2024 Q2 Form 10-Q Financial Statement

#000165642324000028 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $850.5M $839.4M $803.2M
YoY Change 4.08% 4.51% 6.48%
Cost Of Revenue $335.4M $324.5M $303.2M
YoY Change 10.4% 7.01% 8.62%
Gross Profit $515.1M $515.0M $491.0M
YoY Change 0.34% 4.88% 4.62%
Gross Profit Margin 60.56% 61.35% 61.13%
Selling, General & Admin $44.11M $50.02M $55.80M
YoY Change -0.15% -10.37% 29.19%
% of Gross Profit 8.56% 9.71% 11.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $219.5M $218.7M $208.7M
YoY Change 8.37% 4.78% 17.51%
% of Gross Profit 42.62% 42.47% 42.51%
Operating Expenses $263.7M $268.7M $264.5M
YoY Change 6.85% 1.59% 19.8%
Operating Profit $251.4M $246.2M $226.5M
YoY Change -5.69% 8.73% -8.86%
Interest Expense -$144.3M -$125.5M $134.2M
YoY Change 10.9% -193.52% 32.58%
% of Operating Profit -57.39% -50.97% 59.26%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $106.9M $106.6M $105.6M
YoY Change -21.47% 0.92% -40.31%
Income Tax
% Of Pretax Income
Net Earnings $79.62M $79.88M $77.89M
YoY Change -23.67% 2.56% -45.55%
Net Earnings / Revenue 9.36% 9.52% 9.7%
Basic Earnings Per Share $0.51 $0.51 $0.50
Diluted Earnings Per Share $0.51 $0.51 $0.50
COMMON SHARES
Basic Shares Outstanding 157.1M shares 157.0M shares 156.8M shares
Diluted Shares Outstanding 157.3M shares 157.1M shares 157.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $685.4M $701.7M $951.1M
YoY Change -56.66% -26.22% 101.36%
Cash & Equivalents $685.4M $701.7M $919.0M
Short-Term Investments $36.84M $37.18M $32.10M
Other Short-Term Assets $86.19M $146.3M $141.9M
YoY Change 11.27% 3.07% 10.48%
Inventory
Prepaid Expenses
Receivables $99.48M $110.3M $98.63M
Other Receivables $1.415B $1.390B $1.298B
Total Short-Term Assets $2.286B $2.349B $2.457B
YoY Change -25.85% -4.43% 31.81%
LONG-TERM ASSETS
Property, Plant & Equipment $20.79B $20.77B $19.54B
YoY Change 6.09% 6.29% 6.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.456B $1.437B $1.785B
YoY Change -19.77% -19.48% 14.8%
Other Assets $852.2M $883.4M $765.5M
YoY Change 12.47% 15.4% 16.82%
Total Long-Term Assets $23.19B $23.18B $22.17B
YoY Change 4.18% 4.55% 7.55%
TOTAL ASSETS
Total Short-Term Assets $2.286B $2.349B $2.457B
Total Long-Term Assets $23.19B $23.18B $22.17B
Total Assets $25.47B $25.53B $24.63B
YoY Change 0.52% 3.66% 9.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $372.5M $374.7M $397.8M
YoY Change -14.29% -5.81% 30.61%
Accrued Expenses $497.9M $497.2M $318.8M
YoY Change 57.62% 55.96% 7.88%
Deferred Revenue
YoY Change
Short-Term Debt $500.0M $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.543B $1.044B $888.1M
YoY Change 67.32% 17.57% 15.19%
LONG-TERM LIABILITIES
Long-Term Debt $15.24B $15.78B $14.96B
YoY Change -2.96% 5.47% 12.86%
Other Long-Term Liabilities $406.4M $426.1M $470.9M
YoY Change -4.39% -9.5% 15.6%
Total Long-Term Liabilities $15.65B $16.20B $15.43B
YoY Change -3.0% 5.01% 12.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.543B $1.044B $888.1M
Total Long-Term Liabilities $15.65B $16.20B $15.43B
Total Liabilities $19.67B $19.67B $16.31B
YoY Change 1.92% 20.57% 13.11%
SHAREHOLDERS EQUITY
Retained Earnings -$964.5M -$890.2M -$467.2M
YoY Change 86.72% 90.55% -26.6%
Common Stock $1.571M $1.570M $1.568M
YoY Change 0.13% 0.13% 0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.722M $2.722M $2.722M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 78.90K shares
Shareholders Equity $5.803B $5.858B $6.063B
YoY Change
Total Liabilities & Shareholders Equity $25.47B $25.53B $24.63B
YoY Change 0.52% 3.66% 9.56%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $79.62M $79.88M $77.89M
YoY Change -23.67% 2.56% -45.55%
Depreciation, Depletion And Amortization $219.5M $218.7M $208.7M
YoY Change 8.37% 4.78% 17.51%
Cash From Operating Activities $367.1M $197.6M $234.0M
YoY Change -3.19% -15.56% 6.62%
INVESTING ACTIVITIES
Capital Expenditures $231.1M $267.1M $226.0M
YoY Change 3.44% 18.21% -221.57%
Acquisitions -$6.086M $0.00
YoY Change
Other Investing Activities -$35.74M -$19.52M -$59.64M
YoY Change -21.99% -67.27% -272.67%
Cash From Investing Activities -$266.9M -$286.6M -$285.6M
YoY Change -0.89% 0.36% 88.72%
FINANCING ACTIVITIES
Cash Dividend Paid $171.8M $171.3M
YoY Change 0.31% 0.46%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -129.3M -$756.9M $279.1M
YoY Change -123.33% -371.24% -420.86%
NET CHANGE
Cash From Operating Activities 367.1M $197.6M $234.0M
Cash From Investing Activities -266.9M -$286.6M -$285.6M
Cash From Financing Activities -129.3M -$756.9M $279.1M
Net Change In Cash -29.13M -$845.9M $227.5M
YoY Change -104.39% -471.89% -1308.98%
FREE CASH FLOW
Cash From Operating Activities $367.1M $197.6M $234.0M
Capital Expenditures $231.1M $267.1M $226.0M
Free Cash Flow $135.9M -$69.51M $8.053M
YoY Change -12.71% -963.09% -98.01%

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DepreciationDepletionAndAmortization
218716000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
208734000 usd
CY2024Q1 us-gaap Impairment Of Real Estate
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13615000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
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0 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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1441000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
652000 usd
CY2024Q1 us-gaap Share Based Compensation
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18873000 usd
CY2023Q1 us-gaap Share Based Compensation
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26262000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
19186000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-7569000 usd
CY2024Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
8643000 usd
CY2023Q1 us-gaap Equity Method Investment Dividends Or Distributions
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5996000 usd
CY2024Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
2272000 usd
CY2023Q1 us-gaap Gain Loss On Sale Of Investments
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1665000 usd
CY2024Q1 us-gaap Provision For Loan And Lease Losses
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4000 usd
CY2023Q1 us-gaap Provision For Loan And Lease Losses
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45000 usd
CY2024Q1 us-gaap Paid In Kind Interest
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12109000 usd
CY2023Q1 us-gaap Paid In Kind Interest
PaidInKindInterest
7387000 usd
CY2024Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
396000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
259000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
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-29454000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2024Q1 us-gaap Straight Line Rent
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35945000 usd
CY2023Q1 us-gaap Straight Line Rent
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18619000 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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74705000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
97762000 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Rent
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-750000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Rent
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CY2024Q1 us-gaap Operating Lease Payments
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1241000 usd
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CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2024Q1 us-gaap Increase Decrease In Interest Payable Net
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CY2023Q1 us-gaap Increase Decrease In Interest Payable Net
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10626000 usd
CY2024Q1 us-gaap Increase Decrease In Other Operating Liabilities
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CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
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16565000 usd
CY2024Q1 us-gaap Lease Cost
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29627000 usd
CY2023Q1 us-gaap Lease Cost
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CY2024Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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90991000 usd
CY2023Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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128382000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
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197595000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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234010000 usd
CY2024Q1 us-gaap Payments To Acquire Other Productive Assets
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181636000 usd
CY2023Q1 us-gaap Payments To Acquire Other Productive Assets
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119682000 usd
CY2024Q1 us-gaap Payments For Capital Improvements
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32087000 usd
CY2023Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
39100000 usd
CY2024Q1 us-gaap Payments For Tenant Improvements
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53377000 usd
CY2023Q1 us-gaap Payments For Tenant Improvements
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CY2024Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2024Q1 us-gaap Payments To Acquire Equity Method Investments
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26457000 usd
CY2023Q1 us-gaap Payments To Acquire Equity Method Investments
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60745000 usd
CY2024Q1 us-gaap Payments To Acquire Other Investments
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CY2023Q1 us-gaap Payments To Acquire Other Investments
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CY2024Q1 us-gaap Origination Of Notes Receivable From Related Parties
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573000 usd
CY2023Q1 us-gaap Origination Of Notes Receivable From Related Parties
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CY2024Q1 us-gaap Payments To Acquire Marketable Securities
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CY2023Q1 us-gaap Payments To Acquire Marketable Securities
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CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2024Q1 us-gaap Repayments Of Secured Debt
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804000 usd
CY2023Q1 us-gaap Repayments Of Secured Debt
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CY2024Q1 us-gaap Repayments Of Unsecured Debt
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CY2023Q1 us-gaap Repayments Of Unsecured Debt
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CY2024Q1 us-gaap Proceeds From Other Debt
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CY2023Q1 us-gaap Proceeds From Other Debt
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CY2024Q1 us-gaap Finance Lease Principal Payments
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CY2024Q1 us-gaap Repayments Of Other Debt
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CY2023Q1 us-gaap Repayments Of Other Debt
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CY2024Q1 us-gaap Payments Of Financing Costs
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CY2023Q1 us-gaap Payments Of Financing Costs
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CY2024Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2023Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2024Q1 us-gaap Payments Of Dividends
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171794000 usd
CY2023Q1 us-gaap Payments Of Dividends
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171270000 usd
CY2024Q1 us-gaap Payments To Minority Shareholders
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20025000 usd
CY2023Q1 us-gaap Payments To Minority Shareholders
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CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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279052000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
227470000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1612567000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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736812000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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766634000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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964282000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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1531477000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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690333000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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81090000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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46479000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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701695000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
918952000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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64939000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
45330000 usd
CY2024Q1 us-gaap Interest Paid
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180717000 usd
CY2023Q1 us-gaap Interest Paid
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125698000 usd
CY2024Q1 us-gaap Interest Costs Capitalized
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CY2023Q1 us-gaap Interest Costs Capitalized
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10589000 usd
CY2024Q1 bxp Writeoffoffullydepreciatedrealestate
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27993000 usd
CY2023Q1 bxp Writeoffoffullydepreciatedrealestate
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56391000 usd
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11692000 usd
CY2024Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
25637000 usd
CY2023Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 usd
CY2024Q1 us-gaap Contribution Of Property
ContributionOfProperty
52786000 usd
CY2023Q1 us-gaap Contribution Of Property
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0 usd
CY2024Q1 bxp Capitalized Operating Lease Costs
CapitalizedOperatingLeaseCosts
7548000 usd
CY2023Q1 bxp Capitalized Operating Lease Costs
CapitalizedOperatingLeaseCosts
0 usd
CY2024Q1 bxp Investment In Unconsolidated Joint Ventures Eliminated Upon Consolidation
InvestmentInUnconsolidatedJointVenturesEliminatedUponConsolidation
-11834000 usd
CY2023Q1 bxp Investment In Unconsolidated Joint Ventures Eliminated Upon Consolidation
InvestmentInUnconsolidatedJointVenturesEliminatedUponConsolidation
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CY2024Q1 us-gaap Loans Assumed1
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207093000 usd
CY2023Q1 us-gaap Loans Assumed1
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CY2024Q1 us-gaap Fair Value Of Assets Acquired
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-220015000 usd
CY2023Q1 us-gaap Fair Value Of Assets Acquired
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0 usd
CY2024Q1 us-gaap Dividends Payable Current And Noncurrent
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172154000 usd
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
171427000 usd
CY2024Q1 bxp Conversions Of Noncontrolling Interests To Stockholders Equity
ConversionsOfNoncontrollingInterestsToStockholdersEquity
1303000 usd
CY2023Q1 bxp Conversions Of Noncontrolling Interests To Stockholders Equity
ConversionsOfNoncontrollingInterestsToStockholdersEquity
195000 usd
CY2024Q1 bxp Issuance Of Restricted Securities To Employees And Directors
IssuanceOfRestrictedSecuritiesToEmployeesAndDirectors
41989000 usd
CY2023Q1 bxp Issuance Of Restricted Securities To Employees And Directors
IssuanceOfRestrictedSecuritiesToEmployeesAndDirectors
46516000 usd
CY2024Q1 bxp Restriction On Redemption Of Op Units From Date Of Issuance In Years
RestrictionOnRedemptionOfOpUnitsFromDateOfIssuanceInYears
1 y
CY2024Q1 bxp Op Unit Conversion Rate
OpUnitConversionRate
1 shares
CY2024Q1 bxp Common Stock Conversion Rate
CommonStockConversionRate
1 shares
CY2024Q1 bxp Op Unit Conversion Rate
OpUnitConversionRate
1 shares
CY2024Q1 us-gaap Use Of Estimates
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<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 a pandemic, 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>
CY2024Q1 us-gaap Land Available For Development
LandAvailableForDevelopment
661713000 usd
CY2023Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
697061000 usd
CY2024Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
16689571000 usd
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
16607756000 usd
CY2024Q1 bxp Numberof Vi Es
NumberofVIEs
9
CY2024Q1 bxp Separate Unrestricted Cash For Deferred Compensation Plan
SeparateUnrestrictedCashForDeferredCompensationPlan
37000000 usd
CY2023Q4 bxp Separate Unrestricted Cash For Deferred Compensation Plan
SeparateUnrestrictedCashForDeferredCompensationPlan
36100000 usd
CY2024Q1 us-gaap Land
Land
5317032000 usd
CY2023Q4 us-gaap Land
Land
5251224000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
401486000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
401680000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
344255000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
324298000 usd
CY2024Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
3654576000 usd
CY2023Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
3592172000 usd
CY2024Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
54691000 usd
CY2023Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
53716000 usd
CY2024Q1 us-gaap Construction In Progress Gross
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685465000 usd
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
547280000 usd
CY2024Q1 bxp Real Estate Investment Property At Cost Including Rightof Use Assets
RealEstateInvestmentPropertyAtCostIncludingRightofUseAssets
27808789000 usd
CY2023Q4 bxp Real Estate Investment Property At Cost Including Rightof Use Assets
RealEstateInvestmentPropertyAtCostIncludingRightofUseAssets
27475187000 usd
CY2024Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
7040501000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
6881728000 usd
CY2024Q1 us-gaap Real Estate Investment Property Net
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20768288000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
20593459000 usd
CY2024Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
648890000 usd
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
621646000 usd
CY2024Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
139458000 usd
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
135003000 usd
CY2024Q1 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
242000 usd
CY2023Q1 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
226000 usd
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
788590000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
756875000 usd
CY2024Q1 bxp Amount Of Earthquake Insurance Provided By Ixpllc As Direct Insurer San Franciscoand Los Angeles
AmountOfEarthquakeInsuranceProvidedByIXPLLCAsDirectInsurerSanFranciscoandLosAngeles
30000000 usd
CY2024Q1 bxp Earthquake Deductible Insurance Percentage Of Value Of The Affected Property San Franciscoand Los Angeles
EarthquakeDeductibleInsurancePercentageOfValueOfTheAffectedPropertySanFranciscoandLosAngeles
0.05
CY2024Q1 bxp Per Occurrence Limit Of Earthquake Insurance Seattle
PerOccurrenceLimitOfEarthquakeInsuranceSeattle
110000000 usd
CY2024Q1 bxp Annual Aggregate Limit Of Earthquake Insurance Seattle
AnnualAggregateLimitOfEarthquakeInsuranceSeattle
110000000 usd
CY2024Q1 bxp Earthquake Deductible Insurance Percentage Of Value Of The Affected Property Seattle
EarthquakeDeductibleInsurancePercentageOfValueOfTheAffectedPropertySeattle
0.02
CY2023Q1 bxp Rental Revenue Total
RentalRevenueTotal
788985000 usd
CY2023Q1 bxp Percentage Of Total Revenue
PercentageOfTotalRevenue
1.0000
CY2024Q1 bxp Investments In Affiliates Subsidiaries Associates And Joint Venturesnet
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesnet
1370447000 usd
CY2023Q4 bxp Investments In Affiliates Subsidiaries Associates And Joint Venturesnet
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesnet
1337416000 usd
CY2024Q1 bxp Schedule Of Statements Of Operations Of Unconsolidated Joint Ventures Text Bock
ScheduleOfStatementsOfOperationsOfUnconsolidatedJointVenturesTextBock
<div style="margin-top:20pt;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-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.373%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.408%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.375%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="9" 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%">Three months ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="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%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;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%">2023</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="9" 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 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%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">130,392 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">151,423 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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="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%">49,194 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">57,206 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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="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%">2 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">74 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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</span></td><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%">39,424 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">49,978 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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="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%">88,620 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">107,258 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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%">Other income (expense)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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="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%">(43,563)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">(57,250)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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%">Unrealized gain (loss) on derivative instruments</span></td><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%">10,112 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">(10,610)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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 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%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,321 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">(23,695)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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 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%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,960 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">(6,902)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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%">Gain on sale / consolidation</span></td><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%">21,696 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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 (2)</span></td><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%">(5,470)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">(667)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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%">Income (loss) from unconsolidated joint ventures</span></td><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%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,186 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">(7,569)</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><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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 $7.7 million and $6.3 million for the three months ended March 31, 2024 and 2023, respectively. </span></div><div style="padding-left:27pt;text-indent:-18pt"><span style="background-color:#ffffff;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">Includes depreciation and amortization of approximately $2.9 million and $3.7 million for the three months ended March 31, 2024 and 2023, respectively. Includes unrealized gain (loss) on derivative instruments of approximately $2.7 million and $(2.8) million for the three months ended March 31, 2024 and 2023, respectively. Includes straight-line rent adjustments of approximately $0.3 million for the three months ended March 31, 2024 and 2023. Also includes net above-/below-market rent adjustments of approximately $0.2 million for the three months ended March 31, 2024 and 2023.</span></div>
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CY2024Q1 bxp Insurance Policy Limit
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CY2024Q1 bxp Program Trigger Value
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CY2024Q1 bxp Program Trigger Coinsurance
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CY2024Q1 bxp Per Occurrence Limit Of Earth Quake Insurance San Franciscoand Los Angeles
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CY2024Q1 bxp Annual Aggregate Limit Of Earth Quake Insurance San Franciscoand Los Angeles
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CY2024Q1 us-gaap Minority Interest In Limited Partnerships
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CY2023Q4 us-gaap Minority Interest In Limited Partnerships
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CY2024Q1 us-gaap General Partners Capital Account Units Outstanding
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CY2024Q1 us-gaap Limited Partners Capital Account Units Outstanding
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CY2024Q1 bxp Rental Expenses Class Office
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