XML 18 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Lease $ 630,119 $ 680,189 $ 1,340,230 $ 1,359,440
Total revenue 654,773 733,741 1,407,329 1,459,508
Expenses        
Rental 239,787 257,971 502,753 515,488
General and administrative 37,743 35,071 74,197 76,833
Transaction costs 332 417 947 877
Depreciation and amortization 178,188 177,411 349,282 342,005
Total expenses 460,507 482,353 941,694 957,944
Other income (expense)        
Income from unconsolidated joint ventures 1,832 47,964 1,463 48,177
Gain on sales of real estate 203,767 1,686 613,932 781
Interest and other income 1,305 3,615 4,322 7,368
Gains (losses) from investments in securities 4,552 1,165 (893) 4,134
Impairment losses 0 0 0 (24,038)
Interest expense (107,142) (102,357) (208,733) (203,366)
Net income 298,580 203,461 875,726 334,620
Net (income) loss attributable to noncontrolling interests        
Noncontrolling interests in property partnerships 767 (17,482) (18,719) (36,312)
Noncontrolling interest - common units of the Operating Partnership (30,197) (19,036) (87,525) (30,627)
Net income attributable to the Company 269,150 166,943 769,482 267,681
Preferred dividends / distributions (2,625) (2,625) (5,250) (5,250)
Net income attributable to the Company's common shareholders / unitholders $ 266,525 $ 164,318 $ 764,232 $ 262,431
Earnings Per Share After Allccation of Undistributed Earnings to Particiapting Securities Basic (dollars per share) $ 1.71 $ 1.06 $ 4.92 $ 1.70
Basic earnings per common share / unit attributable to the Company        
Net income (in dollars per share / unit) $ 1.72 $ 1.06 $ 4.92 $ 1.70
Weighted average number of common shares / units outstanding (in shares / units) 155,386 154,555 155,199 154,540
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 1.71 $ 1.06 $ 4.91 $ 1.69
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 155,407 154,874 155,333 154,859
Boston Properties Limited Partnership        
Revenue        
Lease $ 630,119 $ 680,189 $ 1,340,230 $ 1,359,440
Total revenue 654,773 733,741 1,407,329 1,459,508
Expenses        
Rental 239,787 257,971 502,753 515,488
General and administrative 37,743 35,071 74,197 76,833
Transaction costs 332 417 947 877
Depreciation and amortization 176,409 175,199 345,694 337,881
Total expenses 458,728 480,141 938,106 953,820
Other income (expense)        
Income from unconsolidated joint ventures 1,832 47,964 1,463 48,177
Gain on sales of real estate 207,241 1,835 626,895 930
Interest and other income 1,305 3,615 4,322 7,368
Gains (losses) from investments in securities 4,552 1,165 (893) 4,134
Impairment losses 0 0 0 (22,272)
Interest expense (107,142) (102,357) (208,733) (203,366)
Net income 303,833 205,822 892,277 340,659
Net (income) loss attributable to noncontrolling interests        
Noncontrolling interests in property partnerships 767 (17,482) (18,719) (36,312)
Net income attributable to the Company 304,600 188,340 873,558 304,347
Preferred dividends / distributions (2,625) (2,625) (5,250) (5,250)
Net income attributable to the Company's common shareholders / unitholders $ 301,975 $ 185,715 $ 868,308 $ 299,097
Earnings Per Share After Allccation of Undistributed Earnings to Particiapting Securities Basic (dollars per share) $ 1.75 $ 1.08 $ 5.02 $ 1.74
Basic earnings per common share / unit attributable to the Company        
Net income (in dollars per share / unit) $ 1.75 $ 1.08 $ 5.03 $ 1.74
Weighted average number of common shares / units outstanding (in shares / units) 172,659 172,202 172,604 172,167
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 1.75 $ 1.08 $ 5.02 $ 1.73
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 172,680 172,521 172,738 172,486
Parking and Other [Member]        
Revenue        
Other revenue $ 13,946 $ 26,319 $ 38,450 $ 51,225
Parking and Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 13,946 26,319 38,450 51,225
Hotel [Member]        
Revenue        
Other revenue [1] 99 14,844 6,924 23,782
Expenses        
Operating expense 1,973 9,080 8,794 16,943
Hotel [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 99 14,844 6,924 23,782
Expenses        
Operating expense 1,973 9,080 8,794 16,943
Real Estate, Other [Member]        
Revenue        
Other revenue 2,484 2,403 5,721 5,798
Expenses        
Operating expense 2,484 2,403 5,721 5,798
Real Estate, Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 2,484 2,403 5,721 5,798
Management Service [Member]        
Revenue        
Other revenue 8,125 9,986 16,004 19,263
Management Service [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 8,125 9,986 16,004 19,263
Expenses        
Operating expense $ 2,484 $ 2,403 $ 5,721 $ 5,798
[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.