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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities:      
Net income $ 981,922 $ 859,430 $ 1,009,026
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization (including amortization of deferred financing costs) 595,270 566,207 583,408
Net gain on extinguishment of Skyline properties debt (487,877) 0 0
Distributions of income from partially owned entities 217,468 65,018 96,286
Net gain on disposition of wholly owned and partially owned assets (175,735) (251,821) (13,568)
Equity in net (income) loss of partially owned entities (165,389) 11,882 58,131
Real estate impairment losses 161,165 256 26,518
Straight-lining of rental income (146,787) (153,668) (82,800)
Return of capital from real estate fund investments 71,888 91,458 215,676
Amortization of below-market leases, net (53,202) (79,053) (46,786)
Net realized and unrealized loss (gain) on real estate fund investments 40,655 (57,752) (150,139)
Other non-cash adjustments 39,406 37,721 37,303
Net gains on sale of real estate and other (5,074) (65,396) (507,192)
Reversal of allowance for deferred tax assets 0 (90,030) 0
Defeasance cost in connection with the refinancing of mortgage payable 0 0 5,589
Changes in operating assets and liabilities:      
Real estate fund investments 0 (95,010) (3,392)
Tenant and other receivables, net (7,459) 11,936 (8,282)
Prepaid assets (8,023) (14,804) (8,786)
Other assets (70,120) (116,157) (123,435)
Accounts payable and accrued expenses 32,389 (33,747) 44,628
Other liabilities (19,830) (14,320) 3,125
Net cash provided by operating activities 1,000,667 672,150 1,135,310
Cash Flows from Investing Activities:      
Development costs and construction in progress (606,565) (490,819) (544,187)
Additions to real estate (387,545) (301,413) (279,206)
Distributions of capital from partially owned entities 193,967 37,818 25,943
Proceeds from sales of real estate and related investments 153,534 573,303 388,776
Investments in partially owned entities (127,608) (235,439) (120,639)
Acquisitions of real estate and other (61,464) (478,215) (211,354)
Net deconsolidation of 7 West 34th Street (42,000) 0 0
Investments in loans receivable and other (11,700) (1,000) (30,175)
Purchases of marketable securities (4,379) 0 0
Proceeds from the sale of marketable securities 3,937 0 0
Restricted cash 585 200,229 99,464
Proceeds from sales and repayments of mortgage and mezzanine loans receivable and other 45 16,790 96,913
Net cash used in investing activities (889,193) (678,746) (574,465)
Cash Flows from Financing Activities:      
Proceeds from borrowings 2,403,898 4,468,872 2,428,285
Repayments of borrowings (1,894,990) (2,936,578) (1,312,258)
Dividends paid on common shares / Distributions to Vornado (475,961) (474,751) (547,831)
Redemption of preferred shares / units (246,250) 0 0
Distributions to noncontrolling interests / Distributions to redeemable security holders and noncontrolling interests in consolidated subsidiaries (130,590) (102,866) (220,895)
Dividends paid on preferred shares / Distributions to preferred unitholders (80,137) (80,578) (81,468)
Debt issuance and other costs (42,157) (66,554) (58,336)
Contributions from noncontrolling interests / noncontrolling interests in consolidated subsidiaries 11,950 51,975 30,295
Proceeds received from exercise of employee share options / Vornado stock options 8,269 16,779 19,245
Repurchase of shares (Class A units) related to stock compensation agreements and related tax withholdings and other (186) (7,473) (3,811)
Cash included in the spin-off of Urban Edge Properties 0 (225,000) 0
Purchase of marketable securities in connection with the defeasance of mortgage payable 0 0 (198,884)
Net cash (used in) provided by financing activities (446,154) 643,826 54,342
Net (decrease) increase in cash and cash equivalents (334,680) 637,230 615,187
Cash and cash equivalents at beginning of period 1,835,707 1,198,477 583,290
Cash and cash equivalents at end of period 1,501,027 1,835,707 1,198,477
Supplemental Disclosure Of Cash Flow Information:      
Cash payments for interest, excluding capitalized interest of $29,584, $48,539, and $53,139 368,762 376,620 443,538
Cash payments for income taxes 9,716 8,287 11,696
Non-Cash Investing and Financing Activities:      
Write-off of fully depreciated assets (305,679) (167,250) (121,673)
Accrued capital expenditures included in accounts payable and accrued expenses 120,564 122,711 100,528
Change in unrealized net gain on securities available-for-sale 52,057 (55,326) 14,465
Adjustments to carry redeemable Class A units at redemption value (26,251) 192,464 (315,276)
Non-cash distribution of Real Estate Properties:      
Assets 0 1,709,256 0
Liabilities 0 (1,469,659) 0
Equity 0 (239,597) 0
Transfer of interest in real estate to Pennsylvania Real Estate Investment Trust 0 (145,313) 0
Class A units in connection with acquisition 0 80,000 0
Financing assumed in acquisitions 0 62,000 0
Marketable securities transferred in connection with the defeasance of mortgage payable 0 0 198,884
Defeasance of mortgage payable 0 0 (193,406)
Elimination of a mortgage and mezzanine loan asset and liability 0 0 59,375
Transfer of interest in real estate fund to an unconsolidated joint venture 0 0 (58,564)
Transfer of noncontrolling interest in real estate fund 0 0 (33,028)
Beverly Connection seller financing 0 0 13,620
Skyline Properties      
Decrease in assets and liabilities resulting from the disposition or deconsolidation of real estate properties:      
Real estate, net (189,284) 0 0
Mortgages payable, net (690,263) 0 0
7 West 34th Street      
Decrease in assets and liabilities resulting from the disposition or deconsolidation of real estate properties:      
Real estate, net (122,047) 0 0
Mortgages payable, net (290,418) 0 0
Vornado Realty L.P.      
Cash Flows from Operating Activities:      
Net income 981,922 859,430 1,009,026
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization (including amortization of deferred financing costs) 595,270 566,207 583,408
Net gain on extinguishment of Skyline properties debt (487,877) 0 0
Distributions of income from partially owned entities 217,468 65,018 96,286
Net gain on disposition of wholly owned and partially owned assets (175,735) (251,821) (13,568)
Equity in net (income) loss of partially owned entities (165,389) 11,882 58,131
Real estate impairment losses 161,165 256 26,518
Straight-lining of rental income (146,787) (153,668) (82,800)
Return of capital from real estate fund investments 71,888 91,458 215,676
Amortization of below-market leases, net (53,202) (79,053) (46,786)
Net realized and unrealized loss (gain) on real estate fund investments 40,655 (57,752) (150,139)
Other non-cash adjustments 39,406 37,721 37,303
Net gains on sale of real estate and other (5,074) (65,396) (507,192)
Reversal of allowance for deferred tax assets 0 (90,030) 0
Defeasance cost in connection with the refinancing of mortgage payable 0 0 5,589
Changes in operating assets and liabilities:      
Real estate fund investments 0 (95,010) (3,392)
Tenant and other receivables, net (7,459) 11,936 (8,282)
Prepaid assets (8,023) (14,804) (8,786)
Other assets (70,120) (116,157) (123,435)
Accounts payable and accrued expenses 32,389 (33,747) 44,628
Other liabilities (19,830) (14,320) 3,125
Net cash provided by operating activities 1,000,667 672,150 1,135,310
Cash Flows from Investing Activities:      
Development costs and construction in progress (606,565) (490,819) (544,187)
Additions to real estate (387,545) (301,413) (279,206)
Distributions of capital from partially owned entities 193,967 37,818 25,943
Proceeds from sales of real estate and related investments 153,534 573,303 388,776
Investments in partially owned entities (127,608) (235,439) (120,639)
Acquisitions of real estate and other (61,464) (478,215) (211,354)
Net deconsolidation of 7 West 34th Street (42,000) 0 0
Investments in loans receivable and other (11,700) (1,000) (30,175)
Purchases of marketable securities (4,379) 0 0
Proceeds from the sale of marketable securities 3,937 0 0
Restricted cash 585 200,229 99,464
Proceeds from sales and repayments of mortgage and mezzanine loans receivable and other 45 16,790 96,913
Net cash used in investing activities (889,193) (678,746) (574,465)
Cash Flows from Financing Activities:      
Proceeds from borrowings 2,403,898 4,468,872 2,428,285
Repayments of borrowings (1,894,990) (2,936,578) (1,312,258)
Dividends paid on common shares / Distributions to Vornado (475,961) (474,751) (547,831)
Redemption of preferred shares / units (246,250) 0 0
Distributions to noncontrolling interests / Distributions to redeemable security holders and noncontrolling interests in consolidated subsidiaries (130,590) (102,866) (220,895)
Dividends paid on preferred shares / Distributions to preferred unitholders (80,137) (80,578) (81,468)
Debt issuance and other costs (42,157) (66,554) (58,336)
Contributions from noncontrolling interests / noncontrolling interests in consolidated subsidiaries 11,950 51,975 30,295
Proceeds received from exercise of employee share options / Vornado stock options 8,269 16,779 19,245
Repurchase of shares (Class A units) related to stock compensation agreements and related tax withholdings and other (186) (7,473) (3,811)
Cash included in the spin-off of Urban Edge Properties 0 (225,000) 0
Purchase of marketable securities in connection with the defeasance of mortgage payable 0 0 (198,884)
Net cash (used in) provided by financing activities (446,154) 643,826 54,342
Net (decrease) increase in cash and cash equivalents (334,680) 637,230 615,187
Cash and cash equivalents at beginning of period 1,835,707 1,198,477 583,290
Cash and cash equivalents at end of period 1,501,027 1,835,707 1,198,477
Supplemental Disclosure Of Cash Flow Information:      
Cash payments for interest, excluding capitalized interest of $29,584, $48,539, and $53,139 368,762 376,620 443,538
Cash payments for income taxes 9,716 8,287 11,696
Non-Cash Investing and Financing Activities:      
Write-off of fully depreciated assets (305,679) (167,250) (121,673)
Accrued capital expenditures included in accounts payable and accrued expenses 120,564 122,711 100,528
Change in unrealized net gain on securities available-for-sale 52,057 (55,326) 14,465
Adjustments to carry redeemable Class A units at redemption value (26,251) 192,464 (315,276)
Non-cash distribution of Real Estate Properties:      
Assets 0 1,709,256 0
Liabilities 0 (1,469,659) 0
Equity 0 (239,597) 0
Transfer of interest in real estate to Pennsylvania Real Estate Investment Trust 0 (145,313) 0
Class A units in connection with acquisition 0 80,000 0
Financing assumed in acquisitions 0 62,000 0
Marketable securities transferred in connection with the defeasance of mortgage payable 0 0 198,884
Defeasance of mortgage payable 0 0 (193,406)
Elimination of a mortgage and mezzanine loan asset and liability 0 0 59,375
Transfer of interest in real estate fund to an unconsolidated joint venture 0 0 (58,564)
Transfer of noncontrolling interest in real estate fund 0 0 (33,028)
Beverly Connection seller financing 0 0 13,620
Vornado Realty L.P. | Skyline Properties      
Decrease in assets and liabilities resulting from the disposition or deconsolidation of real estate properties:      
Real estate, net (189,284) 0 0
Mortgages payable, net (690,263) 0 0
Vornado Realty L.P. | 7 West 34th Street      
Decrease in assets and liabilities resulting from the disposition or deconsolidation of real estate properties:      
Real estate, net (122,047) 0 0
Mortgages payable, net (290,418) 0 0
Acquisitions      
Non-Cash Investing and Financing Activities:      
Like-kind exchange of real estate 29,639 80,269 606,816
Acquisitions | Vornado Realty L.P.      
Non-Cash Investing and Financing Activities:      
Like-kind exchange of real estate 29,639 80,269 606,816
Dispositions      
Non-Cash Investing and Financing Activities:      
Like-kind exchange of real estate (29,639) (213,621) (630,352)
Dispositions | Vornado Realty L.P.      
Non-Cash Investing and Financing Activities:      
Like-kind exchange of real estate $ (29,639) $ (213,621) $ (630,352)