XML 67 R54.htm IDEA: XBRL DOCUMENT v3.23.1

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Information

The table below presents the operating activity of the Company’s reportable segments:

			Three Months Ended March 31,
			2023						2022
Office segment
Office revenues			$	206,633					$	211,400
Office expenses			(74,054)						(73,631)
Office segment profit			132,579						137,769
Studio segment
Studio revenues			45,630						33,113
Studio expenses			(37,244)						(18,983)
Studio segment profit			8,386						14,130
TOTAL SEGMENT PROFIT			$	140,965					$	151,899
Segment revenues			$	252,263					$	244,513
Segment expenses			(111,298)						(92,614)
TOTAL SEGMENT PROFIT			$	140,965					$	151,899

The table below is a reconciliation of the total profit from all segments to net loss:

			Three Months Ended March 31,
			2023						2022
NET LOSS			$	(14,817)					$	(7,615)
General and administrative			18,724						20,512
Depreciation and amortization			97,139						92,193
Loss (income) from unconsolidated real estate entities			745						(303)
Fee income			(2,402)						(1,071)
Interest expense			53,807						30,836
Interest income			(371)						(910)
Management services reimbursement income—unconsolidated real estate entities			(1,064)						(1,108)
Management services expense—unconsolidated real estate entities			1,064						1,108
Transaction-related expenses			1,186						256
Unrealized gain on non-real estate investments			(839)						(1,650)
Gain on sale of real estate			(7,046)						—
Impairment loss			—						20,503
Other income			(5,161)						(852)
TOTAL PROFIT FROM ALL SEGMENTS			$	140,965					$	151,899

X

- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration