2016 Q1 Form 10-Q Financial Statement
#000089968916000054 Filed on May 02, 2016
Income Statement
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| Revenue | $488.9M | $606.8M |
| YoY Change | -19.43% | 7.9% |
| Cost Of Revenue | $256.3M | $254.5M |
| YoY Change | 0.71% | 7.57% |
| Gross Profit | $356.7M | $352.3M |
| YoY Change | 1.25% | 8.13% |
| Gross Profit Margin | 72.96% | 58.06% |
| Selling, General & Admin | $48.70M | $58.50M |
| YoY Change | -16.75% | 23.16% |
| % of Gross Profit | 13.65% | 16.61% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $150.6M | $131.1M |
| YoY Change | 14.9% | -14.79% |
| % of Gross Profit | 42.23% | 37.22% |
| Operating Expenses | $613.3M | $182.6M |
| YoY Change | 235.88% | 1.9% |
| Operating Profit | -$280.0K | $169.7M |
| YoY Change | -100.16% | 15.76% |
| Interest Expense | -$100.8M | -$88.40M |
| YoY Change | 14.03% | 1.84% |
| % of Operating Profit | -52.09% | |
| Other Income/Expense, Net | $1.493M | $1.906M |
| YoY Change | -21.67% | -2.76% |
| Pretax Income | -$89.49M | $110.0M |
| YoY Change | -181.36% | 21.55% |
| Income Tax | $2.831M | $1.000M |
| % Of Pretax Income | 0.91% | |
| Net Earnings | -$93.80M | $104.1M |
| YoY Change | -190.1% | 25.88% |
| Net Earnings / Revenue | -19.19% | 17.16% |
| Basic Earnings Per Share | -$0.61 | $0.45 |
| Diluted Earnings Per Share | -$0.61 | $0.45 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 188.7M shares | |
| Diluted Shares Outstanding | 188.7M shares |
Balance Sheet
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.836B | $1.068B |
| YoY Change | 71.88% | -7.69% |
| Cash & Equivalents | $1.674B | $1.068B |
| Short-Term Investments | $162.1M | |
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $1.071B | $927.0M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $2.745B | $1.995B |
| YoY Change | 37.59% | -5.5% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $14.59B | $13.83B |
| YoY Change | 5.45% | -5.51% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $2.282B | $2.148B |
| YoY Change | 6.24% | 0.75% |
| Other Assets | $631.0M | $713.0M |
| YoY Change | -11.5% | -16.61% |
| Total Long-Term Assets | $18.13B | $17.27B |
| YoY Change | 4.99% | -5.43% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.745B | $1.995B |
| Total Long-Term Assets | $18.13B | $17.27B |
| Total Assets | $20.87B | $19.26B |
| YoY Change | 8.37% | -5.44% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $448.0M | $433.0M |
| YoY Change | 3.46% | -5.46% |
| 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 | $448.0M | $433.0M |
| YoY Change | 3.46% | -5.46% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $11.06B | $9.564B |
| YoY Change | 15.64% | -7.55% |
| Other Long-Term Liabilities | $889.0M | $916.0M |
| YoY Change | -2.95% | -9.75% |
| Total Long-Term Liabilities | $11.95B | $10.48B |
| YoY Change | 14.02% | -7.75% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $448.0M | $433.0M |
| Total Long-Term Liabilities | $11.95B | $10.48B |
| Total Liabilities | $14.35B | $12.98B |
| YoY Change | 10.58% | -5.97% |
| 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 | $6.525B | $6.286B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $20.87B | $19.26B |
| YoY Change | 8.37% | -5.44% |
Cashflow Statement
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$93.80M | $104.1M |
| YoY Change | -190.1% | 25.88% |
| Depreciation, Depletion And Amortization | $150.6M | $131.1M |
| YoY Change | 14.9% | -14.79% |
| Cash From Operating Activities | $271.5M | $194.5M |
| YoY Change | 39.59% | -37.08% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$205.5M | -$192.4M |
| YoY Change | 6.81% | 33.8% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$29.70M | $342.3M |
| YoY Change | -108.68% | 51.13% |
| Cash From Investing Activities | -$235.1M | $149.9M |
| YoY Change | -256.89% | 81.09% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | $909.6M | $907.4M |
| YoY Change | 0.24% | 289.12% |
| Cash From Financing Activities | -$197.2M | -$475.3M |
| YoY Change | -58.51% | -361.81% |
| NET CHANGE | ||
| Cash From Operating Activities | $271.5M | $194.5M |
| Cash From Investing Activities | -$235.1M | $149.9M |
| Cash From Financing Activities | -$197.2M | -$475.3M |
| Net Change In Cash | -$160.8M | -$130.9M |
| YoY Change | 22.83% | -122.83% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $271.5M | $194.5M |
| Capital Expenditures | -$205.5M | -$192.4M |
| Free Cash Flow | $477.0M | $386.9M |
| YoY Change | 23.29% | -14.58% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q1 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
371076000 | USD |
| CY2015Q4 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
183138000 | USD |
| CY2015Q1 | us-gaap |
Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
|
15882000 | USD |
| CY2016Q1 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-7487000 | USD |
| CY2015Q1 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
5287000 | USD |
| CY2016Q1 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
36524000 | USD |
| CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
427000 | USD |
| CY2014Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7489382000 | USD |
| CY2015Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
118447000 | USD |
| CY2015Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
19484000 | USD |
| CY2015Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
23493000 | USD |
| CY2015Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
9100000 | USD |
| CY2015Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
338000 | USD |
| CY2015Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
966000 | USD |
| CY2015Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
85000 | USD |
| CY2015Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7043648000 | USD |
| CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
-1288000 | USD |
| CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-776000 | USD |
| CY2015Q1 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
25349000 | USD |
| CY2015Q1 | us-gaap |
Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
|
-464603000 | USD |
| CY2015Q1 | vno |
Income Loss From Equity Method Investments Including Fees Earned
IncomeLossFromEquityMethodInvestmentsIncludingFeesEarned
|
-2405000 | USD |
| CY2016Q1 | vno |
Income Loss From Equity Method Investments Including Fees Earned
IncomeLossFromEquityMethodInvestmentsIncludingFeesEarned
|
-4240000 | USD |
| CY2015Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
256000 | USD |
| CY2016Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
160700000 | USD |
| CY2016Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
41626000 | USD |
| CY2015Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
29474000 | USD |
| CY2015Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-15865000 | USD |
| CY2016Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-15248000 | USD |
| CY2016Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
887500000 | USD |
| CY2016Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
909617000 | USD |
| CY2016Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
118867000 | USD |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-197188000 | USD |
| CY2016Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-162141000 | USD |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-130909000 | USD |
| CY2015Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
800000000 | USD |
| CY2015Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
907431000 | USD |
| CY2015Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
118447000 | USD |
| CY2015Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-475296000 | USD |
| CY2016Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
2193000 | USD |
| CY2015Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
2175000 | USD |
| CY2015Q1 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
8479000 | USD |
| CY2016Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
0 | USD |
| CY2015Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
51350000 | USD |
| CY2016Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
20364000 | USD |
| CY2015Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
19484000 | USD |
| CY2016Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
21474000 | USD |
| CY2015Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
60287000 | USD |
| CY2016Q1 | vno |
Repurchase Of Shares Related To Stock Compensation Arrangements And Related Tax Withholdings
RepurchaseOfSharesRelatedToStockCompensationArrangementsAndRelatedTaxWithholdings
|
185000 | USD |
| CY2015Q1 | vno |
Repurchase Of Shares Related To Stock Compensation Arrangements And Related Tax Withholdings
RepurchaseOfSharesRelatedToStockCompensationArrangementsAndRelatedTaxWithholdings
|
2939000 | USD |
| CY2016Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
16704000 | USD |
| CY2015Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
5076000 | USD |
| CY2016Q1 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
7497000 | USD |
| CY2016Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2523000 | USD |
| CY2015Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
12018000 | USD |
| CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1198477000 | USD |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1067568000 | USD |
| CY2015Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
62000000 | USD |
| CY2016Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
0 | USD |
| CY2015Q1 | vno |
Receipt Of Security Deposits Included In Restricted Cash And Other Liabilities
ReceiptOfSecurityDepositsIncludedInRestrictedCashAndOtherLiabilities
|
42346000 | USD |
| CY2016Q1 | vno |
Receipt Of Security Deposits Included In Restricted Cash And Other Liabilities
ReceiptOfSecurityDepositsIncludedInRestrictedCashAndOtherLiabilities
|
0 | USD |
| CY2016Q1 | us-gaap |
Marketable Securities
MarketableSecurities
|
162091000 | USD |
| CY2016Q1 | vno |
Real Estate Fund Textblock
RealEstateFundTextblock
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">4</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;">Real Estate Fund </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Investments</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">We are the general partner and investment manager of </font><font style="font-family:Times New Roman;font-size:10pt;">Vornado Capital Partners Real Estate Fund (</font><font style="font-family:Times New Roman;font-size:10pt;">the</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;">Fund</font><font style="font-family:Times New Roman;font-size:10pt;">”)</font><font style="font-family:Times New Roman;font-size:10pt;">, which has an eight-year term and a three-year investment period that ended in July 2013. During the </font><font style="font-family:Times New Roman;font-size:10pt;">investment period, the Fund was our exclusive investment vehicle for all investments that fit within its investment parameters, as defined</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;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The Fund is accounted for under </font><font style="font-family:Times New Roman;font-size:10pt;">ASC 946, </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Financial Services – Investment Companies</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">(“ASC 946”) </font><font style="font-family:Times New Roman;font-size:10pt;">and its investments are reported on its balance sheet at fair value, with changes in value each period recognized in earnings. We consolidate the accounts of the Fund into our consolidated financial statements, retaining the fair value basis of accounting.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">We are also the general partner and investment manager of Crowne Plaza Times Square Hotel Co-Investment (the “Co-Investment”), which owns a 24.7% interest in the Crowne Plaza Times Square Hotel. The Fund owns the remaining 75.3% interest. The Co-Investment is also accounted for under ASC 946. We consolidate the accounts of the Co-Investment into our consolidated financial statements, retaining the fair value basis of accounting.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">A</font><font style="font-family:Times New Roman;font-size:10pt;">t</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2016</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">we </font><font style="font-family:Times New Roman;font-size:10pt;">ha</font><font style="font-family:Times New Roman;font-size:10pt;">d</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">six</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">real estate fund </font><font style="font-family:Times New Roman;font-size:10pt;">investments</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">with an aggregate fair value of </font><font style="font-family:Times New Roman;font-size:10pt;">$5</font><font style="font-family:Times New Roman;font-size:10pt;">66</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">696</font><font style="font-family:Times New Roman;font-size:10pt;">,000</font><font style="font-family:Times New Roman;font-size:10pt;">, or $</font><font style="font-family:Times New Roman;font-size:10pt;">200</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">549</font><font style="font-family:Times New Roman;font-size:10pt;">,000</font><font style="font-family:Times New Roman;font-size:10pt;"> in excess of cost, and ha</font><font style="font-family:Times New Roman;font-size:10pt;">d</font><font style="font-family:Times New Roman;font-size:10pt;"> remaining unfunded commitments of $</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">02</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">212</font><font style="font-family:Times New Roman;font-size:10pt;">,000</font><font style="font-family:Times New Roman;font-size:10pt;">, of which our share </font><font style="font-family:Times New Roman;font-size:10pt;">was</font><font style="font-family:Times New Roman;font-size:10pt;"> $</font><font style="font-family:Times New Roman;font-size:10pt;">25</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">5</font><font style="font-family:Times New Roman;font-size:10pt;">53</font><font style="font-family:Times New Roman;font-size:10pt;">,</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;">Below is a summary </font><font style="font-family:Times New Roman;font-size:10pt;">of </font><font style="font-family:Times New Roman;font-size:10pt;">income from </font><font style="font-family:Times New Roman;font-size:10pt;">the Fund </font><font style="font-family:Times New Roman;font-size:10pt;">and the Co-Investment </font><font style="font-family:Times New Roman;font-size:10pt;">for </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2016</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2015</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td colspan="2" style="width: 226px; text-align:left;border-color:#000000;min-width:226px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">(Amounts in thousands)</font></td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;"> <sup></sup></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td colspan="5" style="width: 231px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:231px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">For the Three Months Ended March 31,</font></td></tr><tr style="height: 13px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;"> </td><td style="width: 201px; text-align:left;border-color:#000000;min-width:201px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;"> <sup></sup></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td colspan="2" style="width: 105px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:105px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2016</font></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td colspan="2" style="width: 105px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:105px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2015</font></td></tr><tr style="height: 15px"><td colspan="3" style="width: 471px; text-align:left;border-color:#000000;min-width:471px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Net investment income</font><sup></sup></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 90px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 4,673</font></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 90px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 6,450</font></td></tr><tr style="height: 13px"><td colspan="3" style="width: 471px; text-align:left;border-color:#000000;min-width:471px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Net realized gain on exited investments</font><sup></sup></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 14,676</font></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 24,705</font></td></tr><tr style="height: 13px"><td colspan="3" style="width: 471px; text-align:left;border-color:#000000;min-width:471px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Previously recorded unrealized gain on exited investment</font><sup></sup></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (14,254)</font></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (23,279)</font></td></tr><tr style="height: 16px"><td colspan="3" style="width: 471px; text-align:left;border-color:#000000;min-width:471px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Net unrealized gains on held investments</font><sup></sup></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 6,189</font></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 16,213</font></td></tr><tr style="height: 15px"><td colspan="3" style="width: 471px; text-align:left;border-color:#000000;min-width:471px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Income from real estate fund investments</font><sup></sup></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 11,284</font></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 24,089</font></td></tr><tr style="height: 15px"><td colspan="3" style="width: 471px; text-align:left;border-color:#000000;min-width:471px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Less income attributable to noncontrolling interests</font><sup></sup></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (5,973)</font></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (13,539)</font></td></tr><tr style="height: 15px"><td colspan="3" style="width: 471px; text-align:left;border-color:#000000;min-width:471px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Income from real estate fund investments attributable to Vornado </font><sup>(1)</sup></td><td style="width: 21px; text-align:center;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 5,311</font></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 10,550</font></td></tr><tr style="height: 10px"><td style="width: 25px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:25px;"> </td><td style="width: 201px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:201px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;"> <sup></sup></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:90px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:90px;"> </td></tr><tr style="height: 10px"><td style="width: 25px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:25px;"> </td><td style="width: 201px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:201px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;"> <sup></sup></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;"> </td></tr><tr style="height: 17px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">(1)</font></td><td colspan="14" style="width: 698px; text-align:left;border-color:#000000;min-width:698px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Excludes management, leasing and development fees of $760 and $704 for the three months ended March 31, 2016 and 2015, respectively, which are included as a component of "fee and other income" on our consolidated statements of income.</font></td></tr></table></div> | |
| CY2015Q1 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
16265000 | USD |
| CY2015Q1 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
310069000 | USD |
| CY2015Q1 | vno |
Operating Income From Discontinued Operations
OperatingIncomeFromDiscontinuedOperations
|
6923000 | USD |
| CY2016Q1 | us-gaap |
Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
|
72549000 | USD |
| CY2016Q1 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
|
89542000 | USD |
| CY2015Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
|
78448000 | USD |
| CY2015Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
150997000 | USD |
| CY2015Q4 | us-gaap |
Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
|
72549000 | USD |
| CY2016Q1 | us-gaap |
Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
|
6997000 | USD |
| CY2016Q1 | us-gaap |
Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
|
12902000 | USD |
| CY2016Q1 | vno |
Disposal Group Including Discontinued Operations Real Estate
DisposalGroupIncludingDiscontinuedOperationsRealEstate
|
29517000 | USD |
| CY2015Q4 | us-gaap |
Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
|
7459000 | USD |
| CY2015Q4 | vno |
Disposal Group Including Discontinued Operations Real Estate
DisposalGroupIncludingDiscontinuedOperationsRealEstate
|
29561000 | USD |
| CY2016Q1 | vno |
Disposal Group Including Discontinued Operation Total Expenses
DisposalGroupIncludingDiscontinuedOperationTotalExpenses
|
466000 | USD |
| CY2016Q1 | us-gaap |
Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
|
1182000 | USD |
| CY2016Q1 | vno |
Operating Income From Discontinued Operations
OperatingIncomeFromDiscontinuedOperations
|
716000 | USD |
| CY2016Q1 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
1654000 | USD |
| CY2016Q1 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
716000 | USD |
| CY2016Q1 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
0 | USD |
| CY2016Q1 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
0 | USD |
| CY2015Q1 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
-36672000 | USD |
| CY2015Q1 | us-gaap |
Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
|
20296000 | USD |
| CY2015Q1 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
86000 | USD |
| CY2015Q1 | vno |
Disposal Group Including Discontinued Operation Total Expenses
DisposalGroupIncludingDiscontinuedOperationTotalExpenses
|
13373000 | USD |
| CY2015Q1 | us-gaap |
Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
|
21376000 | USD |
| CY2015Q1 | vno |
Disposal Group Including Discontinued Operation Litigation Loss Accruals Impairments
DisposalGroupIncludingDiscontinuedOperationLitigationLossAccrualsImpairments
|
256000 | USD |
| CY2015Q1 | us-gaap |
Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
|
10867000 | USD |
| CY2015Q1 | vno |
Transaction Costs Spin Off
TransactionCostsSpinOff
|
22645000 | USD |
| CY2016Q1 | vno |
Disposal Group Including Discontinued Operation Litigation Loss Accruals Impairments
DisposalGroupIncludingDiscontinuedOperationLitigationLossAccrualsImpairments
|
0 | USD |
| CY2016Q1 | vno |
Transaction Costs Spin Off
TransactionCostsSpinOff
|
0 | USD |
| CY2016Q1 | us-gaap |
Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
|
0 | USD |
| CY2016Q1 | us-gaap |
Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
|
0 | USD |
| CY2016Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
406482000 | USD |
| CY2016Q1 | vno |
Finite Lived Intangible Liability Gross
FiniteLivedIntangibleLiabilityGross
|
607241000 | USD |
| CY2016Q1 | vno |
Finite Lived Intangible Liability Accumulated Amortization
FiniteLivedIntangibleLiabilityAccumulatedAmortization
|
307858000 | USD |
| CY2016Q1 | vno |
Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
|
299383000 | USD |
| CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
415261000 | USD |
| CY2015Q4 | vno |
Finite Lived Intangible Liability Gross
FiniteLivedIntangibleLiabilityGross
|
643488000 | USD |
| CY2015Q4 | vno |
Finite Lived Intangible Liability Accumulated Amortization
FiniteLivedIntangibleLiabilityAccumulatedAmortization
|
325340000 | USD |
| CY2015Q4 | vno |
Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
|
318148000 | USD |
| CY2015Q1 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
9035000 | USD |
| CY2016Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
1215590000 | USD |
| CY2015Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1577297000 | USD |
| CY2016Q1 | vno |
Income Tax Expense Including Partially Owned Entities
IncomeTaxExpenseIncludingPartiallyOwnedEntities
|
3261000 | USD |
| CY2016Q1 | vno |
Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
|
210393000 | USD |
| CY2016Q1 | vno |
Gain Loss On Sale Of Continuing Assets
GainLossOnSaleOfContinuingAssets
|
714000 | USD |
| CY2015Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
21169000 | USD |
| CY2015Q1 | vno |
Interest And Debt Expense Including Partially Owned Entities
InterestAndDebtExpenseIncludingPartiallyOwnedEntities
|
114675000 | USD |
| CY2015Q1 | vno |
Depreciation And Amortization Including Partially Owned Entities
DepreciationAndAmortizationIncludingPartiallyOwnedEntities
|
156450000 | USD |
| CY2015Q1 | vno |
Other Net Attributable To Redeemable Noncontrolling Interest
OtherNetAttributableToRedeemableNoncontrollingInterest
|
19133000 | USD |
| CY2015Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
1304790000 | USD |
| CY2016Q1 | vno |
Other Net Attributable To Redeemable Noncontrolling Interest
OtherNetAttributableToRedeemableNoncontrollingInterest
|
14364000 | USD |
| CY2014Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
1337780000 | USD |
| CY2015Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
7280000 | USD |
| CY2016Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
7835000 | USD |
| CY2014Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
93267000 | USD |
| CY2015Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
72609000 | USD |
| CY2015Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
0 | USD |
| CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-20658000 | USD |
| CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-20658000 | USD |
| CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
6478000 | USD |
| CY2016Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
0 | USD |
| CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
6478000 | USD |
| CY2016Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
13281000 | shares |
| CY2015Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11488000 | shares |
| CY2016Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1493000 | USD |
| CY2015Q1 | vno |
Income Tax Expense Including Partially Owned Entities
IncomeTaxExpenseIncludingPartiallyOwnedEntities
|
-739000 | USD |
| CY2016Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
119636000 | USD |
| CY2016Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
14571000 | USD |
| CY2015Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
20142000 | USD |
| CY2016Q1 | vno |
Tenant Cleaning Fees
TenantCleaningFees
|
18146000 | USD |
| CY2016Q1 | vno |
Management And Leasing Fees
ManagementAndLeasingFees
|
4799000 | USD |
| CY2016Q1 | vno |
Lease Termination Fees
LeaseTerminationFees
|
2405000 | USD |
| CY2016Q1 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
8620000 | USD |
| CY2015Q1 | vno |
Tenant Cleaning Fees
TenantCleaningFees
|
22633000 | USD |
| CY2015Q1 | vno |
Management And Leasing Fees
ManagementAndLeasingFees
|
4192000 | USD |
| CY2015Q1 | vno |
Lease Termination Fees
LeaseTerminationFees
|
3747000 | USD |
| CY2015Q1 | us-gaap |
Investment Income Dividend
InvestmentIncomeDividend
|
3203000 | USD |
| CY2015Q1 | vno |
Interest On Notes Receivable
InterestOnNotesReceivable
|
2824000 | USD |
| CY2015Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1906000 | USD |
| CY2016Q1 | vno |
Interest On Notes Receivable
InterestOnNotesReceivable
|
748000 | USD |
| CY2016Q1 | us-gaap |
Investment Income Dividend
InvestmentIncomeDividend
|
3215000 | USD |
| CY2016Q1 | vno |
Gain Loss On Investment In Deferred Compensation Plan
GainLossOnInvestmentInDeferredCompensationPlan
|
-1938000 | USD |
| CY2015Q1 | vno |
Gain Loss On Investment In Deferred Compensation Plan
GainLossOnInvestmentInDeferredCompensationPlan
|
2859000 | USD |
| CY2015Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
7456000 | USD |
| CY2015Q1 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
95328000 | USD |
| CY2016Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
9265000 | USD |
| CY2016Q1 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
100295000 | USD |
| CY2016Q1 | vno |
Capitalized Interest And Debt Expenses
CapitalizedInterestAndDebtExpenses
|
9071000 | USD |
| CY2015Q1 | vno |
Capitalized Interest And Debt Expenses
CapitalizedInterestAndDebtExpenses
|
11110000 | USD |
| CY2016Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-94471000 | USD |
| CY2016Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
672000 | USD |
| CY2015Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
88848000 | USD |
| CY2015Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
15229000 | USD |
| CY2015Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
84574000 | USD |
| CY2016Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-114179000 | USD |
| CY2016Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
16000 | USD |
| CY2015Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
19000 | USD |
| CY2015Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1337000 | shares |
| CY2016Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
| CY2016Q1 | vno |
Guarantees And Master Leases
GuaranteesAndMasterLeases
|
481000000 | USD |
| CY2016Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
32540000 | USD |
| CY2016Q1 | vno |
Commitment To Fund Additional Capital To Partially Owned Entities
CommitmentToFundAdditionalCapitalToPartiallyOwnedEntities
|
80000000 | USD |
| CY2016Q1 | us-gaap |
Other Commitment
OtherCommitment
|
810700000 | USD |
| CY2016Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
2191000 | USD |
| CY2016Q1 | vno |
Interest And Debt Expense Including Partially Owned Entities
InterestAndDebtExpenseIncludingPartiallyOwnedEntities
|
126120000 | USD |
| CY2016Q1 | vno |
Depreciation And Amortization Including Partially Owned Entities
DepreciationAndAmortizationIncludingPartiallyOwnedEntities
|
174811000 | USD |
| CY2015Q1 | vno |
Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
|
374463000 | USD |
| CY2015Q1 | vno |
Gain Loss On Sale Of Continuing Assets
GainLossOnSaleOfContinuingAssets
|
1860000 | USD |
| CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
4542000 | USD |
