2011 Q1 Form 10-Q Financial Statement

#000089968911000016 Filed on May 03, 2011

View on sec.gov

Income Statement

Concept 2011 Q1 2010 Q1
Revenue $674.6M $676.5M
YoY Change -0.28% 1.34%
Cost Of Revenue $309.7M $274.7M
YoY Change 12.74% -1.51%
Gross Profit $391.7M $410.6M
YoY Change -4.6% 2.73%
Gross Profit Margin 58.06% 60.69%
Selling, General & Admin $58.40M $48.60M
YoY Change 20.16% -38.56%
% of Gross Profit 14.91% 11.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $136.9M $140.3M
YoY Change -2.42% 2.97%
% of Gross Profit 34.94% 34.16%
Operating Expenses $531.7M $274.7M
YoY Change 93.56% 30.37%
Operating Profit $195.2M $228.2M
YoY Change -14.46% 20.74%
Interest Expense $111.1M $16.20M
YoY Change 585.8% -129.94%
% of Operating Profit 56.92% 7.1%
Other Income/Expense, Net $1.900M
YoY Change
Pretax Income $314.6M $247.7M
YoY Change 27.0% 55.88%
Income Tax $6.382M $5.580M
% Of Pretax Income 2.03% 2.25%
Net Earnings $412.7M $214.6M
YoY Change 92.34% 70.49%
Net Earnings / Revenue 61.17% 31.71%
Basic Earnings Per Share $2.17 $1.10
Diluted Earnings Per Share $2.12 $1.09
COMMON SHARES
Basic Shares Outstanding 184.0M shares 181.5M shares
Diluted Shares Outstanding 191.5M shares 183.4M shares

Balance Sheet

Concept 2011 Q1 2010 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.440B $789.0M
YoY Change 82.55% -51.45%
Cash & Equivalents $618.4M $788.9M
Short-Term Investments $821.9M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $900.0M $862.0M
Other Receivables $13.00M $13.00M
Total Short-Term Assets $1.531B $1.664B
YoY Change -7.99% -31.64%
LONG-TERM ASSETS
Property, Plant & Equipment $14.82B $15.39B
YoY Change -3.69% -2.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.725B $1.786B
YoY Change 52.58% 20.76%
Other Assets $594.0M $635.0M
YoY Change -6.46% -21.89%
Total Long-Term Assets $18.96B $18.76B
YoY Change 1.1% -2.39%
TOTAL ASSETS
Total Short-Term Assets $1.531B $1.664B
Total Long-Term Assets $18.96B $18.76B
Total Assets $20.49B $20.42B
YoY Change 0.35% -5.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $469.0M $491.0M
YoY Change -4.48% -1.41%
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 $469.0M $491.0M
YoY Change -4.48% -1.41%
LONG-TERM LIABILITIES
Long-Term Debt $10.63B $11.09B
YoY Change -4.15% -12.89%
Other Long-Term Liabilities $767.0M $855.0M
YoY Change -10.29% -8.16%
Total Long-Term Liabilities $11.40B $11.95B
YoY Change -4.59% -12.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $469.0M $491.0M
Total Long-Term Liabilities $11.40B $11.95B
Total Liabilities $11.88B $14.20B
YoY Change -16.34% -8.38%
SHAREHOLDERS EQUITY
Retained Earnings -$1.209B
YoY Change
Common Stock $7.340M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.648B $6.218B
YoY Change
Total Liabilities & Shareholders Equity $20.49B $20.42B
YoY Change 0.35% -5.68%

Cashflow Statement

Concept 2011 Q1 2010 Q1
OPERATING ACTIVITIES
Net Income $412.7M $214.6M
YoY Change 92.34% 70.49%
Depreciation, Depletion And Amortization $136.9M $140.3M
YoY Change -2.42% 2.97%
Cash From Operating Activities $196.1M $288.0M
YoY Change -31.92% 69.64%
INVESTING ACTIVITIES
Capital Expenditures -$30.30M -$30.20M
YoY Change 0.33% -22.37%
Acquisitions
YoY Change
Other Investing Activities $90.70M $37.60M
YoY Change 141.22% -126.95%
Cash From Investing Activities $60.42M $7.342M
YoY Change 722.95% -104.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.197B $525.2M
YoY Change 127.95%
Cash From Financing Activities -$329.0M -$41.93M
YoY Change 684.54% -139.11%
NET CHANGE
Cash From Operating Activities $196.1M $288.0M
Cash From Investing Activities $60.42M $7.342M
Cash From Financing Activities -$329.0M -$41.93M
Net Change In Cash -$72.43M $253.5M
YoY Change -128.58% 157.06%
FREE CASH FLOW
Cash From Operating Activities $196.1M $288.0M
Capital Expenditures -$30.30M -$30.20M
Free Cash Flow $226.4M $318.2M
YoY Change -28.86% 52.49%

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CY2010Q1 vno Impairment And Other Losses
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CY2011Q1 vno Acquisitions Textblock
AcquisitionsTextblock
<p style='margin-top:0pt; margin-bottom:5pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">3. </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Acquisitions</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:5pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Vornado Capital Partners, L.P.</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">and Vornado Capital Partners Parallel</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">,</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> L.</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">P. (the &#8220;Fund&#8221;)</font></p><p style='margin-top:6pt; margin-bottom:6pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:21.6px;">We are the general partner and investment manager of </font><font style="font-family:Times New Roman;font-size:10pt;">the</font><font style="font-family:Times New Roman;font-size:10pt;"> $800,000,000 real estate investment </font><font style="font-family:Times New Roman;font-size:10pt;">F</font><font style="font-family:Times New Roman;font-size:10pt;">und</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">to</font><font style="font-family:Times New Roman;font-size:10pt;"> which we</font><font style="font-family:Times New Roman;font-size:10pt;"> have</font><font style="font-family:Times New Roman;font-size:10pt;"> committed $200,000,000</font><font style="font-family:Times New Roman;font-size:10pt;">. The Fund</font><font style="font-family:Times New Roman;font-size:10pt;"> has a term of eight years</font><font style="font-family:Times New Roman;font-size:10pt;"> and i</font><font style="font-family:Times New Roman;font-size:10pt;">s our exclusive investment vehicle during </font><font style="font-family:Times New Roman;font-size:10pt;">its</font><font style="font-family:Times New Roman;font-size:10pt;"> three-year investment period for all investments that fit within </font><font style="font-family:Times New Roman;font-size:10pt;">the F</font><font style="font-family:Times New Roman;font-size:10pt;">und</font><font style="font-family:Times New Roman;font-size:10pt;">'</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> investment parameters,</font><font style="font-family:Times New Roman;font-size:10pt;"> as defined.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The Fund is accounted for under the AICPA Investment Company Guide and its investments</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">are reported on its balance sheet at fair value, with changes in value each period recognized in earnings. </font><font style="font-family:Times New Roman;font-size:10pt;">We consolidate the accounts of the Fund into our consolidated financial statements.</font></p><p style='margin-top:6pt; margin-bottom:6pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:21.6px;">As of </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, </font><font style="font-family:Times New Roman;font-size:10pt;">201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">, the Fund received $</font><font style="font-family:Times New Roman;font-size:10pt;">232,301,</font><font style="font-family:Times New Roman;font-size:10pt;">000 of capital from partners, including $</font><font style="font-family:Times New Roman;font-size:10pt;">58,076</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">000 from us</font><font style="font-family:Times New Roman;font-size:10pt;"> and has </font><font style="font-family:Times New Roman;font-size:10pt;">f</font><font style="font-family:Times New Roman;font-size:10pt;">ive</font><font style="font-family:Times New Roman;font-size:10pt;"> investments aggregating </font><font style="font-family:Times New Roman;font-size:10pt;">approximately </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">229,959</font><font style="font-family:Times New Roman;font-size:10pt;">,000</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">In </font><font style="font-family:Times New Roman;font-size:10pt;">the first quarter of </font><font style="font-family:Times New Roman;font-size:10pt;">201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">, we</font><font style="font-family:Times New Roman;font-size:10pt;"> incurred $</font><font style="font-family:Times New Roman;font-size:10pt;">3,048</font><font style="font-family:Times New Roman;font-size:10pt;">,000</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">of placement fees in connection with the February 2011 closing o</font><font style="font-family:Times New Roman;font-size:10pt;">f the Fund,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">which </font><font style="font-family:Times New Roman;font-size:10pt;">are</font><font style="font-family:Times New Roman;font-size:10pt;"> included in &#8220;general and administrative&#8221; expenses on our consolidated statement of income.</font></p><p style='margin-top:0pt; margin-bottom:6pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:6pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">One Park Avenue</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:22.5px;">On March 1, 2011, </font><font style="font-family:Times New Roman;font-size:10pt;">we as a </font><font style="font-family:Times New Roman;font-size:10pt;">c</font><font style="font-family:Times New Roman;font-size:10pt;">o-investor, </font><font style="font-family:Times New Roman;font-size:10pt;">together with </font><font style="font-family:Times New Roman;font-size:10pt;">the</font><font style="font-family:Times New Roman;font-size:10pt;"> Fund, acquired a 95% interest in One Park Avenue, a 93</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;">,000 square foot office building located between 32</font><font style="font-family:Times New Roman;font-size:10pt;">nd</font><font style="font-family:Times New Roman;font-size:10pt;"> and 33</font><font style="font-family:Times New Roman;font-size:10pt;">rd</font><font style="font-family:Times New Roman;font-size:10pt;"> Streets in New York, for $374,000,000</font><font style="font-family:Times New Roman;font-size:10pt;">. The purchase price consisted </font><font style="font-family:Times New Roman;font-size:10pt;">of $137,000,000 in cash and 95%</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">of a new $250,000,000 5-year mortgage that bears interest at </font><font style="font-family:Times New Roman;font-size:10pt;">5.0</font><font style="font-family:Times New Roman;font-size:10pt;">%.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The</font><font style="font-family:Times New Roman;font-size:10pt;"> Fund accounts for its 64.7% interest in the property at fair value in accordance with the AICPA Investment Company Guide</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;"> W</font><font style="font-family:Times New Roman;font-size:10pt;">e account for </font><font style="font-family:Times New Roman;font-size:10pt;">our directly owned</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">30.3% </font><font style="font-family:Times New Roman;font-size:10pt;">equity </font><font style="font-family:Times New Roman;font-size:10pt;">interest under the equity method of accounting in our New York Office Properties segment.</font></p>
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CY2011Q1 vno Fund Organization Costs
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CY2011Q1 vno Numberof Investments Made By Fund
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CY2010Q4 us-gaap Available For Sale Securities Amortized Cost
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45089000 USD
CY2011Q1 us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
15162000 USD
CY2011Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
2091000 USD
CY2011Q1 vno Equity Method Investment Pro Rata Share Debt Of Partially Owned Entities
EquityMethodInvestmentProRataShareDebtOfPartiallyOwnedEntities
40260412000 USD
CY2010Q4 vno Equity Method Investment Pro Rata Share Debt Of Partially Owned Entities
EquityMethodInvestmentProRataShareDebtOfPartiallyOwnedEntities
40443346000 USD
CY2011Q1 vno Equity Method Investment Prorata Share Debt Of Partially Owned Entities Excluding Our Pro Rata Share Of Lnr Liabilities Related To Cmbs And Cdo
EquityMethodInvestmentProrataShareDebtOfPartiallyOwnedEntitiesExcludingOurProRataShareOfLNRLiabilitiesRelatedToCMBSAndCDO
3041677000 USD
CY2010Q4 vno Equity Method Investment Prorata Share Debt Of Partially Owned Entities Excluding Our Pro Rata Share Of Lnr Liabilities Related To Cmbs And Cdo
EquityMethodInvestmentProrataShareDebtOfPartiallyOwnedEntitiesExcludingOurProRataShareOfLNRLiabilitiesRelatedToCMBSAndCDO
3275917000 USD
CY2011Q1 us-gaap Allowance For Notes Receivable
AllowanceForNotesReceivable
0 USD
CY2010Q4 us-gaap Allowance For Notes Receivable
AllowanceForNotesReceivable
73216000 USD
CY2011Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
5987000 USD
CY2011Q1 vno Disposal Group Including Discontinued Operation Total Expenses
DisposalGroupIncludingDiscontinuedOperationTotalExpenses
6744000 USD
CY2011Q1 vno Operating Income From Discontinued Operations
OperatingIncomeFromDiscontinuedOperations
-757000 USD
CY2011Q1 vno Disposalgroupincludingdiscontinuedoperationlitigationlossaccrualsimpairments
Disposalgroupincludingdiscontinuedoperationlitigationlossaccrualsimpairments
0 USD
CY2010Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
11021000 USD
CY2010Q1 vno Disposal Group Including Discontinued Operation Total Expenses
DisposalGroupIncludingDiscontinuedOperationTotalExpenses
10535000 USD
CY2010Q1 vno Operating Income From Discontinued Operations
OperatingIncomeFromDiscontinuedOperations
486000 USD
CY2010Q1 vno Disposalgroupincludingdiscontinuedoperationlitigationlossaccrualsimpairments
Disposalgroupincludingdiscontinuedoperationlitigationlossaccrualsimpairments
-10056000 USD
CY2011Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
683374000 USD
CY2011Q1 vno Finite Lived Intangible Liability Gross
FiniteLivedIntangibleLiabilityGross
883451000 USD
CY2011Q1 vno Finite Lived Intangible Liability Accumulated Amortization
FiniteLivedIntangibleLiabilityAccumulatedAmortization
358794000 USD
CY2011Q1 vno Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
524657000 USD
CY2011Q1 vno Other Net Attributable To Redeemable Noncontrolling Interest
OtherNetAttributableToRedeemableNoncontrollingInterest
4752000 USD
CY2010Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
687253000 USD
CY2010Q4 vno Finite Lived Intangible Liability Gross
FiniteLivedIntangibleLiabilityGross
870623000 USD
CY2010Q4 vno Finite Lived Intangible Liability Accumulated Amortization
FiniteLivedIntangibleLiabilityAccumulatedAmortization
341718000 USD
CY2010Q4 vno Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
528905000 USD
CY2011Q1 vno Disclosures Of Convertible And Exchangeable Senior Debentures Balance Sheet Schedule
DisclosuresOfConvertibleAndExchangeableSeniorDebenturesBalanceSheetSchedule
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 226px; text-align:left;border-color:#000000;min-width:226px;">&#160;</td><td colspan="5" style="width: 151px; text-align:center;border-color:#000000;min-width:151px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2.85% Convertible </font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td colspan="5" style="width: 151px; text-align:center;border-color:#000000;min-width:151px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">3.63% Convertible </font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td colspan="5" style="width: 151px; text-align:center;border-color:#000000;min-width:151px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">3.88% Exchangeable</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td></tr><tr style="height: 16px"><td colspan="3" style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">(Amounts in thousands, except per share amounts) </font></td><td colspan="5" style="width: 151px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:151px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Senior Debentures due 2027</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td colspan="5" style="width: 151px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:151px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Senior Debentures due 2026</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td colspan="5" style="width: 151px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:151px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Senior Debentures due 2025</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td></tr><tr style="height: 15px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 226px; text-align:left;border-color:#000000;min-width:226px;">&#160;</td><td colspan="2" style="width: 73px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /><sup></sup></td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 73px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 73px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /><sup></sup></td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 73px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 73px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 73px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td></tr><tr style="height: 15px"><td colspan="3" style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Balance Sheet:</font></td><td colspan="2" style="width: 73px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /><sup></sup></td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 73px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 73px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /><sup></sup></td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 73px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 73px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 73px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td></tr><tr style="height: 15px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="2" style="width: 236px; text-align:left;border-color:#000000;min-width:236px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Principal amount of debt component</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 10,233</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /><sup></sup></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 10,233</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 179,052</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /><sup></sup></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 179,052</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 499,982</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 499,982</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /></td></tr><tr style="height: 15px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="2" style="width: 236px; text-align:left;border-color:#000000;min-width:236px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Unamortized discount</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (256)</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /><sup></sup></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (319)</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (1,831)</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /><sup></sup></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (2,553)</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (7,292)</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (8,982)</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /></td></tr><tr style="height: 15px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="2" style="width: 236px; text-align:left;border-color:#000000;min-width:236px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Carrying amount of debt component</font></td><td style="width: 10px; text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 9,977</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /><sup></sup></td><td style="width: 5px; 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CY2011Q1 vno Disclosures Of Convertible And Exchangeable Senior Debentures Income Statement Schedule
DisclosuresOfConvertibleAndExchangeableSeniorDebenturesIncomeStatementSchedule
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="5" style="width: 192px; text-align:center;border-color:#000000;min-width:192px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">For the Three Months Ended</font></td><td style="width: 10px; 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text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 6,534</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 6,448</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td></tr></table></div>
CY2011Q1 vno Redeemablenoncontrollinginterestspolicytextblock
Redeemablenoncontrollinginterestspolicytextblock
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">Redeemable </font><font style="font-family:Times New Roman;font-size:10pt;">noncontrolling interests </font><font style="font-family:Times New Roman;font-size:10pt;">on our consolidated balance sheets </font><font style="font-family:Times New Roman;font-size:10pt;">represent </font><font style="font-family:Times New Roman;font-size:10pt;">Operating Partnership units held by </font><font style="font-family:Times New Roman;font-size:10pt;">third parties and are comprised of Class A units and Series D-10, D-11, D-14, D-15 and D-16 (collectively, &#8220;Series D&#8221;) cumulative redeemable preferred units. </font><font style="font-family:Times New Roman;font-size:10pt;">Redeemable </font><font style="font-family:Times New Roman;font-size:10pt;">noncontrolling interests on </font><font style="font-family:Times New Roman;font-size:10pt;">our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period. Changes in the value from period to period are charged to &#8220;additional capital&#8221; in our consolidated statements of changes in equity. </font></p>
CY2010Q1 vno Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
17779000 USD
CY2010Q1 vno Other Net Attributable To Redeemable Noncontrolling Interest
OtherNetAttributableToRedeemableNoncontrollingInterest
1304000 USD
CY2010Q1 vno Redeemable Non Controlling Interests
RedeemableNonControllingInterests
1339748000 USD
CY2011Q1 vno Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
31808000 USD
CY2009Q4 vno Redeemable Non Controlling Interests
RedeemableNonControllingInterests
1251628000 USD
CY2010Q1 vno Cumulative Redeemable Preferred Units Redemption Amount
CumulativeRedeemablePreferredUnitsRedemptionAmount
4000000 USD
CY2010Q1 vno Distributions Attributable To Redeemable Noncontrolling Interest
DistributionsAttributableToRedeemableNoncontrollingInterest
13082000 USD
CY2010Q1 vno Conversion Of Class Redeemable Units At Redemption Value
ConversionOfClassRedeemableUnitsAtRedemptionValue
18128000 USD
CY2010Q1 vno Adjustments To Reflect Redeemable Class Operating Partnership Units
AdjustmentsToReflectRedeemableClassOperatingPartnershipUnits
-104247000 USD
CY2011Q1 vno Conversion Of Class Redeemable Units At Redemption Value
ConversionOfClassRedeemableUnitsAtRedemptionValue
27539000 USD
CY2011Q1 vno Distributions Attributable To Redeemable Noncontrolling Interest
DistributionsAttributableToRedeemableNoncontrollingInterest
12702000 USD
CY2011Q1 vno Adjustments To Reflect Redeemable Class Operating Partnership Units
AdjustmentsToReflectRedeemableClassOperatingPartnershipUnits
-42227000 USD
CY2011Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Mandatorily Redeemable Preferred Stock
FairValueLiabilitiesMeasuredOnRecurringBasisMandatorilyRedeemablePreferredStock
55097000 USD
CY2010Q4 us-gaap Derivative Assets
DerivativeAssets
17616000 USD
CY2010Q4 vno Sum Of Financial Assets Measured At Market Value
SumOfFinancialAssetsMeasuredAtMarketValue
1019704000 USD
CY2010Q4 vno Mandatorily Redeemable Instruments Included In Other Liabilities
MandatorilyRedeemableInstrumentsIncludedInOtherLiabilities
55097000 USD
CY2010Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
91549000 USD
CY2011Q1 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
97951000 USD
CY2011Q1 us-gaap Derivative Assets
DerivativeAssets
34779000 USD
CY2011Q1 vno Sum Of Financial Assets Measured At Market Value
SumOfFinancialAssetsMeasuredAtMarketValue
1185307000 USD
CY2011Q1 vno Mandatorily Redeemable Instruments Included In Other Liabilities
MandatorilyRedeemableInstrumentsIncludedInOtherLiabilities
55097000 USD
CY2011Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7146000 USD
CY2010Q1 us-gaap Share Based Compensation
ShareBasedCompensation
6477000 USD
CY2011Q1 vno Tenant Cleaning Fees
TenantCleaningFees
15423000 USD
CY2011Q1 vno Management And Leasing Fees
ManagementAndLeasingFees
4106000 USD
CY2011Q1 vno Lease Termination Fees
LeaseTerminationFees
1176000 USD
CY2011Q1 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
13588000 USD
CY2010Q1 vno Tenant Cleaning Fees
TenantCleaningFees
13652000 USD
CY2010Q1 vno Management And Leasing Fees
ManagementAndLeasingFees
9140000 USD
CY2010Q1 vno Lease Termination Fees
LeaseTerminationFees
4970000 USD
CY2010Q1 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
13165000 USD
CY2011Q1 vno Fee And Other Income
FeeAndOtherIncome
34293000 USD
CY2010Q1 vno Fee And Other Income
FeeAndOtherIncome
40927000 USD
CY2011Q1 vno Fee And Other Income From Related Parties
FeeAndOtherIncomeFromRelatedParties
197000 USD
CY2010Q1 vno Fee And Other Income From Related Parties
FeeAndOtherIncomeFromRelatedParties
200000 USD
CY2011Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
57161000 USD
CY2011Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
502982000 USD
CY2011Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
36759000 USD
CY2011Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
466223000 USD
CY2010Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
1504000 USD
CY2010Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
234048000 USD
CY2010Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
18098000 USD
CY2010Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
215950000 USD
CY2011Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
286947000 USD
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
125716000 USD
CY2011Q1 vno Earnings Allocated To Unvested Participating Securities
EarningsAllocatedToUnvestedParticipatingSecurities
46000 USD
CY2011Q1 vno Numerator For Basic Income Per Share
NumeratorForBasicIncomePerShare
399169000 USD
CY2011Q1 us-gaap Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
32000 USD
CY2011Q1 vno Numerator For Diluted Income Loss Per Share
NumeratorForDilutedIncomeLossPerShare
405735000 USD
CY2011Q1 vno Weighted Average Number Diluted Shares Outstanding Adjustment Employee Stock Options And Restricted Share Awards
WeightedAverageNumberDilutedSharesOutstandingAdjustmentEmployeeStockOptionsAndRestrictedShareAwards
1749000 shares
CY2011Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
56000 shares
CY2010Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
224122000 USD
CY2010Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-9570000 USD
CY2010Q1 vno Earnings Allocated To Unvested Participating Securities
EarningsAllocatedToUnvestedParticipatingSecurities
20000 USD
CY2010Q1 vno Numerator For Basic Income Per Share
NumeratorForBasicIncomePerShare
200265000 USD
CY2010Q1 us-gaap Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
41000 USD
CY2010Q1 vno Numerator For Diluted Income Loss Per Share
NumeratorForDilutedIncomeLossPerShare
200306000 USD
CY2010Q1 vno Weighted Average Number Diluted Shares Outstanding Adjustment Employee Stock Options And Restricted Share Awards
WeightedAverageNumberDilutedSharesOutstandingAdjustmentEmployeeStockOptionsAndRestrictedShareAwards
1831000 shares
CY2010Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
72000 shares
CY2011Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12787000 shares
CY2010Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21029000 shares
CY2011Q1 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
6534000 USD
CY2011Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
5736000 shares
CY2010Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2010Q1 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
CY2011Q1 vno Depreciation And Amortization Including Partially Owned Entities
DepreciationAndAmortizationIncludingPartiallyOwnedEntities
185848000 USD
CY2011Q1 vno Letters Of Credit
LettersOfCredit
12423000 USD
CY2011Q1 vno Guarantees And Master Leases
GuaranteesAndMasterLeases
203250000 USD
CY2011Q1 vno Commitment To Fund Additional Capital To Partially Owned Entities
CommitmentToFundAdditionalCapitalToPartiallyOwnedEntities
195255000 USD
CY2011Q1 vno Commitments To Investment Management Fund
CommitmentsToInvestmentManagementFund
52000000 USD
CY2011Q1 vno Unfunded Commitments To The Real Estate Fund
UnfundedCommitmentsToTheRealEstateFund
141924000 USD
CY2011Q1 us-gaap Minimum Rents
MinimumRents
540472000 USD
CY2011Q1 vno Interest And Debt Expense Including Partially Owned Entities
InterestAndDebtExpenseIncludingPartiallyOwnedEntities
198848000 USD
CY2011Q1 vno Income Tax Expense Including Partially Owned Entities
IncomeTaxExpenseIncludingPartiallyOwnedEntities
66828000 USD
CY2011Q1 vno Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
864187000 USD
CY2011Q1 vno Straight Line Rent Adjustments
StraightLineRentAdjustments
13929000 USD
CY2011Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
571160000 USD
CY2011Q1 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
16759000 USD
CY2011Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
737111000 USD
CY2010Q1 us-gaap Minimum Rents
MinimumRents
516623000 USD
CY2010Q1 vno Interest And Debt Expense Including Partially Owned Entities
InterestAndDebtExpenseIncludingPartiallyOwnedEntities
196187000 USD
CY2010Q1 vno Depreciation And Amortization Including Partially Owned Entities
DepreciationAndAmortizationIncludingPartiallyOwnedEntities
186149000 USD
CY2010Q1 vno Income Tax Expense Including Partially Owned Entities
IncomeTaxExpenseIncludingPartiallyOwnedEntities
55706000 USD
CY2010Q1 vno Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
652594000 USD
CY2010Q1 vno Straight Line Rent Adjustments
StraightLineRentAdjustments
20063000 USD
CY2010Q1 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
15771000 USD
CY2010Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
552457000 USD
CY2010Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
685314000 USD

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