2023 Q4 Form 10-Q Financial Statement

#000104097123000040 Filed on November 06, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $295.8M $173.2M
YoY Change 31.56% -18.47%
Cost Of Revenue $196.9M $88.00M
YoY Change 107.29% 0.56%
Gross Profit $98.97M $85.20M
YoY Change -23.81% -31.81%
Gross Profit Margin 33.45% 49.19%
Selling, General & Admin $42.27M $22.90M
YoY Change 73.88% 7.51%
% of Gross Profit 42.71% 26.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $51.45M $52.40M
YoY Change -31.27% 3.75%
% of Gross Profit 51.98% 61.5%
Operating Expenses $92.24M $22.90M
YoY Change -5.16% 7.51%
Operating Profit $6.727M $62.30M
YoY Change -79.39% -39.89%
Interest Expense -$84.51M $52.88M
YoY Change 26.15% 30.39%
% of Operating Profit -1256.3% 84.87%
Other Income/Expense, Net -$76.85M $400.0K
YoY Change 1117.28%
Pretax Income -$160.1M -$21.70M
YoY Change 149.9% -277.71%
Income Tax $2.500M
% Of Pretax Income
Net Earnings -$157.0M -$20.23M
YoY Change 141.69% -282.0%
Net Earnings / Revenue -53.08% -11.68%
Basic Earnings Per Share -$0.38
Diluted Earnings Per Share -$2.50 -$0.38
COMMON SHARES
Basic Shares Outstanding 64.42M shares 64.39M shares
Diluted Shares Outstanding 68.30M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $231.4M $199.4M
YoY Change 7.88% -8.46%
Cash & Equivalents $221.8M $189.8M
Short-Term Investments $9.591M $9.616M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $310.1M $310.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $531.9M $500.0M
YoY Change 1.7% -4.3%
LONG-TERM ASSETS
Property, Plant & Equipment $5.021B $4.994B
YoY Change -29.87% -33.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.983B $3.153B
YoY Change -6.48% -1.04%
Other Assets $225.2M $228.0M
YoY Change -25.43% -23.94%
Total Long-Term Assets $8.999B $9.191B
YoY Change -23.95% -24.63%
TOTAL ASSETS
Total Short-Term Assets $531.9M $500.0M
Total Long-Term Assets $8.999B $9.191B
Total Assets $9.531B $9.691B
YoY Change -22.86% -23.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $153.2M $146.0M
YoY Change -1.1% -16.67%
Accrued Expenses $845.6M $905.0M
YoY Change -7.01% -2.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.069B $1.123B
YoY Change -5.92% -4.91%
LONG-TERM LIABILITIES
Long-Term Debt $3.596B $3.456B
YoY Change -35.97% -39.56%
Other Long-Term Liabilities $605.5M $589.0M
YoY Change 19.08% -0.64%
Total Long-Term Liabilities $4.202B $4.045B
YoY Change -31.4% -35.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.069B $1.123B
Total Long-Term Liabilities $4.202B $4.045B
Total Liabilities $5.271B $5.169B
YoY Change -27.41% -31.01%
SHAREHOLDERS EQUITY
Retained Earnings -$151.6M $62.41M
YoY Change -123.27% -91.74%
Common Stock $660.0K $656.0K
YoY Change 0.61% 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.786B $4.040B
YoY Change
Total Liabilities & Shareholders Equity $9.531B $9.691B
YoY Change -22.86% -23.79%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$157.0M -$20.23M
YoY Change 141.69% -282.0%
Depreciation, Depletion And Amortization $51.45M $52.40M
YoY Change -31.27% 3.75%
Cash From Operating Activities $48.20M $77.30M
YoY Change 82.17% 15.04%
INVESTING ACTIVITIES
Capital Expenditures $65.66M $59.80M
YoY Change -37.92% -145.12%
Acquisitions
YoY Change
Other Investing Activities -$34.69M $370.4M
YoY Change -113.43% 36.92%
Cash From Investing Activities -$100.4M $310.6M
YoY Change -165.81% 125.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 78.42M -389.7M
YoY Change -143.57% 301.07%
NET CHANGE
Cash From Operating Activities 48.20M 77.30M
Cash From Investing Activities -100.4M 310.6M
Cash From Financing Activities 78.42M -389.7M
Net Change In Cash 26.27M -1.800M
YoY Change -2664.94% -101.67%
FREE CASH FLOW
Cash From Operating Activities $48.20M $77.30M
Capital Expenditures $65.66M $59.80M
Free Cash Flow -$17.46M $17.50M
YoY Change -77.99% -91.24%

Facts In Submission

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29708910 sqft
CY2023Q3 slg Mortgage Loanson Real Estate Commercialand Consumer Net Including Debt Investments Other
MortgageLoansonRealEstateCommercialandConsumerNetIncludingDebtInvestmentsOther
334300000 usd
CY2023Q3 slg Debt Investments Other
DebtInvestmentsOther
8300000 usd
slg Number Of Shares On Redemption Of One Unit Of Partnership Interest
NumberOfSharesOnRedemptionOfOneUnitOfPartnershipInterest
1 shares
CY2023Q3 slg Rental Revenue Increase Decrease Acquired Lease Amortization
RentalRevenueIncreaseDecreaseAcquiredLeaseAmortization
-100000 usd
slg Rental Revenue Increase Decrease Acquired Lease Amortization
RentalRevenueIncreaseDecreaseAcquiredLeaseAmortization
-14300000 usd
CY2022Q3 slg Rental Revenue Increase Decrease Acquired Lease Amortization
RentalRevenueIncreaseDecreaseAcquiredLeaseAmortization
-200000 usd
slg Rental Revenue Increase Decrease Acquired Lease Amortization
RentalRevenueIncreaseDecreaseAcquiredLeaseAmortization
-100000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
189680000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
403552000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
184491000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
190066000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5189000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
213486000 usd
CY2023Q3 slg Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
205394000 usd
CY2022Q4 slg Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
361338000 usd
CY2023Q3 slg Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
202000000 usd
CY2022Q4 slg Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
212191000 usd
CY2023Q3 slg Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
3394000 usd
CY2022Q4 slg Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
149147000 usd
CY2023Q3 us-gaap Marketable Securities
MarketableSecurities
9616000 usd
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
11240000 usd
CY2023Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 usd
CY2022Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
7800000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
7800000 usd
slg Debt Securities Available For Sale Number Of Securities Sold
DebtSecuritiesAvailableForSaleNumberOfSecuritiesSold
1 security
CY2022Q3 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
3700000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
3700000 usd
slg Debt Securities Available For Sale Number Of Securities Repaid
DebtSecuritiesAvailableForSaleNumberOfSecuritiesRepaid
1 security
CY2023Q3 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
0 usd
CY2022Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
0 usd
CY2022Q3 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-100000 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-6100000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2500000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5200000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2200000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',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 requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash investments, debt and preferred equity investments and accounts receivable. We place our cash investments with high quality financial institutions. The collateral securing our debt and preferred equity investments is located in New York City. See Note 5, "Debt and Preferred Equity Investments." </span></div>We perform initial and ongoing evaluations of the credit quality of our tenants and require most tenants to provide security deposits or letters of credit. Though these security deposits and letters of credit are insufficient to meet the total value of a tenant's lease obligation, they are a measure of good faith and a potential source of funds to offset the economic costs associated with lost revenue from that tenant and the costs associated with re-tenanting a space.
slg Number Of Real Estate Properties Acquired From Third Party
NumberOfRealEstatePropertiesAcquiredFromThirdParty
0 property
CY2023Q2 slg Equity Method Investment Ownership Percentage Deconsolidated
EquityMethodInvestmentOwnershipPercentageDeconsolidated
0.501
CY2023Q2 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
17000000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
334327000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
623280000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
0 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
0 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
0 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
334327000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
334327000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
623280000 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
1088723000 usd
us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
349947000 usd
CY2022 us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
565940000 usd
slg Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Loan Loss Reserve Period Increase Decrease
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateLoanLossReservePeriodIncreaseDecrease
-6890000 usd
CY2022 slg Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Loan Loss Reserve Period Increase Decrease
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateLoanLossReservePeriodIncreaseDecrease
0 usd
CY2023Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
334327000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
623280000 usd
srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.0915
CY2023Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
334327000 usd
CY2023Q3 slg Mortgage Loanson Real Estate Senior Financing
MortgageLoansonRealEstateSeniorFinancing
1319704000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
6630000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
6630000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
6890000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
0 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
13520000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
6630000 usd
CY2023Q3 slg Financing Receivable Nonaccrual No Allowance Number
FinancingReceivableNonaccrualNoAllowanceNumber
1 loan
CY2023Q3 slg Number Of Investments Nonperforming
NumberOfInvestmentsNonperforming
3 investment
CY2022Q4 slg Number Of Investments Nonperforming
NumberOfInvestmentsNonperforming
1 investment
us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
6900000 usd
CY2022 slg Financing Receivable Portfolio Segments Number
FinancingReceivablePortfolioSegmentsNumber
1 segment
slg Financing Receivable Portfolio Segments Number
FinancingReceivablePortfolioSegmentsNumber
1 segment
CY2023Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
5600000 usd
us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 usd
srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.0915
CY2023Q3 slg Variable Interest Entity Not Primary Beneficiary Investment
VariableInterestEntityNotPrimaryBeneficiaryInvestment
453700000 usd
CY2022Q4 slg Variable Interest Entity Not Primary Beneficiary Investment
VariableInterestEntityNotPrimaryBeneficiaryInvestment
86200000 usd
CY2023Q2 slg Equity Method Investment Ownership Percentage Deconsolidated
EquityMethodInvestmentOwnershipPercentageDeconsolidated
0.501
CY2023Q2 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
17000000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
3190137000 usd
CY2023Q3 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
537400000 usd
CY2023Q3 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
392760000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
407188000 usd
CY2023Q3 slg Accumulated Amortization Of Deferred Costs
AccumulatedAmortizationOfDeferredCosts
284390000 usd
CY2022Q4 slg Accumulated Amortization Of Deferred Costs
AccumulatedAmortizationOfDeferredCosts
286031000 usd
CY2023Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
108370000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
121157000 usd
CY2023Q3 slg Secured Debt Bearing Fixed Interest Amount
SecuredDebtBearingFixedInterestAmount
1398724000 usd
CY2022Q4 slg Secured Debt Bearing Fixed Interest Amount
SecuredDebtBearingFixedInterestAmount
3115814000 usd
CY2023Q3 slg Secured Debt Bearing Variable Interest Amount
SecuredDebtBearingVariableInterestAmount
120148000 usd
us-gaap Interest Expense
InterestExpense
183652000 usd
us-gaap Interest Expense
InterestExpense
105165000 usd
CY2023Q3 slg Finance Lease Interest Expense Before Capitalized Interest
FinanceLeaseInterestExpenseBeforeCapitalizedInterest
1113000 usd
CY2022Q4 slg Secured Debt Bearing Variable Interest Amount
SecuredDebtBearingVariableInterestAmount
120148000 usd
CY2023Q3 slg Secured Debt Gross
SecuredDebtGross
1518872000 usd
CY2022Q4 slg Secured Debt Gross
SecuredDebtGross
3235962000 usd
CY2023Q3 slg Secured Debt Deferred Finance Costs Net
SecuredDebtDeferredFinanceCostsNet
6126000 usd
CY2022Q4 slg Secured Debt Deferred Finance Costs Net
SecuredDebtDeferredFinanceCostsNet
8399000 usd
CY2023Q3 us-gaap Secured Debt
SecuredDebt
1512746000 usd
CY2022Q4 us-gaap Secured Debt
SecuredDebt
3227563000 usd
CY2023Q3 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
1900000000 usd
CY2022Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
3800000000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
261635000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
537237000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
470000000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1950000000 usd
CY2023Q3 slg Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
150000000 usd
CY2023Q3 slg Long Term Debt Maturities Repayments Of Principal
LongTermDebtMaturitiesRepaymentsOfPrincipal
3368872000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
52877000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
40553000 usd
slg Incremental Common Shares Attributable To Redemption Of Units To Common Shares
IncrementalCommonSharesAttributableToRedemptionOfUnitsToCommonShares
4175000 shares
CY2022Q3 slg Finance Lease Interest Expense Before Capitalized Interest
FinanceLeaseInterestExpenseBeforeCapitalizedInterest
1099000 usd
slg Finance Lease Interest Expense Before Capitalized Interest
FinanceLeaseInterestExpenseBeforeCapitalizedInterest
3329000 usd
slg Finance Lease Interest Expense Before Capitalized Interest
FinanceLeaseInterestExpenseBeforeCapitalizedInterest
3453000 usd
CY2023Q3 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
25483000 usd
CY2022Q3 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
19659000 usd
us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
77916000 usd
us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
55952000 usd
CY2023Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 usd
CY2022Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2842000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 usd
CY2023Q3 us-gaap Interest Income Operating
InterestIncomeOperating
1067000 usd
CY2022Q3 us-gaap Interest Income Operating
InterestIncomeOperating
169000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
2193000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
812000 usd
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-27440000 usd
CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-21824000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-109714000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-51854000 usd
CY2023Q3 slg Total Shares Authorized
TotalSharesAuthorized
260000000 shares
CY2023Q3 slg Total Par Or Stated Value Per Share
TotalParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
160000000 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
75000000 shares
CY2023Q3 slg Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
0 shares
CY2023Q3 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
0 shares
CY2020 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
8276032 shares
CY2020 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
64.30
CY2021 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4474649 shares
CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
75.44
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1971092 shares
CY2022 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
76.69
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-23967000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7377000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-423892000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-28748000 usd
CY2023Q3 us-gaap Distributed Earnings
DistributedEarnings
408000 usd
CY2022Q3 us-gaap Distributed Earnings
DistributedEarnings
505000 usd
us-gaap Distributed Earnings
DistributedEarnings
1225000 usd
us-gaap Distributed Earnings
DistributedEarnings
1516000 usd
CY2023Q3 slg Net Income Loss Available To Common Stockholders After Distributed And Undistributed Earnings Allocation Basic
NetIncomeLossAvailableToCommonStockholdersAfterDistributedAndUndistributedEarningsAllocationBasic
-24375000 usd
CY2022Q3 slg Net Income Loss Available To Common Stockholders After Distributed And Undistributed Earnings Allocation Basic
NetIncomeLossAvailableToCommonStockholdersAfterDistributedAndUndistributedEarningsAllocationBasic
6872000 usd
slg Net Income Loss Available To Common Stockholders After Distributed And Undistributed Earnings Allocation Basic
NetIncomeLossAvailableToCommonStockholdersAfterDistributedAndUndistributedEarningsAllocationBasic
-425117000 usd
slg Net Income Loss Available To Common Stockholders After Distributed And Undistributed Earnings Allocation Basic
NetIncomeLossAvailableToCommonStockholdersAfterDistributedAndUndistributedEarningsAllocationBasic
-30264000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-505000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
484000 usd
CY2023Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-1574000 usd
CY2022Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
491000 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-27493000 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-1831000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-25949000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7868000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-452610000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-32579000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64114000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63949000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64099000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63971000 shares
CY2023Q3 slg Incremental Common Shares Attributable To Redemption Of Units To Common Shares
IncrementalCommonSharesAttributableToRedemptionOfUnitsToCommonShares
4182000 shares
CY2022Q3 slg Incremental Common Shares Attributable To Redemption Of Units To Common Shares
IncrementalCommonSharesAttributableToRedemptionOfUnitsToCommonShares
4088000 shares
slg Incremental Common Shares Attributable To Redemption Of Units To Common Shares
IncrementalCommonSharesAttributableToRedemptionOfUnitsToCommonShares
4104000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
860000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1052000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
0 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
0 shares
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
0 shares
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
122000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68296000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68897000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68274000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69249000 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1402771 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1380364 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
621134 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
517574 shares
CY2023Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
300000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1000000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
500000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1400000 usd
CY2023Q3 slg Other Comprehensive Income Loss Deferred Net Lossfrom Terminated Hedges
OtherComprehensiveIncomeLossDeferredNetLossfromTerminatedHedges
-400000 usd
CY2022Q4 slg Other Comprehensive Income Loss Deferred Net Lossfrom Terminated Hedges
OtherComprehensiveIncomeLossDeferredNetLossfromTerminatedHedges
-500000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
9616000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
77921000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
5968000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
11240000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
57660000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
10142000 usd
CY2023Q2 slg Equity Method Investment Ownership Percentage Deconsolidated
EquityMethodInvestmentOwnershipPercentageDeconsolidated
0.501
us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
17000000 usd
CY2023Q3 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
17000000 usd
slg Accumulated Other Comprehensive Income Loss Gain Loss From Changes In Fair Value
AccumulatedOtherComprehensiveIncomeLossGainLossFromChangesInFairValue
-1300000 usd
CY2022Q3 slg Accumulated Other Comprehensive Income Loss Gain Loss From Changes In Fair Value
AccumulatedOtherComprehensiveIncomeLossGainLossFromChangesInFairValue
-1300000 usd
CY2023Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
6600000 usd
CY2023Q3 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
6600000 usd
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-46800000 usd
slg Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months Into Equity In Net Income
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonthsIntoEquityInNetIncome
-13800000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
28837000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
53411000 usd
CY2023Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-16038000 usd
CY2022Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-2923000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
66091000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
106719000 usd
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-43029000 usd
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
4659000 usd
CY2023Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
131664000 usd
CY2022Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
142778000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
457454000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
416033000 usd
CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
19467000 usd
CY2022Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
19990000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
60211000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
58283000 usd
CY2023Q3 slg Operating Lease Lease Income Fixed And Variable Lease Payments
OperatingLeaseLeaseIncomeFixedAndVariableLeasePayments
151131000 usd
CY2022Q3 slg Operating Lease Lease Income Fixed And Variable Lease Payments
OperatingLeaseLeaseIncomeFixedAndVariableLeasePayments
162768000 usd
slg Operating Lease Lease Income Fixed And Variable Lease Payments
OperatingLeaseLeaseIncomeFixedAndVariableLeasePayments
517665000 usd
slg Operating Lease Lease Income Fixed And Variable Lease Payments
OperatingLeaseLeaseIncomeFixedAndVariableLeasePayments
474316000 usd
CY2023Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-140000 usd
CY2022Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
184000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
14313000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-101000 usd
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
150991000 usd
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
162952000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
531978000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
474215000 usd
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
49700000 usd
us-gaap Sublease Income
SubleaseIncome
147400000 usd
CY2022Q3 us-gaap Sublease Income
SubleaseIncome
55700000 usd
us-gaap Sublease Income
SubleaseIncome
169900000 usd
CY2023Q3 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
1113000 usd
CY2022Q3 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
1099000 usd
us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
3328000 usd
us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
3286000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q3 us-gaap Revenues
Revenues
173220000 usd
CY2022Q3 us-gaap Revenues
Revenues
212456000 usd
us-gaap Revenues
Revenues
617865000 usd
us-gaap Revenues
Revenues
601865000 usd
CY2023Q3 slg Income Loss From Continuing Operations Before Realized Gain Loss On Disposal Of Equity Method Investment
IncomeLossFromContinuingOperationsBeforeRealizedGainLossOnDisposalOfEquityMethodInvestment
-21694000 usd
CY2022Q3 slg Income Loss From Continuing Operations Before Realized Gain Loss On Disposal Of Equity Method Investment
IncomeLossFromContinuingOperationsBeforeRealizedGainLossOnDisposalOfEquityMethodInvestment
12211000 usd
slg Income Loss From Continuing Operations Before Realized Gain Loss On Disposal Of Equity Method Investment
IncomeLossFromContinuingOperationsBeforeRealizedGainLossOnDisposalOfEquityMethodInvestment
-439279000 usd
slg Income Loss From Continuing Operations Before Realized Gain Loss On Disposal Of Equity Method Investment
IncomeLossFromContinuingOperationsBeforeRealizedGainLossOnDisposalOfEquityMethodInvestment
-12253000 usd
CY2023Q3 us-gaap Assets
Assets
9690582000 usd
CY2022Q4 us-gaap Assets
Assets
12355794000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
22900000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
69100000 usd
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21300000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
69600000 usd

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