2014 Q1 Form 10-Q Financial Statement
#000104746914004661 Filed on May 07, 2014
Income Statement
Concept | 2014 Q1 | 2013 Q1 | 2012 Q4 |
---|---|---|---|
Revenue | $1.315B | $1.215B | $1.344B |
YoY Change | 8.22% | 8.59% | 14.78% |
Cost Of Revenue | $219.0M | $199.6M | $262.0M |
YoY Change | 9.72% | -12.88% | 11.54% |
Gross Profit | $938.0M | $861.2M | $1.082B |
YoY Change | 8.92% | -3.23% | 15.59% |
Gross Profit Margin | 71.33% | 70.88% | 80.51% |
Selling, General & Admin | $72.80M | $68.50M | $84.30M |
YoY Change | 6.28% | 1.03% | -2.77% |
% of Gross Profit | 7.76% | 7.95% | 7.79% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $330.6M | $322.0M | $361.0M |
YoY Change | 2.67% | 7.87% | 23.08% |
% of Gross Profit | 35.25% | 37.39% | 33.35% |
Operating Expenses | $377.1M | $358.7M | $466.1M |
YoY Change | 5.13% | -3.86% | 15.54% |
Operating Profit | $615.9M | $557.7M | $614.6M |
YoY Change | 10.43% | 7.93% | 14.58% |
Interest Expense | $268.2M | $285.0M | -$249.8M |
YoY Change | -5.92% | 10.44% | 16.29% |
% of Operating Profit | 43.54% | 51.11% | -40.64% |
Other Income/Expense, Net | -$6.900M | -$13.10M | -$14.10M |
YoY Change | -47.33% | 555.0% | 1466.67% |
Pretax Income | $359.6M | $278.6M | $370.5M |
YoY Change | 29.07% | -64.36% | -16.16% |
Income Tax | $6.938M | $13.19M | $0.00 |
% Of Pretax Income | 1.93% | 4.74% | 0.0% |
Net Earnings | $401.1M | $334.5M | $370.5M |
YoY Change | 19.92% | -57.22% | 1.84% |
Net Earnings / Revenue | 30.5% | 27.53% | 27.56% |
Basic Earnings Per Share | $1.10 | $0.91 | $1.01 |
Diluted Earnings Per Share | $1.10 | $0.91 | $1.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 310.6M shares | 310.0M shares | 303.1M shares |
Diluted Shares Outstanding | 310.6M shares | 310.0M shares | 303.1M shares |
Balance Sheet
Concept | 2014 Q1 | 2013 Q1 | 2012 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.013B | $830.0M | $1.185B |
YoY Change | 22.05% | -5.79% | 48.31% |
Cash & Equivalents | $1.013B | $830.0M | $1.185B |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $530.0M | $454.0M | $521.0M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.543B | $1.284B | $1.706B |
YoY Change | 20.17% | -1.08% | 32.66% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $25.29B | $25.09B | $25.18B |
YoY Change | 0.79% | -0.97% | 18.41% |
Goodwill | $20.10M | ||
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $2.348B | $2.002B | $2.109B |
YoY Change | 17.29% | -49.77% | 53.04% |
Other Assets | $1.565B | $1.520B | $1.571B |
YoY Change | 2.96% | -15.51% | -3.86% |
Total Long-Term Assets | $31.21B | $30.60B | $30.88B |
YoY Change | 1.99% | -1.66% | 23.86% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.543B | $1.284B | $1.706B |
Total Long-Term Assets | $31.21B | $30.60B | $30.88B |
Total Assets | $32.76B | $31.89B | $32.59B |
YoY Change | 2.73% | -1.64% | 24.3% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.259B | $1.231B | $1.374B |
YoY Change | 2.27% | 9.13% | 25.82% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.398B | $2.056B | $2.099B |
YoY Change | 16.63% | 11.86% | 17.39% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $23.19B | $22.57B | $23.11B |
YoY Change | 2.72% | -1.0% | 25.3% |
Other Long-Term Liabilities | $199.0M | $434.0M | $482.0M |
YoY Change | -54.15% | -10.52% | 9.79% |
Total Long-Term Liabilities | $23.39B | $23.01B | $23.60B |
YoY Change | 1.65% | -1.2% | 24.94% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.398B | $2.056B | $2.099B |
Total Long-Term Liabilities | $23.39B | $23.01B | $23.60B |
Total Liabilities | $25.78B | $24.88B | $25.52B |
YoY Change | 3.65% | -5.56% | 25.05% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$3.273B | -$3.165B | -$3.083B |
YoY Change | 3.42% | -5.18% | |
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $117.7M | $134.3M | $135.8M |
YoY Change | -12.38% | -10.99% | |
Treasury Stock Shares | 3.649M shares | 3.753M shares | 3.763M shares |
Shareholders Equity | $5.874B | $5.846B | $5.911B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $32.76B | $31.89B | $32.59B |
YoY Change | 2.73% | -1.64% | 24.3% |
Cashflow Statement
Concept | 2014 Q1 | 2013 Q1 | 2012 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $401.1M | $334.5M | $370.5M |
YoY Change | 19.92% | -57.22% | 1.84% |
Depreciation, Depletion And Amortization | $330.6M | $322.0M | $361.0M |
YoY Change | 2.67% | 7.87% | 23.08% |
Cash From Operating Activities | $661.5M | $550.5M | $686.0M |
YoY Change | 20.15% | -3.92% | 35.36% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$207.7M | -$199.9M | -$212.7M |
YoY Change | 3.9% | 60.95% | 45.59% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$19.80M | $187.7M | $376.2M |
YoY Change | -110.55% | -106.15% | 36.95% |
Cash From Investing Activities | -$227.5M | -$12.23M | $163.3M |
YoY Change | 1760.43% | -99.61% | 27.08% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$1.137B | -$892.8M | -117.4M |
YoY Change | 27.4% | -133.26% | -71.53% |
NET CHANGE | |||
Cash From Operating Activities | $661.5M | $550.5M | 686.0M |
Cash From Investing Activities | -$227.5M | -$12.23M | 163.3M |
Cash From Financing Activities | -$1.137B | -$892.8M | -117.4M |
Net Change In Cash | -$703.5M | -$354.6M | 731.9M |
YoY Change | 98.42% | -532.91% | 228.35% |
FREE CASH FLOW | |||
Cash From Operating Activities | $661.5M | $550.5M | $686.0M |
Capital Expenditures | -$207.7M | -$199.9M | -$212.7M |
Free Cash Flow | $869.2M | $750.4M | $898.7M |
YoY Change | 15.82% | 7.64% | 37.65% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2014Q1 | spg |
Joint Venture Properties Managed Number
JointVenturePropertiesManagedNumber
|
68 | property |
CY2014Q1 | spg |
International Joint Venture Properties
InternationalJointVentureProperties
|
20 | property |
CY2014Q1 | spg |
Joint Venture Properties Managed By Others
JointVenturePropertiesManagedByOthers
|
23 | property |
CY2013Q4 | us-gaap |
Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
|
0.857 | pure |
CY2014Q1 | us-gaap |
Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
|
0.855 | pure |
CY2014Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
1600000 | USD |
CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
1100000 | USD |
CY2013Q4 | us-gaap |
Cost Method Investments
CostMethodInvestments
|
118800000 | USD |
CY2014Q1 | us-gaap |
Cost Method Investments
CostMethodInvestments
|
118800000 | USD |
CY2013Q4 | us-gaap |
Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
|
968962000 | USD |
CY2013Q4 | us-gaap |
Other Minority Interests
OtherMinorityInterests
|
4264000 | USD |
CY2013Q4 | us-gaap |
Minority Interest
MinorityInterest
|
973226000 | USD |
CY2014Q1 | us-gaap |
Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
|
991294000 | USD |
CY2014Q1 | us-gaap |
Other Minority Interests
OtherMinorityInterests
|
-1306000 | USD |
CY2014Q1 | us-gaap |
Minority Interest
MinorityInterest
|
989988000 | USD |
CY2014Q1 | spg |
Noncontrolling Interests Redeemable At Amount In Excess Of Fair Value
NoncontrollingInterestsRedeemableAtAmountInExcessOfFairValue
|
0 | USD |
CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-75795000 | USD |
CY2014Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-67579000 | USD |
CY2014Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
5911000 | USD |
CY2014Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-2305000 | USD |
CY2014Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
8216000 | USD |
CY2014Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-66700000 | USD |
CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-61800000 | USD |
CY2014Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
341648000 | USD |
CY2013Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
283138000 | USD |
CY2014Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
310622570 | shares |
CY2013Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
309986506 | shares |
CY2013Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
203 | shares |
CY2014Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
310622570 | shares |
CY2013Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
309986709 | shares |
CY2014Q1 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | USD |
CY2014Q1 | spg |
Purchase Of Noncontrolling Interest And Other
PurchaseOfNoncontrollingInterestAndOther
|
-6130000 | USD |
CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2014Q1 | spg |
Depreciation And Amortization Cash Flows
DepreciationAndAmortizationCashFlows
|
330562000 | USD |
CY2013Q1 | spg |
Depreciation And Amortization Cash Flows
DepreciationAndAmortizationCashFlows
|
321974000 | USD |
CY2014Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
11779000 | USD |
CY2014Q1 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.08375 | pure |
CY2013Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
10596000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
-63058000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
-77923000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
12005000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
22212000 | USD |
CY2014Q1 | spg |
Increase Decrease In Accounts Payable Accrued Expenses Intangibles Deferred Revenues And Other Liabilities
IncreaseDecreaseInAccountsPayableAccruedExpensesIntangiblesDeferredRevenuesAndOtherLiabilities
|
-100804000 | USD |
CY2013Q1 | spg |
Increase Decrease In Accounts Payable Accrued Expenses Intangibles Deferred Revenues And Other Liabilities
IncreaseDecreaseInAccountsPayableAccruedExpensesIntangiblesDeferredRevenuesAndOtherLiabilities
|
-119293000 | USD |
CY2014Q1 | spg |
Fixed Rate Debt
FixedRateDebt
|
21700000000 | USD |
CY2013Q4 | spg |
Fixed Rate Debt
FixedRateDebt
|
21800000000 | USD |
CY2014Q1 | spg |
Fixed Rate Debt Fair Value
FixedRateDebtFairValue
|
23433000000 | USD |
CY2013Q4 | spg |
Fixed Rate Debt Fair Value
FixedRateDebtFairValue
|
23297000000 | USD |
CY2014Q1 | us-gaap |
Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
|
0.0335 | pure |
CY2013 | us-gaap |
Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
|
0.0307 | pure |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
661451000 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
550513000 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Real Estate And Real Estate Joint Ventures
PaymentsToAcquireRealEstateAndRealEstateJointVentures
|
85459000 | USD |
CY2013Q1 | us-gaap |
Payments To Acquire Real Estate And Real Estate Joint Ventures
PaymentsToAcquireRealEstateAndRealEstateJointVentures
|
51564000 | USD |
CY2014Q1 | us-gaap |
Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
|
13367000 | USD |
CY2013Q1 | us-gaap |
Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
|
18399000 | USD |
CY2014Q1 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
207655000 | USD |
CY2013Q1 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
199906000 | USD |
CY2014Q1 | spg |
Cash From Acquisitions And Cash Impact Of Property Consolidation And Deconsolidation
CashFromAcquisitionsAndCashImpactOfPropertyConsolidationAndDeconsolidation
|
-5402000 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
45861000 | USD |
CY2013Q1 | spg |
Proceeds From Sale Of Partnership Interests Other Assets And Discontinued Operations Net
ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet
|
73209000 | USD |
CY2013Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
15669000 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
5211000 | USD |
CY2013Q1 | us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
1376000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
124676000 | USD |
CY2013Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
198726000 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-227475000 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-12227000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
-82000 | USD |
CY2013Q1 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
121000 | USD |
CY2014Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
12751000 | USD |
CY2013Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
2046000 | USD |
CY2014Q1 | spg |
Distributions To Preferred Unit Holders Financing Activities
DistributionsToPreferredUnitHoldersFinancingActivities
|
479000 | USD |
CY2013Q1 | spg |
Distributions To Preferred Unit Holders Financing Activities
DistributionsToPreferredUnitHoldersFinancingActivities
|
479000 | USD |
CY2010Q2 | us-gaap |
Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
|
50000000 | USD |
CY2010Q2 | spg |
Minimum Insurance Coverage By Single Insurance Provider
MinimumInsuranceCoverageBySingleInsuranceProvider
|
50000000 | USD |
CY2010Q2 | spg |
Additional Proceeds From Insurance Settlement Operating Activities Maximum
AdditionalProceedsFromInsuranceSettlementOperatingActivitiesMaximum
|
150000000 | USD |
CY2014Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2014Q1 | us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
389097000 | USD |
CY2013Q1 | us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
357374000 | USD |
CY2014Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
65705000 | USD |
CY2013Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
59766000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
|
1810496000 | USD |
CY2013Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
|
642698000 | USD |
CY2014Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
2390035000 | USD |
CY2013Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
1115992000 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1137471000 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-892838000 | USD |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-703495000 | USD |
CY2013Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-354552000 | USD |
CY2014Q1 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
35598458000 | USD |
CY2013Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
10067743000 | USD |
CY2013Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
35126344000 | USD |
CY2014Q1 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
10309988000 | USD |
CY2013Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
25058601000 | USD |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1716863000 | USD |
CY2013Q4 | us-gaap |
Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
|
581482000 | USD |
CY2013Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
2433399000 | USD |
CY2013Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
2014415000 | USD |
CY2013Q4 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
1519814000 | USD |
CY2013Q4 | us-gaap |
Assets
Assets
|
33324574000 | USD |
CY2013Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
23588531000 | USD |
CY2013Q4 | spg |
Accounts Payable Accrued Expenses Intangibles And Deferred Revenues
AccountsPayableAccruedExpensesIntangiblesAndDeferredRevenues
|
1374113000 | USD |
CY2013Q4 | spg |
Cash Distributions And Losses In Partnerships And Joint Ventures At Equity
CashDistributionsAndLossesInPartnershipsAndJointVenturesAtEquity
|
1091591000 | USD |
CY2013Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
257222000 | USD |
CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
26311457000 | USD |
CY2013Q4 | spg |
Limited Partners Preferred Interest In Operating Partnership And Noncontrolling Redeemable Interests In Properties
LimitedPartnersPreferredInterestInOperatingPartnershipAndNoncontrollingRedeemableInterestsInProperties
|
190485000 | USD |
CY2013Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
44390000 | USD |
CY2013Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
9217363000 | USD |
CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-3218686000 | USD |
CY2013Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
117897000 | USD |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5849406000 | USD |
CY2013Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6822632000 | USD |
CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
33324574000 | USD |
CY2014Q1 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
25288470000 | USD |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1013368000 | USD |
CY2014Q1 | us-gaap |
Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
|
530479000 | USD |
CY2014Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
2347523000 | USD |
CY2014Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
2010771000 | USD |
CY2014Q1 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
1564988000 | USD |
CY2014Q1 | us-gaap |
Assets
Assets
|
32755599000 | USD |
CY2014Q1 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
23186610000 | USD |
CY2014Q1 | spg |
Accounts Payable Accrued Expenses Intangibles And Deferred Revenues
AccountsPayableAccruedExpensesIntangiblesAndDeferredRevenues
|
1259452000 | USD |
CY2014Q1 | spg |
Cash Distributions And Losses In Partnerships And Joint Ventures At Equity
CashDistributionsAndLossesInPartnershipsAndJointVenturesAtEquity
|
1139034000 | USD |
CY2014Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
198610000 | USD |
CY2014Q1 | us-gaap |
Liabilities
Liabilities
|
25783706000 | USD |
CY2014Q1 | spg |
Limited Partners Preferred Interest In Operating Partnership And Noncontrolling Redeemable Interests In Properties
LimitedPartnersPreferredInterestInOperatingPartnershipAndNoncontrollingRedeemableInterestsInProperties
|
107612000 | USD |
CY2014Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
44308000 | USD |
CY2014Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
9288321000 | USD |
CY2014Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-3273092000 | USD |
CY2014Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
117696000 | USD |
CY2014Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5874293000 | USD |
CY2014Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6864281000 | USD |
CY2014Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
32755599000 | USD |
CY2013Q4 | spg |
Capital Stock Shares Authorized
CapitalStockSharesAuthorized
|
850000000 | shares |
CY2014Q1 | spg |
Capital Stock Shares Authorized
CapitalStockSharesAuthorized
|
850000000 | shares |
CY2013Q4 | spg |
Capital Stock Par Value Per Share
CapitalStockParValuePerShare
|
0.0001 | |
CY2014Q1 | spg |
Capital Stock Par Value Per Share
CapitalStockParValuePerShare
|
0.0001 | |
CY2013Q4 | spg |
Capital Stock Shares Of Excess Common Stock
CapitalStockSharesOfExcessCommonStock
|
238000000 | shares |
CY2014Q1 | spg |
Capital Stock Shares Of Excess Common Stock
CapitalStockSharesOfExcessCommonStock
|
238000000 | shares |
CY2013Q4 | spg |
Capital Stock Authorized Shares Of Preferred Stock
CapitalStockAuthorizedSharesOfPreferredStock
|
100000000 | shares |
CY2014Q1 | spg |
Capital Stock Authorized Shares Of Preferred Stock
CapitalStockAuthorizedSharesOfPreferredStock
|
100000000 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2014Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
796948 | shares |
CY2014Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
796948 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
796948 | shares |
CY2014Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
796948 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
39847000 | USD |
CY2014Q1 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
39847000 | USD |
CY2013Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
3650680 | shares |
CY2014Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
3649434 | shares |
CY2013Q1 | us-gaap |
Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
777907000 | USD |
CY2013Q1 | us-gaap |
Operating Leases Income Statement Contingent Revenue
OperatingLeasesIncomeStatementContingentRevenue
|
37699000 | USD |
CY2013Q1 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
338969000 | USD |
CY2013Q1 | spg |
Management Fees And Other Revenues
ManagementFeesAndOtherRevenues
|
29729000 | USD |
CY2013Q1 | us-gaap |
Other Income
OtherIncome
|
30754000 | USD |
CY2013Q1 | us-gaap |
Revenues
Revenues
|
1215058000 | USD |
CY2013Q1 | us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
109910000 | USD |
CY2013Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
316633000 | USD |
CY2013Q1 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
109705000 | USD |
CY2013Q1 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
29725000 | USD |
CY2013Q1 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
21259000 | USD |
CY2013Q1 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
2734000 | USD |
CY2013Q1 | spg |
Home And Regional Office Costs
HomeAndRegionalOfficeCosts
|
34894000 | USD |
CY2013Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
14509000 | USD |
CY2013Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
657369000 | USD |
CY2013Q1 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
18000000 | USD |
CY2013Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
557689000 | USD |
CY2013Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
13193000 | USD |
CY2013Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
54231000 | USD |
CY2013Q1 | spg |
Acquisition Of Controlling Interest Sale Or Disposal Of Assets And Interests In Unconsolidated Entities Gain Or Loss
AcquisitionOfControllingInterestSaleOrDisposalOfAssetsAndInterestsInUnconsolidatedEntitiesGainOrLoss
|
20767000 | USD |
CY2013Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
50496000 | USD |
CY2013Q1 | us-gaap |
Interest Expense
InterestExpense
|
285026000 | USD |
CY2013Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
834000 | USD |
CY2013Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
283138000 | USD |
CY2013Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.91 | |
CY2013Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.91 | |
CY2013Q1 | us-gaap |
Profit Loss
ProfitLoss
|
334468000 | USD |
CY2013Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
7070000 | USD |
CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-1511000 | USD |
CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1048000 | USD |
CY2013Q1 | spg |
Changes In Available For Sale Securities And Other
ChangesInAvailableForSaleSecuritiesAndOther
|
-184000 | USD |
CY2013Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
343913000 | USD |
CY2013Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
51776000 | USD |
CY2013Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
292137000 | USD |
CY2014Q1 | us-gaap |
Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
828920000 | USD |
CY2014Q1 | us-gaap |
Operating Leases Income Statement Contingent Revenue
OperatingLeasesIncomeStatementContingentRevenue
|
33784000 | USD |
CY2014Q1 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
372639000 | USD |
CY2014Q1 | spg |
Management Fees And Other Revenues
ManagementFeesAndOtherRevenues
|
30607000 | USD |
CY2014Q1 | us-gaap |
Other Income
OtherIncome
|
49041000 | USD |
CY2014Q1 | us-gaap |
Revenues
Revenues
|
1314991000 | USD |
CY2014Q1 | us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
121087000 | USD |
CY2014Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
326461000 | USD |
CY2014Q1 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
114252000 | USD |
CY2014Q1 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
36916000 | USD |
CY2014Q1 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
24571000 | USD |
CY2014Q1 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
5209000 | USD |
CY2014Q1 | spg |
Home And Regional Office Costs
HomeAndRegionalOfficeCosts
|
35288000 | USD |
CY2014Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
14855000 | USD |
CY2014Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
699119000 | USD |
CY2014Q1 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
20480000 | USD |
CY2014Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
615872000 | USD |
CY2014Q1 | us-gaap |
Interest Expense
InterestExpense
|
268151000 | USD |
CY2014Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6938000 | USD |
CY2014Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
57423000 | USD |
CY2014Q1 | spg |
Acquisition Of Controlling Interest Sale Or Disposal Of Assets And Interests In Unconsolidated Entities Gain Or Loss
AcquisitionOfControllingInterestSaleOrDisposalOfAssetsAndInterestsInUnconsolidatedEntitiesGainOrLoss
|
2897000 | USD |
CY2014Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
58621000 | USD |
CY2014Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
834000 | USD |
CY2014Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
341648000 | USD |
CY2014Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.10 | |
CY2014Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.10 | |
CY2014Q1 | us-gaap |
Profit Loss
ProfitLoss
|
401103000 | USD |
CY2014Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-7533000 | USD |
CY2014Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-2697000 | USD |
CY2014Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
13733000 | USD |
CY2014Q1 | spg |
Changes In Available For Sale Securities And Other
ChangesInAvailableForSaleSecuritiesAndOther
|
479000 | USD |
CY2014Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
410479000 | USD |
CY2014Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
59782000 | USD |
CY2014Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
350697000 | USD |
CY2014Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
SIMON PROPERTY GROUP INC /DE/ | |
CY2014Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001063761 | |
CY2014Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2014Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-03-31 | |
CY2014Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2014Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2014Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2014Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2014Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
CY2014Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2013Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
829966000 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1184518000 | USD |
CY2014Q1 | spg |
Partners Capital Account Acquisitions Exchanges And Conversions
PartnersCapitalAccountAcquisitionsExchangesAndConversions
|
84910000 | USD |
CY2014Q1 | spg |
Equity Impact Of Contributions From Noncontrolling Interest Partners And Other
EquityImpactOfContributionsFromNoncontrollingInterestPartnersAndOther
|
7634000 | USD |
CY2014Q1 | spg |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest Excluding Preferred Distributions
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterestExcludingPreferredDistributions
|
-409508000 | USD |
CY2014Q1 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
|
454802000 | USD |
CY2014Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
11731000 | USD |
CY2014Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2"><b>1. Organization</b></font></p> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2">            Simon Property Group, Inc., or Simon Property, is a Delaware corporation that operates as a self-administered and self-managed real estate investment trust, or REIT, under the Internal Revenue Code of 1986, as amended. REITs will generally not be liable for federal corporate income taxes as long as they continue to distribute not less than 100% of their taxable income. Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In these condensed notes to the unaudited consolidated financial statements, the terms "we", "us" and "our" refer to Simon Property, the Operating Partnership, and its subsidiaries.</font></p> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2">            We own, develop and manage retail real estate properties, which consist primarily of malls, Premium Outlets®, The Mills®, and community/lifestyle centers. As of March 31, 2014, we owned or held an interest in 307 income-producing properties in the United States, which consisted of 156 malls, 66 Premium Outlets, 61 community/lifestyle centers, 13 Mills, and 11 other shopping centers or outlet centers in 38 states and Puerto Rico. Internationally, as of March 31, 2014, we had ownership interests in nine Premium Outlets in Japan, three Premium Outlets in South Korea, one Premium Outlet in Canada, one Premium Outlet in Mexico, and one Premium Outlet in Malaysia. In 2013, as further discussed in Note 5, we acquired noncontrolling interests in five operating properties in Europe through our joint venture with McArthurGlen. Of the five properties, two are located in Italy and one each is located in Austria, the Netherlands, and the United Kingdom. Additionally, as of March 31, 2014, we owned a 28.9% equity stake in Klépierre SA, or Klépierre, a publicly traded, Paris-based real estate company, which owns, or has an interest in, shopping centers located in 13 countries in Europe.</font></p> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2">            On December 13, 2013, we announced a plan to spin off our interests in 98 properties comprised of substantially all of our strip center business and our smaller enclosed malls into an independent, publicly traded REIT (Washington Prime Group Inc., or Washington Prime). The spin-off is expected to be effectuated through a pro rata special distribution of all of the outstanding common shares of Washington Prime to holders of Simon Property common stock as of the distribution record date, and is intended to qualify as a tax-free distribution for U.S. federal income tax purposes. At the time of the separation and distribution, Washington Prime will own a percentage of the outstanding units of partnership interest of Washington Prime Group, L.P. that is approximately equal to the percentage of outstanding units of partnership interest of the Operating Partnership, or units, owned by Simon Property. The remaining units of Washington Prime Group. L.P. will be owned by limited partners of the Operating Partnership. We expect the transaction will become effective by the end of May 2014. The transaction is subject to certain conditions, including declaration by the U.S. Securities and Exchange Commission that Washington Prime's registration statement on Form 10 is effective, filing and approval of Washington Prime's listing application on the New York Stock Exchange, customary third party consents, and formal approval and declaration of the distribution by our Board of Directors, not all of which have occurred prior to the date of this filing. We may, at any time and for any reason until the proposed transaction is complete, abandon the spin-off or modify or change its terms.</font></p></div> | |
CY2014Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
51636000 | USD |
CY2013Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
43247000 | USD |
CY2013 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.08375 | pure |
CY2014Q1 | spg |
Payments For Purchase Of Noncontrolling Interest In Consolidated Properties
PaymentsForPurchaseOfNoncontrollingInterestInConsolidatedProperties
|
89818000 | USD |