Financial Statements — SPG
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.54 | 1.55 | 1.23 | 1.38 | 2.17 | 1.23 | 1.25 | 0.77 | 0.84 | 1.16 | 0.60 | 0.54 | 0.51 | 0.44 | 1.29 | 0.94 |
| Total Assets | 39.64 | 33.60 | 33.30 | 32.50 | 33.28 | 33.38 | 33.70 | 32.96 | 32.82 | 33.30 | 32.80 | 33.08 | 33.45 | 33.95 | 34.83 | 34.41 |
| Long-term Debt | 28.25 | 25.79 | 25.40 | 24.75 | 25.42 | 25.29 | 25.52 | 24.92 | 24.99 | 25.57 | 24.64 | 24.89 | 25.17 | 25.58 | 26.23 | 26.16 |
| Total Liabilities | 33.30 | 30.63 | 30.20 | 29.23 | 29.95 | 29.79 | 29.93 | 29.35 | 29.29 | 29.62 | 28.76 | 28.98 | 29.16 | 29.52 | 30.61 | 30.38 |
| Retained Earnings | (4.88) | (6.93) | (6.84) | (6.71) | (6.36) | (6.16) | (5.99) | (6.22) | (6.19) | (6.07) | (6.05) | (6.01) | (5.95) | (5.79) | (5.93) | (6.09) |
| Total Stockholder Equity | 4.86 | 2.35 | 2.45 | 2.61 | 2.71 | 2.94 | 3.11 | 2.95 | 2.87 | 3.00 | 3.02 | 3.07 | 3.26 | 3.38 | 3.23 | 3.06 |
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 1.76 | 1.79 | 1.60 | 1.50 | 1.47 | 1.58 | 1.48 | 1.46 | 1.44 | 1.53 | 1.41 | 1.37 | 1.35 | 1.40 | 1.32 | 1.28 | 1.30 | 1.33 | 1.30 | 1.25 |
| Operating Income | 0.76 | 0.89 | 0.81 | 0.74 | 0.73 | 0.84 | 0.77 | 0.75 | 0.74 | 0.79 | 0.69 | 0.66 | 0.66 | 0.68 | 0.65 | 0.63 | 0.62 | 0.59 | 0.61 | 0.60 |
| Interest Expense | 0.28 | 0.27 | 0.24 | 0.23 | 0.23 | 0.23 | -- | -- | 0.23 | 0.22 | 0.21 | 0.22 | 0.20 | 0.20 | 0.19 | 0.19 | 0.19 | 0.19 | 0.20 | 0.20 |
| Net Income | 0.57 | 3.54 | 0.70 | 0.64 | 0.48 | 0.77 | 0.55 | 0.57 | 0.84 | 0.86 | 0.68 | 0.56 | 0.52 | 0.77 | 0.62 | 0.57 | 0.49 | 0.57 | 0.78 | 0.71 |
| Diluted EPS | 1.48 | 9.34 | 1.86 | 1.70 | 1.27 | 2.04 | 1.46 | 1.51 | 2.25 | 2.29 | 1.82 | 1.49 | 1.38 | -- | 1.65 | 1.51 | 1.30 | -- | 2.07 | -- |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 0.83 | 1.20 | 0.89 | 1.22 | 0.83 | 1.09 | 0.89 | 1.06 | 0.77 | 1.04 | 0.94 | 1.13 | 0.83 | 0.93 | 0.94 | 1.10 | 0.79 | 0.88 | 0.87 | 1.00 |
| Capital Expenditures | 0.21 | 0.25 | 0.21 | 0.24 | 0.23 | 0.22 | 0.19 | 0.19 | 0.16 | 0.18 | 0.23 | 0.22 | 0.17 | 0.18 | 0.16 | 0.15 | 0.15 | 0.11 | 0.19 | 0.11 |
| Free Cash Flow* | 0.62 | 0.95 | 0.69 | 0.97 | 0.60 | 0.87 | 0.71 | 0.87 | 0.61 | 0.86 | 0.71 | 0.91 | 0.66 | 0.75 | 0.79 | 0.95 | 0.64 | 0.78 | 0.68 | 0.89 |
| Investing Cash Flow | (0.11) | (0.36) | (0.15) | (0.71) | (0.38) | 0.01 | 0.81 | (0.11) | 0.69 | (0.87) | (0.18) | (0.15) | (0.16) | (0.26) | (0.14) | (0.13) | (0.10) | (0.05) | (0.17) | (0.19) |
| Financing Cash Flow | (1.01) | (1.57) | (0.42) | (0.65) | (0.47) | (1.86) | (0.77) | (0.97) | (1.38) | 0.23 | (0.82) | (1.29) | (0.14) | (0.65) | (0.74) | (0.95) | (0.71) | (0.74) | (1.56) | (0.45) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Dividends Per Share | 2.20 | 2.20 | 2.15 | 2.10 | 2.10 | 2.10 | 2.05 | 2.00 | 1.95 | 1.90 | 1.90 | 1.85 | 1.80 | 1.80 | 1.75 | 1.70 | 1.65 | 0.35 | 2.90 | 2.10 |
