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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,084,588 and $6,760,078 at September 30, 2017 and December 31, 2016, respectively) $ 20,859,245 $ 20,147,263
Less: accumulated depreciation (amounts related to VIEs of $(825,390) and $(758,640) at September 30, 2017 and December 31, 2016, respectively) (4,484,798) (4,222,235)
Total real estate 16,374,447 15,925,028
Cash and cash equivalents (amounts related to VIEs of $285,089 and $253,999 at September 30, 2017 and December 31, 2016, respectively) 493,055 356,914
Cash held in escrows (amounts related to VIEs of $6,179 and $4,955 at September 30, 2017 and December 31, 2016, respectively) 83,779 63,174
Investments in securities 27,981 23,814
Tenant and other receivables (amounts related to VIEs of $19,891 and $23,525 at September 30, 2017 and December 31, 2016, respectively) 79,750 92,548
Accrued rental income (amounts related to VIEs of $232,336 and $224,185 at September 30, 2017 and December 31, 2016, respectively) 835,415 799,138
Deferred charges, net (amounts related to VIEs of $268,727 and $290,436 at September 30, 2017 and December 31, 2016, respectively) 657,474 686,163
Prepaid expenses and other assets (amounts related to VIEs of $68,330 and $42,718 at September 30, 2017 and December 31, 2016, respectively) 144,817 129,666
Investments in unconsolidated joint ventures 611,800 775,198
Total assets 19,308,518 18,851,643
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,941,550 and $2,018,483 at September 30, 2017 and December 31, 2016, respectively) 2,982,067 2,063,087
Unsecured senior notes, net 7,252,567 7,245,953
Unsecured line of credit 0 0
Unsecured term loan 0 0
Mezzanine notes payable (amounts related to VIEs of $0 and $307,093 at September 30, 2017 and December 31, 2016, respectively) 0 307,093
Outside members’ notes payable (amounts related to VIEs of $0 and $180,000 at September 30, 2017 and December 31, 2016, respectively) 0 180,000
Accounts payable and accrued expenses (amounts related to VIEs of $106,772 and $110,457 at September 30, 2017 and December 31, 2016, respectively) 325,440 298,524
Dividends and distributions payable 130,434 130,308
Accrued interest payable (amounts related to VIEs of $6,800 and $162,226 at September 30, 2017 and December 31, 2016, respectively) 99,100 243,933
Other liabilities (amounts related to VIEs of $146,517 and $175,146 at September 30, 2017 and December 31, 2016, respectively) 419,215 450,821
Total liabilities 11,208,823 10,919,719
Commitments and contingencies 0 0
Equity / Capital:    
Excess stock, $0.01 par value, 150,000,000 shares authorized, none issued or outstanding 0 0
Preferred stock, $.01 par value, 50,000,000 shares authorized    
5.25% Series B cumulative redeemable preferred stock/unit, liquidation preference $2,500 per share/unit, 92,000 shares authorized, 80,000 shares/units issued and outstanding at September 30, 2017 and December 31, 2016 200,000 200,000
Common stock, $0.01 par value, 250,000,000 shares authorized, 154,401,166 and 153,869,075 issued and 154,322,266 and 153,790,175 outstanding at September 30, 2017 and December 31, 2016, respectively 1,543 1,538
Additional paid-in capital 6,370,932 6,333,424
Dividends in excess of earnings (692,739) (693,694)
Treasury common stock at cost, 78,900 shares at September 30, 2017 and December 31, 2016 (2,722) (2,722)
Accumulated other comprehensive loss (51,796) (52,251)
Total stockholders’ equity attributable to Boston Properties, Inc. 5,825,218 5,786,295
Noncontrolling interests:    
Common units of Boston Properties Limited Partnership 605,802 614,982
Property partnerships 1,668,675 1,530,647
Total equity / capital 8,099,695 7,931,924
Total liabilities and equity / capital 19,308,518 18,851,643
Boston Properties Limited Partnership    
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,084,588 and $6,760,078 at September 30, 2017 and December 31, 2016, respectively) 20,447,767 19,733,872
Less: accumulated depreciation (amounts related to VIEs of $(825,390) and $(758,640) at September 30, 2017 and December 31, 2016, respectively) (4,394,077) (4,136,364)
Total real estate 16,053,690 15,597,508
Cash and cash equivalents (amounts related to VIEs of $285,089 and $253,999 at September 30, 2017 and December 31, 2016, respectively) 493,055 356,914
Cash held in escrows (amounts related to VIEs of $6,179 and $4,955 at September 30, 2017 and December 31, 2016, respectively) 83,779 63,174
Investments in securities 27,981 23,814
Tenant and other receivables (amounts related to VIEs of $19,891 and $23,525 at September 30, 2017 and December 31, 2016, respectively) 79,750 92,548
Accrued rental income (amounts related to VIEs of $232,336 and $224,185 at September 30, 2017 and December 31, 2016, respectively) 835,415 799,138
Deferred charges, net (amounts related to VIEs of $268,727 and $290,436 at September 30, 2017 and December 31, 2016, respectively) 657,474 686,163
Prepaid expenses and other assets (amounts related to VIEs of $68,330 and $42,718 at September 30, 2017 and December 31, 2016, respectively) 144,817 129,666
Investments in unconsolidated joint ventures 611,800 775,198
Total assets 18,987,761 18,524,123
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,941,550 and $2,018,483 at September 30, 2017 and December 31, 2016, respectively) 2,982,067 2,063,087
Unsecured senior notes, net 7,252,567 7,245,953
Unsecured line of credit 0 0
Unsecured term loan 0 0
Mezzanine notes payable (amounts related to VIEs of $0 and $307,093 at September 30, 2017 and December 31, 2016, respectively) 0 307,093
Outside members’ notes payable (amounts related to VIEs of $0 and $180,000 at September 30, 2017 and December 31, 2016, respectively) 0 180,000
Accounts payable and accrued expenses (amounts related to VIEs of $106,772 and $110,457 at September 30, 2017 and December 31, 2016, respectively) 325,440 298,524
Dividends and distributions payable 130,434 130,308
Accrued interest payable (amounts related to VIEs of $6,800 and $162,226 at September 30, 2017 and December 31, 2016, respectively) 99,100 243,933
Other liabilities (amounts related to VIEs of $146,517 and $175,146 at September 30, 2017 and December 31, 2016, respectively) 419,215 450,821
Total liabilities 11,208,823 10,919,719
Commitments and contingencies 0 0
Noncontrolling interest:    
Redeemable partnership units—16,812,329 and 17,079,511 common units and 816,982 and 904,588 long term incentive units outstanding at redemption value at September 30, 2017 and December 31, 2016, respectively 2,166,290 2,262,040
Preferred stock, $.01 par value, 50,000,000 shares authorized    
5.25% Series B cumulative redeemable preferred stock/unit, liquidation preference $2,500 per share/unit, 92,000 shares authorized, 80,000 shares/units issued and outstanding at September 30, 2017 and December 31, 2016 193,623 193,623
Accumulated other comprehensive loss (60,346) (60,853)
Noncontrolling interests:    
Boston Properties Limited Partnership partners’ capital—1,719,516 and 1,717,743 general partner units and 152,602,750 and 152,072,432 limited partner units outstanding at September 30, 2017 and December 31, 2016, respectively 3,750,350 3,618,094
Noncontrolling interests in property partnerships 1,668,675 1,530,647
Total equity / capital 5,612,648 5,342,364
Total liabilities and equity / capital $ 18,987,761 $ 18,524,123