Simon property group, inc. (SPG)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
REVENUE:
Lease income

5,243

5,158

5,109

3,358

3,142

2,962

2,775

2,593

2,664

2,429

2,316

2,291

2,154

Overage rent

-

-

-

161

194

207

214

187

140

110

84

100

110

Tenant reimbursements

-

-

-

1,494

1,445

1,362

1,258

1,157

1,177

1,083

1,062

1,065

1,023

Management fees and other revenues

112

116

121

143

158

138

126

128

128

121

124

132

113

Other income

398

370

296

276

325

200

168

188

195

212

187

192

249

Total revenue

5,755

5,645

5,527

5,435

5,266

4,870

4,543

4,256

4,306

3,957

3,775

3,783

3,650

EXPENSES:
Property operating

453

450

443

432

425

398

371

363

436

414

425

455

454

Depreciation and amortization

1,340

1,282

1,275

1,252

1,177

1,143

1,107

1,068

1,065

982

997

969

905

Real estate taxes

468

457

440

439

432

384

368

342

369

345

333

334

313

Repairs and maintenance

100

99

96

99

101

100

98

93

113

102

91

107

120

Advertising and promotion

150

151

150

142

134

136

117

109

107

97

93

96

94

Provision for credit losses

-

-

-

7

6

12

7

10

6

3

22

24

9

Home and regional office costs

190

136

135

158

154

158

140

123

128

109

110

144

136

General and administrative

34

46

51

65

60

59

59

57

46

21

18

20

19

Impairment charge

-

-

-

-

-

-

-

-

-

-

197

16

-

Transaction expenses

-

-

-

-

-

-

-

-

-

68

5

-

-

Marketable and non-marketable securities charges and realized gains, net

-

-

-

-

-

-

-

6

-

-

-

-

-

Other

109

94

131

116

102

91

83

85

89

65

72

69

62

Total operating expenses

2,847

2,718

2,724

2,714

2,597

2,485

2,355

2,249

2,363

2,210

2,368

2,240

2,116

OPERATING INCOME BEFORE OTHER ITEMS

2,907

2,926

2,802

2,720

2,668

2,385

2,188

2,006

1,943

1,746

1,406

1,543

1,534

Interest expense

789

815

809

857

923

992

1,082

1,068

983

1,027

992

947

945

Loss on extinguishment of debt

-116

-

-128

-136

-120

-127

-

-

-

-350

-

-20

-

Income and other tax benefit (expense)

30

36

23

29

20

28

39

15

11

4

-5

3

-11

Income from unconsolidated entities

444

475

400

353

284

226

206

130

81

75

-

32

38

Unrealized (losses) gains in fair value of equity instruments

-8

-15

-

-

-

-

-

-

-

-

-

-

-

Gain on sale or disposal of assets and interests in unconsolidated entities, net

14

288

3

84

250

158

93

510

216

312

-30

-

92

Consolidated income from continuing operations

-

-

-

-

-

1,622

1,366

1,563

-

-

-

599

674

Discontinued operations and gain on disposal

-

-

-

-

-

67

184

156

-

-

-

-0

-0

Discontinued operations transaction expenses

-

-

-

-

-

38

-

-

-

-

-

-

-

Loss on sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-35

CONSOLIDATED NET INCOME

2,423

2,822

2,244

2,134

2,139

1,651

1,551

1,719

1,245

753

387

599

639

Net income attributable to noncontrolling interests

321

382

296

295

311

242

231

285

221

136

77

135

147

Preferred dividends

3

3

3

3

3

3

3

3

3

6

26

41

55

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

2,098

2,436

1,944

1,835

1,824

1,405

1,316

1,431

1,021

610

283

422

436

BASIC AND DILUTED EARNINGS PER COMMON SHARE OR UNIT:
Income from continuing operations (in dollars per share)

-

-

-

-

-

4.44

3.73

4.29

-

-

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

0.08

0.51

0.43

-

-

-

-

-

Net income attributable to common stockholders or unitholders (in dollars per share or unit)

6.81

7.87

6.24

5.87

5.88

4.52

4.24

4.72

-

-

-

-

-

BASIC EARNINGS PER COMMON SHARE:
Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

2.09

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-0.13

Net income attributable to common stockholders (in dollars per share)

-

-

-

-

-

-

-

-

3.48

2.10

1.06

1.88

1.96

DILUTED EARNINGS PER COMMON SHARE:
Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

2.08

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-0.13

Net income attributable to common stockholders (in dollars per share)

-

-

-

-

-

-

-

-

3.48

2.10

1.05

1.87

1.95

COMPREHENSIVE INCOME
Consolidated Net Income

2,423

2,822

2,244

2,134

2,139

1,651

1,551

1,719

1,245

753

387

599

639

Unrealized gain on derivative hedge agreements

-4

21

-35

39

17

5

7

16

-91

-3

-27

-50

-10

Net (gain) loss reclassified from accumulated other comprehensive loss into earnings

-13

-7

12

-149

69

-10

-9

-21

-16

15

-14

3

-0

Currency translation adjustments

-1

-47

45

-28

-160

-101

2

9

-8

-20

-8

-6

6

Changes in available-for-sale securities and other

0

0

5

3

-11

102

-1

-39

-37

19

224

-168

2

Comprehensive income

2,431

2,804

2,249

2,298

1,915

1,668

1,569

1,727

1,124

765

590

369

637

Comprehensive income attributable to noncontrolling interests

322

379

297

320

279

245

234

289

200

138

119

89

147

Comprehensive income attributable to common stockholders or unitholders

2,108

2,424

1,951

1,977

1,636

1,423

1,334

1,437

924

626

471

280

490

Impairment charge from investments in unconsolidated entities

-

-

-

-

-

-

-

-

-

-

42

4

55

Simon Property Group, L.P.
Lease income

5,243

5,158

5,109

3,358

3,142

2,962

-

-

-

-

-

-

-

Overage rent

-

-

-

161

194

207

-

-

-

-

-

-

-

Tenant reimbursements

-

-

-

1,494

1,445

1,362

-

-

-

-

-

-

-

Management fees and other revenues

112

116

121

143

158

138

-

-

-

-

-

-

-

Other income

398

370

296

276

325

200

-

-

-

-

-

-

-

Total revenue

5,755

5,645

5,527

5,435

5,266

4,870

-

-

-

-

-

-

-

Property operating

453

450

443

432

425

398

-

-

-

-

-

-

-

Depreciation and amortization

1,340

1,282

1,275

1,252

1,177

1,143

-

-

-

-

-

-

-

Real estate taxes

468

457

440

439

432

384

-

-

-

-

-

-

-

Repairs and maintenance

100

99

96

99

101

100

-

-

-

-

-

-

-

Advertising and promotion

150

151

150

142

134

136

-

-

-

-

-

-

-

Provision for credit losses

-

-

-

7

6

12

-

-

-

-

-

-

-

Home and regional office costs

190

136

135

158

154

158

-

-

-

-

-

-

-

General and administrative

34

46

51

65

60

59

-

-

-

-

-

-

-

Other

109

94

131

116

102

91

-

-

-

-

-

-

-

Total operating expenses

2,847

2,718

2,724

2,714

2,597

2,485

-

-

-

-

-

-

-

OPERATING INCOME BEFORE OTHER ITEMS

2,907

2,926

2,802

2,720

2,668

2,385

-

-

-

-

-

-

-

Interest expense

789

815

809

857

923

992

-

-

-

-

-

-

-

Loss on extinguishment of debt

-116

-

-128

-136

-120

-127

-

-

-

-

-

-

-

Income and other tax benefit (expense)

30

36

23

29

20

28

-

-

-

-

-

-

-

Income from unconsolidated entities

444

475

400

353

284

226

-

-

-

-

-

-

-

Unrealized (losses) gains in fair value of equity instruments

-8

-15

-

-

-

-

-

-

-

-

-

-

-

Gain on sale or disposal of assets and interests in unconsolidated entities, net

14

288

3

84

250

158

-

-

-

-

-

-

-

CONSOLIDATED NET INCOME

2,423

2,822

2,244

2,134

2,139

1,651

-

-

-

-

-

-

-

Net income attributable to noncontrolling interests

0

11

0

7

2

2

-

-

-

-

-

-

-

Preferred dividends

5

5

5

5

5

5

-

-

-

-

-

-

-

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

2,416

2,805

2,239

2,122

2,131

1,643

-

-

-

-

-

-

-

General Partner

2,098

2,436

1,944

1,835

1,824

1,405

-

-

-

-

-

-

-

Limited Partners

318

369

295

286

306

238

-

-

-

-

-

-

-

Net income attributable to common stockholders or unitholders (in dollars per share or unit)

6.81

7.87

6.24

5.87

5.88

4.52

-

-

-

-

-

-

-

Consolidated Net Income

2,423

2,822

2,244

2,134

2,139

1,651

-

-

-

-

-

-

-

Unrealized gain on derivative hedge agreements

-4

21

-35

39

17

5

-

-

-

-

-

-

-

Net (gain) loss reclassified from accumulated other comprehensive loss into earnings

-13

-7

12

-149

69

-10

-

-

-

-

-

-

-

Currency translation adjustments

-1

-47

45

-28

-160

-101

-

-

-

-

-

-

-

Changes in available-for-sale securities and other

0

0

5

3

-11

102

-

-

-

-

-

-

-

Comprehensive income

2,431

2,804

2,249

2,298

1,915

1,668

-

-

-

-

-

-

-

Comprehensive income attributable to noncontrolling interests

1

7

2

2

2

2

-

-

-

-

-

-

-

Comprehensive income attributable to common stockholders or unitholders

2,430

2,796

2,247

2,295

1,912

1,666

-

-

-

-

-

-

-

Simon Property Group L.P.
Consolidated income from continuing operations

-

-

-

-

-

1,622

-

-

-

-

-

-

-

Discontinued operations and gain on disposal

-

-

-

-

-

67

-

-

-

-

-

-

-

Discontinued operations transaction expenses

-

-

-

-

-

38

-

-

-

-

-

-

-

Income from continuing operations (in dollars per share)

-

-

-

-

-

4.44

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

0.08

-

-

-

-

-

-

-