Simon Property Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	4,628	2,371	2,283	2,140	2,250
Depreciation & Amortization	1,528	1,331	1,299	1,253	1,283
Other Amortization	26.18	29.15	34.12	39.61	43.03
Gain (Loss) on Sale of Investments	86.12	-451.17	-362.02	-121.18	-178.67
Income (Loss) on Equity Investments	-58.19	155.41	83.05	-86.39	-345.96
Change in Accounts Receivable	-59.77	36.16	-11.8	63.35	265.35
Change in Accounts Payable	44.53	127.24	245.51	190.1	203.97
Change in Other Net Operating Assets	14.57	-235.88	24.42	-104.57	-77.59
Other Operating Activities	-2,073	452.14	334.92	393.64	194.78
Operating Cash Flow	4,137	3,815	3,931	3,767	3,637
Operating Cash Flow Growth	8.44%	-2.96%	4.36%	3.55%	56.33%
Acquisition of Real Estate Assets	-934.35	-755.58	-793.28	-650.02	-527.94
Sale of Real Estate Assets	-	55.2	-	59.66	3
Net Sale / Acq. of Real Estate Assets	-934.35	-700.38	-793.28	-590.37	-524.94
Cash Acquisition	-1,010	-9.88	-65.83	-182.38	-251.49
Investment in Marketable & Equity Securities	326.23	2,143	-512.43	196.66	218.28
Other Investing Activities	16.96	-24.12	8.37	-50.49	5.38
Investing Cash Flow	-1,601	1,408	-1,363	-626.56	-552.76
Long-Term Debt Issued	3,669	1,096	3,630	3,449	9,251
Long-Term Debt Repaid	-3,278	-2,969	-2,659	-3,722	-10,127
Net Debt Issued (Repaid)	390.42	-1,874	971.32	-272.46	-875.75
Repurchase of Common Stock	-240.74	-10.56	-146.39	-187.18	-2.32
Preferred Share Repurchases	-5.33	-7.83	-2.83	-0.33	-0.33
Common & Preferred Dividends Paid	-2,793	-2,645	-2,439	-2,264	-2,352
Total Dividends Paid	-2,793	-2,645	-2,439	-2,264	-2,352
Other Financing Activities	-464.53	-454.28	-403.12	-328.38	-332.16
Net Cash Flow	-577.2	231.35	547.36	87.69	-477.68
Cash Interest Paid	945.74	911.35	856.11	763.2	822.18
Cash Income Tax Paid	29.13	119.15	31.19	53.24	-
Levered Free Cash Flow	2,339	1,968	2,003	2,007	1,688
Unlevered Free Cash Flow	2,948	2,534	2,537	2,483	2,185
Change in Working Capital	-0.68	-72.48	258.13	148.89	391.73

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.