XML 17 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Commercial real estate properties, at cost:    
Land and land interests $ 3,295,050 $ 3,309,710
Building and improvements 7,977,713 7,948,852
Building leasehold and improvements 1,439,083 1,437,325
Properties under capital lease 47,445 47,445
Total commercial real estate properties, at cost 12,759,291 12,743,332
Less: accumulated depreciation (2,372,082) (2,264,694)
Total commercial real estate properties, net 10,387,209 10,478,638
Assets held for sale 54,694 0
Cash and cash equivalents 468,035 279,443
Restricted cash 71,215 90,524
Investments in marketable securities 29,260 85,110
Tenant and other receivables, net of allowance of $16,634 and $16,592 in 2017 and 2016, respectively 52,197 53,772
Related party receivables 19,067 15,856
Deferred rents receivable, net of allowance of $24,079 and $25,203 in 2017 and 2016, respectively 453,747 442,179
Debt and preferred equity investments, net of discounts and deferred origination fees of $16,316 and $16,705 in 2017 and 2016, respectively 1,627,836 1,640,412
Investments in unconsolidated joint ventures 1,861,077 1,890,186
Deferred costs, net 267,948 267,600
Other assets 584,986 614,067
Total assets 15,877,271 15,857,787
Liabilities    
Mortgages and other loans payable, net 4,167,270 4,073,830
Unsecured term loan, net 1,179,861 1,179,521
Unsecured Debt 1,132,354 1,128,315
Accrued interest payable 33,859 36,052
Other liabilities 162,964 206,238
Accounts payable and accrued expenses 169,244 190,583
Deferred revenue 235,208 217,955
Capital lease obligations 42,305 42,132
Deferred land leases payable 2,747 2,583
Dividend and distributions payable 87,617 87,271
Security deposits 66,807 66,504
Liabilities related to assets held for sale 43 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities 7,380,279 7,330,984
Commitments and contingencies
Noncontrolling interests in Operating Partnership 491,298 473,882
Preferred units 302,010 302,010
Equity    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both March 31, 2017 and December 31, 2016 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 101,831 and 101,617 issued and outstanding at March 31, 2017 and December 31, 2016, respectively (including 1,055 shares held in treasury at March 31, 2017 and December 31, 2016) 1,019 1,017
Additional paid-in-capital 5,651,089 5,624,545
Treasury stock at cost (124,049) (124,049)
Accumulated other comprehensive income 16,511 22,137
Retained earnings 1,496,759 1,578,893
Total SL Green stockholders' equity 7,263,261 7,324,475
Noncontrolling interests in other partnerships 440,423 426,436
Total equity 7,703,684 7,750,911
SL Green stockholders equity:    
Total liabilities and equity/capital 15,877,271 15,857,787
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 3,295,050 3,309,710
Building and improvements 7,977,713 7,948,852
Building leasehold and improvements 1,439,083 1,437,325
Properties under capital lease 47,445 47,445
Total commercial real estate properties, at cost 12,759,291 12,743,332
Less: accumulated depreciation (2,372,082) (2,264,694)
Total commercial real estate properties, net 10,387,209 10,478,638
Assets held for sale 54,694 0
Cash and cash equivalents 468,035 279,443
Restricted cash 71,215 90,524
Investments in marketable securities 29,260 85,110
Tenant and other receivables, net of allowance of $16,634 and $16,592 in 2017 and 2016, respectively 52,197 53,772
Related party receivables 19,067 15,856
Deferred rents receivable, net of allowance of $24,079 and $25,203 in 2017 and 2016, respectively 453,747 442,179
Debt and preferred equity investments, net of discounts and deferred origination fees of $16,316 and $16,705 in 2017 and 2016, respectively 1,627,836 1,640,412
Investments in unconsolidated joint ventures 1,861,077 1,890,186
Deferred costs, net 267,948 267,600
Other assets 584,986 614,067
Total assets 15,877,271 15,857,787
Liabilities    
Mortgages and other loans payable, net 4,167,270 4,073,830
Unsecured term loan, net 1,179,861 1,179,521
Unsecured Debt 1,132,354 1,128,315
Accrued interest payable 33,859 36,052
Other liabilities 162,964 206,238
Accounts payable and accrued expenses 169,244 190,583
Deferred revenue 235,208 217,955
Capital lease obligations 42,305 42,132
Deferred land leases payable 2,747 2,583
Dividend and distributions payable 87,617 87,271
Security deposits 66,807 66,504
Liabilities related to assets held for sale 43 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities 7,380,279 7,330,984
Commitments and contingencies
Noncontrolling interests in Operating Partnership 491,298 473,882
Limited partner interests in SLGOP (4,563 and 4,364 limited partner common units outstanding at March 31, 2017 and December 31, 2016, respectively) 491,298 473,882
Preferred units 302,010 302,010
Equity    
Accumulated other comprehensive income 16,511 22,137
SL Green stockholders equity:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both March 31, 2017 and December 31, 2016 221,932 221,932
SL Green partners' capital (1,053 and 1,049 general partner common units and 99,723 and 99,513 limited partner common units outstanding at March 31, 2017 and December 31, 2016, respectively) 7,024,818 7,080,406
Total SLGOP partners' capital 7,263,261 7,324,475
Noncontrolling interests in other partnerships 440,423 426,436
Total capital 7,703,684 7,750,911
Total liabilities and equity/capital $ 15,877,271 $ 15,857,787