XML 58 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Commercial real estate properties, at cost:    
Land and land interests $ 3,112,013 $ 3,032,526
Building and improvements 7,767,616 7,884,663
Building leasehold and improvements 1,375,007 1,366,281
Properties under capital lease 27,445 50,310
Total commercial real estate properties, at cost 12,282,081 12,333,780
Less: accumulated depreciation (1,695,568) (1,646,240)
Total commercial real estate properties, net 10,586,513 10,687,540
Assets held for sale 63,925 0
Cash and cash equivalents 447,162 206,692
Restricted cash 154,492 142,051
Investment in marketable securities 32,130 32,049
Tenant and other receivables, net of allowance of $18,627 and $17,325 in 2014 and 2013, respectively 47,296 60,393
Related party receivables 19,947 8,530
Deferred rents receivable, net of allowance of $27,939 and $30,333 in 2014 and 2013, respectively 378,980 386,508
Debt and preferred equity investments, net of discounts and deferred origination fees of $17,751 and $18,593 in 2014 and 2013, respectively, and allowance of $1,000 in 2013 1,493,725 1,304,839
Investments in unconsolidated joint ventures 1,061,704 1,113,218
Deferred costs, net 261,542 267,058
Other assets 815,873 750,123
Total assets 15,363,289 14,959,001
Liabilities    
Mortgages and other loans payable 4,971,022 4,860,578
Revolving credit facility 0 220,000
Term loan and senior unsecured notes 2,124,397 1,739,330
Accrued interest payable and other liabilities 112,852 114,622
Accounts payable and accrued expenses 140,346 145,889
Deferred revenue 259,929 263,261
Capitalized lease obligations 20,541 47,671
Deferred land leases payable 958 22,185
Dividend and distributions payable 52,471 52,255
Security deposits 65,077 61,308
Liabilities related to assets held for sale 49,704 0
Junior subordinate deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities 7,897,297 7,627,099
Commitments and contingencies 0 0
Noncontrolling interests in Operating Partnership 298,858 265,476
Equity    
Common stock, $0.01 par value, 160,000 shares authorized and 98,919 and 98,563 issued and outstanding at March 31, 2014 and December 31, 2013, respectively (including 3,600 and 3,570 shares held in Treasury at March 31, 2014 and December 31, 2013, respectively) 990 986
Additional paid-in-capital 5,049,507 5,015,904
Treasury stock at cost (320,076) (317,356)
Accumulated other comprehensive loss (14,872) (15,211)
Retained earnings 1,688,211 1,619,150
Total SL Green stockholders' equity 6,625,692 6,525,405
Noncontrolling interests in other partnerships 491,892 491,471
Total equity 7,117,584 7,016,876
Total liabilities and equity 15,363,289 14,959,001
Series G Preferred Units
   
Liabilities    
Preferred Units 47,550 47,550
Series H Preferred Units
   
Liabilities    
Preferred Units 2,000 2,000
Series I Preferred Stock
   
Equity    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both March 31, 2014 and December 31, 2013 221,932 221,932
SL Green Operating Partnership
   
Commercial real estate properties, at cost:    
Land and land interests 3,112,013 3,032,526
Building and improvements 7,767,616 7,884,663
Building leasehold and improvements 1,375,007 1,366,281
Properties under capital lease 27,445 50,310
Total commercial real estate properties, at cost 12,282,081 12,333,780
Less: accumulated depreciation (1,695,568) (1,646,240)
Total commercial real estate properties, net 10,586,513 10,687,540
Assets held for sale 63,925 0
Cash and cash equivalents 447,162 206,692
Restricted cash 154,492 142,051
Investment in marketable securities 32,130 32,049
Tenant and other receivables, net of allowance of $18,627 and $17,325 in 2014 and 2013, respectively 47,296 60,393
Related party receivables 19,947 8,530
Deferred rents receivable, net of allowance of $27,939 and $30,333 in 2014 and 2013, respectively 378,980 386,508
Debt and preferred equity investments, net of discounts and deferred origination fees of $17,751 and $18,593 in 2014 and 2013, respectively, and allowance of $1,000 in 2013 1,493,725 1,304,839
Investments in unconsolidated joint ventures 1,061,704 1,113,218
Deferred costs, net 261,542 267,058
Other assets 815,873 750,123
Total assets 15,363,289 14,959,001
Liabilities    
Mortgages and other loans payable 4,971,022 4,860,578
Revolving credit facility 0 220,000
Term loan and senior unsecured notes 2,124,397 1,739,330
Accrued interest payable and other liabilities 112,852 114,622
Accounts payable and accrued expenses 140,346 145,889
Deferred revenue 259,929 263,261
Capitalized lease obligations 20,541 47,671
Deferred land leases payable 958 22,185
Dividend and distributions payable 52,471 52,255
Security deposits 65,077 61,308
Liabilities related to assets held for sale 49,704 0
Junior subordinate deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities 7,897,297 7,627,099
Commitments and contingencies 0 0
Equity    
Accumulated other comprehensive loss (15,365) (15,662)
Total liabilities and equity 15,363,289 14,959,001
SLGOP partners' capital:    
SL Green partners' capital 984 and 979 general partner common units and 94,335 and 94,014 limited partner common units outstanding at March 31, 2014 and December 31, 2013, respectively) 6,636,159 6,506,747
Limited partner interests in SLGOP (3,000 and 2,902 limited partner common units outstanding at March 31, 2014 and December 31, 2013, respectively) 81,824 77,864
Total SLGOP partners' capital 6,924,550 6,790,881
Noncontrolling interests in other partnerships 491,892 491,471
Total capital 7,416,442 7,282,352
SL Green Operating Partnership | Series G Preferred Units
   
SLGOP partners' capital:    
Preferred units 47,550 47,550
SL Green Operating Partnership | Series H Preferred Units
   
SLGOP partners' capital:    
Preferred units 2,000 2,000
SL Green Operating Partnership | Series I Preferred Stock
   
SLGOP partners' capital:    
Preferred units 221,932 221,932
Total capital $ 221,932 $ 221,932