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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUE:      
Minimum rent $ 3,440,009 $ 3,358,498 $ 3,142,347
Overage rent 147,471 161,508 194,070
Tenant reimbursements 1,532,923 1,494,804 1,445,623
Management fees and other revenues 121,259 143,875 158,466
Other income 296,978 276,544 325,597
Total revenue 5,538,640 5,435,229 5,266,103
EXPENSES:      
Property operating 443,177 432,394 425,983
Depreciation and amortization 1,275,452 1,252,673 1,177,568
Real estate taxes 440,003 439,030 432,840
Repairs and maintenance 96,900 99,723 101,369
Advertising and promotion 150,865 142,801 134,854
Provision for credit losses 11,304 7,319 6,635
Home and regional office costs 135,150 158,406 154,816
General and administrative 51,972 65,082 60,329
Other 131,477 116,973 102,836
Total operating expenses 2,736,300 2,714,401 2,597,230
OPERATING INCOME 2,802,340 2,720,828 2,668,873
Interest expense (809,393) (857,554) (923,697)
Loss on extinguishment of debt (128,618) (136,777) (120,953)
Income and other taxes (23,343) (29,678) (20,170)
Income from unconsolidated entities 400,270 353,334 284,806
Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net 3,647 84,553 250,516
CONSOLIDATED NET INCOME 2,244,903 2,134,706 2,139,375
Net income attributable to noncontrolling interests 296,941 295,810 311,655
Preferred dividends 3,337 3,337 3,337
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS or UNITHOLDERS $ 1,944,625 $ 1,835,559 $ 1,824,383
BASIC AND DILUTED EARNINGS PER COMMON SHARE or UNIT:      
Net income attributable to common stockholders or unitholders (in dollars per share or unit) $ 6.24 $ 5.87 $ 5.88
Consolidated Net Income $ 2,244,903 $ 2,134,706 $ 2,139,375
Unrealized (loss) gain on derivative hedge agreements (35,112) 39,472 17,122
Net (gain) loss reclassified from accumulated other comprehensive loss into earnings (12,122) 149,622 (69,189)
Currency translation adjustments 45,766 (28,646) (160,312)
Changes in available-for-sale securities and other 5,733 3,192 (11,200)
Comprehensive income 2,249,168 2,298,346 1,915,796
Comprehensive income attributable to noncontrolling interests 297,534 320,890 279,720
Comprehensive income attributable to common stockholders or unitholders 1,951,634 1,977,456 1,636,076
Simon Property Group, L.P.      
REVENUE:      
Minimum rent 3,440,009 3,358,498 3,142,347
Overage rent 147,471 161,508 194,070
Tenant reimbursements 1,532,923 1,494,804 1,445,623
Management fees and other revenues 121,259 143,875 158,466
Other income 296,978 276,544 325,597
Total revenue 5,538,640 5,435,229 5,266,103
EXPENSES:      
Property operating 443,177 432,394 425,983
Depreciation and amortization 1,275,452 1,252,673 1,177,568
Real estate taxes 440,003 439,030 432,840
Repairs and maintenance 96,900 99,723 101,369
Advertising and promotion 150,865 142,801 134,854
Provision for credit losses 11,304 7,319 6,635
Home and regional office costs 135,150 158,406 154,816
General and administrative 51,972 65,082 60,329
Other 131,477 116,973 102,836
Total operating expenses 2,736,300 2,714,401 2,597,230
OPERATING INCOME 2,802,340 2,720,828 2,668,873
Interest expense (809,393) (857,554) (923,697)
Loss on extinguishment of debt (128,618) (136,777) (120,953)
Income and other taxes (23,343) (29,678) (20,170)
Income from unconsolidated entities 400,270 353,334 284,806
Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net 3,647 84,553 250,516
CONSOLIDATED NET INCOME 2,244,903 2,134,706 2,139,375
Net income attributable to noncontrolling interests 13 7,218 2,984
Preferred dividends 5,252 5,252 5,252
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS or UNITHOLDERS 2,239,638 2,122,236 2,131,139
NET INCOME ATTRIBUTABLE TO UNITHOLDERS ATTRIBUTABLE TO:      
General Partner 1,944,625 1,835,559 1,824,383
Limited Partners $ 295,013 $ 286,677 $ 306,756
BASIC AND DILUTED EARNINGS PER COMMON SHARE or UNIT:      
Net income attributable to common stockholders or unitholders (in dollars per share or unit) $ 6.24 $ 5.87 $ 5.88
Consolidated Net Income $ 2,244,903 $ 2,134,706 $ 2,139,375
Unrealized (loss) gain on derivative hedge agreements (35,112) 39,472 17,122
Net (gain) loss reclassified from accumulated other comprehensive loss into earnings (12,122) 149,622 (69,189)
Currency translation adjustments 45,766 (28,646) (160,312)
Changes in available-for-sale securities and other 5,733 3,192 (11,200)
Comprehensive income 2,249,168 2,298,346 1,915,796
Comprehensive income attributable to noncontrolling interests 2,091 2,917 2,984
Comprehensive income attributable to common stockholders or unitholders $ 2,247,077 $ 2,295,429 $ 1,912,812