2018 Q1 Form 10-Q Financial Statement
#000156459018010341 Filed on May 02, 2018
Income Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| Revenue | $184.3M | $181.2M |
| YoY Change | 1.67% | 4.81% |
| Cost Of Revenue | $69.00M | $66.00M |
| YoY Change | 4.55% | 4.93% |
| Gross Profit | $115.3M | $115.3M |
| YoY Change | 0.0% | 4.82% |
| Gross Profit Margin | 62.57% | 63.62% |
| Selling, General & Admin | $12.60M | $13.60M |
| YoY Change | -7.35% | -2.86% |
| % of Gross Profit | 10.93% | 11.8% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $65.20M | $63.00M |
| YoY Change | 3.49% | -15.78% |
| % of Gross Profit | 56.55% | 54.64% |
| Operating Expenses | $146.9M | $142.8M |
| YoY Change | 2.85% | -6.44% |
| Operating Profit | $37.39M | $38.42M |
| YoY Change | -2.68% | 89.57% |
| Interest Expense | $33.32M | $34.29M |
| YoY Change | -2.82% | -4.39% |
| % of Operating Profit | 89.13% | 89.25% |
| Other Income/Expense, Net | $248.0K | $1.700M |
| YoY Change | -85.41% | |
| Pretax Income | $3.192M | $5.911M |
| YoY Change | -46.0% | -182.97% |
| Income Tax | $477.0K | $4.282M |
| % Of Pretax Income | 14.94% | 72.44% |
| Net Earnings | $1.114M | $372.0K |
| YoY Change | 199.46% | -105.73% |
| Net Earnings / Revenue | 0.6% | 0.21% |
| Basic Earnings Per Share | $0.00 | $0.00 |
| Diluted Earnings Per Share | $0.00 | $0.00 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 240.3M | 230.9M |
| Diluted Shares Outstanding | 240.3M | 231.0M |
Balance Sheet
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $212.5M | $125.7M |
| YoY Change | 69.05% | -29.66% |
| Cash & Equivalents | $245.6M | $125.7M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $17.00M | $12.60M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $229.5M | $138.3M |
| YoY Change | 65.94% | -27.52% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $7.825B | $7.498B |
| YoY Change | 4.36% | 1.46% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $135.5M | $140.8M |
| YoY Change | -3.76% | 28.35% |
| Other Assets | $374.2M | $679.3M |
| YoY Change | -44.91% | 212.75% |
| Total Long-Term Assets | $8.744B | $8.747B |
| YoY Change | -0.03% | 6.5% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $229.5M | $138.3M |
| Total Long-Term Assets | $8.744B | $8.747B |
| Total Assets | $8.974B | $8.886B |
| YoY Change | 0.99% | 5.73% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $128.6M | $88.30M |
| YoY Change | 45.64% | -42.92% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $155.2M | $113.5M |
| YoY Change | 36.74% | -36.87% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.588B | $3.705B |
| YoY Change | -3.17% | 23.87% |
| Other Long-Term Liabilities | $177.0M | $220.3M |
| YoY Change | -19.66% | -33.24% |
| Total Long-Term Liabilities | $3.765B | $3.925B |
| YoY Change | -4.1% | 18.2% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $155.2M | $113.5M |
| Total Long-Term Liabilities | $3.765B | $3.925B |
| Total Liabilities | $4.811B | $4.892B |
| YoY Change | -1.64% | 4.56% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $4.162B | $3.994B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $8.974B | $8.886B |
| YoY Change | 0.99% | 5.73% |
Cashflow Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $1.114M | $372.0K |
| YoY Change | 199.46% | -105.73% |
| Depreciation, Depletion And Amortization | $65.20M | $63.00M |
| YoY Change | 3.49% | -15.78% |
| Cash From Operating Activities | $35.57M | $17.70M |
| YoY Change | 100.95% | -78.41% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$25.40M | -$15.10M |
| YoY Change | 68.21% | -54.52% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$27.90M | -$48.50M |
| YoY Change | -42.47% | 7983.33% |
| Cash From Investing Activities | -$53.35M | -$63.50M |
| YoY Change | -15.99% | 87.87% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $22.84M | $21.85M |
| YoY Change | 4.53% | 8.44% |
| Common Stock Issuance & Retirement, Net | $213.0K | $154.0K |
| YoY Change | 38.31% | |
| Debt Paid & Issued, Net | $873.6M | |
| YoY Change | 246691.53% | |
| Cash From Financing Activities | 12.93M | 8.600M |
| YoY Change | 50.35% | -259.26% |
| NET CHANGE | ||
| Cash From Operating Activities | 35.57M | 17.70M |
| Cash From Investing Activities | -53.35M | -63.50M |
| Cash From Financing Activities | 12.93M | 8.600M |
| Net Change In Cash | -4.846M | -37.20M |
| YoY Change | -86.97% | -186.92% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $35.57M | $17.70M |
| Capital Expenditures | -$25.40M | -$15.10M |
| Free Cash Flow | $60.97M | $32.80M |
| YoY Change | 85.88% | -71.53% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q1 | us-gaap |
Dividends
Dividends
|
25207000 | |
| CY2018Q1 | us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
25413000 | |
| CY2018Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
29920000 | |
| CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
250425000 | |
| CY2018Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
12631000 | |
| CY2018Q1 | pgre |
Transaction Related Costs
TransactionRelatedCosts
|
120000 | |
| CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
37386000 | |
| CY2018Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
184271000 | |
| CY2018Q1 | pgre |
Interest And Other Income Loss Net
InterestAndOtherIncomeLossNet
|
2016000 | |
| CY2017Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
13581000 | |
| CY2017Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
181236000 | |
| CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
38417000 | |
| CY2017Q1 | pgre |
Transaction Related Costs
TransactionRelatedCosts
|
275000 | |
| CY2018Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
146885000 | |
| CY2017Q4 | pgre |
Notes And Loans Payable Net
NotesAndLoansPayableNet
|
3541300000 | |
| CY2018Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
68978000 | |
| CY2018Q1 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
14246000 | |
| CY2017Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
65971000 | |
| CY2018Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
65156000 | |
| CY2017Q1 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
12852000 | |
| CY2017Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
62992000 | |
| CY2018Q1 | pgre |
Fee And Other Real Estate Revenue
FeeAndOtherRealEstateRevenue
|
6620000 | |
| CY2017Q1 | pgre |
Fee And Other Real Estate Revenue
FeeAndOtherRealEstateRevenue
|
12994000 | |
| CY2017Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
142819000 | |
| CY2018Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-62000 | |
| CY2017Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1937000 | |
| CY2018Q1 | pgre |
Income Loss From Unconsolidated Real Estate Fund
IncomeLossFromUnconsolidatedRealEstateFund
|
-66000 | |
| CY2017Q1 | pgre |
Income Loss From Unconsolidated Real Estate Fund
IncomeLossFromUnconsolidatedRealEstateFund
|
288000 | |
| CY2017Q1 | pgre |
Interest And Other Income Loss Net
InterestAndOtherIncomeLossNet
|
3200000 | |
| CY2018Q1 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
36082000 | |
| CY2018Q1 | pgre |
Net Operating Income
NetOperatingIncome
|
116568000 | |
| CY2017Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
7472000 | |
| CY2017Q1 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
37018000 | |
| CY2017Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2715000 | |
| CY2017Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
1802000 | |
| CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3192000 | |
| CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
5911000 | |
| CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
477000 | |
| CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4282000 | |
| CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
2715000 | |
| CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
1629000 | |
| CY2018Q1 | us-gaap |
Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
|
1055000 | |
| CY2017Q1 | us-gaap |
Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
|
1291000 | |
| CY2018Q1 | pgre |
Noncontrolling Interest In Net Income Loss Real Estate Funds
NoncontrollingInterestInNetIncomeLossRealEstateFunds
|
430000 | |
| CY2018Q1 | us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
|
116000 | |
| CY2017Q1 | us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
|
54000 | |
| CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1114000 | |
| CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
372000 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
240311744 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
230924271 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
| CY2017Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
240338698 | |
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Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
230958441 | |
| CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.10 | |
| CY2017Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.095 | |
| CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
14551000 | |
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Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
4032000 | |
| CY2018Q1 | pgre |
Pro Rata Share Of Other Comprehensive Income Loss Of Unconsolidated Joint Ventures
ProRataShareOfOtherComprehensiveIncomeLossOfUnconsolidatedJointVentures
|
54000 | |
| CY2017Q1 | pgre |
Pro Rata Share Of Other Comprehensive Income Loss Of Unconsolidated Joint Ventures
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|
-222000 | |
| CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
17320000 | |
| CY2017Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
5439000 | |
| CY2018Q1 | pgre |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest In Joint Ventures
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestInJointVentures
|
1055000 | |
| CY2017Q1 | pgre |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest In Joint Ventures
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestInJointVentures
|
1291000 | |
| CY2018Q1 | pgre |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest In Consolidated Real Estate Fund
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestInConsolidatedRealEstateFund
|
-430000 | |
| CY2018Q1 | pgre |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest In Operating Partnership
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestInOperatingPartnership
|
1492000 | |
| CY2017Q1 | pgre |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest In Operating Partnership
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestInOperatingPartnership
|
540000 | |
| CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
14343000 | |
| CY2017Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
3696000 | |
| CY2017Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-154000 | |
| CY2017Q1 | pgre |
Minority Interest Increase From Contributions By Noncontrolling Interest Holders
MinorityInterestIncreaseFromContributionsByNoncontrollingInterestHolders
|
7472000 | |
| CY2017Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
32012000 | |
| CY2017Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3873000 | |
| CY2017Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4845358000 | |
| CY2018Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-213000 | |
| CY2018Q1 | pgre |
Minority Interest Increase From Contributions By Noncontrolling Interest Holders
MinorityInterestIncreaseFromContributionsByNoncontrollingInterestHolders
|
29920000 | |
| CY2018Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
1915000 | |
| CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6584000 | |
| CY2018Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
2761000 | |
| CY2017Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
2730000 | |
| CY2018Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
13244000 | |
| CY2017Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
20147000 | |
| CY2018Q1 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-4420000 | |
| CY2017Q1 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-3008000 | |
| CY2018Q1 | us-gaap |
Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
|
-29000 | |
| CY2017Q1 | us-gaap |
Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
|
1607000 | |
| CY2018Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
600000 | |
| CY2017Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
24000 | |
| CY2018Q1 | pgre |
Unconsolidated Real Estate Funds Dividends Or Distributions
UnconsolidatedRealEstateFundsDividendsOrDistributions
|
68000 | |
| CY2017Q1 | pgre |
Unconsolidated Real Estate Funds Dividends Or Distributions
UnconsolidatedRealEstateFundsDividendsOrDistributions
|
62000 | |
| CY2018Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6265000 | |
| CY2017Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3429000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
400000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
22139000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
35569000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
40716000 | |
| CY2017Q1 | us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
15087000 | |
| CY2017Q1 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
27857000 | |
| CY2018Q1 | pgre |
Payments To Escrow Deposits And Loans Receivable For Residential Development Fund
PaymentsToEscrowDepositsAndLoansReceivableForResidentialDevelopmentFund
|
15680000 | |
| CY2018Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
3805000 | |
| CY2017Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
6230000 | |
| CY2018Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
7825000 | |
| CY2017Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
4615000 | |
| CY2017Q1 | pgre |
Proceeds From Unconsolidated Real Estate Funds Capital Distributions
ProceedsFromUnconsolidatedRealEstateFundsCapitalDistributions
|
3845000 | |
| CY2018Q1 | pgre |
Payments For Contributions To Unconsolidated Real Estate Funds
PaymentsForContributionsToUnconsolidatedRealEstateFunds
|
157000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-53345000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-40714000 | |
| CY2018Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
22841000 | |
| CY2017Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
21851000 | |
| CY2018Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
16700000 | |
| CY2017Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
991556000 | |
| CY2018Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
6351000 | |
| CY2017Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
7338000 | |
| CY2018Q1 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
2370000 | |
| CY2017Q1 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
3300000 | |
| CY2018Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
1915000 | |
| CY2017Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
32012000 | |
| CY2018Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
213000 | |
| CY2017Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
873642000 | |
| CY2017Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
65000000 | |
| CY2017Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
35000000 | |
| CY2017Q1 | us-gaap |
Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
|
19425000 | |
| CY2017Q1 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
2715000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
12930000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
8591000 | |
| CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-4846000 | |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
8593000 | |
| CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
192339000 | |
| CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
245579000 | |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
200932000 | |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
162965000 | |
| CY2016Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
29374000 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
125734000 | |
| CY2017Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
75198000 | |
| CY2018Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
33170000 | |
| CY2017Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
41375000 | |
| CY2018Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
299000 | |
| CY2017Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1090000 | |
| CY2018Q1 | pgre |
Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
|
26627000 | |
| CY2017Q1 | pgre |
Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
|
25207000 | |
| CY2018Q1 | pgre |
Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
|
13334000 | |
| CY2017Q1 | pgre |
Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
|
4712000 | |
| CY2018Q1 | us-gaap |
Transfer To Investments
TransferToInvestments
|
7086000 | |
| CY2018Q1 | pgre |
Assets Written Off
AssetsWrittenOff
|
350000 | |
| CY2017Q1 | pgre |
Assets Written Off
AssetsWrittenOff
|
2306000 | |
| CY2018Q1 | pgre |
Common Shares Issued Upon Redemption Of Common Units
CommonSharesIssuedUponRedemptionOfCommonUnits
|
123000 | |
| CY2017Q1 | pgre |
Common Shares Issued Upon Redemption Of Common Units
CommonSharesIssuedUponRedemptionOfCommonUnits
|
21816000 | |
| CY2018Q1 | pgre |
Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
|
-14551000 | |
| CY2017Q1 | pgre |
Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
|
-4032000 | |
| CY2018Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;">O</font>rganization and Business</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-size:9pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-size:9pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As used in these consolidated financial statements, unless otherwise indicated, all references to “we,” “us,” “our,” the “Company,” and “Paramount” refer to Paramount Group, Inc., a Maryland corporation, and its consolidated subsidiaries, including Paramount Group Operating Partnership LP (the “Operating Partnership”), a Delaware limited partnership. We are a fully-integrated real estate investment trust (“REIT”) focused on owning, operating, managing, acquiring and redeveloping high-quality, Class A office properties in select central business district submarkets of New York City, Washington, D.C. and San Francisco. As of March 31, 2018, our portfolio consisted of 14 Class A office properties aggregating approximately 12.5 million square feet. We conduct our business through, and substantially all of our interests in properties and investments are held by, the Operating Partnership. We are the sole general partner of, and owned approximately 90.5% of, the Operating Partnership as of March 31, 2018.</p></div> | |
| CY2018Q1 | pgre |
Equity Method Investment Summarized Financial Information Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossesNet
|
-132000 | |
| CY2018Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:9pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:3.33%;">We have made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. The results of operations for the three months ended March 31, 2018, are not necessarily indicative of the operating results for the full year.</p></div> | |
| CY2018Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Reclassification </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:3.33%;">Certain prior year balances have been reclassified to conform to current year presentation.</p></div> | |
| CY2017Q4 | pgre |
Preferred Equity Investment Gross
PreferredEquityInvestmentGross
|
55405000 | |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
550516000 | |
| CY2018Q1 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
14 | |
| CY2018Q1 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
12500000 | |
| CY2018Q1 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.905 | |
| CY2018Q1 | pgre |
Distributions Made In Excess Of Share Of Earnings Recognized Negative Basis
DistributionsMadeInExcessOfShareOfEarningsRecognizedNegativeBasis
|
19142 | |
| CY2018Q1 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
0 | |
| CY2017Q1 | pgre |
Equity Method Investment Summarized Financial Information Realized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationRealizedGainLossesNet
|
179000 | |
| CY2017Q1 | pgre |
Equity Method Investment Summarized Financial Information Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossesNet
|
96000 | |
| CY2018Q1 | pgre |
Preferred Equity Ownership Percentage
PreferredEquityOwnershipPercentage
|
0.244 | |
| CY2018Q1 | pgre |
Preferred Equity Investment Gross
PreferredEquityInvestmentGross
|
55458000 | |
| CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
553063000 | |
| CY2018Q1 | us-gaap |
Below Market Lease Gross
BelowMarketLeaseGross
|
202625000 | |
| CY2017Q4 | us-gaap |
Below Market Lease Gross
BelowMarketLeaseGross
|
205101000 | |
| CY2018Q1 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationRemainderOfFiscalYear
|
14257000 | |
| CY2018Q1 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Two
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearTwo
|
8679000 | |
| CY2018Q1 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Three
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearThree
|
4341000 | |
| CY2018Q1 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Four
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFour
|
942000 | |
| CY2018Q1 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Five
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFive
|
4421000 | |
| CY2018Q1 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.0364 | |
| CY2018Q1 | us-gaap |
Notes And Loans Payable
NotesAndLoansPayable
|
3599800000 | |
| CY2017Q4 | us-gaap |
Notes And Loans Payable
NotesAndLoansPayable
|
3583100000 | |
| CY2018Q1 | us-gaap |
Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
|
0 | |
| CY2018Q1 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
12751000 | |
| CY2017Q1 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
1306000 | |
| CY2018Q1 | us-gaap |
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
|
428000 | |
| CY2017Q1 | us-gaap |
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
|
2212000 | |
| CY2018Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
|
360375000 | |
| CY2017Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
|
390231000 | |
| CY2018Q1 | us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
one-for-one | |
| CY2018Q1 | us-gaap |
Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
|
24089000 | |
| CY2018Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
49073000 | |
| CY2017Q4 | us-gaap |
Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
|
9855000 | |
| CY2017Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
38894000 | |
| CY2017Q4 | us-gaap |
Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
|
317000 | |
| CY2017Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
317000 | |
| CY2018Q1 | us-gaap |
Property Management Fee Revenue
PropertyManagementFeeRevenue
|
1502000 | |
| CY2017Q1 | us-gaap |
Property Management Fee Revenue
PropertyManagementFeeRevenue
|
1610000 | |
| CY2018Q1 | us-gaap |
Asset Management Fees1
AssetManagementFees1
|
1610000 | |
| CY2017Q1 | us-gaap |
Asset Management Fees1
AssetManagementFees1
|
2293000 | |
| CY2017Q1 | pgre |
Acquisition And Disposition And Leasing
AcquisitionAndDispositionAndLeasing
|
5320000 | |
| CY2018Q1 | pgre |
Other Fees
OtherFees
|
353000 | |
| CY2017Q1 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
3372000 | |
| CY2017Q1 | pgre |
Other Fees
OtherFees
|
333000 | |
| CY2018Q1 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
3465000 | |
| CY2017Q1 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
9556000 | |
| CY2018Q1 | pgre |
Lease Termination Income
LeaseTerminationIncome
|
28000 | |
| CY2017Q1 | pgre |
Lease Termination Income
LeaseTerminationIncome
|
66000 | |
| CY2018Q1 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
3127000 | |
| CY2018Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
625000 | |
| CY2017Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
387000 | |
| CY2018Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
0 | |
| CY2017Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
0 | |
| CY2018Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
0 | |
| CY2017Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
0 | |
| CY2018Q1 | pgre |
Preferred Equity Investment Income
PreferredEquityInvestmentIncome
|
899000 | |
| CY2017Q1 | pgre |
Preferred Equity Investment Income
PreferredEquityInvestmentIncome
|
1413000 | |
| CY2018Q1 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
1026000 | |
| CY2017Q1 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
85000 | |
| CY2018Q1 | pgre |
Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
|
91000 | |
| CY2017Q1 | pgre |
Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
|
1702000 | |
| CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
33321000 | |
| CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
34288000 | |
| CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6265000 | |
| CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3429000 | |
| CY2018Q1 | pgre |
Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDiluted
|
18000 | |
| CY2017Q1 | pgre |
Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDiluted
|
14000 | |
| CY2018Q1 | pgre |
Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
|
1096000 | |
| CY2017Q1 | pgre |
Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
|
358000 | |
| CY2018Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
27000 | |
| CY2017Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
34000 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | |
| CY2018Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
27532000 | |
| CY2017Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
35998000 | |
| CY2018Q1 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
95000 | |
| CY2017Q1 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
34000 | |
| CY2018Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | |
| CY2018Q1 | pgre |
Property Related Revenues
PropertyRelatedRevenues
|
180806000 | |
| CY2018Q1 | pgre |
Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
|
4740000 | |
| CY2017Q1 | pgre |
Property Related Revenues
PropertyRelatedRevenues
|
171680000 | |
| CY2017Q1 | pgre |
Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
|
4823000 | |
| CY2017Q1 | pgre |
Net Operating Income
NetOperatingIncome
|
110532000 |
