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Unaudited Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUE:        
Minimum rent $ 822,224 $ 768,138 $ 1,640,760 $ 1,521,583
Overage rent 31,250 37,029 60,167 75,986
Tenant reimbursements 367,062 364,309 738,676 704,479
Management fees and other revenues 34,478 40,027 67,878 75,106
Other income 60,366 139,607 144,614 188,191
Total revenue 1,315,380 1,349,110 2,652,095 2,565,345
EXPENSES:        
Property operating 104,756 99,841 207,817 199,598
Depreciation and amortization 303,585 295,778 604,199 583,883
Real estate taxes 107,505 106,487 216,929 213,374
Repairs and maintenance 22,842 22,676 48,907 52,410
Advertising and promotion 33,172 41,215 68,210 59,971
Provision for credit losses 4,944 2,685 8,608 6,533
Home and regional office costs 40,326 39,346 78,933 75,250
General and administrative 15,125 15,345 29,989 30,344
Other 23,889 23,352 44,366 42,426
Total operating expenses 656,144 646,725 1,307,958 1,263,789
OPERATING INCOME 659,236 702,385 1,344,137 1,301,556
Interest expense (213,995) (230,974) (433,185) (463,147)
Income and other taxes (7,115) (3,420) (22,301) (9,781)
Income from unconsolidated entities 84,990 70,196 175,616 135,068
Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net 4,209 16,339 26,897 223,266
CONSOLIDATED NET INCOME 527,325 554,526 1,091,164 1,186,962
Net income attributable to noncontrolling interests 71,102 80,748 153,111 173,215
Preferred dividends or unit requirements 834 834 1,669 1,669
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS or UNITHOLDERS $ 455,389 $ 472,944 $ 936,384 $ 1,012,078
BASIC AND DILUTED EARNINGS PER COMMON SHARE or UNIT:        
Net income attributable to common stockholders or unitholders (in dollars per share or unit) $ 1.45 $ 1.52 $ 3.01 $ 3.26
Consolidated Net Income $ 527,325 $ 554,526 $ 1,091,164 $ 1,186,962
Unrealized (loss) gain on derivative hedge agreements (320) 9,240 (15,095) 19,339
Net loss (gain) reclassified from accumulated other comprehensive loss into earnings 3,199 (77,536) 142,538 (74,909)
Currency translation adjustments (3,492) (14,282) 17,441 (138,793)
Changes in available-for-sale securities and other 171 (27,721) 12,062 (22,084)
Comprehensive income 526,883 444,227 1,248,110 970,515
Comprehensive income attributable to noncontrolling interests 72,858 65,193 177,285 142,302
Comprehensive income attributable to common stockholders or unitholders 454,025 379,034 1,070,825 828,213
Simon Property Group L.P.        
REVENUE:        
Minimum rent 822,224 768,138 1,640,760 1,521,583
Overage rent 31,250 37,029 60,167 75,986
Tenant reimbursements 367,062 364,309 738,676 704,479
Management fees and other revenues 34,478 40,027 67,878 75,106
Other income 60,366 139,607 144,614 188,191
Total revenue 1,315,380 1,349,110 2,652,095 2,565,345
EXPENSES:        
Property operating 104,756 99,841 207,817 199,598
Depreciation and amortization 303,585 295,778 604,199 583,883
Real estate taxes 107,505 106,487 216,929 213,374
Repairs and maintenance 22,842 22,676 48,907 52,410
Advertising and promotion 33,172 41,215 68,210 59,971
Provision for credit losses 4,944 2,685 8,608 6,533
Home and regional office costs 40,326 39,346 78,933 75,250
General and administrative 15,125 15,345 29,989 30,344
Other 23,889 23,352 44,366 42,426
Total operating expenses 656,144 646,725 1,307,958 1,263,789
OPERATING INCOME 659,236 702,385 1,344,137 1,301,556
Interest expense (213,995) (230,974) (433,185) (463,147)
Income and other taxes (7,115) (3,420) (22,301) (9,781)
Income from unconsolidated entities 84,990 70,196 175,616 135,068
Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net 4,209 16,339 26,897 223,266
CONSOLIDATED NET INCOME 527,325 554,526 1,091,164 1,186,962
Net income attributable to noncontrolling interests 565 609 1,294 1,298
Preferred dividends or unit requirements 1,313 1,313 2,626 2,626
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS or UNITHOLDERS 525,447 552,604 1,087,244 1,183,038
NET INCOME ATTRIBUTABLE TO UNITHOLDERS ATTRIBUTABLE TO:        
General Partner 455,389 472,944 936,384 1,012,078
Limited Partners $ 70,058 $ 79,660 $ 150,860 $ 170,960
BASIC AND DILUTED EARNINGS PER COMMON SHARE or UNIT:        
Net income attributable to common stockholders or unitholders (in dollars per share or unit) $ 1.45 $ 1.52 $ 3.01 $ 3.26
Consolidated Net Income $ 527,325 $ 554,526 $ 1,091,164 $ 1,186,962
Unrealized (loss) gain on derivative hedge agreements (320) 9,240 (15,095) 19,339
Net loss (gain) reclassified from accumulated other comprehensive loss into earnings 3,199 (77,536) 142,538 (74,909)
Currency translation adjustments (3,492) (14,282) 17,441 (138,793)
Changes in available-for-sale securities and other 171 (27,721) 12,062 (22,084)
Comprehensive income 526,883 444,227 1,248,110 970,515
Comprehensive income attributable to noncontrolling interests 565 609 1,294 1,298
Comprehensive income attributable to common stockholders or unitholders $ 526,318 $ 443,618 $ 1,246,816 $ 969,217