XML 27 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income (VNO) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES:      
Total revenues $ 1,799,995 $ 1,589,210 $ 1,527,951
EXPENSES:      
Operating (873,911) (797,315) (789,066)
Depreciation and amortization (504,502) (412,347) (399,695)
General and administrative (133,731) (134,545) (181,509)
Benefit (expense) from deferred compensation plan liability 9,617 (9,847) (6,443)
Impairment losses, transaction related costs and other (31,722) (13,815) (174,027)
Total expenses (1,534,249) (1,367,869) (1,550,740)
(Loss) income from partially owned entities (461,351) 130,517 (329,112)
Income (loss) from real estate fund investments 3,541 11,066 (226,327)
Interest and other investment income (loss), net 19,869 4,612 (5,499)
(Loss) income from deferred compensation plan assets (9,617) 9,847 6,443
Interest and debt expense (279,765) (231,096) (229,251)
Net gains on disposition of wholly owned and partially owned assets 100,625 50,770 381,320
(Loss) income before income taxes (360,952) 197,057 (425,215)
Income tax (expense) benefit (21,660) 10,496 (36,630)
Net (loss) income (382,612) 207,553 (461,845)
Less net loss (income) attributable to noncontrolling interests in:      
Consolidated subsidiaries 5,737 (24,014) 139,894
Operating Partnership 30,376 (7,540) 24,946
Net (loss) income attributable to Vornado / Vornado Realty L.P. (346,499) 175,999 (297,005)
Preferred share dividends / unit distributions (62,116) (65,880) (51,739)
Series K preferred share / unit issuance costs 0 (9,033) 0
NET (LOSS) INCOME attributable to common shareholders / Class A unitholders $ (408,615) $ 101,086 $ (348,744)
(LOSS) INCOME PER COMMON SHARE - BASIC:      
Net (loss) income per common share (in dollars per share) $ (2.13) $ 0.53 $ (1.83)
Weighted average shares outstanding, basic (in shares) 191,775 191,551 191,146
(LOSS) INCOME PER COMMON SHARE - DILUTED:      
Net (loss) income per common share (in dollars per share) $ (2.13) $ 0.53 $ (1.83)
Weighted average shares outstanding, diluted (in shares) 191,775 192,122 191,146
Rental revenues      
REVENUES:      
Total revenues $ 1,607,685 $ 1,424,531 $ 1,377,635
Fee and other income      
REVENUES:      
Total revenues $ 192,310 $ 164,679 $ 150,316