XML 26 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net income $ 924 $ 32,503
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 98,895 187,240
Equity in net income from unconsolidated joint ventures (6,614) (10,096)
Distributions of cumulative earnings from unconsolidated joint ventures 5,468 8,891
Equity in net gain on sale of interest in unconsolidated joint venture interest/real estate (2,047) (9,915)
Depreciable real estate reserves 56,272 0
Gain on sale of real estate, net (567) (13,773)
Gain on sale of investment in marketable securities (3,262) 0
Deferred rents receivable (11,722) (652)
Other non-cash adjustments 20,716 [1] (14,920)
Changes in operating assets and liabilities:    
Restricted cash—operations 5,539 (5,318)
Tenant and other receivables 1,272 7,829
Related party receivables (3,211) (4,503)
Deferred lease costs (9,421) (13,133)
Other assets (45,356) (46,736)
Accounts payable, accrued expenses and other liabilities and security deposits (16,327) (20,630)
Deferred revenue and land leases payable 25,600 17,303
Net cash provided by operating activities 116,159 114,090
Investing Activities    
Acquisitions of real estate property 0 (37,728)
Additions to land, buildings and improvements (101,090) (62,500)
Escrowed cash—capital improvements/acquisition deposits/deferred purchase price 12,483 60,059
Investments in unconsolidated joint ventures (8,000) (6,603)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 37,811 95,004
Net proceeds from disposition of real estate/joint venture interest 3,000 139,594
Proceeds from sale of marketable securities 54,363 0
Other investments 21,721 (4,103)
Origination of debt and preferred equity investments (402,453) (117,119)
Repayments or redemption of debt and preferred equity investments 411,969 272,253
Net cash provided by investing activities 29,804 338,857
Financing Activities    
Proceeds from mortgages and other loans payable 778,445 227,892
Repayments of mortgages and other loans payable (680,572) (127,695)
Proceeds from revolving credit facility and senior unsecured notes 277,800 520,000
Repayments of revolving credit facility and senior unsecured notes (277,800) (994,296)
Proceeds from stock options exercised and DRIP issuance 8,808 1,256
Repurchase of common stock (102) 0
Redemption of preferred stock 0 (440)
Distributions to noncontrolling interests in other partnerships (469) (7,905)
Contributions from noncontrolling interests in other partnerships 31,947 934
Distributions to noncontrolling interests in the Operating Partnership (3,537) (2,881)
Dividends/Distributions paid on common and preferred stock/units (84,179) (78,103)
Other obligations related to mortgage loan participations 0 76,500
Deferred loan costs and capitalized lease obligation (7,712) (7,403)
Net cash provided by (used in) financing activities 42,629 (392,141)
Net increase in cash and cash equivalents 188,592 60,806
Cash and cash equivalents at beginning of year 279,443 255,399
Cash and cash equivalents at end of period 468,035 316,205
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Issuance of units in the Operating Partnership 18,240 18,140
Redemption of units in the Operating Partnership for stock 13,112 7,153
Exchange of debt investment for equity in joint venture 0 68,581
Tenant improvements and capital expenditures payable 7,087 18,165
Fair value adjustment to noncontrolling interest in Operating Partnership 15,548 25,867
Transfer of assets related to assets held for sale 54,694 1,891,575
Transfer of liabilities related to assets held for sale 43 1,612,001
Deferred leasing payable 1,455 1,699
Transfer of assets related to assets held for sale 2,043 4,822
SL Green Operating Partnership    
Operating Activities    
Net income 924 32,503
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 98,895 187,240
Equity in net income from unconsolidated joint ventures (6,614) (10,096)
Distributions of cumulative earnings from unconsolidated joint ventures 5,468 8,891
Equity in net gain on sale of interest in unconsolidated joint venture interest/real estate (2,047) (9,915)
Depreciable real estate reserves 56,272 0
Gain on sale of real estate, net (567) (13,773)
Gain on sale of investment in marketable securities (3,262) 0
Deferred rents receivable (11,722) (652)
Other non-cash adjustments 20,716 (14,920)
Changes in operating assets and liabilities:    
Restricted cash—operations 5,539 (5,318)
Tenant and other receivables 1,272 7,829
Related party receivables (3,211) (4,503)
Deferred lease costs (9,421) (13,133)
Other assets (45,356) (46,736)
Accounts payable, accrued expenses and other liabilities and security deposits (16,327) (20,630)
Deferred revenue and land leases payable 25,600 17,303
Net cash provided by operating activities 116,159 114,090
Investing Activities    
Acquisitions of real estate property 0 (37,728)
Additions to land, buildings and improvements (101,090) (62,500)
Escrowed cash—capital improvements/acquisition deposits/deferred purchase price 12,483 60,059
Investments in unconsolidated joint ventures (8,000) (6,603)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 37,811 95,004
Net proceeds from disposition of real estate/joint venture interest 3,000 139,594
Proceeds from sale of marketable securities 54,363 0
Other investments 21,721 (4,103)
Origination of debt and preferred equity investments (402,453) (117,119)
Repayments or redemption of debt and preferred equity investments 411,969 272,253
Net cash provided by investing activities 29,804 338,857
Financing Activities    
Proceeds from mortgages and other loans payable 778,445 227,892
Repayments of mortgages and other loans payable (680,572) (127,695)
Proceeds from revolving credit facility and senior unsecured notes 277,800 520,000
Repayments of revolving credit facility and senior unsecured notes (277,800) (994,296)
Proceeds from stock options exercised and DRIP issuance 8,808 1,256
Repurchase of common stock (102) 0
Redemption of preferred stock 0 (440)
Distributions to noncontrolling interests in other partnerships (469) (7,905)
Contributions from noncontrolling interests in other partnerships 31,947 934
Dividends/Distributions paid on common and preferred stock/units (87,716) (80,984)
Other obligations related to mortgage loan participations 0 76,500
Deferred loan costs and capitalized lease obligation (7,712) (7,403)
Net cash provided by (used in) financing activities 42,629 (392,141)
Net increase in cash and cash equivalents 188,592 60,806
Cash and cash equivalents at beginning of year 279,443 255,399
Cash and cash equivalents at end of period 468,035 316,205
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Issuance of units in the Operating Partnership 18,240 18,140
Redemption of units in the Operating Partnership for stock 13,112 7,153
Exchange of debt investment for equity in joint venture 4,734 8,141
Transfer of restricted cash to operating cash and cash equivalents as a result of sale 0 68,581
Tenant improvements and capital expenditures payable 0 22,750
Capital lease assets   18,165
Transfer of assets related to assets held for sale 54,694  
Transfer of liabilities related to assets held for sale 43  
Deferred leasing payable 1,455  
Transfer of assets related to assets held for sale 2,043 1,891,575
Deconsolidation of a subsidiary (2)   1,612,001
Issuance of SLG's common stock to consolidated joint venture   4,822
Common Stock | SL Green Operating Partnership    
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Issuance of stock/units   1,699
Preferred Units    
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Issuance of preferred units relating to a real estate acquisition $ 0 $ 22,750
[1] Text selection found with no content.