Simon Property Group, Inc. Simon Property Group, L.P. Notes to Consolidated Financial Statements (Dollars in thousands, except share, per share, unit and per unit amounts and where indicated as in millions or billions)
The tables below represents combined summary financial information, after intercompany eliminations, of our other platform investments. December 31, December 31, 2023 2022 Total assets .............................................. $ 14,921,120 $ 12,897,980 Totalliabilities............................................. 11,406,440 10,521,772 Noncontrollinginterests..................................... 501,224 362,652
For the Year Ended December 31,
2023
2022
2021
Totalrevenues................................... $ 13,865,845
$ 14,895,379
$ 14,454,661
Operating income before other items . . . . . . . . . . . . . . . . . Consolidatednetincome........................... Our share of net income (loss) ...................... Amortization of excess investment . . . . . . . . . . . . . . . . . . .
683,723 239,491 40,002
972,360 738,255 238,412
1,550,358 1,400,632 402,658
(6,740)
(6,659)
(7,546)
International Investments We conduct our international operations primarily through joint venture arrangements and account for the majority of these international joint venture investments using the equity method of accounting. European Investments At December 31, 2023, we owned 63,924,148 shares, or approximately 22.4%, of Klépierre, which had a quoted market price of $27.24 per share. The tables below represent summary financial information with respect to our investment in Klépierre. This information is based on applicable Euro:USD exchange rates and after our conversion of Klépierre’s results to GAAP.
December 31,
December 31,
2023
2022
Total assets ............................................. $ Totalliabilities............................................ Noncontrollinginterests....................................
16,114,513 10,282,111 1,255,479
$
16,016,137 10,074,502 1,226,734
For the Year Ended December 31,
2023
2022
2021
Totalrevenues.................................... $ Operating income before other items. . . . . . . . . . . . . . . . . . Consolidated net income ........................... Ourshareofnetincome............................ Amortization of excess investment. . . . . . . . . . . . . . . . . . . .
1,359,246
$ 1,308,409
$ 1,240,277
618,260 347,311 64,805 (17,658)
590,829 581,075 116,084 (13,937)
380,470 848,104 164,575 (19,444)
During the year ended December 31, 2023 we recorded a net loss of $11.2 million related to Klépierre’s disposition of certain assets. During the years ended December 31, 2022 and 2021, we recorded net gains of $1.3 million and $1.2 million, respectively, related to Klépierre’s disposition of certain assets. These transactions are included in (loss) gain on
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