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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $6,592,925 and $6,497,031 at September 30, 2020 and December 31, 2019, respectively) $ 22,770,691 $ 22,502,976
Right of use assets - finance leases (amounts related to VIEs of $21,000 and $21,000 at September 30, 2020 and December 31, 2019, respectively) 237,382 237,394
Right of use assets - operating leases 146,973 148,640
Less: accumulated depreciation (amounts related to VIEs of $(1,134,450) and $(1,058,495) at September 30, 2020 and December 31, 2019, respectively) (5,413,709) (5,266,798)
Total real estate 17,741,337 17,622,212
Cash and cash equivalents (amounts related to VIEs of $267,229 and $280,033 at September 30, 2020 and December 31, 2019, respectively) 1,714,783 644,950
Cash held in escrows 50,006 46,936
Investments in securities 34,934 36,747
Tenant and other receivables, net (amounts related to VIEs of $12,968 and $28,918 at September 30, 2020 and December 31, 2019, respectively) 76,330 112,807
Related party note receivable, net 77,592 80,000
Notes receivable, net 25,304 15,920
Accrued rental income, net (amounts related to VIEs of $323,220 and $298,318 at September 30, 2020 and December 31, 2019, respectively) 1,111,078 1,038,788
Deferred charges, net (amounts related to VIEs of $187,025 and $214,769 at September 30, 2020 and December 31, 2019, respectively) 644,036 689,213
Prepaid expenses and other assets (amounts related to VIEs of $53,529 and $20,931 at September 30, 2020 and December 31, 2019, respectively) 106,524 41,685
Investments in unconsolidated joint ventures 1,377,291 955,647
Total assets 22,959,215 21,284,905
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,910,460 and $2,918,806 at September 30, 2020 and December 31, 2019, respectively) 2,912,494 2,922,408
Unsecured senior notes, net 9,636,397 8,390,459
Unsecured line of credit 0 0
Unsecured term loan, net 499,270 498,939
Lease liabilities - finance leases (amounts related to VIEs of $20,266 and $20,189 at September 30, 2020 and December 31, 2019, respectively) 233,288 224,042
Lease liabilities - operating leases 201,337 200,180
Accounts payable and accrued expenses (amounts related to VIEs of $26,848 and $45,777 at September 30, 2020 and December 31, 2019, respectively) 345,959 377,553
Dividends and distributions payable 171,070 170,713
Accrued interest payable 88,826 90,016
Other liabilities (amounts related to VIEs of $128,451 and $140,110 at September 30, 2020 and December 31, 2019, respectively) 369,932 387,994
Total liabilities 14,458,573 13,262,304
Commitments and contingencies 0 0
Redeemable deferred stock units— 69,787 and 60,676 units outstanding at redemption value at September 30, 2020 and December 31, 2019, respectively 5,604 8,365
Equity / Capital:    
Excess stock, $0.01 par value, 150,000,000 shares authorized, none issued or outstanding 0 0
Preferred stock, $0.01 par value, 50,000,000 shares authorized;    
5.25% Series B cumulative redeemable preferred stock / units, liquidation preference $2,500 per share / unit, 80,000 shares / units issued and outstanding at September 30, 2020 and December 31, 2019, respectively 200,000 200,000
Common stock, $0.01 par value, 250,000,000 shares authorized, 155,715,200 and 154,869,198 issued and 155,636,300 and 154,790,298 outstanding at September 30, 2020 and December 31, 2019, respectively 1,556 1,548
Additional paid-in capital 6,348,076 6,294,719
Dividends in excess of earnings (364,720) (760,523)
Treasury common stock at cost, 78,900 shares at September 30, 2020 and December 31, 2019 (2,722) (2,722)
Accumulated other comprehensive loss (52,622) (48,335)
Total stockholders' equity attributable to Boston Properties, Inc. 6,129,568 5,684,687
Noncontrolling interests:    
Common units of the Operating Partnership 634,796 600,860
Property partnerships 1,730,674 1,728,689
Total equity / capital 8,495,038 8,014,236
Total liabilities and equity / capital 22,959,215 21,284,905
Boston Properties Limited Partnership    
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $6,592,925 and $6,497,031 at September 30, 2020 and December 31, 2019, respectively) 22,393,882 22,107,755
Right of use assets - finance leases (amounts related to VIEs of $21,000 and $21,000 at September 30, 2020 and December 31, 2019, respectively) 237,382 237,394
Right of use assets - operating leases 146,973 148,640
Less: accumulated depreciation (amounts related to VIEs of $(1,134,450) and $(1,058,495) at September 30, 2020 and December 31, 2019, respectively) (5,309,930) (5,162,908)
Total real estate 17,468,307 17,330,881
Cash and cash equivalents (amounts related to VIEs of $267,229 and $280,033 at September 30, 2020 and December 31, 2019, respectively) 1,714,783 644,950
Cash held in escrows 50,006 46,936
Investments in securities 34,934 36,747
Tenant and other receivables, net (amounts related to VIEs of $12,968 and $28,918 at September 30, 2020 and December 31, 2019, respectively) 76,330 112,807
Related party note receivable, net 77,592 80,000
Notes receivable, net 25,304 15,920
Accrued rental income, net (amounts related to VIEs of $323,220 and $298,318 at September 30, 2020 and December 31, 2019, respectively) 1,111,078 1,038,788
Deferred charges, net (amounts related to VIEs of $187,025 and $214,769 at September 30, 2020 and December 31, 2019, respectively) 644,036 689,213
Prepaid expenses and other assets (amounts related to VIEs of $53,529 and $20,931 at September 30, 2020 and December 31, 2019, respectively) 106,524 41,685
Investments in unconsolidated joint ventures 1,377,291 955,647
Total assets 22,686,185 20,993,574
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,910,460 and $2,918,806 at September 30, 2020 and December 31, 2019, respectively) 2,912,494 2,922,408
Unsecured senior notes, net 9,636,397 8,390,459
Unsecured line of credit 0 0
Unsecured term loan, net 499,270 498,939
Lease liabilities - finance leases (amounts related to VIEs of $20,266 and $20,189 at September 30, 2020 and December 31, 2019, respectively) 233,288 224,042
Lease liabilities - operating leases 201,337 200,180
Accounts payable and accrued expenses (amounts related to VIEs of $26,848 and $45,777 at September 30, 2020 and December 31, 2019, respectively) 345,959 377,553
Dividends and distributions payable 171,070 170,713
Accrued interest payable 88,826 90,016
Other liabilities (amounts related to VIEs of $128,451 and $140,110 at September 30, 2020 and December 31, 2019, respectively) 369,932 387,994
Total liabilities 14,458,573 13,262,304
Commitments and contingencies 0 0
Redeemable deferred stock units— 69,787 and 60,676 units outstanding at redemption value at September 30, 2020 and December 31, 2019, respectively 5,604 8,365
Redeemable partnership units— 16,120,074 and 16,764,466 common units and 1,338,400 and 1,143,215 long term incentive units outstanding at redemption value at September 30, 2020 and December 31, 2019, respectively 1,406,484 2,468,753
Preferred stock, $0.01 par value, 50,000,000 shares authorized;    
5.25% Series B cumulative redeemable preferred stock / units, liquidation preference $2,500 per share / unit, 80,000 shares / units issued and outstanding at September 30, 2020 and December 31, 2019, respectively 193,623 193,623
Boston Properties Limited Partnership partners’ capital— 1,730,948 and 1,726,980 general partner units and 153,905,352 and 153,063,318 limited partner units outstanding at September 30, 2020 and December 31, 2019, respectively 4,943,849 3,380,175
Accumulated other comprehensive loss (52,622) (48,335)
Total partners’ capital 5,084,850 3,525,463
Noncontrolling interests in property partnerships 1,730,674 1,728,689
Noncontrolling interests:    
Total equity / capital 6,815,524 5,254,152
Total liabilities and equity / capital $ 22,686,185 $ 20,993,574