v3.3.1.900
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES:      
Rental income $ 525,355 $ 466,328 $ 411,899
Tenant reimbursements 53,774 46,717 38,047
Other property income (Note 16 and 18) 2,146 8,680 7,165
Total revenues 581,275 521,725 457,111
EXPENSES:      
Property expenses 105,378 100,514 94,115
Real estate taxes 50,223 45,197 39,417
Provision for bad debts 545 58 396
Ground leases (Note 4 and 15) 3,096 3,075 3,504
General and administrative expenses 48,265 46,152 39,660
Acquisition-related expenses 497 1,479 1,962
Depreciation and amortization (Notes 2 and 4) 204,294 202,417 188,887
Total expenses 412,298 398,892 367,941
OTHER (EXPENSES) INCOME:      
Interest income and other net investment gains (Note 16) 243 561 1,635
Interest expense (Note 7) (57,682) (67,571) (75,870)
Total other (expenses) income (57,439) (67,010) (74,235)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE GAIN ON SALE OF LAND 111,538 55,823 14,935
Gain on sale of land (Note 18) 17,116 3,490 0
Gain on sale of depreciable operating properties (Note 4) 109,950 0 0
INCOME (LOSS) FROM CONTINUING OPERATIONS 238,604 59,313 14,935
DISCONTINUED OPERATIONS (Note 18)      
Income from discontinued operations 0 2,573 17,378
Net gain on dispositions of discontinued operations (Note 19) 0 121,922 12,252
Total income from discontinued operations 0 [1] 124,495 [1] 29,630 [2]
NET INCOME 238,604 183,808 44,565
Net income attributable to noncontrolling common units of the Operating Partnership (4,339) (3,589) (685)
Net Income (Loss) Attributable to Noncontrolling Interest in Consolidated Subsidiary (184) 0 0
Net Income (Loss) Attributable to Noncontrolling Interest (4,523) (3,589) (685)
NET INCOME ATTRIBUTABLE TO KILROY REALTY 234,081 180,219 43,880
PREFERRED DISTRIBUTIONS AND DIVIDENDS:      
Preferred dividends (Note 10) (13,250) (13,250) (13,250)
Total preferred distributions (13,250) (13,250)  
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 220,831 $ 166,969 $ 30,630
Income (loss) from continuing operations available to common stockholders per share of common stock – basic (Note 19) $ 2.44 $ 0.52 $ 0.00
Income (loss) from continuing operations available to common stockholders per share (dollars per share) 2.42 0.51 0.00
Net income available to common stockholders per share-basic (Note 19) 2.44 1.99 0.37
Net income available to common stockholders per share-diluted (Note 19) $ 2.42 $ 1.95 $ 0.37
Weighted average common shares outstanding-basic (Note 19) 89,854,096 83,090,235 77,343,853
Weighted average common shares outstanding-diluted (Note 19) 90,395,775 84,967,720 77,343,853
[1] (2)The Company adopted ASU 2014-08 effective January 1, 2015 (see Note 2 “Basis of Presentation and Significant Accounting Policies” for additional information). As a result, properties classified as held for sale and/or disposed of subsequent to January 1, 2015 that do not represent a strategic shift are no longer presented as discontinued operations.
[2] The Operating Partnership adopted ASU 2014-08 effective January 1, 2015 (see Note 2 “Basis of Presentation and Significant Accounting Policies” for additional information). As a result, properties classified as held for sale and/or disposed of subsequent to January 1, 2015 that do not represent a strategic shift are no longer presented as discontinued operations.