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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Property rentals $ 540,124 $ 534,074 $ 1,068,224 $ 1,067,867
Tenant expense reimbursements 76,202 72,291 162,792 148,255
Cleveland Medical Mart development project 0 16,990 0 29,133
Fee and other income 50,280 47,861 96,208 144,674
Total revenues 666,606 671,216 1,327,224 1,389,929
EXPENSES:        
Operating 261,453 259,168 534,844 524,915
Depreciation and amortization 129,025 133,180 276,676 272,497
General and administrative 44,568 50,305 96,726 101,685
Cleveland Medical Mart development project 0 15,151 0 26,525
Impairment losses, acquisition and transaction related costs 4,083 3,350 25,867 3,951
Total expenses 439,129 461,154 934,113 929,573
Operating income 227,477 210,062 393,111 460,356
(Loss) income from partially owned entities (53,742) (35,389) (51,763) (12,864)
Income from Real Estate Fund 100,110 34,470 118,258 51,034
Interest and other investment income (loss), net 9,435 26,415 21,328 (22,660)
Interest and debt expense (117,051) (120,657) (226,493) (241,003)
Net gain (loss) on disposition of wholly owned and partially owned assets 905 1,005 10,540 (35,719)
Income before income taxes 167,134 115,906 264,981 199,144
Income tax expense (3,599) (2,877) (5,181) (3,950)
Income from continuing operations 163,535 113,029 259,800 195,194
Income from discontinued operations 2,152 69,292 4,043 276,054
Net income 165,687 182,321 263,843 471,248
Less net income attributable to noncontrolling interests in:        
Consolidated subsidiaries (63,975) (14,930) (75,554) (26,216)
Operating Partnership (4,691) (8,849) (8,539) (22,782)
Preferred unit distributions of the Operating Partnership (13) (348) (25) (1,134)
Net income attributable to Vornado 97,008 158,194 179,725 421,116
Preferred share dividends (20,366) (20,368) (40,734) (42,070)
Preferred unit and share redemptions 0 8,100 0 (1,130)
NET INCOME attributable to common shareholders 76,642 145,926 138,991 377,916
INCOME PER COMMON SHARE - BASIC:        
Income from continuing operations, net (in dollars per share) $ 0.40 $ 0.43 $ 0.72 $ 0.63
Income from discontinued operations, net (in dollars per share) $ 0.01 $ 0.35 $ 0.02 $ 1.39
Net income per common share (in dollars per share) $ 0.41 $ 0.78 $ 0.74 $ 2.02
Weighted average shares outstanding 187,527 186,931 187,418 186,842
INCOME PER COMMON SHARE - DILUTED:        
Income from continuing operations, net (in dollars per share) $ 0.40 $ 0.43 $ 0.72 $ 0.62
Income from discontinued operations, net (in dollars per share) $ 0.01 $ 0.35 $ 0.02 $ 1.39
Net income per common share (in dollars per share) $ 0.41 $ 0.78 $ 0.74 $ 2.01
Weighted average shares outstanding 188,617 187,720 188,431 187,627
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.73 $ 0.73 $ 1.46 $ 1.46
Toys R Us [Member]
       
EXPENSES:        
(Loss) income from partially owned entities (57,591) (36,861) (55,744) (35,102)
All Equity Method Investees Excluding Toys [Member]
       
EXPENSES:        
(Loss) income from partially owned entities $ 3,849 $ 1,472 $ 3,981 $ 22,238