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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $6,497,031 and $7,481,015 at December 31, 2019 and 2018, respectively) $ 22,502,976 $ 21,649,896
Right of use assets - finance leases (amount related to VIEs of $21,000 at December 31, 2019) 237,394  
Right of use assets - operating leases 148,640  
Less: accumulated depreciation (amounts related to VIEs of $(1,058,495) and $(965,500) at December 31, 2019 and 2018, respectively) (5,266,798) (4,897,777)
Total real estate 17,622,212 16,752,119
Cash and cash equivalents (amounts related to VIEs of $280,033 and $296,806 at December 31, 2019 and 2018, respectively) 644,950 543,359
Cash held in escrows 46,936 95,832
Investments in securities 36,747 28,198
Tenant and other receivables, net (amounts related to VIEs of $28,918 and $15,519 at December 31, 2019 and 2018, respectively) 112,807 86,629
Related party note receivable 80,000 80,000
Note receivable 15,920 19,468
Accrued rental income, net (amounts related to VIEs of $298,318 and $272,466 at December 31, 2019 and 2018, respectively) 1,038,788 934,896
Deferred charges, net (amounts related to VIEs of $214,769 and $263,402 at December 31, 2019 and 2018, respectively) 689,213 678,724
Prepaid expenses and other assets (amounts related to VIEs of $20,931 and $26,513 at December 31, 2019 and 2018, respectively) 41,685 80,943
Investments in unconsolidated joint ventures 955,647 956,309
Total assets 21,284,905 20,256,477
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,918,806 and $2,929,326 at December 31, 2019 and 2018, respectively) 2,922,408 2,964,572
Unsecured senior notes, net 8,390,459 7,544,697
Unsecured line of credit 0 0
Unsecured term loan, net 498,939 498,488
Lease liabilities - finance leases (amount related to VIEs of $20,189 at December 31, 2019) 224,042  
Lease liabilities - operating leases 200,180  
Accounts payable and accrued expenses (amounts related to VIEs of $45,777 and $75,786 at December 31, 2019 and 2018, respectively) 377,553 276,645
Dividends and distributions payable 170,713 165,114
Accrued interest payable 90,016 89,267
Other liabilities (amounts related to VIEs of $140,110 and $200,344 at December 31, 2019 and 2018, respectively) 387,994 503,726
Total liabilities 13,262,304 12,042,509
Commitments and contingencies 0 0
Redeemable deferred stock units— 60,676 units outstanding at redemption value at December 31, 2019 8,365  
Equity / Capital:    
Excess stock, $0.01 par value, 150,000,000 shares authorized, none issued or outstanding 0 0
Preferred stock, $0.01 par value, 50,000,000 shares authorized;    
5.25% Series B cumulative redeemable preferred stock / units, liquidation preference $2,500 per share / unit, 80,000 shares / units issued and outstanding at December 31, 2019 and December 31, 2018, respectively 200,000 200,000
Common stock, $0.01 par value, 250,000,000 shares authorized, 154,869,198 and 154,537,378 issued and 154,790,298 and 154,458,478 outstanding at December 31, 2019 and December 31, 2018, respectively 1,548 1,545
Additional paid-in capital 6,294,719 6,407,623
Dividends in excess of earnings (760,523) (675,534)
Treasury common stock at cost, 78,900 shares at December 31, 2019 and December 31, 2018 (2,722) (2,722)
Accumulated other comprehensive loss (48,335) (47,741)
Total stockholders' equity attributable to Boston Properties, Inc. 5,684,687 5,883,171
Noncontrolling interests:    
Common units of the Operating Partnership 600,860 619,352
Property partnerships 1,728,689 1,711,445
Total equity / capital 8,014,236 8,213,968
Total liabilities and equity / capital 21,284,905 20,256,477
Boston Properties Limited Partnership    
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $6,497,031 and $7,481,015 at December 31, 2019 and 2018, respectively) 22,107,755 21,251,540
Right of use assets - finance leases (amount related to VIEs of $21,000 at December 31, 2019) 237,394  
Right of use assets - operating leases 148,640  
Less: accumulated depreciation (amounts related to VIEs of $(1,058,495) and $(965,500) at December 31, 2019 and 2018, respectively) (5,162,908) (4,800,475)
Total real estate 17,330,881 16,451,065
Cash and cash equivalents (amounts related to VIEs of $280,033 and $296,806 at December 31, 2019 and 2018, respectively) 644,950 543,359
Cash held in escrows 46,936 95,832
Investments in securities 36,747 28,198
Tenant and other receivables, net (amounts related to VIEs of $28,918 and $15,519 at December 31, 2019 and 2018, respectively) 112,807 86,629
Related party note receivable 80,000 80,000
Note receivable 15,920 19,468
Accrued rental income, net (amounts related to VIEs of $298,318 and $272,466 at December 31, 2019 and 2018, respectively) 1,038,788 934,896
Deferred charges, net (amounts related to VIEs of $214,769 and $263,402 at December 31, 2019 and 2018, respectively) 689,213 678,724
Prepaid expenses and other assets (amounts related to VIEs of $20,931 and $26,513 at December 31, 2019 and 2018, respectively) 41,685 80,943
Investments in unconsolidated joint ventures 955,647 956,309
Total assets 20,993,574 19,955,423
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,918,806 and $2,929,326 at December 31, 2019 and 2018, respectively) 2,922,408 2,964,572
Unsecured senior notes, net 8,390,459 7,544,697
Unsecured line of credit 0 0
Unsecured term loan, net 498,939 498,488
Lease liabilities - finance leases (amount related to VIEs of $20,189 at December 31, 2019) 224,042  
Lease liabilities - operating leases 200,180  
Accounts payable and accrued expenses (amounts related to VIEs of $45,777 and $75,786 at December 31, 2019 and 2018, respectively) 377,553 276,645
Dividends and distributions payable 170,713 165,114
Accrued interest payable 90,016 89,267
Other liabilities (amounts related to VIEs of $140,110 and $200,344 at December 31, 2019 and 2018, respectively) 387,994 503,726
Total liabilities 13,262,304 12,042,509
Commitments and contingencies 0 0
Redeemable deferred stock units— 60,676 units outstanding at redemption value at December 31, 2019 8,365  
Redeemable partnership units—16,764,466 and 16,783,558 common units and 1,143,215 and 991,577 long term incentive units outstanding at redemption value at December 31, 2019 and December 31, 2018, respectively 2,468,753 2,000,591
Preferred stock, $0.01 par value, 50,000,000 shares authorized;    
5.25% Series B cumulative redeemable preferred stock / units, liquidation preference $2,500 per share / unit, 80,000 shares / units issued and outstanding at December 31, 2019 and December 31, 2018, respectively 193,623 193,623
Boston Properties Limited Partnership partners’ capital—1,726,980 and 1,722,336 general partner units and 153,063,318 and 152,736,142 limited partner units outstanding at December 31, 2019 and December 31, 2018, respectively 3,380,175 4,054,996
Accumulated other comprehensive loss (48,335) (47,741)
Total partners’ capital 3,525,463 4,200,878
Noncontrolling interests in property partnerships 1,728,689 1,711,445
Noncontrolling interests:    
Total equity / capital 5,254,152 5,912,323
Total liabilities and equity / capital $ 20,993,574 $ 19,955,423