Simon Property Group (SPG) FY2021 results: revenue $5.1 billion, up 11.1% on the year
Simon Property Group Inc. (SPG) reported revenue of $5.1 billion for fiscal 2021, the year ended 31 December 2021, up 11.1% on the year before. Net income was $2.2 billion, up 102.5%, and diluted earnings per share $6.84. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$5.1 billion
+11.1% on the year
FY2014FY2021
Operating margin
47.2%
42.8% a year earlier
FY2014FY2021
Net income
$2.2 billion
+102.5% on the year
FY2014FY2021
Diluted EPS
$6.84
+90.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
3,637
2,327
3,808
+56.3%
Capital expenditure
528
484
876
+9.1%
Free cash flow
3,109
1,843
2,932
+68.8%
Free cash flow margin
60.8%
40.0%
50.9%
Cash from investing
-553
-3,978
-1,077
Cash from financing
-3,562
1,994
-2,576
Depreciation and amortisation
1,263
1,318
1,341
-4.2%
Buybacks
n/a
153
360
Dividend per share
$5.85
$6.00
$8.30
-2.5%
Diluted shares, weighted
329m
309m
308m
+6.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,361
3,039
2,526
+10.6%
Non-controlling interest
492
433
385
+13.6%
Redeemable equity
548
186
219
+194.7%
Debt
25,321
26,723
24,163
-5.2%
Other liabilities
4,056
4,405
3,938
-7.9%
Total liabilities and equity
33,777
34,787
31,232
-2.9%
Goodwill
20.1
20.1
20.1
0.0%
Securities held for sale or to maturity
60.9
40.5
52.8
+50.3%
Cash and equivalents
534
1,012
669
-47.2%
Other assets
33,162
33,715
30,489
-1.6%
Total assets
33,777
34,787
31,232
-2.9%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.