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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUE:      
Minimum rent $ 3,488,522 $ 3,440,009 $ 3,358,498
Overage rent 162,189 147,471 161,508
Tenant reimbursements 1,520,340 1,532,923 1,494,804
Management fees and other revenues 116,286 121,259 143,875
Other income 370,582 296,978 276,544
Total revenue 5,657,919 5,538,640 5,435,229
EXPENSES:      
Property operating 450,636 443,177 432,394
Depreciation and amortization 1,282,454 1,275,452 1,252,673
Real estate taxes 457,740 440,003 439,030
Repairs and maintenance 99,588 96,900 99,723
Advertising and promotion 151,241 150,865 142,801
Provision for credit losses 12,631 11,304 7,319
Home and regional office costs 136,677 135,150 158,406
General and administrative 46,543 51,972 65,082
Other 109,322 131,477 116,973
Total operating expenses 2,746,832 2,736,300 2,714,401
OPERATING INCOME BEFORE OTHER ITEMS 2,911,087 2,802,340 2,720,828
Interest expense (815,923) (809,393) (857,554)
Loss on extinguishment of debt   (128,618) (136,777)
Income and other taxes (36,898) (23,343) (29,678)
Income from unconsolidated entities 475,250 400,270 353,334
Gain upon acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net 288,827 3,647 84,553
CONSOLIDATED NET INCOME 2,822,343 2,244,903 2,134,706
Net income attributable to noncontrolling interests 382,285 296,941 295,810
Preferred dividends 3,337 3,337 3,337
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS or UNITHOLDERS $ 2,436,721 $ 1,944,625 $ 1,835,559
BASIC AND DILUTED EARNINGS PER COMMON SHARE or UNIT:      
Net income attributable to common stockholders or unitholders (in dollars per share or unit) $ 7.87 $ 6.24 $ 5.87
Consolidated Net Income $ 2,822,343 $ 2,244,903 $ 2,134,706
Unrealized gain (loss) on derivative hedge agreements 21,633 (35,112) 39,472
Net loss (gain) reclassified from accumulated other comprehensive loss into earnings 7,020 (12,122) 149,622
Currency translation adjustments (47,038) 45,766 (28,646)
Changes in available-for-sale securities and other 373 5,733 3,192
Comprehensive income 2,804,331 2,249,168 2,298,346
Comprehensive income attributable to noncontrolling interests 379,837 297,534 320,890
Comprehensive income attributable to common stockholders or unitholders 2,424,494 1,951,634 1,977,456
Simon Property Group, L.P.      
REVENUE:      
Minimum rent 3,488,522 3,440,009 3,358,498
Overage rent 162,189 147,471 161,508
Tenant reimbursements 1,520,340 1,532,923 1,494,804
Management fees and other revenues 116,286 121,259 143,875
Other income 370,582 296,978 276,544
Total revenue 5,657,919 5,538,640 5,435,229
EXPENSES:      
Property operating 450,636 443,177 432,394
Depreciation and amortization 1,282,454 1,275,452 1,252,673
Real estate taxes 457,740 440,003 439,030
Repairs and maintenance 99,588 96,900 99,723
Advertising and promotion 151,241 150,865 142,801
Provision for credit losses 12,631 11,304 7,319
Home and regional office costs 136,677 135,150 158,406
General and administrative 46,543 51,972 65,082
Other 109,322 131,477 116,973
Total operating expenses 2,746,832 2,736,300 2,714,401
OPERATING INCOME BEFORE OTHER ITEMS 2,911,087 2,802,340 2,720,828
Interest expense (815,923) (809,393) (857,554)
Loss on extinguishment of debt   (128,618) (136,777)
Income and other taxes (36,898) (23,343) (29,678)
Income from unconsolidated entities 475,250 400,270 353,334
Gain upon acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net 288,827 3,647 84,553
CONSOLIDATED NET INCOME 2,822,343 2,244,903 2,134,706
Net income attributable to noncontrolling interests 11,327 13 7,218
Preferred dividends 5,252 5,252 5,252
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS or UNITHOLDERS 2,805,764 2,239,638 2,122,236
NET INCOME ATTRIBUTABLE TO UNITHOLDERS ATTRIBUTABLE TO:      
General Partner 2,436,721 1,944,625 1,835,559
Limited Partners $ 369,043 $ 295,013 $ 286,677
BASIC AND DILUTED EARNINGS PER COMMON SHARE or UNIT:      
Net income attributable to common stockholders or unitholders (in dollars per share or unit) $ 7.87 $ 6.24 $ 5.87
Consolidated Net Income $ 2,822,343 $ 2,244,903 $ 2,134,706
Unrealized gain (loss) on derivative hedge agreements 21,633 (35,112) 39,472
Net loss (gain) reclassified from accumulated other comprehensive loss into earnings 7,020 (12,122) 149,622
Currency translation adjustments (47,038) 45,766 (28,646)
Changes in available-for-sale securities and other 373 5,733 3,192
Comprehensive income 2,804,331 2,249,168 2,298,346
Comprehensive income attributable to noncontrolling interests 7,911 2,091 2,917
Comprehensive income attributable to common stockholders or unitholders $ 2,796,420 $ 2,247,077 $ 2,295,429