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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Rental and related revenue $ 200,938 $ 202,067 $ 617,549 $ 615,493
General contractor and service fee revenue 33,599 59,739 110,320 185,072
Revenues, total 234,537 261,806 727,869 800,565
Expenses:        
Rental expenses 30,137 29,829 96,355 104,090
Real estate taxes 27,702 29,501 86,228 87,355
General contractor and other services expenses 29,694 52,528 98,455 163,657
Depreciation and amortization 79,898 85,772 240,135 262,570
Costs and expenses, total 167,431 197,630 521,173 617,672
Other operating activities:        
Equity in earnings (loss) of unconsolidated companies (5,088) 19,178 16,281 82,325
Gain on sale of properties 71,259 47,143 202,153 133,617
Gain on land sales 1,659 3,167 24,096 7,208
Other operating expenses (1,467) (1,829) (4,579) (6,032)
Asset Impairment Charges (2,426) (6,368) (7,896) (8,891)
General and administrative expenses (11,340) (10,573) (47,582) (35,632)
Other Operating Activities, Net 52,597 50,718 182,473 172,595
Operating income 119,703 114,894 389,169 355,488
Other income (expenses):        
Interest and other income, net 1,343 356 3,056 936
Interest expense (41,615) (47,421) (134,576) (145,628)
Gains (Losses) on Extinguishment of Debt 64 0 (82,589) (139)
Acquisition-related activity (5,660) (110) (6,993) (871)
Income from continuing operations before income taxes 73,835 67,719 168,067 209,786
Income Tax Benefit (Expense) 3,305 442 4,109 (2,595)
Income from continuing operations 77,140 68,161 172,176 207,191
Discontinued operations:        
Income (loss) before gain on sales (43) 2,277 10,546 6,569
Gain on sale of depreciable properties, net of tax 111 1,119 414,620 19,895
Income from discontinued operations 68 3,396 425,166 26,464
Net income 77,208 71,557 597,342 233,655
Dividends on preferred shares/units 0 (6,072) 0 (20,155)
Adjustments for redemption of preferred shares/units 0 (3,196) 0 (2,713)
Net (income) loss attributable to noncontrolling interests (774) (756) (6,284) (2,883)
Net income attributable to common shareholders $ 76,434 $ 61,533 $ 591,058 $ 207,904
Basic net income per common share:        
Continuing operations attributable to common shareholders/unitholders $ 0.22 $ 0.17 $ 0.49 $ 0.54
Discontinued operations attributable to common shareholders/unitholders 0.00 0.01 1.22 0.08
Total 0.22 0.18 1.71 0.62
Diluted net income per common share:        
Continuing operations attributable to common shareholders/unitholders 0.22 0.17 0.49 0.54
Discontinued operations attributable to common shareholders/unitholders 0.00 0.01 1.21 0.08
Total $ 0.22 $ 0.18 $ 1.70 $ 0.62
Weighted average number of common shares/units outstanding 345,256 341,165 344,986 333,393
Weighted average number of common shares/units and potential dilutive securities 352,150 345,826 352,013 338,057
Comprehensive income:        
Net income $ 77,208 $ 71,557 $ 597,342 $ 233,655
Other comprehensive loss:        
Amortization of interest contracts (274) (287) (837) (861)
Other Comprehensive Income, Other, Net of Tax 0 0 (123) 55
Total other comprehensive loss (274) (287) (960) (806)
Comprehensive income 76,934 71,270 596,382 232,849
Duke Realty Limited Partnership [Member]        
Revenues:        
Rental and related revenue 200,938 202,067 617,549 615,493
General contractor and service fee revenue 33,599 59,739 110,320 185,072
Revenues, total 234,537 261,806 727,869 800,565
Expenses:        
Rental expenses 30,137 29,829 96,355 104,090
Real estate taxes 27,702 29,501 86,228 87,355
General contractor and other services expenses 29,694 52,528 98,455 163,657
Depreciation and amortization 79,898 85,772 240,135 262,570
Costs and expenses, total 167,431 197,630 521,173 617,672
Other operating activities:        
Equity in earnings (loss) of unconsolidated companies (5,088) 19,178 16,281 82,325
Gain on sale of properties 71,259 47,143 202,153 133,617
Gain on land sales 1,659 3,167 24,096 7,208
Other operating expenses (1,467) (1,829) (4,579) (6,032)
Asset Impairment Charges (2,426) (6,368) (7,896) (8,891)
General and administrative expenses (11,340) (10,573) (47,582) (35,632)
Other Operating Activities, Net 52,597 50,718 182,473 172,595
Operating income 119,703 114,894 389,169 355,488
Other income (expenses):        
Interest and other income, net 1,343 356 3,056 936
Interest expense (41,615) (47,421) (134,576) (145,628)
Gains (Losses) on Extinguishment of Debt 64 0 (82,589) (139)
Acquisition-related activity (5,660) (110) (6,993) (871)
Income from continuing operations before income taxes 73,835 67,719 168,067 209,786
Income Tax Benefit (Expense) 3,305 442 4,109 (2,595)
Income from continuing operations 77,140 68,161 172,176 207,191
Discontinued operations:        
Income (loss) before gain on sales (43) 2,277 10,546 6,569
Gain on sale of depreciable properties, net of tax 111 1,119 414,620 19,895
Income from discontinued operations 68 3,396 425,166 26,464
Net income 77,208 71,557 597,342 233,655
Dividends on preferred shares/units 0 (6,072) 0 (20,155)
Adjustments for redemption of preferred shares/units 0 (3,196) 0 (2,713)
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, NonRedeemable (23) 39 (72) (145)
Net income attributable to common shareholders $ 77,185 $ 62,328 $ 597,270 $ 210,642
Basic net income per common share:        
Continuing operations attributable to common shareholders/unitholders $ 0.22 $ 0.17 $ 0.49 $ 0.54
Discontinued operations attributable to common shareholders/unitholders 0.00 0.01 1.22 0.08
Total 0.22 0.18 1.71 0.62
Diluted net income per common share:        
Continuing operations attributable to common shareholders/unitholders 0.22 0.17 0.49 0.54
Discontinued operations attributable to common shareholders/unitholders 0.00 0.01 1.21 0.08
Total $ 0.22 $ 0.18 $ 1.70 $ 0.62
Weighted average number of common shares/units outstanding 348,760 345,545 348,595 337,777
Weighted average number of common shares/units and potential dilutive securities 352,150 345,826 352,013 338,057
Comprehensive income:        
Net income $ 77,208 $ 71,557 $ 597,342 $ 233,655
Other comprehensive loss:        
Amortization of interest contracts (274) (287) (837) (861)
Other Comprehensive Income, Other, Net of Tax 0 0 (123) 55
Total other comprehensive loss (274) (287) (960) (806)
Comprehensive income $ 76,934 $ 71,270 $ 596,382 $ 232,849