XML 40 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (KILROY REALTY, L.P.) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
REAL ESTATE ASSETS:    
Land and improvements (Note 2) $ 576,433 $ 537,574
Buildings and improvements 2,970,967 2,830,310
Undeveloped land and construction in progress 446,237 430,806
Total real estate held for investment 3,993,637 3,798,690
Accumulated depreciation and amortization (770,688) (742,503)
Total real estate assets held for investment, net 3,222,949 3,056,187
REAL ESTATE ASSETS AND OTHER ASSETS HELD FOR SALE, NET (Note 14) 0 84,156
CASH AND CASH EQUIVALENTS 374,368 4,777
RESTRICTED CASH (Note 14) 43,140 358
MARKETABLE SECURITIES (Note 12) 6,459 5,691
CURRENT RECEIVABLES, NET (Note 4) 6,990 8,395
DEFERRED RENT RECEIVABLES, NET (Note 4) 106,309 101,142
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET (Notes 2 and 3) 158,132 [1] 155,522
DEFERRED FINANCING COSTS, NET 19,060 18,368
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 11) 21,934 12,199
Total Assets 3,959,341 3,446,795
LIABILITIES:    
Secured debt, net (Notes 5 and 12) 350,219 351,825
Exchangeable senior notes, net (Notes 5, 12 and 17) 308,689 306,892
Unsecured debt, net (Notes 5 and 12) 1,130,651 980,569
Unsecured line of credit (Notes 5, 12 and 17) 0 182,000
Accounts payable, accrued expenses and other liabilities 92,574 81,713
Accrued distributions (Note 17) 26,622 22,692
Deferred revenue and acquisition-related intangible liabilities, net (Notes 2 and 3) 90,206 79,781
Rents received in advance and tenant security deposits 30,392 26,917
Liabilities and deferred revenue of real estate assets held for sale (Note 14) 0 13,286
7.80% Series E and 7.50% Series F Cumulative Redeemable Preferred units, called for redemption (Note 9) 126,500 0
Total liabilities 2,155,853 2,045,675
COMMITMENTS AND CONTINGENCIES (Note 11)      
7.45% SERIES A CUMULATIVE REDEEMABLE PREFERRED UNITS 73,638 73,638
Partners' Capital (Note 9):    
TOTAL LIABILITIES, NONCONTROLLING INTEREST AND EQUITY/CAPITAL 3,959,341 3,446,795
Kilroy Realty, L.P. [Member]
    
REAL ESTATE ASSETS:    
Land and improvements (Note 2) 576,433 537,574
Buildings and improvements 2,970,967 2,830,310
Undeveloped land and construction in progress 446,237 430,806
Total real estate held for investment 3,993,637 3,798,690
Accumulated depreciation and amortization (770,688) (742,503)
Total real estate assets held for investment, net 3,222,949 3,056,187
REAL ESTATE ASSETS AND OTHER ASSETS HELD FOR SALE, NET (Note 14) 0 84,156
CASH AND CASH EQUIVALENTS 374,368 4,777
RESTRICTED CASH (Note 14) 43,140 358
MARKETABLE SECURITIES (Note 12) 6,459 5,691
CURRENT RECEIVABLES, NET (Note 4) 6,990 8,395
DEFERRED RENT RECEIVABLES, NET (Note 4) 106,309 101,142
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET (Notes 2 and 3) 158,132 155,522
DEFERRED FINANCING COSTS, NET 19,060 18,368
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 11) 21,934 12,199
Total Assets 3,959,341 3,446,795
LIABILITIES:    
Secured debt, net (Notes 5 and 12) 350,219 351,825
Exchangeable senior notes, net (Notes 5, 12 and 17) 308,689 306,892
Unsecured debt, net (Notes 5 and 12) 1,130,651 980,569
Unsecured line of credit (Notes 5, 12 and 17) 0 182,000
Accounts payable, accrued expenses and other liabilities 92,574 81,713
Accrued distributions (Note 17) 26,622 22,692
Deferred revenue and acquisition-related intangible liabilities, net (Notes 2 and 3) 90,206 79,781
Rents received in advance and tenant security deposits 30,392 26,917
Liabilities and deferred revenue of real estate assets held for sale (Note 14) 0 13,286
7.80% Series E and 7.50% Series F Cumulative Redeemable Preferred units, called for redemption (Note 9) 126,500 0
Total liabilities 2,155,853 2,045,675
COMMITMENTS AND CONTINGENCIES (Note 11)      
7.45% SERIES A CUMULATIVE REDEEMABLE PREFERRED UNITS 73,638 73,638
Partners' Capital (Note 9):    
Common units, 68,349,843 and 58,819,717 held by the general partner and 1,718,131 and 1,718,131 held by common limited partners issued and outstanding, respectively 1,631,001 1,203,259
Total Partners' Capital 1,727,156 1,324,841
Noncontrolling interests in consolidated subsidiaries 2,694 2,641
Total capital 1,729,850 1,327,482
TOTAL LIABILITIES, NONCONTROLLING INTEREST AND EQUITY/CAPITAL 3,959,341 3,446,795
Kilroy Realty, L.P. [Member] | Series E Cumulative Redeemable Preferred Unit [Member]
    
Partners' Capital (Note 9):    
Cumulative Redeemable Preferred stock 0 38,425
Kilroy Realty, L.P. [Member] | Series F Cumulative Redeemable Preferred Unit [Member]
    
Partners' Capital (Note 9):    
Cumulative Redeemable Preferred stock 0 83,157
Kilroy Realty, L.P. [Member] | Series G Cumulative Redeemable Preferred Unit [Member]
    
Partners' Capital (Note 9):    
Cumulative Redeemable Preferred stock $ 96,155 $ 0
[1] Balances and accumulated amortization amounts at March 31, 2012 reflect the write-off of the following fully amortized amounts at January 1, 2012: deferred leasing costs (approximately $9.5 million), above-market leases (approximately $1.6 million), in-place leases (approximately $3.7 million), and below-market leases (approximately $1.0 million).