XML 72 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUES:    
Property rentals $ 534,635 $ 510,111
Tenant expense reimbursements 77,013 70,793
Cleveland Medical Mart development project 12,143 55,059
Fee and other income 97,225 33,278
Total revenues 721,016 669,241
EXPENSES:    
Operating 260,569 246,746
Depreciation and amortization 142,354 131,541
General and administrative 54,582 55,290
Cleveland Medical Mart development project 11,374 52,761
Acquisition related costs 601 685
Total expenses 469,480 487,023
Operating income 251,536 182,218
Income from partially owned entities 22,525 136,131
Income from Real Estate Fund 16,564 11,762
Interest and other investment (loss) income, net (49,074) 15,665
Interest and debt expense (121,888) (130,059)
Net loss on disposition of wholly owned and partially owned assets (36,724) 0
Income before income taxes 82,939 215,717
Income tax expense (1,073) (6,825)
Income from continuing operations 81,866 208,892
Income from discontinued operations 207,061 71,372
Net income 288,927 280,264
Less net income attributable to noncontrolling interests in:    
Consolidated subsidiaries (11,286) (9,597)
Operating Partnership (13,933) (15,271)
Preferred unit distributions of the Operating Partnership (786) (3,874)
Net income attributable to Vornado 262,922 251,522
Preferred share dividends (21,702) (17,787)
Preferred share redemptions (9,230) 0
NET INCOME attributable to common shareholders 231,990 233,735
INCOME PER COMMON SHARE - BASIC:    
Income from continuing operations, net (in dollars per share) $ 0.20 $ 0.90
Income from discontinued operations, net (in dollars per share) $ 1.04 $ 0.36
Net income per common share (in dollars per share) $ 1.24 $ 1.26
Weighted average shares outstanding (in shares) 186,752 185,370
INCOME PER COMMON SHARE - DILUTED:    
Income from continuing operations, net (in dollars per share) $ 0.20 $ 0.90
Income from discontinued operations, net (in dollars per share) $ 1.04 $ 0.35
Net income per common share (in dollars per share) $ 1.24 $ 1.25
Weighted average shares outstanding (in shares) 187,529 191,886
DIVIDENDS PER COMMON SHARE $ 0.73 $ 0.69
Toys R Us [Member]
   
EXPENSES:    
Income from partially owned entities 1,759 116,471
All Equity Method Investees Excluding Toys [Member]
   
EXPENSES:    
Income from partially owned entities $ 20,766 $ 19,660