XML 21 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Real estate, at cost:    
Land $ 4,056,666 $ 4,065,142
Buildings and improvements 12,727,776 12,727,980
Development costs and construction in progress 1,564,647 1,430,276
Leasehold improvements and equipment 117,246 116,560
Total 18,466,335 18,339,958
Less accumulated depreciation and amortization (3,604,348) (3,513,574)
Real estate, net 14,861,987 14,826,384
Cash and cash equivalents 1,484,814 1,501,027
Restricted cash 98,191 98,295
Marketable securities 188,695 203,704
Tenant and other receivables, net of allowance for doubtful accounts of $10,711 and $10,920 86,753 94,467
Investments in partially owned entities 1,415,747 1,428,019
Real estate fund investments 454,946 462,132
Receivable arising from the straight-lining of rents, net of allowance of $1,744 and $2,227 1,048,940 1,032,736
Deferred leasing costs, net of accumulated amortization of $239,415 and $228,862 452,187 454,345
Identified intangible assets, net of accumulated amortization of $203,668 and $207,330 184,009 192,731
Assets related to discontinued operations 4,416 5,570
Other assets 450,763 515,437
Assets 20,731,448 20,814,847
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS / PARTNERSHIP UNITS AND EQUITY    
Mortgages payable, net 9,281,280 9,278,263
Senior unsecured notes, net 845,932 845,577
Unsecured term loan, net 372,595 372,215
Unsecured revolving credit facilities 115,630 115,630
Accounts payable and accrued expenses 451,156 458,694
Deferred revenue 274,477 287,846
Deferred compensation plan 124,933 121,374
Liabilities related to discontinued operations 2,670 2,870
Other liabilities 433,374 435,436
Total liabilities 11,902,047 11,917,905
Commitments and contingencies
Redeemable noncontrolling interests / partnership units:    
Class A units - 12,567,493 and 12,197,162 units outstanding 1,260,646 1,273,018
Series D cumulative redeemable preferred units - 177,101 units outstanding 5,428 5,428
Total redeemable noncontrolling interests / partnership units 1,266,074 1,278,446
Equity:    
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 42,824,829 shares 1,038,049 1,038,055
Common shares of beneficial interest: $.04 par value per share; authorized 250,000,000 shares; issued and outstanding 189,343,482 and 189,100,876 shares 7,551 7,542
Additional capital 7,183,324 7,153,332
Earnings less than distributions (1,506,236) (1,419,382)
Accumulated other comprehensive income 119,019 118,972
Total Vornado / Vornado Realty L.P. shareholders' equity 6,841,707 6,898,519
Noncontrolling interests in consolidated subsidiaries 721,620 719,977
Total equity 7,563,327 7,618,496
Total liabilities, redeemable noncontrolling interests / partnership units and equity 20,731,448 20,814,847
Vornado Realty L.P.    
Real estate, at cost:    
Land 4,056,666 4,065,142
Buildings and improvements 12,727,776 12,727,980
Development costs and construction in progress 1,564,647 1,430,276
Leasehold improvements and equipment 117,246 116,560
Total 18,466,335 18,339,958
Less accumulated depreciation and amortization (3,604,348) (3,513,574)
Real estate, net 14,861,987 14,826,384
Cash and cash equivalents 1,484,814 1,501,027
Restricted cash 98,191 98,295
Marketable securities 188,695 203,704
Tenant and other receivables, net of allowance for doubtful accounts of $10,711 and $10,920 86,753 94,467
Investments in partially owned entities 1,415,747 1,428,019
Real estate fund investments 454,946 462,132
Receivable arising from the straight-lining of rents, net of allowance of $1,744 and $2,227 1,048,940 1,032,736
Deferred leasing costs, net of accumulated amortization of $239,415 and $228,862 452,187 454,345
Identified intangible assets, net of accumulated amortization of $203,668 and $207,330 184,009 192,731
Assets related to discontinued operations 4,416 5,570
Other assets 450,763 515,437
Assets 20,731,448 20,814,847
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS / PARTNERSHIP UNITS AND EQUITY    
Mortgages payable, net 9,281,280 9,278,263
Senior unsecured notes, net 845,932 845,577
Unsecured term loan, net 372,595 372,215
Unsecured revolving credit facilities 115,630 115,630
Accounts payable and accrued expenses 451,156 458,694
Deferred revenue 274,477 287,846
Deferred compensation plan 124,933 121,374
Liabilities related to discontinued operations 2,670 2,870
Other liabilities 433,374 435,436
Total liabilities 11,902,047 11,917,905
Commitments and contingencies
Redeemable noncontrolling interests / partnership units:    
Class A units - 12,567,493 and 12,197,162 units outstanding 1,260,646 1,273,018
Series D cumulative redeemable preferred units - 177,101 units outstanding 5,428 5,428
Total redeemable noncontrolling interests / partnership units 1,266,074 1,278,446
Equity:    
Partners' capital 8,228,924 8,198,929
Earnings less than distributions (1,506,236) (1,419,382)
Accumulated other comprehensive income 119,019 118,972
Total Vornado / Vornado Realty L.P. shareholders' equity 6,841,707 6,898,519
Noncontrolling interests in consolidated subsidiaries 721,620 719,977
Total equity 7,563,327 7,618,496
Total liabilities, redeemable noncontrolling interests / partnership units and equity $ 20,731,448 $ 20,814,847