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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
REVENUES:      
Property rentals $ 2,110,797us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 2,081,115us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 1,990,784us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Tenant expense reimbursements 329,398us-gaap_TenantReimbursements 301,167us-gaap_TenantReimbursements 279,075us-gaap_TenantReimbursements
Cleveland Medical Mart development project 0vrlp_DevelopmentAndProjectManagementRevenues 36,369vrlp_DevelopmentAndProjectManagementRevenues 235,234vrlp_DevelopmentAndProjectManagementRevenues
Fee and other income 195,745vrlp_FeeAndOtherIncome 250,618vrlp_FeeAndOtherIncome 144,124vrlp_FeeAndOtherIncome
Total revenues 2,635,940us-gaap_RealEstateRevenueNet 2,669,269us-gaap_RealEstateRevenueNet 2,649,217us-gaap_RealEstateRevenueNet
EXPENSES:      
Operating 1,064,753us-gaap_OperatingCostsAndExpenses 1,030,951us-gaap_OperatingCostsAndExpenses 988,883us-gaap_OperatingCostsAndExpenses
Depreciation and amortization 536,230us-gaap_DepreciationAndAmortization 515,724us-gaap_DepreciationAndAmortization 490,028us-gaap_DepreciationAndAmortization
General and administrative 185,924us-gaap_GeneralAndAdministrativeExpense 196,267us-gaap_GeneralAndAdministrativeExpense 190,109us-gaap_GeneralAndAdministrativeExpense
Cleveland Medical Mart development project 0vrlp_DevelopmentAndProjectManagementExpenses 32,210vrlp_DevelopmentAndProjectManagementExpenses 226,619vrlp_DevelopmentAndProjectManagementExpenses
Acquisition and transaction related costs, and impairment losses 33,391vrlp_ImpairmentAndOtherLosses 43,857vrlp_ImpairmentAndOtherLosses 25,786vrlp_ImpairmentAndOtherLosses
Total expenses 1,820,298us-gaap_OperatingExpenses 1,819,009us-gaap_OperatingExpenses 1,921,425us-gaap_OperatingExpenses
Operating income 815,642us-gaap_OperatingIncomeLoss 850,260us-gaap_OperatingIncomeLoss 727,792us-gaap_OperatingIncomeLoss
Income from Real Estate Fund 163,034vrlp_IncomeFromRealEstateFund 102,898vrlp_IncomeFromRealEstateFund 63,936vrlp_IncomeFromRealEstateFund
(Loss) income from partially owned entities (58,131)us-gaap_IncomeLossFromEquityMethodInvestments (338,785)us-gaap_IncomeLossFromEquityMethodInvestments 423,126us-gaap_IncomeLossFromEquityMethodInvestments
Interest and debt expense (467,715)us-gaap_InterestAndDebtExpense (481,304)us-gaap_InterestAndDebtExpense (484,794)us-gaap_InterestAndDebtExpense
Interest and other investment income (loss), net 38,787vrlp_InterestAndOtherInvestmentLossIncomeNet (24,876)vrlp_InterestAndOtherInvestmentLossIncomeNet (261,179)vrlp_InterestAndOtherInvestmentLossIncomeNet
Net gain on disposition of wholly owned and partially owned assets 13,568us-gaap_GainLossOnSaleOfOtherAssets 3,407us-gaap_GainLossOnSaleOfOtherAssets 13,347us-gaap_GainLossOnSaleOfOtherAssets
Income before income taxes 505,185us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 111,600us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 482,228us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax (expense) benefit (11,002)us-gaap_IncomeTaxExpenseBenefit 6,406us-gaap_IncomeTaxExpenseBenefit (8,132)us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 494,183us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 118,006us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 474,096us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income from discontinued operations 514,843us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 446,734us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 220,445us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income 1,009,026us-gaap_ProfitLoss 564,740us-gaap_ProfitLoss 694,541us-gaap_ProfitLoss
Less net income attributable to noncontrolling interests in consolidated subsidiaries (96,561)us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable (63,952)us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable (32,018)us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
Net income attributable to Vornado Realty L.P. 912,465us-gaap_NetIncomeLoss 500,788us-gaap_NetIncomeLoss 662,523us-gaap_NetIncomeLoss
Preferred unit distributions (81,514)us-gaap_PreferredStockDividendsIncomeStatementImpact (83,965)us-gaap_PreferredStockDividendsIncomeStatementImpact (86,873)us-gaap_PreferredStockDividendsIncomeStatementImpact
Preferred unit redemptions 0us-gaap_PreferredStockRedemptionDiscount (1,130)us-gaap_PreferredStockRedemptionDiscount 8,948us-gaap_PreferredStockRedemptionDiscount
NET INCOME attributable to Class A unitholders 830,951us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 415,693us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 584,598us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
INCOME (LOSS) PER CLASS A UNIT - BASIC:      
Income (loss) from continuing operations, net (in dollars per unit) $ 1.57us-gaap_IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax $ (0.16)us-gaap_IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax $ 1.82us-gaap_IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax
Income from discontinued operations, net (in dollars per unit) $ 2.60us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitBasic $ 2.25us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitBasic $ 1.13us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitBasic
Net income per Class A unit (in dollars per unit) $ 4.17us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $ 2.09us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $ 2.95us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
Weighted average units outstanding (in shares) 198,213us-gaap_WeightedAverageLimitedPartnershipUnitsOutstanding 197,551us-gaap_WeightedAverageLimitedPartnershipUnitsOutstanding 197,082us-gaap_WeightedAverageLimitedPartnershipUnitsOutstanding
INCOME (LOSS) PER CLASS A UNIT - DILUTED:      
Income (loss) from continuing operations, net (in dollars per unit) $ 1.56us-gaap_IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted $ (0.15)us-gaap_IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted $ 1.81us-gaap_IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
Income from discontinued operations, net (in dollars per unit) $ 2.58us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1 $ 2.23us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1 $ 1.12us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1
Net income per Class A unit (in dollars per unit) $ 4.14us-gaap_NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted $ 2.08us-gaap_NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted $ 2.93us-gaap_NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
Weighted average units outstanding (in shares) 199,813us-gaap_WeightedAverageLimitedPartnershipUnitsOutstandingDiluted 198,643us-gaap_WeightedAverageLimitedPartnershipUnitsOutstandingDiluted 198,134us-gaap_WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
Toys R Us [Member]      
EXPENSES:      
(Loss) income from partially owned entities (73,556)us-gaap_IncomeLossFromEquityMethodInvestments
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= vrlp_ToysRUsMember
(362,377)us-gaap_IncomeLossFromEquityMethodInvestments
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= vrlp_ToysRUsMember
14,859us-gaap_IncomeLossFromEquityMethodInvestments
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= vrlp_ToysRUsMember
All Equity Method Investees Excluding Toys [Member]      
EXPENSES:      
(Loss) income from partially owned entities $ 15,425us-gaap_IncomeLossFromEquityMethodInvestments
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= vrlp_AllEquityMethodInvesteesExcludingToysMember
$ 23,592us-gaap_IncomeLossFromEquityMethodInvestments
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= vrlp_AllEquityMethodInvesteesExcludingToysMember
$ 408,267us-gaap_IncomeLossFromEquityMethodInvestments
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= vrlp_AllEquityMethodInvesteesExcludingToysMember