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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Rental revenue, net $ 1,100,993 $ 1,323,767 $ 1,245,981
Escalation and reimbursement 172,939 196,858 178,512
Investment income 193,871 213,008 181,128
Other income 43,670 130,348 57,208
Total revenues 1,511,473 1,863,981 1,662,829
Expenses      
Operating expenses, including $21,400 in 2017, $21,890 in 2016, $20,071 in 2015 of related party expenses 293,364 312,859 301,624
Real estate taxes 244,323 248,388 232,702
Ground rent 33,231 33,261 32,834
Interest expense, net of interest income 257,045 321,199 323,870
Amortization of deferred financing costs 16,498 24,564 27,348
Depreciation and amortization 403,320 821,041 560,887
Transaction related costs (1,834) 7,528 11,430
Marketing, general and administrative 100,498 99,759 94,873
Total expenses 1,346,445 1,868,599 1,585,568
Income (loss) from continuing operations before equity in net income from unconsolidated joint ventures, equity in net gain on sale of interest in unconsolidated joint venture/real estate, purchase price fair value adjustment, gain on sale of real estate, depreciable real estate reserves, gain (loss) on sale of marketable securities and loss on early extinguishment of debt 165,028 (4,618) 77,261
Equity in net income from unconsolidated joint ventures 21,892 11,874 13,028
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 16,166 44,009 15,844
Purchase price fair value adjustment 0 0 40,078
Gain on sale of real estate, net 73,241 238,116 175,974
Depreciable real estate reserves (178,520) (10,387) (19,226)
Gain (loss) on sale of investment in marketable securities 3,262 (83) 0
Loss on early extinguishment of debt 0 0 (49)
Income from continuing operations 101,069 278,911 302,910
Net income from discontinued operations 0 0 427
Gain on sale of discontinued operations 0 0 14,122
Net income 101,069 278,911 317,459
Net (income) loss attributable to noncontrolling interests:      
Noncontrolling interests in the Operating Partnership (3,995) (10,136) (10,565)
Net (income) loss attributable to noncontrolling interests in other partnerships 15,701 (7,644) (15,843)
Preferred unit distributions (11,401) (11,235) (6,967)
Net income (loss) attributable to SL Green/SLGOP 101,374 249,896 284,084
Preferred stock/unit redemption costs 0 0 0
Perpetual preferred stock dividends (14,950) (14,950) (14,952)
Amounts attributable to SL Green common stockholders:      
Income (loss) from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations 171,600 (25,552) 50,502
Purchase price fair value adjustment 0 0 38,563
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 15,452 42,189 15,245
Net income from discontinued operations 0 0 411
Gain on sale of discontinued operations 0 0 13,588
Gain on sale of real estate, net 70,005 228,266 169,322
Depreciable real estate reserves (170,633) (9,957) (18,499)
Net income attributable to SL Green common stockholders $ 86,424 $ 234,946 $ 269,132
Basic earnings per share:      
Income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (usd per share) $ 1.74 $ (0.26) $ 0.51
Purchase price fair value adjustment (usd per share) 0.00 0.00 0.39
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.16 0.42 0.15
Net income from discontinued operations (usd per share) 0.00 0.00 0.00
Gain on sale of discontinued operations (usd per share) 0.00 0.00 0.14
Gain on sale of real estate (in dollars per share) 0.71 2.29 1.71
Depreciable real estate reserves (in dollars per share) (1.73) (0.10) (0.19)
Net income attributable to SL Green common stockholders (usd per share) 0.88 2.35 2.71
Diluted earnings per share:      
Income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (usd per share) 1.74 (0.25) 0.51
Purchase price fair value adjustment (usd per share) 0.00 0.00 0.39
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.16 0.42 0.15
Net income from discontinued operations (usd per share) 0.00 0.00 0.00
Gain on sale of discontinued operations (usd per share) 0.00 0.00 0.14
Gain on sale of real estate (in dollars per share) 0.71 2.27 1.70
Depreciable real estate reserves (in dollars per share) (1.74) (0.10) (0.19)
Net income attributable to SL Green common stockholders (usd per share) $ 0.87 $ 2.34 $ 2.70
Basic weighted average common shares outstanding (in shares) 98,571 100,185 99,345
Diluted weighted average common shares and common share equivalents outstanding (in shares) 103,403 104,881 103,734
SL Green Operating Partnership      
Revenues      
Rental revenue, net $ 1,100,993 $ 1,323,767 $ 1,245,981
Escalation and reimbursement 172,939 196,858 178,512
Investment income 193,871 213,008 181,128
Other income 43,670 130,348 57,208
Total revenues 1,511,473 1,863,981 1,662,829
Expenses      
Operating expenses, including $21,400 in 2017, $21,890 in 2016, $20,071 in 2015 of related party expenses 293,364 312,859 301,624
Real estate taxes 244,323 248,388 232,702
Ground rent 33,231 33,261 32,834
Interest expense, net of interest income 257,045 321,199 323,870
Amortization of deferred financing costs 16,498 24,564 27,348
Depreciation and amortization 403,320 821,041 560,887
Transaction related costs (1,834) 7,528 11,430
Marketing, general and administrative 100,498 99,759 94,873
Total expenses 1,346,445 1,868,599 1,585,568
Income (loss) from continuing operations before equity in net income from unconsolidated joint ventures, equity in net gain on sale of interest in unconsolidated joint venture/real estate, purchase price fair value adjustment, gain on sale of real estate, depreciable real estate reserves, gain (loss) on sale of marketable securities and loss on early extinguishment of debt 165,028 (4,618) 77,261
Equity in net income from unconsolidated joint ventures 21,892 11,874 13,028
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 16,166 44,009 15,844
Purchase price fair value adjustment 0 0 40,078
Gain on sale of real estate, net 73,241 238,116 175,974
Depreciable real estate reserves (178,520) (10,387) (19,226)
Gain (loss) on sale of investment in marketable securities 3,262 (83) 0
Loss on early extinguishment of debt 0 0 (49)
Income from continuing operations 101,069 278,911 302,910
Net income from discontinued operations 0 0 427
Gain on sale of discontinued operations 0 0 14,122
Net income 101,069 278,911 317,459
Net (income) loss attributable to noncontrolling interests:      
Net (income) loss attributable to noncontrolling interests in other partnerships 15,701 (7,644) (15,843)
Preferred unit distributions (11,401) (11,235) (6,967)
Net income (loss) attributable to SL Green/SLGOP 105,369 260,032 294,649
Preferred stock/unit redemption costs 0 0 0
Perpetual preferred stock dividends (14,950) (14,950) (14,952)
Net income attributable to SLGOP common unitholders 90,419 245,082 279,697
Amounts attributable to SL Green common stockholders:      
Income (loss) from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations 179,532 (26,656) 52,478
Purchase price fair value adjustment 0 0 40,078
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 16,166 44,009 15,844
Net income from discontinued operations 0 0 427
Gain on sale of discontinued operations 0 0 14,122
Gain on sale of real estate, net 73,241 238,116 175,974
Depreciable real estate reserves $ (178,520) $ (10,387) $ (19,226)
Basic earnings per share:      
Income from continuing operations before gains on sale and discontinued operations (usd per share) $ 1.74 $ (0.26) $ 0.51
Purchase price fair value adjustment (usd per share) 0.00 0.00 0.39
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.16 0.42 0.15
Net income from discontinued operations (usd per share) 0.00 0.00 0.00
Gain on sale of discontinued operations (usd per share) 0.00 0.00 0.14
Gain on sale of real estate (in dollars per share) 0.71 2.29 1.71
Depreciable real estate reserves (in dollars per share) (1.73) (0.10) (0.19)
Net income attributable to SLGOP common unitholders (usd per share) 0.88 2.35 2.71
Diluted earnings per share:      
Income from continuing operations before gains on sale and discontinued operations (usd per share) 1.74 (0.25) 0.51
Purchase price fair value adjustment (usd per share) 0.00 0.00 0.39
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.16 0.42 0.15
Net income from discontinued operations (usd per share) 0.00 0.00 0.00
Gain on sale of discontinued operations (usd per share) 0.00 0.00 0.14
Gain on sale of real estate (in dollars per share) 0.71 2.27 1.70
Depreciable real estate reserves (in dollars per share) (1.74) (0.10) (0.19)
Net income attributable to SLGOP common unitholders (usd per share) $ 0.87 $ 2.34 $ 2.70
Basic weighted average common shares outstanding (in shares) 103,127 104,508 103,244
Basic weighted average common units outstanding (in shares) 103,127 104,508 103,244
Diluted weighted average common shares and common share equivalents outstanding (in shares) 103,403 104,881 103,734
Diluted weighted average common units and common unit equivalents outstanding (in shares) 103,403 104,881 103,734