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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $6,426,427 and $7,481,015 at June 30, 2019 and December 31, 2018, respectively) $ 21,943,208 $ 21,649,896
Right of use assets - finance leases (amount related to VIEs of $21,000 at June 30, 2019) 187,269 0
Right of use assets - operating leases 149,839 0
Less: accumulated depreciation (amounts related to VIEs of $(1,011,743) and $(965,500) at June 30, 2019 and December 31, 2018, respectively) (5,050,606) (4,897,777)
Total real estate 17,229,710 16,752,119
Cash and cash equivalents (amounts related to VIEs of $245,444 and $296,806 at June 30, 2019 and December 31, 2018, respectively) 1,087,001 543,359
Cash held in escrows 75,923 95,832
Investments in securities 33,411 28,198
Tenant and other receivables (amounts related to VIEs of $10,309 and $15,519 at June 30, 2019 and December 31, 2018, respectively) 87,727 86,629
Note receivable 19,718 19,468
Related party note receivable 80,000 80,000
Accrued rental income (amounts related to VIEs of $283,891 and $272,466 at June 30, 2019 and December 31, 2018, respectively) 973,167 934,896
Deferred charges, net (amounts related to VIEs of $226,426 and $263,402 at June 30, 2019 and December 31, 2018, respectively) 676,082 678,724
Prepaid expenses and other assets (amounts related to VIEs of $25,635 and $26,513 at June 30, 2019 and December 31, 2018, respectively) 68,701 80,943
Investments in unconsolidated joint ventures 936,835 956,309
Total assets 21,268,275 20,256,477
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,924,151 and $2,929,326 at June 30, 2019 and December 31, 2018, respectively) 2,956,833 2,964,572
Unsecured senior notes, net 8,390,708 7,544,697
Unsecured line of credit 0 0
Unsecured term loan, net 498,700 498,488
Lease liabilities - finance leases (amount related to VIEs of $20,107 at June 30, 2019) 172,902 0
Lease liabilities - operating leases 199,344 0
Accounts payable and accrued expenses (amounts related to VIEs of $45,917 and $75,786 at June 30, 2019 and December 31, 2018, respectively) 418,429 276,645
Dividends and distributions payable 165,419 165,114
Accrued interest payable 89,289 89,267
Other liabilities (amounts related to VIEs of $128,504 and $200,344 at June 30, 2019 and December 31, 2018, respectively) 355,984 503,726
Total liabilities 13,247,608 12,042,509
Commitments and contingencies 0 0
Equity / Capital:    
Excess stock, $0.01 par value, 150,000,000 shares authorized, none issued or outstanding 0 0
Preferred stock, $.01 par value, 50,000,000 shares authorized    
5.25% Series B cumulative redeemable preferred stock/unit, liquidation preference $2,500 per share/unit, 92,000 shares authorized, 80,000 shares/units issued and outstanding at June 30, 2019 and December 31, 2018 200,000 200,000
Common stock, $0.01 par value, 250,000,000 shares authorized, 154,642,030 and 154,537,378 issued and 154,563,130 and 154,458,478 outstanding at June 30, 2019 and December 31, 2018, respectively 1,546 1,545
Additional paid-in capital 6,278,961 6,407,623
Dividends in excess of earnings (710,592) (675,534)
Treasury common stock at cost, 78,900 shares at June 30, 2019 and December 31, 2018 (2,722) (2,722)
Accumulated other comprehensive loss (51,340) (47,741)
Total stockholders’ equity attributable to Boston Properties, Inc. 5,715,853 5,883,171
Noncontrolling interests:    
Common units of Boston Properties Limited Partnership 608,593 619,352
Property partnerships 1,696,221 1,711,445
Total equity 8,020,667 8,213,968
Total liabilities and equity / capital 21,268,275 20,256,477
Boston Properties Limited Partnership    
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $6,426,427 and $7,481,015 at June 30, 2019 and December 31, 2018, respectively) 21,547,409 21,251,540
Right of use assets - finance leases (amount related to VIEs of $21,000 at June 30, 2019) 187,269 0
Right of use assets - operating leases 149,839 0
Less: accumulated depreciation (amounts related to VIEs of $(1,011,743) and $(965,500) at June 30, 2019 and December 31, 2018, respectively) (4,949,822) (4,800,475)
Total real estate 16,934,695 16,451,065
Cash and cash equivalents (amounts related to VIEs of $245,444 and $296,806 at June 30, 2019 and December 31, 2018, respectively) 1,087,001 543,359
Cash held in escrows 75,923 95,832
Investments in securities 33,411 28,198
Tenant and other receivables (amounts related to VIEs of $10,309 and $15,519 at June 30, 2019 and December 31, 2018, respectively) 87,727 86,629
Note receivable 19,718 19,468
Related party note receivable 80,000 80,000
Accrued rental income (amounts related to VIEs of $283,891 and $272,466 at June 30, 2019 and December 31, 2018, respectively) 973,167 934,896
Deferred charges, net (amounts related to VIEs of $226,426 and $263,402 at June 30, 2019 and December 31, 2018, respectively) 676,082 678,724
Prepaid expenses and other assets (amounts related to VIEs of $25,635 and $26,513 at June 30, 2019 and December 31, 2018, respectively) 68,701 80,943
Investments in unconsolidated joint ventures 936,835 956,309
Total assets 20,973,260 19,955,423
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,924,151 and $2,929,326 at June 30, 2019 and December 31, 2018, respectively) 2,956,833 2,964,572
Unsecured senior notes, net 8,390,708 7,544,697
Unsecured line of credit 0 0
Unsecured term loan, net 498,700 498,488
Lease liabilities - finance leases (amount related to VIEs of $20,107 at June 30, 2019) 172,902 0
Lease liabilities - operating leases 199,344 0
Accounts payable and accrued expenses (amounts related to VIEs of $45,917 and $75,786 at June 30, 2019 and December 31, 2018, respectively) 418,429 276,645
Dividends and distributions payable 165,419 165,114
Accrued interest payable 89,289 89,267
Other liabilities (amounts related to VIEs of $128,504 and $200,344 at June 30, 2019 and December 31, 2018, respectively) 355,984 503,726
Total liabilities 13,247,608 12,042,509
Commitments and contingencies 0 0
Noncontrolling interest:    
Redeemable partnership units—16,828,230 and 16,783,558 common units and 1,189,117 and 991,577 long term incentive units outstanding at redemption value at June 30, 2019 and December 31, 2018, respectively 2,324,238 2,000,591
Preferred stock, $.01 par value, 50,000,000 shares authorized    
5.25% Series B cumulative redeemable preferred stock/unit, liquidation preference $2,500 per share/unit, 92,000 shares authorized, 80,000 shares/units issued and outstanding at June 30, 2019 and December 31, 2018 193,623 193,623
Boston Properties Limited Partnership partners’ capital — 1,725,805 and 1,722,336 general partner units and 152,837,325 and 152,736,142 limited partner units outstanding at June 30, 2019 and December 31, 2018, respectively 3,562,910 4,054,996
Accumulated other comprehensive loss (51,340) (47,741)
Noncontrolling interests:    
Total partners’ capital 3,705,193 4,200,878
Partners' Capital Attributable to Noncontrolling Interest 1,696,221 1,711,445
Total equity / capital 5,401,414 5,912,323
Total liabilities and equity / capital $ 20,973,260 $ 19,955,423