2018 Q1 Form 10-Q Financial Statement
#000089968918000030 Filed on April 30, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
Revenue | $536.4M | $508.1M |
YoY Change | 5.59% | 3.91% |
Cost Of Revenue | $237.6M | $220.7M |
YoY Change | 7.66% | -13.89% |
Gross Profit | $298.8M | $287.4M |
YoY Change | 3.97% | -19.43% |
Gross Profit Margin | 55.7% | 56.57% |
Selling, General & Admin | $43.60M | $47.20M |
YoY Change | -7.63% | -3.08% |
% of Gross Profit | 14.59% | 16.42% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $115.3M | $145.9M |
YoY Change | -20.94% | -3.16% |
% of Gross Profit | 38.6% | 50.76% |
Operating Expenses | $401.6M | $376.2M |
YoY Change | 6.73% | -38.65% |
Operating Profit | $133.8M | $131.8M |
YoY Change | 1.48% | -47176.07% |
Interest Expense | -$127.0M | -$77.30M |
YoY Change | 64.29% | -23.31% |
% of Operating Profit | -94.94% | -58.64% |
Other Income/Expense, Net | $949.0K | $2.645M |
YoY Change | -64.12% | 77.16% |
Pretax Income | $3.199M | $60.38M |
YoY Change | -94.7% | -167.47% |
Income Tax | $2.554M | $1.851M |
% Of Pretax Income | 79.84% | 3.07% |
Net Earnings | $9.680M | $63.88M |
YoY Change | -84.85% | -168.1% |
Net Earnings / Revenue | 1.8% | 12.57% |
Basic Earnings Per Share | -$0.09 | $0.25 |
Diluted Earnings Per Share | -$0.09 | $0.25 |
COMMON SHARES | ||
Basic Shares Outstanding | 190.1M shares | 189.2M shares |
Diluted Shares Outstanding | 190.1M shares | 190.4M shares |
Balance Sheet
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.477B | $1.674B |
YoY Change | -11.73% | -8.83% |
Cash & Equivalents | $1.327B | $1.485B |
Short-Term Investments | $149.8M | $188.7M |
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $999.0M | $1.136B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $2.326B | $2.621B |
YoY Change | -11.26% | -4.52% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $11.96B | $14.86B |
YoY Change | -19.51% | 1.89% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $1.520B | $2.059B |
YoY Change | -26.18% | -9.77% |
Other Assets | $496.0M | $555.0M |
YoY Change | -10.63% | -12.04% |
Total Long-Term Assets | $14.54B | $18.11B |
YoY Change | -19.72% | -0.1% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.326B | $2.621B |
Total Long-Term Assets | $14.54B | $18.11B |
Total Assets | $16.86B | $20.73B |
YoY Change | -18.65% | -0.68% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $431.0M | $451.0M |
YoY Change | -4.43% | 0.67% |
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 | $431.0M | $451.0M |
YoY Change | -4.43% | 0.67% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $9.774B | $10.62B |
YoY Change | -7.92% | -4.02% |
Other Long-Term Liabilities | $777.0M | $835.0M |
YoY Change | -6.95% | -6.07% |
Total Long-Term Liabilities | $10.55B | $11.45B |
YoY Change | -7.85% | -4.18% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $431.0M | $451.0M |
Total Long-Term Liabilities | $10.55B | $11.45B |
Total Liabilities | $10.98B | $11.90B |
YoY Change | -7.73% | -17.05% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $111.2M | -$1.506B |
YoY Change | -107.38% | |
Common Stock | $7.584M | $7.551M |
YoY Change | 0.44% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $4.360B | $6.842B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $16.86B | $20.73B |
YoY Change | -18.65% | -0.68% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $9.680M | $63.88M |
YoY Change | -84.85% | -168.1% |
Depreciation, Depletion And Amortization | $115.3M | $145.9M |
YoY Change | -20.94% | -3.16% |
Cash From Operating Activities | $265.4M | $301.3M |
YoY Change | -11.9% | 10.96% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$185.2M | -$166.8M |
YoY Change | 11.03% | -18.83% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$5.400M | $10.10M |
YoY Change | -153.47% | -134.01% |
Cash From Investing Activities | -$190.6M | -$156.7M |
YoY Change | 21.68% | -33.38% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | $144.8M | $6.987M |
YoY Change | 1972.74% | -99.23% |
Cash From Financing Activities | -$571.5M | -$160.9M |
YoY Change | 255.11% | -18.38% |
NET CHANGE | ||
Cash From Operating Activities | $265.4M | $301.3M |
Cash From Investing Activities | -$190.6M | -$156.7M |
Cash From Financing Activities | -$571.5M | -$160.9M |
Net Change In Cash | -$496.7M | -$16.32M |
YoY Change | 2944.33% | -89.85% |
FREE CASH FLOW | ||
Cash From Operating Activities | $265.4M | $301.3M |
Capital Expenditures | -$185.2M | -$166.8M |
Free Cash Flow | $450.6M | $468.1M |
YoY Change | -3.73% | -1.88% |
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CY2017Q1 | us-gaap |
Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
|
2354000 | USD |
CY2018Q1 | us-gaap |
Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
|
0 | USD |
CY2017Q1 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
2267000 | USD |
CY2018Q1 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
0 | USD |
CY2017Q1 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
501000 | USD |
CY2018Q1 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
0 | USD |
CY2017Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
47237000 | USD |
CY2018Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
43633000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
49519000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
10021000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
60380000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2099000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
58529000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
645000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.18 | |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.09 | |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.18 | |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.09 | |
CY2017Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
15318000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-363000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
14362000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-341000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.07 | |
CY2018Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.00 | |
CY2017Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.07 | |
CY2018Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.00 | |
CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1851000 | USD |
CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1454000 | USD |
CY2017Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1512000 | USD |
CY2018Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1646000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-670000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
19835000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2027000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
5702000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
11452000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
15151000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
8083000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
663000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-72051000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-77053000 | USD |
CY2017Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1162000 | shares |
CY2018Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
CY2017Q1 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
82724000 | USD |
CY2018Q1 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
88166000 | USD |
CY2017Q1 | us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
743000 | USD |
CY2018Q1 | us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
743000 | USD |
CY2017Q1 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
84970000 | USD |
CY2018Q1 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
94788000 | USD |
CY2017Q1 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
9364000 | USD |
CY2018Q1 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
13272000 | USD |
CY2017Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
88078000 | USD |
CY2018Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
84566000 | USD |
CY2017Q1 | us-gaap |
Investment Income Dividend
InvestmentIncomeDividend
|
3307000 | USD |
CY2018Q1 | us-gaap |
Investment Income Dividend
InvestmentIncomeDividend
|
3353000 | USD |
CY2017Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
1056829000 | USD |
CY2018Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
1033228000 | USD |
CY2017Q4 | us-gaap |
Land
Land
|
3143648000 | USD |
CY2018Q1 | us-gaap |
Land
Land
|
3170158000 | USD |
CY2018Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
8921000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
11405296000 | USD |
CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
10982579000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
17397934000 | USD |
CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
16864483000 | USD |
CY2017Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
3620000 | USD |
CY2018Q1 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
1176000 | USD |
CY2018Q1 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
|
0.934 | |
CY2017Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | USD |
CY2018Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
80000000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1592348000 | USD |
CY2018Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
1672239000 | USD |
CY2017Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
182752000 | USD |
CY2018Q1 | us-gaap |
Marketable Securities
MarketableSecurities
|
149766000 | USD |
CY2017Q1 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
0 | USD |
CY2018Q1 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-32986000 | USD |
CY2017Q4 | us-gaap |
Minority Interest
MinorityInterest
|
670049000 | USD |
CY2018Q1 | us-gaap |
Minority Interest
MinorityInterest
|
664786000 | USD |
CY2017Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
9163000 | USD |
CY2018Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
7906000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-160948000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-571542000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-156654000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-190620000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
301285000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
265418000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
63881000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
9680000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
3229000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-1124000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
47752000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-17841000 | USD |
CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
190372000 | shares |
CY2017Q4 | us-gaap |
Notes And Loans Payable
NotesAndLoansPayable
|
8137139000 | USD |
CY2017Q1 | us-gaap |
Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
|
6737000 | USD |
CY2018Q1 | us-gaap |
Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
|
-8274000 | USD |
CY2018Q1 | us-gaap |
Notes And Loans Payable
NotesAndLoansPayable
|
8102238000 | USD |
CY2018Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2017Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
220659000 | USD |
CY2018Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
237602000 | USD |
CY2017Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
376245000 | USD |
CY2018Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
402673000 | USD |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
131813000 | USD |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
133764000 | USD |
CY2017Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
414892000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
440110000 | USD |
CY2017Q4 | us-gaap |
Other Assets
OtherAssets
|
468205000 | USD |
CY2018Q1 | us-gaap |
Other Assets
OtherAssets
|
406275000 | USD |
CY2018Q1 | us-gaap |
Other Commitment
OtherCommitment
|
389000000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
5842000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
10258000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
3000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
654000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-15009000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
0 | USD |
CY2017Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
464635000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
465659000 | USD |
CY2017Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-17535000 | USD |
CY2018Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-14736000 | USD |
CY2017Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2645000 | USD |
CY2018Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
4506000 | USD |
CY2017Q1 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
2937000 | USD |
CY2018Q1 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
4553000 | USD |
CY2017Q1 | us-gaap |
Owned Property Management Costs
OwnedPropertyManagementCosts
|
220659000 | USD |
CY2018Q1 | us-gaap |
Owned Property Management Costs
OwnedPropertyManagementCosts
|
237602000 | USD |
CY2017Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
15000 | USD |
CY2018Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
11000 | USD |
CY2017Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
67363000 | USD |
CY2018Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
54284000 | USD |
CY2017Q1 | us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
98227000 | USD |
CY2018Q1 | us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
86808000 | USD |
CY2017Q1 | us-gaap |
Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
0 | USD |
CY2018Q1 | us-gaap |
Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
470000000 | USD |
CY2017Q1 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
0 | USD |
CY2018Q1 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
818000 | USD |
CY2017Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
43000 | USD |
CY2018Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
3300000 | USD |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
190081000 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
189210000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
190081000 | shares |
CY2017Q1 | vno |
Capitalized Interest And Debt Expenses
CapitalizedInterestAndDebtExpenses
|
10815000 | USD |
CY2018Q1 | vno |
Capitalized Interest And Debt Expenses
CapitalizedInterestAndDebtExpenses
|
14726000 | USD |
CY2017Q1 | vno |
Cash Basis Property Level Noi
CashBasisPropertyLevelNOI
|
316677000 | USD |
CY2018Q1 | vno |
Cash Basis Property Level Noi
CashBasisPropertyLevelNOI
|
331088000 | USD |
CY2018Q1 | vno |
Commitment To Fund Additional Capital To Partially Owned Entities
CommitmentToFundAdditionalCapitalToPartiallyOwnedEntities
|
52000000 | USD |
CY2017Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
134332000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
119764000 | USD |
CY2017Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
14281000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
13266000 | USD |
CY2017Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
16129000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
16628000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
6679000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
7519000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
1171000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
44095000 | USD |
CY2017Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
16129000 | USD |
CY2018Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
13035000 | USD |
CY2017Q4 | us-gaap |
Preferred Stock No Par Value
PreferredStockNoParValue
|
0 | |
CY2018Q1 | us-gaap |
Preferred Stock No Par Value
PreferredStockNoParValue
|
0 | |
CY2017Q1 | us-gaap |
Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
|
0 | USD |
CY2018Q1 | us-gaap |
Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
|
14486000 | USD |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
110000000 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
110000000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
36799573 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
36799573 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
36799573 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
36799573 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
891988000 | USD |
CY2018Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
891325000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
14000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
0 | USD |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
2529000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
185701000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
75000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
8370000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
5180000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
0 | USD |
CY2017Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
8484000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3769000 | USD |
CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
73847000 | USD |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
282000 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
2885283000 | USD |
CY2018Q1 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
2962983000 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
14756295000 | USD |
CY2018Q1 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
14926337000 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
11871012000 | USD |
CY2018Q1 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
11963354000 | USD |
CY2017Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
508058000 | USD |
CY2018Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
536437000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
144822000 | USD |
CY2017Q4 | vno |
Cumulative Redeemable Preferred Shares Calledfor Redemption
CumulativeRedeemablePreferredSharesCalledforRedemption
|
455514000 | USD |
CY2018Q1 | vno |
Cumulative Redeemable Preferred Shares Calledfor Redemption
CumulativeRedeemablePreferredSharesCalledforRedemption
|
0 | USD |
CY2017Q4 | vno |
Deferred Leasing And Financing Costs Amortization
DeferredLeasingAndFinancingCostsAmortization
|
191827000 | USD |
CY2018Q1 | vno |
Deferred Leasing And Financing Costs Amortization
DeferredLeasingAndFinancingCostsAmortization
|
194078000 | USD |
CY2016Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
1278446000 | USD |
CY2017Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
1266074000 | USD |
CY2017Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
984937000 | USD |
CY2018Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
857026000 | USD |
CY2017Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
|
979509000 | USD |
CY2018Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
|
851598000 | USD |
CY2017Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
|
5428000 | USD |
CY2018Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
|
5428000 | USD |
CY2017Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
6987000 | USD |
CY2016Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
95032000 | USD |
CY2017Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
93463000 | USD |
CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
97157000 | USD |
CY2018Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
90684000 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-4183253000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-4198088000 | USD |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
0 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
-663000 | USD |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
14739000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
8392000 | USD |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
387000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
335000 | USD |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
8097000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
3434000 | USD |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
311000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
177000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4337652000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4360092000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7618496000 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7563327000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
5007701000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
5024878000 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
61000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
0 | USD |
CY2017Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
15522000 | USD |
CY2018Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
7430000 | USD |
CY2017Q1 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
59033000 | USD |
CY2018Q1 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
60310000 | USD |
CY2017Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
843614000 | USD |
CY2018Q1 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
843125000 | USD |
CY2017Q4 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
748734000 | USD |
CY2018Q1 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
749114000 | USD |
CY2017Q4 | vno |
Deferred Leasing And Financing Costs Net Of Accumulated Amortization
DeferredLeasingAndFinancingCostsNetOfAccumulatedAmortization
|
403492000 | USD |
CY2017Q1 | vno |
Net Operating Income Lossfrom Equity Method Investments
NetOperatingIncomeLossfromEquityMethodInvestments
|
66097000 | USD |
CY2017Q1 | vno |
Numerator For Basic Income Per Share
NumeratorForBasicIncomePerShare
|
47737000 | USD |
CY2018Q1 | vno |
Numerator For Basic Income Per Share
NumeratorForBasicIncomePerShare
|
-17852000 | USD |
CY2017Q1 | vno |
Net Operating Income Loss Including Portion Attributableto Noncontrolling Interest Total
NetOperatingIncomeLossIncludingPortionAttributabletoNoncontrollingInterestTotal
|
-16338000 | USD |
CY2018Q1 | vno |
Net Operating Income Loss Including Portion Attributableto Noncontrolling Interest Total
NetOperatingIncomeLossIncludingPortionAttributabletoNoncontrollingInterestTotal
|
-17312000 | USD |
CY2018Q1 | vno |
Net Operating Income Lossfrom Equity Method Investments
NetOperatingIncomeLossfromEquityMethodInvestments
|
67513000 | USD |
CY2017Q1 | vno |
Net Realized And Unrealized Gain On Real Estate Fund Investments
NetRealizedAndUnrealizedGainOnRealEstateFundInvestments
|
-6946000 | USD |
CY2018Q1 | vno |
Net Realized And Unrealized Gain On Real Estate Fund Investments
NetRealizedAndUnrealizedGainOnRealEstateFundInvestments
|
-911000 | USD |
CY2017Q1 | vno |
Noncontrolling Interest Increase From Limited Partners Contribution
NoncontrollingInterestIncreaseFromLimitedPartnersContribution
|
75000 | USD |
CY2018Q1 | vno |
Noncontrolling Interest Increase From Limited Partners Contribution
NoncontrollingInterestIncreaseFromLimitedPartnersContribution
|
8370000 | USD |
CY2017 | vno |
Number Of Investments Held By Fund
NumberOfInvestmentsHeldByFund
|
5 | investment |
CY2017Q1 | vno |
Operating Income From Discontinued Operations
OperatingIncomeFromDiscontinuedOperations
|
20571000 | USD |
CY2018Q1 | vno |
Operating Income From Discontinued Operations
OperatingIncomeFromDiscontinuedOperations
|
-363000 | USD |
CY2017Q1 | vno |
Operating Income Loss Cash Basis
OperatingIncomeLossCashBasis
|
337158000 | USD |
CY2018Q1 | vno |
Operating Income Loss Cash Basis
OperatingIncomeLossCashBasis
|
349036000 | USD |
CY2017Q1 | vno |
Operating Leases Income Statement Base Rent
OperatingLeasesIncomeStatementBaseRent
|
383843000 | USD |
CY2018Q1 | vno |
Operating Leases Income Statement Base Rent
OperatingLeasesIncomeStatementBaseRent
|
406565000 | USD |
CY2017Q1 | vno |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges And Other Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesAndOtherNetOfTax
|
5842000 | USD |
CY2018Q1 | vno |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges And Other Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesAndOtherNetOfTax
|
10258000 | USD |
CY2017Q1 | vno |
Other Net Attributable To Redeemable Noncontrolling Interest
OtherNetAttributableToRedeemableNoncontrollingInterest
|
14495000 | USD |
CY2018Q1 | vno |
Other Net Attributable To Redeemable Noncontrolling Interest
OtherNetAttributableToRedeemableNoncontrollingInterest
|
3713000 | USD |
CY2017Q1 | vno |
Our Share Of Partially Owned Entities Oci Adjustments
OurShareOfPartiallyOwnedEntitiesOciAdjustments
|
-51000 | USD |
CY2018Q1 | vno |
Our Share Of Partially Owned Entities Oci Adjustments
OurShareOfPartiallyOwnedEntitiesOciAdjustments
|
346000 | USD |
CY2017Q1 | vno |
Pro Rata Amounts Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ProRataAmountsReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-9268000 | USD |
CY2018Q1 | vno |
Pro Rata Amounts Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ProRataAmountsReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
0 | USD |
CY2017Q1 | vno |
Real Estate Acquisitionand Related Transaction Cost
RealEstateAcquisitionandRelatedTransactionCost
|
752000 | USD |
CY2018Q1 | vno |
Real Estate Acquisitionand Related Transaction Cost
RealEstateAcquisitionandRelatedTransactionCost
|
13156000 | USD |
CY2017Q4 | vno |
Real Estate Fund Nondepreciable Real Estate
RealEstateFundNondepreciableRealEstate
|
354804000 | USD |
CY2018Q1 | vno |
Real Estate Fund Nondepreciable Real Estate
RealEstateFundNondepreciableRealEstate
|
336552000 | USD |
CY2017Q4 | vno |
Receivables Arising From Straight Lining Of Rents Allowance
ReceivablesArisingFromStraightLiningOfRentsAllowance
|
954000 | USD |
CY2018Q1 | vno |
Receivables Arising From Straight Lining Of Rents Allowance
ReceivablesArisingFromStraightLiningOfRentsAllowance
|
739000 | USD |
CY2017Q1 | vno |
Recognition Of Deferred Revenue Adjusted For Discontinued Operations
RecognitionOfDeferredRevenueAdjustedForDiscontinuedOperations
|
11459000 | USD |
CY2018Q1 | vno |
Recognition Of Deferred Revenue Adjusted For Discontinued Operations
RecognitionOfDeferredRevenueAdjustedForDiscontinuedOperations
|
10581000 | USD |
CY2017Q1 | vno |
Repurchase Of Shares Related To Stock Compensation Arrangements And Related Tax Withholdings
RepurchaseOfSharesRelatedToStockCompensationArrangementsAndRelatedTaxWithholdings
|
264000 | USD |
CY2018Q1 | vno |
Repurchase Of Shares Related To Stock Compensation Arrangements And Related Tax Withholdings
RepurchaseOfSharesRelatedToStockCompensationArrangementsAndRelatedTaxWithholdings
|
784000 | USD |
CY2017Q1 | vno |
Return Of Capital From Real Estate Fund Investments
ReturnOfCapitalFromRealEstateFundInvestments
|
0 | USD |
CY2018Q1 | vno |
Return Of Capital From Real Estate Fund Investments
ReturnOfCapitalFromRealEstateFundInvestments
|
14966000 | USD |
CY2017Q1 | vno |
Straightline Rents And Other Adjustments
StraightlineRentsAndOtherAdjustments
|
20481000 | USD |
CY2018Q1 | vno |
Straightline Rents And Other Adjustments
StraightlineRentsAndOtherAdjustments
|
17948000 | USD |
CY2017Q1 | vno |
Tenant Cleaning Fees
TenantCleaningFees
|
25071000 | USD |
CY2018Q1 | vno |
Tenant Cleaning Fees
TenantCleaningFees
|
28355000 | USD |
CY2017Q1 | vno |
Tenant Common Expense Reimbursements
TenantCommonExpenseReimbursements
|
46401000 | USD |
CY2018Q1 | vno |
Tenant Common Expense Reimbursements
TenantCommonExpenseReimbursements
|
47846000 | USD |
CY2017Q1 | vno |
Tenant Direct Services
TenantDirectServices
|
12632000 | USD |
CY2018Q1 | vno |
Disposal Group Including Discontinued Operation Total Expenses
DisposalGroupIncludingDiscontinuedOperationTotalExpenses
|
717000 | USD |
CY2018Q1 | vno |
Tenant Direct Services
TenantDirectServices
|
12464000 | USD |
CY2018Q1 | vno |
Unearned Out Performance Plan
UnearnedOutPerformancePlan
|
9046000 | USD |
CY2017Q1 | vno |
Distributions Of Capital From Partially Owned Entities
DistributionsOfCapitalFromPartiallyOwnedEntities
|
11592000 | USD |
CY2018Q1 | vno |
Distributions Of Capital From Partially Owned Entities
DistributionsOfCapitalFromPartiallyOwnedEntities
|
2086000 | USD |
CY2017Q1 | vno |
Write Off Of Fully Amortized And Depreciated Assets
WriteOffOfFullyAmortizedAndDepreciatedAssets
|
15809000 | USD |
CY2018Q1 | vno |
Write Off Of Fully Amortized And Depreciated Assets
WriteOffOfFullyAmortizedAndDepreciatedAssets
|
15707000 | USD |
CY2017Q1 | vno |
Fee And Other Income
FeeAndOtherIncome
|
34133000 | USD |
CY2018Q1 | us-gaap |
Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2017, the FASB issued an update (“ASU 2017-12”) </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Targeted Improvements to Accounting for Hedging Activities </font><font style="font-family:inherit;font-size:10pt;">to ASC Topic 815, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivatives and Hedging </font><font style="font-family:inherit;font-size:10pt;">("ASC 815"). ASU 2017-12 amends the hedge accounting recognition and presentation requirements in ASC 815. The update is intended to more closely align hedge accounting with companies’ risk management strategies, simplify the application of hedge accounting and increase transparency as to the scope and results of hedge programs. ASU 2017-12 requires subsequent changes in fair value of a hedging instrument that has been designated and qualifies as a cash flow hedge to be recognized as a component of "other comprehensive income (loss)." ASU 2017-12 is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2018, with early adoption permitted. We early adopted ASU 2017-12 on January 1, 2018 using the modified retrospective approach. The adoption of this update did not have a material impact on our consolidated financial statements.</font></div></div> | |
CY2017Q1 | vno |
Disposal Group Including Discontinued Operation Total Expenses
DisposalGroupIncludingDiscontinuedOperationTotalExpenses
|
95712000 | USD |
CY2018Q1 | vno |
Deferred Leasing And Financing Costs Net Of Accumulated Amortization
DeferredLeasingAndFinancingCostsNetOfAccumulatedAmortization
|
405209000 | USD |
CY2017Q1 | vno |
Depreciation And Amortization Including Partially Owned Entities
DepreciationAndAmortizationIncludingPartiallyOwnedEntities
|
105128000 | USD |
CY2018Q1 | vno |
Depreciation And Amortization Including Partially Owned Entities
DepreciationAndAmortizationIncludingPartiallyOwnedEntities
|
108686000 | USD |
CY2017Q1 | vno |
Disposal Group Including Discontinued Operation Spinoff Transaction
DisposalGroupIncludingDiscontinuedOperationSpinoffTransaction
|
7253000 | USD |
CY2018Q1 | vno |
Disposal Group Including Discontinued Operation Spinoff Transaction
DisposalGroupIncludingDiscontinuedOperationSpinoffTransaction
|
0 | USD |
CY2018Q1 | vno |
Fee And Other Income
FeeAndOtherIncome
|
36017000 | USD |
CY2017Q4 | vno |
Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
|
205600000 | USD |
CY2018Q1 | vno |
Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
|
193902000 | USD |
CY2017Q4 | vno |
Finite Lived Intangible Liability Accumulated Amortization
FiniteLivedIntangibleLiabilityAccumulatedAmortization
|
324897000 | USD |
CY2018Q1 | vno |
Finite Lived Intangible Liability Accumulated Amortization
FiniteLivedIntangibleLiabilityAccumulatedAmortization
|
336049000 | USD |
CY2017Q4 | vno |
Finite Lived Intangible Liability Gross
FiniteLivedIntangibleLiabilityGross
|
530497000 | USD |
CY2018Q1 | vno |
Finite Lived Intangible Liability Gross
FiniteLivedIntangibleLiabilityGross
|
529951000 | USD |
CY2017Q1 | vno |
Gain Loss Of Investments In Deferred Compensation Plan
GainLossOfInvestmentsInDeferredCompensationPlan
|
2469000 | USD |
CY2018Q1 | vno |
Gain Loss Of Investments In Deferred Compensation Plan
GainLossOfInvestmentsInDeferredCompensationPlan
|
-404000 | USD |
CY2017Q1 | vno |
Gain Loss On Sale Of Continuing Assets
GainLossOnSaleOfContinuingAssets
|
501000 | USD |
CY2018Q1 | vno |
Gain Loss On Sale Of Continuing Assets
GainLossOnSaleOfContinuingAssets
|
0 | USD |
CY2018Q1 | vno |
Guarantees And Master Leases
GuaranteesAndMasterLeases
|
647000000 | USD |
CY2017Q1 | vno |
Income From Real Estate Fund
IncomeFromRealEstateFund
|
1358000 | USD |
CY2018Q1 | vno |
Income From Real Estate Fund
IncomeFromRealEstateFund
|
-9904000 | USD |
CY2017Q1 | vno |
Income Loss From Equity Method Investments Including Fees Earned
IncomeLossFromEquityMethodInvestmentsIncludingFeesEarned
|
1358000 | USD |
CY2018Q1 | vno |
Income Loss From Equity Method Investments Including Fees Earned
IncomeLossFromEquityMethodInvestmentsIncludingFeesEarned
|
-9904000 | USD |
CY2017Q1 | vno |
Income Loss From Equity Method Investments Including Fees Earned Including Discontinued Operations
IncomeLossFromEquityMethodInvestmentsIncludingFeesEarnedIncludingDiscontinuedOperations
|
1445000 | USD |
CY2018Q1 | vno |
Income Loss From Equity Method Investments Including Fees Earned Including Discontinued Operations
IncomeLossFromEquityMethodInvestmentsIncludingFeesEarnedIncludingDiscontinuedOperations
|
-9904000 | USD |
CY2017Q1 | vno |
Incomelossfromrealestatefundinvestments
Incomelossfromrealestatefundinvestments
|
268000 | USD |
CY2018Q1 | vno |
Incomelossfromrealestatefundinvestments
Incomelossfromrealestatefundinvestments
|
-8807000 | USD |
CY2017Q1 | vno |
Increase Decreasein Real Estate Fund Investments
IncreaseDecreaseinRealEstateFundInvestments
|
0 | USD |
CY2018Q1 | vno |
Increase Decreasein Real Estate Fund Investments
IncreaseDecreaseinRealEstateFundInvestments
|
2950000 | USD |
CY2017Q1 | vno |
Interest And Other Investment Loss Income Net
InterestAndOtherInvestmentLossIncomeNet
|
6695000 | USD |
CY2018Q1 | vno |
Interest And Other Investment Loss Income Net
InterestAndOtherInvestmentLossIncomeNet
|
-24384000 | USD |
CY2017Q1 | vno |
Lease Termination Fees
LeaseTerminationFees
|
3850000 | USD |
CY2018Q1 | vno |
Lease Termination Fees
LeaseTerminationFees
|
345000 | USD |
CY2017Q1 | vno |
Management And Leasing Fees
ManagementAndLeasingFees
|
2275000 | USD |
CY2018Q1 | vno |
Management And Leasing Fees
ManagementAndLeasingFees
|
2764000 | USD |
CY2017Q1 | vno |
Marktomarket Expense Benefitof Investmentsin Deferred Compensation Plan
MarktomarketExpenseBenefitofInvestmentsinDeferredCompensationPlan
|
2469000 | USD |
CY2018Q1 | vno |
Marktomarket Expense Benefitof Investmentsin Deferred Compensation Plan
MarktomarketExpenseBenefitofInvestmentsinDeferredCompensationPlan
|
-404000 | USD |
CY2017Q1 | vno |
Net Operating Income Loss Cash Basis Consolidated
NetOperatingIncomeLossCashBasisConsolidated
|
287399000 | USD |
CY2018Q1 | vno |
Net Operating Income Loss Cash Basis Consolidated
NetOperatingIncomeLossCashBasisConsolidated
|
298835000 | USD |
CY2017Q1 | vno |
Net Operating Income Loss Cash Basis Partially Owned Entities
NetOperatingIncomeLossCashBasisPartiallyOwnedEntities
|
66097000 | USD |
CY2018Q1 | vno |
Net Operating Income Loss Cash Basis Partially Owned Entities
NetOperatingIncomeLossCashBasisPartiallyOwnedEntities
|
67513000 | USD |
CY2018Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vornado Realty Trust (“Vornado”) is a fully integrated real estate investment trust (“REIT”) and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a Delaware limited partnership (the “Operating Partnership”). Vornado is the sole general partner of, and owned approximately </font><font style="font-family:inherit;font-size:10pt;">93.4%</font><font style="font-family:inherit;font-size:10pt;"> of the common limited partnership interest in, the Operating Partnership as of </font><font style="font-family:inherit;font-size:10pt;">March 31, 2018</font><font style="font-family:inherit;font-size:10pt;">. All references to the “Company,” “we,” “us,” and “our” mean collectively Vornado, the Operating Partnership and those entities/subsidiaries consolidated by Vornado.</font></div></div> | |
CY2018Q1 | vno |
Real Estate Fund Textblock
RealEstateFundTextblock
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Real Estate Fund Investments</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;color:#ffffff;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are the general partner and investment manager of Vornado Capital Partners Real Estate Fund (the “Fund”) and own a </font><font style="font-family:inherit;font-size:10pt;">25.0%</font><font style="font-family:inherit;font-size:10pt;"> interest in the Fund, which had an initial </font><font style="font-family:inherit;font-size:10pt;">eight</font><font style="font-family:inherit;font-size:10pt;">-year term ending February 2019. On January 29, 2018, the Fund's term was extended to February 2023. The Fund's </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">-year investment period ended in </font><font style="font-family:inherit;font-size:10pt;">July 2013</font><font style="font-family:inherit;font-size:10pt;">. The Fund is accounted for under ASC Topic 946, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Services – Investment Companies</font><font style="font-family:inherit;font-size:10pt;"> (“ASC 946”) 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></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are also the general partner and investment manager of the Crowne Plaza Times Square Hotel Joint Venture (the “Crowne Plaza Joint Venture”) and own a </font><font style="font-family:inherit;font-size:10pt;">57.1%</font><font style="font-family:inherit;font-size:10pt;"> interest in the joint venture which owns the </font><font style="font-family:inherit;font-size:10pt;">24.7%</font><font style="font-family:inherit;font-size:10pt;"> interest in the Crowne Plaza Times Square Hotel not owned by the Fund. The Crowne Plaza Joint Venture is also accounted for under ASC 946 and we consolidate the accounts of the joint venture into our consolidated financial statements, retaining the fair value basis of accounting.</font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 17, 2018, the Fund completed the sale of the retail condominium at 11 East 68th Street, a property located on Madison Avenue and 68th Street, for </font><font style="font-family:inherit;font-size:10pt;">$82,000,000</font><font style="font-family:inherit;font-size:10pt;">. From the inception of this investment through its disposition, the Fund realized a </font><font style="font-family:inherit;font-size:10pt;">$46,259,000</font><font style="font-family:inherit;font-size:10pt;"> net gain.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2011, a joint venture (the "Joint Venture") owned </font><font style="font-family:inherit;font-size:10pt;">64.7%</font><font style="font-family:inherit;font-size:10pt;"> by the Fund, </font><font style="font-family:inherit;font-size:10pt;">30.3%</font><font style="font-family:inherit;font-size:10pt;"> by Vornado and </font><font style="font-family:inherit;font-size:10pt;">5.0%</font><font style="font-family:inherit;font-size:10pt;"> by a third party, acquired One Park Avenue for </font><font style="font-family:inherit;font-size:10pt;">$394,000,000</font><font style="font-family:inherit;font-size:10pt;">. In connection with the acquisition, the Joint Venture paid </font><font style="font-family:inherit;font-size:10pt;">$3,000,000</font><font style="font-family:inherit;font-size:10pt;"> of New York City real property transfer tax (the "Transfer Tax") and filed a Real Property Tax Return ("RPTR") with the New York City Department of Finance (the "Department of Finance"). The RPTR was audited by the Department of Finance in 2014 and an increased Transfer Tax was assessed. The Joint Venture appealed the increased Transfer Tax assessment and the Joint Venture's appeal was upheld by a New York City Administrative Law Judge ("ALJ") in January 2017. The Department of Finance appealed the ALJ's decision and on February 16, 2018 the New York City Tax Appeals Tribunal (the "Tax Tribunal") reversed the ALJ's decision and assessed </font><font style="font-family:inherit;font-size:10pt;">$9,491,000</font><font style="font-family:inherit;font-size:10pt;"> of additional Transfer Tax and </font><font style="font-family:inherit;font-size:10pt;">$6,764,000</font><font style="font-family:inherit;font-size:10pt;"> of interest. As a result of the Tax Tribunal's decision, we recorded an expense of </font><font style="font-family:inherit;font-size:10pt;">$15,608,000</font><font style="font-family:inherit;font-size:10pt;">, before noncontrolling interests, during the first quarter of 2018, which was subsequently paid on April 5, 2018, in order to permit us to appeal the Tax Tribunal's decision and stop the accrual of interest, of which </font><font style="font-family:inherit;font-size:10pt;">$10,630,000</font><font style="font-family:inherit;font-size:10pt;"> is included in "(loss) income from real estate fund investments" and </font><font style="font-family:inherit;font-size:10pt;">$4,978,000</font><font style="font-family:inherit;font-size:10pt;"> is included in "(loss) income from partially owned entities" (see Note </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">8</font><font style="font-family:inherit;font-size:10pt;"> - </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Investments in Partially Owned Entities</font><font style="font-family:inherit;font-size:10pt;">) on our consolidated statements of income. We are appealing the Tax Tribunal's decision.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March 31, 2018</font><font style="font-family:inherit;font-size:10pt;">, we had </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> real estate fund investments through the Fund and the Crowne Plaza Joint Venture with an aggregate fair value of </font><font style="font-family:inherit;font-size:10pt;">$336,552,000</font><font style="font-family:inherit;font-size:10pt;">, or </font><font style="font-family:inherit;font-size:10pt;">$77,678,000</font><font style="font-family:inherit;font-size:10pt;"> in excess of cost, and had remaining unfunded commitments of </font><font style="font-family:inherit;font-size:10pt;">$114,872,000</font><font style="font-family:inherit;font-size:10pt;">, of which our share was </font><font style="font-family:inherit;font-size:10pt;">$33,513,000</font><font style="font-family:inherit;font-size:10pt;">. At December 31, 2017, we had </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> real estate fund investments with an aggregate fair value of </font><font style="font-family:inherit;font-size:10pt;">$354,804,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> Below is a summary of income from the Fund and the Crowne Plaza Joint Venture for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March 31, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:67%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(Amounts in thousands)</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the Three Months Ended March 31,</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net investment income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,734</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">7,214</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Transfer Tax</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(10,630</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net realized (loss) gain on exited investments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(911</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">241</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net unrealized loss on held investments</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(7,187</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(Loss) income from real estate fund investments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(8,807</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">268</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Less loss (income) attributable to noncontrolling interests in consolidated subsidiaries</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,369</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3,503</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Loss from real estate fund investments attributable to the Operating Partnership (2018 includes $4,252 of loss related to One Park Avenue potential additional transfer taxes and reduction in carried interest) </font><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3,438</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3,235</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Less loss attributable to noncontrolling interests in the Operating Partnership</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">212</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">202</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Loss from real estate fund investments attributable to Vornado</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3,226</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3,033</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:6pt;"><font style="font-family:inherit;font-size:6pt;">____________________</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Excludes </font><font style="font-family:inherit;font-size:8pt;">$440</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">$1,000</font><font style="font-family:inherit;font-size:8pt;"> of management and leasing fees for the </font><font style="font-family:inherit;font-size:8pt;">three</font><font style="font-family:inherit;font-size:8pt;"> months ended </font><font style="font-family:inherit;font-size:8pt;">March 31, 2018</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">2017</font><font style="font-family:inherit;font-size:8pt;">, respectively, which are included as a component of "fee and other income" on our consolidated statements of income.</font></div></td></tr></table></div> |