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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Net income $ 993,786 $ 475,990
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 515,738 507,867
Amortization of right of use assets - operating leases 1,667 1,821
Impairment loss 0 24,038
Non-cash compensation expense 36,152 33,253
(Income) Loss from unconsolidated joint ventures 5,410 (47,528)
Distributions of net cash flow from operations of unconsolidated joint ventures 22,285 16,770
Gains from investments in securities (965) (4,240)
Allowance for current expected credit losses 1,997 0
Non-cash portion of interest expense 17,397 16,594
Settlement of accreted debt discount on redemption of unsecured senior notes 0 (763)
Loss from early extinguishment of debt 0 28,010
Gains on sales of real estate (613,723) (766)
Change in assets and liabilities:    
Tenant and other receivables, net 18,543 (20,677)
Notes receivable, net (395) (376)
Accrued rental income, net (85,843) (19,327)
Prepaid expenses and other assets (60,365) (63,857)
Lease liabilities - operating leases 1,157 1,191
Accounts payable and accrued expenses 8,273 32,467
Accrued interest payable (1,202) (6,104)
Other liabilities (24,868) (78,449)
Tenant leasing costs (52,621) (76,122)
Total adjustments (211,363) 343,802
Net cash provided by operating activities 782,423 819,792
Cash flows from investing activities:    
Acquisitions of real estate (135,698) (148,912)
Construction in progress (358,824) (390,275)
Building and other capital improvements (116,894) (129,340)
Tenant improvements (172,401) (191,532)
Right of use assets - finance leases 0 (5,152)
Proceeds from sales of real estate 505,679 83,486
Capital contributions to unconsolidated joint ventures (158,374) (65,499)
Capital distributions from unconsolidated joint ventures 55,123 136,807
Cash and cash equivalents deconsolidated 0 (24,112)
Issuance of notes receivable, net (9,800) 0
Investments in securities, net 2,778 (1,937)
Net cash used in investing activities (388,411) (736,466)
Cash flows from financing activities:    
Repayments of mortgage notes payable (12,795) (15,510)
Proceeds from unsecured senior notes 1,248,125 1,548,106
Redemption of unsecured senior notes 0 (699,237)
Borrowings on unsecured line of credit 265,000 380,000
Repayments of unsecured line of credit (265,000) (380,000)
Payments on finance lease obligations 0 (502)
Deferred financing costs (10,416) (13,130)
Debt prepayment and extinguishment costs 0 (27,270)
Net proceeds from equity transactions 3,276 2,562
Dividends and distributions (516,572) (499,627)
Contributions from noncontrolling interests in property partnerships 7,364 26,968
Distributions to noncontrolling interests in property partnerships (40,091) (53,149)
Acquisition of noncontrolling interest in property partnership 0 (186,963)
Net cash provided by financing activities 678,891 82,248
Net increase (decrease) in cash and cash equivalents and cash held in escrows 1,072,903 165,574
Cash and cash equivalents and cash held in escrows, beginning of period 691,886 639,191
Cash and cash equivalents and cash held in escrows, end of period 1,764,789 804,765
Reconciliation of cash and cash equivalents and cash held in escrow    
Cash and cash equivalents, beginning of period 644,950 543,359
Cash held in escrows, beginning of period 46,936 95,832
Cash and cash equivalents, end of period 1,714,783 751,210
Cash held in escrows,end of period 50,006 53,555
Supplemental disclosures:    
Cash paid for interest 335,591 338,033
Interest capitalized 41,329 41,253
Non-cash investing and financing activities:    
Write-off of fully depreciated real estate (73,584) (86,496)
Change in real estate included in accounts payable and accrued expenses (30,924) 95,857
Right of use assets obtained in exchange for lease liabilities 0 287,540
Prepaid rent reclassified to right of use asset 0 15,000
Accrued rental income, net deconsolidated (4,558) 0
Tenant leasing costs, net deconsolidated (3,462) 0
Building and other capital improvements, net deconsolidated (111,889) (12,767)
Tenant improvements, net deconsolidated (12,331) 0
Right of use asset - finance lease deconsolidated 0 (135,004)
Lease liability - finance lease deconsolidated 0 119,534
Investment in unconsolidated joint venture recorded upon deconsolidation 347,898 29,246
Dividends and distributions declared but not paid 171,070 165,421
Conversions of noncontrolling interests to stockholders’ equity 26,682 1,435
Issuance of restricted securities to employees and non-employee directors 43,244 38,923
Boston Properties Limited Partnership    
Net income 1,012,087 483,871
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 510,400 501,901
Amortization of right of use assets - operating leases 1,667 1,821
Impairment loss 0 22,272
Non-cash compensation expense 36,152 33,253
(Income) Loss from unconsolidated joint ventures 5,410 (47,528)
Distributions of net cash flow from operations of unconsolidated joint ventures 22,285 16,770
Gains from investments in securities (965) (4,240)
Allowance for current expected credit losses 1,997 0
Non-cash portion of interest expense 17,397 16,594
Settlement of accreted debt discount on redemption of unsecured senior notes 0 (763)
Loss from early extinguishment of debt 0 28,010
Gains on sales of real estate (626,686) (915)
Change in assets and liabilities:    
Tenant and other receivables, net 18,543 (20,677)
Notes receivable, net (395) (376)
Accrued rental income, net (85,843) (19,327)
Prepaid expenses and other assets (60,365) (63,857)
Lease liabilities - operating leases 1,157 1,191
Accounts payable and accrued expenses 8,273 32,467
Accrued interest payable (1,202) (6,104)
Other liabilities (24,868) (78,449)
Tenant leasing costs (52,621) (76,122)
Total adjustments (229,664) 335,921
Net cash provided by operating activities 782,423 819,792
Cash flows from investing activities:    
Acquisitions of real estate (135,698) (148,912)
Construction in progress (358,824) (390,275)
Building and other capital improvements (116,894) (129,340)
Tenant improvements (172,401) (191,532)
Right of use assets - finance leases 0 (5,152)
Proceeds from sales of real estate 505,679 83,486
Capital contributions to unconsolidated joint ventures (158,374) (65,499)
Capital distributions from unconsolidated joint ventures 55,123 136,807
Cash and cash equivalents deconsolidated 0 (24,112)
Issuance of notes receivable, net (9,800) 0
Investments in securities, net 2,778 (1,937)
Net cash used in investing activities (388,411) (736,466)
Cash flows from financing activities:    
Repayments of mortgage notes payable (12,795) (15,510)
Proceeds from unsecured senior notes 1,248,125 1,548,106
Redemption of unsecured senior notes 0 (699,237)
Borrowings on unsecured line of credit 265,000 380,000
Repayments of unsecured line of credit (265,000) (380,000)
Payments on finance lease obligations 0 (502)
Deferred financing costs (10,416) (13,130)
Debt prepayment and extinguishment costs 0 (27,270)
Net proceeds from equity transactions 3,276 2,562
Dividends and distributions (516,572) (499,627)
Contributions from noncontrolling interests in property partnerships 7,364 26,968
Distributions to noncontrolling interests in property partnerships (40,091) (53,149)
Acquisition of noncontrolling interest in property partnership 0 (186,963)
Net cash provided by financing activities 678,891 82,248
Net increase (decrease) in cash and cash equivalents and cash held in escrows 1,072,903 165,574
Cash and cash equivalents and cash held in escrows, beginning of period 691,886 639,191
Cash and cash equivalents and cash held in escrows, end of period 1,764,789 804,765
Reconciliation of cash and cash equivalents and cash held in escrow    
Cash and cash equivalents, beginning of period 644,950 543,359
Cash held in escrows, beginning of period 46,936 95,832
Cash and cash equivalents, end of period 1,714,783 751,210
Cash held in escrows,end of period 50,006 53,555
Supplemental disclosures:    
Cash paid for interest 335,591 338,033
Interest capitalized 41,329 41,253
Non-cash investing and financing activities:    
Write-off of fully depreciated real estate (73,584) (86,496)
Change in real estate included in accounts payable and accrued expenses (30,924) 95,857
Right of use assets obtained in exchange for lease liabilities 0 287,540
Prepaid rent reclassified to right of use asset 0 15,000
Accrued rental income, net deconsolidated (4,558) 0
Tenant leasing costs, net deconsolidated (3,462) 0
Building and other capital improvements, net deconsolidated (111,889) (12,767)
Tenant improvements, net deconsolidated (12,331) 0
Right of use asset - finance lease deconsolidated 0 (135,004)
Lease liability - finance lease deconsolidated 0 119,534
Investment in unconsolidated joint venture recorded upon deconsolidation 347,898 29,246
Dividends and distributions declared but not paid 171,070 165,421
Conversions of noncontrolling interests to stockholders’ equity 26,682 1,435
Issuance of restricted securities to employees and non-employee directors $ 43,244 $ 38,923