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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Rental revenue, net $ 1,245,981 $ 1,121,066 $ 996,782
Escalation and reimbursement 178,512 164,376 155,965
Investment income 181,128 178,815 193,843
Other income 57,208 55,721 24,475
Total revenues 1,662,829 1,519,978 1,371,065
Expenses      
Operating expenses, including $20,071 in 2015, $19,308 in 2014, and $19,152 in 2013 of related party expenses 301,624 282,283 276,589
Real estate taxes 232,702 217,843 203,076
Ground rent 32,834 32,307 31,951
Interest expense, net of interest income 323,870 317,400 310,894
Amortization of deferred financing costs 27,348 22,377 15,855
Depreciation and amortization 560,887 371,610 324,461
Transaction related costs 11,430 8,707 3,985
Marketing, general and administrative 94,873 92,488 86,192
Total expenses 1,585,568 1,345,015 1,253,003
Income from continuing operations before equity in net income from unconsolidated joint ventures, equity in net gain on sale of interest in unconsolidated joint venture/real estate, purchase price fair value adjustment, gain on sale of real estate, depreciable real estate reserves, gain (loss) on sale of marketable securities and loss on early extinguishment of debt 77,261 174,963 118,062
Equity in net income from unconsolidated joint ventures 13,028 26,537 9,921
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 15,844 123,253 3,601
Purchase price fair value adjustment 40,078 67,446 (2,305)
Gain on sale of real estate, net 175,974 0 0
Depreciable real estate reserves (19,226) 0 0
Gain (loss) on sale of investment in marketable securities 0 3,895 (65)
Loss on early extinguishment of debt (49) (32,365) (18,518)
Income from continuing operations 302,910 363,729 110,696
Net income from discontinued operations 427 19,075 25,687
Gain on sale of discontinued operations 14,122 163,059 14,900
Net income 317,459 545,863 151,283
Net income attributable to noncontrolling interests:      
Noncontrolling interests in the Operating Partnership (10,565) (18,467) (3,023)
Net income attributable to noncontrolling interests in other partnerships (15,843) (6,590) (10,629)
Preferred unit distributions (6,967) (2,750) (2,260)
Net income (loss) attributable to SL Green/SLGOP 284,084 518,056 135,371
Preferred stock/unit redemption costs 0 0 (12,160)
Perpetual preferred stock dividends (14,952) (14,952) (21,881)
Amounts attributable to SL Green common stockholders:      
Income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations 50,502 143,466 60,654
Purchase price fair value adjustment 38,563 65,059 (2,239)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 15,245 118,891 3,497
Net income from discontinued operations 411 18,400 24,947
Gain on sale of discontinued operations 13,588 157,288 14,471
Gain on sale of real estate 169,322 0 0
Depreciable real estate reserves (18,499) 0 0
Net income attributable to SL Green common stockholders $ 269,132 $ 503,104 $ 101,330
Basic earnings per share:      
Income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (usd per share) $ 0.51 $ 1.50 $ 0.66
Purchase price fair value adjustment (usd per share) 0.39 0.68 (0.02)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.15 1.24 0.04
Net income from discontinued operations (usd per share) 0.00 0.19 0.27
Gain on sale of discontinued operations (usd per share) 0.14 1.64 0.15
Gain on sale of real estate (in dollars per share) 1.71 0.00 0.00
Depreciable real estate reserves (in dollars per share) (0.19) 0.00 0.00
Net income attributable to SL Green common stockholders (usd per share) 2.71 5.25 1.10
Diluted earnings per share:      
Income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (usd per share) 0.51 1.52 0.66
Purchase price fair value adjustment (usd per share) 0.39 0.65 (0.03)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.15 1.24 0.04
Net income from discontinued operations (usd per share) 0.00 0.19 0.27
Gain on sale of discontinued operations (usd per share) 0.14 1.63 0.16
Gain on sale of real estate (in dollars per share) 1.70 0.00 0.00
Depreciable real estate reserves (in dollars per share) (0.19) 0.00 0.00
Net income attributable to SL Green common stockholders (usd per share) 2.70 5.23 1.10
Dividends per share/unit (usd per share) $ 2.52 $ 2.10 $ 1.49
Basic weighted average common shares outstanding (in shares) 99,345 95,774 92,269
Diluted weighted average common shares and common share equivalents outstanding (in shares) 103,734 99,696 95,266
SL Green Operating Partnership      
Revenues      
Rental revenue, net $ 1,245,981 $ 1,121,066 $ 996,782
Escalation and reimbursement 178,512 164,376 155,965
Investment income 181,128 178,815 193,843
Other income 57,208 55,721 24,475
Total revenues 1,662,829 1,519,978 1,371,065
Expenses      
Operating expenses, including $20,071 in 2015, $19,308 in 2014, and $19,152 in 2013 of related party expenses 301,624 282,283 276,589
Real estate taxes 232,702 217,843 203,076
Ground rent 32,834 32,307 31,951
Interest expense, net of interest income 323,870 317,400 310,894
Amortization of deferred financing costs 27,348 22,377 15,855
Depreciation and amortization 560,887 371,610 324,461
Transaction related costs 11,430 8,707 3,985
Marketing, general and administrative 94,873 92,488 86,192
Total expenses 1,585,568 1,345,015 1,253,003
Income from continuing operations before equity in net income from unconsolidated joint ventures, equity in net gain on sale of interest in unconsolidated joint venture/real estate, purchase price fair value adjustment, gain on sale of real estate, depreciable real estate reserves, gain (loss) on sale of marketable securities and loss on early extinguishment of debt 77,261 174,963 118,062
Equity in net income from unconsolidated joint ventures 13,028 26,537 9,921
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 15,844 123,253 3,601
Purchase price fair value adjustment 40,078 67,446 (2,305)
Gain on sale of real estate, net 175,974 0 0
Depreciable real estate reserves (19,226) 0 0
Gain (loss) on sale of investment in marketable securities 0 3,895 (65)
Loss on early extinguishment of debt (49) (32,365) (18,518)
Income from continuing operations 302,910 363,729 110,696
Net income from discontinued operations 427 19,075 25,687
Gain on sale of discontinued operations 14,122 163,059 14,900
Net income 317,459 545,863 151,283
Net income attributable to noncontrolling interests:      
Net income attributable to noncontrolling interests in other partnerships (15,843) (6,590) (10,629)
Preferred unit distributions (6,967) (2,750) (2,260)
Net income (loss) attributable to SL Green/SLGOP 294,649 536,523 138,394
Preferred stock/unit redemption costs 0 0 (12,160)
Perpetual preferred unit distributions (14,952) (14,952) (21,881)
Net income attributable to SLGOP common unitholders 279,697 521,571 104,353
Amounts attributable to SL Green common stockholders:      
Income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations 52,478 148,738 62,470
Purchase price fair value adjustment 40,078 67,446 (2,305)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 15,844 123,253 3,601
Net income from discontinued operations 427 19,075 25,687
Gain on sale of discontinued operations 14,122 163,059 14,900
Gain on sale of real estate 175,974 0 0
Depreciable real estate reserves $ (19,226) $ 0 $ 0
Basic earnings per share:      
Income from continuing operations before gains on sale and discontinued operations (usd per share) $ 0.51 $ 1.50 $ 0.66
Purchase price fair value adjustment (usd per share) 0.39 0.68 (0.02)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.15 1.24 0.04
Net income from discontinued operations (usd per share) 0.00 0.19 0.27
Gain on sale of discontinued operations (usd per share) 0.14 1.64 0.15
Gain on sale of real estate (in dollars per share) 1.71 0.00 0.00
Depreciable real estate reserves (in dollars per share) (0.19) 0.00 0.00
Net income attributable to SLGOP common unitholders (usd per share) 2.71 5.25 1.10
Diluted earnings per share:      
Income from continuing operations before gains on sale and discontinued operations (usd per share) 0.51 1.52 0.66
Purchase price fair value adjustment (usd per share) 0.39 0.65 (0.03)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.15 1.24 0.04
Net income from discontinued operations (usd per share) 0.00 0.19 0.27
Gain on sale of discontinued operations (usd per share) 0.14 1.63 0.16
Gain on sale of real estate (in dollars per share) 1.70 0.00 0.00
Depreciable real estate reserves (in dollars per share) (0.19) 0.00 0.00
Net income attributable to SLGOP common unitholders (usd per share) 2.70 5.23 1.10
Dividends per share/unit (usd per share) $ 2.52 $ 2.10 $ 1.49
Basic weighted average common units outstanding (in shares) 103,244 99,288 95,004
Diluted weighted average common units and common unit equivalents outstanding (in shares) 103,734 99,696 95,266