Simon Property Group, Inc. Consolidated Statements of Cash Flows (Dollars in thousands)
For the Year Ended December 31,
2024
2023
2022
CASH FLOWS FROM OPERATING ACTIVITIES: Consolidated Net Income ..................................... Adjustments to reconcile consolidated net income to net cash provided by operating activities Depreciationandamortization ................................. Loss (gain) on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment,net........................................... Gain due to disposal, exchange, or revaluation of equity interests, net . . Unrealized losses (gains) in fair value of publicly traded equity instruments and derivative instrument, net . . . . . . . . . . . . . . . . . . . . . . Straight-lineleaseloss....................................... Equity in income of unconsolidated entities . . . . . . . . . . . . . . . . . . . . . . . Distributions of income from unconsolidated entities . . . . . . . . . . . . . . . . Changes in assets and liabilities Tenant receivables and accrued revenue, net . . . . . . . . . . . . . . . . . . . . . Deferredcostsandotherassets................................ Accounts payable, accrued expenses, intangibles, deferred revenues andother................................................ Net cash provided by operating activities .................... CASH FLOWS FROM INVESTING ACTIVITIES: Acquisitions ............................................... Fundingofloanstorelatedparties.............................. Repayments of loans to related parties . . . . . . . . . . . . . . . . . . . . . . . . . . Capitalexpenditures,net ..................................... Cash impact from the consolidation of properties . . . . . . . . . . . . . . . . . . . Netproceedsfromsaleofassets............................... Investments in unconsolidated entities . . . . . . . . . . . . . . . . . . . . . . . . . . . Purchaseofshort-terminvestments............................. Proceeds from redemption of short-term investments . . . . . . . . . . . . . . . Purchaseofequityinstruments ................................ Proceedsfromsaleofequityinstruments......................... Insurance proceeds for property restoration . . . . . . . . . . . . . . . . . . . . . . . Distributions of capital from unconsolidated entities and other . . . . . . . . Net cash provided by (used in) investing activities ............ CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from sales of common stock and other, net of transaction costs ................................................... Purchase of shares related to stock grant recipients’ tax withholdings . . . Redemptionoflimitedpartnerunits ............................. Purchaseoftreasurystock.................................... Preferredunitredemptions.................................... Proceeds from (establishment of) trust account for special purpose acquisitioncompany ....................................... Liquidation of special purpose acquisition company . . . . . . . . . . . . . . . . . Distributions to noncontrolling interest holders in properties. . . . . . . . . . . Contributions from noncontrolling interest holders in properties . . . . . . . . Preferred distributions of the Operating Partnership. . . . . . . . . . . . . . . . . Preferred dividends and distributions to stockholders. . . . . . . . . . . . . . . . Distributionstolimitedpartners ................................ Proceeds from issuance of debt, net of transaction costs. . . . . . . . . . . . . Repaymentsofdebt......................................... Net cash used in financing activities ........................ INCREASE IN CASH AND CASH EQUIVALENTS ...................... CASH AND CASH EQUIVALENTS, beginning of period ................. CASH AND CASH EQUIVALENTS, end of period ......................
$ 2,729,021 $ 2,617,018 $ 2,452,385
1,359,861
1,333,584
1,292,113
75,818 (451,172)
3,056
(5,647) (121,177)
(362,019)
17,392
(11,892)
61,204 25,234
802
9,866
(207,322) 362,734 36,161 (235,884) 127,244 3,814,655 (56,105) (111,000) 82,289 (755,584) (112,655) (600,000) 1,600,000 (241,186) 1,183,528 4,587 313,016 1,408,321 46,228 55,203
(375,663) 458,709 (11,802) 24,423 245,513 3,930,793 (65,829) (15,250) 16,188 (793,283)
(647,977) 561,583 63,350 (104,567) 190,103 3,766,604 (203,364) (132,857) 82,371 (650,024)
— —
20,988 59,658
(83,961) (1,000,000)
(235,792)
— —
—
(31,742) 304,129 7,427 299,140
(66,140) 26,086 472,510 (626,564) —
(1,363,181)
(328)
(328) (5,795) (13,524) (140,593) (2,500)
(328) (6,788) (1,852)
(10,558) (42,293)
—
(180,387)
(7,500)
—
— —
— —
345,000 (345,000) (27,741) 29,681 (1,915) (2,264,007) (326,550) 3,449,403 (3,721,864) (3,052,348)
(21,049) 9,807 (1,560)
(41,956) 9,813 (1,900)
(2,645,213) (399,186) 1,095,546 (2,969,288) (4,991,622) 231,354 1,168,991
(2,439,233) (355,548) 3,629,840 (2,658,525) (2,020,249)
547,363 621,628
87,692 533,936 621,628
$ 1,400,345 $ 1,168,991 $
The accompanying notes are an integral part of these statements.
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