Simon Property Group (SPG) FY2022 results: revenue $5.3 billion, up 3.4% on the year
Simon Property Group Inc. (SPG) reported revenue of $5.3 billion for fiscal 2022, the year ended 31 December 2022, up 3.4% on the year before. Net income was $2.1 billion, down 4.9%, and diluted earnings per share $6.52. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$5.3 billion
+3.4% on the year
FY2015FY2022
Operating margin
48.8%
47.2% a year earlier
FY2015FY2022
Net income
$2.1 billion
-4.9% on the year
FY2015FY2022
Diluted EPS
$6.52
-4.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,767
3,637
2,327
+3.6%
Capital expenditure
650
528
484
+23.1%
Free cash flow
3,117
3,109
1,843
+0.2%
Free cash flow margin
58.9%
60.8%
40.0%
Cash from investing
-627
-553
-3,978
Cash from financing
-3,052
-3,562
1,994
Depreciation and amortisation
1,227
1,263
1,318
-2.8%
Buybacks
180
n/a
153
Dividend per share
$6.90
$5.85
$6.00
+17.9%
Diluted shares, weighted
328m
329m
309m
-0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,139
3,361
3,039
-6.6%
Non-controlling interest
473
492
433
-3.7%
Redeemable equity
212
548
186
-61.3%
Debt
24,960
25,321
26,723
-1.4%
Other liabilities
4,227
4,056
4,405
+4.2%
Total liabilities and equity
33,011
33,777
34,787
-2.3%
Goodwill
20.1
20.1
20.1
0.0%
Securities held for sale or to maturity
52.3
60.9
40.5
-14.0%
Cash and equivalents
622
534
1,012
+16.4%
Other assets
32,317
33,162
33,715
-2.5%
Total assets
33,011
33,777
34,787
-2.3%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.