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Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Commercial real estate properties, at cost:    
Land and land interests $ 2,357,051 $ 3,309,710
Building and improvements 6,351,012 7,948,852
Building leasehold and improvements 1,450,614 1,437,325
Properties under capital lease 47,445 47,445
Total commercial real estate properties, at cost 10,206,122 12,743,332
Less: accumulated depreciation (2,300,116) (2,264,694)
Total commercial real estate properties, net 7,906,006 10,478,638
Assets held for sale 338,354 0
Cash and cash equivalents 127,888 279,443
Restricted cash 122,138 90,524
Investments in marketable securities 28,579 85,110
Tenant and other receivables, net of allowance of $18,637 and $16,592 in 2017 and 2016, respectively 57,644 53,772
Related party receivables 23,039 15,856
Deferred rents receivable, net of allowance of $17,207 and $25,203 in 2017 and 2016, respectively 365,337 442,179
Debt and preferred equity investments, net of discounts and deferred origination fees of $25,507 and $16,705 in 2017 and 2016, respectively 2,114,041 1,640,412
Investments in unconsolidated joint ventures 2,362,989 1,890,186
Deferred costs, net 226,201 267,600
Other assets 310,688 614,067
Total assets [1] 13,982,904 15,857,787
Liabilities    
Mortgages and other loans payable, net 2,837,282 4,073,830
Revolving credit facility, net 30,336 0
Unsecured term loans, net 1,491,575 1,179,521
Unsecured notes, net 1,395,939 1,128,315
Accrued interest payable 38,142 36,052
Other liabilities 188,005 206,238
Accounts payable and accrued expenses 137,142 190,583
Deferred revenue 208,119 217,955
Capital lease obligations 42,843 42,132
Deferred land leases payable 3,239 2,583
Dividend and distributions payable 85,138 87,271
Security deposits 67,927 66,504
Liabilities related to assets held for sale 4,074 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 6,629,761 7,330,984
Commitments and contingencies 0 0
Noncontrolling interests in Operating Partnership 461,954 473,882
Preferred units 301,735 302,010
Equity    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both December 31, 2017 and 2016 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 93,858 and 101,617 issued and outstanding at December 31, 2017 and 2016, respectively (including 1,055 and 1,055 shares held in treasury at December 31, 2017 and 2016, respectively) 939 1,017
Additional paid-in-capital 4,968,338 5,624,545
Treasury stock at cost (124,049) (124,049)
Accumulated other comprehensive income 18,604 22,137
Retained earnings 1,139,329 1,578,893
Total SL Green stockholders' equity 6,225,093 7,324,475
Noncontrolling interests in other partnerships 364,361 426,436
Total equity 6,589,454 7,750,911
SL Green stockholders equity:    
Total liabilities and equity/capital $ 13,982,904 $ 15,857,787
Preferred stock, par $ 0.01 $ 0.01
Preferred stock, liquidation preference $ 25.00 $ 25.00
Preferred stock, shares issued 9,200 9,200
Preferred stock, shares outstanding 9,200 9,200
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests $ 2,357,051 $ 3,309,710
Building and improvements 6,351,012 7,948,852
Building leasehold and improvements 1,450,614 1,437,325
Properties under capital lease 47,445 47,445
Total commercial real estate properties, at cost 10,206,122 12,743,332
Less: accumulated depreciation (2,300,116) (2,264,694)
Total commercial real estate properties, net 7,906,006 10,478,638
Assets held for sale 338,354 0
Cash and cash equivalents 127,888 279,443
Restricted cash 122,138 90,524
Investments in marketable securities 28,579 85,110
Tenant and other receivables, net of allowance of $18,637 and $16,592 in 2017 and 2016, respectively 57,644 53,772
Related party receivables 23,039 15,856
Deferred rents receivable, net of allowance of $17,207 and $25,203 in 2017 and 2016, respectively 365,337 442,179
Debt and preferred equity investments, net of discounts and deferred origination fees of $25,507 and $16,705 in 2017 and 2016, respectively 2,114,041 1,640,412
Investments in unconsolidated joint ventures 2,362,989 1,890,186
Deferred costs, net 226,201 267,600
Other assets 310,688 614,067
Total assets [2] 13,982,904 15,857,787
Liabilities    
Mortgages and other loans payable, net 2,837,282 4,073,830
Revolving credit facility, net 30,336 0
Unsecured term loans, net 1,491,575 1,179,521
Unsecured notes, net 1,395,939 1,128,315
Accrued interest payable 38,142 36,052
Other liabilities 188,005 206,238
Accounts payable and accrued expenses 137,142 190,583
Deferred revenue 208,119 217,955
Capital lease obligations 42,843 42,132
Deferred land leases payable 3,239 2,583
Dividend and distributions payable 85,138 87,271
Security deposits 67,927 66,504
Liabilities related to assets held for sale 4,074 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [2] 6,629,761 7,330,984
Limited partner interests in SLGOP (4,453 and 4,364 limited partner common units outstanding at December 31, 2017 and 2016, respectively) 461,954 473,882
Preferred units 301,735 302,010
Equity    
Accumulated other comprehensive income 18,604 22,137
SL Green stockholders equity:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both December 31, 2017 and 2016 221,932 221,932
SL Green partners' capital (973 and 1,049 general partner common units, and 91,831 and 99,513 limited partner common units outstanding at December 31, 2017 and 2016, respectively) 5,984,557 7,080,406
Total SLGOP partners' capital 6,225,093 7,324,475
Noncontrolling interests in other partnerships 364,361 426,436
Total capital 6,589,454 7,750,911
Total liabilities and equity/capital 13,982,904 15,857,787
Consolidated VIEs    
Commercial real estate properties, at cost:    
Land and land interests 398,000 412,300
Building and improvements 1,400 1,500
Building leasehold and improvements 2,000 2,000
Properties under capital lease 47,400 47,400
Less: accumulated depreciation (330,900) (327,200)
Other assets 221,000 226,800
Liabilities    
Mortgages and other loans payable, net 628,900 621,800
Accrued interest payable 2,500 2,200
Other liabilities 56,800 72,200
Capital lease obligations $ 42,800 $ 42,100
[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: $398.0 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, $330.9 million and $327.2 million of accumulated depreciation, $221.0 million and $226.8 million of other assets included in other line items, $628.9 million and $621.8 million of real estate debt, net, $2.5 million and $2.2 million of accrued interest payable, $42.8 million and $42.1 million of capital lease obligations, and $56.8 million and $72.2 million of other liabilities included in other line items as of December 31, 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: $398.0 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, $330.9 million and $327.2 million of accumulated depreciation, $221.0 million and $226.8 million of other assets included in other line items, $628.9 million and $621.8 million of real estate debt, net, $2.5 million and $2.2 million of accrued interest payable, $42.8 million and $42.1 million of capital lease obligations, and $56.8 million and $72.2 million of other liabilities included in other line items as of December 31, 2017 and December 31, 2016, respectively.