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Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Schedule Of Reconciliation Of Net Operating Income To Net Income

Boston Properties, Inc.

		Year ended December 31,
		2018				2017				2016
		(in thousands)
Net income attributable to Boston Properties, Inc. common shareholders		$	572,347			$	451,939			$	502,285
Add:
Preferred dividends		10,500				10,500				10,500
Noncontrolling interest—common units of the Operating Partnership		66,807				52,210				59,260
Noncontrolling interests in property partnerships		62,909				47,832				(2,068		)
Losses from interest rate contracts		—				—				140
Interest expense		378,168				374,481				412,849
Impairment losses		11,812				—				1,783
Depreciation and amortization expense		645,649				617,547				694,403
Transaction costs		1,604				668				2,387
Payroll and related costs from management services contracts		9,590				—				—
General and administrative expense		121,722				113,715				105,229
Less:
Gains (losses) from early extinguishments of debt		(16,490		)		496				(371		)
Gains (losses) from investments in securities		(1,865		)		3,678				2,273
Interest and other income		10,823				5,783				7,230
Gains on sales of real estate		182,356				7,663				80,606
Gain on sale of investment in unconsolidated joint venture		—				—				59,370
Income from unconsolidated joint ventures		2,222				11,232				8,074
Direct reimbursements of payroll and related costs from management services contracts		9,590				—				—
Development and management services revenue		45,158				34,605				28,284
Net Operating Income		$	1,649,314			$	1,605,435			$	1,601,302

Boston Properties Limited Partnership

	Year ended December 31,
		2018				2017				2016
		(in thousands)
Net income attributable to Boston Properties Limited Partnership common unitholders		$	656,903			$	512,866			$	575,341
Add:
Preferred distributions		10,500				10,500				10,500
Noncontrolling interests in property partnerships		62,909				47,832				(2,068		)
Losses from interest rate contracts		—				—				140
Interest expense		378,168				374,481				412,849
Impairment losses		10,181				—				1,783
Depreciation and amortization expense		637,891				609,407				682,776
Transaction costs		1,604				668				2,387
Payroll and related costs from management services contracts		9,590				—				—
General and administrative expense		121,722				113,715				105,229
Less:
Gains (losses) from early extinguishments of debt		(16,490		)		496				(371		)
Gains (losses) from investments in securities		(1,865		)		3,678				2,273
Interest and other income		10,823				5,783				7,230
Gains on sales of real estate		190,716				8,240				82,775
Gain on sale of investment in unconsolidated joint venture		—				—				59,370
Income from unconsolidated joint ventures		2,222				11,232				8,074
Direct reimbursements of payroll and related costs from management services contracts		9,590				—				—
Development and management services revenue		45,158				34,605				28,284
Net Operating Income		$	1,649,314			$	1,605,435			$	1,601,302

Schedule Of Segment Information By Geographic Area And Property Type

Information by geographic area and property type (dollars in thousands):

For the year ended December 31, 2018:

	Boston				New York				San Francisco				Washington, DC				Total
Rental Revenue:
Office	$	838,341			$	959,050			$	397,180			$	396,088			$	2,590,659
Residential	6,694				—				—				15,857				22,551
Hotel	49,118				—				—				—				49,118
Total	894,153				959,050				397,180				411,945				2,662,328
% of Grand Totals	33.59		%		36.02		%		14.92		%		15.47		%		100.00		%
Rental Expenses:
Office	315,653				377,992				130,016				142,886				966,547
Residential	3,632				—				—				8,972				12,604
Hotel	33,863				—				—				—				33,863
Total	353,148				377,992				130,016				151,858				1,013,014
% of Grand Totals	34.86		%		37.32		%		12.83		%		14.99		%		100.00		%
Net operating income	$	541,005			$	581,058			$	267,164			$	260,087			$	1,649,314
% of Grand Totals	32.80		%		35.23		%		16.20		%		15.77		%		100.00		%

For the year ended December 31, 2017:

	Boston				New York				San Francisco				Washington, DC				Total
Rental Revenue:
Office	$	776,279			$	969,371			$	345,519			$	414,103			$	2,505,272
Residential	4,745				—				—				11,851				16,596
Hotel	45,603				—				—				—				45,603
Total	826,627				969,371				345,519				425,954				2,567,471
% of Grand Totals	32.20		%		37.75		%		13.46		%		16.59		%		100.00		%
Rental Expenses:
Office	301,097				372,810				105,253				144,515				923,675
Residential	2,044				—				—				4,258				6,302
Hotel	32,059				—				—				—				32,059
Total	335,200				372,810				105,253				148,773				962,036
% of Grand Totals	34.84		%		38.76		%		10.94		%		15.46		%		100.00		%
Net operating income	$	491,427			$	596,561			$	240,266			$	277,181			$	1,605,435
% of Grand Totals	30.61		%		37.15		%		14.97		%		17.27		%		100.00		%

For the year ended December 31, 2016:

	Boston				New York				San Francisco				Washington, DC				Total
Rental Revenue:
Office	$	727,265			$	1,012,518			$	318,609			$	402,561			$	2,460,953
Residential	4,812				—				—				11,887				16,699
Hotel	44,884				—				—				—				44,884
Total	776,961				1,012,518				318,609				414,448				2,522,536
% of Grand Totals	30.80		%		40.14		%		12.63		%		16.43		%		100.00		%
Rental Expenses:
Office	282,827				363,188				100,787				135,890				882,692
Residential	2,708				—				—				4,368				7,076
Hotel	31,466				—				—				—				31,466
Total	317,001				363,188				100,787				140,258				921,234
% of Grand Totals	34.41		%		39.42		%		10.94		%		15.23		%		100.00		%
Net operating income	$	459,960			$	649,330			$	217,822			$	274,190			$	1,601,302
% of Grand Totals	28.73		%		40.55		%		13.60		%		17.12		%		100.00		%

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- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

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