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Consolidated Statements of Cash Flows (Partnership) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income (loss) $ 30,222 $ (599,337) $ (76,303)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 214,062 255,647 223,984
Equity in net loss from unconsolidated joint ventures 179,695 76,509 57,958
Distributions of cumulative earnings from unconsolidated joint ventures 12,992 9,897 780
Equity in net (gain) loss on sale of interest in unconsolidated joint venture/real estate (208,144) 13,368 131
Purchase price and other fair value adjustments (88,966) 17,260 8,118
Depreciable real estate reserves and impairments 104,071 382,374 6,313
(Gain) loss on sale of real estate, net (3,025) 32,370 84,485
Loan loss and other investment reserves, net of recoveries 0 6,890 0
(Gain) loss on early extinguishment of debt (43,762) 870 0
Deferred rents receivable (1,535) (17,903) (5,749)
Non-cash lease expense 20,290 20,435 22,403
Other non-cash adjustments 46,219 28,174 (5,676)
Changes in operating assets and liabilities:      
Tenant and other receivables (11,804) (1,725) 14,370
Related party receivables (11,414) 15,788 6,666
Deferred lease costs (29,271) (17,427) (21,792)
Other assets 15,968 (1,922) (28,204)
Accounts payable, accrued expenses, other liabilities and security deposits (74,501) 11,974 (30,839)
Deferred revenue (4,799) 8,057 18,332
Lease liability - operating leases (16,703) (11,796) 1,111
Net cash provided by operating activities 129,595 229,503 276,088
Investing Activities      
Acquisitions of real estate property 0 0 (64,491)
Additions to land, buildings and improvements (211,869) (259,663) (300,770)
Acquisition deposits and deferred purchase price (23,050) 0 0
Investments in unconsolidated joint ventures (451,233) (184,481) (184,518)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 161,474 140,569 141,742
Net proceeds from disposition of real estate/joint venture interest 729,025 557,611 626,364
Cash and restricted cash assumed from acquisition and consolidation of real estate investment 19,017 0 60,494
Proceeds from sale or redemption of marketable securities 0 0 15,626
Investments in marketable securities (12,368) 0 0
Investments in real estate loans held by consolidated securitization vehicles (117,894) 0 0
Other investments (21,535) (17,334) 1,432
Origination of debt and preferred equity investments (16,310) (65,357) (51,367)
Repayments or redemption of debt and preferred equity investments 63,496 0 181,293
Net cash provided by investing activities 118,753 171,345 425,805
Financing Activities      
Proceeds from mortgages and other loans payable 4,450 0 381,980
Repayments of mortgages and other loans payable (68,977) (25,826) (292,364)
Proceeds from revolving credit facility, term loans and senior unsecured notes 1,170,000 538,000 1,524,000
Repayments of revolving credit facility, term loans and senior unsecured notes (1,510,000) (828,000) (1,864,000)
Proceeds from stock options exercised and DRSPP issuance 52,308 525 525
Proceeds from issuance of common stock 386,790 0 0
Repurchase of common units 0 0 (151,197)
Redemption of preferred units (2,503) (11,700) (17,967)
Redemption of OP units (38,177) (9,076) (40,901)
Distributions to noncontrolling interests in other partnerships (11,053) (2,777) (4,699)
Contributions from noncontrolling interests in other partnerships 6,584 6,932 52,164
Acquisition of subsidiary interest from noncontrolling interest (7,289) 0 (29,817)
Distributions paid on common and preferred units (218,823) (230,931) (262,136)
Other obligation related to secured borrowing 0 129,656 77,874
Tax withholdings related to restricted share awards (182) 0 (3,915)
Deferred loan costs (1,442) (1,407) (8,098)
Net cash used in financing activities (252,229) (449,383) (654,823)
Net (decrease) increase in cash, cash equivalents, and restricted cash (3,881) (48,535) 47,070
Cash, cash equivalents, and restricted cash at beginning of year 335,519 384,054 336,984
Cash, cash equivalents, and restricted cash at end of period 331,638 335,519 384,054
Supplemental cash flow disclosures:      
Interest paid 200,752 229,119 169,519
Income taxes paid 9,001 7,815 5,358
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Exchange of preferred equity investment for real estate or equity in joint venture 0 0 190,652
Exchange of debt investment for real estate or equity in joint venture 0 349,946 193,995
Assumption of mortgage and mezzanine loans 0 0 1,712,750
Tenant improvements and capital expenditures payable 0 0 18,518
Acquisition of subsidiary interest from noncontrolling interest 1,927 0 0
Consolidation of a subsidiary 50,377 0 0
Investment in joint venture 10,639 0 47,135
Deconsolidation of a subsidiary 0 101,351 0
Deconsolidation of subsidiary debt 0 1,712,750 0
Debt and preferred equity investments 1,133 0 302
Extinguishment of debt 46,835 0 0
Removal of fully depreciated commercial real estate properties 6,903 16,313 30,359
Contribution to consolidated joint venture by noncontrolling interest 72 8,134 0
Share repurchase or redemption payable 9,514 9,513 0
Recognition of right of use assets and related lease liabilities 0 0 57,938
Consolidation of securitization vehicle assets 600,521 0 0
Consolidation of securitization vehicle liabilities 600,521 0 0
Cash and cash equivalents 184,294 221,823 203,273
Restricted cash 147,344 113,696 180,781
Total cash, cash equivalents, and restricted cash 331,638 335,519 384,054
SL Green Operating Partnership      
Operating Activities      
Net income (loss) 30,222 (599,337) (76,303)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 214,062 255,647 223,984
Equity in net loss from unconsolidated joint ventures 179,695 76,509 57,958
Distributions of cumulative earnings from unconsolidated joint ventures 12,992 9,897 780
Equity in net (gain) loss on sale of interest in unconsolidated joint venture/real estate (208,144) 13,368 131
Purchase price and other fair value adjustments (88,966) 17,260 8,118
Depreciable real estate reserves and impairments 104,071 382,374 6,313
(Gain) loss on sale of real estate, net (3,025) 32,370 84,485
Loan loss and other investment reserves, net of recoveries 0 6,890 0
(Gain) loss on early extinguishment of debt (43,762) 870 0
Deferred rents receivable (1,535) (17,903) (5,749)
Non-cash lease expense 20,290 20,435 22,403
Other non-cash adjustments 46,219 28,174 (5,676)
Changes in operating assets and liabilities:      
Tenant and other receivables (11,804) (1,725) 14,370
Related party receivables (11,414) 15,788 6,666
Deferred lease costs (29,271) (17,427) (21,792)
Other assets 15,968 (1,922) (28,204)
Accounts payable, accrued expenses, other liabilities and security deposits (74,501) 11,974 (30,839)
Deferred revenue (4,799) 8,057 18,332
Lease liability - operating leases (16,703) (11,796) 1,111
Net cash provided by operating activities 129,595 229,503 276,088
Investing Activities      
Acquisitions of real estate property 0 0 (64,491)
Additions to land, buildings and improvements (211,869) (259,663) (300,770)
Acquisition deposits and deferred purchase price (23,050) 0 0
Investments in unconsolidated joint ventures (451,233) (184,481) (184,518)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 161,474 140,569 141,742
Net proceeds from disposition of real estate/joint venture interest 729,025 557,611 626,364
Cash and restricted cash assumed from acquisition and consolidation of real estate investment 19,017 0 60,494
Proceeds from sale or redemption of marketable securities 0 0 15,626
Investments in marketable securities (12,368) 0 0
Investments in real estate loans held by consolidated securitization vehicles (117,894) 0 0
Other investments (21,535) (17,334) 1,432
Origination of debt and preferred equity investments (16,310) (65,357) (51,367)
Repayments or redemption of debt and preferred equity investments 63,496 0 181,293
Net cash provided by investing activities 118,753 171,345 425,805
Financing Activities      
Proceeds from mortgages and other loans payable 4,450 0 381,980
Repayments of mortgages and other loans payable (68,977) (25,826) (292,364)
Proceeds from revolving credit facility, term loans and senior unsecured notes 1,170,000 538,000 1,524,000
Repayments of revolving credit facility, term loans and senior unsecured notes (1,510,000) (828,000) (1,864,000)
Proceeds from stock options exercised and DRSPP issuance 52,308 525 525
Repurchase of common units 0 0 (151,197)
Redemption of preferred units (2,503) (11,700) (17,967)
Redemption of OP units (38,177) (9,076) (40,901)
Distributions to noncontrolling interests in other partnerships (11,053) (2,777) (4,699)
Contributions from noncontrolling interests in other partnerships 6,584 6,932 52,164
Acquisition of subsidiary interest from noncontrolling interest (7,289) 0 (29,817)
Distributions paid on common and preferred units (232,738) (245,710) (278,408)
Other obligation related to secured borrowing 0 129,656 77,874
Tax withholdings related to restricted share awards (182) 0 (3,915)
Deferred loan costs (1,442) (1,407) (8,098)
Net cash used in financing activities (252,229) (449,383) (654,823)
Net (decrease) increase in cash, cash equivalents, and restricted cash (3,881) (48,535) 47,070
Cash, cash equivalents, and restricted cash at beginning of year 335,519 384,054 336,984
Cash, cash equivalents, and restricted cash at end of period 331,638 335,519 384,054
Supplemental cash flow disclosures:      
Interest paid 200,752 229,119 169,519
Income taxes paid 9,001 7,815 5,358
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Exchange of preferred equity investment for real estate or equity in joint venture 0 0 190,652
Exchange of debt investment for real estate or equity in joint venture 0 349,946 193,995
Assumption of mortgage and mezzanine loans 0 0 1,712,750
Issuance of special distribution paid in units 0 0 160,620
Tenant improvements and capital expenditures payable 0 0 18,518
Measurement adjustment for redeemable noncontrolling interest 107,632 15,486 39,974
Investment in joint venture 10,639 0 47,135
Deconsolidation of a subsidiary 0 101,351 0
Deconsolidation of subsidiary debt 0 1,712,750 0
Debt and preferred equity investments 1,133 0 302
Extinguishment of debt 46,835 0 0
Removal of fully depreciated commercial real estate properties 6,903 16,313 30,359
Contribution to consolidated joint venture by noncontrolling interest 72 8,134 0
Share repurchase or redemption payable 9,514 9,513 0
Recognition of right of use assets and related lease liabilities 0 0 57,938
Consolidation of securitization vehicle assets 600,521 0 0
Consolidation of securitization vehicle liabilities 600,521 0 0
Cash and cash equivalents 184,294 221,823 203,273
Restricted cash 147,344 113,696 180,781
Total cash, cash equivalents, and restricted cash $ 331,638 $ 335,519 $ 384,054