← SIMON PROPERTY GROUP INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $2.5b | $2.6b | $2.7b | $5.4b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $1.8b | $1.9b | $2.4b | $2.1b | $1.1b | $2.2b | $2.1b | $2.3b | $2.4b | $4.6b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $2.1b | $2.2b | $2.8b | $2.4b | $1.3b | $2.6b | $2.5b | $2.6b | $2.7b | $5.4b | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $2.1b | — | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $295.8m | $296.9m | $382.3m | $321.6m | $164.8m | $319.1m | $312.9m | $333.9m | $358.1m | $736.5m | |
| Depreciation and amortization | $1.3b | $1.3b | $1.3b | $1.3b | $1.3b | $1.3b | $1.2b | $1.3b | $1.3b | $1.4b | |
| Amortization of Debt Issuance Costs | $21.7m | $21.7m | $21.4m | $21.5m | $23.1m | $24.8m | $26.1m | $28.7m | $32.5m | $32.3m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $1.3b | $1.3b | $1.4b | $1.6b | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $4.3m | $2.8m | $2.9m | $3.0m | $854k | $2.3m | $6.8m | $5.8m | $10.6m | $13.9m | |
| Income (Loss) from Equity Method Investments | $353.3m | $400.3m | $475.2m | $444.3m | $219.9m | $782.8m | $648.0m | $375.7m | $207.3m | $504.1m | |
| Gain (Loss) on Extinguishment of Debt | ($136.8m) | ($128.6m) | — | ($116.3m) | — | ($51.8m) | — | — | — | — | |
| Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | $20.3m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $905.8m | $974.8m | |
| Operating Lease, Lease Income | — | — | — | $5.2b | $4.3b | $4.7b | $4.9b | $5.2b | $5.4b | $5.8b | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($648.0m) | ($375.7m) | ($207.3m) | ($504.1m) | |
| Additional Financial Items | |||||||||||
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | ($8.2m) | ($19.6m) | ($8.1m) | ($61.2m) | $11.9m | ($17.4m) | $86.1m | |
| General and Administrative Expense | $65.1m | $52.0m | $46.5m | $34.9m | $22.6m | $30.3m | $35.0m | $38.5m | $44.7m | $60.9m | |
| Goodwill | $20.1m | $20.1m | $20.1m | $20.1m | $20.1m | $20.1m | $20.1m | $20.1m | $20.1m | $20.1m | |
| Provision for Loan, Lease, and Other Losses | $7.3m | $11.3m | $12.6m | — | — | — | — | — | — | — | |
| Real Estate Tax Expense | $439.0m | $440.0m | $457.7m | $468.0m | $457.1m | $459.0m | $443.2m | $441.8m | $408.6m | $451.1m | |
| Beginning Cash Position | — | — | — | — | — | — | $533.9m | $621.6m | $1.2b | $1.4b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($3.1b) | ($2.0b) | ($5.0b) | ($3.1b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($626.6m) | ($1.4b) | $1.4b | ($1.6b) | |
| Change In Account Payable | — | — | — | — | — | — | $190.1m | $245.5m | $127.2m | $44.5m | |
| Change In Other Working Capital | — | — | — | — | — | — | ($104.6m) | $24.4m | ($235.9m) | $14.6m | |
| Change In Payable | — | — | — | — | — | — | $190.1m | $245.5m | $127.2m | $44.5m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $190.1m | $245.5m | $127.2m | $44.5m | |
| Change In Receivables | — | — | — | — | — | — | $63.4m | ($11.8m) | $36.2m | ($59.8m) | |
| Change In Working Capital | — | — | — | — | — | — | $148.9m | $258.1m | ($72.5m) | ($679k) | |
| Changes In Cash | — | — | — | — | — | — | $87.7m | $547.4m | $231.4m | ($577.2m) | |
| End Cash Position | — | — | — | — | — | — | $621.6m | $1.2b | $1.4b | $823.1m | |
| Financing Cash Flow | — | — | — | — | — | — | ($3.1b) | ($2.0b) | ($5.0b) | ($3.1b) | |
| Free Cash Flow | — | — | — | — | — | — | $3.1b | $3.1b | $3.1b | $3.2b | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($121.2m) | ($362.0m) | ($451.2m) | $86.1m | |
| Investing Cash Flow | — | — | — | — | — | — | ($626.6m) | ($1.4b) | $1.4b | ($1.6b) | |
| Issuance Of Capital Stock | — | — | — | — | — | $338.1m | $0 | $0 | — | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($439.2m) | ($149.8m) | ($168.8m) | ($1.2b) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | $0 | ($2.5m) | ($7.5m) | ($5.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($769.2m) | ($737.7m) | ($658.5m) | ($418.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | $19.6m | $12.9m | $76.6m | ($2.9b) | |
| Preferred Stock Payments | — | — | — | — | — | — | $0 | ($2.5m) | ($7.5m) | ($5.0m) | |
| Purchase Of Business | — | — | — | — | — | — | ($439.2m) | ($149.8m) | ($168.8m) | ($1.2b) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($189.4m) | ($162.7m) | ($60.7m) | ($253.3m) | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $61.2m | ($11.9m) | $17.4m | $106.1m | |
| Net Cash Provided by (Used in) Operating Activities | $3.4b | $3.6b | $3.8b | $3.8b | $2.3b | $3.6b | $3.8b | $3.9b | $3.8b | $4.1b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($650.0m) | ($793.3m) | ($755.6m) | ($934.3m) | |
| Capital Expenditure Reported | $798.5m | $732.1m | $781.9m | $876.0m | $484.1m | $527.9m | ($650.0m) | ($793.3m) | ($755.6m) | ($934.3m) | |
| Payments to Acquire Investments | $38.8m | $25.0m | $21.6m | $374.2m | $33.0m | $33.6m | $66.1m | $31.7m | $241.2m | $48.7m | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | $21.0m | $0 | $46.2m | $104.8m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($40.1m) | ($727.6m) | $1.9b | $47.5m | |
| Purchase Of Investment | — | — | — | — | — | — | ($66.1m) | ($1.0b) | ($841.2m) | ($48.7m) | |
| Sale Of Investment | — | — | — | — | — | — | $26.1m | $304.1m | $2.8b | $96.2m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $21.0m | $0 | $46.2m | $104.8m | |
| Net Other Investing Changes | — | — | — | — | — | — | $9.2m | $8.4m | $31.1m | $17.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($969.0m) | ($761.5m) | ($236.5m) | ($1.1b) | ($4.0b) | ($552.8m) | ($626.6m) | ($1.4b) | $1.4b | ($1.6b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $14.9b | $11.7b | $8.0b | $13.3b | $15.2b | $9.3b | $3.4b | $3.6b | $1.1b | $3.7b | |
| Issuance Of Debt | — | — | — | — | — | — | $3.4b | $3.6b | $1.1b | $3.7b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $3.4b | $3.6b | $1.1b | $3.7b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($272.5m) | $971.3m | ($1.9b) | $390.4m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($272.5m) | $971.3m | ($1.9b) | $390.4m | |
| Repayments of Long-term Debt | $14.7b | $10.5b | $9.1b | $12.4b | $13.0b | $10.1b | $3.7b | $2.7b | $3.0b | $3.3b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($3.7b) | ($2.7b) | ($3.0b) | ($3.3b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($3.7b) | ($2.7b) | ($3.0b) | ($3.3b) | |
| Common Stock Issuance | — | — | — | — | — | $338.1m | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($189.4m) | ($160.2m) | ($53.2m) | ($248.3m) | |
| Payments for Repurchase of Common Stock | — | — | $354.1m | $359.8m | $152.6m | — | $180.4m | $140.6m | — | $226.8m | |
| Common Stock Payments | — | — | — | — | — | — | ($189.4m) | ($160.2m) | ($53.2m) | ($248.3m) | |
| Proceeds from Noncontrolling Interests | $1.5m | $382k | $161k | $139k | $220k | $20.9m | $29.7m | $9.8m | $9.8m | $6.7m | |
| Dividends Payable | — | — | — | — | $486.9m | $1.5m | $2.0m | $1.8m | $2.4m | $2.7m | |
| Cash Dividends Paid | — | — | — | — | — | — | ($2.6b) | ($2.8b) | ($3.0b) | ($3.2b) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($326.6m) | ($355.5m) | ($399.2m) | ($439.4m) | |
| Dividend Received CFO | — | — | — | — | — | — | $561.6m | $458.7m | $362.7m | $445.9m | |
| Dividends Received CFI | — | — | — | — | — | — | $472.5m | $299.1m | $313.0m | $341.2m | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($2.3b) | ($2.4b) | ($2.6b) | ($2.8b) | |
| Net Other Financing Charges | — | — | — | — | — | — | $1.9m | ($32.1m) | ($11.2m) | ($16.7m) | |
| Net Cash Provided by (Used in) Financing Activities | ($2.5b) | ($1.9b) | ($4.5b) | ($2.6b) | $2.0b | ($3.6b) | ($3.1b) | ($2.0b) | ($5.0b) | ($3.1b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $514.3m | $669.4m | $1.0b | $533.9m | $621.6m | $1.2b | $1.4b | $823.1m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $87.7m | $547.4m | $231.4m | ($577.2m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $887.1m | $814.7m | $812.0m | $803.7m | $754.3m | $822.2m | $763.2m | $856.1m | $911.3m | $945.7m | |
| Income Taxes Paid, Net | — | — | — | — | — | $102.5m | $53.2m | $31.2m | $119.1m | $29.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.