XML 70 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Commercial real estate properties, at cost:    
Land and land interests $ 3,032,526 $ 2,886,099
Building and improvements 7,884,663 7,389,766
Building leasehold and improvements 1,366,281 1,346,748
Properties under capital lease 50,310 40,340
Total commercial real estate properties, at cost 12,333,780 11,662,953
Less: accumulated depreciation (1,646,240) (1,393,323)
Total commercial real estate properties, net 10,687,540 10,269,630
Assets held for sale 0 4,901
Cash and cash equivalents 206,692 189,984
Restricted cash 142,051 136,071
Investment in marketable securities 32,049 21,429
Tenant and other receivables, net of allowance of $17,325 and $14,341 in 2013 and 2012, respectively 60,393 55,855
Related party receivables 8,530 7,531
Deferred rents receivable, net of allowance of $30,333 and $29,580 in 2013 and 2012, respectively 386,508 340,747
Debt and preferred equity investments, net of discounts and deferred origination fees of $18,593 and $22,341 in 2013 and 2012, and allowance of $1,000 and $7,000 in 2013 and 2012, respectively 1,304,839 1,348,434
Investments in unconsolidated joint ventures 1,113,218 1,032,243
Deferred costs, net 267,058 261,145
Other assets 750,123 718,326
Total assets 14,959,001 14,386,296
Liabilities    
Mortgages and other loans payable 4,860,578 4,615,464
Revolving credit facility 220,000 70,000
Term loan and senior unsecured notes 1,739,330 1,734,956
Accrued interest payable and other liabilities 114,622 81,080
Accounts payable and accrued expenses 145,889 159,598
Deferred revenue 263,261 312,995
Capitalized lease obligations 47,671 37,518
Deferred land leases payable 22,185 20,897
Dividend and distributions payable 52,255 37,839
Security deposits 61,308 46,253
Liabilities related to assets held for sale 0 136
Junior subordinate deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities 7,627,099 7,216,736
Commitments and contingencies 0 0
Noncontrolling interests in Operating Partnership 265,476 212,907
Equity    
Common stock, $0.01 par value, 160,000 shares authorized and 98,563 and 94,896 issued and outstanding at December 31, 2013 and 2012, respectively (including 3,570 and 3,646 shares held in Treasury at December 31, 2013 and 2012, respectively) 986 950
Additional paid-in-capital 5,015,904 4,667,900
Treasury stock at cost (317,356) (322,858)
Accumulated other comprehensive loss (15,211) (29,587)
Retained earnings 1,619,150 1,701,092
Total SL Green stockholders' equity 6,525,405 6,419,802
Noncontrolling interests in other partnerships 491,471 487,301
Total equity 7,016,876 6,907,103
Total liabilities and equity 14,959,001 14,386,296
Series G Preferred Units
   
Liabilities    
Preferred Units 47,550 47,550
Series H Preferred Units
   
Liabilities    
Preferred Units 2,000 2,000
Series C Preferred Stock
   
Equity    
Preferred stock, issued 0 180,340
Series I Preferred Stock
   
Equity    
Preferred stock, issued 221,932 221,965
SL Green Operating Partnership
   
Commercial real estate properties, at cost:    
Land and land interests 3,032,526 2,886,099
Building and improvements 7,884,663 7,389,766
Building leasehold and improvements 1,366,281 1,346,748
Properties under capital lease 50,310 40,340
Total commercial real estate properties, at cost 12,333,780 11,662,953
Less: accumulated depreciation (1,646,240) (1,393,323)
Total commercial real estate properties, net 10,687,540 10,269,630
Assets held for sale 0 4,901
Cash and cash equivalents 206,692 189,984
Restricted cash 142,051 136,071
Investment in marketable securities 32,049 21,429
Tenant and other receivables, net of allowance of $17,325 and $14,341 in 2013 and 2012, respectively 60,393 55,855
Related party receivables 8,530 7,531
Deferred rents receivable, net of allowance of $30,333 and $29,580 in 2013 and 2012, respectively 386,508 340,747
Debt and preferred equity investments, net of discounts and deferred origination fees of $18,593 and $22,341 in 2013 and 2012, and allowance of $1,000 and $7,000 in 2013 and 2012, respectively 1,304,839 1,348,434
Investments in unconsolidated joint ventures 1,113,218 1,032,243
Deferred costs, net 267,058 261,145
Other assets 750,123 718,326
Total assets 14,959,001 14,386,296
Liabilities    
Mortgages and other loans payable 4,860,578 4,615,464
Revolving credit facility 220,000 70,000
Term loan and senior unsecured notes 1,739,330 1,734,956
Accrued interest payable and other liabilities 114,622 81,080
Accounts payable and accrued expenses 145,889 159,598
Deferred revenue 263,261 312,995
Capitalized lease obligations 47,671 37,518
Deferred land leases payable 22,185 20,897
Dividend and distributions payable 52,255 37,839
Security deposits 61,308 46,253
Liabilities related to assets held for sale 0 136
Junior subordinate deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities 7,627,099 7,216,736
Commitments and contingencies 0 0
Equity    
Accumulated other comprehensive loss (15,662) (30,649)
Total liabilities and equity 14,959,001 14,386,296
SL Green stockholders equity:    
SL Green partners' capital (979 and 940 general partner common units and 94,014 and 90,310 limited partner common units outstanding at December 31, 2013 and 2012, respectively) 6,506,747 6,189,529
Limited partner interests in SLGOP (2,902 and 2,760 limited partner common units outstanding at December 31, 2013 and 2012, respectively 77,864 71,524
Total SLGOP partners' capital 6,790,881 6,632,709
Noncontrolling interests in other partnerships 491,471 487,301
Total capital 7,282,352 7,120,010
SL Green Operating Partnership | Series G Preferred Units
   
SL Green stockholders equity:    
Preferred units 47,550 47,550
SL Green Operating Partnership | Series H Preferred Units
   
SL Green stockholders equity:    
Preferred units 2,000 2,000
SL Green Operating Partnership | Series C Preferred Stock
   
SL Green stockholders equity:    
Preferred units 0 180,340
Total capital 0 180,340
SL Green Operating Partnership | Series I Preferred Stock
   
SL Green stockholders equity:    
Preferred units 221,932 221,965
Total capital $ 221,932 $ 221,965