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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income $ 101,069 $ 278,911 $ 317,459
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 419,818 845,605 588,238
Equity in net income from unconsolidated joint ventures (21,892) (11,874) (13,028)
Distributions of cumulative earnings from unconsolidated joint ventures 20,309 24,337 40,759
Equity in net gain on sale of interest in unconsolidated joint venture interest/real estate (16,166) (44,009) (15,844)
Purchase price fair value adjustment 0 0 (40,078)
Depreciable real estate reserves 178,520 10,387 19,226
Gain on sale of real estate, net (73,241) (238,116) (175,974)
Gain on sale of discontinued operations 0 0 (14,122)
(Gain) loss on sale of investments in marketable securities (3,262) 83 0
Loss on early extinguishment of debt 0 0 49
Deferred rents receivable (38,009) 26,716 (136,924)
Other non-cash adjustments [1] 17,196 (150,913) (20,671)
Changes in operating assets and liabilities:      
Restricted cash—operations 7,147 (10,811) 11,289
Tenant and other receivables (5,717) 4,780 (6,405)
Related party receivables (7,209) (5,183) 1,278
Deferred lease costs (41,939) (70,707) (61,005)
Other assets (23,068) 9,899 18,501
Accounts payable, accrued expenses and other liabilities and security deposits (11,790) (35,628) 8,634
Deferred revenue and land leases payable 46,607 1,237 5,102
Net cash provided by operating activities 548,373 634,714 526,484
Investing Activities      
Acquisitions of real estate property (13,680) (37,760) (2,653,311)
Additions to land, buildings and improvements (335,253) (411,950) (406,442)
Escrowed cash—capital improvements/acquisition deposits/deferred purchase price (3,499) 92,374 (101,000)
Investments in unconsolidated joint ventures (389,249) (84,456) (161,712)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 319,745 196,211 98,639
Proceeds from disposition of real estate/joint venture interest 639,682 2,469,719 1,216,785
Proceeds from sale of marketable securities 55,129 6,965 1,426
Purchases of marketable securities 0 (43,341) (7,769)
Other investments 25,330 7,704 (15,806)
Origination of debt and preferred equity investments (1,129,970) (977,413) (756,939)
Repayments or redemption of debt and preferred equity investments 812,914 904,517 520,218
Net cash (used in) provided by investing activities (18,851) 2,122,570 (2,265,911)
Financing Activities      
Proceeds from mortgages and other loans payable 870,459 408,293 1,849,293
Repayments of mortgages and other loans payable (902,460) (1,822,303) (781,236)
Proceeds from revolving credit facility, term loans and senior unsecured notes 2,784,599 1,325,300 2,515,000
Repayments of revolving credit facility, term loans and senior unsecured notes (2,276,782) (2,334,604) (1,706,007)
Payments of debt extinguishment costs 0 0 0
Proceeds from stock options exercised and DRSPP issuance 23,537 15,109 115,917
Proceeds from sale of common stock 0 0 124,761
Repurchase of common stock (806,302) 0 0
Redemption of preferred stock (275) (3,299) (200)
Distributions to noncontrolling interests in other partnerships (52,446) (15,419) (119,784)
Contributions from noncontrolling interests in other partnerships 36,275 2,359 12,674
Distributions to noncontrolling interests in the Operating Partnership (14,266) (12,671) (9,710)
Dividends/Distributions paid on common and preferred stock/units (333,543) (314,079) (257,378)
Other obligations related to mortgage loan participations 17,227 59,150 25,000
Deferred loan costs and capitalized lease obligation (27,100) (41,076) (54,913)
Net cash (used in) provided by financing activities (681,077) (2,733,240) 1,713,417
Net (decrease) increase in cash and cash equivalents (151,555) 24,044 (26,010)
Cash and cash equivalents at beginning of year 279,443 255,399 281,409
Cash and cash equivalents at end of period 127,888 279,443 255,399
Supplemental Cash Flow Information [Abstract]      
Interest paid 273,819 344,295 345,110
Income taxes paid 2,448 2,009 3,882
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Issuance of units in the operating partnership 25,723 78,495 30,506
Redemption of units in the operating partnership 21,574 31,806 55,697
Derivative instruments at fair value 4,397 31,826 1,816
Exchange of debt investment for equity in joint venture 0 68,581 10,151
Acquisition of subsidiary interest from noncontrolling interest 0 0 20,630
Tenant improvements and capital expenditures payable 6,667 15,972 7,755
Fair value adjustment to noncontrolling interest in operating partnership 5,712 4,222 20,915
Assumption of mortgage loan 0 0 112,795
Capital lease assets 0 0 20,000
Reclassification of development costs from other assets to real estate 0 0 47,519
Deconsolidation of a subsidiary [2] 695,204 1,226,425 27,435
Transfer of assets to assets held for sale 611,809 2,048,376 34,981
Transfer of liabilities related to assets held for sale 5,364 1,677,528 29,000
Consolidation of real estate investment 0 0 158,566
Removal of fully depreciated commercial real estate properties 15,488 31,474 241,910
Issuance of SLG's common stock to a consolidated joint venture 0 114,049 10,000
Contribution to consolidated joint venture by noncontrolling interest 0 0 22,504
Share repurchase payable 41,746 0 0
SL Green Operating Partnership      
Operating Activities      
Net income 101,069 278,911 317,459
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 419,818 845,605 588,238
Equity in net income from unconsolidated joint ventures (21,892) (11,874) (13,028)
Distributions of cumulative earnings from unconsolidated joint ventures 20,309 24,337 40,759
Equity in net gain on sale of interest in unconsolidated joint venture interest/real estate (16,166) (44,009) (15,844)
Purchase price fair value adjustment 0 0 (40,078)
Depreciable real estate reserves 178,520 10,387 19,226
Gain on sale of real estate, net (73,241) (238,116) (175,974)
Gain on sale of discontinued operations 0 0 (14,122)
(Gain) loss on sale of investments in marketable securities (3,262) 83 0
Loss on early extinguishment of debt 0 0 49
Deferred rents receivable (38,009) 26,716 (136,924)
Other non-cash adjustments 17,196 [1] (150,913) (20,671)
Changes in operating assets and liabilities:      
Restricted cash—operations 7,147 (10,811) 11,289
Tenant and other receivables (5,717) 4,780 (6,405)
Related party receivables (7,209) (5,183) 1,278
Deferred lease costs (41,939) (70,707) (61,005)
Other assets (23,068) 9,899 18,501
Accounts payable, accrued expenses and other liabilities and security deposits (11,790) (35,628) 8,634
Deferred revenue and land leases payable 46,607 1,237 5,102
Net cash provided by operating activities 548,373 634,714 526,484
Investing Activities      
Acquisitions of real estate property (13,680) (37,760) (2,653,311)
Additions to land, buildings and improvements (335,253) (411,950) (406,442)
Escrowed cash—capital improvements/acquisition deposits/deferred purchase price (3,499) 92,374 (101,000)
Investments in unconsolidated joint ventures (389,249) (84,456) (161,712)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 319,745 196,211 98,639
Proceeds from disposition of real estate/joint venture interest 639,682 2,469,719 1,216,785
Proceeds from sale of marketable securities 55,129 6,965 1,426
Purchases of marketable securities 0 (43,341) (7,769)
Other investments 25,330 7,704 (15,806)
Origination of debt and preferred equity investments (1,129,970) (977,413) (756,939)
Repayments or redemption of debt and preferred equity investments 812,914 904,517 520,218
Net cash (used in) provided by investing activities (18,851) 2,122,570 (2,265,911)
Financing Activities      
Proceeds from mortgages and other loans payable 870,459 408,293 1,849,293
Repayments of mortgages and other loans payable (902,460) (1,822,303) (781,236)
Proceeds from revolving credit facility, term loans and senior unsecured notes 2,784,599 1,325,300 2,515,000
Repayments of revolving credit facility, term loans and senior unsecured notes (2,276,782) (2,334,604) (1,706,007)
Payments of debt extinguishment costs 0 0 0
Proceeds from stock options exercised and DRSPP issuance 23,537 15,109 115,917
Proceeds from sale of common stock 0 0 124,761
Repurchase of common stock (806,302) 0 0
Redemption of preferred stock (275) (3,299) (200)
Distributions to noncontrolling interests in other partnerships (52,446) (15,419) (119,784)
Contributions from noncontrolling interests in other partnerships 36,275 2,359 12,674
Dividends/Distributions paid on common and preferred stock/units (347,809) (326,750) (267,088)
Other obligations related to mortgage loan participations 17,227 59,150 25,000
Deferred loan costs and capitalized lease obligation (27,100) (41,076) (54,913)
Net cash (used in) provided by financing activities (681,077) (2,733,240) 1,713,417
Net (decrease) increase in cash and cash equivalents (151,555) 24,044 (26,010)
Cash and cash equivalents at beginning of year 279,443 255,399 281,409
Cash and cash equivalents at end of period 127,888 279,443 255,399
Supplemental Cash Flow Information [Abstract]      
Interest paid 273,819 344,295 345,110
Income taxes paid 2,448 2,009 3,882
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Issuance of units in the operating partnership 25,723 78,495 30,506
Derivative instruments at fair value 4,397 31,826 1,816
Exchange of debt investment for equity in joint venture 0 68,581 10,151
Acquisition of subsidiary interest from noncontrolling interest 0 0 20,630
Tenant improvements and capital expenditures payable 6,667 15,972 7,755
Fair value adjustment to noncontrolling interest in operating partnership 5,712 4,222 20,915
Assumption of mortgage loan 0 0 112,795
Capital lease assets 0 0 20,000
Reclassification of development costs from other assets to real estate 0 0 47,519
Deconsolidation of a subsidiary [2] 695,204 1,226,425 27,435
Transfer of assets to assets held for sale 611,809 2,048,376 34,981
Transfer of liabilities related to assets held for sale 5,364 1,677,528 29,000
Consolidation of real estate investment 0 0 158,566
Removal of fully depreciated commercial real estate properties 15,488 31,474 241,910
Issuance of SLG's common stock to a consolidated joint venture 0 114,049 10,000
Contribution to consolidated joint venture by noncontrolling interest 0 0 22,504
Share repurchase payable 41,746 0 0
Common Stock      
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Issuance of stock/units relating to the real estate acquisition 0 0 2,228
Common Stock | SL Green Operating Partnership      
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Issuance of stock/units relating to the real estate acquisition 0 0 2,228
Preferred Units      
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Issuance of stock/units relating to the real estate acquisition 0 22,793 211,601
Preferred Units | SL Green Operating Partnership      
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Issuance of stock/units relating to the real estate acquisition $ 0 $ 22,793 $ 211,601
[1] Included in Other non-cash adjustments is $172.4 million for the year ended December 31, 2016 for the amortization of the below-market lease at 388-390 Greenwich Street as a result of the tenant exercising their option to purchase the property and entering into an agreement to accelerate the sale.
[2] $366.6 million of the 2017 amount relates to 1515 Broadway. In November 2017, the Company sold a 30.13% interest in 1515 Broadway to affiliates of Allianz Real Estate. The sale did not meet the criteria for sale accounting and as a result the property was accounted for under the profit sharing method. The Company achieved sale accounting upon adoption of ASC 610-20 in January 2018 and closed on the sale of an additional 12.87% interest in the property to Allianz in February 2018. See Note 6, "Investments in Unconsolidated Joint Ventures.".