Simon Property Group, Inc. (SPG) Financial Statements (2024 and earlier)

Company Profile

Business Address 225 WEST WASHINGTON STREET
INDIANAPOLIS, IN 46204-3438
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6956761,0547385921,482
Cash and cash equivalents6225341,0126695141,482
Short-term investments73142426878 
Total current assets:6956761,0547385921,482
Noncurrent Assets
Operating lease, right-of-use asset497504513515
Property, plant and equipment 4,0804,0754,1424,1404,0984,014
Long-term investments and receivables    4,1031,7691,935
Long-term investments    4,1031,7691,935
Intangible assets, net (including goodwill) 202020202020
Goodwill 202020202020
Total noncurrent assets:4,5974,5994,6758,7775,8875,969
Other undisclosed assets27,72028,50329,05921,71724,20624,806
TOTAL ASSETS:33,01133,77734,78731,23230,68632,258
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities29,18729,37731,12928,10126,65927,828
Total liabilities:29,18729,37731,12928,10126,65927,828
Temporary equity, carrying amount212548186219230190
Equity
Equity, attributable to parent, including:3,1393,3613,0392,5263,2973,686
Preferred stock414242424343
Treasury stock, value(2,044)(1,884)(1,891)(1,774)(1,427)(1,079)
Additional paid in capital11,23311,21311,1809,7569,7009,615
Accumulated other comprehensive loss(165)(185)(189)(119)(126)(110)
Accumulated deficit(5,927)(5,824)(6,102)(5,380)(4,893)(4,782)
Stockholders' equity note, subscriptions receivable      (15)
Other undisclosed equity, attributable to parent0000015
Equity, attributable to noncontrolling interest473492433385500553
Total equity:3,6123,8533,4722,9113,7974,239
TOTAL LIABILITIES AND EQUITY:33,01133,77734,78731,23230,68632,258

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,2915,1174,6085,7555,6585,539
Operating leases, income statement, lease revenue3,651
Revenue, net5,120
Operating lease, lease income4,9054,7374,3025,244
Cost of revenue(1,186)(1,156)(1,059)(1,212)(1,157)(1,127)
Cost of goods and services sold(558)(512)(430)(100)(100)(540)
Gross profit:4,1063,9613,5494,5434,5014,412
Operating expenses(1,522)(1,548)(1,577)(1,636)(1,590)(1,610)
Operating income:2,5842,4131,9722,9082,9112,802
Interest and debt expense(761)(848)(784)(906)(816)(938)
Income from continuing operations before equity method investments, income taxes:1,8221,5661,1872,0022,0951,864
Income from equity method investments648783220444475400
Income from continuing operations:2,4702,3481,4072,4472,5702,265
Income before gain (loss) on sale of properties:2,3481,4072,4472,5702,265
Other undisclosed net income (loss)(18)220(130)(23)252(20)
Net income:2,4522,5691,2772,4232,8222,245
Net loss attributable to noncontrolling interest(313)(319)(165)(322)(382)(297)
Net income attributable to parent:2,1402,2501,1132,1022,4401,948
Preferred stock dividends and other adjustments(3)(3)(3)(3)(3)(3)
Net income available to common stockholders, diluted:2,1362,2461,1092,0982,4371,945

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,4522,5691,2772,4232,8222,245
Other comprehensive income (loss)234(79)8(18)4
Other undisclosed comprehensive loss    (0) 
Comprehensive income:2,4752,5731,1982,4322,8042,249
Comprehensive loss, net of tax, attributable to noncontrolling interest(316)(320)(156)(323)(380)(298)
Comprehensive income, net of tax, attributable to parent:2,1602,2531,0422,1092,4241,952

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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