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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income $ 291,487 $ 270,856 $ 101,069
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 284,011 289,899 418,798
Equity in net loss (income) from unconsolidated joint ventures 34,518 (7,311) (21,892)
Distributions of cumulative earnings from unconsolidated joint ventures 864 10,277 20,309
Equity in net gain on sale of interest in unconsolidated joint venture interest/real estate (76,181) (303,967) (16,166)
Purchase price and other fair value adjustments (69,389) (57,385) 0
Depreciable real estate reserves and impairment 7,047 227,543 178,520
Loss (gain) on sale of real estate, net 16,749 30,757 (73,241)
Loan loss reserves and other investment reserves, net of recoveries 0 6,839 0
Gain on sale of investments in marketable securities 0 0 (3,262)
Loss on early extinguishment of debt 0 17,083 0
Deferred rents receivable (13,941) (18,216) (38,009)
Non-cash lease expense 13,744 2,016 1,020
Other non-cash adjustments 271 2,932 19,621
Changes in operating assets and liabilities:      
Tenant and other receivables (4,968) 6,968 (5,717)
Related party receivables 7,802 (1,044) (7,209)
Deferred lease costs (70,938) (44,158) (41,939)
Other assets (18,630) (8,310) (23,068)
Accounts payable, accrued expenses, other liabilities and security deposits (25,597) 4,410 (12,440)
Deferred revenue 10,824 12,348 46,607
Change in lease liability - operating leases (11,200) 0 0
Net cash provided by operating activities 376,473 441,537 543,001
Investing Activities      
Acquisitions of real estate property (262,591) (60,486) (28,680)
Additions to land, buildings and improvements (252,986) (254,460) (336,001)
Acquisition deposits and deferred purchase price (5,239) 0 0
Investments in unconsolidated joint ventures (128,682) (400,429) (389,249)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 79,020 233,118 319,745
Net proceeds from disposition of real estate/joint venture interest 208,302 1,231,004 692,796
Proceeds from sale of marketable securities 0 0 55,129
Other investments (7,869) (38,912) 25,330
Origination of debt and preferred equity investments (607,844) (731,216) (1,129,970)
Repayments or redemption of debt and preferred equity investments 1,092,383 703,043 812,914
Net cash provided by investing activities 114,494 681,662 22,014
Financing Activities      
Proceeds from mortgages and other loans payable 752,984 564,391 870,459
Repayments of mortgages and other loans payable (230,076) (868,842) (902,460)
Proceeds from revolving credit facility and senior unsecured notes 1,310,000 3,120,000 2,784,599
Repayments of revolving credit facility and senior unsecured notes (1,570,000) (2,560,000) (2,276,782)
Payment of debt extinguishment costs 0 (13,918) 0
Proceeds from stock options exercised and DRSPP issuance 334 29,048 23,537
Repurchase of common stock (384,399) (979,541) (806,302)
Redemption of preferred stock (18,142) (1,208) (275)
Redemption of OP units (27,495) (33,972) 0
Distributions to noncontrolling interests in other partnerships (478) (8,364) (52,446)
Contributions from noncontrolling interests in other partnerships 10,239 5,459 36,275
Acquisition of subsidiary interest from noncontrolling interest (25,845) 0 0
Distributions to noncontrolling interests in the Operating Partnership (14,729) (15,000) (14,266)
Dividends/Distributions paid on common and preferred stock/units (306,386) (313,230) (333,543)
Other obligations related to loan participations 0 16 17,227
Tax withholdings related to restricted share awards (3,495) (3,842) (3,879)
Deferred loan costs (21,162) (15,109) (27,100)
Net cash used in financing activities (528,650) (1,094,112) (684,956)
Net (decrease) increase in cash, cash equivalents, and restricted cash (37,683) 29,087 (119,941)
Cash, cash equivalents, and restricted cash at beginning of year 279,113 250,026 369,967
Cash, cash equivalents, and restricted cash at end of period 241,430 279,113 250,026
Supplemental Cash Flow Information [Abstract]      
Interest paid 248,684 259,776 273,819
Income taxes paid 1,489 1,418 2,448
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Issuance of units in the operating partnership 0 0 25,723
Conversion of units in the operating partnership 471 16,303 21,574
Redemption of units in the operating partnership for a joint venture sale 0 10,445 0
Exchange of debt investment for real estate or equity in joint venture 34,498 298,956 0
Tenant improvements and capital expenditures payable 6,056 0 6,667
Fair value adjustment to noncontrolling interest in the operating partnership 34,320 34,236 5,712
Deconsolidation of a subsidiary [1] 395 298,404 695,204
Transfer of assets to assets held for sale 391,664 0 611,809
Transfer of liabilities related to assets held for sale 0 0 5,364
Removal of fully depreciated commercial real estate properties 19,577 124,249 15,488
Contribution to consolidated joint venture by noncontrolling interest 48,223 0 0
Share repurchase payable 0 0 41,746
Recognition of right of use assets and related lease liabilities 389,120 0 0
Total cash, cash equivalents, and restricted cash 279,113 279,113 369,967
SL Green Operating Partnership      
Operating Activities      
Net income 291,487 270,856 101,069
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 284,011 289,899 418,798
Equity in net loss (income) from unconsolidated joint ventures 34,518 (7,311) (21,892)
Distributions of cumulative earnings from unconsolidated joint ventures 864 10,277 20,309
Equity in net gain on sale of interest in unconsolidated joint venture interest/real estate (76,181) (303,967) (16,166)
Purchase price and other fair value adjustments (69,389) (57,385) 0
Depreciable real estate reserves and impairment 7,047 227,543 178,520
Loss (gain) on sale of real estate, net 16,749 30,757 (73,241)
Loan loss reserves and other investment reserves, net of recoveries 0 6,839 0
Gain on sale of investments in marketable securities 0 0 (3,262)
Loss on early extinguishment of debt 0 17,083 0
Deferred rents receivable (13,941) (18,216) (38,009)
Non-cash lease expense 13,744 2,016 1,020
Other non-cash adjustments 271 2,932 19,621
Changes in operating assets and liabilities:      
Tenant and other receivables (4,968) 6,968 (5,717)
Related party receivables 7,802 (1,044) (7,209)
Deferred lease costs (70,938) (44,158) (41,939)
Other assets (18,630) (8,310) (23,068)
Accounts payable, accrued expenses, other liabilities and security deposits (25,597) 4,410 (12,440)
Deferred revenue 10,824 12,348 46,607
Change in lease liability - operating leases (11,200) 0 0
Net cash provided by operating activities 376,473 441,537 543,001
Investing Activities      
Acquisitions of real estate property (262,591) (60,486) (28,680)
Additions to land, buildings and improvements (252,986) (254,460) (336,001)
Acquisition deposits and deferred purchase price (5,239) 0 0
Investments in unconsolidated joint ventures (128,682) (400,429) (389,249)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 79,020 233,118 319,745
Net proceeds from disposition of real estate/joint venture interest 208,302 1,231,004 692,796
Proceeds from sale of marketable securities 0 0 55,129
Other investments (7,869) (38,912) 25,330
Origination of debt and preferred equity investments (607,844) (731,216) (1,129,970)
Repayments or redemption of debt and preferred equity investments 1,092,383 703,043 812,914
Net cash provided by investing activities 114,494 681,662 22,014
Financing Activities      
Proceeds from mortgages and other loans payable 752,984 564,391 870,459
Repayments of mortgages and other loans payable (230,076) (868,842) (902,460)
Proceeds from revolving credit facility and senior unsecured notes 1,310,000 3,120,000 2,784,599
Repayments of revolving credit facility and senior unsecured notes (1,570,000) (2,560,000) (2,276,782)
Payment of debt extinguishment costs 0 (13,918) 0
Proceeds from stock options exercised and DRSPP issuance 334 29,048 23,537
Repurchase of common stock (384,399) (979,541) (806,302)
Redemption of preferred stock (18,142) (1,208) (275)
Redemption of OP units (27,495) (33,972) 0
Distributions to noncontrolling interests in other partnerships (478) (8,364) (52,446)
Contributions from noncontrolling interests in other partnerships 10,239 5,459 36,275
Acquisition of subsidiary interest from noncontrolling interest (25,845) 0 0
Dividends/Distributions paid on common and preferred stock/units (321,115) (328,230) (347,809)
Other obligations related to loan participations 0 16 17,227
Tax withholdings related to restricted share awards (3,495) (3,842) (3,879)
Deferred loan costs (21,162) (15,109) (27,100)
Net cash used in financing activities (528,650) (1,094,112) (684,956)
Net (decrease) increase in cash, cash equivalents, and restricted cash (37,683) 29,087 (119,941)
Cash, cash equivalents, and restricted cash at beginning of year 279,113 250,026 369,967
Cash, cash equivalents, and restricted cash at end of period 241,430 279,113 250,026
Supplemental Cash Flow Information [Abstract]      
Interest paid 248,684 259,776 273,819
Income taxes paid 1,489 1,418 2,448
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Issuance of units in the operating partnership 0 0 25,723
Conversion of units in the operating partnership 471 16,303 21,574
Redemption of units in the operating partnership for a joint venture sale 0 10,445 0
Exchange of debt investment for real estate or equity in joint venture 34,498 298,956 0
Tenant improvements and capital expenditures payable 6,056 0 6,667
Fair value adjustment to noncontrolling interest in the operating partnership 34,320 34,236 5,712
Deconsolidation of a subsidiary [2] 395 298,404 695,204
Transfer of assets to assets held for sale 391,664 0 611,809
Transfer of liabilities related to assets held for sale 0 0 5,364
Removal of fully depreciated commercial real estate properties 19,577 124,249 15,488
Contribution to consolidated joint venture by noncontrolling interest 48,223 0 0
Share repurchase payable 0 0 41,746
Recognition of right of use assets and related lease liabilities 389,120 0 0
Total cash, cash equivalents, and restricted cash 241,430 250,026 250,026
Preferred Units      
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Issuance of preferred units relating to the real estate acquisition 1,000 0 0
Preferred Units | SL Green Operating Partnership      
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Issuance of preferred units relating to the real estate acquisition $ 1,000 $ 0 $ 0
[1] $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.".
[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.