Simon Property Group, L.P. Consolidated Statements of Cash Flows (Dollars in thousands)
For the Year Ended December 31,
2023
2022
2021
CASH FLOWS FROM OPERATING ACTIVITIES: Consolidated Net Income ........................................ Adjustments to reconcile consolidated net income to net cash provided by operating activities Depreciationandamortization..................................... Lossondebtextinguishment ..................................... Loss (gain) on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment,net.............................................. Gain on disposal, exchange, or revaluation of equity interests, net. . . . . . . . . . Unrealized (gains) losses in fair value of publicly traded equity instruments andderivativeinstrument,net ................................... Straight-lineleaseloss.......................................... Incomefromunconsolidatedentities................................ 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 and other...................................................... Net cash provided by operating activities ....................... CASH FLOWS FROM INVESTING ACTIVITIES: Acquisitions .................................................. Fundingofloanstorelatedparties ................................. Repaymentsofloanstorelatedparties.............................. Capitalexpenditures,net ........................................ Cash impact from the consolidation of properties. . . . . . . . . . . . . . . . . . . . . . . Netproceedsfromsaleofassets .................................. Investments in unconsolidated entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Purchaseofshort-terminvestments ................................ Purchaseofequityinstruments.................................... Proceeds from sale of equity instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . Insurance proceeds for property restoration . . . . . . . . . . . . . . . . . . . . . . . . . . Distributions of capital from unconsolidated entities and other . . . . . . . . . . . . . Net cash used in investing activities ........................... CASH FLOWS FROM FINANCING ACTIVITIES: Issuanceofunitsandother....................................... Purchase of units related to stock grant recipients' tax withholdings . . . . . . . . . Redemptionoflimitedpartnerunits................................. Purchaseofgeneralpartnerunits.................................. Preferredunitredemptions....................................... Proceeds from the special purpose acquisition company IPO, net of transactioncosts............................................. Proceeds from (establishment of) trust account for special purpose acquisition company .................................................. Liquidation of special purpose acquisition company. . . . . . . . . . . . . . . . . . . . . Distributions to noncontrolling interest holders in properties . . . . . . . . . . . . . . . Contributions from noncontrolling interest holders in properties . . . . . . . . . . . . Partnershipdistributions......................................... Cashpaidtoextinguishdebt...................................... Mortgage and unsecured indebtedness proceeds, net of transaction costs. . . . Mortgage and unsecured indebtedness principal payments . . . . . . . . . . . . . . . Net cash used in financing activities ........................... INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ............... CASH AND CASH EQUIVALENTS, beginning of period ..................... CASH AND CASH EQUIVALENTS, end of period ..........................
$ 2,617,018
$ 2,452,385 $ 2,568,707
1,333,584
1,292,113
1,325,895
—
—
51,841
3,056
(5,647)
(206,855) (178,672)
(362,019)
(121,177)
(11,892)
61,204 25,234
8,095 22,619
9,866
(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
(782,837) 436,881 265,352 (77,592)
63,350
(104,567)
190,103
203,968
3,766,604
3,637,402
(203,364) (132,857)
(257,080) (15,848)
82,371
14,027
(650,024)
(527,935)
— —
20,988 59,658
5,595 3,000
(83,961)
(235,792)
(56,901)
(1,000,000) (31,742) 304,129
—
—
(66,140) 26,086
(33,605) 65,504
7,427
—
7,200
299,140
472,510 (626,564)
243,279 (552,764)
(1,363,181)
(328)
(328)
(328)
(5,795) (13,524) (140,593) (2,500)
(6,788) (1,852)
(2,318) (2,220)
(180,387)
— —
—
—
—
338,121
— —
345,000 (345,000) (27,741)
(345,000)
—
(41,956)
(5,024) 20,902
9,813
29,681
(2,796,681)
(2,592,472) (2,690,700)
—
—
(50,156)
3,629,840 (2,658,525) (2,020,249)
3,449,403
9,251,217
(3,721,864) (10,076,809) (3,052,348) (3,562,315)
547,363 621,628
87,692 533,936
(477,677) 1,011,613
$ 1,168,991
$ 621,628 $ 533,936
The accompanying notes are an integral part of these statements.
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