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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rental and related revenue $ 165,836 $ 157,910 $ 337,512 $ 318,497
General contractor and service fee revenue 23,576 26,044 32,975 49,195
Revenues, total 189,412 183,954 370,487 367,692
Expenses:        
Rental expenses 14,506 17,017 30,743 37,752
Real estate taxes 26,902 24,899 53,412 49,685
General contractor and other services expenses 22,374 22,228 29,998 43,148
Depreciation and amortization 67,013 61,136 129,036 120,669
Costs and expenses, total 130,795 125,280 243,189 251,254
Other operating activities:        
Equity in earnings of unconsolidated companies 51,933 3,534 56,682 25,394
Gain on dissolution of unconsolidated company 0 30,697 0 30,697
Promote income 20,007 24,087 20,007 24,087
Gain on sale of properties 34,341 39,314 71,387 54,891
Gain on land sales 1,279 707 2,784 837
Other operating expenses (718) (836) (1,457) (2,072)
Impairment charges 0 (5,651) (859) (12,056)
General and administrative expenses (11,858) (11,584) (31,090) (29,682)
Other Operating Activities, Net 94,984 80,268 117,454 92,096
Operating income 153,601 138,942 244,752 208,534
Other income (expenses):        
Interest and other income, net 2,260 567 2,792 3,090
Interest expense (21,680) (29,511) (44,566) (59,644)
Loss on debt extinguishment (9,561) (2,430) (9,536) (2,430)
Acquisition-related activity 0 (72) 0 (75)
Income from continuing operations before income taxes 124,620 107,496 193,442 149,475
Income tax (expense) benefit (5,426) 157 (7,557) (186)
Income from continuing operations 119,194 107,653 185,885 149,289
Discontinued operations:        
Income before gain on sales 11,095 2,278 15,185 4,484
Gain on sale of depreciable properties 1,109,091 252 1,109,091 166
Income tax expense (11,613) 0 (11,613) 0
Income from discontinued operations 1,108,573 2,530 1,112,663 4,650
Net income 1,227,767 110,183 1,298,548 153,939
Net income attributable to noncontrolling interests (17,224) (1,116) (17,805) (1,565)
Net income attributable to common shareholders $ 1,210,543 $ 109,067 $ 1,280,743 $ 152,374
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.33 $ 0.30 $ 0.52 $ 0.43
Discontinuing operations attributable to common shareholders/unitholders 3.07 0.01 3.08 0.01
Earnings Per Share, Basic 3.40 0.31 3.60 0.44
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders 0.33 0.30 0.51 0.43
Discontinued operations attributable to common shareholders/unitholders 3.05 0.01 3.06 0.01
Earnings Per Share, Diluted $ 3.38 $ 0.31 $ 3.57 $ 0.44
Weighted average number of common shares/units outstanding 355,647 347,464 355,466 346,564
Weighted average number of common shares/units and potential dilutive securities 361,981 354,433 361,789 352,227
Comprehensive income:        
Net income $ 1,227,767 $ 110,183 $ 1,298,548 $ 153,939
Other comprehensive loss:        
Amortization of interest contracts and other (426) (295) (682) (590)
Comprehensive income 1,227,341 109,888 1,297,866 153,349
Duke Realty Limited Partnership [Member]        
Revenues:        
Rental and related revenue 165,836 157,910 337,512 318,497
General contractor and service fee revenue 23,576 26,044 32,975 49,195
Revenues, total 189,412 183,954 370,487 367,692
Expenses:        
Rental expenses 14,506 17,017 30,743 37,752
Real estate taxes 26,902 24,899 53,412 49,685
General contractor and other services expenses 22,374 22,228 29,998 43,148
Depreciation and amortization 67,013 61,136 129,036 120,669
Costs and expenses, total 130,795 125,280 243,189 251,254
Other operating activities:        
Equity in earnings of unconsolidated companies 51,933 3,534 56,682 25,394
Gain on dissolution of unconsolidated company 0 30,697 0 30,697
Promote income 20,007 24,087 20,007 24,087
Gain on sale of properties 34,341 39,314 71,387 54,891
Gain on land sales 1,279 707 2,784 837
Other operating expenses (718) (836) (1,457) (2,072)
Impairment charges 0 (5,651) (859) (12,056)
General and administrative expenses (11,858) (11,584) (31,090) (29,682)
Other Operating Activities, Net 94,984 80,268 117,454 92,096
Operating income 153,601 138,942 244,752 208,534
Other income (expenses):        
Interest and other income, net 2,260 567 2,792 3,090
Interest expense (21,680) (29,511) (44,566) (59,644)
Loss on debt extinguishment (9,561) (2,430) (9,536) (2,430)
Acquisition-related activity 0 (72) 0 (75)
Income from continuing operations before income taxes 124,620 107,496 193,442 149,475
Income tax (expense) benefit (5,426) 157 (7,557) (186)
Income from continuing operations 119,194 107,653 185,885 149,289
Discontinued operations:        
Income before gain on sales 11,095 2,278 15,185 4,484
Gain on sale of depreciable properties 1,109,091 252 1,109,091 166
Income tax expense (11,613) 0 (11,613) 0
Income from discontinued operations 1,108,573 2,530 1,112,663 4,650
Net income 1,227,767 110,183 1,298,548 153,939
Net income attributable to noncontrolling interests (5,984) (15) (5,913) (26)
Net income attributable to common shareholders $ 1,221,783 $ 110,168 $ 1,292,635 $ 153,913
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.33 $ 0.30 $ 0.52 $ 0.43
Discontinuing operations attributable to common shareholders/unitholders 3.07 0.01 3.08 0.01
Earnings Per Share, Basic 3.40 0.31 3.60 0.44
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders 0.33 0.30 0.51 0.43
Discontinued operations attributable to common shareholders/unitholders 3.05 0.01 3.06 0.01
Earnings Per Share, Diluted $ 3.38 $ 0.31 $ 3.57 $ 0.44
Weighted average number of common shares/units outstanding 358,952 350,968 358,776 350,065
Weighted average number of common shares/units and potential dilutive securities 361,981 354,433 361,789 352,227
Comprehensive income:        
Net income $ 1,227,767 $ 110,183 $ 1,298,548 $ 153,939
Other comprehensive loss:        
Amortization of interest contracts and other (426) (295) (682) (590)
Comprehensive income $ 1,227,341 $ 109,888 $ 1,297,866 $ 153,349