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As Of Filer Filing For·On·As Docs:Size 2/23/10 Vornado Realty Trust 10-K 12/31/09 49:29M |
Document/Exhibit Description Pages Size 1: 10-K Annual Report HTML 7.62M 3: EX-21 Subsidiaries List HTML 504K 4: EX-23 Consent of Experts or Counsel HTML 22K 2: EX-12 Statement re: Computation of Ratios HTML 57K 5: EX-31 Certification -- §302 - SOA'02 HTML 21K 6: EX-31 Certification -- §302 - SOA'02 HTML 21K 7: EX-32 Certification -- §906 - SOA'02 HTML 18K 8: EX-32 Certification -- §906 - SOA'02 HTML 18K 39: XML IDEA XML File -- Definitions and References XML 143K 45: XML IDEA XML File -- Filing Summary XML 73K 43: XML.R1 Consolidated Balance Sheets XML 385K 44: XML.R2 Consolidated Balance Sheets [Parentheticals] XML 168K 26: XML.R3 Consolidated Statements of Income XML 331K 31: XML.R4 Consolidated Statements of Income [Parentheticals] XML 48K 37: XML.R5 Consolidated Statements of Changes in Equity XML 673K 36: XML.R6 Consolidated Statements of Cash Flows XML 688K 48: XML.R7 Consolidated Statements of Cash Flows XML 48K [Parentheticals] 20: XML.R8 Organization and Business XML 40K 35: XML.R9 Basis of Presentation and Significant Accounting XML 200K Policies 18: XML.R10 Investments in Partially Owned Entities XML 481K 17: XML.R11 Marketable Securities XML 64K 25: XML.R12 Mezzanine Loans Receivable XML 95K 41: XML.R13 Identified Intangible Assets XML 110K 27: XML.R14 Debt XML 651K 28: XML.R15 Redeemable Noncontrolling Interests XML 114K 33: XML.R16 Shareholders' Equity XML 61K 49: XML.R17 Fair Value Measurements XML 136K 23: XML.R18 Discontinued Operations XML 72K 15: XML.R19 Stock-based Compensation XML 121K 30: XML.R20 Fee and Other Income XML 52K 40: XML.R21 Interest and Other Investment (Loss) Income, net XML 66K 21: XML.R22 Income Per Share XML 113K 38: XML.R23 Comprehensive Income XML 50K 29: XML.R24 Leases XML 92K 47: XML.R25 Commitments and Contingencies XML 46K 42: XML.R26 Related Party Transactions XML 36K 32: XML.R27 Retirement Plans XML 33K 34: XML.R28 Summary of Quarterly Results (Unaudited) XML 83K 16: XML.R29 Segment Information XML 970K 19: XML.R30 Schedule II - Valuation and Qualifying Accounts XML 75K 22: XML.R31 Schedule III - Real Estate and Accumulated XML 3.22M Depreciation 24: XML.R32 Document and Entity Information XML 107K 46: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 183K 9: EX-101.INS XBRL Instance -- vno-20091231 XML 6.59M 11: EX-101.CAL XBRL Calculations -- vno-20091231_cal XML 166K 12: EX-101.DEF XBRL Definitions -- vno-20091231_def XML 633K 13: EX-101.LAB XBRL Labels -- vno-20091231_lab XML 597K 14: EX-101.PRE XBRL Presentations -- vno-20091231_pre XML 396K 10: EX-101.SCH XBRL Schema -- vno-20091231 XSD 104K
ex12.htm - Generated by SEC Publisher for SEC Filing |
Our consolidated ratios of earnings to fixed charges and earnings to combined fixed charges and preference dividends for each of the fiscal years ended December 31, 2009, 2008, 2007, 2006 and 2005 are as follows:
|
|
Year Ended December 31, |
| |||||||||||||
(Amounts in thousands) |
|
2009 |
|
2008 |
|
2007 |
|
2006 |
|
2005 |
| |||||
Net income from continuing operations |
|
$ |
24,892 |
|
$ |
190,122 |
|
$ |
481,247 |
|
$ |
602,462 |
|
$ |
557,692 |
|
Fixed charges |
|
|
683,018 |
|
|
728,303 |
|
|
681,452 |
|
|
455,960 |
|
|
356,612 |
|
Income distributions from partially owned entities |
|
|
30,472 |
|
|
44,690 |
|
|
24,044 |
|
|
35,911 |
|
|
40,152 |
|
Capitalized interest |
|
|
(17,256 |
) |
|
(63,063 |
) |
|
(53,648 |
) |
|
(26,195 |
) |
|
(15,582 |
) |
Preferred unit distributions |
|
|
(19,658 |
) |
|
(19,743 |
) |
|
(19,832 |
) |
|
(23,007 |
) |
|
(50,731 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings - Numerator |
|
$ |
701,468 |
|
$ |
880,309 |
|
$ |
1,113,263 |
|
$ |
1,045,131 |
|
$ |
888,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and debt expense |
|
$ |
634,283 |
|
$ |
635,724 |
|
$ |
599,804 |
|
$ |
400,540 |
|
$ |
284,876 |
|
Capitalized interest |
|
|
17,256 |
|
|
63,063 |
|
|
53,648 |
|
|
26,195 |
|
|
15,582 |
|
1/3 of rental expense – interest factor |
|
|
11,821 |
|
|
9,773 |
|
|
8,168 |
|
|
6,218 |
|
|
5,423 |
|
Preferred unit distributions |
|
|
19,658 |
|
|
19,743 |
|
|
19,832 |
|
|
23,007 |
|
|
50,731 |
|
Fixed charges - Denominator |
|
|
683,018 |
|
|
728,303 |
|
|
681,452 |
|
|
455,960 |
|
|
356,612 |
|
Preferred share dividends |
|
|
57,076 |
|
|
57,091 |
|
|
57,177 |
|
|
57,511 |
|
|
46,501 |
|
Combined fixed charges and preference dividends - Denominator |
|
$ |
740,094 |
|
$ |
785,394 |
|
$ |
738,629 |
|
$ |
513,471 |
|
$ |
403,113 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges |
|
|
1.03 |
(1) |
|
1.21 |
(1) |
|
1.63 |
|
|
2.29 |
|
|
2.49 |
|
Ratio of earnings to combined fixed charges and preference dividends |
|
|
0.95 |
(2) |
|
1.12 |
(2) |
|
1.51 |
|
|
2.04 |
|
|
2.20 |
|
Earnings equals (i) income from continuing operations before income taxes and income from partially owned entities, plus, (ii) fixed charges, (iii) income distributions from partially owned entities, minus (iv) capitalized interest and (v) preferred unit distributions of the Operating Partnership. Fixed charges equals (i) interest and debt expense, plus (ii) capitalized interest, (iii) the portion of operating lease rental expense that is representative of the interest factor, which is one-third of operating lease rentals and (iv) preferred unit distributions of the Operating Partnership. Combined fixed charges and preference dividends equals fixed charges plus preferred share dividends.
_______________________
(1) Excluding non-cash impairment charges recognized in the years ended December 31, 2009 and 2008, the ratios of earnings to fixed charges were 1.44 and 1.40, respectively.
(2) Excluding non-cash impairment charges recognized in the years ended December 31, 2009 and 2008, the ratios of earnings to combined fixed charges and preference dividends were 1.33 and 1.30, respectively.
This ‘10-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 2/23/10 | |||
For Period end: | 12/31/09 | 10-K/A, 5 | ||
12/31/08 | 10-K, 10-K/A, 8-K | |||
12/31/07 | 10-K, 5 | |||
12/31/06 | 10-K, 3, 4 | |||
12/31/05 | 10-K, ARS | |||
List all Filings |