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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Rental revenue, net $ 1,323,767 $ 1,245,981 $ 1,121,066
Escalation and reimbursement 196,858 178,512 164,376
Investment income 213,008 181,128 178,815
Other income 130,348 57,208 55,721
Total revenues 1,863,981 1,662,829 1,519,978
Expenses      
Operating expenses, including $21,890 in 2016, $20,071 in 2015, and $19,308 in 2014 of related party expenses 312,859 301,624 282,283
Real estate taxes 248,388 232,702 217,843
Ground rent 33,261 32,834 32,307
Interest expense, net of interest income 321,199 323,870 317,400
Amortization of deferred financing costs 24,564 27,348 22,377
Depreciation and amortization 821,041 560,887 371,610
Transaction related costs 7,528 11,430 8,707
Marketing, general and administrative 99,759 94,873 92,488
Total expenses 1,868,599 1,585,568 1,345,015
(Loss) 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, (loss) gain on sale of marketable securities and loss on early extinguishment of debt (4,618) 77,261 174,963
Equity in net income from unconsolidated joint ventures 11,874 13,028 26,537
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 44,009 15,844 123,253
Purchase price fair value adjustment 0 40,078 67,446
Gain on sale of real estate, net 238,116 175,974 0
Depreciable real estate reserves (10,387) (19,226) 0
(Loss) gain on sale of investment in marketable securities (83) 0 3,895
Loss on early extinguishment of debt 0 (49) (32,365)
Income from continuing operations 278,911 302,910 363,729
Net income from discontinued operations 0 427 19,075
Gain on sale of discontinued operations 0 14,122 163,059
Net income 278,911 317,459 545,863
Net income attributable to noncontrolling interests:      
Noncontrolling interests in the Operating Partnership (10,136) (10,565) (18,467)
Net income attributable to noncontrolling interests in other partnerships (7,644) (15,843) (6,590)
Preferred unit distributions (11,235) (6,967) (2,750)
Net income (loss) attributable to SL Green/SLGOP 249,896 284,084 518,056
Preferred stock/unit redemption costs 0 0 0
Perpetual preferred stock dividends (14,950) (14,952) (14,952)
Amounts attributable to SL Green common stockholders:      
(Loss) income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (25,552) 50,502 143,466
Purchase price fair value adjustment 0 38,563 65,059
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 42,189 15,245 118,891
Net income from discontinued operations 0 411 18,400
Gain on sale of discontinued operations 0 13,588 157,288
Gain on sale of real estate 228,266 169,322 0
Depreciable real estate reserves (9,957) (18,499) 0
Net income attributable to SL Green common stockholders $ 234,946 $ 269,132 $ 503,104
Basic earnings per share:      
Income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (usd per share) $ (0.26) $ 0.51 $ 1.50
Purchase price fair value adjustment (usd per share) 0.00 0.39 0.68
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.42 0.15 1.24
Net income from discontinued operations (usd per share) 0.00 0.00 0.19
Gain on sale of discontinued operations (usd per share) 0.00 0.14 1.64
Gain on sale of real estate (in dollars per share) 2.29 1.71 0.00
Depreciable real estate reserves (in dollars per share) (0.10) (0.19) 0.00
Net income attributable to SL Green common stockholders (usd per share) 2.35 2.71 5.25
Diluted earnings per share:      
Income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (usd per share) (0.25) 0.51 1.52
Purchase price fair value adjustment (usd per share) 0.00 0.39 0.65
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.42 0.15 1.24
Net income from discontinued operations (usd per share) 0.00 0.00 0.19
Gain on sale of discontinued operations (usd per share) 0.00 0.14 1.63
Gain on sale of real estate (in dollars per share) 2.27 1.70 0.00
Depreciable real estate reserves (in dollars per share) (0.10) (0.19) 0.00
Net income attributable to SL Green common stockholders (usd per share) $ 2.34 $ 2.70 $ 5.23
Basic weighted average common shares outstanding (in shares) 100,185 99,345 95,774
Diluted weighted average common shares and common share equivalents outstanding (in shares) 104,881 103,734 99,696
SL Green Operating Partnership      
Revenues      
Rental revenue, net $ 1,323,767 $ 1,245,981 $ 1,121,066
Escalation and reimbursement 196,858 178,512 164,376
Investment income 213,008 181,128 178,815
Other income 130,348 57,208 55,721
Total revenues 1,863,981 1,662,829 1,519,978
Expenses      
Operating expenses, including $21,890 in 2016, $20,071 in 2015, and $19,308 in 2014 of related party expenses 312,859 301,624 282,283
Real estate taxes 248,388 232,702 217,843
Ground rent 33,261 32,834 32,307
Interest expense, net of interest income 321,199 323,870 317,400
Amortization of deferred financing costs 24,564 27,348 22,377
Depreciation and amortization 821,041 560,887 371,610
Transaction related costs 7,528 11,430 8,707
Marketing, general and administrative 99,759 94,873 92,488
Total expenses 1,868,599 1,585,568 1,345,015
(Loss) 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, (loss) gain on sale of marketable securities and loss on early extinguishment of debt (4,618) 77,261 174,963
Equity in net income from unconsolidated joint ventures 11,874 13,028 26,537
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 44,009 15,844 123,253
Purchase price fair value adjustment 0 40,078 67,446
Gain on sale of real estate, net 238,116 175,974 0
Depreciable real estate reserves (10,387) (19,226) 0
(Loss) gain on sale of investment in marketable securities (83) 0 3,895
Loss on early extinguishment of debt 0 (49) (32,365)
Income from continuing operations 278,911 302,910 363,729
Net income from discontinued operations 0 427 19,075
Gain on sale of discontinued operations 0 14,122 163,059
Net income 278,911 317,459 545,863
Net income attributable to noncontrolling interests:      
Net income attributable to noncontrolling interests in other partnerships (7,644) (15,843) (6,590)
Preferred unit distributions (11,235) (6,967) (2,750)
Net income (loss) attributable to SL Green/SLGOP 260,032 294,649 536,523
Preferred stock/unit redemption costs 0 0 0
Perpetual preferred stock dividends (14,950) (14,952) (14,952)
Net income attributable to SLGOP common unitholders 245,082 279,697 521,571
Amounts attributable to SL Green common stockholders:      
(Loss) income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (26,656) 52,478 148,738
Purchase price fair value adjustment 0 40,078 67,446
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 44,009 15,844 123,253
Net income from discontinued operations 0 427 19,075
Gain on sale of discontinued operations 0 14,122 163,059
Gain on sale of real estate 238,116 175,974 0
Depreciable real estate reserves $ (10,387) $ (19,226) $ 0
Basic earnings per share:      
Income from continuing operations before gains on sale and discontinued operations (usd per share) $ (0.26) $ 0.51 $ 1.50
Purchase price fair value adjustment (usd per share) 0.00 0.39 0.68
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.42 0.15 1.24
Net income from discontinued operations (usd per share) 0.00 0.00 0.19
Gain on sale of discontinued operations (usd per share) 0.00 0.14 1.64
Gain on sale of real estate (in dollars per share) 2.29 1.71 0.00
Depreciable real estate reserves (in dollars per share) (0.10) (0.19) 0.00
Net income attributable to SLGOP common unitholders (usd per share) 2.35 2.71 5.25
Diluted earnings per share:      
Income from continuing operations before gains on sale and discontinued operations (usd per share) (0.25) 0.51 1.52
Purchase price fair value adjustment (usd per share) 0.00 0.39 0.65
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.42 0.15 1.24
Net income from discontinued operations (usd per share) 0.00 0.00 0.19
Gain on sale of discontinued operations (usd per share) 0.00 0.14 1.63
Gain on sale of real estate (in dollars per share) 2.27 1.70 0.00
Depreciable real estate reserves (in dollars per share) (0.10) (0.19) 0.00
Net income attributable to SLGOP common unitholders (usd per share) $ 2.34 $ 2.70 $ 5.23
Basic weighted average common units outstanding (in shares) 104,508 103,244 99,288
Diluted weighted average common units and common unit equivalents outstanding (in shares) 104,881 103,734 99,696