Overview Financials News + Filings
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In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Malls | 520.6 | 699.7 | 783.2 | 848.0 | 928.2 | 944.6 | 933.7 | 930.1 |
All Other | 55.2 | 69.0 | 75.4 | 79.3 | 100.0 | 110.5 | 66.9 | 63.9 |
Associated Centers | | | | | | | 41.5 | 41.7 |
Community Centers | | | | | | | 18.6 | 17.9 |
Total revenues [+] | 18.5 | 25.2 | 25.3 | 927.3 | 1,028.3 | 1,055.0 | 1,060.7 | 1,053.6 |
Other | | | | | | | | 34.7 |
Revenue growth [+] | -26.4% | -0.3% | -97.3% | -9.8% | -2.5% | -0.5% | 0.7% | 5.1% |
Malls | -25.6% | -10.7% | -7.6% | -8.6% | -1.7% | 1.2% | 0.4% | 3.2% |
All Other | -20.0% | -8.4% | -4.9% | -20.8% | -9.4% | 65.2% | 4.7% | 33.0% |
Associated Centers | | | | | | | -0.5% | 3.8% |
Community Centers | | | | | | | 3.7% | 34.2% |
Cost of goods sold [+] | 187.9 | 230.7 | 252.6 | 260.6 | 0.0 | 0.0 | 0.0 | 0.0 |
Maintenance and operations costs | -34.1 | -46.3 | -48.3 | -48.6 | | | | |
Real estate taxes and insurance | -69.7 | -75.5 | -82.3 | -83.9 | | | | |
Real estate or leased property costs | 84.1 | 108.9 | 122.0 | 128.0 | | | | |
Gross profit | -169.3 | -205.5 | -227.4 | 666.7 | 1,028.3 | 1,055.0 | 1,060.7 | 1,053.6 |
Gross margin | -913.3% | -815.6% | -900.0% | 71.9% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative [+] | 53.4 | 64.2 | 61.5 | 58.5 | 63.3 | 62.1 | 50.3 | 48.9 |
General and administrative | 53.4 | 64.2 | 61.5 | 58.5 | 63.3 | 62.1 | 50.3 | 48.9 |
Equity in earnings | -14.9 | 4.9 | 14.7 | 22.9 | 117.5 | 18.2 | 14.8 | 11.6 |
Other operating expenses | -791.9 | -1,007.8 | -1,035.7 | -222.3 | 20.3 | 27.0 | 32.3 | 28.8 |
EBITDA [+] | 554.3 | 743.1 | 761.5 | 853.5 | 1,062.1 | 984.1 | 993.0 | 987.5 |
EBITDA growth | -25.4% | -2.4% | -10.8% | -19.6% | 7.9% | -0.9% | 0.5% | 5.6% |
EBITDA margin | 2989.5% | 2949.6% | 3014.5% | 92.0% | 103.3% | 93.3% | 93.6% | 93.7% |
Depreciation | 213.6 | 253.2 | 272.1 | 285.8 | 284.0 | 286.1 | 277.3 | 259.9 |
EBITA | 340.7 | 489.8 | 489.4 | 567.7 | 778.1 | 698.0 | 715.7 | 727.7 |
EBITA margin | 1837.6% | 1944.4% | 1937.3% | 61.2% | 75.7% | 66.2% | 67.5% | 69.1% |
Amortization of intangibles | 1.5 | 4.5 | 13.3 | 13.3 | 8.7 | 12.9 | 14.0 | 19.0 |
EBIT [+] | 339.3 | 485.3 | 476.1 | 554.4 | 769.4 | 685.1 | 701.7 | 708.6 |
EBIT growth | -30.1% | 1.9% | -14.1% | -27.9% | 12.3% | -2.4% | -1.0% | 4.3% |
EBIT margin | 1829.7% | 1926.5% | 1884.7% | 59.8% | 74.8% | 64.9% | 66.2% | 67.3% |
Non-recurring items [+] | 246.5 | 301.3 | 174.5 | 77.6 | 116.8 | 105.9 | 17.9 | 70.0 |
Asset impairment | 213.4 | 239.5 | 174.5 | 71.4 | 116.8 | 105.9 | 17.9 | 70.0 |
Interest expense, net [+] | 194.3 | 203.5 | 218.2 | 217.0 | 216.3 | 229.3 | 239.8 | 231.9 |
Interest expense | 200.7 | 206.3 | 220.0 | 218.7 | 216.3 | 229.3 | 239.8 | 231.9 |
Interest income | 6.4 | 2.8 | 1.9 | 1.7 | | | | |
Other income (expense), net [+] | -250.8 | -115.4 | -181.1 | -102.8 | -436.3 | -349.8 | -444.0 | -406.7 |
Gain (loss) on investments | | 67.2 | | -6.2 | 7.5 | 16.6 | 87.9 | 2.4 |
Gain (loss) on debt retirement | 32.5 | 71.7 | | 30.9 | | 0.3 | | -9.1 |
Other | | | | | | | | -28.8 |
Pre-tax income | -352.4 | -134.9 | -97.7 | 157.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Income taxes | -16.8 | -3.2 | 1.6 | -1.9 | 2.1 | -2.9 | -4.5 | -1.3 |
Tax rate | 4.8% | 2.3% | | | | | | |
Minority interest | 19.8 | 23.7 | 19.7 | -25.4 | | | | |
Net income | -332.5 | -153.7 | -123.5 | 76.0 | 195.5 | 0.0 | 253.0 | 115.3 |
Net margin | -1793.3% | -610.0% | -488.7% | 8.2% | 19.0% | 0.0% | 23.8% | 10.9% |
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Basic EPS [+] | ($1.75) | ($0.89) | ($0.72) | $0.44 | $0.53 | $0.00 | $0.68 | $0.32 |
Growth | 97.2% | 23.8% | -261.0% | -15.8% | | -100.0% | 115.6% | -73.6% |
Diluted EPS [+] | ($1.75) | ($0.89) | ($0.72) | $0.44 | $0.53 | $0.00 | $0.68 | $0.32 |
Growth | 97.2% | 23.8% | -261.0% | -15.7% | | -100.0% | 115.6% | -73.6% |
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Dividends per share [+] | | $0.08 | $0.68 | $995.00 | | | | |
Growth | -100.0% | -88.9% | -99.9% | | | | | |
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Shares outstanding (basic) [+] | 190.3 | 173.4 | 172.5 | 171.1 | 370.5 | 370.2 | 369.9 | 363.6 |
Growth | 9.7% | 0.6% | 0.8% | -53.8% | 0.1% | 0.1% | 1.7% | 134.9% |
Shares outstanding (diluted) [+] | 190.3 | 173.4 | 172.5 | 171.1 | 370.7 | 370.3 | 369.9 | 363.6 |
Growth | 9.7% | 0.6% | 0.8% | -53.8% | 0.1% | 0.1% | 1.7% | 134.9% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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