1M | $20.7M |
| Operating Income | $62.9M | $96.7M | $86.0M | $55.0M | $25.5M | $-2.4M | $-33.5M | $-44.3M |
| Operating Margin | 6.3% | 9.3% | 6.7% | 5.0% | 2.5% | -0.3% | -4.9% | -6.2% |
| Interest Expense | $171.8M | $163.7M | $211.9M | $190.7M | $197.2M | $164.4M | $167.2M | $198.0M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $15.6M | $722.0K | $-3.2M | $-4.3M | $-1.7M | $-4.2M | $-6.1M | $-9.2M |
| Net Income | $161.7M | $554.8M | $522.9M | $1.61B | $449.0M | $366.4M | $169.1M | $25.2M |
| Net Margin | 16.3% | 53.3% | 40.6% | 145.4% | 43.6% | 45.9% | 24.7% | 3.5% |
| EPS (Basic) | $1.02 | $3.52 | $3.08 | $10.46 | $3.01 | $2.51 | $1.18 | $0.19 |
| EPS (Diluted) | $1.02 | $3.52 | $3.08 | $10.45 | $3.00 | $2.51 | $1.18 | $0.19 |
| Shares Outstanding (Basic) | 141.9M | 146.6M | 157.9M | 143.1M | 139.6M | 134.1M | 131.6M | 120.3M |
| Shares Outstanding (Diluted) | 141.9M | 146.7M | 158.1M | 143.3M | 139.7M | 134.1M | 131.6M | 120.3M |
| Dividends Per Share | $2.87 | $2.75 | $6.63 | $2.51 | $2.36 | $2.23 | $2.05 | $-2.10 |