XML 25 R5.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated Net Income $ 1,216,329 $ 795,952
Adjustments to reconcile consolidated net income to net cash provided by operating activities    
Depreciation and amortization 664,783 677,676
Loss on debt extinguishment 2,959  
(Gain) loss on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net (93,057) 6,883
Unrealized losses in fair value of equity instruments 3,177 18,846
Straight-line lease loss (income) 11,531 (3,525)
Equity in income of unconsolidated entities (363,614) (94,787)
Distributions of income from unconsolidated entities 198,737 120,643
Changes in assets and liabilities    
Tenant receivables and accrued revenue, net 259,049 (623,761)
Deferred costs and other assets (42,872) 594
Accounts payable, accrued expenses, intangibles, deferred revenues and other liabilities 20,727 (84,209)
Net cash provided by operating activities 1,877,749 814,312
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions (157,080) (107,797)
Funding of loans to related parties (1,244) (6,393)
Repayments of loans to related parties 285  
Capital expenditures, net (228,669) (337,467)
Cash impact from the consolidation of properties 5,595  
Investments in unconsolidated entities (26,768) (63,480)
Purchase of equity instruments (9,981) (24,923)
Proceeds from sales of equity instruments   30,000
Insurance proceeds for property restoration 6,400 1,058
Distributions of capital from unconsolidated entities and other 78,894 160,444
Net cash used in investing activities (332,568) (348,558)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sales of common stock and other, net of transaction costs (164) (164)
Purchase of shares related to stock grant recipients' tax withholdings (2,318) (854)
Proceeds from the special purpose acquisition company IPO, net of transaction costs 338,121  
Redemption of limited partner units (57) (16,067)
Purchase of treasury stock   (152,589)
Establishment of trust account for special purpose acquisition company (345,000)  
Distributions to noncontrolling interest holders in properties (589) (4,108)
Contributions from noncontrolling interest holders in properties 12,725 28
Preferred distributions of the Operating Partnership (957) (957)
Distributions to stockholders and preferred dividends (854,977) (646,094)
Distributions to limited partners (121,819) (98,123)
Cash paid to extinguish debt (2,959)  
Proceeds from issuance of debt, net of transaction costs 5,056,317 7,954,893
Repayments of debt (5,344,318) (4,864,992)
Net cash (used in) provided by financing activities (1,265,995) 2,170,973
INCREASE IN CASH AND CASH EQUIVALENTS 279,186 2,636,727
CASH AND CASH EQUIVALENTS, beginning of period 1,011,613 669,373
CASH AND CASH EQUIVALENTS, end of period 1,290,799 3,306,100
Simon Property Group, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated Net Income 1,216,329 795,952
Adjustments to reconcile consolidated net income to net cash provided by operating activities    
Depreciation and amortization 664,783 677,676
Loss on debt extinguishment 2,959  
(Gain) loss on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net (93,057) 6,883
Unrealized losses in fair value of equity instruments 3,177 18,846
Straight-line lease loss (income) 11,531 (3,525)
Equity in income of unconsolidated entities (363,614) (94,787)
Distributions of income from unconsolidated entities 198,737 120,643
Changes in assets and liabilities    
Tenant receivables and accrued revenue, net 259,049 (623,761)
Deferred costs and other assets (42,872) 594
Accounts payable, accrued expenses, intangibles, deferred revenues and other liabilities 20,727 (84,209)
Net cash provided by operating activities 1,877,749 814,312
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions (157,080) (107,797)
Funding of loans to related parties (1,244) (6,393)
Repayments of loans to related parties 285  
Capital expenditures, net (228,669) (337,467)
Cash impact from the consolidation of properties 5,595  
Investments in unconsolidated entities (26,768) (63,480)
Purchase of equity instruments (9,981) (24,923)
Proceeds from sales of equity instruments   30,000
Insurance proceeds for property restoration 6,400 1,058
Distributions of capital from unconsolidated entities and other 78,894 160,444
Net cash used in investing activities (332,568) (348,558)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sales of common stock and other, net of transaction costs (164) (164)
Purchase of shares related to stock grant recipients' tax withholdings (2,318) (854)
Proceeds from the special purpose acquisition company IPO, net of transaction costs 338,121  
Redemption of limited partner units (57) (16,067)
Purchase of general partner units   (152,589)
Establishment of trust account for special purpose acquisition company (345,000)  
Distributions to noncontrolling interest holders in properties (589) (4,108)
Contributions from noncontrolling interest holders in properties 12,725 28
Preferred distributions of the Operating Partnership (977,753) (745,174)
Cash paid to extinguish debt (2,959)  
Proceeds from issuance of debt, net of transaction costs 5,056,317 7,954,893
Repayments of debt (5,344,318) (4,864,992)
Net cash (used in) provided by financing activities (1,265,995) 2,170,973
INCREASE IN CASH AND CASH EQUIVALENTS 279,186 2,636,727
CASH AND CASH EQUIVALENTS, beginning of period 1,011,613 669,373
CASH AND CASH EQUIVALENTS, end of period $ 1,290,799 $ 3,306,100