XML 82 R70.htm IDEA: XBRL DOCUMENT v3.4.0.3
Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Segment Information [Line Items]    
Total Revenues $ 613,037 $ 606,802
Total expenses 613,317 439,088
Operating (loss) income (280) 167,714
(Loss) income from partially owned entities (4,240) (2,405)
Income from real estate fund investments 11,284 24,089
Interest and other investment income, net 3,518 10,792
Interest and debt expense (100,489) (91,674)
Net gain on disposition of wholly owned and partially owned assets 714 1,860
(Loss) income before income taxes (89,493) 110,038
Income tax expense (2,831) (971)
(Loss) income from continuing operations (92,324) 109,067
Income from discontinued operations 716 16,179
Net (loss) income (91,608) 125,246
Less net income attributable to noncontrolling interests in consolidated subsidiaries (9,678) (15,882)
Net (loss) income attributable to Vornado Realty L.P. (101,286) 109,364
Interest and debt expense (2) 126,120 114,675
Depreciation and amortization (2) 174,811 156,450
Income tax expense (2) 3,261 (739)
EBITDA 202,906 379,750
Continuing Operations [Member]    
Segment Information [Line Items]    
(Loss) income from partially owned entities (4,240) (2,743)
New York Segment [Member] | Operating Segments [Member]    
Segment Information [Line Items]    
Total Revenues 410,825 399,513
Total expenses 269,595 252,760
Operating (loss) income 141,230 146,753
(Loss) income from partially owned entities (3,563)  
Interest and other investment income, net 1,115 1,862
Interest and debt expense (54,586) (45,351)
(Loss) income before income taxes 84,196 97,601
Income tax expense (959) (943)
(Loss) income from continuing operations 83,237 96,658
Income from discontinued operations   0
Net (loss) income 83,237 96,658
Less net income attributable to noncontrolling interests in consolidated subsidiaries (3,429) (1,506)
Net (loss) income attributable to Vornado Realty L.P. 79,808 95,152
Interest and debt expense (2) 71,198 58,667
Depreciation and amortization (2) 108,403 94,124
Income tax expense (2) 1,090 1,002
EBITDA 260,499 248,945
New York Segment [Member] | Operating Segments [Member] | Continuing Operations [Member]    
Segment Information [Line Items]    
(Loss) income from partially owned entities   (5,663)
Washington DC Segment [Member] | Operating Segments [Member]    
Segment Information [Line Items]    
Total Revenues 128,012 133,968
Total expenses 256,565 92,997
Operating (loss) income (128,553) 40,971
(Loss) income from partially owned entities (2,043)  
Interest and other investment income, net 58 13
Interest and debt expense (15,935) (18,160)
(Loss) income before income taxes (146,473) 22,955
Income tax expense (264) 674
(Loss) income from continuing operations (146,737) 23,629
Net (loss) income (146,737) 23,629
Net (loss) income attributable to Vornado Realty L.P. (146,737) 23,629
Interest and debt expense (2) 19,406 21,512
Depreciation and amortization (2) 42,681 40,752
Income tax expense (2) 265 (2,636)
EBITDA (84,385) 83,257
Washington DC Segment [Member] | Operating Segments [Member] | Continuing Operations [Member]    
Segment Information [Line Items]    
(Loss) income from partially owned entities   131
Other Segment [Member]    
Segment Information [Line Items]    
Total Revenues 74,200 73,321
Total expenses 87,157 93,331
Operating (loss) income (12,957) (20,010)
(Loss) income from partially owned entities 1,366  
Income from real estate fund investments 11,284 24,089
Interest and other investment income, net 2,345 8,917
Interest and debt expense (29,968) (28,163)
Net gain on disposition of wholly owned and partially owned assets 714 1,860
(Loss) income before income taxes (27,216) (10,518)
Income tax expense (1,608) (702)
(Loss) income from continuing operations (28,824) (11,220)
Income from discontinued operations 716 16,179
Net (loss) income (28,108) 4,959
Less net income attributable to noncontrolling interests in consolidated subsidiaries (6,249) (14,376)
Net (loss) income attributable to Vornado Realty L.P. (34,357) (9,417)
Interest and debt expense (2) 35,516 34,496
Depreciation and amortization (2) 23,727 21,574
Income tax expense (2) 1,906 895
EBITDA $ 26,792 47,548
Other Segment [Member] | Continuing Operations [Member]    
Segment Information [Line Items]    
(Loss) income from partially owned entities   $ 2,789