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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Rental $ 130,562,000 $ 149,781,000 $ 258,483,000 $ 297,728,000
Tenant recoveries 25,542,000 35,080,000 59,064,000 83,991,000
Service and management fees 10,916,000 15,629,000 23,903,000 28,408,000
Parking and other 12,520,000 13,381,000 24,668,000 26,833,000
Arena 24,572,000 26,853,000 59,929,000 50,993,000
Land sales 18,537,000 26,681,000 35,244,000 34,469,000
Military Housing 6,988,000 10,510,000 17,883,000 25,459,000
Total revenues 229,637,000 277,915,000 479,174,000 547,881,000
Expenses        
Property operating and management 89,637,000 107,554,000 190,728,000 225,358,000
Real estate taxes 19,548,000 22,384,000 39,754,000 44,609,000
Ground rent 2,174,000 1,904,000 4,054,000 4,003,000
Arena operating 14,818,000 21,898,000 38,294,000 40,310,000
Cost of land sales 7,837,000 13,428,000 14,202,000 17,532,000
Military Housing operating 1,734,000 6,360,000 8,258,000 14,924,000
Corporate general and administrative 10,059,000 13,478,000 21,620,000 24,537,000
Total operating expenses 145,807,000 187,006,000 316,910,000 371,273,000
Depreciation and amortization 59,318,000 80,452,000 114,327,000 148,256,000
Write-offs of abandoned development projects and demolition costs 933,000 657,000 933,000 13,553,000
Impairment of real estate 129,829,000 1,175,000 129,829,000 1,175,000
Net gain on land held for divestiture activity 0 (1,121,000) 0 (12,308,000)
Total expenses 335,887,000 268,169,000 561,999,000 521,949,000
Operating income (loss) (106,250,000) 9,746,000 (82,825,000) 25,932,000
Interest expense (57,153,000) (83,096,000) (119,605,000) (164,579,000)
Amortization of mortgage procurement costs (1,768,000) (2,526,000) (3,893,000) (5,267,000)
Loss on extinguishment of debt (714,000) (4,975,000) (878,000) (4,948,000)
Interest and other income 12,375,000 11,775,000 23,878,000 22,425,000
Net loss on disposition of partial interest in development project (19,590,000) 0 (19,590,000) 0
Net loss on disposition of partial interest in rental properties 0 0 (467,000) 0
Loss before income taxes (173,100,000) (69,076,000) (203,380,000) (126,437,000)
Income tax expense (benefit)        
Current (30,435,000) (5,858,000) 5,499,000 (40,130,000)
Deferred (16,512,000) (12,612,000) (48,515,000) 12,995,000
Total income tax expense (benefit) (46,947,000) (18,470,000) (43,016,000) (27,135,000)
Net gain on change in control of interests 0 2,762,000 2,759,000 2,762,000
Earnings from unconsolidated entities, gross of tax        
Equity in earnings 27,168,000 4,445,000 61,197,000 12,756,000
Net gain on land held for divestiture activity 0 682,000 0 2,511,000
Total equity in earnings from unconsolidated entities 27,168,000 5,127,000 61,197,000 15,267,000
Loss from continuing operations (98,985,000) (42,717,000) (96,408,000) (81,273,000)
Discontinued operations, net of tax:        
Operating earnings (loss) from rental properties 797,000 1,825,000 (1,844,000) 2,380,000
Gain on disposition of rental properties 343,000 0 14,856,000 15,178,000
Earnings from discontinued operations 1,140,000 1,825,000 13,012,000 17,558,000
Net loss (97,845,000) (40,892,000) (83,396,000) (63,715,000)
Noncontrolling interests        
Loss from continuing operations attributable to noncontrolling interests, gross of tax 4,853,000 6,000,000 5,974,000 15,083,000
Earnings from discontinued operations attributable to noncontrolling interests 0 (48,000) (50,000) (5,899,000)
Loss attributable to noncontrolling interests 4,853,000 5,952,000 5,924,000 9,184,000
Net loss attributable to Forest City Enterprises, Inc. (92,992,000) (34,940,000) (77,472,000) (54,531,000)
Preferred dividends 0 0 0 (185,000)
Net loss attributable to common shareholders $ (92,992,000) $ (34,940,000) $ (77,472,000) $ (54,716,000)
Basic and Diluted earnings (loss) per common share        
Loss from continuing operations attributable to common shareholders ‑ Basic and Diluted $ (0.47) $ (0.19) $ (0.46) $ (0.35)
Earnings from discontinued operations attributable to common shareholders - Basic and Diluted $ 0.00 $ 0.01 $ 0.07 $ 0.06
Loss attributable to common shareholders ‑ Basic and Diluted $ (0.47) $ (0.18) $ (0.39) $ (0.29)