XML 22 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue    
Base rent $ 536,128 $ 490,682
Recoveries from tenants 89,586 88,593
Parking and other 24,825 24,788
Total rental revenue 650,539 604,063
Hotel revenue 8,757 9,085
Development and management services 6,689 5,328
Total revenue 665,985 618,476
Expenses    
Rental 219,172 221,350
Hotel 7,634 7,576
General and administrative 29,353 28,791
Transaction costs 25 327
Depreciation and amortization 159,448 154,223
Total expenses 415,632 412,267
Operating income 250,353 206,209
Other income (expense)    
Income from unconsolidated joint ventures 1,791 14,834
Interest and other income 1,505 1,407
Gains from investments in securities 259 393
Interest expense (105,309) (108,757)
Income before gains on sales of real estate 148,599 114,086
Gains on sales of real estate 67,623 95,084
Net income 216,222 209,170
Net income attributable to noncontrolling interests    
Noncontrolling interests in property partnerships (10,464) (15,208)
Noncontrolling interest—redeemable preferred units 0 (3)
Noncontrolling interest—common units of the Operating Partnership (21,393) (20,188)
Net income attributable to the Company 184,365 173,771
Preferred dividends / distributions (2,618) (2,589)
Net income attributable to the Company's common shareholders / unitholders $ 181,747 $ 171,182
Basic earnings per common share / unit attributable to the Company's common shareholders / unitholders    
Net income (in dollars per share / unit) $ 1.18 $ 1.12
Weighted average number of common shares / units outstanding 153,626 153,230
Diluted earnings per common share / unit attributable to the Company's common shareholders / unitholders    
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 1.18 $ 1.11
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 153,917 153,873
Boston Properties Limited Partnership    
Revenue    
Base rent $ 536,128 $ 490,682
Recoveries from tenants 89,586 88,593
Parking and other 24,825 24,788
Total rental revenue 650,539 604,063
Hotel revenue 8,757 9,085
Development and management services 6,689 5,328
Total revenue 665,985 618,476
Expenses    
Rental 219,172 221,350
Hotel 7,634 7,576
General and administrative 29,353 28,791
Transaction costs 25 327
Depreciation and amortization 157,461 152,224
Total expenses 413,645 410,268
Operating income 252,340 208,208
Other income (expense)    
Income from unconsolidated joint ventures 1,791 14,834
Interest and other income 1,505 1,407
Gains from investments in securities 259 393
Interest expense (105,309) (108,757)
Income before gains on sales of real estate 150,586 116,085
Gains on sales of real estate 69,792 95,084
Net income 220,378 211,169
Net income attributable to noncontrolling interests    
Noncontrolling interests in property partnerships (10,464) (15,208)
Noncontrolling interest—redeemable preferred units 0 (3)
Net income attributable to the Company 209,914 195,958
Preferred dividends / distributions (2,618) (2,589)
Net income attributable to the Company's common shareholders / unitholders $ 207,296 $ 193,369
Basic earnings per common share / unit attributable to the Company's common shareholders / unitholders    
Net income (in dollars per share / unit) $ 1.21 $ 1.13
Weighted average number of common shares / units outstanding 171,309 171,084
Diluted earnings per common share / unit attributable to the Company's common shareholders / unitholders    
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 1.21 $ 1.12
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 171,600 171,727