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Segment Information (Tables)

9 Months Ended

Oct. 31, 2011

Segment Information [Abstract]

Financial data of five reportable segments


										October 31,				January 31,

										2011				2011

										Identifiable Assets

Commercial Group										$	7,779,962			$	8,617,287
Residential Group											1,983,187				2,825,527
Land Development Group											509,156				498,190
The Nets											8,009				–
Corporate Activities											183,069				118,697

										$	10,463,383			$	12,059,701


		Three Months Ended October 31,								Nine Months Ended October 31,								Three Months Ended October 31,								Nine Months Ended October 31,

		2011				2010				2011				2010				2011				2010				2011				2010

		Revenues from Real Estate Operations																Operating Expenses

Commercial Group		$	184,178			$	218,580			$	571,174			$	649,168			$	100,228			$	103,340			$	299,373			$	312,742
Commercial Group Land Sales			397				8,672				48,049				23,429				270				7,169				3,425				18,952
Residential Group			68,503				52,706				179,532				157,888				46,856				33,681				123,392				98,833
Land Development Group			8,120				7,088				24,072				19,564				9,668				9,003				29,086				26,874
The Nets			–				–				–				–				–				–				–				–
Corporate Activities			–				–				–				–				12,133				8,889				36,558				29,325

		$	261,198			$	287,046			$	822,827			$	850,049			$	169,155			$	162,082			$	491,834			$	486,726



		Depreciation and Amortization Expense																Interest Expense

Commercial Group		$	41,675			$	44,659			$	124,904			$	135,909			$	40,868			$	56,191			$	128,285			$	174,269
Residential Group			13,276				15,163				40,469				40,195				10,015				3,295				25,269				17,318
Land Development Group			60				65				174				264				865				845				2,465				2,178
The Nets			–				–				–				–				–				–				–				–
Corporate Activities			404				480				1,113				1,365				15,487				15,509				42,195				48,052

		$	55,415			$	60,367			$	166,660			$	177,733			$	67,235			$	75,840			$	198,214			$	241,817



		Interest and Other Income																Capital Expenditures

Commercial Group		$	4,055			$	3,229			$	18,510			$	13,438			$	159,282			$	115,600			$	425,779			$	398,320
Residential Group			4,488				6,006				15,362				14,243				27,532				48,195				121,095				165,544
Land Development Group			2,631				2,521				8,025				6,946				8				–				358				–
The Nets			–				–				–				–				–				–				–				–
Corporate Activities			120				163				219				337				129				–				299				16

		$	11,294			$	11,919			$	42,116			$	34,964			$	186,951			$	163,795			$	547,531			$	563,880

Reconciliation of EBDT to Net Earnings (Loss) by Segment

Reconciliation of EBDT to Net Earnings (Loss) by Segment:


Three Months Ended October 31, 2011		Commercial Group				Residential Group				Land Development Group				The Nets				Corporate Activities				Total
EBDT		$	73,677			$	25,956			$	3,131			$	(11,283	)		$	(14,004	)		$	77,477
Depreciation and amortization – Real Estate Groups			(50,402	)			(20,861	)			(41	)			–				–				(71,304)
Amortization of mortgage procurement costs – Real Estate Groups			(2,999	)			(995	)			(58	)			–				–				(4,052)
Straight-line rent adjustment			3,038				230				–				–				–				3,268
Preference payment			(585	)			–				–				–				–				(585)
Gain on disposition of partial interests in rental properties			5,849				–				–				–				–				5,849
Impairment of real estate			(10,257	)			–				(450	)			–				–				(10,707)
Impairment of unconsolidated real estate			(39,189	)			–				(2,100	)			–				–				(41,289)
Income tax benefit (expense):
Deferred income taxes			–				–				–				–				3,328				3,328
Current income taxes attributable to above dispositions			–				–				–				–				(10	)			(10)

Net earnings (loss) attributable to Forest City Enterprises, Inc.		$	(20,868	)		$	4,330			$	482			$	(11,283	)		$	(10,686	)		$	(38,025)

Preferred dividends			–				–				–				–				(3,850	)			(3,850)

Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders		$	(20,868	)		$	4,330			$	482			$	(11,283	)		$	(14,536	)		$	(41,875)


Three Months Ended October 31, 2010		Commercial Group				Residential Group				Land Development Group				The Nets				Corporate Activities				Total
EBDT		$	73,040			$	34,678			$	441			$	(598	)		$	(16,862	)		$	90,699
Depreciation and amortization – Real Estate Groups			(50,678	)			(20,251	)			(48	)			–				–				(70,977)
Amortization of mortgage procurement costs – Real Estate Groups			(2,982	)			(716	)			(47	)			–				–				(3,745)
Deferred taxes – Real Estate Groups			(3,305	)			(4,730	)			(607	)			–				(19,928	)			(28,570)
Straight-line rent adjustment			2,208				(37	)			(1	)			–				–				2,170
Preference payment			(585	)			–				–				–				–				(585)
Gain (loss) on disposition of partial interests in rental properties, net of tax			(1,497	)			352				–				–				–				(1,145)
Gain on disposition of unconsolidated entities, net of tax			3,943				1,356				–				–				–				5,299
Impairment of real estate, net of tax			(2,213	)			–				(344	)			–				–				(2,557)
Impairment of unconsolidated entities, net of tax			(1,674	)			–				(11,527	)			–				–				(13,201)
Discontinued operations, net of tax:
Depreciation and amortization - Real Estate Groups			(1,943	)			–				–				–				–				(1,943)
Amortization of mortgage procurement costs - Real Estate Groups			(284	)			–				–				–				–				(284)
Deferred taxes - Real Estate Groups			(760	)			–				–				–				–				(760)
Straight-line rent adjustment			497				–				–				–				–				497
Loss on disposition of rental properties			(758	)			–				–				–				–				(758)
Impairment of real estate			(20,931	)			–				–				–				–				(20,931)

Net earnings (loss) attributable to Forest City Enterprises, Inc.		$	(7,922	)		$	10,652			$	(12,133	)		$	(598	)		$	(36,790	)		$	(46,791)

Preferred dividends			–				–				–				–				(3,850	)			(3,850)

Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders		$	(7,922	)		$	10,652			$	(12,133	)		$	(598	)		$	(40,640	)		$	(50,641)

Nine Months Ended October 31, 2011

Commercial
Group

Residential
Group

Land
Development
Group

The Nets

Corporate
Activities

Total

EBDT

$

266,453

$

72,713

$

4,023

$

(14,969)

$

(52,661)

$

275,559

Depreciation and amortization – Real Estate Groups

(149,476)

(58,362)

(194)

–

–

(208,032)

Amortization of mortgage procurement costs – Real Estate Groups

(7,841)

(2,721)

(204)

–

–

(10,766)

Straight-line rent adjustment

2,069

355

–

–

–

2,424

Preference payment

(1,756)

–

–

–

–

(1,756)

Gain on disposition of partial interests in rental properties

15,410

–

–

–

–

15,410

Gain on disposition of unconsolidated entities

–

12,567

–

–

–

12,567

Impairment of real estate

(13,692)

(235)

(1,850)

–

(15,777)

Impairment of unconsolidated real estate

(39,189)

–

(2,100)

–

–

(41,289)

Discontinued operations:

Depreciation and amortization - Real Estate Groups

(1,030)

–

–

–

–

(1,030)

Amortization of mortgage procurement costs - Real Estate Groups

(333)

–

–

–

–

(333)

Straight-line rent adjustment

571

–

–

–

–

571

Gain on disposition of rental properties

39,937

–

–

–

–

39,937

Income tax expense:

Deferred income taxes

–

–

–

–

(7,838)

(7,838)

Current income taxes attributable to above dispositions

–

–

–

–

(41,971)

(41,971)

Net earnings (loss) attributable to Forest City Enterprises, Inc.

$

111,123

$

24,317

$

(325)

$

(14,969)

$

(102,470)

$

17,676

Preferred dividends

–

–

–

–

(11,550)

(11,550)

Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders

$

111,123

$

24,317

$

(325)

$

(14,969)

$

(114,020)

$

6,126

Nine Months Ended October 31, 2010

Commercial
Group

Residential
Group

Land
Development
Group

The Nets

Corporate
Activities

Total

EBDT

$

206,141

$

87,457

$

1,007

$

10,774

$

(38,653)

$

266,726

Depreciation and amortization – Real Estate Groups

(150,006)

(55,736)

(202)

–

–

(205,944)

Amortization of mortgage procurement costs – Real Estate Groups

(7,889)

(1,859)

(211)

–

–

(9,959)

Deferred taxes – Real Estate Groups

(16,274)

(11,343)

(827)

–

(16,408)

(44,852)

Straight-line rent adjustment

8,349

735

(5)

–

–

9,079

Preference payment

(1,756)

–

–

–

–

(1,756)

Gain on disposition of partial interests in rental properties, net of tax

106,118

18,083

–

–

–

124,201

Gain on disposition of unconsolidated entities, net of tax

3,436

1,356

–

–

–

4,792

Impairment of real estate, net of tax

(2,213)

–

(1,016)

–

–

(3,229)

Impairment of unconsolidated entities, net of tax

(9,115)

–

(13,380)

–

–

(22,495)

Discontinued operations, net of tax:

Depreciation and amortization - Real Estate Groups

(6,083)

(636)

–

–

–

(6,719)

Amortization of mortgage procurement costs - Real Estate Groups

(752)

(13)

–

–

–

(765)

Deferred taxes - Real Estate Groups

(964)

(400)

–

–

–

(1,364)

Straight-line rent adjustment

1,168

–

–

–

–

1,168

Gain (loss) on disposition of rental properties

(758)

1,099

–

–

–

341

Impairment of real estate

(48,731)

–

–

–

–

(48,731)

Net earnings (loss) attributable to Forest City Enterprises, Inc.

$

80,671

$

38,743

$

(14,634)

$

10,774

$

(55,061)

$

60,493

Preferred dividends

–

–

–

–

(7,957)

(7,957)

Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders

$

80,671

$

38,743

$

(14,634)

$

10,774

$

(63,018)

$

52,536

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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