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Consolidated Statements of Operations and Comprehensive Income (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Rental and related revenue $ 233,518,000 $ 215,308,000 $ 470,868,000 $ 425,187,000
General contractor and service fee revenue 69,512,000 50,793,000 125,332,000 98,197,000
Revenues, total 303,030,000 266,101,000 596,200,000 523,384,000
Expenses:        
Rental expenses 39,938,000 37,431,000 90,205,000 76,291,000
Real estate taxes 31,964,000 29,569,000 64,431,000 58,609,000
General contractor and other services expenses 63,857,000 45,192,000 111,128,000 83,533,000
Depreciation and amortization 97,641,000 95,322,000 195,700,000 188,316,000
Costs and expenses, total 233,400,000 207,514,000 461,464,000 406,749,000
Other operating activities:        
Equity in earnings (loss) of unconsolidated companies 60,826,000 1,091,000 63,147,000 50,469,000
Gain on sale of properties 70,318,000 940,000 86,171,000 1,108,000
Earnings from sales of land 3,889,000 0 4,041,000 0
Undeveloped land carrying costs (1,858,000) (2,531,000) (3,982,000) (4,729,000)
Asset Impairment Charges (2,523,000) (3,777,000) (2,523,000) (3,777,000)
Other Operating Income (Expense), Net (129,000) (35,000) (221,000) (103,000)
General and administrative expenses (10,365,000) (9,707,000) (25,059,000) (22,852,000)
Other Operating Activities, Net 120,158,000 (14,019,000) 121,574,000 20,116,000
Operating income 189,788,000 44,568,000 256,310,000 136,751,000
Other income (expenses):        
Interest and other income, net 229,000 921,000 580,000 1,074,000
Interest expense (54,872,000) (57,019,000) (110,129,000) (114,343,000)
Gains (Losses) on Extinguishment of Debt (139,000) 0 (139,000) 0
Acquisition-related activity (747,000) (2,423,000) (761,000) (1,780,000)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest 134,259,000 (13,953,000) 145,861,000 21,702,000
Income Tax Expense (Benefit) (364,000) 0 (3,038,000) 0
Income (loss) from continuing operations 133,895,000 (13,953,000) 142,823,000 21,702,000
Discontinued operations:        
Income (loss) before gain on sales 327,000 128,000 195,000 (358,000)
Gain on sale of depreciable properties 2,305,000 83,657,000 19,080,000 92,611,000
Income (loss) from discontinued operations 2,632,000 83,785,000 19,275,000 92,253,000
Net income (loss) 136,527,000 69,832,000 162,098,000 113,955,000
Dividends on preferred shares/units (7,046,000) (7,355,000) (14,083,000) (16,905,000)
Adjustments for redemption of preferred shares/units 0 0 483,000 (5,932,000)
Net (income) loss attributable to noncontrolling interests (1,793,000) (983,000) (2,127,000) (1,581,000)
Net income (loss) attributable to common shareholders/unitholders 127,688,000 61,494,000 146,371,000 89,537,000
Basic net income (loss) per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.37 $ (0.07) $ 0.38 $ (0.01)
Discontinued operations attributable to common shareholders/unitholders $ 0.01 $ 0.26 $ 0.06 $ 0.29
Total $ 0.38 $ 0.19 $ 0.44 $ 0.28
Diluted net income (loss) per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.37 $ (0.07) $ 0.38 $ (0.01)
Discontinued operations attributable to common shareholders/unitholders $ 0.01 $ 0.26 $ 0.06 $ 0.29
Total $ 0.38 $ 0.19 $ 0.44 $ 0.28
Weighted average number of common shares/units outstanding 331,753 322,489 329,442 318,733
Weighted average number of common shares/units and potential dilutive securities 336,414 327,098 334,102 323,350
Comprehensive income (loss):        
Net income (loss) 136,527,000 69,832,000 162,098,000 113,955,000
Other comprehensive income:        
Amortization of interest contracts (287,000) 226,000 (574,000) 683,000
Other 55,000 496,000 55,000 576,000
Total other comprehensive income (232,000) 722,000 (519,000) 1,259,000
Comprehensive income (loss) 136,295,000 70,554,000 161,579,000 115,214,000
Duke Realty Limited Partnership [Member]
       
Revenues:        
Rental and related revenue 233,518,000 215,308,000 470,868,000 425,187,000
General contractor and service fee revenue 69,512,000 50,793,000 125,332,000 98,197,000
Revenues, total 303,030,000 266,101,000 596,200,000 523,384,000
Expenses:        
Rental expenses 39,938,000 37,431,000 90,205,000 76,291,000
Real estate taxes 31,964,000 29,569,000 64,431,000 58,609,000
General contractor and other services expenses 63,857,000 45,192,000 111,128,000 83,533,000
Depreciation and amortization 97,641,000 95,322,000 195,700,000 188,316,000
Costs and expenses, total 233,400,000 207,514,000 461,464,000 406,749,000
Other operating activities:        
Equity in earnings (loss) of unconsolidated companies 60,826,000 1,091,000 63,147,000 50,469,000
Gain on sale of properties 70,318,000 940,000 86,171,000 1,108,000
Earnings from sales of land 3,889,000 0 4,041,000 0
Undeveloped land carrying costs (1,858,000) (2,531,000) (3,982,000) (4,729,000)
Asset Impairment Charges (2,523,000) (3,777,000) (2,523,000) (3,777,000)
Other Operating Income (Expense), Net (129,000) (35,000) (221,000) (103,000)
General and administrative expenses (10,365,000) (9,707,000) (25,059,000) (22,852,000)
Other Operating Activities, Net 120,158,000 (14,019,000) 121,574,000 20,116,000
Operating income 189,788,000 44,568,000 256,310,000 136,751,000
Other income (expenses):        
Interest and other income, net 229,000 921,000 580,000 1,074,000
Interest expense (54,872,000) (57,019,000) (110,129,000) (114,343,000)
Gains (Losses) on Extinguishment of Debt (139,000) 0 (139,000) 0
Acquisition-related activity (747,000) (2,423,000) (761,000) (1,780,000)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest 134,259,000 (13,953,000) 145,861,000 21,702,000
Income Tax Expense (Benefit) (364,000) 0 (3,038,000) 0
Income (loss) from continuing operations 133,895,000 (13,953,000) 142,823,000 21,702,000
Discontinued operations:        
Income (loss) before gain on sales 327,000 128,000 195,000 (358,000)
Gain on sale of depreciable properties 2,305,000 83,657,000 19,080,000 92,611,000
Income (loss) from discontinued operations 2,632,000 83,785,000 19,275,000 92,253,000
Net income (loss) 136,527,000 69,832,000 162,098,000 113,955,000
Dividends on preferred shares/units (7,046,000) (7,355,000) (14,083,000) (16,905,000)
Adjustments for redemption of preferred shares/units 0 0 483,000 (5,932,000)
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, NonRedeemable (100,000) (141,000) (184,000) (347,000)
Net income (loss) attributable to common shareholders/unitholders 129,381,000 62,336,000 148,314,000 90,771,000
Basic net income (loss) per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.37 $ (0.07) $ 0.38 $ (0.01)
Discontinued operations attributable to common shareholders/unitholders $ 0.01 $ 0.26 $ 0.06 $ 0.29
Total $ 0.38 $ 0.19 $ 0.44 $ 0.28
Diluted net income (loss) per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.37 $ (0.07) $ 0.38 $ (0.01)
Discontinued operations attributable to common shareholders/unitholders $ 0.01 $ 0.26 $ 0.06 $ 0.29
Total $ 0.38 $ 0.19 $ 0.44 $ 0.28
Weighted average number of common shares/units outstanding 336,139 326,877 333,828 323,130
Weighted average number of common shares/units and potential dilutive securities 336,414 327,098 334,102 323,350
Comprehensive income (loss):        
Net income (loss) 136,527,000 69,832,000 162,098,000 113,955,000
Other comprehensive income:        
Amortization of interest contracts (287,000) 226,000 (574,000) 683,000
Other 55,000 496,000 55,000 576,000
Total other comprehensive income (232,000) 722,000 (519,000) 1,259,000
Comprehensive income (loss) $ 136,295,000 $ 70,554,000 $ 161,579,000 $ 115,214,000