Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Financial Data of Reportable Operating Segments

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

	September 30, 2014		December 31, 2013
	Identifiable Assets
Commercial Group	$	4,099,605	$	5,120,360
Residential Group	2,789,605		2,468,708
Arena	969,020		984,937
Land Development Group	267,392		260,070
Corporate Activities	83,308		117,950
	$	8,208,930	$	8,952,025
	Three Months Ended September 30,				Nine Months Ended September 30,				Three Months Ended September 30,					Nine Months Ended September 30,
	2014		2013		2014		2013		2014			2013		2014			2013
	Revenues								Operating Expenses
Commercial Group	$	129,345	$	160,965	$	383,221	$	511,767	$	70,224		$	85,986	$	224,929		$	283,313
Residential Group	63,303		69,423		190,525		196,704		43,704			50,081		127,046			145,105
Arena	25,039		25,277		84,968		76,270		17,105			16,286		55,399			56,596
Land Development Group	17,056		21,028		55,203		39,833		5,358			15,155		24,307			29,230
Corporate Activities	—		—		—		—		13,763			13,994		35,383			38,531
	$	234,743	$	276,693	$	713,917	$	824,574	$	150,154		$	181,502	$	467,064		$	552,775
	Depreciation and Amortization								Interest Expense
Commercial Group	$	29,304	$	62,961	$	91,756	$	162,748	$	31,093		$	49,465	$	97,938		$	148,893
Residential Group	16,608		15,748		49,660		45,769		8,030			8,241		23,032			24,957
Arena	8,793		8,699		25,999		25,073		10,895			9,492		30,101			27,767
Land Development Group	88		99		269		528		(287		)	97		(572		)	(341		)
Corporate Activities	718		725		2,154		2,370		9,581			14,958		28,418			45,556
	$	55,511	$	88,232	$	169,838	$	236,488	$	59,312		$	82,253	$	178,917		$	246,832
	Interest and Other Income								Capital Expenditures
Commercial Group	$	1,579	$	4,989	$	5,585	$	9,059	$	17,655		$	35,051	$	98,033		$	143,675
Residential Group	5,101		6,110		18,145		18,371		62,795			58,074		207,644			155,774
Arena	—		—		—		—		2,890			11,752		9,442			44,665
Land Development Group	3,384		3,793		10,091		9,725		20			—		36			829
Corporate Activities	32		65		153		227		—			—		15			452
	$	10,096	$	14,957	$	33,974	$	37,382	$	83,360		$	104,877	$	315,170		$	345,395

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 September 30, 2014	Commercial Group			Residential Group			Arena			Land Development Group			Corporate Activities			Total
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	12,190		$	5,512		$	(5,575	)	$	13,171		$	(24,612	)	$	686
Depreciation and amortization – Real Estate Groups	41,725			24,175			4,986			41			—			70,927
Net loss on disposition of full or partial interests in rental properties	173			—			—			—			—			173
Gain on disposition of unconsolidated entities	(9,189		)	—			—			—			—			(9,189		)
Income tax expense on non-FFO:
Gain on disposition of rental properties	—			—			—			—			3,310			3,310
FFO	$	44,899		$	29,687		$	(589	)	$	13,212		$	(21,302	)	$	65,907
Three Months Ended September 30, 2013	Commercial Group			Residential Group			Arena			Land Development Group			Corporate Activities			Total
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	427,001		$	3,857		$	(5,092	)	$	(376	)	$	(183,534	)	$	241,856
Depreciation and amortization – Real Estate Groups	72,451			22,099			4,956			47			—			99,553
Net gain on disposition of partial interests in rental properties	(386,559		)	—			—			—			—			(386,559		)
Gain on disposition of unconsolidated entities	(34,281		)	—			—			—			—			(34,281		)
Discontinued operations:
Depreciation and amortization – Real Estate Groups	3,039			5			—			—			—			3,044
Gain on disposition of rental properties	(22,132		)	(203		)	—			—			—			(22,335		)
Impairment of consolidated depreciable real estate	6,870			—			—			—			—			6,870
Income tax expense (benefit) on non-FFO:
Gain on disposition of rental properties	—			—			—			—			172,926			172,926
Impairment of depreciable real estate	—			—			—			—			(2,668		)	(2,668		)
FFO	$	66,389		$	25,758		$	(136	)	$	(329	)	$	(13,276	)	$	78,406
Nine Months Ended September 30, 2014	Commercial Group			Residential Group			Arena			Land Development Group			Corporate Activities			Total
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	(111,414	)	$	48,613		$	(13,378	)	$	36,257		$	(36,864	)	$	(76,786	)
Depreciation and amortization – Real Estate Groups	130,198			71,367			14,927			116			—			216,608
Net loss on disposition of full or partial interests in rental properties	640			—			—			—			—			640
Gain on disposition of unconsolidated entities	(25,279		)	(24,796		)	—			—			—			(50,075		)
Impairment of consolidated depreciable real estate	129,059			—			—			—			—			129,059
Discontinued operations:
Depreciation and amortization – Real Estate Groups	986			—			—			—			—			986
Gain on disposition of rental properties	(28,042		)	—			—			—			—			(28,042		)
Income tax expense (benefit) on non-FFO:
Gain on disposition of rental properties	—			—			—			—			32,028			32,028
Impairment of depreciable real estate	—			—			—			—			(50,053		)	(50,053		)
FFO	$	96,148		$	95,184		$	1,549		$	36,373		$	(54,889	)	$	174,365
Nine Months Ended September 30, 2013	Commercial Group			Residential Group			Arena			Land Development Group			Corporate Activities			Total
Net earnings (loss) attributable to common shareholders	$	380,743		$	25,055		$	(18,135	)	$	28,366		$	(228,889	)	$	187,140
Preferred dividends	—			—			—			—			185			185
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	380,743		$	25,055		$	(18,135	)	$	28,366		$	(228,704	)	$	187,325
Depreciation and amortization – Real Estate Groups	190,059			68,083			14,505			428			—			273,075
Net gain on disposition of partial interests in rental properties	(386,559		)	—			—			—			—			(386,559		)
Gain on disposition of unconsolidated entities	(32,771		)	—			—			—			—			(32,771		)
Impairment of consolidated depreciable real estate	—			1,175			—			—			—			1,175
Discontinued operations:
Depreciation and amortization – Real Estate Groups	11,372			176			—			—			—			11,548
Gain on disposition of rental properties	(21,943		)	(16,028		)	—			—			—			(37,971		)
Impairment of consolidated depreciable real estate	6,870			—			—			—			—			6,870
Income tax expense (benefit) on non-FFO:
Gain on disposition of rental properties	—			—			—			—			178,398			178,398
Impairment of depreciable real estate	—			—			—			—			(3,124		)	(3,124		)
FFO	$	147,771		$	78,461		$	(3,630	)	$	28,794		$	(53,430	)	$	197,966