Simon Property Group, L.P. Consolidated Statements of Operations and Comprehensive Income (Dollars in thousands, except per unit amounts)
For the Year Ended December 31,
2023
2022
2021
REVENUE: Leaseincome .................................................. Managementfeesandotherrevenues................................ Otherincome................................................... Total revenue ................................................. EXPENSES: Propertyoperating............................................... Depreciationandamortization...................................... Realestatetaxes................................................ Repairsandmaintenance ......................................... Advertisingandpromotion......................................... Homeandregionalofficecosts..................................... Generalandadministrative ........................................ Other ......................................................... Total operating expenses ....................................... OPERATING INCOME BEFORE OTHER ITEMS .......................... Interestexpense................................................... Lossonextinguishmentofdebt........................................ Gain on disposal, exchange, or revaluation of equity interests, net (Notes3and6) .................................................. Incomeandothertaxexpense ........................................ Incomefromunconsolidatedentities.................................... Unrealized gains (losses) in fair value of publicly traded equity instruments and derivativeinstrument,net........................................... (Loss) gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net . . . . . . . CONSOLIDATED NET INCOME ...................................... Net (loss) income attributable to noncontrolling interests . . . . . . . . . . . . . . . . . . . . Preferredunitrequirements........................................... NET INCOME ATTRIBUTABLE TO UNITHOLDERS ....................... NET INCOME ATTRIBUTABLE TO UNITHOLDERS ATTRIBUTABLE TO: GeneralPartner................................................ LimitedPartners ............................................... Net income attributable to unitholders ............................ BASIC AND DILUTED EARNINGS PER UNIT: Net income attributable to unitholders ............................ Unrealized gain on derivative hedge agreements. . . . . . . . . . . . . . . . . . . . . . . . . Net gain reclassified from accumulated other comprehensive loss into earnings . Currencytranslationadjustments..................................... Changes in available-for-sale securities and other . . . . . . . . . . . . . . . . . . . . . . . . Comprehensiveincome ............................................ Comprehensive income (loss) attributable to noncontrolling interests . . . . . . . . . Comprehensive income attributable to unitholders ...................
$ 5,164,335 125,995 368,506 5,658,836 489,346 1,262,107 441,783 97,257 127,346 207,618 38,513 187,844 2,851,814 2,807,022
$ 4,905,175 $ 4,736,719
116,904 269,368
106,483 273,587
5,291,447
5,116,789
464,135 1,227,371 443,224
415,720 1,262,715 458,953
93,595 107,793 184,592 34,971 152,213
96,391 114,303 184,660 30,339 140,518
2,707,894 2,583,553
2,703,599 2,413,190 (795,712) (51,841) 178,672 (157,199) 782,837
(854,648)
(761,253)
—
—
362,019 (81,874) 375,663
121,177 (83,512) 647,977
11,892
(61,204)
(8,095)
(3,056)
5,647
206,855
2,617,018
2,452,385
2,568,707
(1,336) 5,237
2,738 5,252
(6,053) 5,252
$ 2,613,117
$ 2,444,395 $ 2,569,508
$ 2,279,789
$ 2,136,198 $ 2,246,294
333,328
308,197
323,214
$ 2,613,117
$ 2,444,395 $ 2,569,508
$ 6.98
$ 6.52 $ 6.84
Consolidated Net Income ........................................... $ 2,617,018
$ 2,452,385 $ 2,568,707
18,350 (4,084) (26,513)
54,808 (1,595) (28,119) (2,009)
51,114 (7,285) (38,772) (1,014)
2,254
2,607,025
2,475,470
2,572,750
610
1,572
(2,634)
$ 2,606,415
$ 2,473,898 $ 2,575,384
The accompanying notes are an integral part of these statements.
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