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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Schedule Of Reconciliation Of Net Operating Income To Net Income | Boston Properties, Inc.
|  |  |  | Year ended December 31,
|  |  |  |  |  | 2020 |  | 2019 |  | 2018
|  |  |  |  | (in thousands)
Net income attributable to Boston Properties, Inc. common shareholders |  |  |  |  |  | $ | 862,227 |  |  | $ | 511,034 |  |  | $ | 572,347 |
Add: |  |  |  |  |  |  |  |  |  |
Preferred dividends |  |  |  |  |  | 10,500 |  |  | 10,500 |  |  | 10,500 |
Noncontrolling interest—common units of the Operating Partnership |  |  |  |  |  | 97,704 |  |  | 59,345 |  |  | 66,807 |
Noncontrolling interests in property partnerships |  |  |  |  |  | 48,260 |  |  | 71,120 |  |  | 62,909 |
Interest expense |  |  |  |  |  | 431,717 |  |  | 412,717 |  |  | 378,168 |
Loss from early extinguishment of debt |  |  |  |  |  | — |  |  | 29,540 |  |  | 16,490 |
Impairment loss |  |  |  |  |  | — |  |  | 24,038 |  |  | 11,812 |
Net operating income from unconsolidated joint ventures |  |  |  |  |  | 94,943 |  |  | 97,716 |  |  | 79,893 |
Depreciation and amortization expense |  |  |  |  |  | 683,751 |  |  | 677,764 |  |  | 645,649 |
Transaction costs |  |  |  |  |  | 1,531 |  |  | 1,984 |  |  | 1,604 |
Payroll and related costs from management services contracts |  |  |  |  |  | 11,626 |  |  | 10,386 |  |  | 9,590 |
General and administrative expense |  |  |  |  |  | 133,112 |  |  | 140,777 |  |  | 121,722 |
Less: |  |  |  |  |  |  |  |  |  |
Net operating income attributable to noncontrolling interests in property partnerships |  |  |  |  |  | 162,887 |  |  | 183,989 |  |  | 177,365 |
Gains (losses) from investments in securities |  |  |  |  |  | 5,261 |  |  | 6,417 |  |  | (1,865) |
Interest and other income (loss) |  |  |  |  |  | 5,953 |  |  | 18,939 |  |  | 10,823 |
Gains on sales of real estate |  |  |  |  |  | 618,982 |  |  | 709 |  |  | 182,356 |
Income (loss) from unconsolidated joint ventures |  |  |  |  |  | (85,110) |  |  | 46,592 |  |  | 2,222 |
Direct reimbursements of payroll and related costs from management services contracts |  |  |  |  |  | 11,626 |  |  | 10,386 |  |  | 9,590 |
Development and management services revenue |  |  |  |  |  | 29,641 |  |  | 40,039 |  |  | 45,158 |
Company’s share of Net Operating Income |  |  |  |  |  | $ | 1,626,131 |  |  | $ | 1,739,850 |  |  | $ | 1,551,842 |
Boston Properties Limited Partnership
|  |  |  | Year ended December 31,
|  |  |  |  |  | 2020 |  | 2019 |  | 2018
|  |  |  |  |  | (in thousands)
Net income attributable to Boston Properties Limited Partnership common unitholders |  |  |  |  |  | $ | 979,979 |  |  | $ | 580,102 |  |  | $ | 656,903 |
Add: |  |  |  |  |  |  |  |  |  |
Preferred distributions |  |  |  |  |  | 10,500 |  |  | 10,500 |  |  | 10,500 |
Noncontrolling interests in property partnerships |  |  |  |  |  | 48,260 |  |  | 71,120 |  |  | 62,909 |
Interest expense |  |  |  |  |  | 431,717 |  |  | 412,717 |  |  | 378,168 |
Loss from early extinguishment of debt |  |  |  |  |  | — |  |  | 29,540 |  |  | 16,490 |
Impairment loss |  |  |  |  |  | — |  |  | 22,272 |  |  | 10,181 |
Net operating income from unconsolidated joint ventures |  |  |  |  |  | 94,943 |  |  | 97,716 |  |  | 79,893 |
Depreciation and amortization expense |  |  |  |  |  | 676,666 |  |  | 669,956 |  |  | 637,891 |
Transaction costs |  |  |  |  |  | 1,531 |  |  | 1,984 |  |  | 1,604 |
Payroll and related costs from management services contracts |  |  |  |  |  | 11,626 |  |  | 10,386 |  |  | 9,590 |
General and administrative expense |  |  |  |  |  | 133,112 |  |  | 140,777 |  |  | 121,722 |
Less: |  |  |  |  |  |  |  |  |  |
Net operating income attributable to noncontrolling interests in property partnerships |  |  |  |  |  | 162,887 |  |  | 183,989 |  |  | 177,365 |
Gains (losses) from investments in securities |  |  |  |  |  | 5,261 |  |  | 6,417 |  |  | (1,865) |
Interest and other income (loss) |  |  |  |  |  | 5,953 |  |  | 18,939 |  |  | 10,823 |
Gains on sales of real estate |  |  |  |  |  | 631,945 |  |  | 858 |  |  | 190,716 |
Income (loss) from unconsolidated joint ventures |  |  |  |  |  | (85,110) |  |  | 46,592 |  |  | 2,222 |
Direct reimbursements of payroll and related costs from management services contracts |  |  |  |  |  | 11,626 |  |  | 10,386 |  |  | 9,590 |
Development and management services revenue |  |  |  |  |  | 29,641 |  |  | 40,039 |  |  | 45,158 |
Company’s share of Net Operating Income |  |  |  |  |  | $ | 1,626,131 |  |  | $ | 1,739,850 |  |  | $ | 1,551,842 |
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, 2020:
| Boston |  | Los Angeles |  | New York |  | San Francisco |  | Washington, DC |  | Total
Rental Revenue: (1) |  |  |  |  |  |  |  |  |  |  |
Office | $ | 897,915 |  |  | $ | — |  |  | $ | 935,966 |  |  | $ | 508,327 |  |  | $ | 336,587 |  |  | $ | 2,678,795 |
Residential | 13,616 |  |  | — |  |  | — |  |  | 155 |  |  | 24,375 |  |  | 38,146 |
Hotel | 7,478 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,478 |
Total | 919,009 |  |  | — |  |  | 935,966 |  |  | 508,482 |  |  | 360,962 |  |  | 2,724,419 |
% of Grand Totals | 33.73 | % |  | — | % |  | 34.36 | % |  | 18.66 | % |  | 13.25 | % |  | 100.00 | %
Rental Expenses: |  |  |  |  |  |  |  |  |  |  |
Office | 318,509 |  |  | — |  |  | 384,753 |  |  | 163,156 |  |  | 132,051 |  |  | 998,469 |
Residential | 5,378 |  |  | — |  |  | — |  |  | 2,261 |  |  | 11,100 |  |  | 18,739 |
Hotel | 13,136 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,136 |
Total | 337,023 |  |  | — |  |  | 384,753 |  |  | 165,417 |  |  | 143,151 |  |  | 1,030,344 |
% of Grand Totals | 32.71 | % |  | — | % |  | 37.35 | % |  | 16.05 | % |  | 13.89 | % |  | 100.00 | %
Net operating income | $ | 581,986 |  |  | $ | — |  |  | $ | 551,213 |  |  | $ | 343,065 |  |  | $ | 217,811 |  |  | $ | 1,694,075 |
% of Grand Totals | 34.35 | % |  | — | % |  | 32.54 | % |  | 20.25 | % |  | 12.86 | % |  | 100.00 | %
Less: Net operating income attributable to noncontrolling interests in property partnerships | (41,849) |  |  | — |  |  | (121,038) |  |  | — |  |  | — |  |  | (162,887) |
Add: Company’s share of net operating income from unconsolidated joint ventures | 10,765 |  |  | 57,907 |  |  | (5,326) |  |  | 14,928 |  |  | 16,669 |  |  | 94,943 |
Company’s share of net operating income | $ | 550,902 |  |  | $ | 57,907 |  |  | $ | 424,849 |  |  | $ | 357,993 |  |  | $ | 234,480 |  |  | $ | 1,626,131 |
% of Grand Totals | 33.88 | % |  | 3.56 | % |  | 26.12 | % |  | 22.02 | % |  | 14.42 | % |  | 100.00 | %
_______________ (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. For the year ended December 31, 2019:
| Boston |  | Los Angeles |  | New York |  | San Francisco |  | Washington, DC |  | Total
Rental Revenue: (1) |  |  |  |  |  |  |  |  |  |  |
Office | $ | 895,098 |  |  | $ | — |  |  | $ | 1,011,912 |  |  | $ | 533,189 |  |  | $ | 384,435 |  |  | $ | 2,824,634 |
Residential | 13,786 |  |  | — |  |  | — |  |  | — |  |  | 23,128 |  |  | 36,914 |
Hotel | 48,589 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 48,589 |
Total | 957,473 |  |  | — |  |  | 1,011,912 |  |  | 533,189 |  |  | 407,563 |  |  | 2,910,137 |
% of Grand Totals | 32.90 | % |  | — | % |  | 34.78 | % |  | 18.32 | % |  | 14.00 | % |  | 100.00 | %
Rental Expenses: |  |  |  |  |  |  |  |  |  |  |
Office | 322,282 |  |  | — |  |  | 389,532 |  |  | 177,994 |  |  | 144,217 |  |  | 1,034,025 |
Residential | 5,071 |  |  | — |  |  | — |  |  | — |  |  | 10,914 |  |  | 15,985 |
Hotel | 34,004 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 34,004 |
Total | 361,357 |  |  | — |  |  | 389,532 |  |  | 177,994 |  |  | 155,131 |  |  | 1,084,014 |
% of Grand Totals | 33.34 | % |  | — | % |  | 35.93 | % |  | 16.42 | % |  | 14.31 | % |  | 100.00 | %
Net operating income | $ | 596,116 |  |  | $ | — |  |  | $ | 622,380 |  |  | $ | 355,195 |  |  | $ | 252,432 |  |  | $ | 1,826,123 |
% of Grand Totals | 32.64 | % |  | — | % |  | 34.09 | % |  | 19.45 | % |  | 13.82 | % |  | 100.00 | %
Less: Net operating income attributable to noncontrolling interests in property partnerships | (40,109) |  |  | — |  |  | (143,432) |  |  | (448) |  |  | — |  |  | (183,989) |
Add: Company’s share of net operating income from unconsolidated joint ventures | 5,494 |  |  | 61,338 |  |  | 4,174 |  |  | — |  |  | 26,710 |  |  | 97,716 |
Company’s share of net operating income | $ | 561,501 |  |  | $ | 61,338 |  |  | $ | 483,122 |  |  | $ | 354,747 |  |  | $ | 279,142 |  |  | $ | 1,739,850 |
% of Grand Totals | 32.27 | % |  | 3.53 | % |  | 27.77 | % |  | 20.39 | % |  | 16.04 | % |  | 100.00 | %
_______________ (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. For the year ended December 31, 2018:
| Boston |  | Los Angeles |  | New York |  | San Francisco |  | Washington, DC |  | Total
Rental Revenue: (1) |  |  |  |  |  |  |  |  |  |  |
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 | %
Less: Net operating income attributable to noncontrolling interests in property partnerships | (33,862) |  |  | — |  |  | (143,562) |  |  | 59 |  |  | — |  |  | (177,365) |
Add: Company’s share of net operating income from unconsolidated joint ventures | 2,866 |  |  | 42,750 |  |  | 6,590 |  |  | — |  |  | 27,687 |  |  | 79,893 |
Company’s share of net operating income | $ | 510,009 |  |  | $ | 42,750 |  |  | $ | 444,086 |  |  | $ | 267,223 |  |  | $ | 287,774 |  |  | $ | 1,551,842 |
% of Grand Totals | 32.86 | % |  | 2.75 | % |  | 28.63 | % |  | 17.22 | % |  | 18.54 | % |  | 100.00 | %
_______________ (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.

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- Definition 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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