Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Below is a summary of our revenues by segment. Additional financial information related to these reportable segments for the years ended December 31, 2021, 2020 and 2019 is set forth in Note 23 - Segment Information.


(Amounts in thousands)	For the Year Ended December 31, 2021
	Total		New York		Other
Property rentals	$	1,354,209	$	1,071,816	$	282,393

Trade shows(1)	19,482		—		19,482
Lease revenues(2)	1,373,691		1,071,816		301,875
Tenant services	37,449		26,048		11,401
Parking revenues	13,391		11,370		2,021
Rental revenues	1,424,531		1,109,234		315,297
BMS cleaning fees	119,780		126,891		(7,111)		(3)
Management and leasing fees	11,725		12,177		(452)
Other income	33,174		9,297		23,877
Fee and other income	164,679		148,365		16,314
Total revenues	1,589,210		1,257,599		331,611

____________________

See notes on following page.


(Amounts in thousands)	For the Year Ended December 31, 2020
	Total		New York		Other
Property rentals(4)	$	1,323,347	$	1,051,009	$	272,338
Hotel Pennsylvania(5)	8,741		8,741		—
Trade shows(1)	11,303		—		11,303
Lease revenues(2)	1,343,391		1,059,750		283,641
Tenant services	34,244		23,750		10,494
Rental revenues	1,377,635		1,083,500		294,135
BMS cleaning fees	105,536		112,112		(6,576)		(3)
Management and leasing fees	19,416		19,508		(92)
Other income	25,364		6,628		18,736
Fee and other income	150,316		138,248		12,068
Total revenues	$	1,527,951	$	1,221,748	$	306,203

____________________

See notes on following page.

3. Revenue Recognition - continued


(Amounts in thousands)	For the Year Ended December 31, 2019
	Total		New York		Other
Property rentals(4)	$	1,589,539	$	1,300,385	$	289,154
Hotel Pennsylvania	89,594		89,594		—
Trade shows	40,577		—		40,577
Lease revenues(2)	1,719,710		1,389,979		329,731
Tenant services	47,512		35,011		12,501
Rental revenues	1,767,222		1,424,990		342,232
BMS cleaning fees	124,674		133,358		(8,684)		(3)
Management and leasing fees	13,542		13,694		(152)
Other income	19,262		5,818		13,444
Fee and other income	157,478		152,870		4,608
Total revenues	$	1,924,700	$	1,577,860	$	346,840

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(1)We cancelled trade shows at theMART beginning late March of 2020 due to the COVID-19 pandemic and resumed in the third quarter of 2021.

(2)The components of lease revenues were as follows:


(Amounts in thousands)	For the Year Ended December 31,
	2021		2020		2019
Fixed billings	$	1,277,645	$	1,292,174	$	1,531,917
Variable billings	108,850		126,907		199,291
Total contractual operating lease billings	1,386,495		1,419,081		1,731,208
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	(5,109)		(12,486)		5,739
Less: write-off of straight-line rent and tenant receivables deemed uncollectible	(7,695)		(63,204)		(17,237)
Lease revenues	$	1,373,691	$	1,343,391	$	1,719,710

(3)Represents the elimination of theMART and 555 California Street BMS cleaning fees which are included as income in the New York segment.

(4)Reduced by $63,204 and $17,237 for the years ended December 31, 2020 and 2019, respectively, for the write-off of lease receivables deemed uncollectible (primarily write-offs of receivables arising from the straight-lining of rents).

(5)We temporarily closed the Hotel Pennsylvania on April 1, 2020 and on April 5, 2021, we permanently closed the hotel and plan to develop an office tower on the site.

Operating Lease, Lease Income

The components of lease revenues were as follows:


(Amounts in thousands)	For the Year Ended December 31,
	2021		2020		2019
Fixed billings	$	1,277,645	$	1,292,174	$	1,531,917
Variable billings	108,850		126,907		199,291
Total contractual operating lease billings	1,386,495		1,419,081		1,731,208
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	(5,109)		(12,486)		5,739
Less: write-off of straight-line rent and tenant receivables deemed uncollectible	(7,695)		(63,204)		(17,237)
Lease revenues	$	1,373,691	$	1,343,391	$	1,719,710