2020 Form 10-K Financial Statement

#000165642321000006 Filed on February 26, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $2.766B $757.5M $2.961B
YoY Change -6.58% 7.42% 8.96%
Cost Of Revenue $1.042B $279.4M $1.094B
YoY Change -4.79% 6.03% 7.02%
Gross Profit $1.694B $478.1M $1.826B
YoY Change -7.23% 8.24% 10.72%
Gross Profit Margin 61.25% 63.12% 61.68%
Selling, General & Admin $133.1M $32.80M $140.8M
YoY Change -5.47% 18.41% 15.69%
% of Gross Profit 7.86% 6.86% 7.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $683.8M $169.9M $677.8M
YoY Change 0.88% 2.72% 4.97%
% of Gross Profit 40.36% 35.54% 37.11%
Operating Expenses $816.9M $202.7M $818.5M
YoY Change -0.2% 4.97% 6.66%
Operating Profit $877.2M $275.4M $1.008B
YoY Change -12.95% 10.78% 14.25%
Interest Expense $431.7M -$97.20M $412.7M
YoY Change 4.6% 2.75% 9.14%
% of Operating Profit 49.22% -35.29% 40.96%
Other Income/Expense, Net
YoY Change
Pretax Income $1.019B $176.0M $652.0M
YoY Change 56.24% -4.97% -8.5%
Income Tax
% Of Pretax Income
Net Earnings $872.7M $140.8M $521.5M
YoY Change 67.34% -5.19% -10.52%
Net Earnings / Revenue 31.56% 18.59% 17.62%
Basic Earnings Per Share $5.55 $0.91 $3.31
Diluted Earnings Per Share $5.54 $0.91 $3.30
COMMON SHARES
Basic Shares Outstanding 155.4M shares 154.6M shares 154.6M shares
Diluted Shares Outstanding 155.5M shares 154.9M shares

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.669B $681.7M $645.0M
YoY Change 158.76% 19.27% 18.78%
Cash & Equivalents $1.669B $645.0M $645.0M
Short-Term Investments $36.75M
Other Short-Term Assets $34.00M $42.00M $42.00M
YoY Change -19.05% -48.15% -48.15%
Inventory
Prepaid Expenses
Receivables $77.00M $113.0M $113.0M
Other Receivables $1.123B $1.039B $1.039B
Total Short-Term Assets $2.903B $1.839B $1.839B
YoY Change 57.86% 11.73% 11.73%
LONG-TERM ASSETS
Property, Plant & Equipment $17.82B $17.62B $17.62B
YoY Change 1.12% 5.19% 5.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.350B $992.0M $992.0M
YoY Change 36.09% 0.71% 0.71%
Other Assets $691.0M $736.0M $736.0M
YoY Change -6.11% -5.03% -5.03%
Total Long-Term Assets $19.96B $19.45B $19.45B
YoY Change 2.62% 4.49% 4.49%
TOTAL ASSETS
Total Short-Term Assets $2.903B $1.839B $1.839B
Total Long-Term Assets $19.96B $19.45B $19.45B
Total Assets $22.86B $21.28B $21.29B
YoY Change 7.39% 5.08% 5.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $336.0M $378.0M $378.0M
YoY Change -11.11% 36.46% 36.46%
Accrued Expenses $308.0M $290.0M $290.0M
YoY Change 6.21% 225.84% 225.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $815.0M $839.0M $839.0M
YoY Change -2.86% 58.0% 58.0%
LONG-TERM LIABILITIES
Long-Term Debt $13.28B $12.04B $12.04B
YoY Change 10.37% 9.34% 9.34%
Other Long-Term Liabilities $419.0M $396.0M $396.0M
YoY Change 5.81% -21.43% -21.43%
Total Long-Term Liabilities $13.70B $12.43B $12.43B
YoY Change 10.22% 7.99% 7.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $815.0M $839.0M $839.0M
Total Long-Term Liabilities $13.70B $12.43B $12.43B
Total Liabilities $16.86B $13.26B $15.60B
YoY Change 8.09% 10.13% 8.54%
SHAREHOLDERS EQUITY
Retained Earnings -$760.5M
YoY Change 12.58%
Common Stock $1.548M
YoY Change 0.19%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.722M
YoY Change 0.0%
Treasury Stock Shares 78.90K shares
Shareholders Equity $5.996B $5.685B $5.685B
YoY Change
Total Liabilities & Shareholders Equity $22.86B $21.28B $21.29B
YoY Change 7.39% 5.08% 5.08%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income $872.7M $140.8M $521.5M
YoY Change 67.34% -5.19% -10.52%
Depreciation, Depletion And Amortization $683.8M $169.9M $677.8M
YoY Change 0.88% 2.72% 4.97%
Cash From Operating Activities $1.157B $361.4M $1.181B
YoY Change -2.06% -4.79% 2.69%
INVESTING ACTIVITIES
Capital Expenditures -$1.015B -$267.4M -$1.128B
YoY Change -9.98% -8.99% 3.01%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$11.20M $0.00
YoY Change -105.21% -100.0%
Cash From Investing Activities -$613.7M -$278.6M -$1.015B
YoY Change -39.54% 253.55% -7.62%
FINANCING ACTIVITIES
Cash Dividend Paid $688.9M $666.3M
YoY Change 3.39% 13.39%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $484.3M -195.6M -$113.4M
YoY Change -527.17% 129.04% -237.51%
NET CHANGE
Cash From Operating Activities $1.157B 361.4M $1.181B
Cash From Investing Activities -$613.7M -278.6M -$1.015B
Cash From Financing Activities $484.3M -195.6M -$113.4M
Net Change In Cash $1.027B -112.8M $52.70M
YoY Change 1849.79% -152.37% -60.62%
FREE CASH FLOW
Cash From Operating Activities $1.157B $361.4M $1.181B
Capital Expenditures -$1.015B -$267.4M -$1.128B
Free Cash Flow $2.172B $628.8M $2.309B
YoY Change -5.93% -6.62% 2.84%

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511034000 USD
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5.54
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3.30
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3.70
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404000 USD
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880000 USD
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2412000 USD
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0 USD
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24038000 USD
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19000 USD
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251831000 USD
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CY2019 bxp Rightofuseassetsfinanceleases
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5152000 USD
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CY2019 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2018 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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0 USD
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CY2019 us-gaap Payments For Proceeds From Other Real Estate Partnerships
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CY2018 us-gaap Origination Of Notes Receivable From Related Parties
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380000000 USD
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500000000 USD
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502000 USD
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CY2020 us-gaap Repayments Of Long Term Capital Lease Obligations
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CY2019 us-gaap Repayments Of Long Term Capital Lease Obligations
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CY2018 us-gaap Repayments Of Long Term Capital Lease Obligations
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1353000 USD
CY2020 bxp Paymentsonrealestatetransaction
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CY2019 bxp Paymentsonrealestatetransaction
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960000 USD
CY2020 us-gaap Payments Of Financing Costs
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0 USD
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CY2019 us-gaap Proceeds From Issuance Or Sale Of Equity
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13710000 USD
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8219000 USD
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35816000 USD
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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1027443000 USD
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133822000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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639191000 USD
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1719329000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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691886000 USD
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CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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46936000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2019 us-gaap Interest Paid
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CY2020 bxp Writeoffoffullydepreciatedrealestate
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99494000 USD
CY2019 bxp Writeoffoffullydepreciatedrealestate
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129831000 USD
CY2018 bxp Writeoffoffullydepreciatedrealestate
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0 USD
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0 USD
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CY2020 bxp Prepaidrentreclassifiedtorightofuseasset
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0 USD
CY2019 bxp Prepaidrentreclassifiedtorightofuseasset
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CY2020 bxp Accruedrentalincomenetdeconsolidated
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4558000 USD
CY2019 bxp Accruedrentalincomenetdeconsolidated
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0 USD
CY2018 bxp Accruedrentalincomenetdeconsolidated
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0 USD
CY2020 bxp Transfer Of Tenant Lease Costs Real Estate
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3462000 USD
CY2019 bxp Transfer Of Tenant Lease Costs Real Estate
TransferOfTenantLeaseCostsRealEstate
0 USD
CY2018 bxp Transfer Of Tenant Lease Costs Real Estate
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0 USD
CY2020 us-gaap Transfer Of Other Real Estate
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111889000 USD
CY2019 us-gaap Transfer Of Other Real Estate
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12767000 USD
CY2018 us-gaap Transfer Of Other Real Estate
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0 USD
CY2020 bxp Transfer Of Tenant Improvements Real Estate
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12331000 USD
CY2019 bxp Transfer Of Tenant Improvements Real Estate
TransferOfTenantImprovementsRealEstate
0 USD
CY2018 bxp Transfer Of Tenant Improvements Real Estate
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0 USD
CY2020 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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CY2019 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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135004000 USD
CY2018 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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0 USD
CY2020 bxp Leaseliabilityfinanceleasedeconsolidation
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0 USD
CY2019 bxp Leaseliabilityfinanceleasedeconsolidation
Leaseliabilityfinanceleasedeconsolidation
-119534000 USD
CY2018 bxp Leaseliabilityfinanceleasedeconsolidation
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0 USD
CY2020 us-gaap Transfer To Investments
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347898000 USD
CY2019 us-gaap Transfer To Investments
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29246000 USD
CY2018 us-gaap Transfer To Investments
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CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
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171082000 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
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170713000 USD
CY2018Q4 us-gaap Dividends Payable Current And Noncurrent
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165114000 USD
CY2020 bxp Conversions Of Noncontrolling Interests To Stockholders Equity
ConversionsOfNoncontrollingInterestsToStockholdersEquity
29698000 USD
CY2019 bxp Conversions Of Noncontrolling Interests To Stockholders Equity
ConversionsOfNoncontrollingInterestsToStockholdersEquity
4885000 USD
CY2018 bxp Conversions Of Noncontrolling Interests To Stockholders Equity
ConversionsOfNoncontrollingInterestsToStockholdersEquity
2880000 USD
CY2020 bxp Issuance Of Restricted Securities To Employees And Directors
IssuanceOfRestrictedSecuritiesToEmployeesAndDirectors
42607000 USD
CY2019 bxp Issuance Of Restricted Securities To Employees And Directors
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37622000 USD
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37052000 USD
CY2017Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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CY2017Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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CY2019 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.896
CY2020Q4 bxp Restriction On Redemption Of Op Units From Date Of Issuance In Years
RestrictionOnRedemptionOfOpUnitsFromDateOfIssuanceInYears
1 Y
CY2020Q4 bxp Op Unit Conversion Rate
OpUnitConversionRate
1 shares
CY2020Q4 bxp Common Stock Conversion Rate
CommonStockConversionRate
1 shares
CY2020Q4 bxp Op Unit Conversion Rate
OpUnitConversionRate
1 shares
CY2020Q4 bxp Number Of Series Of Preferred Units Outstanding
NumberOfSeriesOfPreferredUnitsOutstanding
1
CY2019Q4 bxp Number Of Series Of Preferred Units Outstanding
NumberOfSeriesOfPreferredUnitsOutstanding
1
CY2020Q4 bxp Numberof Vi Es
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6
CY2020Q4 bxp Numberof Vi Es Total
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7
CY2020 us-gaap Interest Costs Capitalized
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53900000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
54900000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
65800000 USD
CY2020 bxp Salaries And Related Costs Capitalized
SalariesAndRelatedCostsCapitalized
12900000 USD
CY2019 bxp Salaries And Related Costs Capitalized
SalariesAndRelatedCostsCapitalized
10400000 USD
CY2018 bxp Salaries And Related Costs Capitalized
SalariesAndRelatedCostsCapitalized
12500000 USD
CY2020Q4 bxp Cash Fdic Insured Limit
CashFDICInsuredLimit
250000 USD
CY2020Q4 bxp Separate Unrestricted Cash For Deferred Compensation Plan
SeparateUnrestrictedCashForDeferredCompensationPlan
39500000 USD
CY2019Q4 bxp Separate Unrestricted Cash For Deferred Compensation Plan
SeparateUnrestrictedCashForDeferredCompensationPlan
36700000 USD
CY2020 us-gaap Gain Loss On Investments
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5300000 USD
CY2019 us-gaap Gain Loss On Investments
GainLossOnInvestments
6400000 USD
CY2018 us-gaap Gain Loss On Investments
GainLossOnInvestments
-1900000 USD
CY2018 bxp Internal Leasing Salaries And Related Costs Capitalized
InternalLeasingSalariesAndRelatedCostsCapitalized
5400000 USD
CY2020 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
104900000 USD
CY2019 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
58400000 USD
CY2018 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
51900000 USD
CY2020 bxp Above And Below Market Rent Adjustments
AboveAndBelowMarketRentAdjustments
6500000 USD
CY2019 bxp Above And Below Market Rent Adjustments
AboveAndBelowMarketRentAdjustments
20900000 USD
CY2018 bxp Above And Below Market Rent Adjustments
AboveAndBelowMarketRentAdjustments
23800000 USD
CY2019 bxp Dividends Treatment For Federal Tax Purposes
DividendsTreatmentForFederalTaxPurposes
3.15
CY2020 us-gaap Use Of Estimates
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<div style="margin-top:14pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates in the Preparation of Financial Statements</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. These estimates include such items as depreciation and allowances for doubtful accounts. Actual results could differ from those estimates.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company bases its estimates on historical experience and on various other assumptions that it considers to be reasonable under the circumstances, including the impact of extraordinary events such as COVID-19, the results of which form the basis for making significant judgments about the carrying values of assets and liabilities, assessments of future collectability, and other areas of the financial statements that are impacted by the use of estimates. Actual results may differ from these estimates under different assumptions or conditions.</span></div>
CY2020 bxp Dividends Treatment For Federal Tax Purposes
DividendsTreatmentForFederalTaxPurposes
3.88
CY2020 bxp Dividends Treatment For Federal Tax Purposes Percentage
DividendsTreatmentForFederalTaxPurposesPercentage
1.0000
CY2019 bxp Dividends Treatment For Federal Tax Purposes Percentage
DividendsTreatmentForFederalTaxPurposesPercentage
1.0000
CY2018 bxp Dividends Treatment For Federal Tax Purposes
DividendsTreatmentForFederalTaxPurposes
3.57
CY2018 bxp Dividends Treatment For Federal Tax Purposes Percentage
DividendsTreatmentForFederalTaxPurposesPercentage
1.0000
CY2020Q4 us-gaap Land
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5069206000 USD
CY2019Q4 us-gaap Land
Land
5111606000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
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237393000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
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237394000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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146406000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
148640000 USD
CY2020Q4 us-gaap Land Available For Development
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450954000 USD
CY2019Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
254828000 USD
CY2020Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
13777691000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
13646054000 USD
CY2020Q4 us-gaap Leasehold Improvements Gross
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2752880000 USD
CY2019Q4 us-gaap Leasehold Improvements Gross
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2656439000 USD
CY2020Q4 us-gaap Furniture And Fixtures Gross
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49606000 USD
CY2019Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
44313000 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
868773000 USD
CY2019Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
789736000 USD
CY2020Q4 bxp Real Estate Investment Property At Cost Including Rightof Use Assets
RealEstateInvestmentPropertyAtCostIncludingRightofUseAssets
23352909000 USD
CY2019Q4 bxp Real Estate Investment Property At Cost Including Rightof Use Assets
RealEstateInvestmentPropertyAtCostIncludingRightofUseAssets
22889010000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
5534102000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
5266798000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
17818807000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
17622212000 USD
CY2020 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
67700000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
22600000 USD
CY2020 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The Company has four non-cancelable ground lease obligations, as lessee, which were classified as operating leases, with various initial term expiration dates through 2114.
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
13948000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
14573000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
56000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
29000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
583000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
47000 USD
CY2020Q4 bxp Finance Leases Under Development
FinanceLeasesUnderDevelopment
3 Vehicles
CY2019Q4 bxp Finance Leases Under Development
FinanceLeasesUnderDevelopment
3 Vehicles
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P51Y
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P51Y
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P70Y
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P71Y
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.057
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.057
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.062
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.062
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
25092000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
5896000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
18020000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
10206000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10262000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
9701000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9277000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
48518000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
9476000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
9971000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
548478000 USD
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2758014000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
2177848000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
2188846000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
1373177000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
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620605000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1457469000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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-418892000 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
-1220977000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
201713000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
236492000 USD
CY2020Q4 bxp Lessee Purchase Option Reasonably Certain Of Exercising
LesseePurchaseOptionReasonablyCertainOfExercising
38700000 USD
CY2020 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
2211915000 USD
CY2019 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
2261260000 USD
CY2020 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
434346000 USD
CY2019 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
496754000 USD
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2646261000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
2144213000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
2043264000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
1901624000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
12577660000 USD
CY2020 bxp Number Of Tenants Above Concentration Amount
NumberOfTenantsAboveConcentrationAmount
0
CY2020 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.100
CY2020Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
1023058000 USD
CY2019Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
1155958000 USD
CY2020Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
12728000 USD
CY2019Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
12728000 USD
CY2020Q4 bxp Deferred Costs Gross
DeferredCostsGross
1035786000 USD
CY2019Q4 bxp Deferred Costs Gross
DeferredCostsGross
1168686000 USD
CY2020Q4 bxp Accumulated Amortization Leasing And Financing Costs
AccumulatedAmortizationLeasingAndFinancingCosts
395701000 USD
CY2019Q4 bxp Accumulated Amortization Leasing And Financing Costs
AccumulatedAmortizationLeasingAndFinancingCosts
479473000 USD
CY2020Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
640085000 USD
CY2019Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
689213000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
10352000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5464000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3854000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2220000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2174000 USD
CY2020Q4 bxp Investments In Affiliates Subsidiaries Associates And Joint Venturesnet
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesnet
1273919000 USD
CY2019Q4 bxp Investments In Affiliates Subsidiaries Associates And Joint Venturesnet
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesnet
933223000 USD
CY2020 bxp Schedule Of Statements Of Operations Of Unconsolidated Joint Ventures Text Bock
ScheduleOfStatementsOfOperationsOfUnconsolidatedJointVenturesTextBock
<div style="margin-top:14pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The combined summarized statements of operations of the Company’s unconsolidated joint ventures are as follows:</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:57.671%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:11.180%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.992%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.180%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.992%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.185%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Year ended December 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2019</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2018</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(in thousands)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total revenue (1)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">319,560 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">322,817 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">271,951 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expenses</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">144,347 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">122,992 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106,610 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transaction costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,027 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization (2)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,853 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">102,296 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">103,079 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total expenses</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">287,227 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">226,288 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">209,689 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income (expense)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(98,051)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(84,409)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(71,308)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gains on sales of real estate (3)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,737 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,706 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,951 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(53,981)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,826 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,905 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Company’s share of net income (loss)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,256)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,423 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,084 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Impairment loss on investment (4)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(60,524)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Basis differential (3)(4)(5)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8,330)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,169 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,862)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Loss) income from unconsolidated joint ventures</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(85,110)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,592 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,222 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">_______________ </span></div><div style="padding-left:27pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.02pt">Includes straight-line rent adjustments of approximately $(10.1) million, $32.4 million and $15.9 million for the years ended December 31, 2020, 2019 and 2018, respectively. Due primarily to the impact of COVID-19, for the year ended December 31, 2020, write-offs of accounts receivable and accrued rent balances totaled approximately $51.7 million.</span></div><div style="padding-left:27pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.02pt">During the year ended December 31, 2018, the joint venture that owns Metropolitan Square in Washington, DC, commenced a renovation project and recorded accelerated depreciation expense of approximately $22.4 million related to the remaining book value of the assets to be replaced. The Company’s share of the accelerated depreciation expense totaled approximately $4.5 million.</span></div><div style="padding-left:27pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.02pt">For the year ended December 31, 2019, represents the gain on sale of 540 Madison Avenue recognized by the joint venture. During 2008, the Company recognized an other-than-temporary impairment loss on its investment in the unconsolidated joint venture resulting in a basis differential between the carrying value of the Company’s investment in the joint venture and the joint venture’s basis in the assets and liabilities of the property. As a result of the historical basis difference, the Company recognized a gain on sale of real estate totaling approximately $47.2 million for the year ended December 31, 2019, which consists of its share of the gain on sale reported by the joint venture as well as an adjustment for the basis differential. The gain on sale of real estate is included in Income from Unconsolidated Joint Ventures in the Company’s Consolidated Statements of Operations.</span></div><div style="padding-left:27pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.02pt">During the year ended December 31, 2020, the Company recognized an other-than-temporary impairment loss on its investment in the unconsolidated joint venture that owns Dock 72 in Brooklyn, New York totaling approximately $60.5 million.</span></div>(5)Includes straight-line rent adjustments of approximately $1.8 million, $2.1 million and $2.4 million for the years ended December 31, 2020, 2019 and 2018, respectively. Also includes net above-/below-market rent adjustments of approximately $0.9 million, $1.7 million and $1.6 million for the years ended December 31, 2020, 2019 and 2018, respectively.
CY2020Q4 bxp Significant Unobservable Inputs Used In Other Than Temporary Impairment Analysis
SignificantUnobservableInputsUsedInOtherThanTemporaryImpairmentAnalysis
The Company determined that its valuation of the investment was categorized within Level 3 of the fair value hierarchy, as it utilized significant unobservable inputs in its assessment including an exit capitalization rate of 5.25%, a discount rate on the Company’s equity investment (the property is encumbered by mortgage debt) of 8.0% and an average lease commencement on currently vacant space of mid-2023.
CY2020Q4 us-gaap Secured Debt
SecuredDebt
2900000000 USD
CY2020 us-gaap Debt Instrument Collateral
DebtInstrumentCollateral
each collateralized by one or more buildings and related land included in real estate assets
CY2019 us-gaap Debt Instrument Collateral
DebtInstrumentCollateral
each collateralized by one or more buildings and related land included in real estate assets
CY2019Q4 bxp Number Of Variable Mortgage Loans
NumberOfVariableMortgageLoans
0 Vehicles
CY2020Q4 bxp Number Of Variable Mortgage Loans
NumberOfVariableMortgageLoans
0 Vehicles
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
17276000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
614710000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2300000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
2931986000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
-22905000 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
2909081000 USD
CY2020 us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
Among other covenants, the 2017 Credit Facility requires that Boston Properties Limited Partnership maintain on an ongoing basis: (1) a leverage ratio not to exceed 60%, however, the leverage ratio may increase to no greater than 65% provided that it is reduced back to 60% within one year, (2) a secured debt leverage ratio not to exceed 55%, (3) a fixed charge coverage ratio of at least 1.40, (4) an unsecured debt leverage ratio not to exceed 60%, however, the unsecured debt leverage ratio may increase to no greater than 65% provided that it is reduced to 60% within one year, (5) an unsecured debt interest coverage ratio of at least 1.75 and (6) limitations on permitted investments.
CY2020Q4 bxp Letter Of Credit And Performance Obligation
LetterOfCreditAndPerformanceObligation
20000000.0 USD
CY2020Q4 bxp Insurance Policy Limit
InsurancePolicyLimit
1000000000.0 USD
CY2019 us-gaap Conversion Of Stock Shares Issued1
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144481 shares
CY2020Q4 bxp Insurance Policy Limit
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1000000000.0 USD
CY2020 bxp Per Occurrence Limit For Nbcr Coverage
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1000000000.0 USD
CY2020Q4 bxp Program Trigger Value
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200000000 USD
CY2020 bxp Program Trigger Coinsurance
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0.20
CY2020 bxp Programtriggerdeductible
Programtriggerdeductible
0.20
CY2020 bxp Earthquake Deductible Insurance Percentage Of Value Of The Affected Property San Franciscoand Los Angeles
EarthquakeDeductibleInsurancePercentageOfValueOfTheAffectedPropertySanFranciscoandLosAngeles
0.03
CY2020 bxp Per Occurrence Limit Of Earth Quake Insurance San Franciscoand Los Angeles
PerOccurrenceLimitOfEarthQuakeInsuranceSanFranciscoandLosAngeles
240000000 USD
CY2020 bxp Annual Aggregate Limit Of Earth Quake Insurance San Franciscoand Los Angeles
AnnualAggregateLimitOfEarthQuakeInsuranceSanFranciscoandLosAngeles
240000000 USD
CY2020 bxp Amount Of Earthquake Insurance Provided By Ixpllc As Direct Insurer San Franciscoand Los Angeles
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20000000 USD
CY2020Q4 us-gaap Minority Interest In Limited Partnerships
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1700000000 USD
CY2019Q4 us-gaap Minority Interest In Limited Partnerships
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1700000000 USD
CY2020Q4 us-gaap Common Stock Shares Outstanding
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155718825 shares
CY2020Q4 us-gaap General Partners Capital Account Units Outstanding
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1730921 shares
CY2020Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
153987904 shares
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
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43792 shares
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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145088 shares
CY2020 us-gaap Conversion Of Stock Shares Issued1
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856811 shares
CY2020Q4 us-gaap Dividends Payable Amount Per Share
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0.98
CY2020Q4 us-gaap Common Stock Dividends Per Share Cash Paid
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0.98
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
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0.98
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.98
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0.98
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0.98
CY2019Q4 us-gaap Common Stock Dividends Per Share Cash Paid
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0.95
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
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0.95
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.95
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.95
CY2020 us-gaap Allowance For Loan And Lease Losses Write Offs
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67700000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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22600000 USD
CY2020 bxp Rental Revenue Class Office
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2678795000 USD
CY2020 bxp Rental Revenue Residential
RentalRevenueResidential
38146000 USD
CY2020 bxp Rental Revenue Total
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2724419000 USD
CY2020 bxp Percentage Of Total Revenue
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1.0000
CY2020 bxp Rental Expenses Class Office
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998469000 USD
CY2020 bxp Rental Expenses Residential
RentalExpensesResidential
18739000 USD
CY2020 bxp Rental Expenses Operating Expenses Total
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1030344000 USD
CY2020 bxp Percentage Of Total Rental Expenses
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1.0000
CY2020 us-gaap Gross Profit
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1694075000 USD
CY2020 bxp Percentage Of Total Net Operating Income
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1.0000
CY2020 bxp Percentageof Companys Shareof Net Operating Income
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1.0000
CY2019 bxp Rental Revenue Class Office
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2824634000 USD
CY2019 bxp Rental Revenue Residential
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36914000 USD
CY2019 bxp Rental Revenue Total
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2910137000 USD
CY2019 bxp Percentage Of Total Revenue
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1.0000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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154582000 shares
CY2019 us-gaap Earnings Per Share Basic
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3.31
CY2019 bxp Rental Expenses Class Office
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1034025000 USD
CY2019 bxp Rental Expenses Residential
RentalExpensesResidential
15985000 USD
CY2019 bxp Rental Expenses Operating Expenses Total
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1084014000 USD
CY2019 bxp Percentage Of Total Rental Expenses
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1.0000
CY2019 us-gaap Gross Profit
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1826123000 USD
CY2019 bxp Percentage Of Total Net Operating Income
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1.0000
CY2019 bxp Percentageof Companys Shareof Net Operating Income
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1.0000
CY2018 bxp Rental Revenue Class Office
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2590659000 USD
CY2018 bxp Rental Revenue Residential
RentalRevenueResidential
22551000 USD
CY2018 bxp Rental Revenue Total
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2662328000 USD
CY2018 bxp Percentage Of Total Revenue
PercentageOfTotalRevenue
1.0000
CY2018 bxp Rental Expenses Class Office
RentalExpensesClassOffice
966547000 USD
CY2018 bxp Rental Expenses Residential
RentalExpensesResidential
12604000 USD
CY2018 bxp Rental Expenses Operating Expenses Total
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1013014000 USD
CY2018 bxp Percentage Of Total Rental Expenses
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1.0000
CY2018 us-gaap Gross Profit
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1649314000 USD
CY2020 bxp Rental Revenue Residential
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38146000 USD
CY2019 us-gaap Dilutive Securities
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0 USD
CY2018 bxp Percentage Of Total Net Operating Income
PercentageOfTotalNetOperatingIncome
1.0000
CY2018 bxp Percentageof Companys Shareof Net Operating Income
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1.0000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
862227000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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155432000 shares
CY2020 us-gaap Earnings Per Share Basic
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5.55
CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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748000 USD
CY2020 bxp Allocationofundistributedearningstoparticipatingsecuritiesinshares
Allocationofundistributedearningstoparticipatingsecuritiesinshares
0 shares
CY2020 bxp Allocationofundistributedearningstoparticipatingsecuritiespershares
Allocationofundistributedearningstoparticipatingsecuritiespershares
-0.01
CY2020 bxp Net Income Loss Available To Common Stockholders After Allocationof Undistributed Earningsto Participating Securities Basic
NetIncomeLossAvailableToCommonStockholdersAfterAllocationofUndistributedEarningstoParticipatingSecuritiesBasic
861479000 USD
CY2020 bxp Weighted Average Number Of Shares Outstanding After Allocationof Undistributed Earningsto Participating Securities Basicinshares
WeightedAverageNumberOfSharesOutstandingAfterAllocationofUndistributedEarningstoParticipatingSecuritiesBasicinshares
155432000 shares
CY2020 bxp Earnings Per Share After Allccationof Undistributed Earningsto Particiapting Securities Basicdollarspershare
EarningsPerShareAfterAllccationofUndistributedEarningstoParticiaptingSecuritiesBasicdollarspershare
5.54
CY2020 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
85000 shares
CY2020 bxp Weighted Average Number Diluted Shares Outstanding Adjustmentpershare
WeightedAverageNumberDilutedSharesOutstandingAdjustmentpershare
0
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
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861479000 USD
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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155517000 shares
CY2020 us-gaap Earnings Per Share Diluted
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5.54
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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511034000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
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572246000 USD
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
301000 shares
CY2019 bxp Weighted Average Number Diluted Shares Outstanding Adjustmentpershare
WeightedAverageNumberDilutedSharesOutstandingAdjustmentpershare
-0.01
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
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511034000 USD
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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154883000 shares
CY2019 us-gaap Earnings Per Share Diluted
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3.30
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
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572347000 USD
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
154427000 shares
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.71
CY2018 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
101000 USD
CY2018 bxp Allocationofundistributedearningstoparticipatingsecuritiesinshares
Allocationofundistributedearningstoparticipatingsecuritiesinshares
0 shares
CY2018 bxp Allocationofundistributedearningstoparticipatingsecuritiespershares
Allocationofundistributedearningstoparticipatingsecuritiespershares
0
CY2018 bxp Net Income Loss Available To Common Stockholders After Allocationof Undistributed Earningsto Participating Securities Basic
NetIncomeLossAvailableToCommonStockholdersAfterAllocationofUndistributedEarningstoParticipatingSecuritiesBasic
572246000 USD
CY2018 bxp Weighted Average Number Of Shares Outstanding After Allocationof Undistributed Earningsto Participating Securities Basicinshares
WeightedAverageNumberOfSharesOutstandingAfterAllocationofUndistributedEarningstoParticipatingSecuritiesBasicinshares
154427000 shares
CY2018 bxp Earnings Per Share After Allccationof Undistributed Earningsto Particiapting Securities Basicdollarspershare
EarningsPerShareAfterAllccationofUndistributedEarningstoParticiaptingSecuritiesBasicdollarspershare
3.71
CY2018 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
255000 shares
CY2018 bxp Weighted Average Number Diluted Shares Outstanding Adjustmentpershare
WeightedAverageNumberDilutedSharesOutstandingAdjustmentpershare
-0.01
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
154682000 shares
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.70
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
2
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.03
CY2020 bxp Defined Contribution Plan Employer Matching Contribution Eligible Earnings Limit By Irs Amount
DefinedContributionPlanEmployerMatchingContributionEligibleEarningsLimitByIRSAmount
285000 USD
CY2019 bxp Defined Contribution Plan Employer Matching Contribution Eligible Earnings Limit By Irs Amount
DefinedContributionPlanEmployerMatchingContributionEligibleEarningsLimitByIRSAmount
280000 USD
CY2018 bxp Defined Contribution Plan Employer Matching Contribution Eligible Earnings Limit By Irs Amount
DefinedContributionPlanEmployerMatchingContributionEligibleEarningsLimitByIRSAmount
275000 USD
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
4000000.0 USD
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DefinedContributionPlanEmployerDiscretionaryContributionAmount
4200000 USD
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DefinedContributionPlanEmployerDiscretionaryContributionAmount
4100000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
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38600000 USD
CY2019Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
36000000.0 USD
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P4Y
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AllocatedShareBasedCompensationExpense
43000000.0 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
39800000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38000000.0 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
540441 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
96.35
CY2018 bxp Stock Issued During Period Shares Stock Options Exercise
StockIssuedDuringPeriodSharesStockOptionsExercise
0 shares
CY2018 bxp Exercised Weighted Averge Exercise Price
ExercisedWeightedAvergeExercisePrice
0
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
540441 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
96.35
CY2019 bxp Stock Issued During Period Shares Stock Options Exercise
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CY2019 bxp Exercised Weighted Averge Exercise Price
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96.27
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395353 shares
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96.37
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CY2020 bxp Exercised Weighted Averge Exercise Price
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91.60
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96.97
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400000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
395353 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
540441 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
96.37
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
96.35
CY2020 bxp Number Of Non Employee Directors Electing To Receive Deferred Stock Units
NumberOfNonEmployeeDirectorsElectingToReceiveDeferredStockUnits
7 Vehicles
CY2019Q3 us-gaap Stock Redeemed Or Called During Period Shares
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4917 shares
CY2020Q4 bxp Deferred Stock Units Outstanding
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72966 Vehicles
CY2019Q4 bxp Deferred Stock Units Outstanding
DeferredStockUnitsOutstanding
60676 Vehicles
CY2020Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
2909081000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
5160116000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
13196160000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
4947027000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
5429703000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
16553873000 USD
CY2020Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
450954000 USD
CY2020Q4 us-gaap Construction In Progress Gross
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868773000 USD
CY2020Q4 bxp Real Estate Gross At Carrying Value Excluding Furniture Fixtures And Equipment
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23303303000 USD
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5501637000 USD
CY2020Q4 us-gaap Furniture And Fixtures Gross
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49606000 USD
CY2020Q4 srt Real Estate Federal Income Tax Basis
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20700000000 USD
CY2020Q4 bxp Real Estate Aggregate Accumulated Depreciation For Tax Purposes
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4500000000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
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CY2019Q4 bxp Real Estate Gross At Carrying Value Excluding Furniture Fixtures And Equipment
RealEstateGrossAtCarryingValueExcludingFurnitureFixturesAndEquipment
22844697000 USD
CY2018Q4 bxp Real Estate Gross At Carrying Value Excluding Furniture Fixtures And Equipment
RealEstateGrossAtCarryingValueExcludingFurnitureFixturesAndEquipment
21605545000 USD
CY2017Q4 bxp Real Estate Gross At Carrying Value Excluding Furniture Fixtures And Equipment
RealEstateGrossAtCarryingValueExcludingFurnitureFixturesAndEquipment
21058714000 USD
CY2020 bxp Real Estate Improvements Excluding Furniture Fixtures And Equipment
RealEstateImprovementsExcludingFurnitureFixturesAndEquipment
996989000 USD
CY2019 bxp Real Estate Improvements Excluding Furniture Fixtures And Equipment
RealEstateImprovementsExcludingFurnitureFixturesAndEquipment
1671898000 USD
CY2018 bxp Real Estate Improvements Excluding Furniture Fixtures And Equipment
RealEstateImprovementsExcludingFurnitureFixturesAndEquipment
1043379000 USD
CY2020 bxp Real Estate Cost Of Real Estate Sold Excluding Furniture Fixtures And Equipment
RealEstateCostOfRealEstateSoldExcludingFurnitureFixturesAndEquipment
-538383000 USD
CY2019 bxp Real Estate Cost Of Real Estate Sold Excluding Furniture Fixtures And Equipment
RealEstateCostOfRealEstateSoldExcludingFurnitureFixturesAndEquipment
-432746000 USD
CY2018 bxp Real Estate Cost Of Real Estate Sold Excluding Furniture Fixtures And Equipment
RealEstateCostOfRealEstateSoldExcludingFurnitureFixturesAndEquipment
-496548000 USD
CY2020Q4 bxp Real Estate Gross At Carrying Value Excluding Furniture Fixtures And Equipment
RealEstateGrossAtCarryingValueExcludingFurnitureFixturesAndEquipment
23303303000 USD
CY2019Q4 bxp Real Estate Gross At Carrying Value Excluding Furniture Fixtures And Equipment
RealEstateGrossAtCarryingValueExcludingFurnitureFixturesAndEquipment
22844697000 USD
CY2018Q4 bxp Real Estate Gross At Carrying Value Excluding Furniture Fixtures And Equipment
RealEstateGrossAtCarryingValueExcludingFurnitureFixturesAndEquipment
21605545000 USD
CY2019Q4 bxp Real Estate Accumulated Depreciation Excluding Furniture Fixtures And Equipment
RealEstateAccumulatedDepreciationExcludingFurnitureFixturesAndEquipment
5239179000 USD
CY2018Q4 bxp Real Estate Accumulated Depreciation Excluding Furniture Fixtures And Equipment
RealEstateAccumulatedDepreciationExcludingFurnitureFixturesAndEquipment
4871102000 USD
CY2017Q4 bxp Real Estate Accumulated Depreciation Excluding Furniture Fixtures And Equipment
RealEstateAccumulatedDepreciationExcludingFurnitureFixturesAndEquipment
4566570000 USD
CY2020 bxp Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense Excluding Furniture Fixtures And Equipment
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpenseExcludingFurnitureFixturesAndEquipment
573898000 USD
CY2019 bxp Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense Excluding Furniture Fixtures And Equipment
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpenseExcludingFurnitureFixturesAndEquipment
564938000 USD
CY2018 bxp Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense Excluding Furniture Fixtures And Equipment
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpenseExcludingFurnitureFixturesAndEquipment
533342000 USD
CY2020 bxp Real Estate Accumulated Depreciation Real Estate Sold Excluding Furniture Fixtures And Equipment
RealEstateAccumulatedDepreciationRealEstateSoldExcludingFurnitureFixturesAndEquipment
-311440000 USD
CY2019 bxp Real Estate Accumulated Depreciation Real Estate Sold Excluding Furniture Fixtures And Equipment
RealEstateAccumulatedDepreciationRealEstateSoldExcludingFurnitureFixturesAndEquipment
-196861000 USD
CY2018 bxp Real Estate Accumulated Depreciation Real Estate Sold Excluding Furniture Fixtures And Equipment
RealEstateAccumulatedDepreciationRealEstateSoldExcludingFurnitureFixturesAndEquipment
-228810000 USD
CY2020Q4 bxp Real Estate Accumulated Depreciation Excluding Furniture Fixtures And Equipment
RealEstateAccumulatedDepreciationExcludingFurnitureFixturesAndEquipment
5501637000 USD
CY2019Q4 bxp Real Estate Accumulated Depreciation Excluding Furniture Fixtures And Equipment
RealEstateAccumulatedDepreciationExcludingFurnitureFixturesAndEquipment
5239179000 USD
CY2018Q4 bxp Real Estate Accumulated Depreciation Excluding Furniture Fixtures And Equipment
RealEstateAccumulatedDepreciationExcludingFurnitureFixturesAndEquipment
4871102000 USD

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