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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Commercial real estate properties, at cost:    
Land and land interests $ 2,936,879 $ 3,309,710
Building and improvements 7,476,108 7,948,852
Building leasehold and improvements 1,441,587 1,437,325
Properties under capital lease 47,445 47,445
Total commercial real estate properties, at cost 11,902,019 12,743,332
Less: accumulated depreciation (2,397,299) (2,264,694)
Total commercial real estate properties, net 9,504,720 10,478,638
Assets held for sale 119,224 0
Cash and cash equivalents 270,965 279,443
Restricted cash 109,959 90,524
Investments in marketable securities 29,524 85,110
Tenant and other receivables, net of allowance of $17,677 and $16,592 in 2017 and 2016, respectively 50,946 53,772
Related party receivables 23,725 15,856
Deferred rents receivable, net of allowance of $23,270 and $25,203 in 2017 and 2016, respectively 385,040 442,179
Debt and preferred equity investments, net of discounts and deferred origination fees of $15,079 and $16,705 in 2017 and 2016, respectively 1,986,413 1,640,412
Investments in unconsolidated joint ventures 2,219,371 1,890,186
Deferred costs, net 249,724 267,600
Other assets 360,096 614,067
Total assets [1] 15,309,707 15,857,787
Liabilities    
Mortgages and other loans payable, net 3,813,976 4,073,830
Revolving credit facility, net 195,125 0
Unsecured term loan, net 1,180,217 1,179,521
Unsecured notes, net 1,086,936 1,128,315
Accrued interest payable 36,478 36,052
Other liabilities 195,940 206,238
Accounts payable and accrued expenses 134,294 190,583
Deferred revenue 229,692 217,955
Capital lease obligations 42,480 42,132
Deferred land leases payable 2,911 2,583
Dividend and distributions payable 86,081 87,271
Security deposits 68,286 66,504
Liabilities related to assets held for sale 106 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 7,172,522 7,330,984
Commitments and contingencies
Noncontrolling interests in Operating Partnership 487,660 473,882
Preferred units 301,885 302,010
Equity    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both June 30, 2017 and December 31, 2016 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 99,422 and 101,617 issued and outstanding at June 30, 2017 and December 31, 2016, respectively (including 1,055 shares held in treasury at June 30, 2017 and December 31, 2016) 995 1,017
Additional paid-in-capital 5,391,038 5,624,545
Treasury stock at cost (124,049) (124,049)
Accumulated other comprehensive income 14,354 22,137
Retained earnings 1,431,442 1,578,893
Total SL Green stockholders' equity 6,935,712 7,324,475
Noncontrolling interests in other partnerships 411,928 426,436
Total equity 7,347,640 7,750,911
SL Green stockholders equity:    
Total liabilities and equity/capital 15,309,707 15,857,787
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 2,936,879 3,309,710
Building and improvements 7,476,108 7,948,852
Building leasehold and improvements 1,441,587 1,437,325
Properties under capital lease 47,445 47,445
Total commercial real estate properties, at cost 11,902,019 12,743,332
Less: accumulated depreciation (2,397,299) (2,264,694)
Total commercial real estate properties, net 9,504,720 10,478,638
Assets held for sale 119,224 0
Cash and cash equivalents 270,965 279,443
Restricted cash 109,959 90,524
Investments in marketable securities 29,524 85,110
Tenant and other receivables, net of allowance of $17,677 and $16,592 in 2017 and 2016, respectively 50,946 53,772
Related party receivables 23,725 15,856
Deferred rents receivable, net of allowance of $23,270 and $25,203 in 2017 and 2016, respectively 385,040 442,179
Debt and preferred equity investments, net of discounts and deferred origination fees of $15,079 and $16,705 in 2017 and 2016, respectively 1,986,413 1,640,412
Investments in unconsolidated joint ventures 2,219,371 1,890,186
Deferred costs, net 249,724 267,600
Other assets 360,096 614,067
Total assets [2] 15,309,707 15,857,787
Liabilities    
Mortgages and other loans payable, net 3,813,976 4,073,830
Revolving credit facility, net 195,125 0
Unsecured term loan, net 1,180,217 1,179,521
Unsecured notes, net 1,086,936 1,128,315
Accrued interest payable 36,478 36,052
Other liabilities 195,940 206,238
Accounts payable and accrued expenses 134,294 190,583
Deferred revenue 229,692 217,955
Capital lease obligations 42,480 42,132
Deferred land leases payable 2,911 2,583
Dividend and distributions payable 86,081 87,271
Security deposits 68,286 66,504
Liabilities related to assets held for sale 106 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [2] 7,172,522 7,330,984
Commitments and contingencies
Noncontrolling interests in Operating Partnership 487,660 473,882
Limited partner interests in SLGOP (4,562 and 4,364 limited partner common units outstanding at June 30, 2017 and December 31, 2016, respectively) 487,660 473,882
Preferred units 301,885 302,010
Equity    
Accumulated other comprehensive income 14,354 22,137
SL Green stockholders equity:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both June 30, 2017 and December 31, 2016 221,932 221,932
SL Green partners' capital (1,029 and 1,049 general partner common units and 97,338 and 99,513 limited partner common units outstanding at June 30, 2017 and December 31, 2016, respectively) 6,699,426 7,080,406
Total SLGOP partners' capital 6,935,712 7,324,475
Noncontrolling interests in other partnerships 411,928 426,436
Total capital 7,347,640 7,750,911
Total liabilities and equity/capital $ 15,309,707 $ 15,857,787
[1] The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $384.0 million and $412.3 million of land, $1.4 billion and $1.5 billion of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $47.4 million and $47.4 million of properties under capital lease, $311.8 million and $327.2 million of accumulated depreciation, $390.5 million and $289.0 million of other assets included in other line items, $626.7 million and $621.8 million of real estate debt, net, $2.5 million and $2.2 million of accrued interest payable, $42.5 million and $42.1 million of capital lease obligations, and $102.3 million and $118.0 million of other liabilities included in other line items as of June 30, 2017 and December 31, 2016, respectively.
[2] The Operating Partnership's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs: $384.0 million and $412.3 million of land, $1.4 billion and $1.5 billion of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $47.4 million and $47.4 million of properties under capital lease, $311.8 million and $327.2 million of accumulated depreciation, $390.5 million and $289.0 million of other assets included in other line items, $626.7 million and $621.8 million of real estate debt, net, $2.5 million and $2.2 million of accrued interest payable, $42.5 million and $42.1 million of capital lease obligations, and $102.3 million and $118.0 million of other liabilities included in other line items as of June 30, 2017 and December 31, 2016, respectively.