XML 24 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated Net Income $ 1,679,637 $ 1,994,977
Adjustments to reconcile consolidated net income to net cash provided by operating activities    
Depreciation and amortization 955,767 985,116
Loss on debt extinguishment   31,552
Gain on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities, and impairment, net (879) (201,600)
Gain on exchange of equity interests   (159,828)
Unrealized losses in fair value of equity instruments 63,412 8,121
Straight-line lease loss 21,451 19,014
Equity in income of unconsolidated entities (434,343) (562,138)
Distributions of income from unconsolidated entities 459,366 319,041
Changes in assets and liabilities    
Tenant receivables and accrued revenue, net 77,842 260,470
Deferred costs and other assets (77,339) (51,079)
Accounts payable, accrued expenses, intangibles, deferred revenues and other 89,548 108,825
Net cash provided by operating activities 2,834,462 2,752,471
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions (29,988) (157,080)
Funding of loans to related parties (132,857) (15,419)
Repayments of loans to related parties 79,631 8,381
Capital expenditures, net (465,387) (419,477)
Cash impact from the consolidation of properties 20,988 5,595
Net proceeds from sale of assets 59,511  
Investments in unconsolidated entities (235,510) (48,156)
Purchase of equity instruments (63,653) (16,769)
Proceeds from sales of equity instruments 26,086  
Insurance proceeds for property restoration   7,030
Distributions of capital from unconsolidated entities and other 377,089 137,031
Net cash used in investing activities (364,090) (498,864)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sales of common stock and other, net of transaction costs (246) (246)
Purchase of shares related to stock grant recipients' tax withholdings (6,788) (2,318)
Redemption of limited partner units (1,758) (57)
Purchase of treasury stock (180,387)  
Proceeds from the special purpose acquisition company IPO, net of transaction costs   338,121
Establishment of trust account for special purpose acquisition company   (345,000)
Distributions to noncontrolling interest holders in properties (14,544) (1,640)
Contributions from noncontrolling interest holders in properties 29,681 16,736
Preferred distributions of the Operating Partnership (1,436) (1,436)
Distributions to stockholders and preferred dividends (1,675,618) (1,809,156)
Distributions to limited partners (241,348) (258,995)
Cash paid to extinguish debt   (30,009)
Proceeds from issuance of debt, net of transaction costs 2,540,779 7,353,120
Repayments of debt (2,851,123) (8,085,917)
Net cash used in financing activities (2,402,788) (2,826,797)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 67,584 (573,190)
CASH AND CASH EQUIVALENTS, beginning of period 533,936 1,011,613
CASH AND CASH EQUIVALENTS, end of period 601,520 438,423
Simon Property Group, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated Net Income 1,679,637 1,994,977
Adjustments to reconcile consolidated net income to net cash provided by operating activities    
Depreciation and amortization 955,767 985,116
Loss on debt extinguishment   31,552
Gain on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities, and impairment, net (879) (201,600)
Gain on exchange of equity interests   (159,828)
Unrealized losses in fair value of equity instruments 63,412 8,121
Straight-line lease loss 21,451 19,014
Equity in income of unconsolidated entities (434,343) (562,138)
Distributions of income from unconsolidated entities 459,366 319,041
Changes in assets and liabilities    
Tenant receivables and accrued revenue, net 77,842 260,470
Deferred costs and other assets (77,339) (51,079)
Accounts payable, accrued expenses, intangibles, deferred revenues and other 89,548 108,825
Net cash provided by operating activities 2,834,462 2,752,471
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions (29,988) (157,080)
Funding of loans to related parties (132,857) (15,419)
Repayments of loans to related parties 79,631 8,381
Capital expenditures, net (465,387) (419,477)
Cash impact from the consolidation of properties 20,988 5,595
Net proceeds from sale of assets 59,511  
Investments in unconsolidated entities (235,510) (48,156)
Purchase of equity instruments (63,653) (16,769)
Proceeds from sales of equity instruments 26,086  
Insurance proceeds for property restoration   7,030
Distributions of capital from unconsolidated entities and other 377,089 137,031
Net cash used in investing activities (364,090) (498,864)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sales of common stock and other, net of transaction costs (246) (246)
Purchase of shares related to stock grant recipients' tax withholdings (6,788) (2,318)
Redemption of limited partner units (1,758) (57)
Purchase of general partner units (180,387)  
Proceeds from the special purpose acquisition company IPO, net of transaction costs   338,121
Establishment of trust account for special purpose acquisition company   (345,000)
Distributions to noncontrolling interest holders in properties (14,544) (1,640)
Contributions from noncontrolling interest holders in properties 29,681 16,736
Preferred distributions of the Operating Partnership (1,918,402) (2,069,587)
Cash paid to extinguish debt   (30,009)
Proceeds from issuance of debt, net of transaction costs 2,540,779 7,353,120
Repayments of debt (2,851,123) (8,085,917)
Net cash used in financing activities (2,402,788) (2,826,797)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 67,584 (573,190)
CASH AND CASH EQUIVALENTS, beginning of period 533,936 1,011,613
CASH AND CASH EQUIVALENTS, end of period $ 601,520 $ 438,423