SIMON PROPERTY GROUP, INC. SPG Income Statement

Simon property group, inc. (SPG)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
REVENUE:
Lease income
1,262,232	1,356,238	1,308,908	1,298,567	1,280,058	1,347,155	1,284,674	1,258,698	1,267,893	2,549,565	861,184	851,552	846,798	874,937	842,801	822,224	818,536	832,396	788,368	768,138	753,445	771,312	740,214	728,486	722,283	632,454	690,904	674,654	777,907	386,574	759,039	746,198	702,098	706,098	664,724	649,570	644,332	672,606	605,146	580,157	571,610	607,691	570,100	567,633	571,414	567,938	566,199
Overage rent
-	-	-	-	-	-	-	-	-	-	36,634	29,764	28,204	61,253	40,089	31,250	28,916	70,651	47,433	37,029	38,957	83,768	52,502	39,160	31,674	82,867	55,115	39,077	37,699	77,336	51,170	31,427	27,680	65,067	36,653	21,980	17,142	56,668	26,265	14,477	13,211	39,123	19,806	13,493	12,500	26,295	17,836
Tenant reimbursements
-	-	-	-	-	-	-	-	-	-	386,713	380,527	378,915	377,942	378,187	367,062	371,613	367,921	373,223	364,309	340,170	344,096	350,595	342,250	325,471	291,658	320,179	307,359	338,969	178,032	342,443	330,470	306,388	315,916	294,305	285,623	281,425	298,146	274,013	255,693	255,928	277,322	268,611	257,532	258,762	266,616	259,803
Management fees and other revenues
29,166	29,174	27,976	28,248	27,544	30,780	28,784	28,541	28,181	30,399	28,946	31,367	30,547	34,276	41,721	34,478	33,400	44,793	38,568	40,027	35,078	37,081	36,396	34,142	30,607	31,816	33,613	31,814	29,729	35,438	32,294	28,347	32,287	35,010	31,249	31,259	30,492	34,310	29,980	28,349	28,568	33,365	29,988	30,055	30,651	33,350	34,879
Other income
61,962	103,203	79,670	70,371	145,232	84,091	90,563	97,820	98,108	77,180	90,161	68,338	61,299	77,558	54,370	60,366	84,250	64,860	72,545	139,607	48,585	60,863	54,987	37,944	46,987	58,126	47,066	32,089	30,754	43,125	43,671	51,624	50,516	49,246	47,429	52,429	46,483	57,988	43,871	54,890	55,754	70,679	36,427	34,899	45,165	41,395	44,230
Total revenue
1,353,360	1,488,615	1,416,554	1,397,186	1,452,834	1,462,026	1,404,021	1,385,059	1,394,182	1,416,387	1,403,638	1,361,548	1,345,763	1,425,966	1,357,168	1,315,380	1,336,715	1,380,621	1,320,137	1,349,110	1,216,235	1,297,120	1,234,694	1,181,982	1,157,022	1,096,921	1,146,877	1,084,993	1,215,058	720,505	1,228,617	1,188,066	1,118,969	1,171,337	1,074,360	1,040,861	1,019,874	1,119,718	979,275	933,566	925,071	1,028,180	924,932	903,612	918,492	935,594	922,947
EXPENSES:
Property operating
105,624	113,742	121,735	106,119	111,549	115,216	119,021	102,951	113,448	112,951	118,807	107,371	104,048	104,479	120,099	104,756	103,060	110,565	115,820	99,841	99,757	104,279	106,742	92,630	94,947	70,117	98,993	92,024	109,910	10,378	132,378	116,018	104,740	105,559	122,446	109,025	99,541	98,615	115,647	101,234	98,768	98,905	113,815	106,836	106,147	127,515	111,911
Depreciation and amortization
328,262	324,310	334,944	352,606	328,643	329,145	316,175	320,198	316,936	325,187	317,037	322,396	310,832	336,717	311,757	303,585	300,614	304,324	289,360	295,778	288,106	294,459	281,661	287,214	280,493	238,228	279,302	273,537	316,633	161,166	310,244	311,863	285,109	277,536	260,802	261,298	266,310	276,418	243,303	234,190	228,909	239,425	250,151	251,685	256,337	235,915	236,617
Real estate taxes
117,543	118,600	118,031	115,914	115,459	112,789	119,315	111,449	114,187	107,976	111,953	113,415	106,659	110,375	111,727	107,505	109,423	105,320	114,145	106,487	106,888	93,129	97,359	99,396	94,305	74,963	93,001	91,014	109,705	31,733	105,694	106,777	98,702	95,803	87,264	93,424	93,264	90,893	86,680	78,658	89,729	82,784	79,854	83,076	88,243	84,101	85,450
Repairs and maintenance
24,431	26,744	23,979	21,850	27,922	26,081	23,632	22,191	27,684	24,247	25,352	21,700	25,601	27,638	23,178	22,842	26,065	27,770	21,189	22,676	29,734	27,178	21,416	21,656	29,766	24,144	22,746	21,604	29,725	15,098	26,556	26,665	25,641	33,539	24,465	24,657	30,835	37,875	20,200	20,605	23,745	29,811	19,151	20,186	22,588	20,392	25,845
Advertising and promotion
33,527	41,216	36,583	35,420	37,125	43,262	36,688	36,491	34,800	42,415	36,006	36,496	35,948	38,896	35,695	33,172	35,038	36,127	38,756	41,215	18,756	37,529	38,359	38,149	22,619	40,628	28,455	27,552	21,259	32,048	28,114	28,549	21,098	34,383	25,773	24,958	21,888	34,641	21,435	22,282	18,836	32,010	23,226	19,823	18,506	22,942	21,739
Provision for credit losses
-	-	-	-	-	-	-	-	-	-	2,895	2,659	5,210	-542	-747	4,944	3,664	464	-361	2,685	3,847	3,367	1,769	2,442	4,423	2,528	2,398	-495	2,734	5,634	-1,180	2,906	3,545	3,325	1,501	274	1,405	5,190	-3,096	4,487	-3,451	3,319	-745	7,066	13,015	4,004	6,781
Home and regional office costs
54,370	45,217	45,865	46,467	52,560	30,583	32,714	32,316	41,064	24,244	31,451	36,476	42,979	37,867	41,606	40,326	38,607	42,363	37,204	39,346	35,903	37,577	40,753	44,958	35,288	34,910	34,171	36,956	34,894	28,907	27,057	35,104	32,858	37,584	30,525	31,453	29,056	36,615	28,640	26,744	17,315	30,316	26,899	26,670	26,163	34,322	34,844
General and administrative
6,894	7,333	8,032	10,359	9,136	10,830	12,172	10,913	12,628	11,883	13,014	13,074	14,001	19,939	15,154	15,125	14,864	15,147	14,838	15,345	14,999	15,116	14,388	15,599	14,855	15,327	14,546	15,421	14,509	14,357	14,165	14,733	13,889	14,704	14,974	8,974	7,667	5,358	5,170	5,627	5,112	4,257	4,509	5,310	4,048	5,035	5,095
Impairment charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	140,478	-	-	-
Transaction expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,418	47,585	11,269	3,700	-	-	-	-	-	-
Other
27,840	34,576	22,083	27,820	25,419	20,580	21,461	20,567	31,502	28,796	57,055	21,812	23,814	50,097	22,508	23,889	20,479	28,811	31,599	23,352	19,074	29,197	24,690	18,407	19,361	23,513	24,787	17,441	18,000	27,382	20,636	21,124	16,666	27,810	23,012	19,226	19,018	21,036	15,917	13,003	15,492	19,180	15,895	17,784	19,229	18,016	15,627
Total operating expenses
698,491	711,738	711,252	716,555	707,813	688,486	681,178	657,076	692,249	666,935	713,570	675,399	669,092	725,466	680,977	656,144	651,814	670,891	662,550	646,725	617,064	641,831	627,137	620,451	596,057	524,358	598,399	575,054	657,369	320,277	663,664	663,739	602,248	630,243	590,762	573,289	568,984	613,059	581,481	518,099	498,155	602,579	532,755	678,914	554,276	552,242	543,909
OPERATING INCOME BEFORE OTHER ITEMS
654,869	776,877	705,302	680,631	745,021	773,540	722,843	727,983	701,933	749,452	690,068	686,149	676,671	700,500	676,191	659,236	684,901	709,730	657,587	702,385	599,171	655,289	607,557	561,531	560,965	572,563	548,478	509,939	557,689	400,228	564,953	524,327	516,721	541,094	483,598	467,572	450,890	506,659	397,794	415,467	426,916	425,601	392,177	224,698	364,216	383,352	379,038
Interest expense
187,627	189,813	202,382	198,425	198,733	204,338	199,469	206,624	205,492	204,985	199,032	207,174	198,202	209,508	214,861	213,995	219,190	230,896	229,654	230,974	232,173	233,657	249,780	254,930	254,234	260,126	270,700	266,229	285,026	232,646	288,896	288,560	258,079	246,506	244,384	244,517	248,119	252,405	249,264	261,463	263,959	263,705	257,881	244,443	226,036	239,955	232,335
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-128,618	-	-	-	-	-	-	-	-	-	-	-127,573	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-185,063	0	-165,625	-	-	-	-	-	-20,330
Income and other tax benefit (expense)
-5,783	6,745	6,197	7,010	10,102	10,423	10,118	10,137	6,220	6,363	14,511	5,990	-3,521	1,052	6,325	7,115	15,186	6,730	3,658	3,420	6,362	8,007	6,589	6,626	6,863	9,686	7,700	8,959	13,193	5,845	3,904	3,963	2,003	8,890	860	703	1,142	4,888	-249	-510	202	-2,316	-238	-143	-2,523	972	627
Income from unconsolidated entities
50,465	127,657	119,706	106,542	90,444	149,988	134,408	100,828	90,026	123,058	116,110	92,017	69,085	94,344	83,374	84,990	90,626	81,517	68,221	70,196	64,872	58,301	55,631	55,764	57,078	48,276	47,563	56,310	54,231	34,265	37,129	29,132	30,353	31,676	17,120	13,821	18,621	25,192	22,533	10,614	17,582	-	4,655	5,494	5,545	17,312	-11,393
Unrealized (losses) gains in fair value of equity instruments
-19,048	-3,366	2,154	-12,317	5,317	-	-5,452	9,692	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale or disposal of assets and interests in unconsolidated entities, net
962	-	10,141	2,681	-	143,878	0	9,672	135,277	-	-	4,989	-	8,095	49,561	4,209	22,688	27,250	0	16,339	206,927	4,066	17,717	133,870	2,655	-6,543	11,071	68,068	20,767	18,104	-2,911	0	494,837	124,557	78,307	14,349	-584	-7,482	294,283	20,024	6,042	-	-	-	-	-	-
Consolidated income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	475,992	296,963	489,609	359,601	-	328,712	359,129	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations and gain on disposal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	26,022	41,502	-	38,581	41,396	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations transaction expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,163	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CONSOLIDATED NET INCOME
505,404	590,415	628,724	572,102	631,947	833,193	642,212	631,414	715,524	659,820	592,635	441,373	551,075	455,602	587,940	527,325	563,839	459,918	492,496	554,526	632,435	475,992	296,963	477,468	401,103	449,304	367,293	400,525	334,468	370,496	306,371	260,936	781,829	441,931	333,781	250,522	219,666	267,076	280,532	185,152	20,754	115,933	139,189	-14,108	146,248	159,737	114,353
Net income attributable to noncontrolling interests
66,965	79,386	83,636	75,944	82,638	119,562	85,111	83,576	94,036	87,869	78,018	58,549	72,505	60,336	82,362	71,102	82,010	66,787	71,653	80,748	92,467	70,109	44,161	70,047	58,621	66,914	54,784	59,755	50,496	54,278	50,616	44,657	135,585	78,167	58,947	44,567	39,420	48,318	49,074	33,313	5,771	17,678	27,103	123	32,951	35,644	26,436
Preferred dividends
834	835	834	834	834	835	834	834	834	835	834	834	834	835	834	834	834	835	834	834	834	835	834	834	834	835	834	834	834	835	834	834	834	835	834	834	834	835	834	-665	5,610	6,712	6,539	6,529	6,529	11,284	11,345
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
437,605	510,194	544,254	495,324	548,475	712,796	556,267	547,004	620,654	571,116	513,783	381,990	477,736	394,431	504,744	455,389	480,995	392,296	420,009	472,944	539,134	405,048	251,968	406,587	341,648	381,555	311,675	339,936	283,138	315,383	254,921	215,445	645,410	362,929	274,000	205,121	179,412	217,923	230,624	152,504	9,373	91,543	105,547	-20,760	106,768	112,809	76,572
BASIC AND DILUTED EARNINGS PER COMMON SHARE OR UNIT:
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.81	1.34	0.99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.03	0.11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders or unitholders (in dollars per share or unit)
1.43	1.66	1.77	1.60	1.78	2.30	1.80	1.77	2.00	1.83	1.65	1.23	1.53	1.26	1.61	1.45	1.55	0.00	1.36	1.52	1.73	0.00	0.81	1.31	1.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BASIC EARNINGS PER COMMON SHARE:
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.89	0.99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.11	0.11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00	1.10	0.91	-	0.84	0.71	2.18	1.24	0.93	0.70	0.61	0.76	0.79	0.52	0.03	0.31	0.38	-0.08	0.45	0.50	0.34
DILUTED EARNINGS PER COMMON SHARE:
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.89	0.99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.11	0.11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00	1.10	0.91	-	0.84	0.71	2.18	1.24	0.93	0.70	0.61	0.76	0.79	0.52	0.03	0.30	0.38	-0.08	0.45	0.50	0.34
COMPREHENSIVE INCOME
Consolidated Net Income
505,404	590,415	628,724	572,102	631,947	833,193	642,212	631,414	715,524	659,820	592,635	441,373	551,075	455,602	587,940	527,325	563,839	459,918	492,496	554,526	632,435	475,992	296,963	477,468	401,103	449,304	367,293	400,525	334,468	370,496	306,371	260,936	781,829	441,931	333,781	250,522	219,666	267,076	280,532	185,152	20,754	115,933	139,189	-14,108	146,248	159,737	114,353
Unrealized gain on derivative hedge agreements
22,473	-19,293	12,907	-7,022	9,342	1,278	5,241	21,260	-6,146	-3,716	-8,598	-21,545	-1,253	55,823	-1,256	-320	-14,775	4,667	-6,884	9,240	10,099	7,407	5,354	-8	-7,533	6,205	-4,378	-1,796	7,070	22,102	-8,555	-8,587	11,692	20,347	-93,257	-7,740	-11,283	12,446	-20,349	7,478	-3,068	-21,653	4,883	13,198	-24,427	2,838	17,266
Net (gain) loss reclassified from accumulated other comprehensive loss into earnings
480	-10,373	-1,087	-1,086	-1,088	-1,091	-1,591	-2,185	-2,153	-2,181	19,362	-2,439	-2,620	-3,885	-3,199	-3,199	-139,339	-2,901	-2,819	77,536	-2,627	-2,842	-2,673	-2,577	-2,697	-2,562	-2,566	-2,566	-1,511	-26,108	-5,187	5,138	5,115	-20,073	4,024	3,824	-3,944	27,491	-3,937	-3,945	-3,840	-25,570	3,769	3,537	3,510	6,739	-635
Currency translation adjustments
-23,604	12,805	-6,288	-3,623	-4,744	-11,241	-10,763	-38,126	13,092	2,951	12,922	16,745	13,148	-47,534	1,447	-3,492	20,933	-15,485	-6,033	-14,282	-124,512	-45,549	-74,029	4,046	13,733	-7,738	32,515	-22,960	1,048	21,574	9,138	-65,453	43,941	-13,788	-25,327	8,754	21,899	-8,121	11,041	-14,610	-8,900	-8,939	5,928	7,590	-12,823	-3,640	14,706
Changes in available-for-sale securities and other
824	-433	468	539	144	462	-22	222	-289	-591	6,787	-1,152	689	-10,183	1,313	171	11,891	2,880	8,004	-27,721	5,637	110,622	-8,487	202	479	109	-773	-631	-184	-79,690	16,573	-666	24,535	-1,606	-63,779	25,713	2,241	30,670	57,216	-46,762	-21,190	19,729	38,362	190,030	-23,427	13,185	-4,087
Comprehensive income
504,617	593,867	636,898	563,082	637,777	824,783	638,259	616,955	724,334	660,645	584,384	437,860	566,279	457,593	592,643	526,883	721,227	454,881	490,402	444,227	526,286	551,314	222,474	484,285	410,479	450,442	397,223	377,704	343,913	340,084	328,714	191,368	867,112	451,261	155,442	281,073	236,467	306,118	332,377	135,203	-8,564	130,640	184,593	193,173	82,061	165,381	142,873
Comprehensive income attributable to noncontrolling interests
66,874	79,850	84,662	74,704	83,411	118,577	84,466	81,654	95,140	88,109	76,935	58,065	74,425	60,623	82,982	72,858	104,427	66,066	71,352	65,193	77,109	81,059	33,349	71,020	59,782	67,145	59,089	56,526	51,776	49,992	56,077	33,025	150,325	79,756	28,464	49,743	42,273	54,979	57,636	24,981	882	20,315	35,549	41,041	22,177	37,681	32,282
Comprehensive income attributable to common stockholders or unitholders
437,743	514,017	552,236	488,378	554,366	706,206	553,793	535,301	629,194	572,536	507,449	379,795	491,854	396,970	509,661	454,025	616,800	388,815	419,050	379,034	449,177	470,255	189,125	413,265	350,697	383,297	338,134	321,178	292,137	290,092	272,637	158,343	716,787	371,505	126,978	231,330	194,194	251,139	274,741	110,222	-9,446	110,325	149,044	152,132	59,884	127,700	110,591
Simon Property Group, L.P.
Lease income
1,262,232	1,356,238	1,308,908	1,298,567	1,280,058	1,347,155	1,284,674	1,258,698	1,267,893	2,549,565	861,184	851,552	846,798	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Overage rent
-	-	-	-	-	-	-	-	-	-	36,634	29,764	28,204	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant reimbursements
-	-	-	-	-	-	-	-	-	-	386,713	380,527	378,915	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management fees and other revenues
29,166	29,174	27,976	28,248	27,544	30,780	28,784	28,541	28,181	30,399	28,946	31,367	30,547	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
61,962	103,203	79,670	70,371	145,232	84,091	90,563	97,820	98,108	77,180	90,161	68,338	61,299	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
1,353,360	1,488,615	1,416,554	1,397,186	1,452,834	1,462,026	1,404,021	1,385,059	1,394,182	1,416,387	1,403,638	1,361,548	1,345,763	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property operating
105,624	113,742	121,735	106,119	111,549	115,216	119,021	102,951	113,448	112,951	118,807	107,371	104,048	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
328,262	324,310	334,944	352,606	328,643	329,145	316,175	320,198	316,936	325,187	317,037	322,396	310,832	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate taxes
117,543	118,600	118,031	115,914	115,459	112,789	119,315	111,449	114,187	107,976	111,953	113,415	106,659	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repairs and maintenance
24,431	26,744	23,979	21,850	27,922	26,081	23,632	22,191	27,684	24,247	25,352	21,700	25,601	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising and promotion
33,527	41,216	36,583	35,420	37,125	43,262	36,688	36,491	34,800	42,415	36,006	36,496	35,948	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
-	-	-	-	-	-	-	-	-	-	2,895	2,659	5,210	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Home and regional office costs
54,370	45,217	45,865	46,467	52,560	30,583	32,714	32,316	41,064	24,244	31,451	36,476	42,979	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
6,894	7,333	8,032	10,359	9,136	10,830	12,172	10,913	12,628	11,883	13,014	13,074	14,001	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
27,840	34,576	22,083	27,820	25,419	20,580	21,461	20,567	31,502	28,796	57,055	21,812	23,814	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
698,491	711,738	711,252	716,555	707,813	688,486	681,178	657,076	692,249	666,935	713,570	675,399	669,092	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OPERATING INCOME BEFORE OTHER ITEMS
654,869	776,877	705,302	680,631	745,021	773,540	722,843	727,983	701,933	749,452	690,068	686,149	676,671	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
187,627	189,813	202,382	198,425	198,733	204,338	199,469	206,624	205,492	204,985	199,032	207,174	198,202	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-128,618	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income and other tax benefit (expense)
-5,783	6,745	6,197	7,010	10,102	10,423	10,118	10,137	6,220	6,363	14,511	5,990	-3,521	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from unconsolidated entities
50,465	127,657	119,706	106,542	90,444	149,988	134,408	100,828	90,026	123,058	116,110	92,017	69,085	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (losses) gains in fair value of equity instruments
-19,048	-3,366	2,154	-12,317	5,317	-	-5,452	9,692	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale or disposal of assets and interests in unconsolidated entities, net
962	-	10,141	2,681	-	143,878	0	9,672	135,277	-	-	4,989	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CONSOLIDATED NET INCOME
505,404	590,415	628,724	572,102	631,947	833,193	642,212	631,414	715,524	659,820	592,635	441,373	551,075	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests
-172	1,171	337	400	-917	10,643	497	279	-92	733	-550	74	-244	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred dividends
1,313	1,313	1,313	1,313	1,313	1,313	1,313	1,313	1,313	1,313	1,313	1,313	1,313	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
504,263	587,931	627,074	570,389	631,551	821,237	640,402	629,822	714,303	657,774	591,872	439,986	550,006	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General Partner
437,605	510,194	544,254	495,324	548,475	712,796	556,267	547,004	620,654	571,116	513,783	381,990	477,736	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Limited Partners
66,658	77,737	82,820	75,065	83,076	108,441	84,135	82,818	93,649	86,658	78,089	57,996	72,270	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders or unitholders (in dollars per share or unit)
1.43	1.66	1.77	1.60	1.78	2.30	1.80	1.77	2.00	1.83	1.65	1.23	1.53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consolidated Net Income
505,404	590,415	628,724	572,102	631,947	833,193	642,212	631,414	715,524	659,820	592,635	441,373	551,075	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on derivative hedge agreements
22,473	-19,293	12,907	-7,022	9,342	1,278	5,241	21,260	-6,146	-3,716	-8,598	-21,545	-1,253	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss reclassified from accumulated other comprehensive loss into earnings
480	-10,373	-1,087	-1,086	-1,088	-1,091	-1,591	-2,185	-2,153	-2,181	19,362	-2,439	-2,620	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Currency translation adjustments
-23,604	12,805	-6,288	-3,623	-4,744	-11,241	-10,763	-38,126	13,092	2,951	12,922	16,745	13,148	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in available-for-sale securities and other
824	-433	468	539	144	462	-22	222	-289	-591	6,787	-1,152	689	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
504,617	593,867	636,898	563,082	637,777	824,783	638,259	616,955	724,334	660,645	584,384	437,860	566,279	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income attributable to noncontrolling interests
436	514	333	427	148	6,848	318	218	527	703	316	397	675	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income attributable to common stockholders or unitholders
504,181	593,353	636,565	562,655	637,629	817,935	637,941	616,737	723,807	659,942	584,068	437,463	565,604	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-