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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 3,173,586 $ 324,782
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain on transfer to Fifth Avenue and Times Square JV (2,571,099) 0
Net gains on disposition of wholly owned and partially owned assets (641,664) (164,828)
Depreciation and amortization (including amortization of deferred financing costs) 341,951 353,761
Non-cash impairment loss on 608 Fifth Avenue right-of-use asset 75,220 0
Distributions of income from partially owned entities 66,252 61,782
Equity in net income of partially owned entities (56,139) (6,059)
Stock-based compensation expense 48,045 26,190
Real estate impairment losses 26,140 0
Prepayment penalty on redemption of senior unsecured notes due 2022 22,058 0
Net realized and unrealized loss on real estate fund investments 16,162 33,709
Amortization of below-market leases, net (15,561) (31,480)
Straight-lining of rents 8,446 (10,279)
Decrease in fair value of marketable securities 3,095 24,801
Return of capital from real estate fund investments 0 20,291
Other non-cash adjustments 19,894 2,242
Changes in operating assets and liabilities:    
Real estate fund investments (4,000) (68,950)
Tenant and other receivables, net (28,110) (11,662)
Prepaid assets (74,502) 74,322
Other assets (10,195) (122,925)
Accounts payable and accrued expenses 1,496 (3,810)
Other liabilities (3,104) (13,849)
Net cash provided by operating activities 397,971 488,038
Cash Flows from Investing Activities:    
Proceeds from transfer of interest in Fifth Avenue and Times Square JV (net of $35,562 of transaction costs and $10,899 of deconsolidated cash and restricted cash) 1,248,743 0
Proceeds from sale of condominium units at 220 Central Park South 1,039,493 0
Proceeds from redemption of 640 Fifth Avenue preferred equity 500,000 0
Development costs and construction in progress (448,281) (274,147)
Moynihan Train Hall expenditures (352,211) 0
Proceeds from sale of real estate and related investments 255,534 219,731
Additions to real estate (189,579) (163,546)
Proceeds from sales of marketable securities 168,314 0
Distributions of capital from partially owned entities 24,880 98,609
Investments in partially owned entities (16,480) (32,728)
Acquisitions of real estate and other (3,260) (500,225)
Proceeds from repayments of loans receivable 1,395 0
Net cash provided by (used in) investing activities 2,228,548 (652,306)
Cash Flows from Financing Activities:    
Repayments of borrowings (2,635,028) (264,482)
Proceeds from borrowings 1,107,852 312,763
Purchase of marketable securities in connection with defeasance of mortgage payable (407,126) 0
Dividends paid on common shares / Distributions to Vornado (377,750) (359,456)
Moynihan Train Hall reimbursement from Empire State Development 352,211 0
Distribution to noncontrolling interests / redeemable security holders and noncontrolling interests in consolidated subsidiaries (65,084) (63,110)
Dividends paid on preferred shares / Distributions to preferred unitholders (37,598) (42,582)
Prepayment penalty on redemption of senior unsecured notes due 2022 (22,058) 0
Debt issuance costs (15,328) (7,451)
Contributions from noncontrolling interests 9,223 59,924
Repurchase of shares (Class A units) related to stock compensation arrangements and related tax withholdings (8,692) (784)
Proceeds received from exercise of employee share options (Vornado stock options) and other 2,403 5,262
Redemption of preferred shares / units (893) (470,000)
Debt prepayment and extinguishment costs 0 (818)
Net cash used in financing activities (2,097,868) (830,734)
Net increase (decrease) in cash and cash equivalents and restricted cash 528,651 (995,002)
Cash and cash equivalents and restricted cash at beginning of period 716,905 1,914,812
Cash and cash equivalents and restricted cash at end of period 1,245,556 919,810
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 570,916 1,817,655
Restricted cash at beginning of period 145,989 97,157
Cash and cash equivalents and restricted cash at beginning of period 716,905 1,914,812
Cash and cash equivalents at end of period 1,132,491 772,524
Restricted cash at end of period 113,065 147,286
Cash and cash equivalents and restricted cash at end of period 1,245,556 919,810
Supplemental Disclosure of Cash Flow Information:    
Cash payments for interest, excluding capitalized interest of $55,186 and $45,292 227,310 245,628
Cash payments for income taxes 47,345 61,047
Investments received in exchange for transfer to Fifth Avenue and Times Square JV:    
Investments received in exchange for transfer to joint venture, preferred equity 2,327,750 0
Investments received in exchange for transfer to joint venture, common equity 1,449,495 0
Reclassification of condominium units from development costs and construction in progress to 220 Central Park South condominium units ready for sale 825,520 307,552
Lease liabilities arising from the recognition of right-of-use assets 526,866 0
Marketable securities transferred in connection with the defeasance of mortgage payable (407,126) 0
Defeased mortgage payable 390,000 0
Adjustments to carry redeemable Class A units at redemption value 123,635 57,970
Accrued capital expenditures included in accounts payable and accrued expenses 117,205 74,185
Write Off Of Fully Amortized And Depreciated Assets (113,261) (61,120)
Amounts related to our investment in Pennsylvania Real Estate Investment Trust reclassified from investments in partially owned entities and accumulated other comprehensive (loss) income to marketable securities upon conversion of operating partnership units to common shares 54,962 0
Vornado Realty L.P.    
Cash Flows from Operating Activities:    
Net income 3,173,586 324,782
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain on transfer to Fifth Avenue and Times Square JV (2,571,099) 0
Net gains on disposition of wholly owned and partially owned assets (641,664) (164,828)
Depreciation and amortization (including amortization of deferred financing costs) 341,951 353,761
Non-cash impairment loss on 608 Fifth Avenue right-of-use asset 75,220 0
Distributions of income from partially owned entities 66,252 61,782
Equity in net income of partially owned entities (56,139) (6,059)
Stock-based compensation expense 48,045 26,190
Real estate impairment losses 26,140 0
Prepayment penalty on redemption of senior unsecured notes due 2022 22,058 0
Net realized and unrealized loss on real estate fund investments 16,162 33,709
Amortization of below-market leases, net (15,561) (31,480)
Straight-lining of rents 8,446 (10,279)
Decrease in fair value of marketable securities 3,095 24,801
Return of capital from real estate fund investments 0 20,291
Other non-cash adjustments 19,894 2,242
Changes in operating assets and liabilities:    
Real estate fund investments (4,000) (68,950)
Tenant and other receivables, net (28,110) (11,662)
Prepaid assets (74,502) 74,322
Other assets (10,195) (122,925)
Accounts payable and accrued expenses 1,496 (3,810)
Other liabilities (3,104) (13,849)
Net cash provided by operating activities 397,971 488,038
Cash Flows from Investing Activities:    
Proceeds from transfer of interest in Fifth Avenue and Times Square JV (net of $35,562 of transaction costs and $10,899 of deconsolidated cash and restricted cash) 1,248,743 0
Proceeds from sale of condominium units at 220 Central Park South 1,039,493 0
Proceeds from redemption of 640 Fifth Avenue preferred equity 500,000 0
Development costs and construction in progress (448,281) (274,147)
Moynihan Train Hall expenditures (352,211) 0
Proceeds from sale of real estate and related investments 255,534 219,731
Additions to real estate (189,579) (163,546)
Proceeds from sales of marketable securities 168,314 0
Distributions of capital from partially owned entities 24,880 98,609
Investments in partially owned entities (16,480) (32,728)
Acquisitions of real estate and other (3,260) (500,225)
Proceeds from repayments of loans receivable 1,395 0
Net cash provided by (used in) investing activities 2,228,548 (652,306)
Cash Flows from Financing Activities:    
Repayments of borrowings (2,635,028) (264,482)
Proceeds from borrowings 1,107,852 312,763
Purchase of marketable securities in connection with defeasance of mortgage payable (407,126) 0
Dividends paid on common shares / Distributions to Vornado (377,750) (359,456)
Moynihan Train Hall reimbursement from Empire State Development 352,211 0
Distribution to noncontrolling interests / redeemable security holders and noncontrolling interests in consolidated subsidiaries (65,084) (63,110)
Dividends paid on preferred shares / Distributions to preferred unitholders (37,598) (42,582)
Prepayment penalty on redemption of senior unsecured notes due 2022 (22,058) 0
Debt issuance costs (15,328) (7,451)
Contributions from noncontrolling interests 9,223 59,924
Repurchase of shares (Class A units) related to stock compensation arrangements and related tax withholdings (8,692) (784)
Proceeds received from exercise of employee share options (Vornado stock options) and other 2,403 5,262
Redemption of preferred shares / units (893) (470,000)
Debt prepayment and extinguishment costs 0 (818)
Net cash used in financing activities (2,097,868) (830,734)
Net increase (decrease) in cash and cash equivalents and restricted cash 528,651 (995,002)
Cash and cash equivalents and restricted cash at beginning of period 716,905 1,914,812
Cash and cash equivalents and restricted cash at end of period 1,245,556 919,810
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 570,916 1,817,655
Restricted cash at beginning of period 145,989 97,157
Cash and cash equivalents and restricted cash at beginning of period 716,905 1,914,812
Cash and cash equivalents at end of period 1,132,491 772,524
Restricted cash at end of period 113,065 147,286
Cash and cash equivalents and restricted cash at end of period 1,245,556 919,810
Supplemental Disclosure of Cash Flow Information:    
Cash payments for interest, excluding capitalized interest of $55,186 and $45,292 227,310 245,628
Cash payments for income taxes 47,345 61,047
Investments received in exchange for transfer to Fifth Avenue and Times Square JV:    
Investments received in exchange for transfer to joint venture, preferred equity 2,327,750 0
Investments received in exchange for transfer to joint venture, common equity 1,449,495 0
Reclassification of condominium units from development costs and construction in progress to 220 Central Park South condominium units ready for sale 825,520 307,552
Lease liabilities arising from the recognition of right-of-use assets 526,866 0
Marketable securities transferred in connection with the defeasance of mortgage payable (407,126) 0
Defeased mortgage payable 390,000 0
Adjustments to carry redeemable Class A units at redemption value 123,635 57,970
Accrued capital expenditures included in accounts payable and accrued expenses 117,205 74,185
Write Off Of Fully Amortized And Depreciated Assets (113,261) (61,120)
Amounts related to our investment in Pennsylvania Real Estate Investment Trust reclassified from investments in partially owned entities and accumulated other comprehensive (loss) income to marketable securities upon conversion of operating partnership units to common shares $ 54,962 $ 0