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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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Rental and related revenue $ 231,322,000 $ 221,655,000 $ 702,190,000 $ 646,842,000
General contractor and service fee revenue 59,739,000 62,807,000 185,072,000 161,004,000
Revenues, total 291,061,000 284,462,000 887,262,000 807,846,000
Expenses:        
Rental expenses 38,317,000 41,159,000 128,522,000 117,450,000
Real estate taxes 32,861,000 29,433,000 97,292,000 88,042,000
General contractor and other services expenses 52,528,000 59,392,000 163,657,000 142,925,000
Depreciation and amortization 95,000,000 101,191,000 290,700,000 289,508,000
Costs and expenses, total 218,706,000 231,175,000 680,171,000 637,925,000
Other operating activities:        
Equity in earnings (loss) of unconsolidated companies 19,178,000 (27,000) 82,325,000 50,442,000
Gain on sale of properties 47,143,000 0 133,617,000 1,108,000
Earnings from sales of land 3,167,000 3,365,000 7,208,000 3,365,000
Undeveloped land carrying costs (1,773,000) (2,108,000) (5,755,000) (6,837,000)
Asset Impairment Charges (6,368,000) 0 (8,891,000) (3,777,000)
Other Operating Income (Expense), Net (56,000) (47,000) (277,000) (150,000)
General and administrative expenses (10,573,000) (10,373,000) (35,632,000) (33,225,000)
Other Operating Activities, Net 50,718,000 (9,190,000) 172,595,000 10,926,000
Operating income 123,073,000 44,097,000 379,686,000 180,847,000
Other income (expenses):        
Interest and other income, net 356,000 145,000 936,000 1,219,000
Interest expense (53,343,000) (56,618,000) (163,479,000) (171,365,000)
Gains (Losses) on Extinguishment of Debt 0 0 (139,000) 0
Acquisition-related activity (110,000) (726,000) (871,000) (2,506,000)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest 69,976,000 (13,102,000) 216,133,000 8,195,000
Income Tax Benefit (Expense) 442,000 4,500,000 (2,595,000) 4,500,000
Income (loss) from continuing operations 70,418,000 (8,602,000) 213,538,000 12,695,000
Discontinued operations:        
Income (loss) before gain on sales 20,000 1,498,000 222,000 1,545,000
Gain on sale of depreciable properties 1,119,000 8,441,000 19,895,000 101,052,000
Income (loss) from discontinued operations 1,139,000 9,939,000 20,117,000 102,597,000
Net income (loss) 71,557,000 1,337,000 233,655,000 115,292,000
Dividends on preferred shares/units (6,072,000) (7,356,000) (20,155,000) (24,261,000)
Adjustments for redemption of preferred shares/units (3,196,000) 0 (2,713,000) (5,932,000)
Net (income) loss attributable to noncontrolling interests (756,000) (48,000) (2,883,000) (1,629,000)
Net income (loss) attributable to common shareholders/unitholders 61,533,000 (6,067,000) 207,904,000 83,470,000
Basic net income (loss) per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.18 $ (0.05) $ 0.56 $ (0.06)
Discontinued operations attributable to common shareholders/unitholders $ 0.00 $ 0.03 $ 0.06 $ 0.31
Total $ 0.18 $ (0.02) $ 0.62 $ 0.25
Diluted net income (loss) per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.18 $ (0.05) $ 0.56 $ (0.06)
Discontinued operations attributable to common shareholders/unitholders $ 0.00 $ 0.03 $ 0.06 $ 0.31
Total $ 0.18 $ (0.02) $ 0.62 $ 0.25
Weighted average number of common shares/units outstanding 341,165 324,895 333,393 320,810
Weighted average number of common shares/units and potential dilutive securities 345,826 324,895 338,057 325,380
Comprehensive income (loss):        
Net income (loss) 71,557,000 1,337,000 233,655,000 115,292,000
Other comprehensive income:        
Amortization of interest contracts (287,000) (116,000) (861,000) 567,000
Other 0 (54,000) 55,000 522,000
Total other comprehensive income (287,000) (170,000) (806,000) 1,089,000
Comprehensive income (loss) 71,270,000 1,167,000 232,849,000 116,381,000
Duke Realty Limited Partnership [Member]
       
Revenues:        
Rental and related revenue 231,322,000 221,655,000 702,190,000 646,842,000
General contractor and service fee revenue 59,739,000 62,807,000 185,072,000 161,004,000
Revenues, total 291,061,000 284,462,000 887,262,000 807,846,000
Expenses:        
Rental expenses 38,317,000 41,159,000 128,522,000 117,450,000
Real estate taxes 32,861,000 29,433,000 97,292,000 88,042,000
General contractor and other services expenses 52,528,000 59,392,000 163,657,000 142,925,000
Depreciation and amortization 95,000,000 101,191,000 290,700,000 289,508,000
Costs and expenses, total 218,706,000 231,175,000 680,171,000 637,925,000
Other operating activities:        
Equity in earnings (loss) of unconsolidated companies 19,178,000 (27,000) 82,325,000 50,442,000
Gain on sale of properties 47,143,000 0 133,617,000 1,108,000
Earnings from sales of land 3,167,000 3,365,000 7,208,000 3,365,000
Undeveloped land carrying costs (1,773,000) (2,108,000) (5,755,000) (6,837,000)
Asset Impairment Charges (6,368,000) 0 (8,891,000) (3,777,000)
Other Operating Income (Expense), Net (56,000) (47,000) (277,000) (150,000)
General and administrative expenses (10,573,000) (10,373,000) (35,632,000) (33,225,000)
Other Operating Activities, Net 50,718,000 (9,190,000) 172,595,000 10,926,000
Operating income 123,073,000 44,097,000 379,686,000 180,847,000
Other income (expenses):        
Interest and other income, net 356,000 145,000 936,000 1,219,000
Interest expense (53,343,000) (56,618,000) (163,479,000) (171,365,000)
Gains (Losses) on Extinguishment of Debt 0 0 (139,000) 0
Acquisition-related activity (110,000) (726,000) (871,000) (2,506,000)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest 69,976,000 (13,102,000) 216,133,000 8,195,000
Income Tax Benefit (Expense) 442,000 4,500,000 (2,595,000) 4,500,000
Income (loss) from continuing operations 70,418,000 (8,602,000) 213,538,000 12,695,000
Discontinued operations:        
Income (loss) before gain on sales 20,000 1,498,000 222,000 1,545,000
Gain on sale of depreciable properties 1,119,000 8,441,000 19,895,000 101,052,000
Income (loss) from discontinued operations 1,139,000 9,939,000 20,117,000 102,597,000
Net income (loss) 71,557,000 1,337,000 233,655,000 115,292,000
Dividends on preferred shares/units (6,072,000) (7,356,000) (20,155,000) (24,261,000)
Adjustments for redemption of preferred shares/units (3,196,000) 0 (2,713,000) (5,932,000)
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, NonRedeemable 39,000 (140,000) (145,000) (487,000)
Net income (loss) attributable to common shareholders/unitholders 62,328,000 (6,159,000) 210,642,000 84,612,000
Basic net income (loss) per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.18 $ (0.05) $ 0.56 $ (0.06)
Discontinued operations attributable to common shareholders/unitholders $ 0.00 $ 0.03 $ 0.06 $ 0.31
Total $ 0.18 $ (0.02) $ 0.62 $ 0.25
Diluted net income (loss) per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.18 $ (0.05) $ 0.56 $ (0.06)
Discontinued operations attributable to common shareholders/unitholders $ 0.00 $ 0.03 $ 0.06 $ 0.31
Total $ 0.18 $ (0.02) $ 0.62 $ 0.25
Weighted average number of common shares/units outstanding 345,545 329,283 337,777 325,203
Weighted average number of common shares/units and potential dilutive securities 345,826 329,283 338,057 325,380
Comprehensive income (loss):        
Net income (loss) 71,557,000 1,337,000 233,655,000 115,292,000
Other comprehensive income:        
Amortization of interest contracts (287,000) (116,000) (861,000) 567,000
Other 0 (54,000) 55,000 522,000
Total other comprehensive income (287,000) (170,000) (806,000) 1,089,000
Comprehensive income (loss) $ 71,270,000 $ 1,167,000 $ 232,849,000 $ 116,381,000