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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUE:      
Lease income $ 5,243,771    
Lease income   $ 5,158,420 $ 5,109,099
Management fees and other revenues 112,942 116,286 121,259
Other income 398,476 370,582 296,978
Total revenue 5,755,189 5,645,288 5,527,336
EXPENSES:      
Property operating 453,145 450,636 443,177
Depreciation and amortization 1,340,503 1,282,454 1,275,452
Real estate taxes 468,004 457,740 440,003
Repairs and maintenance 100,495 99,588 96,900
Advertising and promotion 150,344 151,241 150,865
Home and regional office costs 190,109 136,677 135,150
General and administrative 34,860 46,543 51,972
Other 109,898 94,110 131,477
Total operating expenses 2,847,358 2,718,989 2,724,996
OPERATING INCOME BEFORE OTHER ITEMS 2,907,831 2,926,299 2,802,340
Interest expense (789,353) (815,923) (809,393)
Loss on extinguishment of debt (116,256)   (128,618)
Income and other taxes (30,054) (36,898) (23,343)
Income from unconsolidated entities 444,349 475,250 400,270
Unrealized losses in fair value of equity instruments (8,212) (15,212)  
Gain on sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net 14,883 288,827 3,647
CONSOLIDATED NET INCOME 2,423,188 2,822,343 2,244,903
Net income attributable to noncontrolling interests 321,604 382,285 296,941
Preferred dividends 3,337 3,337 3,337
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 2,098,247 $ 2,436,721 $ 1,944,625
BASIC AND DILUTED EARNINGS PER COMMON SHARE or UNIT:      
Net income attributable to common stockholders or unitholders (in dollars per share or unit) $ 6.81 $ 7.87 $ 6.24
Consolidated Net Income $ 2,423,188 $ 2,822,343 $ 2,244,903
Unrealized (loss) gain on derivative hedge agreements (4,066) 21,633 (35,112)
Net loss (gain) reclassified from accumulated other comprehensive loss into earnings 13,634 7,020 (12,122)
Currency translation adjustments (1,850) (47,038) 45,766
Changes in available-for-sale securities and other 718 373 5,733
Comprehensive income 2,431,624 2,804,331 2,249,168
Comprehensive income attributable to noncontrolling interests 322,627 379,837 297,534
Comprehensive income attributable to common stockholders or unitholders 2,108,997 2,424,494 1,951,634
Simon Property Group, L.P.      
REVENUE:      
Lease income 5,243,771    
Lease income   5,158,420 5,109,099
Management fees and other revenues 112,942 116,286 121,259
Other income 398,476 370,582 296,978
Total revenue 5,755,189 5,645,288 5,527,336
EXPENSES:      
Property operating 453,145 450,636 443,177
Depreciation and amortization 1,340,503 1,282,454 1,275,452
Real estate taxes 468,004 457,740 440,003
Repairs and maintenance 100,495 99,588 96,900
Advertising and promotion 150,344 151,241 150,865
Home and regional office costs 190,109 136,677 135,150
General and administrative 34,860 46,543 51,972
Other 109,898 94,110 131,477
Total operating expenses 2,847,358 2,718,989 2,724,996
OPERATING INCOME BEFORE OTHER ITEMS 2,907,831 2,926,299 2,802,340
Interest expense (789,353) (815,923) (809,393)
Loss on extinguishment of debt (116,256)   (128,618)
Income and other taxes (30,054) (36,898) (23,343)
Income from unconsolidated entities 444,349 475,250 400,270
Unrealized losses in fair value of equity instruments (8,212) (15,212)  
Gain on sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net 14,883 288,827 3,647
CONSOLIDATED NET INCOME 2,423,188 2,822,343 2,244,903
Net income attributable to noncontrolling interests 991 11,327 13
Preferred dividends 5,252 5,252 5,252
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 2,416,945 2,805,764 2,239,638
NET INCOME ATTRIBUTABLE TO UNITHOLDERS ATTRIBUTABLE TO:      
General Partner 2,098,247 2,436,721 1,944,625
Limited Partners $ 318,698 $ 369,043 $ 295,013
BASIC AND DILUTED EARNINGS PER COMMON SHARE or UNIT:      
Net income attributable to common stockholders or unitholders (in dollars per share or unit) $ 6.81 $ 7.87 $ 6.24
Consolidated Net Income $ 2,423,188 $ 2,822,343 $ 2,244,903
Unrealized (loss) gain on derivative hedge agreements (4,066) 21,633 (35,112)
Net loss (gain) reclassified from accumulated other comprehensive loss into earnings 13,634 7,020 (12,122)
Currency translation adjustments (1,850) (47,038) 45,766
Changes in available-for-sale securities and other 718 373 5,733
Comprehensive income 2,431,624 2,804,331 2,249,168
Comprehensive income attributable to noncontrolling interests 1,422 7,911 2,091
Comprehensive income attributable to common stockholders or unitholders $ 2,430,202 $ 2,796,420 $ 2,247,077