XML 121 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Real estate, at cost:    
Land $ 2,591,261 $ 3,306,280
Buildings and improvements 7,953,163 10,110,992
Development costs and construction in progress 1,490,614 2,266,491
Moynihan Train Hall development expenditures 914,960 445,693
Leasehold improvements and equipment 124,014 108,427
Total 13,074,012 16,237,883
Less accumulated depreciation and amortization (3,015,958) (3,180,175)
Real estate, net 10,058,054 13,057,708
Right-of-use assets 379,546 0
Cash and cash equivalents 1,515,012 570,916
Restricted cash 92,119 145,989
Marketable securities 33,313 152,198
Tenant and other receivables 95,733 73,322
Investments in partially owned entities 3,999,165 858,113
Real estate fund investments 222,649 318,758
220 Central Park South condominium units ready for sale 408,918 99,627
Receivable arising from the straight-lining of rents 742,206 935,131
Deferred leasing costs, net of accumulated amortization of $196,229 and $207,529 353,986 400,313
Identified intangible assets, net of accumulated amortization of $98,587 and $172,114 30,965 136,781
Other assets 355,347 431,938
Assets 18,287,013 17,180,794
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,639,897 8,167,798
Senior unsecured notes, net 445,872 844,002
Unsecured term loan, net 745,840 744,821
Unsecured revolving credit facilities 575,000 80,000
Lease liabilities 498,254 0
Moynihan Train Hall obligation 914,960 445,693
Special dividend/distribution payable on January 15, 2020 398,292 0
Accounts payable and accrued expenses 440,049 430,976
Deferred revenue 59,429 167,730
Deferred compensation plan 103,773 96,523
Other liabilities 265,754 311,806
Total liabilities 10,087,120 11,289,349
Commitments and contingencies
Redeemable noncontrolling interests / partnership units:    
Class A units - 13,298,956 and 12,544,477 units outstanding 884,380 778,134
Series D cumulative redeemable preferred units - 141,401 and 177,101 units outstanding 4,535 5,428
Total redeemable noncontrolling interests / partnership units 888,915 783,562
Shareholders' / Partners' equity:    
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 36,795,640 and 36,798,580 shares 891,214 891,294
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 190,985,677 and 190,535,499 shares 7,618 7,600
Additional capital 7,827,697 7,725,857
Earnings less than distributions (1,954,266) (4,167,184)
Accumulated other comprehensive (loss) income (40,233) 7,664
Total Vornado and Vornado Realty L.P. shareholders' equity 6,732,030 4,465,231
Noncontrolling interests in consolidated subsidiaries 578,948 642,652
Total equity 7,310,978 5,107,883
Total liabilities, redeemable noncontrolling interests / partnership units and equity 18,287,013 17,180,794
Vornado Realty L.P.    
Real estate, at cost:    
Land 2,591,261 3,306,280
Buildings and improvements 7,953,163 10,110,992
Development costs and construction in progress 1,490,614 2,266,491
Moynihan Train Hall development expenditures 914,960 445,693
Leasehold improvements and equipment 124,014 108,427
Total 13,074,012 16,237,883
Less accumulated depreciation and amortization (3,015,958) (3,180,175)
Real estate, net 10,058,054 13,057,708
Right-of-use assets 379,546 0
Cash and cash equivalents 1,515,012 570,916
Restricted cash 92,119 145,989
Marketable securities 33,313 152,198
Tenant and other receivables 95,733 73,322
Investments in partially owned entities 3,999,165 858,113
Real estate fund investments 222,649 318,758
220 Central Park South condominium units ready for sale 408,918 99,627
Receivable arising from the straight-lining of rents 742,206 935,131
Deferred leasing costs, net of accumulated amortization of $196,229 and $207,529 353,986 400,313
Identified intangible assets, net of accumulated amortization of $98,587 and $172,114 30,965 136,781
Other assets 355,347 431,938
Assets 18,287,013 17,180,794
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,639,897 8,167,798
Senior unsecured notes, net 445,872 844,002
Unsecured term loan, net 745,840 744,821
Unsecured revolving credit facilities 575,000 80,000
Lease liabilities 498,254 0
Moynihan Train Hall obligation 914,960 445,693
Special dividend/distribution payable on January 15, 2020 398,292 0
Accounts payable and accrued expenses 440,049 430,976
Deferred revenue 59,429 167,730
Deferred compensation plan 103,773 96,523
Other liabilities 265,754 311,806
Total liabilities 10,087,120 11,289,349
Commitments and contingencies
Redeemable noncontrolling interests / partnership units:    
Class A units - 13,298,956 and 12,544,477 units outstanding 884,380 778,134
Series D cumulative redeemable preferred units - 141,401 and 177,101 units outstanding 4,535 5,428
Total redeemable noncontrolling interests / partnership units 888,915 783,562
Shareholders' / Partners' equity:    
Partners' capital 8,726,529 8,624,751
Earnings less than distributions (1,954,266) (4,167,184)
Accumulated other comprehensive (loss) income (40,233) 7,664
Total Vornado and Vornado Realty L.P. shareholders' equity 6,732,030 4,465,231
Noncontrolling interests in consolidated subsidiaries 578,948 642,652
Total equity 7,310,978 5,107,883
Total liabilities, redeemable noncontrolling interests / partnership units and equity $ 18,287,013 $ 17,180,794