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Vornado Realty Trust, et al. – ‘10-Q’ for 6/30/20 – ‘R2’

On:  Monday, 8/3/20, at 4:29pm ET   ·   For:  6/30/20   ·   Accession #:  899689-20-39   ·   File #s:  1-11954, 1-34482

Previous ‘10-Q’:  ‘10-Q’ on 5/4/20 for 3/31/20   ·   Next:  ‘10-Q’ on 11/2/20 for 9/30/20   ·   Latest:  ‘10-Q’ on 5/6/24 for 3/31/24   ·   3 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/03/20  Vornado Realty Trust              10-Q        6/30/20  113:19M
          Vornado Realty LP

Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   3.18M 
 2: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     32K 
 3: EX-15.2     Letter re: Unaudited Interim Financial Info         HTML     29K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     36K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     37K 
 6: EX-31.3     Certification -- §302 - SOA'02                      HTML     36K 
 7: EX-31.4     Certification -- §302 - SOA'02                      HTML     36K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     32K 
 9: EX-32.2     Certification -- §906 - SOA'02                      HTML     32K 
10: EX-32.3     Certification -- §906 - SOA'02                      HTML     32K 
11: EX-32.4     Certification -- §906 - SOA'02                      HTML     32K 
18: R1          Document and Entity Information                     HTML     97K 
19: R2          Consolidated Balance Sheets (Unaudited)             HTML    180K 
20: R3          Consolidated Balance Sheets (Unaudited)             HTML     65K 
                (Parentheticals)                                                 
21: R4          Consolidated Statements of Income (Unaudited)       HTML    145K 
22: R5          Consolidated Statements of Comprehensive Income     HTML     56K 
                (Unaudited)                                                      
23: R6          Consolidated Statements of Changes in Equity        HTML    252K 
                (Unaudited)                                                      
24: R7          Consolidated Statements of Changes in Equity        HTML     32K 
                (Unaudited) - Parenthetical (Unaudited)                          
25: R8          Consolidated Statements of Cash Flows (Unaudited)   HTML    233K 
26: R9          Consolidated Statements of Cash Flows (Unaudited)   HTML     32K 
                (Parentheticals)                                                 
27: R10         Organization                                        HTML     33K 
28: R11         COVID-19 Pandemic                                   HTML     43K 
29: R12         Basis of Presentation                               HTML     34K 
30: R13         Recently Issued Accounting Literature               HTML     38K 
31: R14         Revenue Recognition                                 HTML    161K 
32: R15         Real Estate Fund Investments                        HTML     57K 
33: R16         Marketable Securities                               HTML     38K 
34: R17         Investments in Partially Owned Entities             HTML    139K 
35: R18         220 Central Park South 220 CPS                      HTML     36K 
36: R19         Identified Intangible Assets and Liabilities        HTML     58K 
37: R20         Debt                                                HTML     69K 
38: R21         Redeemable Noncontrolling Interests                 HTML     70K 
39: R22         Shareholders' Equity/Partners' Capital              HTML    120K 
40: R23         Variable Interest Entities                          HTML     36K 
41: R24         Fair Value Measurements                             HTML    282K 
42: R25         Stock-based Compensation                            HTML     39K 
43: R26         Lease Liability Extinguishment Gain (Transaction    HTML     50K 
                Related Costs and Impairment Losses)                             
44: R27         Interest and Other Investment (Loss) Income, Net    HTML     68K 
45: R28         Interest and Debt Expense                           HTML     49K 
46: R29         (Loss) Income Per Share/(Loss) Income Per Class A   HTML    173K 
                Unit                                                             
47: R30         Commitments and Contingencies                       HTML     49K 
48: R31         Segment Information                                 HTML    166K 
49: R32         Recently Issued Accounting Literature (Policies)    HTML     56K 
50: R33         Revenue Recognition (Tables)                        HTML    177K 
51: R34         Real Estate Fund Investments (Tables)               HTML     51K 
52: R35         Marketable Securities (Tables)                      HTML     36K 
53: R36         Investments in Partially Owned Entities (Tables)    HTML    127K 
54: R37         Identified Intangible Assets and Liabilities        HTML     62K 
                (Tables)                                                         
55: R38         Debt (Tables)                                       HTML     69K 
56: R39         Redeemable Noncontrolling Interests (Tables)        HTML     63K 
57: R40         Shareholders' Equity/Partners' Capital              HTML    119K 
                Shareholders' Equity/Partners' Capital (Tables)                  
58: R41         Fair Value Measurements (Tables)                    HTML    372K 
59: R42         Lease Liability Extinguishment Gain (Transaction    HTML     48K 
                Related Costs and Impairment Losses) (Tables)                    
60: R43         Interest and Other Investment (Loss) Income, Net    HTML     67K 
                (Tables)                                                         
61: R44         Interest and Debt Expense (Tables)                  HTML     49K 
62: R45         (Loss) Income Per Share/(Loss) Income Per Class A   HTML    174K 
                Unit (Tables)                                                    
63: R46         Segment Information (Tables)                        HTML    165K 
64: R47         Organization (Narrative) (Details)                  HTML     33K 
65: R48         COVID-19 Pandemic - Narrative (Details)             HTML     66K 
66: R49         Recently Issued Accounting Literature (Narrative)   HTML     41K 
                (Details)                                                        
67: R50         Revenue Recognition - Revenues by Segment           HTML     94K 
                (Details)                                                        
68: R51         Revenue Recognition - Components of Lease Revenue   HTML     37K 
                (Details)                                                        
69: R52         Real Estate Fund Investments (Narrative) (Details)  HTML     69K 
70: R53         Real Estate Fund Investments (Income from the Fund  HTML     44K 
                and the Co-Investment) (Details)                                 
71: R54         Marketable Securities (Narrative) (Details)         HTML     39K 
72: R55         Marketable Securities (Marketable securities        HTML     40K 
                portfolio) (Details)                                             
73: R56         Investments in Partially Owned Entities Narrative   HTML     77K 
                (Details)                                                        
74: R57         Investments in Partially Owned Entities             HTML     44K 
                (Alexander's Inc.) (Details)                                     
75: R58         Investments in Partially Owned Entities - Latest    HTML     38K 
                Financial Information of Fifth Avenue and Times                  
                Square JV (Details)                                              
76: R59         Investments in Partially Owned Entities (Summary    HTML     55K 
                of Investments) (Details)                                        
77: R60         Investments in Partially Owned Entities (Summary    HTML     61K 
                of Income (Loss)) (Details)                                      
78: R61         220 Central Park South 220 CPS - Narrative          HTML     50K 
                (Details)                                                        
79: R62         Identified Intangible Assets and Liabilities -      HTML     39K 
                Narrative (Details)                                              
80: R63         Identified Intangible Assets and Liabilities -      HTML     44K 
                Schedule of Identified Intangible Assets and                     
                Intangible Liabilities (Details)                                 
81: R64         Identified Intangible Assets and Liabilities -      HTML     46K 
                Schedule of Future Amortization Expense of                       
                Intangible Assets (Details)                                      
82: R65         Debt (Narrative) (Details)                          HTML     44K 
83: R66         Debt (Summary of Debt) (Details)                    HTML     59K 
84: R67         Redeemable Noncontrolling Interests (Narrative)     HTML     60K 
                (Details)                                                        
85: R68         Redeemable Noncontrolling Interests (Activity of    HTML     60K 
                Redeemable Noncontrolling Interests) (Details)                   
86: R69         Shareholders' Equity/Partners' Capital              HTML     38K 
                Shareholders' Equity/Partners' Capital - Narrative               
                (Details)                                                        
87: R70         Shareholders' Equity/Partners' Capital              HTML     66K 
                Shareholders' Equity/Partners' Capital - Schedule                
                of Dividends (Details)                                           
88: R71         Shareholders' Equity/Partners' Capital              HTML     54K 
                Shareholders' Equity/Partners' Capital - AOCI by                 
                Component (Details)                                              
89: R72         Variable Interest Entities - Narrative (Details)    HTML     39K 
90: R73         Fair Value Measurements (Narrative) (Details)       HTML     62K 
91: R74         Fair Value Measurements (Financial Assets and       HTML     74K 
                Liabilities Measured at Fair Value on a Recurring                
                Basis) (Details)                                                 
92: R75         Fair Value Measurements (Unobervable Quantitative   HTML     54K 
                Input Ratios) (Details)                                          
93: R76         Fair Value Measurements (Changes in the Fair Value  HTML     50K 
                of Real Estate Fund Investments and Deferred                     
                Compensation Plan Assets) (Details)                              
94: R77         Fair Value Measurements (Changes in the Fair Value  HTML     38K 
                of Loans Receivable) (Details)                                   
95: R78         Fair Value Measurements (Summary of Derivative      HTML     84K 
                Instruments) (Details)                                           
96: R79         Fair Value Measurements (Fair Value Measurements    HTML     42K 
                on a Nonrecurring Basis) (Details)                               
97: R80         Fair Value Measurements (Carrying amounts and fair  HTML     67K 
                value of financial instruments) (Details)                        
98: R81         Stock-based Compensation (Narrative) (Details)      HTML     89K 
99: R82         Lease Liability Extinguishment Gain (Transaction    HTML     39K 
                Related Costs and Impairment Losses) - Narrative                 
                (Details)                                                        
100: R83         Schedule of Lease Liability Extinguishment Gain     HTML     41K  
                (Transaction Related Costs and Impairment Losses)                
                (Details)                                                        
101: R84         Interest and Other Investment (Loss) Income, Net    HTML     53K  
                (Details)                                                        
102: R85         Interest and Debt Expense (Details)                 HTML     38K  
103: R86         Interest and Debt Expense - Footnote (Details)      HTML     38K  
104: R87         (Loss) Income Per Share/(Loss) Income Per Class A   HTML    105K  
                Unit (Details)                                                   
105: R88         (Loss) Income Per Share/(Loss) Income Per Class A   HTML     35K  
                Unit (Narrative) (Details)                                       
106: R89         Commitments and Contingencies (Narrative)           HTML    113K  
                (Details)                                                        
107: R90         Segment Information (Narrative) (Details)           HTML     31K  
108: R91         Segment Information (Summary of net income and      HTML     70K  
                EBITDA reconciliation by segment) (Details)                      
109: R92         Segment Information - Summary of NOI by Segment     HTML     57K  
                (Details)                                                        
111: XML         IDEA XML File -- Filing Summary                      XML    206K  
17: XML         XBRL Instance -- vno-063020x10q_htm                  XML   5.31M 
110: EXCEL       IDEA Workbook of Financial Reports                  XLSX    153K  
13: EX-101.CAL  XBRL Calculations -- vno-20200630_cal                XML    329K 
14: EX-101.DEF  XBRL Definitions -- vno-20200630_def                 XML   1.46M 
15: EX-101.LAB  XBRL Labels -- vno-20200630_lab                      XML   2.49M 
16: EX-101.PRE  XBRL Presentations -- vno-20200630_pre               XML   1.62M 
12: EX-101.SCH  XBRL Schema -- vno-20200630                          XSD    302K 
112: JSON        XBRL Instance as JSON Data -- MetaLinks              494±   745K  
113: ZIP         XBRL Zipped Folder -- 0000899689-20-000039-xbrl      Zip    577K  


‘R2’   —   Consolidated Balance Sheets (Unaudited)


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Real estate, at cost:    
Land $ 2,588,200 $ 2,591,261
Buildings and improvements 7,975,871 7,953,163
Development costs and construction in progress 1,541,432 1,490,614
Moynihan Train Hall development expenditures 1,087,669 914,960
Leasehold improvements and equipment 127,685 124,014
Total 13,320,857 13,074,012
Less accumulated depreciation and amortization (3,106,393) (3,015,958)
Real estate, net 10,214,464 10,058,054
Right-of-use assets 376,958 379,546
Cash and cash equivalents 1,768,459 1,515,012
Restricted cash 94,882 92,119
Marketable securities 0 33,313
Tenant and other receivables 118,273 95,733
Investments in partially owned entities 3,648,651 3,999,165
Real estate fund investments 17,453 222,649
220 Central Park South condominium units ready for sale 426,623 408,918
Receivable arising from the straight-lining of rents 692,931 742,206
Deferred leasing costs, net of accumulated amortization of $186,740 and $196,229 348,473 353,986
Identified intangible assets, net of accumulated amortization of $97,489 and $98,587 27,660 30,965
Other assets 307,620 355,347
Assets 18,042,447 18,287,013
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,638,352 5,639,897
Senior unsecured notes, net 446,279 445,872
Unsecured term loan, net 796,236 745,840
Unsecured revolving credit facilities 1,075,000 575,000
Lease liabilities 426,059 498,254
Moynihan Train Hall obligation 1,087,669 914,960
Special dividend/distribution payable 0 398,292
Accounts payable and accrued expenses 385,956 440,049
Deferred revenue 49,386 59,429
Deferred compensation plan 94,081 103,773
Other liabilities 395,604 265,754
Total liabilities 10,394,622 10,087,120
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 718,916 888,915
Shareholders' / Partner's Equity    
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 36,793,694 and 36,795,640 shares 891,164 891,214
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 191,151,142 and 190,985,677 shares 7,625 7,618
Additional capital 8,095,774 7,827,697
Earnings less than distributions (2,415,500) (1,954,266)
Accumulated other comprehensive loss (82,646) (40,233)
Total Vornado shareholders' / partners equity 6,496,417 6,732,030
Noncontrolling interests in consolidated subsidiaries 432,492 578,948
Total equity 6,928,909 7,310,978
Total liabilities, redeemable noncontrolling interests / partnership units and equity 18,042,447 18,287,013
Vornado Realty L.P.    
Real estate, at cost:    
Land 2,588,200 2,591,261
Buildings and improvements 7,975,871 7,953,163
Development costs and construction in progress 1,541,432 1,490,614
Moynihan Train Hall development expenditures 1,087,669 914,960
Leasehold improvements and equipment 127,685 124,014
Total 13,320,857 13,074,012
Less accumulated depreciation and amortization (3,106,393) (3,015,958)
Real estate, net 10,214,464 10,058,054
Right-of-use assets 376,958 379,546
Cash and cash equivalents 1,768,459 1,515,012
Restricted cash 94,882 92,119
Marketable securities 0 33,313
Tenant and other receivables 118,273 95,733
Investments in partially owned entities 3,648,651 3,999,165
Real estate fund investments 17,453 222,649
220 Central Park South condominium units ready for sale 426,623 408,918
Receivable arising from the straight-lining of rents 692,931 742,206
Deferred leasing costs, net of accumulated amortization of $186,740 and $196,229 348,473 353,986
Identified intangible assets, net of accumulated amortization of $97,489 and $98,587 27,660 30,965
Other assets 307,620 355,347
Assets 18,042,447 18,287,013
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,638,352 5,639,897
Senior unsecured notes, net 446,279 445,872
Unsecured term loan, net 796,236 745,840
Unsecured revolving credit facilities 1,075,000 575,000
Lease liabilities 426,059 498,254
Moynihan Train Hall obligation 1,087,669 914,960
Special dividend/distribution payable 0 398,292
Accounts payable and accrued expenses 385,956 440,049
Deferred revenue 49,386 59,429
Deferred compensation plan 94,081 103,773
Other liabilities 395,604 265,754
Total liabilities 10,394,622 10,087,120
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 718,916 888,915
Shareholders' / Partner's Equity    
Partners' capital 8,994,563 8,726,529
Earnings less than distributions (2,415,500) (1,954,266)
Accumulated other comprehensive loss (82,646) (40,233)
Total Vornado shareholders' / partners equity 6,496,417 6,732,030
Noncontrolling interests in consolidated subsidiaries 432,492 578,948
Total equity 6,928,909 7,310,978
Total liabilities, redeemable noncontrolling interests / partnership units and equity 18,042,447 18,287,013
Partnership Interest    
Redeemable noncontrolling interests:    
Class A units - 13,773,407 and 13,298,956 units outstanding 620,269 884,380
Series D cumulative redeemable preferred units - 141,401 units outstanding 4,535 4,535
Total redeemable noncontrolling interests 624,804 888,915
Partnership Interest | Vornado Realty L.P.    
Redeemable noncontrolling interests:    
Class A units - 13,773,407 and 13,298,956 units outstanding 620,269 884,380
Series D cumulative redeemable preferred units - 141,401 units outstanding 4,535 4,535
Total redeemable noncontrolling interests 624,804 888,915
Subsidiary    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 94,112 0
Subsidiary | Vornado Realty L.P.    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests $ 94,112 $ 0

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/3/208-K
For Period end:6/30/20
12/31/1910-K,  5
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/23/20  Vornado Realty Trust              424B5                  1:678K                                   Toppan Merrill-FA
11/19/20  Vornado Realty Trust              424B5                  1:678K                                   Toppan Merrill-FA


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/03/20  Vornado Realty Trust              DEF 14A     5/14/20    1:6.4M                                   Toppan Merrill/FA
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Filing Submission 0000899689-20-000039   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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