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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $6,462,315 and $7,481,015 at September 30, 2019 and December 31, 2018, respectively) $ 22,288,800 $ 21,649,896
Right of use assets - finance leases (amount related to VIEs of $21,000 at September 30, 2019) 237,394  
Right of use assets - operating leases 149,231  
Less: accumulated depreciation (amounts related to VIEs of $(1,027,583) and $(965,500) at September 30, 2019 and December 31, 2018, respectively) (5,164,353) (4,897,777)
Total real estate 17,511,072 16,752,119
Cash and cash equivalents (amounts related to VIEs of $280,253 and $296,806 at September 30, 2019 and December 31, 2018, respectively) 751,210 543,359
Cash held in escrows 53,555 95,832
Investments in securities 34,375 28,198
Tenant and other receivables (amounts related to VIEs of $25,259 and $15,519 at September 30, 2019 and December 31, 2018, respectively) 102,155 86,629
Note receivable 19,844 19,468
Related party note receivable 80,000 80,000
Accrued rental income (amounts related to VIEs of $292,668 and $272,466 at September 30, 2019 and December 31, 2018, respectively) 1,003,033 934,896
Deferred charges, net (amounts related to VIEs of $218,634 and $263,402 at September 30, 2019 and December 31, 2018, respectively) 689,768 678,724
Prepaid expenses and other assets (amounts related to VIEs of $58,057 and $26,513 at September 30, 2019 and December 31, 2018, respectively) 110,308 80,943
Investments in unconsolidated joint ventures 933,255 956,309
Total assets 21,288,575 20,256,477
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,921,499 and $2,929,326 at September 30, 2019 and December 31, 2018, respectively) 2,952,006 2,964,572
Unsecured senior notes, net 8,387,913 7,544,697
Unsecured line of credit 0 0
Unsecured term loan, net 498,819 498,488
Lease liabilities - finance leases (amount related to VIEs of $20,148 at September 30, 2019) 221,029  
Lease liabilities - operating leases 199,755  
Accounts payable and accrued expenses (amounts related to VIEs of $44,013 and $75,786 at September 30, 2019 and December 31, 2018, respectively) 421,269 276,645
Dividends and distributions payable 165,421 165,114
Accrued interest payable 83,177 89,267
Other liabilities (amounts related to VIEs of $129,185 and $200,344 at September 30, 2019 and December 31, 2018, respectively) 356,338 503,726
Total liabilities 13,285,727 12,042,509
Commitments and contingencies 0 0
Redeemable deferred stock units—54,610 units outstanding at redemption value at September 30, 2019 7,081 0
Equity / Capital:    
Excess stock, $0.01 par value, 150,000,000 shares authorized, none issued or outstanding 0 0
Preferred stock, $.01 par value, 50,000,000 shares authorized    
5.25% Series B cumulative redeemable preferred stock/unit, liquidation preference $2,500 per share/unit, 92,000 shares authorized, 80,000 shares/units issued and outstanding at September 30, 2019 and December 31, 2018 200,000 200,000
Common stock, $0.01 par value, 250,000,000 shares authorized, 154,650,973 and 154,537,378 issued and 154,572,073 and 154,458,478 outstanding at September 30, 2019 and December 31, 2018, respectively 1,546 1,545
Additional paid-in capital 6,274,792 6,407,623
Dividends in excess of earnings (749,666) (675,534)
Treasury common stock at cost, 78,900 shares at September 30, 2019 and December 31, 2018 (2,722) (2,722)
Accumulated other comprehensive loss (51,996) (47,741)
Total stockholders’ equity attributable to Boston Properties, Inc. 5,671,954 5,883,171
Noncontrolling interests:    
Common units of Boston Properties Limited Partnership 603,690 619,352
Property partnerships 1,720,123 1,711,445
Total equity 7,995,767 8,213,968
Total liabilities and equity / capital 21,288,575 20,256,477
Boston Properties Limited Partnership    
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $6,462,315 and $7,481,015 at September 30, 2019 and December 31, 2018, respectively) 21,893,001 21,251,540
Right of use assets - finance leases (amount related to VIEs of $21,000 at September 30, 2019) 237,394  
Right of use assets - operating leases 149,231  
Less: accumulated depreciation (amounts related to VIEs of $(1,027,583) and $(965,500) at September 30, 2019 and December 31, 2018, respectively) (5,061,727) (4,800,475)
Total real estate 17,217,899 16,451,065
Cash and cash equivalents (amounts related to VIEs of $280,253 and $296,806 at September 30, 2019 and December 31, 2018, respectively) 751,210 543,359
Cash held in escrows 53,555 95,832
Investments in securities 34,375 28,198
Tenant and other receivables (amounts related to VIEs of $25,259 and $15,519 at September 30, 2019 and December 31, 2018, respectively) 102,155 86,629
Note receivable 19,844 19,468
Related party note receivable 80,000 80,000
Accrued rental income (amounts related to VIEs of $292,668 and $272,466 at September 30, 2019 and December 31, 2018, respectively) 1,003,033 934,896
Deferred charges, net (amounts related to VIEs of $218,634 and $263,402 at September 30, 2019 and December 31, 2018, respectively) 689,768 678,724
Prepaid expenses and other assets (amounts related to VIEs of $58,057 and $26,513 at September 30, 2019 and December 31, 2018, respectively) 110,308 80,943
Investments in unconsolidated joint ventures 933,255 956,309
Total assets 20,995,402 19,955,423
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,921,499 and $2,929,326 at September 30, 2019 and December 31, 2018, respectively) 2,952,006 2,964,572
Unsecured senior notes, net 8,387,913 7,544,697
Unsecured line of credit 0 0
Unsecured term loan, net 498,819 498,488
Lease liabilities - finance leases (amount related to VIEs of $20,148 at September 30, 2019) 221,029  
Lease liabilities - operating leases 199,755  
Accounts payable and accrued expenses (amounts related to VIEs of $44,013 and $75,786 at September 30, 2019 and December 31, 2018, respectively) 421,269 276,645
Dividends and distributions payable 165,421 165,114
Accrued interest payable 83,177 89,267
Other liabilities (amounts related to VIEs of $129,185 and $200,344 at September 30, 2019 and December 31, 2018, respectively) 356,338 503,726
Total liabilities 13,285,727 12,042,509
Commitments and contingencies 0 0
Redeemable deferred stock units—54,610 units outstanding at redemption value at September 30, 2019 7,081 0
Noncontrolling interest:    
Redeemable partnership units—16,821,620 and 16,783,558 common units and 1,189,117 and 991,577 long term incentive units outstanding at redemption value at September 30, 2019 and December 31, 2018, respectively 2,335,272 2,000,591
Preferred stock, $.01 par value, 50,000,000 shares authorized    
5.25% Series B cumulative redeemable preferred stock/unit, liquidation preference $2,500 per share/unit, 92,000 shares authorized, 80,000 shares/units issued and outstanding at September 30, 2019 and December 31, 2018 193,623 193,623
Boston Properties Limited Partnership partners’ capital — 1,725,828 and 1,722,336 general partner units and 152,846,245 and 152,736,142 limited partner units outstanding at September 30, 2019 and December 31, 2018, respectively 3,505,572 4,054,996
Accumulated other comprehensive loss (51,996) (47,741)
Noncontrolling interests:    
Total partners’ capital 3,647,199 4,200,878
Noncontrolling interests in property partnerships 1,720,123 1,711,445
Total equity / capital 5,367,322 5,912,323
Total liabilities and equity / capital $ 20,995,402 $ 19,955,423