Segment Information (Tables)

9 Months Ended

Oct. 31, 2013

Segment Reporting [Abstract]

Financial data of six reportable segments

The following tables summarize financial data for the Company's six reportable operating segments. All amounts in the following tables are presented in thousands.

	October 31, 2013		January 31, 2013
	Identifiable Assets
Commercial Group	$	5,461,368	$	7,127,228
Residential Group	2,480,823		2,060,892
Arena	994,857		980,321
Land Development Group	281,230		246,873
The Nets	—		1,111
Corporate Activities	111,627		196,007
	$	9,329,905	$	10,612,432
	Three Months Ended October 31,				Nine Months Ended October 31,				Three Months Ended October 31,					Nine Months Ended October 31,
	2013		2012		2013		2012		2013		2012			2013			2012
	Revenues from Real Estate Operations								Operating Expenses
Commercial Group	$	152,263	$	169,234	$	507,626	$	497,735	$	119,321	$	82,862		$	313,519		$	255,079
Commercial Group Land Sales	395		5,950		26,786		45,999		402		1,720			15,949			5,286
Residential Group	73,814		68,871		201,156		194,175		53,089		48,472			149,829			133,047
Arena	28,403		17,040		78,687		17,366		17,646		15,520			57,130			26,277
Land Development Group	11,352		11,754		39,681		36,394		7,162		12,548			28,547			35,496
The Nets	—		—		—		—		—		—			—			—
Corporate Activities	—		—		—		—		12,635		14,153			38,741			40,507
	$	266,227	$	272,849	$	853,936	$	791,669	$	210,255	$	175,275		$	603,715		$	495,692
	Depreciation and Amortization								Interest Expense
Commercial Group	$	56,396	$	40,224	$	169,775	$	116,179	$	45,856	$	44,985		$	152,611		$	127,662
Residential Group	15,511		12,133		43,345		35,581		2,647		5,408			25,306			13,646
Arena	12,394		2,491		29,670		2,491		9,920		(352		)	28,282			(9,086		)
Land Development Group	98		202		298		448		85		(145		)	(195		)	4,081
The Nets	—		—		—		—		—		—			—			—
Corporate Activities	701		429		2,217		1,015		13,618		16,848			44,096			44,685
	$	85,100	$	55,479	$	245,305	$	155,714	$	72,126	$	66,744		$	250,100		$	180,988
	Interest and Other Income								Capital Expenditures
Commercial Group	$	5,031	$	2,366	$	9,235	$	12,188	$	38,932	$	80,430		$	146,900		$	284,061
Residential Group	5,054		5,651		17,600		14,960		64,253		52,459			165,475			106,044
Arena	—		—		—		—		9,182		110,919			41,035			295,185
Land Development Group	3,726		2,354		9,999		7,224		—		—			819			181
The Nets	—		—		—		—		—		—			—			—
Corporate Activities	70		55		229		132		—		245			229			680
	$	13,881	$	10,426	$	37,063	$	34,504	$	112,367	$	244,053		$	354,458		$	686,151

Reconciliation of net earnings (loss) to FFO by segment

The reconciliations of net earnings (loss) to FFO by segment are shown in the following tables. All amounts are presented in thousands.

Three Months Ended October 31, 2013	Commercial Group			Residential Group			Arena			Land Development Group		The Nets			Corporate Activities			Total
Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders	$	281,664		$	12,512		$	(6,481	)	$	6,549	$	(50	)	$	(140,865	)	$	153,329
Preferred dividends	—			—			—			—		—			—			—
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	281,664		$	12,512		$	(6,481	)	$	6,549	$	(50	)	$	(140,865	)	$	153,329
Depreciation and amortization – Real Estate Groups	67,665			21,754			7,143			47		—			—			96,609
Net gain on disposition of partial interests in rental properties	(491,160		)	—			—			—		—			—			(491,160		)
Gain on disposition of unconsolidated entities	(34,281		)	—			—			—		—			—			(34,281		)
Impairment of consolidated depreciable real estate	87,317			—			—			—		—			—			87,317
Discontinued operations:
Gain on disposition of rental properties	(1,114		)	—			—			—		—			—			(1,114		)
Income tax expense (benefit) on non-FFO:
Gain on disposition of rental properties	—			—			—			—		—			204,162			204,162
Impairment of depreciable real estate	—			—			—			—		—			(33,864		)	(33,864		)
FFO	$	(89,909	)	$	34,266		$	662		$	6,596	$	(50	)	$	29,433		$	(19,002	)
Three Months Ended October 31, 2012	Commercial Group			Residential Group			Arena			Land Development Group		The Nets			Corporate Activities			Total
Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders	$	2,405		$	24,925		$	881		$	469	$	(7,477	)	$	(40,012	)	$	(18,809	)
Preferred dividends and inducements of preferred stock conversion	—			—			—			—		—			17,731			17,731
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	2,405		$	24,925		$	881		$	469	$	(7,477	)	$	(22,281	)	$	(1,078	)
Depreciation and amortization – Real Estate Groups	48,490			20,875			1,397			146		—			—			70,908
Impairment of consolidated depreciable real estate	30,200			—			—			—		—			—			30,200
Discontinued operations:
Depreciation and amortization – Real Estate Groups	1,931			687			—			—		—			—			2,618
Gain on disposition of rental properties	(5,854		)	(13,445		)	—			—		—			—			(19,299		)
Impairment of consolidated depreciable real estate	164			—			—			—		—			—			164
Income tax expense (benefit) on non-FFO:
Gain on disposition of rental properties	—			—			—			—		—			7,893			7,893
Impairment of depreciable real estate	—			—			—			—		—			(11,776		)	(11,776		)
FFO	$	77,336		$	33,042		$	2,278		$	615	$	(7,477	)	$	(26,164	)	$	79,630

Reconciliation of Net Earnings (Loss) to FFO by Segment (continued):
Nine Months Ended October 31, 2013	Commercial Group			Residential Group			Arena			Land Development Group			The Nets			Corporate Activities			Total
Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders	$	287,956		$	31,320		$	(19,996	)	$	11,918		$	(2,763	)	$	(190,940	)	$	117,495
Preferred dividends	—			—			—			—			—			185			185
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	287,956		$	31,320		$	(19,996	)	$	11,918		$	(2,763	)	$	(190,755	)	$	117,680
Depreciation and amortization – Real Estate Groups	198,741			64,952			17,090			229			—			—			281,012
Net gain on disposition of partial interests in rental properties	(496,092		)	—			—			—			—			—			(496,092		)
Gain on disposition of unconsolidated entities	(32,771		)	—			—			—			—			—			(32,771		)
Impairment of consolidated depreciable real estate	94,187			1,185			—			—			—			—			95,372
Discontinued operations:
Depreciation and amortization – Real Estate Groups	1,835			165			—			—			—			—			2,000
Gain on disposition of rental properties	(22,354		)	(16,028		)	—			—			—			—			(38,382		)
Income tax expense (benefit) on non-FFO:
Gain on disposition of rental properties	—			—			—			—			—			220,993			220,993
Impairment of depreciable real estate	—			—			—			—			—			(36,988		)	(36,988		)
FFO	$	31,502		$	81,594		$	(2,906	)	$	12,147		$	(2,763	)	$	(6,750	)	$	112,824
Nine Months Ended October 31, 2012	Commercial Group			Residential Group			Arena			Land Development Group			The Nets			Corporate Activities			Total
Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders	$	79,366		$	46,171		$	3,493		$	(47,672	)	$	(22,707	)	$	(106,125	)	$	(47,474	)
Preferred dividends and inducements of preferred stock conversion	—			—			—			—			—			25,431			25,431
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	79,366		$	46,171		$	3,493		$	(47,672	)	$	(22,707	)	$	(80,694	)	$	(22,043	)
Depreciation and amortization – Real Estate Groups	143,851			61,230			1,397			355			—			—			206,833
Gain on disposition of unconsolidated entities	(16,107		)	—			—			—			—			—			(16,107		)
Impairment of consolidated depreciable real estate	30,660			—			—			—			—			—			30,660
Impairment of unconsolidated depreciable real estate	—			—			—			390			—			—			390
Discontinued operations:
Depreciation and amortization – Real Estate Groups	7,012			2,591			—			—			—			—			9,603
Gain on disposition of rental properties	(13,768		)	(13,445		)	—			—			—			—			(27,213		)
Impairment of consolidated depreciable real estate	4,254			—			—			—			—			—			4,254
Income tax expense (benefit) on non-FFO:
Gain on disposition of rental properties	—			—			—			—			—			17,174			17,174
Impairment of depreciable real estate	—			—			—			—			—			(13,692		)	(13,692		)
FFO	$	235,268		$	96,547		$	4,890		$	(46,927	)	$	(22,707	)	$	(77,212	)	$	189,859