XML 43 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue    
Lease $ 710,111 $ 679,251
Total revenue 752,556 725,767
Expenses    
Rental 262,966 257,517
General and administrative 36,454 41,762
Transaction costs 615 460
Depreciation and amortization 171,094 164,594
Total expenses 481,187 475,591
Other income (expense)    
Income (loss) from unconsolidated joint ventures (369) 213
Gains (losses) on sales of real estate 410,165 (905)
Interest and other income 3,017 3,753
Gains (losses) from investments in securities (5,445) 2,969
Impairment losses 0 (24,038)
Interest expense (101,591) (101,009)
Net income 577,146 131,159
Net income attributable to noncontrolling interests    
Noncontrolling interests in property partnerships (19,486) (18,830)
Noncontrolling interest - common units of the Operating Partnership (57,539) (11,599)
Net income attributable to the Company 500,121 100,730
Preferred dividends / distributions (2,625) (2,625)
Net income attributable to the Company's common shareholders / unitholders $ 497,496 $ 98,105
Earnings Per Share After Allccation of Undistributed Earnings to Particiapting Securities Basic (dollars per share) $ 3.20 $ 0.63
Basic earnings per common share / unit attributable to the Company    
Net income (in dollars per share / unit) $ 3.21 $ 0.63
Weighted average number of common shares / units outstanding (in shares / units) 155,011 154,525
Diluted earnings per common share / unit attributable to the Company    
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 3.20 $ 0.63
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 155,258 154,844
Boston Properties Limited Partnership    
Revenue    
Lease $ 710,111 $ 679,251
Total revenue 752,556 725,767
Expenses    
Rental 262,966 257,517
General and administrative 36,454 41,762
Transaction costs 615 460
Depreciation and amortization 169,285 162,682
Total expenses 479,378 473,679
Other income (expense)    
Income (loss) from unconsolidated joint ventures (369) 213
Gains (losses) on sales of real estate 419,654 (905)
Interest and other income 3,017 3,753
Gains (losses) from investments in securities (5,445) 2,969
Impairment losses 0 (22,272)
Interest expense (101,591) (101,009)
Net income 588,444 134,837
Net income attributable to noncontrolling interests    
Noncontrolling interests in property partnerships (19,486) (18,830)
Net income attributable to the Company 568,958 116,007
Preferred dividends / distributions (2,625) (2,625)
Net income attributable to the Company's common shareholders / unitholders $ 566,333 $ 113,382
Earnings Per Share After Allccation of Undistributed Earnings to Particiapting Securities Basic (dollars per share) $ 3.28 $ 0.66
Basic earnings per common share / unit attributable to the Company    
Net income (in dollars per share / unit) $ 3.28 $ 0.66
Weighted average number of common shares / units outstanding (in shares / units) 172,549 172,131
Diluted earnings per common share / unit attributable to the Company    
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 3.27 $ 0.66
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 172,796 172,450
Parking and Other [Member]    
Revenue    
Other revenue $ 24,504 $ 24,906
Parking and Other [Member] | Boston Properties Limited Partnership    
Revenue    
Other revenue 24,504 24,906
Hotel [Member]    
Revenue    
Other revenue [1] 6,825 8,938
Expenses    
Operating expense 6,821 7,863
Hotel [Member] | Boston Properties Limited Partnership    
Revenue    
Other revenue 6,825 8,938
Expenses    
Operating expense 6,821 7,863
Real Estate, Other [Member]    
Revenue    
Other revenue 3,237 3,395
Real Estate, Other [Member] | Boston Properties Limited Partnership    
Revenue    
Other revenue 3,237 3,395
Management Service [Member]    
Revenue    
Other revenue 7,879 9,277
Expenses    
Operating expense 3,237 3,395
Management Service [Member] | Boston Properties Limited Partnership    
Revenue    
Other revenue 7,879 9,277
Expenses    
Operating expense $ 3,237 $ 3,395
[1]
Rental Revenue is equal to Total Revenue per the Company’s Consolidated Statements of Operations, less Development and Management Services Revenue and Direct Reimbursements of Payroll and Related Costs from Management Services Contracts Revenue per the Consolidated Statements of Operations.