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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income $ 127,114 $ 52,769
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 70,779 71,085
Equity in net loss from unconsolidated joint ventures 12,814 5,234
Distributions of cumulative earnings from unconsolidated joint ventures 108 425
Equity in net gain on sale of interest in unconsolidated joint venture interest/real estate 0 (17,166)
Purchase price and other fair value adjustments 0 2,041
(Gain) loss on sale of real estate, net (72,636) 1,049
Loan loss reserves and other investment reserves, net of recoveries 11,248 0
Deferred rents receivable 3,717 (1,114)
Non-cash lease expense 3,390 3,381
Other non-cash adjustments 1,110 9,027
Changes in operating assets and liabilities:    
Tenant and other receivables (44,960) (4,759)
Related party receivables (4,711) (1,270)
Deferred lease costs (8,603) (13,111)
Other assets (48,130) (40,218)
Accounts payable, accrued expenses, other liabilities and security deposits (13,877) (12,915)
Deferred revenue 7,622 10,721
Change in lease liability - operating leases (2,959) (2,866)
Net cash provided by operating activities 42,026 62,313
Investing Activities    
Acquisitions of real estate property (86,846) 0
Additions to land, buildings and improvements (101,726) (39,524)
Acquisition deposits and deferred purchase price 0 (4,910)
Investments in unconsolidated joint ventures (8,906) (73,351)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 53,516 23,664
Net proceeds from disposition of real estate/joint venture interest 91,156 14,489
Other investments (4,786) (1,056)
Origination of debt and preferred equity investments (223,374) (430,034)
Repayments or redemption of debt and preferred equity investments 151,548 218,879
Net cash (used in) provided by investing activities (129,418) (291,843)
Financing Activities    
Proceeds from mortgages and other loans payable 101,103 109,872
Repayments of mortgages and other loans payable (102,777) (1,127)
Proceeds from revolving credit facility and senior unsecured notes 1,125,000 520,000
Repayments of revolving credit facility and senior unsecured notes (315,000) (230,000)
Proceeds from stock options exercised and DRSPP issuance 166 47
Repurchase of common stock (219,576) (34,243)
Redemption of preferred stock (19,392) (15,142)
Redemption of OP units (18,066) (15,697)
Distributions to noncontrolling interests in other partnerships (492) (208)
Contributions from noncontrolling interests in other partnerships 3,814 161
Acquisition of subsidiary interest from noncontrolling interest (1,536) 0
Distributions to noncontrolling interests in the Operating Partnership (1,284) (3,643)
Dividends / Distributions paid on common and preferred stock / units (79,662) (77,399)
Tax withholdings related to restricted share awards (4,752) (3,126)
Deferred loan costs (562) (3,367)
Net cash provided by financing activities 466,984 246,128
Net increase in cash, cash equivalents, and restricted cash 379,592 16,598
Cash, cash equivalents, and restricted cash at beginning of year 241,430 279,113
Cash, cash equivalents, and restricted cash at end of period 621,022 295,711
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Conversion of units in the Operating Partnership 84 446
Tenant improvements and capital expenditures payable 602 9,350
Reversal of assets held for sale 391,664 0
Seller financed purchases 100,000 0
Debt and preferred equity reserves 4,638 0
Removal of fully depreciated commercial real estate properties 512 4,012
Recognition of right of use assets and related lease liabilities 102,782 389,120
Total cash, cash equivalents, and restricted cash 621,022 295,711
SL Green Operating Partnership    
Operating Activities    
Net income 127,114 52,769
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 70,779 71,085
Equity in net loss from unconsolidated joint ventures 12,814 5,234
Distributions of cumulative earnings from unconsolidated joint ventures 108 425
Equity in net gain on sale of interest in unconsolidated joint venture interest/real estate 0 (17,166)
Purchase price and other fair value adjustments 0 2,041
(Gain) loss on sale of real estate, net (72,636) 1,049
Loan loss reserves and other investment reserves, net of recoveries 11,248 0
Deferred rents receivable 3,717 (1,114)
Non-cash lease expense 3,390 3,381
Other non-cash adjustments 1,110 9,027
Changes in operating assets and liabilities:    
Tenant and other receivables (44,960) (4,759)
Related party receivables (4,711) (1,270)
Deferred lease costs (8,603) (13,111)
Other assets (48,130) (40,218)
Accounts payable, accrued expenses, other liabilities and security deposits (13,877) (12,915)
Deferred revenue 7,622 10,721
Change in lease liability - operating leases (2,959) (2,866)
Net cash provided by operating activities 42,026 62,313
Investing Activities    
Acquisitions of real estate property (86,846) 0
Additions to land, buildings and improvements (101,726) (39,524)
Acquisition deposits and deferred purchase price 0 (4,910)
Investments in unconsolidated joint ventures (8,906) (73,351)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 53,516 23,664
Net proceeds from disposition of real estate/joint venture interest 91,156 14,489
Other investments (4,786) (1,056)
Origination of debt and preferred equity investments (223,374) (430,034)
Repayments or redemption of debt and preferred equity investments 151,548 218,879
Net cash (used in) provided by investing activities (129,418) (291,843)
Financing Activities    
Proceeds from mortgages and other loans payable 101,103 109,872
Repayments of mortgages and other loans payable (102,777) (1,127)
Proceeds from revolving credit facility and senior unsecured notes 1,125,000 520,000
Repayments of revolving credit facility and senior unsecured notes (315,000) (230,000)
Proceeds from stock options exercised and DRSPP issuance 166 47
Repurchase of common stock (219,576) (34,243)
Redemption of preferred stock (19,392) (15,142)
Redemption of OP units (18,066) (15,697)
Distributions to noncontrolling interests in other partnerships (492) (208)
Contributions from noncontrolling interests in other partnerships 3,814 161
Acquisition of subsidiary interest from noncontrolling interest (1,536) 0
Dividends / Distributions paid on common and preferred stock / units (80,946) (81,042)
Tax withholdings related to restricted share awards (4,752) (3,126)
Deferred loan costs (562) (3,367)
Net cash provided by financing activities 466,984 246,128
Net increase in cash, cash equivalents, and restricted cash 379,592 16,598
Cash, cash equivalents, and restricted cash at beginning of year 241,430 279,113
Cash, cash equivalents, and restricted cash at end of period 621,022 295,711
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Conversion of units in the Operating Partnership 84 446
Tenant improvements and capital expenditures payable 602 9,350
Fair value adjustment to noncontrolling interest in the Operating Partnership 38,529 28,932
Reversal of assets held for sale 391,664 0
Seller financed purchases 100,000 0
Debt and preferred equity reserves 4,638 0
Removal of fully depreciated commercial real estate properties 512 4,012
Recognition of right of use assets and related lease liabilities 102,782 389,120
Total cash, cash equivalents, and restricted cash $ 621,022 $ 295,711