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Consolidated Statements of Cash Flows (VNO) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net (loss) income $ (382,612) $ 207,553 $ (461,845)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization (including amortization of deferred financing costs) 526,306 432,594 417,942
Equity in net loss (income) of partially owned entities 461,351 (130,517) 329,112
Distributions of income from partially owned entities 184,501 214,521 175,246
Net gains on disposition of wholly owned and partially owned assets (100,625) (50,770) (381,320)
Straight-lining of rents (46,177) 8,644 24,404
Stock-based compensation expense 29,249 38,329 48,677
Real estate impairment losses 19,098 7,880 236,286
Change in deferred tax liability 14,005 11,243 (96)
Amortization of below-market leases, net (5,178) (9,249) (16,878)
Return of capital from real estate fund investments 5,141 5,104 0
Net realized and unrealized loss (income) on real estate fund investments 2,589 (4,621) 226,107
Write-off of lease receivables deemed uncollectible 872 7,695 63,204
Defeasance cost in connection with refinancing of mortgage payable 0 23,729 0
Non-cash gain on extinguishment of 608 Fifth Avenue lease liability 0 0 (70,260)
Credit losses on loans receivable 0 0 13,369
Decrease in fair value of marketable securities 0 0 4,938
Other non-cash adjustments 3,090 (3,875) 6,835
Changes in operating assets and liabilities:      
Real estate fund investments 0 (4,474) (7,197)
Tenant and other receivables (4,437) (187) (5,330)
Prepaid assets 104,186 30,466 (137,452)
Other assets (34,615) (54,716) (52,832)
Accounts payable and accrued expenses 5,718 35,856 14,868
Other liabilities 16,482 (3,399) (3,538)
Net cash provided by operating activities 798,944 761,806 424,240
Cash Flows from Investing Activities:      
Purchase of U.S. Treasury bills (1,066,096) 0 0
Development costs and construction in progress (737,999) (585,940) (601,920)
Proceeds from maturities of U.S. Treasury bills 597,499 0 0
Proceeds from sales of real estate 373,264 100,024 0
Additions to real estate (159,796) (149,461) (155,738)
Proceeds from sale of condominium units and ancillary amenities at 220 Central Park South 88,019 137,404 1,044,260
Distributions of capital from partially owned entities 34,417 106,005 2,389
Investments in partially owned entities (33,172) (14,997) (8,959)
Acquisitions of real estate and other (3,000) (3,000) (1,156)
Acquisition of additional 45.0% ownership interest in One Park Avenue (inclusive of $5,806 of prorations and net working capital and net of $39,370 of cash and restricted cash balances consolidated upon acquisition) 0 (123,936) 0
Proceeds from repayments of loan receivables 0 1,554 0
Moynihan Train Hall expenditures 0 0 (395,051)
Proceeds from sales of marketable securities 0 0 28,375
Net cash used in investing activities (906,864) (532,347) (87,800)
Cash Flows from Financing Activities:      
Repayments of borrowings (1,251,373) (1,584,243) (1,067,564)
Proceeds from borrowings 1,029,773 3,248,007 1,056,315
Dividends paid on common shares / Distributions to Vornado (406,562) (406,109) (827,319)
Distribution to noncontrolling interests / redeemable security holders and noncontrolling interests in consolidated subsidiaries (84,699) (190,876) (91,514)
Dividends paid on preferred shares / Distributions to preferred unitholders (62,116) (65,880) (64,271)
Debt issuance costs (32,706) (51,184) (10,901)
Contributions from noncontrolling interests / noncontrolling interests in consolidated subsidiaries 5,609 4,052 100,094
Proceeds received from exercise of employee share options (Vornado stock options) and other 885 899 5,862
Repurchase of shares / Class A units related to stock compensation agreements and related tax withholdings and other (85) (1,567) (137)
Purchase of marketable securities in connection with defeasance of mortgage payable 0 (973,729) 0
Redemption of preferred shares / units 0 (300,000) 0
Proceeds from the issuance of preferred shares / units 0 291,153 291,182
Moynihan Train Hall reimbursement from Empire State Development 0 0 395,051
Net cash used in financing activities (801,274) (29,477) (213,202)
Net (decrease) increase in cash and cash equivalents and restricted cash (909,194) 199,982 123,238
Cash and cash equivalents and restricted cash at beginning of period 1,930,351 1,730,369 1,607,131
Cash and cash equivalents and restricted cash at end of period 1,021,157 1,930,351 1,730,369
Reconciliation of Cash and Cash Equivalents and Restricted Cash:      
Cash and cash equivalents at beginning of period 1,760,225 1,624,482 1,515,012
Restricted cash at beginning of period 170,126 105,887 92,119
Cash and cash equivalents and restricted cash at beginning of period 1,930,351 1,730,369 1,607,131
Cash and cash equivalents at end of period 889,689 1,760,225 1,624,482
Restricted cash at end of period 131,468 170,126 105,887
Cash and cash equivalents and restricted cash at end of period 1,021,157 1,930,351 1,730,369
Supplemental Disclosure of Cash Flow Information:      
Cash payments for interest, excluding capitalized interest of $19,085, $38,320 and $40,855 252,371 188,587 210,052
Cash payments for income taxes 7,947 9,155 15,105
Non-Cash Information:      
Additional estimated lease liability arising from the recognition of right-of-use asset 350,000 0 0
Write-off of fully depreciated assets (278,561) (123,537) (189,250)
Redeemable Class A unit measurement adjustment 221,145 (76,073) 344,043
Change in fair value of consolidated interest rate swaps and other 190,494 51,337 (29,972)
Accrued capital expenditures included in accounts payable and accrued expenses 104,750 291,690 117,641
Reclassification of condominium units from "development costs and construction in progress" to "220 Central Park South condominium units ready for sale" 32,604 16,014 388,280
Increase in assets and liabilities resulting from the consolidation of One Park Avenue:      
Marketable securities transferred in connection with the defeasance of mortgage payable 0 (973,729) 0
Defeasance of mortgage payable 0 950,000 0
Reclassification of assets held for sale (included in "other assets") 0 80,005 0
Decrease in assets and liabilities resulting from the deconsolidation of Moynihan Train Hall:      
Real estate, net 0 0 (1,291,804)
Moynihan Train Hall Obligation 0 0 (1,291,804)
One Park Avenue      
Increase in assets and liabilities resulting from the consolidation of One Park Avenue:      
Real estate 0 566,013 0
Identified intangible assets 0 139,545 0
Mortgages payable 0 525,000 0
Deferred revenue $ 0 $ 18,884 $ 0