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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Commercial real estate properties, at cost:    
Land and land interests $ 2,917,993 $ 3,309,710
Building and improvements 7,468,436 7,948,852
Building leasehold and improvements 1,444,698 1,437,325
Properties under capital lease 47,445 47,445
Total commercial real estate properties, at cost 11,878,572 12,743,332
Less: accumulated depreciation (2,457,071) (2,264,694)
Total commercial real estate properties, net 9,421,501 10,478,638
Assets held for sale 127,663 0
Cash and cash equivalents 241,489 279,443
Restricted cash 107,763 90,524
Investments in marketable securities 28,802 85,110
Tenant and other receivables, net of allowance of $18,365 and $16,592 in 2017 and 2016, respectively 54,663 53,772
Related party receivables 24,068 15,856
Deferred rents receivable, net of allowance of $21,257 and $25,203 in 2017 and 2016, respectively 393,793 442,179
Debt and preferred equity investments, net of discounts and deferred origination fees of $24,782 and $16,705 in 2017 and 2016, respectively 2,020,739 1,640,412
Investments in unconsolidated joint ventures 2,045,796 1,890,186
Deferred costs, net 247,981 267,600
Other assets 395,612 614,067
Total assets [1] 15,109,870 15,857,787
Liabilities    
Mortgages and other loans payable, net 3,804,174 4,073,830
Revolving credit facility, net 275,832 0
Unsecured term loan, net 1,180,506 1,179,521
Unsecured notes, net 1,064,544 1,128,315
Accrued interest payable 34,367 36,052
Other liabilities 95,718 206,238
Accounts payable and accrued expenses 144,767 190,583
Deferred revenue 252,779 217,955
Capital lease obligations 42,660 42,132
Deferred land leases payable 3,075 2,583
Dividend and distributions payable 85,007 87,271
Security deposits 68,465 66,504
Liabilities related to assets held for sale 1,141 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 7,153,035 7,330,984
Commitments and contingencies
Noncontrolling interests in Operating Partnership 470,898 473,882
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 September 30, 2017 and December 31, 2016 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 98,501 and 101,617 issued and outstanding at September 30, 2017 and December 31, 2016, respectively (including 1,055 shares held in treasury at September 30, 2017 and December 31, 2016) 985 1,017
Additional paid-in-capital 5,294,500 5,624,545
Treasury stock at cost (124,049) (124,049)
Accumulated other comprehensive income 14,185 22,137
Retained earnings 1,410,332 1,578,893
Total SL Green stockholders' equity 6,817,885 7,324,475
Noncontrolling interests in other partnerships 366,167 426,436
Total equity 7,184,052 7,750,911
SL Green stockholders equity:    
Total liabilities and equity/capital 15,109,870 15,857,787
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 2,917,993 3,309,710
Building and improvements 7,468,436 7,948,852
Building leasehold and improvements 1,444,698 1,437,325
Properties under capital lease 47,445 47,445
Total commercial real estate properties, at cost 11,878,572 12,743,332
Less: accumulated depreciation (2,457,071) (2,264,694)
Total commercial real estate properties, net 9,421,501 10,478,638
Assets held for sale 127,663 0
Cash and cash equivalents 241,489 279,443
Restricted cash 107,763 90,524
Investments in marketable securities 28,802 85,110
Tenant and other receivables, net of allowance of $18,365 and $16,592 in 2017 and 2016, respectively 54,663 53,772
Related party receivables 24,068 15,856
Deferred rents receivable, net of allowance of $21,257 and $25,203 in 2017 and 2016, respectively 393,793 442,179
Debt and preferred equity investments, net of discounts and deferred origination fees of $24,782 and $16,705 in 2017 and 2016, respectively 2,020,739 1,640,412
Investments in unconsolidated joint ventures 2,045,796 1,890,186
Deferred costs, net 247,981 267,600
Other assets 395,612 614,067
Total assets [2] 15,109,870 15,857,787
Liabilities    
Mortgages and other loans payable, net 3,804,174 4,073,830
Revolving credit facility, net 275,832 0
Unsecured term loan, net 1,180,506 1,179,521
Unsecured notes, net 1,064,544 1,128,315
Accrued interest payable 34,367 36,052
Other liabilities 95,718 206,238
Accounts payable and accrued expenses 144,767 190,583
Deferred revenue 252,779 217,955
Capital lease obligations 42,660 42,132
Deferred land leases payable 3,075 2,583
Dividend and distributions payable 85,007 87,271
Security deposits 68,465 66,504
Liabilities related to assets held for sale 1,141 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [2] 7,153,035 7,330,984
Commitments and contingencies
Noncontrolling interests in Operating Partnership 470,898 473,882
Limited partner interests in SLGOP (4,542 and 4,364 limited partner common units outstanding at September 30, 2017 and December 31, 2016, respectively) 470,898 473,882
Preferred units 301,885 302,010
Equity    
Accumulated other comprehensive income 14,185 22,137
SL Green stockholders equity:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both September 30, 2017 and December 31, 2016 221,932 221,932
SL Green partners' capital (1,020 and 1,049 general partner common units and 96,426 and 99,513 limited partner common units outstanding at September 30, 2017 and December 31, 2016, respectively) 6,581,768 7,080,406
Total SLGOP partners' capital 6,817,885 7,324,475
Noncontrolling interests in other partnerships 366,167 426,436
Total capital 7,184,052 7,750,911
Total liabilities and equity/capital $ 15,109,870 $ 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: $384.3 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, $323.3 million and $327.2 million of accumulated depreciation, $235.4 million and $244.2 million of other assets included in other line items, $627.8 million and $621.8 million of real estate debt, net, $2.5 million and $2.2 million of accrued interest payable, $42.7 million and $42.1 million of capital lease obligations, and $58.5 million and $73.3 million of other liabilities included in other line items as of September 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: $384.3 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, $323.3 million and $327.2 million of accumulated depreciation, $235.4 million and $244.2 million of other assets included in other line items, $627.8 million and $621.8 million of real estate debt, net, $2.5 million and $2.2 million of accrued interest payable, $42.7 million and $42.1 million of capital lease obligations, and $58.5 million and $73.3 million of other liabilities included in other line items as of September 30, 2017 and December 31, 2016, respectively.