XML 53 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating Activities    
Net income $ 106,921 $ 182,243
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 264,833 249,950
Depreciable real estate reserves 2,150 0
Equity in net income from unconsolidated joint ventures (4,251) (80,988)
Distributions of cumulative earnings from unconsolidated joint ventures 21,723 84,182
Purchase price fair value adjustment 2,305 0
Equity in net loss (gain) on sale of interest in unconsolidated joint venture/real estate 3,937 (17,776)
Gain on sale of discontinued operations (14,900) (6,627)
Loan loss and other investment reserves, net of recoveries 0 564
Gain on sale of investments in marketable securities 0 (2,237)
Loss on early extinguishment of debt 10,968 0
Deferred rents receivable (44,021) (50,910)
Other non-cash adjustments (31,808) (864)
Changes in operating assets and liabilities:    
Restricted cash — operations 1,254 (12,557)
Tenant and other receivables (3,018) (8,500)
Related party receivables (187) (3,792)
Deferred lease costs (28,502) (37,885)
Other assets (23,316) (44,915)
Accounts payable, accrued expenses and other liabilities 23,635 11,309
Deferred revenue and land leases payable 22,731 8,997
Net cash provided by operating activities 310,454 270,194
Investing Activities    
Acquisitions of real estate property (58,185) (405,318)
Additions to land, buildings and improvements (108,849) (107,425)
Escrowed cash — capital improvements/acquisition (246,682) (68,692)
Investments in unconsolidated joint ventures (120,130) (159,524)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 19,795 48,510
Net proceeds from disposition of real estate/joint venture interest 218,701 70,367
Other investments (26,003) (28,911)
Debt and preferred equity and other investments, net of repayments/participations 78,888 (172,411)
Net cash used in investing activities (242,465) (823,404)
Financing Activities    
Proceeds from mortgages and other loans payable 980,333 1,113,500
Repayments of mortgages and other loans payable (1,027,201) (484,518)
Proceeds from credit facility and senior unsecured notes 844,000 813,339
Repayments of credit facility and senior unsecured notes (578,970) (1,065,793)
Proceeds from stock options exercised and DRIP issuance 10,452 112,447
Net proceeds from sale of common stock/preferred stock 41,758 423,544
Redemption of preferred stock (192,500) (200,013)
Sale or purchase of treasury stock 6,089 (11,197)
Distributions to noncontrolling interests in other partnerships (11,809) (15,622)
Contributions from noncontrolling interests in other partnerships 3,781 19,181
Distributions to noncontrolling interests in the Operating Partnership (2,695) (2,385)
Dividends paid on common and preferred stock (113,192) (91,272)
Deferred loan costs and capitalized lease obligations (8,921) (33,830)
Net cash (used in) provided by financing activities (48,875) 577,381
Net increase in cash and cash equivalents 19,114 24,171
Cash and cash equivalents at beginning of period 189,984 138,192
Cash and cash equivalents at end of period 209,098 162,363
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Issuance of common stock as deferred compensation 434 631
Issuance of units in the Operating Partnership 14,270 40,542
Redemption of units in the Operating Partnership 17,287 17,467
Derivative instruments at fair value 494 375
Assignment of debt investment to joint venture 0 25,362
Mortgage assigned upon asset sale 0 59,099
Tenant improvements and capital expenditures payable 9,855 10,056
Assumption of mortgage loans 84,642 0
Fair value adjustment to noncontrolling interest in the Operating Partnership 38,452 44,893
Accrued acquisition liabilities 0 4,372
Deferred leasing payable 2,849 509
Capital leased asset 9,992 0
Transfer to net assets held for sale 0 86,339
Transfer to liabilities related to net assets held for sale 0 62,792
Repayment of mezzanine loan 0 3,750
Redemption of Series E units 0 31,698
Repayment of financing receivable 0 28,195
Consolidation of real estate investment 90,934 0
Investment in joint venture 0 5,135
SL Green Operating Partnership
   
Operating Activities    
Net income 106,921 182,243
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 264,833 249,950
Depreciable real estate reserves 2,150 0
Equity in net income from unconsolidated joint ventures (4,251) (80,988)
Distributions of cumulative earnings from unconsolidated joint ventures 21,723 84,182
Purchase price fair value adjustment 2,305 0
Equity in net loss (gain) on sale of interest in unconsolidated joint venture/real estate 3,937 (17,776)
Gain on sale of discontinued operations (14,900) (6,627)
Loan loss and other investment reserves, net of recoveries 0 564
Gain on sale of investments in marketable securities 0 (2,237)
Loss on early extinguishment of debt 10,968 0
Deferred rents receivable (44,021) (50,910)
Other non-cash adjustments (31,808) (864)
Changes in operating assets and liabilities:    
Restricted cash — operations 1,254 (12,557)
Tenant and other receivables (3,018) (8,500)
Related party receivables (187) (3,792)
Deferred lease costs (28,502) (37,885)
Other assets (23,316) (44,915)
Accounts payable, accrued expenses and other liabilities 23,635 11,309
Deferred revenue and land leases payable 22,731 8,997
Net cash provided by operating activities 310,454 270,194
Investing Activities    
Acquisitions of real estate property (58,185) (405,318)
Additions to land, buildings and improvements (108,849) (107,425)
Escrowed cash — capital improvements/acquisition (246,682) (68,692)
Investments in unconsolidated joint ventures (120,130) (159,524)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 19,795 48,510
Net proceeds from disposition of real estate/joint venture interest 218,701 70,367
Other investments (26,003) (28,911)
Debt and preferred equity and other investments, net of repayments/participations 78,888 (172,411)
Net cash used in investing activities (242,465) (823,404)
Financing Activities    
Proceeds from mortgages and other loans payable 980,333 1,113,500
Repayments of mortgages and other loans payable (1,027,201) (484,518)
Proceeds from credit facility and senior unsecured notes 844,000 813,339
Repayments of credit facility and senior unsecured notes (578,970) (1,065,793)
Proceeds from stock options exercised and DRIP issuance 10,452 112,447
Net proceeds from sale of common stock/preferred stock 41,758 423,544
Redemption of preferred stock (192,500) (200,013)
Sale or purchase of treasury stock 6,089 (11,197)
Distributions to noncontrolling interests in other partnerships (11,809) (15,622)
Contributions from noncontrolling interests in other partnerships 3,781 19,181
Dividends paid on common and preferred stock (115,887) (93,657)
Deferred loan costs and capitalized lease obligations (8,921) (33,830)
Net cash (used in) provided by financing activities (48,875) 577,381
Net increase in cash and cash equivalents 19,114 24,171
Cash and cash equivalents at beginning of period 189,984 138,192
Cash and cash equivalents at end of period 209,098 162,363
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Issuance of common stock as deferred compensation 434 631
Issuance of units in the Operating Partnership 14,270 40,542
Redemption of units in the Operating Partnership 17,287 17,467
Derivative instruments at fair value 494 375
Assignment of debt investment to joint venture 0 25,362
Mortgage assigned upon asset sale 0 59,099
Tenant improvements and capital expenditures payable 9,855 10,056
Assumption of mortgage loans 84,642 0
Accrued acquisition liabilities 0 4,372
Deferred leasing payable 2,849 509
Capital leased asset 9,992 0
Transfer to net assets held for sale 0 86,339
Transfer to liabilities related to net assets held for sale 0 62,792
Repayment of mezzanine loan 0 3,750
Redemption of Series E units 0 31,698
Repayment of financing receivable 0 28,195
Consolidation of real estate investment 90,934 0
Investment in joint venture $ 0 $ 5,135